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.
LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has directed the introduction of by-laws to ensure a uniform design for shops across the province. During a meeting, she emphasized that once the Punjab Development Programme is completed, the aesthetic quality of every city should meet a high standard. The chief minister approved a development program aimed at improving 189 cities, and it was decided to set up a Project Management Unit for overseeing the initiative. The program will involve construction and development projects carried out in collaboration with the World Bank and the Asian Development Bank. Under the World Bank's Punjab Inclusive Cities Programme (PICP), 15 cities will receive focused development. Additionally, projects for 144 cities have been incorporated into the Annual Development Programme (ADP), aiming to boost urban infrastructure and improve the overall quality of life.
Bengaluru, June 5 (PTI) In a major development, Karnataka Chief Minister Siddaramaiah on Thursday suspended Bengaluru police commissioner B Dayananda and several other senior police officials in connection with the stampede outside the Chinnaswamy Stadium that killed 11 people. He also ordered the arrest of representatives of the RCB team, the event management firm DNA Entertainment Private Limited, and the Karnataka State Cricket Association (KSCA), hours after an FIR was registered against them under various charges, including culpable homicide not amounting to murder. The state government ...Read More >
Bengaluru, June 6 (PTI) Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the sta ...Read More >
Gandhinagar (Gujarat) [India], June 8 (ANI): Gujarat Chief Minister Bhupendra Patel has begun advanced planning to ensure that if urban roads across the state are severely damaged due to heavy rains during this year's monsoon, resurfacing and repair work can begin without delay. For this purpose, the Chief Minister has approved the allocation of a total grant of Rs 107 crore to 149 municipalities across the state from the Mukhyamantri Shaheri Sadak Yojana, under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, according to the release. During the monsoon season, heavy rainfall is like ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Thiruvananthapuram, Jun 27 (PTI) Zumba dance, a high-energy fitness programme introduced in schools in Kerala by the General Education Department as part of its anti-drug campaign, is facing opposition from certain Muslim groups who argue that it goes against moral values. The programme was introduced in schools following a directive from Chief Minister Pinarayi Vijayan, who stated that the dance -- which combines dance and aerobic movements performed to lively music -- would help reduce stress among schoolchildren and, in turn, counter the menace of drug abuse among young people. From this ...Read More >
Chennai/Sivaganga, Jul 1 (PTI) The opposition in Tamil Nadu on Tuesday mounted pressure on the ruling DMK over the custodial death of a temple security guard in the state's Sivaganga district, demanding a CBI probe into the matter, even as the state government initiated action against policemen, including putting the district police chief on "compulsory wait". Also, a DSP was placed under suspension. The matter also came up before the Madras High Court bench in Madurai, which appointed an Enquiry Officer to look into the issue and submit a report on July 8, while allowing a CB-CID probe into ...Read More >
Bengaluru, Jul 1 (PTI) In the wake of recent cases of deaths due to heart attacks in Hassan, Karnataka, Chief Minister Siddaramaiah on Tuesday said that "hasty approval and distribution" of the Covid vaccine to the public could also be a reason for these deaths. He urged everyone to visit the nearest health center immediately for a check-up if they have symptoms such as chest pain or difficulty breathing, and not to ignore these signs. The chief minister said that more than twenty people have died due to heart attacks in the past month alone in just one district of Hassan. "The government i ...Read More >
Bengaluru, Jan 13 (PTI) The Karnataka High Court has dismissed on Monday an appeal by J Deepak and J Deepa, the legal heirs of late Tamil Nadu Chief Minister J Jayalalithaa, seeking the release of her assets confiscated in a 2004 disproportionate assets case. Jayalalithaa was convicted by a special court in 2014 for amassing wealth disproportionate to her known sources of income during her tenure from 1991 to 1996. Following her conviction, her properties were confiscated by the authorities. Although she was acquitted by the Karnataka High Court in 2015, then congress government in Karnataka ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
Chennai, Jun 29 (PTI) A 28-year-old security guard of a temple in Sivaganga district allegedly died when he was being questioned by police in connection with a theft case, and the main opposition AIADMK has demanded a comprehensive probe and legal action against those responsible for his death. AIADMK general secretary Edappadi K Palaniswami strongly condemned what he called "the doll chief minister" and alleged Stalin could not even administer the police department that is under his direct control. In order to facilitate a comprehensive investigation, to bring out the whole truth, a committ ...Read More >
Mysuru, Jun 30 (PTI) Karnataka Chief Minister Siddaramaiah on Monday asserted that the Congress government in the state will remain "as solid as a rock" for five years and maintained that he and Deputy Chief Minister D K Shivakumar share good terms. He also hit out at BJP leaders for claiming he would not inaugurate the world-famous Mysuru Dasara celebrations this year, calling them "experts in lying." These remarks come amid renewed speculation about a possible leadership change in Karnataka later this year. "This government will be as solid as a 'bande' (rock) for five years," Siddaramaiah ...Read More >
Chennai, Jul 1 (PTI) Tamil Nadu Chief Minister M K Stalin on Tuesday said the custodial death of a 29 year-old man in Sivaganga was "unjustifiable," and that no one should experience such a fate. The government will stand by the affected family, he said in a post on 'X.' In his telephonic conversation with the mother of the deceased Ajithkumar, Stalin asked her to stay strong. "I am very sorry, have asked action to be taken, serious action. Stay strong," he told her. The CM shared the video of his telephonic conversation with the family on his 'X' handle. While talking to the brother of th ...Read More >
SHILLONG, July 11: Union Finance Minister Nirmala Sitharaman on Friday highlighted the significant increase in central financial support to Meghalaya over the past decade, particularly in tax devolution. Speaking to the media here, Sitharaman stated that between 2014 and 2024, Meghalaya received Rs 48,883 crore in tax devolution -- a remarkable 572% increase from the Rs 7,273 crore it received during the previous decade (2004-2014). Similarly, grants-in-aid to the state more than doubled, rising from Rs 19,700 crore in 2004-2014 to Rs 40,452 crore in the 2014-2024 period. She emphasised tha ...Read More >
Hyderabad: Chief Minister A. Revanth Reddy has raised serious concerns over the increasing financial burden on the state government due to the high interest rates on loans inherited from the previous BRS administration. In a meeting with Prof. S. Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), the CM spoke of the difficulty in loan repayment which, he said, was significantly hindering the state's development. The Chief Minister requested the Centre's cooperation in reducing the burden of these high interest rates and rescheduling of the loans, as the re ...Read More >
Thiruvananthapuram, Jun 6 (PTI) The Kerala Government's decision to change Bakrid holiday triggered a political row in the state on Friday with the Indian Union Muslim League (IUML) accusing it of attempting to implement "communal agenda and fascism" in the state. Originally Friday (June 6) was marked as holiday for Bakrid. However, following the reports that the festival would be celebrated on Saturday across the state, on Thursday, the Kerala government announced that Saturday, June 7, will be a public holiday for Bakrid. As per the change, government also declared that June 6 (Friday) wou ...Read More >
Bhubaneswar: The Odisha Cabinet on Friday decided to implement two new schemes for the development of biotechnology and to enhance urban infrastructure. The Cabinet also gave its nod to a proposal to float a tender for Chheligada multipurpose medium irrigation project in Gajapati district. These proposals were approved at the Cabinet meeting chaired by Chief Minister Mohan Charan Majhi. "The two new schemes, named 'Development of Biotechnology' and 'Mukhya Mantri Sahari Bikash Yojana (MSBY)', aimed at creating employment and strengthening the State's economy," Chief Secretary Manoj Ahuja told ...Read More >
Kochi, Jun 8 (PTI) A war of words erupted between Kerala Industries Minister P Rajeev and well-known industrialist Sabu M Jacob over the business environment and investment friendliness in the state. While Rajeeve took a dig at Jacob saying that those who had announced to shift their business from the state were still continuing here, Kitex Groups chairman Sabu Jacob gave a sharp reply saying that Kerala is not the "paternal property" of anybody. The minister and the businessman crossed swords a day after a delegation of Andhra Pradesh government visited Jacob here and invited him to invest ...Read More >
Bengaluru, Jul 8 (PTI) The Karnataka government has said that it has approved the release of Rs 244.10 crore to cover additional expenses such as wholesale and retail margins and transportation charges under the Annabhagya scheme for the months of February to May, 2025. This fund allocation comes in addition to a previously released grant of Rs 2,082.99 crore, which was meant for the purchase of an extra five kg of rice per beneficiary and other related costs for the four-month period, a government order issued on Monday said. The order was issued as the lorry owners transporting rice and ot ...Read More >
VIJAYAWADA: Andhra Pradesh Capital Region Development Authority (APCRDA), in the presence of Chief Minister Nara Chandrababu Naidu, has entered into a memorandum of understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS). With this, NaBFID will act as a strategic adviser to help APCRDA in designing a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh. Among others, the banking institution will assist CRDA in formulating financial strategy and evaluating v ...Read More >
Bengaluru, Jul 14 (PTI) Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister D K Shivakumar and several political leaders have expressed grief over the death of veteran South Indian actress B Saroja Devi, remembering her as "Abhinaya Saraswati", as she was fondly addressed. Saroja Devi died on Monday at her residence in Malleswaram, Bengaluru. She was 87. She has worked in over 200 Tamil, Kannada, Telugu, and Hindi films. Siddaramaiah, in his condolence message posted on X, said her departure is a great loss to the Indian cinema. "The news of the death of veteran Kannada actress B ...Read More >
Bhubaneswar: The state cabinet, under the chairmanship of chief minister Mohan Charan Majhi, on Friday approved a comprehensive five-year biotechnology development scheme with an outlay of Rs 1,113.50 crore. The programme will be implemented from 2025-26 to 2029-30.The 'Development of Biotechnology' initiative, comprising 17 sub-schemes, aims to transform Odisha into a knowledge-driven bio-economy by leveraging the state's rich biodiversity and existing research infrastructure."This scheme will create a robust ecosystem for innovation, incubation and investment in the biotechnology sector," a ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Thiruvananthapuram, Jun 30 (PTI) The health condition of former Kerala Chief Minister V S Achuthanandan remains critical, as his blood pressure and kidney function are yet to become normal even several days after getting admitted to a private hospital here, doctors said on Monday. According to the latest medical bulletin issued by the hospital, the veteran Marxist leader is responding to medication. However, his blood pressure and kidney function are still not stable, it said. The 101-year-old leader was admitted to the hospital last week and is being treated in the intensive care unit by a ...Read More >
Bengaluru, Jul 11 (PTI) In the wake of Karnataka Chief Minister Siddaramaiah asserting that he would complete his five years' tenure, his deputy D K Shivakumar on Friday said the CM has replied to all the questions on the matter. "The Chief Minister has already answered all your questions. It's not appropriate for me to keep repeating the same, and it's not right for you to keep asking," Shivakumar told reporters at the Bengaluru airport, upon his return from New Delhi. Both Siddaramaiah and Shivakumar were in the national capital to meet the Congress high command earlier this week. "Why ar ...Read More >
Bengaluru, Jul 14 (PTI) 'Sakthi' scheme, announced by the Congress government in Karnataka, providing free bus travel for women, crossed the 500 crore free rides mark on Monday, official sources said. Chief Minister Siddaramaiah, Deputy CM D K Shivakumar, and Transport Minister Ramalinga Reddy celebrated the occasion by issuing 500th crore free ticket to a woman passenger here. 'Shakti' scheme, which provides free bus travel for all women domiciled in the state, is among the five guarantee schemes implemented by the Congress government on coming to power. Launched on June 11, 2023, the sche ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Gandhinagar (Gujarat) [India], June 8 (ANI): Gujarat Chief Minister Bhupendra Patel has begun advanced planning to ensure that if urban roads across the state are severely damaged due to heavy rains during this year's monsoon, resurfacing and repair work can begin without delay. For this purpose, the Chief Minister has approved the allocation of a total grant of Rs 107 crore to 149 municipalities across the state from the Mukhyamantri Shaheri Sadak Yojana, under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, according to the release. Also Read | Encroachers Can't Claim Right To Cont ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Hyderabad, Jul 10 (PTI) Hyderabad Cricket Association president A Jagan Mohan Rao and four others were arrested by the Telangana CID on Thursday in connection with a case of embezzlement, police said. Besides Jagan Mohan Rao, HCA Treasurer C Srinivas Rao, CEO Sunil Kante, and two others have been arrested, they said. "Five have been arrested over embezzlement of funds, mismanagement, among other charges," a top police official told PTI. The HCA office bearers were taken into custody by the CID on Wednesday following allegations levelled against Jagan Mohan Rao and others by the Sunrisers Hy ...Read More >