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.
Ottawa: India is the fifth largest economy in the world and it is central to a number of critical global supply chains, Canadian Prime Minister Mark Carney has said, arguing that the leadership of the country must be part of discussions at the upcoming G7 summit. Carney's comments came after some of his political opponents in Canada criticised him for inviting Prime Minister Narendra Modi to the G7 summit in view of a probe into allegations of Indian links to the killing of a Khalistani separatist in 2023. Prime Minister Modi accepted Carney's invitation to attend the G7 summit during a phone conversation on Friday. Canada is hosting the G7 summit in the Alberta province from June 15 to 17 in its capacity as the current chair of the grouping. To a specific question on the case of killing of pro-Khalistan separatist Hardeep Singh Nijjar in 2023, Carney told reporters that it is not appropriate for him to comment as the legal process in the case is underway. The Canadian prime minister said the G7 summit will deliberate on a range of key issues including energy security, digital future, critical minerals and on partnerships in building infrastructure in the emerging and developing world. Carney suggested that he extended the invitation to Modi after talking to other G7 member countries. "There are certain countries that should be at the table for those discussions," he said when asked why PM Modi was invited when there have been allegations of Indian links to the Nijjar case. "India is the fifth largest economy in the world; effectively the most populous country in the world. (It is) central to a number of those supply chains; (it is) at the heart of a number of those supply chains, so it makes sense," he said. Without elaborating, Carney noted that India and Canada have agreed to continue law enforcement dialogue.
OTTAWA -- India's Prime Minister Narendra Modi says he will attend the G7 meeting in Kananaskis this month after receiving an invitation from Prime Minister Mark Carney. "As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by mutual respect and shared interests. Look forward to our meeting at the Summit," Get more deep-dive National Post political coverage and analysis in your inbox with the Political Hack newsletter, where Ottawa bureau chief Stuart Thomson and political analyst Tasha Kheiriddin get at what's really goi ...Read More >
New Delhi [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, 'Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
Mark Carney declined to answer if he believed Indian PM had a role in murder of Sikh activist Hardeep Singh Nijjar Canada's prime minister Mark Carney has defended his decision to invite India's prime minister Narendra Modi to the upcoming G7 summit in Alberta, despite Canada's federal police's conclusion that the murder of a prominent Sikh activist in British Columbia was orchestrated by the "highest levels" of the Indian government. Carney declined to answer reporters' questions over whether ...Read More >
Bhubaneswar: Sainik School Bhubaneswar is set to host the prestigious "All India Sainik Schools Inter Group (National Level) Football Tournament-2025" from June 7 to June 15, 2025, at its school campus in the State Capital. The tournament, organized under the aegis of Sainik Schools Society, Ministry of Defence, and Government of Odisha, will feature teams that have emerged victorious in the eight Intra Group competitions. The tournament will be conducted in three categories: Sub Junior Boys (Under 15), Junior Boys (Under 17), and Junior Girls (Under 17). The winners of this tournament will ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
New Delhi: Under fire from pro-Khalistan organisations in Canada after inviting Prime Minister Narendra Modi for the G-7 summit, Canadian PM Mark Carney justified his decision by pointing out that India is the fifth largest economy in the world and therefore needs to be part of the summit as a guest country. Also, it is understood that almost all the G-7 member nations were keen on an invite to PM Narendra Modi and may have played a major role in influencing Canada's decision. The summit will present an opportunity for an interaction on the sidelines between Mr Modi and the G-7 leaders. The G ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
Russian President Vladimir Putin has received an invitation to visit India by Prime Minister Narendra Modi, with plans for the visit to be finalized in early 2025. This announcement was made by Kremlin Aide Yury Ushakov during a recent briefing. According to Ushakov, the two leaders have agreed to meet annually, and this time it is Russia's turn to host the meeting. "Our leaders have an agreement to hold meetings once a year. This time, it's our turn," the diplomat noted. "We received Mr. Modi's invitation and we will certainly consider it positively," he stated. Regarding the tentative date ...Read More >
New Delhi [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, "Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Saturday outlined five key global priorities to build disaster-resilient infrastructure, including a skilled workforce, a global digital repository to document best practices and innovative financing. He said that strengthening early-warning systems and coordination is another crucial aspect. Addressing the International Conference on Disaster Resilient Infrastructure 2025 via videoconferencing, Mr Modi noted that India has established a tsunami-warning system benefitting 29 countries and that it recognises the Small Island Developing States (Sida) a ...Read More >
New Delhi: The annual all-India conference of directors general of police and inspectors general of police will begin in Bhubaneswar on Friday where issues related to internal security, Jammu and Kashmir, and pro-Khalistan elements, among others are likely to be discussed, officials said. Prime Minister Narendra Modi, Union Home Minister Amit Shah and National Security Adviser (NSA) Ajit Doval, among others will attend the three-day conference where cyber crimes, challenges posed by AI tools and threats emanating from drones are also expected to be discussed. About 250 officers of DGP and IGP ...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 >
New Delhi: Prime Minister Narendra Modi on Friday announced that he will be attending the G7 Summit later this month in Canada following a phone call from newly elected PM Mark Carney, signalling an improvement in bilateral ties following the changing of the guard in the North American country. The summit will be held in Kananaskis, Alberta, from June 15-17. It will be Modi's maiden engagement abroad since Operation Sindoor, presenting him with an opportunity to highlight the menace of cross-border terrorism at a global forum. In a post on X, Modi wrote, "Glad to receive a call from Prime Mi ...Read More >
New Delhi, Jun 7 (PTI) Prime Minister Narendra Modi on Saturday outlined five key global priorities for him to build disaster-resilient infrastructure, including a skilled workforce, a global digital repository to document best practices and innovative financing. In a video address to the International Conference on Disaster Resilient Infrastructure 2025, Modi said strengthening early-warning systems and coordination is another crucial aspect. He noted that India has established a tsunami-warning system benefitting 29 countries and that it recognises the Small Island Developing States (SIDA) ...Read More >
New Delhi [India], June 7 (ANI): The invitation to Prime Minister Narendra attend the G7 summit in Canada was due and 'had to come' with India being a big geopolitical power, Foreign Affairs Expert Robinder Sachdev said on Saturday. 'Invitation to Prime Minister Narendra Modi for the G7 Summit was due, it had to come. India is too big a power now, geopolitically, economically, and with our common sense in this world which is in the middle of a conflict. India had to be a participant at the table there,' Sachdev told ANI here. Talking about the 'gossip' about Canada not inviting India to the ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...Read More >
New Delhi [India], June 7 (ANI): The invitation to Prime Minister Narendra attend the G7 summit in Canada was due and 'had to come' with India being a big geopolitical power, Foreign Affairs Expert Robinder Sachdev said on Saturday. 'Invitation to Prime Minister Narendra Modi for the G7 Summit was due, it had to come. India is too big a power now, geopolitically, economically, and with our common sense in this world which is in the middle of a conflict. India had to be a participant at the table there,' Sachdev told ANI here. Talking about the 'gossip' about Canada not inviting India to the ...Read More >
Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, 'Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
New Delhi [India], June 7 (ANI): Highlighting the significance of strengthening early warning systems to mitigate risks from disasters, Prime Minister Narendra Modi on Saturday said that coastal regions and islands are at great risk due to natural disasters and climate change. Addressing the International Conference on Disaster Resilient Infrastructure (ICDRI) via videoconference, the Prime Minister said that India in recent times witnessed Cyclone Remal in India and Bangladesh, Hurricane Beryl in the Caribbean, Typhoon Yagi in Southeast Asia, and Hurricane Helene in the United States. 'The ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >
Ottawa/New Delhi, June 6 (SocialNews.XYZ) Prime Minister Narendra Modi on Friday spoke with Canada's new PM Mark Carney, discussing various global issues while also accepting the latter's invitation to attend the G7 Summit in Kananaskis later this month. "Glad to receive a call from Prime Minister Mark Carney of Canada. Congratulated him on his recent election victory and thanked him for the invitation to the G7 Summit in Kananaskis later this month. As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by mutual respect an ...Read More >