India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
HSINCHU, TAIWAN, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Lauterbach, the leading provider of development tools for embedded systems, and Andes Technology Corporation (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading supplier of RISC-V processor IP, today proudly announce their collaboration that enhances the debugging and tracing experience for engineers using Andes' advanced NCETRACE200 trace IP with Lauterbach's industry leading development tools TRACE32®. With the growing demand for RISC-V architectures in various applications, the combination of Lauterbach's TRACE32® tools and Andes' NCETRACE200 trace solution empowers developers to have deep, non-intrusive trace visibility into their System-on-Chip (SoC) to assist debug & trace, accelerate time-to-market and achieve higher levels of reliability, performance and efficiency in their embedded products AndesCore ™ NCETRACE200 subsystem is a non-intrusive tracing solution designed for the Andes RISC-V processor portfolio that spans from small, low-power MCUs to high-performance OoO application processors. Key features include: *ARM® and CoreSight™ are trademarks or registered trademarks of ARM Limited in the United States and other countries "We are excited to support Andes Technology trace solution with our TRACE32® tools," said Norbert Weiss, Managing Director at Lauterbach. "Our collaboration will provide engineers with the tools they need to maximize the potential of their RISC-V designs, fostering innovation and efficiency in embedded systems". Andes also expressed enthusiasm about the partnership. "Lauterbach is our long-term partner for many years. Working with Lauterbach allows us to deliver a comprehensive debug and trace experience to our customers, further solidifying our position in the embedded systems market," said Dr. Charlie Su, president and CTO at Andes Technology. "This collaboration will pave the way for innovative developments in the RISC-V landscape, supporting a new generation of embedded solutions." About Lauterbach Lauterbach is the leading manufacturer of cutting-edge development tools for embedded systems with more than 45 years of experience, serving customers all over the world and partnering with all semiconductor manufacturers. The company has played a key role in the RISC-V Foundation working groups that have defined debug and trace standards for RISC-V-based CPUs. Nineteen years in business and a Founding Premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions, and the driving force in taking RISC-V mainstream. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, functional safety and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion.
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Mumbai: Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to check the malpractice. "It's not necessary that every mis-selling is mis-selling, it's also about the customers' understanding of the product," said Swaminathan S Iyer, member (life), Insurance Regulatory and Development Authority of India on the sidelines of an event on Wednesday. "Once you drive home that your understanding is different from what the product is...then I think the absolute number on mis-selli ...Read More >
Indian Renewable Energy Development Agency (IREDA) anticipates a revenue surge. The company aims for a 21% increase in revenue from operations, targeting Rs 8,200 crore this fiscal year. IREDA signed an MoU with the Ministry of New and Renewable Energy. The government set a revenue target of Rs 8,200 crore for fiscal year 2025-26. IREDA exceeded its previous revenue target. State-owned Indian Renewable Energy Development Agency (IREDA) on Monday said it is eying over 21 per cent growth in revenu ...Read More >
SEBI said SSSL diverted crores raised through a rights issue and created fictitious accounts New Delhi: The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and misleading shareholders with false disclosures. The order also imposes penalties and directs disgorgement of unlawful gains, ...Read More >
Shivalik Small Finance Bank (SSFB) has raised nearly $11.4 million led by SMBC Asia Rising Fund-Japan. In another development, Refold AI, an enterprise AI startup, has raised $6.5 million in seed funding. Shivalik Small Finance Bank secures $11.4m Shivalik Small Finance Bank (SSFB) on Thursday announced that it has raised nearly $11.4 million (Rs 100 crore) led by SMBC Asia Rising Fund-Japan, the corporate venture capital arm of Sumitomo Mitsui Banking Corporation (SMBC). The funding also saw participation from the bank's existing investors, Accel, Quona Capital, Lightspeed, and Sorin Inves ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...Read More >
Akzo Nobel has revealed that its decision to partner with JSW Paints was based on a strategic vision to combine global expertise with strong local execution. The move positions JSW Paints to challenge India's top paint industry players. "We had options. It was really about finding not only the right home for our people but the right partner for our company, and we chose JSW," ET NOW quoted Akzo Nobel CEO Greg Poux-Guillaume as saying, explaining the rationale behind the decision. "It really is a ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): Reliance Industries Limited on Friday reported its April-June quarter gross Revenue increased by 6.0 per cent year on year to Rs 273,252 crore. Coming to Jio Platforms, a subsidiary, the revenue increased by 18.8 per cent due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Also Read | WCL 2025 Points Table Updated With Net Run Rate: Check Latest Team Standings and Leaderboard of World Championship of Legends Season Two. Reliance Retail Ventures reported its revenue ...Read More >
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited (BSNL) has signed a Memorandum of Understanding (MoU) with the Numaligarh Refinery (NRL) to deploy a private 5G network for the public sector oil company, which would be India's first captive non-public network (CNPN) in the refinery sector. BSNL and NRL, in a joint statement on Sunday, said that the deployment would usher in a new era of secure, ultra-reliable, and real-time industrial connectivity, while supporting mission-critical opera ...Read More >
President Droupadi Murmu on Friday presented the SCOPE Eminence Awards for 2022-23 in New Delhi, praising the role of public sector enterprises (PSEs) in India's growth journey and their contribution to nation-building since Independence. Addressing the gathering, the President said the awards celebrate the "significant contribution of public sector enterprises to the development of India" across social, economic, environmental, technological and ethical dimensions. She appreciated the Standing ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
BusinessWire India Chennai (Tamil Nadu) [India], July 1: TAFE, one of the world's largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO on all matters relating to brand, commercial issues and shareholding. The settlement encompasses the following key features: * Ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in "Massey Ferguson" and related trademarks and all goodwill associated therewith. * TA ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Central banks, institutions, and payment corridors are experimenting with something deeper than crypto hype. From cross-border settlements to real-world assets, Ripple is building blockchain infrastructure. If recent comments from top banking executives are any indication, XRP may move trillions in value. According to KingXRP, the XRP Ledger (XRPL) is on the brink of a groundbreaking transformation that could unlock a staggering $196 trillion market through the emergence of ...Read More >
New Delhi [India] August 4 (ANI): The shareholding landscape of India Inc. witnessed a significant shift in the June 2025 quarter, with private promoter ownership plunging to an 8-year low while Domestic Institutional Investors (DIIs) surged to an all-time high, according to Primeinfobase, a division of PRIME Database Group. Private promoter holding in NSE-listed companies fell to 40.58 per cent as on June 30, 2025, down from 40.81 per cent in the previous quarter. This marks the lowest level since September 2017. The drop translated to a net sell value of Rs 54,732 crore. Over the last thre ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project -- a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company's stock price. ALT5 Sigma, which trades on Nasdaq under the ticker name "ATLS", aims to raise $1.5 billion to become the f ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique and dedicated legal framework specifically designed for Ladakh. The framework ensures maximum local re ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
Kolkata, July 19 (SocialNews.XYZ) Alleged harassment of Bengali-speaking people in Odisha, Assam and Delhi after being branded as illegal Bangladeshi infiltrators, the Special Intensive Review (SIR) and the necessity of Opposition unity on these issue are likely to be the important matters that would be raised by the Trinamool Congress in the meeting of the INDIA Bloc this evening. The meeting will be attended virtually by the Trinamool Congress General Secretary and the party's Lok Sabha member, Abhishek Banerjee, as decided by the party leadership at the last moment. "The harassment of Ben ...Read More >
New Delhi, June 20: Vivo is expected to launch its next smartphone from the V-series soon in India. The Vivo V60 launch in India may take place in August 2025. The upcoming Vivo V60 is expected to deliver multiple improvements over its predecessor, the Vivo V50, which launched in India in February this year. Vivo recently launched the Vivo X200 FE in India. It now seems to be preparing for the debut of another smartphone with a focus on photography, possibly the upcoming Vivo V60. As per reports, the Vivo V60 is expected to be available in three colour options, which are said to be Moonlit Bl ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Mumbai: State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm. "We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive officer (CEO) Nidhu Saxena said on the sidelines of the Ficci-IBA banking conference in Mumbai on Monday. ...Read More >
NEW DELHI: Finnish telecom gear maker Nokia has won an IP edge and transport network modernisation deal from Vortex Group for three states: Maharashtra, Goa, and Gujarat. "The refreshed IP aggregation and edge networks will support increased broadband speeds and enable Vortex to expand services to underserved areas," the companies said in a joint statement on Monday. The deployment of Nokia solutions will enable more than 150 smaller internet service providers (ISPs) connected to Vortex's netwo ...Read More >
Palo Alto Networks, released its 2025 cybersecurity predictions for the Asia Pacific region, outlining five key trends that cyber practitioners can expect to unfold in the coming twelve months and position their organisations for a more secure future. Organisations across the APAC region have emphasised embedding AI into business processes in 2024. This includes cybersecurity processes, where organisations and their adversaries are engaged in an AI arms race. But alarmingly, according to a recent PwC report, more than 40% of leaders say they do not understand the cyber risks posed by emerging ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
New Delhi, July 9 (SocialNews.XYZ) Samsung Electronics on Wednesday launched Galaxy Z Fold7 series and Galaxy Z Flip7 series smartphones with some top-of-the-line features at both the software and hardware level. The thinnest and lightest Galaxy Z Fold series, to date, delivers the premium performance and experience of an ultra smartphone, while unlocking new levels of efficiency and productivity with a larger, more immersive display when unfolded. With the new One UI 8 as its foundation, it seamlessly integrates intelligent, multimodal agents optimized for the foldable form factor. "Galaxy ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation phase and lower resistance levels. John Glover, the chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, noted that the recent rally appears to be a retest of the previous all-time high set on May 22, which encountered selling pressure. As some investors opted to take profits, ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) Navratna public sector undertaking Indian Renewable Energy Development Agency Limited (IREDA) on Monday signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) to achieve a revenue from operations of Rs 8,200 crore during the financial year 2025-26. The IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving Rs 6,743.32 crore against the target of Rs 5,957 crore. The MoU also includes key performance parameters such as Return on Net Worth, Return on Capital Employed, NPA to Tot ...Read More >
NEW YORK and NOIDA, India, May 27, 2025 -- HCLTech, a leading global technology company, has been recognized as an SAP AppHaus Alliances Partner. This recognition enables HCLTech to co-innovate, drive business transformation and accelerate AI-powered business outcomes. HCLTech plans to introduce various Joule Agents from SAP to help enterprises automate processes, improve efficiency and make smarter decisions. HCLTech is also a member of the 'Next Level program' for SAP BTP and SAP Business AI, which reinforces its capability in implementing SAP-driven digital transformation projects. HCLTec ...Read More >