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.
Zee Entertainment and Margo Networks lost an arbitration case against RailTel Corporation, a PSU. The dispute centered on the termination of a content-on-demand contract. The Arbitral Tribunal dismissed both Zee's claims against RailTel and RailTel's counterclaims. Zee may appeal to overturn the decision. Zee Entertainment Enterprises Limited (ZEEL) and its subsidiary Margo Networks faced a setback as their arbitration claims against RailTel Corporation of India were rejected. The case revolved around the controversial termination of a content-on-demand (COD) agreement by the public sector undertaking (PSU). According to a regulatory filing, the arbitration tribunal, formed to deliberate on the dispute, denied Zee's claims of wrongful contract termination and rejected RailTel's counterclaims. This outcome followed Zee's assertion that RailTel wrongfully forfeited substantial amounts related to the COD agreement. ZEEL had earlier disclosed the contract's termination in November 2021. Now, in light of the tribunal's decision, the company is evaluating potential legal avenues, including an appeal to overturn the current arbitral award.
Mumbai, Jul 14 (PTI) State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for approval of the Group Consolidation in two stages. Based on the in-principle approval received from the Government of India to consider 'Consolidation of IFCI Group' dated November 22, 2024, which entailed m ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of PFC and REC to help achieve scale and improve efficiency in the public sector NBFC space The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said. Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of Power Finance Corporation ...Read More >
New Delhi, Jun 6 (PTI) State-owned power giant NTPC on Friday said its Group installed generation capacity has reached 80,515 MW, after the first unit of 250 MW of the Tehri hydro Pumped Storage Project (PSP) began commercial supply of electricity. THDC India Ltd, a subsidiary of NTPC Ltd, has declared the first 250 MW unit of its 1,000 MW Tehri PSP (4x250 MW) commercially operational with effect from 00:00 hours on June 7, 2025, according to a regulatory filing. The total installed and commercial capacity of the NTPC group will become 80,515 MW, it added. NTPC is India's largest integrated ...Read More >
New Delhi, Jul 1 (PTI) State-owned SJVN on Tuesday announced signing an agreement with Uttar Pradesh Power Corporation Limited (UPPCL) to supply power from its 900-MW Arun-III Hydro Electric Project in Nepal. The company also signed power purchase agreements (PPAs) with UPPCL for supply of power from its upcoming 210 MW Luhri Stage-I and 382 MW Sunni Dam Hydro Electric Project (HEP) and 382 MW Sunni Dam HEP in Himachal Pradesh, Shimla-based SJVN said in a statement. Together, these projects will add 592 MW of green energy to the national grid. These HEP will generate 2140 MU of electricity a ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
New Delhi, Oct 17 (PTI) Sterling and Wilson Renewable Energy on Friday reported a consolidated net loss of Rs 477.62 crore in the September quarter, due to an exception item of Rs 580.10 crore during the period under review. The company posted a consolidated net profit of Rs 8.57 crore in the quarter ended on September 30, 2024, a BSE filing showed. Last year, a wholly owned subsidiary (WOS) company of the group terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract, the statement said. During the quarter, an a ...Read More >
New Delhi, Apr 5 (PTI) State-owned Coal India Ltd plans to offer 25.62 million tonnes of coal through online auction in the current month, a move expected to mitigate the impact of energy supply shocks on industries amid the West Asia crisis. The disruptions in LNG, LPG and crude oil supplies from the Middle East have increased demand for coal, driving up its import prices. Coal India had offered 32.532 million tonnes of coal through e-auction in March against 20.5 million tonnes in February this year. The state-run coal producer plans to offer coal through the Single Window Mode Agnostic ( ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Indian markets saw gains on Friday. Britannia Industries is focusing on localized strategies. Hyundai aims for growth through domestic sales and exports. Alembic Pharma received US FDA EIR. Diamond Power secured a Rs 236 crore order from Adani Energy. GMR Airports reported a passenger traffic decline. RailTel received a Rs 209 crore order. Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. In today's trade, shares of G ...Read More >
Justice Surya Kant highlighted delays in arbitration, undermining its intended swiftness, during the Delhi Arbitration Weekend. He stressed the need for quality, consistent arbitral awards to enhance India's global standing as a preferred arbitration seat. Justice Kant also emphasized the importance of independence, integrity, and minimal judicial intervention in the arbitration process. Supreme Court judge Justice Surya Kant on Sunday flagged the issue of delay in arbitration, saying what was o ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
Kolkata: Once heavily dependent on imports, India's defence sector is poised to emerge as a global supplier, riding on a plethora of policy reforms, investments and industrial capabilities. With NATO announcing that its member nations will raise defence expenditure to 5% of GDP by 2035, there is a growing optimism in India about making it big in the export of military hardware in the developed world. One of the bright spots is the achievement of Reliance Defence, which has grabbed an export order of Rs 600 crore from Germany's major defence manufacturer Rheinmetall Waffe Munition GmbH. Relian ...Read More >
New Delhi, Sep 15 (PTI) State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an offer for sale of up to 23.75 crore shares of face value of Rs 10 each, including up to 13.77 crore s ...Read More >
Bengaluru : Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of equity shares of up to Rs 160 crore and an offer for sale of over 1.19 crore shares by promoters and investor selling shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, promoters -- Ankita Chugh, Trans Global Hotels LLP and Sanjay Manohar Vazirani -- will be offloading their stakes in the company. Arpit Khandelwal, V ...Read More >
NTPC Green Energy has commissioned 212.5 MW of solar capacity at the Khavda-I Solar PV Project in Gujarat and 52.8 MW of wind capacity. These additions, declared commercially operational in August 2025, increase the NTPC group's total installed and commercial capacity to 83,242 MW, reinforcing its commitment to renewable energy. State-owned NTPC on Wednesday said that its arm NTPC Green Energy has commissioned 212.5 MW of solar and 52.5 MW of wind capacities, taking the group's installed and com ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
HYDERABAD: The Telangana High Court on Friday set aside a Government Order (GO) dated December 26, 2021, issued by the previous BRS administration allotting 3.7 acres of prime land in Raidurg to the International Arbitration and Mediation Centre (IAMC). The court, however, upheld related GOs providing financial support to the IAMC and requiring referral of certain disputes to the centre. The market value of the land is around Rs 350 crore, according to sources. The then government also sanctioned a grant of Rs 50 crore for the construction of the IAMC. The foundation stone for a permanent bui ...Read More >
Mumbai: Popular actress and dancer Shefali Jariwala, widely known for her appearance in the iconic music video 'Kanta Laga', has passed away at the age of 42. The shocking news has sent a wave of grief through the entertainment industry. Her husband, actor Parag Tyagi, rushed her to Bellevue Hospital after she reportedly collapsed at home. Unfortunately, doctors declared her dead on arrival.The body has been moved to Cooper Hospital for a postmortem examination. Initial reports suggest that Shefali died due to a heart attack or cardiac arrest, although the exact cause will be confirmed after a ...Read More >
New Delhi, July 5: The country's leading cement maker UltraTec, on Saturday said it is not under investigation by the fair trade regulator CCI over alleged contravention of competition norms in tenders floated by state-run oil major ONGC. "It is clarified that the Company is not under investigation in this Case No. 35 of 2020 before the Competition Commission of India ("CCI"). The company has neither received any order from the CCI in this case nor have the company's financials been sought by the CCI," said the Aditya Birla group flagship firm in a BSE filing. It further said that its newly a ...Read More >
Mumbai, Jul 14 (PTI) State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthusiasts. In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for approval of the Group Consolidation in two stages. Based on the in-principle approval received from the ...Read More >
New Delhi: India has surpassed its target of installing 50% of its power capacity from non-fossil fuel sources, achieving a key nationally determined contribution (NDC) under the Paris Agreement five years ahead of the 2030 target, the Union Cabinet said on Wednesday. "India's achievement of 50% non-fossil fuel installed capacity ahead of the target year is a testament to its ambition, innovation, and commitment to sustainable development. It affirms that development and decarbonisation are not ...Read More >
Pakistan has welcomed the Permanent Court of Arbitration's ruling on hydroelectric projects in Jammu and Kashmir, expressing readiness for talks with India regarding the Indus Waters Treaty. However, India has strongly rejected the ruling, asserting it doesn't recognize the arbitration framework and views it as a Pakistani attempt to evade accountability for terrorism.Pakistan on Saturday welcomed the ruling by the Permanent Court of Arbitration in The Hague over two hydroelectric projects in Jam ...Read More >
Oil and Natural Gas Corporation (ONGC) collaborates with Japan's Mitsui OSK Lines. They will construct two very large ethane carriers. These carriers will import petrochemical feedstock for ONGC's subsidiary. This move addresses changes in liquefied natural gas (LNG) composition from Qatar. ONGC aims to secure feedstock for its petrochemical plant. Ethane imports are planned to start by mid-2028.State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui OSK Lin ...Read More >
New Delhi: The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, owner of southern India-based India Cements, along with Dalmia Cement (Bharat) Limited (DCBL) and Shree Digvijay Cement and their executives to submit audited financial statements, including balance sheet and profit and loss account, within eight weeks of the order. The competition watchdog's direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following the com ...Read More >
The Rail Infrastructure Development Company (Karnataka) Limited, or K-RIDE, has successfully encashed performance bank guarantees worth Rs 57 crore issued by Larsen & Toubro (L&T) through YES Bank, following an arbitration tribunal's rejection of L&T's plea to block the move. The guarantees were linked to civil works under Corridors 2 and 4 of the Bengaluru Suburban Rail Project (BSRP). K-RIDE completed the encashment on Saturday (April 4), after the tribunal upheld its position that L&T had defaulted on both corridor contracts and terminated the agreements unlawfully, outside the stipulated ...Read More >
NEW DELHI: Government-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant. The renewed collaboration has been formalised through an amendment agreement signed here, GAIL said. "This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located at the Special Economic Zone (SEZ) in Mangalore," according to a GAIL statement. The collaboration marks a pivotal development in t ...Read More >
A dedicated skywalk from the station also leads directly to the Infosys Metro Plaza, where ID checks grant access to the campus. Bengaluru's newly inaugurated Yellow Line metro has found an early corporate champion in Infosys, which is urging its employees to swap road commutes for the "efficient" rail corridor to curb traffic congestion. According to a TOI report, the IT giant circulated an internal email highlighting the benefits of the metro, particularly during peak hours, while detailing se ...Read More >