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.
Mumbai, June 27 (SocialNews.XYZ) To ensure fair market prices and increased income for farmers, the Maharashtra government, on Friday, launched a hedging desk in Pune under the first phase of the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project, officials said. This desk will initially focus on cotton, turmeric and maize crops. Over a period of time, the initiative will be expanded to include more crops, officials added. With the support of the National Commodity and Derivatives Exchange (NCDEX) and its research wing NCDEX Institute of Commodity Markets and Research (NICR), this initiative aims to help farmers avoid losses due to market price fluctuations. Chief Minister Devendra Fadnavis described it as a major step forward for the development of the agriculture sector. A formal agreement was signed between NCDEX and the SMART Project for establishing this hedging desk. Special focus will be given to Farmer Producer Organisations (FPOs) and farmers in regions cultivating cotton, turmeric and maize, particularly in Hingoli, Washim, Sangli, Yavatmal, Akola, Nanded, Amravati, Chhatrapati Sambhajinagar, and Beed. The project is headquartered in Pune, and operations have commenced across the state. "Hedging and Options Trading in selected agricultural commodities are expected to deliver significant benefits for the farmers across the state. For instance, a farmer uncertain about future market prices at the time of sowing can lock in a price using options trading. This guarantees a minimum selling price, insulating them from market volatility. Ultimately, this helps farmers secure stable income, plan better financially, and feel more confident about investing in agriculture," said the government in a statement. The hedging desk will work with FPOs and Cluster-Based Business Organisations to provide technical insights on commodity contracts and risk management strategies. More than 3,000 farmers will be trained in hedging tools and strategies. The desk will provide real-time market intelligence on trends, supply-demand changes, and global prices. It will also promote setting up storage centres near farms through FPOs. A Risk Management Cell will analyse different risk types and formulate mitigation strategies. It will publish Annual Commodity Price Risk Assessment Reports for cotton, maize, and turmeric, offering current insights, forecasts, and policy recommendations. Awareness and training programs on commodity derivatives will also be conducted, said the government statement. Additionally, at least 50 FPOs involved in the production and marketing of cotton, maize, and turmeric will be registered and facilitated to trade in the futures market.
Jalna, December 17: Activist Manoj Jarange on Tuesday announced that he would launch an indefinite fast on January 25, 2025, to press for the Maratha community's demands, including reservation in jobs and education under the OBC category. Addressing the media at Antarwali Sarthi village in Jalna, Jarange urged members of the Maratha community to gather in large numbers at the protest site. "No one should stay at home. Come to Antarwali Sarthi, and let us show our collective strength," he said. The 42-year-old activist has been demanding the implementation of a draft notification that recognis ...Read More >
Mumbai (Maharashtra) [India], January 22 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde called the Pushpak Express accident "unfortunate" and said that he has spoken with the collector and officials over the same. "The Jalgaon incident is very unfortunate. I have collected details on it. I have spoken with the collector and officers. The injured have been admitted to the hospital. A rescue operation is underway at the spot. The government is providing all help to everyone," said the deputy CM. Notably, the death toll in the Jalgaon train accident has risen to 11, with six others inju ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Traffic Diversions for oath-taking: The swearing-in ceremony of the new Maharashtra Chief Minister will be held at Azad Maidan in South Mumbai tomorrow, December 5. Mumbai Traffic Police has issued an advisory in view of the event. The traffic diversions will remain in place from 12 PM tomorrow till the end of the programme. Devendra Fadnavis was on Wednesday unanimously elected as Maharashtra BJP legislature party's leader, paving the way for his swearing-in as the chief minister for a third time. Prime Minister Narendra Modi and other BJP leaders are set to attend the grand swearing-in cerem ...Read More >
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its October policy, only to pare it to 6.8%. Growth in gross value added (GVA), which is the preferred measure ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Thursday dismissed Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav's statement about keeping alliance doors open for Bihar Chief Minister Nitish Kumar. Calling it a mere fantasy, Fadnavis said, "The dreams of Lalu Yadav will always remain dreams (Mungeri Lal ke Haseen Sapne hi rahenge). They will never be fulfilled." This reaction came after Lalu Yadav expressed his willingness to welcome Nitish Kumar back into the opposition fold, while Union Minister and JDU leader Lallan Singh reiterated the party's commitment to the National Dem ...Read More >
New Delhi, May 22 (PTI) Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. This would help optimize the spacing between expiries and avoid designating either the first or last day of the week as the expiry day. Talking to reporters, Pandey said, "Right now, wh ...Read More >
Mumbai: Shiv Sena (UBT) leader Sanjay Raut on Tuesday claimed that caretaker Maharashtra Chief Minister Eknath Shinde was sulking and throwing tantrums at BJP leader Devendra Fadnavis with the backing of the "superpower in Delhi", an apparent reference to BJP's top brass. Talking to reporters in New Delhi, Raut described the delay in the formation of a government in Maharashtra as anarchic. He said it has been more than 10 days since the assembly election results were declared, but no party or alliance which has got a complete majority, has either staked claim to form the government or has gi ...Read More >
Mumbai: Two days ahead of the Maharashtra government formation, top sources have said that Eknath Shinde's Shiv Sena is likely to be allotted eight portfolios including the Urban Development Ministry. Sources also said that Ajit Pawar's NCP will retain the Finance Ministry. Sources have further said that there is no dispute between Shiv Sena and the BJP over the Chief Minister's which is yet to be revealed by the Mahayuti alliance. Meanwhile, reports are doing the rounds that Sena wants swearing in of its ministers on December 5 itself, along with oath taking of Chief Minister and Deputy Chie ...Read More >
Maharashra: Devendra Fadnavis, Eknath Shinde, Ajit Pawar stake claim to form govt, swearing-in to be held tomorrow BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the.. DNA 21 hours ago Eknath Shinde Resigns as Maharashtra CM, Speculation Over Mahayuti Alliance's Next Leadership Choice Eknath Shinde has stepped down as the Chief Minister of Maharashtra following the Mahayuti alliance's resounding victory in the assembly elections. Shinde submitted his resignation to Governor C P Radhakris ...Read More >
Nagpur, Dec 15 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday slammed the opposition parties, accusing them of not believing in the Constitution. Fadnavis landed in Nagpur to a grand welcome from party workers and people. Talking to reporters at Nagpur airport, Fadnavis said, "It is a joyous moment that after becoming the chief minister, I have come to my janmabhoomi and karmabhoomi (birthplace and workplace). Nagpur is my family, and it is welcome by my family." Fadnavis took oath as the chief minister for the third time on December 5 after the Mahayuti combine swept the Novem ...Read More >
Jalgaon (Maharashtra) [India], January 22 (ANI): Maharashtra Chief Minister Devendra Fadnavis announced Rs 5 lakh ex gratia to the families of the victims who died in the Jalgaon train accident on Wednesday. The state government will also bear all the medical expenses of the injured, the CM said. Atleast 11 people have died and 6 others injured after Karnataka Express hit passengers in the Jalgaon district of Maharashtra. Also Read | 'Deeply Distressing': Maharashtra CM Devendra Fadnavis Mourns Loss of Lives After 8 Killed, Several Injured in Jalgaon Train Tragedy. The passengers of the Pus ...Read More >
Mumbai, Jan 22 (PTI) The rupee appreciated 23 paise to close at 86.35 against the US dollar on Wednesday, supported by positive domestic equities and soft American currency index. Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape. Moreover, the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank foreign exchange, the rupee opened at 86.56 against the greenback. During the day, the local unit touche ...Read More >
Mumbai, Jan 31 (VOICE) The Maharashtra government on Friday formed a special investigation team (SIT) to probe the conspiracy allegedly hatched to frame Chief Minister Devendra Fadnavis (who was then the leader of opposition in the state assembly) and his current deputy Eknath Shinde in a false case during the Maha Vikas Aghadi (MVA) government was in power. Fadnavis was then Leader of Opposition in the assembly while Shinde was a member of the Uddhav Thackeray Cabinet holding the urban development ministry. Shinde, however, rebelled against Thackeray, and after the collapse of the MVA governm ...Read More >
Thane, Dec 26 (VOICE) A couple has been arrested in connection with the abduction, rape and murder of a 13-year-old girl in Maharashtra's Thane district. Coming barely after the Badlapur sexual assault on two nursery class girls in August, this is the second case that has sparked outrage with people demanding the noose for the alleged perpetrators - Vishal Gawli, 35 and his wife Sakshi Gawli, 25. Vishal Gawli is accused of kidnapping the girl from near her home, where she was playing on Monday, taking her to his house, assaulting, raping, killing and then dumping her body near a cemetery in ...Read More >
Mumbai (Maharashtra) [India], February 7 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Friday rejected Leader of Opposition and Congress leader Rahul Gandhi's allegation of alleged discrepancies in the 2024 Maharashtra assembly election stating that the Opposition leader, aware of his party's imminent defeat in Delhi election results was attempting to "cover fire." Earlier today addressing a press conference in the national capital Rahul Gandhi flanked by Supriya Sule and Sanjay Raut had alleged that over 39 lakh voters were added to Maharashtra's electoral rolls within a span of fiv ...Read More >
Mumbai: Shiv Sena leader Uday Samant on Thursday said no MLA from the party will accept any responsibility in the new Maharashtra government if Eknath Shinde does not take oath as deputy chief minister. Talking to reporters hours ahead of the swearing-in ceremony, Samant also said no MLA from the Shiv Sena has the intention to become deputy CM and the post should be occupied only by Shinde. Shiv Sena head Eknath Shinde, who served as chief minister in the outgoing government, has indicated that he is reluctant to join the new government as deputy CM. BJP Legislature Party Leader Devendra Fa ...Read More >
Mumbai, Dec 5 (PTI) BJP legislature party leader Devendra Fadnavis will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony here to be attended by Prime Minister Narendra Modi and several other dignitaries. Fadnavis, who would be occupying the CM's post for the third time, along with two deputy chief ministers will take the oath of office, BJP leader Sudhir Mungantiwar told reporters, adding that other members of the cabinet will take oath later. Nationalist Congress Party chief Ajit Pawar and Shiv Sena chief Eknath Shinde are expected to take oath as ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
Mumbai, Dec 12 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday said the government promptly made an arrest after a replica of the Constitution was damaged in Parbhani, yet violent protests took place which was unacceptable. The accused, who allegedly damaged the replica, was a mentally unstable man, Fadnavis told reporters in Delhi. A bandh was called on Wednesday after the glass-encased replica of the Constitution near Dr B R Ambedkar's statue outside the Parbhani railway station was found damaged the previous evening. But the shut-down took a violent turn when a mob indulged ...Read More >
Mumbai, Dec 17 (PTI) Senior NCP leader Chhagan Bhujbal on Tuesday launched a veiled attack on party president Ajit Pawar over his exclusion from the new council of ministers, claiming Maharashtra Chief Minister Devendra Fadnavis was in favour of his induction in the cabinet. He said Ajit Pawar, the NCP president, makes decisions for the party like Fadnavis for the BJP and Eknath Shinde for the Shiv Sena. Amid speculation over his "Jahan nahi chaina, wahan nahi rehna" remark a day before, Bhujbal said he would speak on Wednesday after discussing with NCP workers and people from the Yeola cons ...Read More >
Jalgaon (Maharashtra) [India], January 22 (ANI): Maharashtra Chief Minister Devendra Fadnavis announced Rs 5 lakh ex gratia to the families of the victims who died in the Jalgaon train accident on Wednesday. The state government will also bear all the medical expenses of the injured, the CM said. Atleast 11 people have died and 6 others injured after Karnataka Express hit passengers in the Jalgaon district of Maharashtra. The passengers of the Pushpak Express had stepped outside their coaches due to a suspected fire on the train, and while outside the Karnataka Express passed through the adj ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Mumbai: Outgoing Maharashtra Chief Minister Eknath Shinde in a media briefing at Mahayuti meet on Wednesday avoided questions about whether he would accept the Deputy Chief Minister position in the new government. Shinde made a witty remark at Ajit Pawar and laughed aloud while cracking the joke. When asked if he and NCP chief Ajit Pawar will also take oath as Deputy CMs tomorrow, Shiv Sena chief Eknath Shinde said, "Wait till evening..." In response, NCP chief Ajit Pawar remarked, "Sham tak unka samaj aayega, I will take it (oath), I will not wait." Responding to NCP chief Pawar, Shinde sa ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Bharatiya Janata Pary (BJP) leader Devendra Fadnavis said on Wednesday that Maharashtra Governor CP Radhakrishnan has invited the Mahayuti alliance to form the next government and the oath taking ceremony will take place tomorrow. Fadnavis said the Mahayuti leaders met the Governor and handed over letters of support. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. Fadnavis along with Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met ...Read More >
Mumbai: Bringing an end to the 10-day-long nail-biting haul since the Mahayuti's win in the Maharashtra elections, Devendra Fadnavis (54) will be sworn in as Chief Minister at Mumbai's historic Azad Maidan at 5.30 pm on Thursday, December 5. His swearing-in comes a day after he was elected leader of the Bharatiya Janata Party's (BJP) legislative party unit in the presence of party supremos. Devendra Fadnavis was born on July 22, 1970. His father, Gangadharrao Fadnavis, was a member of the Maharashtra Legislative Council from Nagpur, and his mother, Sarita Fadnavis, was a former director of th ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...Read More >
New Delhi [India], December 12 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday met Union Home Minister Amit Shah at his residence in the National Capital and presented him with an idol of Vinayak Damodar Savarkar. "It was an absolute pleasure to meet and interact with Hon Union and Cooperation Minister Amitbhai Shah at his residence in New Delhi. Also presented him a 'murti' of SwatantryaVeer Vinayak Damodar Savarkar," the Chief Minister posted on X (formerly Twitter). Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts ...Read More >