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.
Mumbai, Jun 7 (PTI) In the wake of removal of its pro-Vice Chancellor for alleged financial misappropriation, city-based Tata Institute of Social Sciences (TISS) is now contemplating to appoint a Vice Chancellor in the next couple of months. On Friday night, TISS asked its pro-VC professor Shankar Das to step down with immediate effect amid allegations of financial misappropriation and irregularities against him. "Consequent upon approval of the Competent Authority, Prof Shankar Das, Pro Vice Chancellor is hereby relieved from the charge of Pro Vice Chancellor with immediate effect," the TISS said in its order. The decision to remove him from his post came in the wake of a complaint received from the Central Vigilance Commission (CVC). Sources said on Saturday that TISS will now directly appoint a VC and the process will take 1-2 months. After this, the pro-VC post will no longer be needed, they added. Following the complaint of misappropriation of funds against Prof Das, the TISS had set up a fact-finding committee and initiated a preliminary inquiry in accordance with institutional procedures. After the committee recommended that a detailed investigation was necessary, a second committee was appointed to conduct an in-depth probe, which is currently underway. However, Das who is currently the dean of the School of Health Systems Studies at TISS will continue in his academic role as a faculty member. Professor Das had joined the institute in 2008, and has over 30 years of experience spanning the government, public sector, academic, and international organisations and was appointed as pro-VC of TISS on January 30, 2024. PTI SM NP
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. The police have also invoked non-bailable charges under the Bharatiya Nyaya Sanhita (BN ...Read More >
Bengaluru, Dec 11 (PTI) The National Law School of India University, which has pioneered and developed an integrated five-year BA LLB (honours) degree that transformed Indian legal education, has now come up with a three-year (honours) BA course with an option of an additional fourth year. The first cohort of the programme will be admitted in July 2025, the NLSIU said. "We are looking to develop something that is responsive to 2025, but is completely different," the NLSIU Vice Chancellor Sudhir Krishnaswamy said at the launch of the programme. He said the university will teach the social sc ...Read More >
New Delhi, Jun 6 (PTI) Former Delhi minister Satyendar Jain was questioned by the Anti-Corruption Branch (ACB) for over five hours on Friday in connection with a graft case related to the construction of classrooms in city government schools under the previous AAP dispensation. Sources said Jain was evasive in his replies and might be called for questioning again. Jain, who was the Public Works Department (PWD) minister in the AAP government, termed the case "politically motivated". According to the sources, Jain was given a written questionnaire with 29 questions. "He tried to put the bla ...Read More >
Hisar, Jun 26 (PTI) Protesting Haryana Agricultural University (HAU) students on Thursday said that they haven't withdrawn their agitation and will only do so once a formal order addressing their agreed-upon demands is issued. An agreement was reached between the protesting HAU students and the state government on Wednesday, reportedly after most of their demands in connection with the alleged June 10 assault on students were accepted. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check De ...Read More >
A Delhi University panel's decision to drop proposed postgraduate Political Science papers on Islam, Pakistan, and China has failed to find consensus among the members. Photograph: Courtesy @UnivofDelhi/X While some called it ideological censorship, those who supported the decision termed it a step towards making the syllabus "India-centric" and free from bias. In its meeting on Wednesday, DU's Standing Committee for Academic Matters directed the removal of four elective papers -- Islam and In ...Read More >
Gorakhpur (UP), Jun 27 (PTI) Chief Minister Yogi Adityanath on Friday conducted an extensive review of the preparations for President Droupadi Murmu's upcoming visit to the state's first AYUSH University in Pipri, Bhathat, the Uttar Pradesh government said in a statement. The chief minister directed senior officials to ensure exceptional arrangements in terms of security, convenience and cleanliness for the president's visit so that the event becomes an unforgettable memory for her, the statement said. President Murmu is scheduled to inaugurate the Mahayogi Guru Gorakhnath AYUSH University o ...Read More >
Chandigarh: Haryana chief minister Nayab Singh Saini on Tuesday said the state govt was consistently working to provide better resources to the doctors and quality healthcare services to the citizens.He mentioned that medical colleges were being established in every district.While there were only six medical colleges in 2014, the number has now increased to 15, and nine new colleges are under construction. As a result, MBBS seats in the state increased from 700 in 2014 to 2,185, at present. The state govt aims to increase the MBBS seats to over 3,400 by 2029, said Saini.The CM was addressing a ...Read More >
New Delhi, Jul 2 (PTI) The Enforcement Directorate on Wednesday alleged Sonia and Rahul Gandhi wanted to usurp the assets of Associated Journals Limited (AJL), a Rs 2,000 crore company, the publisher of National Herald newspaper. Special judge Vishal Gogne was hearing the submissions on the point of cognisance in the National Herald case. Additional solicitor general S V Raju said a conspiracy was hatched to form Young Indian Private Limited in which the Gandhis held 76 per cent shares to usurp the assets of AJL, which took a Rs 90 crore loan from the All India Congress Committee (AICC) desp ...Read More >
Thiruvananthapuram, Jul 10 (PTI) Kerala University and the Raj Bhavan witnessed intense protests on Thursday by Left-affiliated student and youth organisations against the Vice Chancellor and the Chancellor, over the suspension of the university Registrar. The CPI(M)'s student wing, the Students' Federation of India (SFI), marched to Governor Rajendra Vishwanath Arlekar's residence in protest against his actions as Chancellor of universities, alleging attempts to "saffronise" higher education institutions under the influence of the Sangh Parivar. SFI activists climbed atop the barricades set ...Read More >
Mumbai, Jul 10 (PTI) With more and more companies prioritising inclusivity, a study has revealed that the most diverse companies delivered 50 per cent higher net profit compared with less diverse counterparts. Around 8 out of 10 industries studied showed a positive relationship between the presence of women and profit after tax (PAT) as most diverse companies delivered 50 per cent higher net profit than their less diverse counterparts, according to HR advisory firm Marching Sheep's 'Marching Sheep Inclusion Index 2025' study. This annual study, conducted by HR advisory firm Marching Sheep's ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Rajgir/Gayaji (Bihar), Jun 6 (PTI) Rejecting outright the 50 per cent cap on caste-based reservations, Congress leader Rahul Gandhi on Friday vowed that "the barrier will be broken" in whichever part of the country his party came to power. The Leader of the Opposition in Lok Sabha made the promise in Bihar, the state which was a hotbed of the Mandal agitation in the 1990s, and where polls to the assembly are likely in a few months. "I wonder where did this idea of a 50 per cent cap come from? The population of the deprived sections is close to 90 per cent," said the former Congress president ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Hyderabad, Jun 27 (PTI) Brihaspathi Technologies Limited a city-based AI surveillance and security solutions provider on Thursday said it gearing up for an Initial Public Offering (IPO) in the next financial year and the proceeds from it will be utilised to strengthen its research and development (R&D) capabilities, and expand manufacturing capacity. The firm has successfully raised USD 10 million in funding from foreign institutional investors and others and the capital infusion will fuel the company's expansion efforts, including the establishment of a new 72,000 sq ft CCTV manufacturing fa ...Read More >
Vice Chancellor Dr. Mohan Kunnummal took action against the Registrar after confirming misconduct during the Governor's event and a violation of service rules. Thiruvananthapuram: The tug-of-war between the Raj Bhavan and the state government looks to escalate further with Kerala University Registrar Dr. KS Anil Kumar suspended from service pending disciplinary proceedings for allegedly creating discord during a function attended by Governor Rajendra Vishwanath Arlekar. Vice Chancellor Dr. Mohan Kunnummal took action against the Registrar after confirming misconduct during the Governor's eve ...Read More >
Mumbai, Dec 18 (PTI) Private equity and venture capital (PE/VC) funds invested USD 4 billion in November, which was 156 per cent higher than the year-ago period but lower about 15 per cent compared with the preceding month, a report said on Wednesday. The month saw 87 deals -- 47 per cent higher than the 59 transactions in November 2023, as per the report by industry lobby grouping IVCA and consultancy firm EY. "While 2024 had started off on a strong note, geopolitical tensions, uncertainty over US elections outcome, and inflation weighed on the markets, as did the bid-ask spread between sel ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
Bhopal - In a transformative move set to redefine the future of education in India, Scope Global Skills University (SGSU), Bhopal, has announced the launch of its "AI First Campus" and a comprehensive "AI Action Plan." As Central India's first NEP and NSQF-aligned skills university, SGSU is committed to embedding artificial intelligence (AI) deeply into every aspect of higher education, from academic programs and faculty development to student engagement and industry collaboration. These new initiatives are part of the university's mission to lead the charge in AI-powered learning and to esta ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
New Delhi: The vice chancellor of Dr B R Ambedkar University Delhi (AUD), Anu Singh Lather, has said the institution is deliberately avoiding the term Indian Knowledge System in favour of the 'Bharatiya Knowledge System' as "India is a foreign word". Asserting its cultural identity and academic autonomy, the university's choice of terminology reflects a deeper philosophical and historical consciousness, according to Lather. "The word India itself is foreign to all of us," she said during an interview with PTI. Lather said the AUD has recently approved 54 compulsory BKS courses that will be ...Read More >
New Delhi, Jul 1 (PTI) Jawaharlal Nehru University will conduct its own entrance exam -- JNUEE -- for admissions in PhD courses for Korean Studies and Cinema Studies, which are not covered under the UGC-NET, while admissions for all other doctoral degree courses will be based on NET scores. According to university sources, the decision to hold JNUEE for these two programmes was taken by the respective schools. Also Read | India Developing Its Own Bunker-Buster Missile? Reports Say DRDO Modifying Agni-5 ICBM To Carry Massive Conventional Warhead. "All the deans have accepted and signed the p ...Read More >
Thiruvananthapuram: Kerala University has been witnessing dramatic developments following the SFI's protest over a Bharat Mata image displayed at an event attended by Governor Rajendra Arlekar on campus, and the suspension of Registrar KS Anil Kumar. The Governor, who is the Chancellor of the university, has sought a report from the Vice Chancellor in-charge, Dr Ciza Thomas, regarding the syndicate's decision to revoke Anil Kumar's suspension. Following the syndicate's revocation of the suspension order issued by Vice Chancellor Dr Mohanan Kunnummal, Anil Kumar returned to his office on Monda ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...Read More >
Dwarakapudi (Andhra Pradesh), May 18 (PTI) Four children died of suffocation after being trapped inside a parked car in Vizianagaram district, police said on Monday. The children, who were playing outside the house, entered the parked vehicle at around noon on Sunday. "They were unable to exit as the doors of the unlocked car automatically locked after entry," police added. "We believe the car's auto-lock system engaged once the kids got in, trapping them," a police official told PTI, adding that the bodies were discovered six hours later, post-6 pm on Sunday. A case has been registered und ...Read More >
New Delhi, Jun 30 (PTI) The Bar Council of India (BCI) has said that offering LLM or equivalent legal courses online or through hybrid mode without its approval was unauthorised and unrecognised. The BCI, as a result, issued an advisory against the proliferation of unapproved Master of Laws (LLM) programmes offered online, through distance or hybrid modes. The advisory, authored by Justice (retd) Rajendra Menon, former chief justice of the Delhi High Court and co-Chairperson of the standing committee on legal education of the BCI, was sent to all the high courts on June 25 for necessary acti ...Read More >
Rayachoti (Andhra Pradesh), Jul 3 (PTI) Two alleged terrorists from Tamil Nadu nabbed here recently after 30 years lived under "fake identities," and nearly 20 kg of explosives were seized from them, police said on Thursday. Abubacker Siddique, allegedly involved in the 2011 pipe-bomb planting attempt during BJP veteran and former Deputy Prime Minister L K Advani's rath yatra in Tamil Nadu's Madurai and his accomplice Mohammed Ali were arrested earlier from here. Siddique was involved in several bomb blasts in south India and was arrested by the Tamil Nadu's Anti Terrorism Squad from his hid ...Read More >
Hyderabad, July 6 (Maxim News): In a major boost to employment opportunities in the banking sector, public sector banks (PSBs) are set to recruit around 50,000 personnel during the current financial year (FY2025), according to data compiled from various banks. The move is aimed at supporting expanding business operations, enhancing customer services, and strengthening digital and physical infrastructure. The State Bank of India (SBI), the country's largest lender, is leading the hiring wave with plans to employ nearly 20,000 people in FY2025. This includes both probationary officers and speci ...Read More >