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.
Bengaluru: Vijay Mallya, the ex-owner of Royal Challengers Banglore (RCB) and former chief of Kingfisher Airlines, has addressed each allegation he faced during the past nine years. In a four-hour-long podcast, Mallya shared about his ambitions for the RCB franchise. Among several such topics, he also opened up about the famous penthouse perched atop Kingfisher Towers in Bengaluru.
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will not let any misuse of the official machinery and second, in case any official is found to be misusing ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
Adar Poonawalla exploring bid for RCB? sparks speculation with X post According to a source of CNBC-TV18, Adar Poonawalla, the CEO of Serum Institute of India, was in negotiations with Diageo Plc, the owners of Royal Challengers Bengaluru (RCB), to potentially purchase the Indian Premier League's (IPL) 2025 champion. It is still unclear at this time whether Diageo Plc intends to sell all of its shares in RCB. United Spirits is owned by Diageo Plc. Also Read | 'Senseless and headless chicken ma ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
New Delhi: Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the Kempegowda International Airport. The police also arrested Kiran Kumar (Senior Event Manager) and Sunil Mathew (Vice President - Business Affairs), who were working for DNA E ...Read More >
Bengaluru, June 8 (PTI) Karnataka BJP legislators and Parliamentarians held a protest here on Sunday, demanding the resignation of Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar over the stampede in Bengaluru that claimed 11 lives. The protest held in front of the Mahatma Gandhi statue at Vidhana Soudha premises here was led by the leader of opposition in legislative assembly and council R Ashoka and Chalavadi Narayanaseamy. The BJP leaders called for legal action against the two senior Congress leaders, holding them directly responsible for the tragedy. Carrying placa ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Former Karnataka Deputy Chief Minister and MP Govinda Karajola has criticised Chief Minister Siddaramaiah and alleged that the Karnataka government was working as a brand ambassador for companies with economic offences. Speaking to the media today at the BJP state office, Jagannath Bhavan, he said that 11 people died in the stampede that occurred at the RCB victory ceremony, and Siddaramaiah's government is directly responsible for this tragedy. Also Read | JP Nadda Slams Rahul Gandhi's 'Match-Fixing' Claims As 'Desperation of Losing' Maharashtra ...Read More >
Royal Challengers Bengaluru (RCB)'s IPL 2025 title-winning celebrations turned awry on Wednesday when at least 11 people died and another 50 were injured in a massive stampede outside the M. Chinnaswamy Stadium in Bengaluru. The stampede had occurred amidst a huge crowd gathered to attend a bus parade, which had been planned just hours after the team had beaten Punjab Kings (PBKS) in the final on Tuesday. In light of the incident, four RCB officials have been arrested, with RCB marketing and revenue chief Nikhil Sosale among them. According to the police, Sosale was on his way to Mumbai when ...Read More >
New Delhi, June 6: Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. Bengaluru Stampede: Police Arrest RCB's Marketing Head Nikhil Sosale, Event Management Company Officials in Aftermath of Tragedy During IPL 2025 Victory Celebrations. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the ...Read More >
New Delhi: Vijay Mallya, once dubbed the "King of Good Times", recently grabbed headlines after his first interview since 2013, in a conversation with podcaster Raj Shamani, where he discussed a wide range of topics. In his four-hour-long video podcast aired on Thursday, Mallya claimed he made four settlement offers between 2012, following the collapse of the now-defunct Kingfisher Airlines, and 2015, which the banks "refused to accept". After taking up the role of United Breweries Group chairman at the age of 28, the liquor baron expanded into various sectors, including aviation, beverages, ...Read More >
Bengaluru: Karnataka chief minister Siddaramaiah on Sunday claimed that he became aware of the deaths caused by the stampede outside Chinnaswamy Stadium only at 5.45 pm on June 4, the day Royal Challengers Bengaluru (RCB) held their IPL victory celebrations. The tragedy resulted in 11 fatalities and over 56 injuries. "I came to know that deaths happened at 5.45 pm. At 3.50 pm, deaths were reported at the hospital, but I came to know about it only at 5.45 pm. Until that point, I was not aware of deaths taking place due to the stampede. I have taken action against whoever has done wrong," Sidda ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Former Karnataka Deputy Chief Minister and MP Govinda Karajola has criticised Chief Minister Siddaramaiah and alleged that the Karnataka government was working as a brand ambassador for companies with economic offences. Speaking to the media today at the BJP state office, Jagannath Bhavan, he said that 11 people died in the stampede that occurred at the RCB victory ceremony, and Siddaramaiah's government is directly responsible for this tragedy. 'Therefore, if Siddaramaiah has any morals, he should resign and apologise to the people of the state,' ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Former Karnataka Deputy Chief Minister and MP Govinda Karajola has criticised Chief Minister Siddaramaiah and alleged that the Karnataka government was working as a brand ambassador for companies with economic offences. Speaking to the media today at the BJP state office, Jagannath Bhavan, he said that 11 people died in the stampede that occurred at the RCB victory ceremony, and Siddaramaiah's government is directly responsible for this tragedy. 'Therefore, if Siddaramaiah has any morals, he should resign and apologise to the people of the state,' ...Read More >
Former Indian League (IPL) owner Lalit Modi hosted an annual summer party in London with his 310 friends and family, and one of the attendees was none other than his "good friend" Vijay Mallya. Lalit Modi shared a video of the grand party at his house in London. "Had an amazing night with 310 friends and family a lot who travelled specially for this event thank you to one and all who attended this evening and made it one of the most special night for me," he said on Instagram. The attendees included Indian singer Carlton Braganza and former cricketer Chris Gayle, who was seen signing a bat f ...Read More >
Indian Premier League's (IPL) founder Lalit Modi recently opened up about how Royal Challengers Bengaluru (RCB) was at one point not being acquired. Modi, currently based in the UK, praised RCB's recent title win in IPL 2025 and reflected on the franchise's surprising inception in 2008. Modi disclosed that the flamboyant businessman and former RCB owner, Vijay Mallya, had originally planned on owning the Mumbai franchise but was outbid by the Ambanis. He revealed that he later got Bengaluru rightfully as it was his home city. The IPL founder also mentioned that Mallya was the first person to ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the Kempegowda International Airport. The police also arrested Kiran Kumar (Senior Event Manager) and Sunil Mathew (Vice President - Business Affairs), wh ...Read More >
Bengaluru: A letter written by the DCP of the Vidhana Soudha security division to the state government has revealed serious concerns over organising a felicitation ceremony for Royal Challengers Bangalore (RCB) players at the iconic steps of the Karnataka state legislature. The DCP warned that the rushed planning of the event could jeopardise security arrangements due to the expected massive turnout of fans. Following a request from the Karnataka State Cricket Association (KSCA) to host a felicitation ceremony for the RCB team at the Vidhana Soudha, the government sought inputs from the secur ...Read More >