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.
Bokaro Steel Plant inaugurated the "SAIL Cricket Championship 2024-25," aligning with SAIL's commitment to promoting sports across its units. The tournament, running from November 26 to 30, 2024, is being held at Sector 4 Cricket Stadium and Trainees' Hostel Ground No. 1, with eight teams from various SAIL units competing. The championship was inaugurated by new Executive Director (HR), Rajashree Banerjee, in the presence of dignitaries, including Chief General Manager (Town Administration) Kundan Kumar, General Manager (Public Health) A.K. Avinash, General Manager (Liaison & Administration) C.R.K. Sudhanshu, and Assistant General Manager (S&CA) Subhash Rajak. Representing SAIL Corporate Office, DGM (Sports) Saurabh Shukla served as the event observer. The league matches on the opening day brought excitement to the championship. Rourkela Steel Plant secured an impressive 70-run victory against VISL Bhadravati, while ISP Burnpur triumphed over Durgapur Steel Plant with a 5-wicket win. The tournament's final match is scheduled for November 30, 2024. The championship aims to foster sportsmanship, teamwork, and collaboration among SAIL employees. With players and spectators alike showing great enthusiasm, the event promises thrilling matches in the coming days. .......
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Bhubaneswar: Union Minister for Steel and Heavy Industries H D Kumaraswamy on Thursday inaugurated a two-day workshop (Chintan Shivir) in Bhubaneswar for an intensive dialogue on the future of India's steel industry. In his address, Kumaraswamy expressed gratitude to Prime Minister Shri Narendra Modi for his strategic leadership, guiding the domestic steel industry on a path of resilience and growth. He underlined the pivotal role of the steel sector in nation-building and reiterated the government's commitment to strengthening capacity, fostering innovation and promoting self-reliance. He a ...Read More >
New Delhi, April 4 (SocialNews.XYZ) The Steel Authority of India Limited (SAIL) has played a pivotal role in the construction of 'INS Taragiri' -- the fourth stealth frigate under Project 17A -- which was commissioned into the Indian Navy recently, the Maharatna PSU said on Saturday. The 6,670-tonne frigate was commissioned in the presence of Defence Minister Rajnath Singh at Visakhapatnam. Designed by the Navy's Warship Design Bureau and built by Mazagon Dock Shipbuilders Limited, the vessel is equipped for multi-role operations and features advanced stealth capabilities. According to SAIL ...Read More >
Earlier this year, SAIL had announced ambitious plans to more than double the plant's capacity from its current level to around 9 million tonnes per annum (MTPA). Union minister H D Kumaraswamy on Tuesday inaugurated a modern steel-making facility at SAIL's Rourkela Steel Plant (RSP), and underscored the project's importance for the region's socio-economic development. The Union Minister of Steel and Heavy Industries was accompanied by Jual Oram, the Union Minister of Tribal Affairs, on his two ...Read More >
New Delhi, April 4: The Steel Authority of India Limited (SAIL) has played a pivotal role in the construction of 'INS Taragiri' -- the fourth stealth frigate under Project 17A -- which was commissioned into the Indian Navy recently, the Maharatna PSU said on Saturday. The 6,670-tonne frigate was commissioned in the presence of Defence Minister Rajnath Singh at Visakhapatnam. Designed by the Navy's Warship Design Bureau and built by Mazagon Dock Shipbuilders Limited, the vessel is equipped for multi-role operations and features advanced stealth capabilities. 4,000 tonnes of defence-grade ste ...Read More >
New Delhi, Nov 20 (PTI) Parents and friends of a Class 10 student who ended his life over alleged mental harassment by some teachers staged a protest outside the St Columba's school on Thursday, demanding strict action against the accused teachers and accountability from the private school. There was no immediate reaction from the school administration to the allegations. The victim student's aunt claimed the family had been unaware of the extent of his suffering. "He was depressed for so long. He kept complaining, but we stayed quiet because he was in Class 10. He even told his school coun ...Read More >
New Delhi, Oct 6 (PTI) State-owned SAIL has catered to the 100 per cent requirement of special grade steel for the Indian Navy's vessel, Androth, which was commissioned on Monday. The second Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) was commissioned during a ceremonial event at the Naval Dockyard at Visakhapatnam in Andhra Pradesh. The induction of Androth will enhance the Navy's overall Anti-Submarine Warfare capabilities, particularly for operations in coastal and shallow waters. In a statement, SAIL said, "It has supplied the entire requirement of special grade steel for the IN ...Read More >
NEW DELHI: The Steel Authority of India Limited (SAIL) organized the SAIL-Defence Customer Conclave 2025 at its Alloy Steels Plant (ASP) in Durgapur on June 4, reinforcing its strategic role in strengthening India's defence manufacturing capabilities. The conclave was a key initiative to deepen engagement with Defence Public Sector Undertakings (DPSUs) and align with the Government of India's Atmanirbhar Bharat mission. The event brought together senior representatives from major defence establishments, including ordnance factories, and focused on critical themes such as indigenisation, impor ...Read More >
New Delhi: India's steel sector has taken another step toward decarbonization as SAIL Bokaro Steel Plant begins a hydrogen injection project in its blast furnace. The initiative follows the signing of an agreement with Forbes Marshall Private Limited and aligns with the country's broader push for sustainable industrial growth. The announcement, shared by the Ministry of Steel, Government of India, highlights India's growing focus on reducing carbon emissions from heavy industries. Steel production is traditionally carbon-intensive due to its reliance on coal-based reducing agents in blast fur ...Read More >
Rourkela Steel Plant (RSP), a unit of the Maharatna company Steel Authority of India Limited (SAIL), has registered its best-ever performance in 2025-26, achieving record output across key production units and setting new benchmarks in techno-economic efficiency. Sources said the plant posted its highest-ever April-March performance in blast furnace operations, with both blast furnace-1 and 5 recording peak production levels. Blast furnace-1 produced 10.7 lakh tonnes of hot metal, while blast furnace-5 achieved 32.46 lakh tonnes, surpassing its previous output of 31.32 lakh tonnes in the corr ...Read More >
KOLKATA: An FIR has been lodged against Hasin Jahan, the estranged wife of cricketer Mohammed Shami and Arshi Jahan, Hasin's daughter from her first marriage at Suri in Birbhum district in West Bengal. A few days ago, a conflict erupted over a plot of land in the Sonator area under ward no. 5 of Suri Municipality. The land reportedly belongs to Arshi and it is alleged that neighbor Guddu Bibi was trying to encroach that land. It is alleged that after the construction work started on the land on Friday last week, Hasin started beating up her neighbour. The locals captured the scene on camera. ...Read More >
BHUBANESWAR: With President Droupadi Murmu likely to visit Rourkela on April 21, Union Tribal Affairs minister Jual Oram on Tuesday met Chief Minister Mohan Charan Majhi at Lok Seva Bhawan here to review key development initiatives in the steel city. Speaking to reporters after the meeting, Oram said the discussion focused on accelerating major infrastructure and industrial projects in Rourkela with particular emphasis on expansion of Rourkela Steel Plant and upgradation of Rourkela Airport. On the steel plant expansion, Oram said land acquisition is progressing satisfactorily. High-level me ...Read More >