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.
BEML Ltd and Mazagon Dock Shipbuilders Ltd have signed an MoU to collaborate on marine technologies. The partnership aligns with India's Aatmanirbhar Bharat initiative, aiming to advance indigenous tech in the defence sector. It focuses on reducing dependency on imports and fostering innovation and self-reliance. BEML Ltd and Mazagon Dock Shipbuilders Ltd (MDL) have inked a Memorandum of Understanding to spearhead research and development in marine technologies. The partnership aligns with India's goal of technological self-reliance under the Aatmanirbhar Bharat initiative, officials announced on Tuesday. The MoU was signed at BEML's Delhi office, attended by prominent figures including BEML CMD Shantanu Roy and MDL Director Sanjeev Singhal. The collaboration aims to merge BEML's engineering prowess with MDL's shipbuilding expertise, seeking to revolutionize the defence and maritime sectors. Under this pact, the firms aim to reduce import dependency in critical defence technologies by advancing indigenous tech solutions. MDL will utilize BEML's production abilities to drive local manufacturing and innovation. This partnership will significantly contribute to enhancing India's maritime capabilities and aligns with the nation's self-reliance objectives.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
New Delhi, Jun 27 (PTI) India's biggest warship builder Mazagon Dock Shipbuilders Ltd on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC in an all-cash deal of about Rs 452 crore. The Mumbai-headquartered shipbuilder, in a regulatory filing, said the proposed acquisition will enable the company to strengthen its position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding market reach. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Frida ...Read More >
Former Manipur CM N. Biren Singh stated that efforts are underway to establish a popular government in the state, currently under President's rule. He expressed optimism about forming a new government soon, emphasizing the BJP and its allies' desire for restoration of popular governance.Former Manipur chief minister N Biren Singh on Saturday said efforts are underway for setting up of a popular government in the state which is now under President's rule. Speaking at the sidelines of a programme at BJP state headquarters, Singh expressed hope that a new government will be formed in Manipur soo ...Read More >
Military leaders, experts, and industry representatives are set to gather to formulate a strategic indigenisation plan for Unmanned Aerial Vehicles (UAVs) and Counter-Unmanned Aerial Systems (C-UAS) to reduce reliance on foreign components. The event aligns with India's Aatmanirbhar Bharat initiative and emphasizes national security and technological self-reliance. In a concerted effort to enhance India's technological independence, military chiefs, defence specialists, policymakers, and industr ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an ...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 >
Mumbai : Sieger Parking, a Coimbatore-headquartered leader in automated and multi-level car parking systems, has expanded its footprint to Western India with the opening of a new regional office in Mumbai. Officially launched the Mumbai office marks a pivotal milestone in Sieger's pan-India growth strategy and commitment to delivering space-efficient, tech-driven parking solutions across the country. The new Mumbai office will serve as the regional hub for Maharashtra and neighbouring western states. With dedicated sales, project management, and service teams now stationed locally, Sieger aim ...Read More >
ITANAGAR, 12 Jul: The People of Riga village in Siang district have signed a Memorandum of Understanding (MoU) with the state government to support the conduct of pre-feasibility report (PFR) for the proposed Siang Upper Multipurpose Project (SUMP). The memorandum was signed in a meeting held here on Friday afternoon in the presence of Chief Minister Pema Khandu, Minister Ojing Tasing and Chief Secretary Manish Kumar Gupta. Khandu mentioned that more than 80 percent of houses in the village have pledged to support the PFR. The Chief Minister re-committed to holding deliberations with all th ...Read More >
Policy 3 min read Need to streamline policies to make India GCC hub: Official India aims to become a global hub for Global Capability Centres. Senior officials suggest streamlining national policies to emulate successful state models. Focus is on talent, infrastructure, and regulatory initiatives. The government plans a national framework to guide states in promoting GCCs in Tier II cities. Efforts are underway to boost employment and collaborate with global partners for workforce mobility. New ...Read More >
Madhya Pradesh Chief Minister Dr. Mohan Yadav wrapped up his three-day official visit to the United Arab Emirates today, delivering a compelling investment pitch that's already generating significant interest from global investors. The Chief Minister's packed Dubai schedule included high-level meetings with UAE government officials, business leaders, and Indian diaspora members, all focused on positioning Madhya Pradesh as India's next major investment destination. At the 'Madhya Pradesh Business Investment Forum' hosted alongside the Indian Business and Professional Council, Dr. Yadav made h ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
Tractors and Farm Equipment Ltd. (TAFE) has signed a memorandum of understanding (MoU) with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) to establish a "JFarm Adaptive Agriculture Research & Extension Centre" at the ICRISAT campus in Patancheru, Hyderabad. According to a detailed statement issued by TAFE, the centre will focus on educating farmers on sustainable agriculture practices, soil conservation and efficient water use through dedicated infrastructure. It ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu has announced that with the support from NVIDIA for curriculum and training, 10,000 engineering students will receive skill training in the next two years. Naidu said in a post on 'X' on Saturday, "Andhra Pradesh is welcoming bold initiatives to lead India's AI revolution. Under the leadership of Minister for IT Nara Lokesh, we have entered into an MoU with NVIDIA to build a strong and inclusive AI ecosystem in the state. As many as 500 AI startups from AP will gain access to its Inception Programme for global exposure and key resources." "Fu ...Read More >
MUMBAI: Defence stocks were trading in positive territory on Friday, a day after the union government approved the purchase of defence equipment worth Rs 1.05 lakh crore. Shares of all major public sector defence companies, including BEL, BEML, Hindustan Aeronautics, and Mazagaon Dock Shipbuilder, rose by up to 4.5 per cent during intraday trading. Mazagaon Dock Shipbuilders shares were up 1.46 per cent at Rs 3, 337.80 on NSE. The shipbuilding company's shares opened at Rs 3, 320.0 and rose to hit an intra-day high of Rs 3, 369.0 during the trading hours. Bharat Electronics shares started t ...Read More >
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New Delhi: At the 19th CII-ITC Sustainability Awards held at Bharat Mandapam in New Delhi, Vice-President Jagdeep Dhankhar called on industries to drive inclusive growth. He urged businesses to actively support MSMEs and ensure greater representation of women and marginalized communities in leadership roles. While acknowledging efforts toward affirmative action, he pointed out that subtle and often unspoken forms of gender discrimination still exist and need urgent attention. Encouraging industr ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >
ISLAMABAD: Indian Deputy Chief of Army Staff Lt Gen Rahul R Singh Friday claimed China used the four-day Pakistan-India conflict in May like a "live lab" to test various weapon systems and was providing all possible support to Islamabad in line with its ancient military strategy of killing the adversary with a "borrowed knife". The senior Indian military officer claimed while Pakistan was the "front face", with China extending all possible support to its all-weather ally, Turkiye was also playing a major role by supplying military hardware to Islamabad, adding that India was actually dealing w ...Read More >
Kohima, July 8 (SocialNews.XYZ) Nagaland Chief Minister Neiphiu Rio has reaffirmed the deep-rooted historical and cultural bonds between India and Japan, describing them as "civilisational connections founded on shared democratic values, religious harmony, and a commitment to peace and humanity". The Chief Minister arrived in Tokyo on July 5, accompanied by a high-level delegation, to explore avenues for collaborations, partnerships, and developmental initiatives with a wide range of stakeholders, including government bodies, private corporations, and civil society organisations. During the ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Bhubaneswar: As India ushers in a new era in professional sports with the launch of the inaugural Rugby Premier League in the country, the Kalinga Black Tigers - one of the league's founding teams- marked a significant milestone with the unveiling of their official jersey and mascot at the Kalinga Stadium in Bhubaneswar Saturday. Backed by I-lunch Ventures, an investment firm deeply rooted in Odisha, the Kalinga Black Tigers represent more than just a sporting franchise; they embody a broader vision for the state's development and recognition on the national stage. Hunch Ventures has consiste ...Read More >
BENGALURU: BBMP marshals deployed at lake security and supervision wing, ward monitoring and Indira Canteens are working without salaries since March. The situation has arisen after Bangalore Solid Waste Management Limited was carved out of BBMP for garbage management. Their salaries are usually given through the Ex-Servicemen Welfare Society and each marshal is paid Rs 17,500 monthly. "Supervisors say the delay is due to a set of procedures. Earlier, the amount was given to the Ex-Servicemen Welfare Society towards payments from BBMP. Now the files have to be cleared from BWSML to ward mars ...Read More >
Bengaluru, Jul 3 (PTI) Defence PSU BEML, formerly Bharat Earth Movers Limited, on Thursday announced a major infrastructure expansion at its historic Kolar Gold Fields (KGF) complex, located in Bengaluru. The commissioning of three next-generation units dedicated to defence production reflects BEML's strategic push to enhance indigenous capabilities and accelerate the delivery of mission-critical military platforms, the company said in a statement. Also Read | Indore Shocker: Man Accused of Kidnapping, Raping Minor Thrashed by a Group, Dies. The new facilities were inaugurated by BEML Chair ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration of ship building opportunities in India and abroad, sharing of technical expertise to scale up to the ...Read More >
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged the energy storage industry to reduce dependence on imports from certain countries, explore alternative sources of supply and focus on research and development for creation of innovative products. "We must work to prevent distortions. We must reduce our dependency on particular geographies and look at alternative sources of supply, where we can have resilience in our supply chain," he said at the 11th India Energy Storage Week. Goyal said the industry should look at newer technologies to cut overdependence on imports an ...Read More >
Itanagar: In a relief for the Arunachal Pradesh govt, residents of Riga village in Siang district have given their consent and support in signing a memorandum of understanding (MoU) for the pre-feasibility report (PFR) of the proposed Siang Upper Multipurpose Project.The decision was made during a meeting between Arunachal Pradesh chief minister Pema Khandu and representatives of Riga village, led by panchayati raj and rural development minister Ojing Tasing, in Itanagar on Friday.Taking to X, Khandu wrote, "Heartfelt thanks to the people of Riga for their consent and support in signing the Mo ...Read More >
New Delhi: India's goods exports in June fell a tad from a year earlier, but a sharper drop in imports aided the trade deficit to narrow to a four-month low. Exports reduced 0.05% year-on-year to $35.14 billion, a seven month low, while imports fell 3.71% to $53.92 billion, leaving a trade deficit of $18.78 billion compared with $20.84 billion in June last year. Exports to the US in the past month rose sharply to $25.52 billion from $20.89 billion, despite the base tariff on Indian goods shippe ...Read More >