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.
New Delhi The Andhra Pradesh government on Wednesday told the Solar Energy Corporation of India (SECI) that it has granted extension to the Adani Green Energy (AGSL) till December 25, 2024 for supply of renewable energy to the state. Sources told businessline that Andhra Pradesh government's communication to the renewable energy implementing agency (REIA) said that they have agreed to give a second extension to AGEL. The first extension was given in January-February 2024. As per the bids secured by AGEL, the renewable energy producer was to supply a total of 7 gigawatts (GW) of power to the State, which was divided into three parts -- 3 GW each by 2024 and 2025 and 1 GW by 2026. First 3 GW tranche AGEL had to provide the first 3 GW tranche by March 2024, the delay to which was informed by the company to the state government in January-February due to transmission capacity constraints. They were given an extension till September 2024. AGEL had again sought an extension to this deadline till December 25, 2024 citing issues related to availability of transmission capacity. The State agreed to this extension as well, sources added. When contacted, a spokesperson for AGEL said: "Scheduled completion date (SCOD) of renewable project under SECI PPAs is constrained by end-to-end evacuation availability and readiness. In this particular case, the estimated availability of the transmission system as updated on CTUIL website (https://www.ctuil.in/ists-joint-coordination-meeting) is April 2025 and then in January 2026 for 1GW each." "Recognizing the above delay, SECI has extended the SCOD dates for our project to match with above timelines and we are fully committed to supply energy under the PPAs from such a new SCOD timeline," he said. businessline also reached out to SECI, which did not comment on the issue till the time of going to the press. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on November 27, 2024
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Kolkata, Jan 21 (VOICE) The West Bengal government on Tuesday approached the Calcutta High Court, challenging the special court's verdict sentencing Sanjay Roy, convicted in the rape and murder of a junior doctor of state-run R.G. Kar Medical College and Hospital, to life imprisonment. State Advocate General Kishor Datta has approached the division bench of Justice Debangshu Basak and Justice Shabbar Rashidi seeking a "death penalty" for the convict. The division bench has admitted the petition from the state government. After the court pronounced the quantum of sentence, Chief Minister Mama ...Read More >
Mumbai, May 20 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Tuesday paid tribute to veteran astronomer, science writer, and Maharashtra Bhushan awardee Dr Jayant Narlikar, acknowledging his immense contribution to popularising science through his writings. In a condolence message shared on X, CM Fadnavis said, "The news of the passing of senior astronomer and science writer Dr Jayant Narlikar is deeply saddening. He played a crucial role in spreading scientific awareness by creating rich literature on scientific subjects. For this, he received numerous accolades at the global level. H ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...Read More >
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the "yellow media" for biased reporting in favour of the ruling party. "I am not only fighting against Chandrababu Naidu but also against the 'yellow media'," Reddy said in a press conference. ...Read More >
Bengaluru (Karnataka) [India], May 27 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Tuesday said that the State government will take action against BJP MLC N Ravikumar for his derogatory comments against Kalaburagi Deputy Commissioner. Shivakumar said that many IAS officers had met him on this issue, and they were all enraged by the BJP MLC's comments. 'Since morning, more than half a dozen IAS officers have met me. They are all in a very agitated mood. The law will take its course. The government will take action,' Shivakumar told ANI. He wanted the BJP leadership to react to the ...Read More >
Meghalaya government introduced the Draft Meghalaya Film Tourism & Creative Media Policy 2025. Chief Minister Conrad K. Sangma disbursed Hello Meghalaya Grants to local filmmakers. The government aims to empower youth through creative platforms. The film policy offers financial incentives and skill development projects. Public feedback is welcome until June 20, 2025. Guwahati: Meghalaya chief minister Conrad K. Sangma unveiled the Draft Meghalaya Film Tourism & Creative Media Policy 2025 and dis ...Read More >
New Delhi, June 1 (IANS) The PM SVANidhi scheme, which started off as a micro-credit scheme during the Covid-19 pandemic, to help the street vendors and small businesses survive and sustain their ventures in trying times, has another side to it. Many beneficiaries, who got funds under this scheme, utilised it to build lasting enterprises, [...] Andhra launches efforts to evacuate Telugus stranded in Sikkim Amaravati, June 1 (IANS) The Andhra Pradesh government has initiated measures for the evacuation of Telugu families stranded in Sikkim due to floods and landslides. The state government sa ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Gangtok, June 6 (SocialNews.XYZ) At least 80 tourists stranded in the northern part of Sikkim due to inclement weather and landslides have been safely evacuated, an official said on Friday. A total of four helicopter sorties were conducted from Pakyong Greenfield Airport to Chaten using MI-02, MI-49, and MI-39 helicopters, resulting in the evacuation of 80 individuals. Among those evacuated, 63 persons were tourists, while 17 were locals. To ensure their further travel to Gangtok, the state government arranged state transport buses at the airport for the convenience of the evacuees. In orde ...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 >
Thiruvananthapuram, June 6 (SocialNews.XYZ) Reacting to the controversy after the Kerala Agriculture Minister P. Prasad boycotted the state-level celebrations on the World Environment Day at the Raj Bhavan -- the official residence of the state Governor, Rajendra V. Arlekar, the latter expressed his displeasure. Speaking at the event as the state Governor, Arlekar expressed his displeasure by saying that the Agriculture Minister should also have been present here. "The State Education Minister informed that he could not come. Then the Agriculture Minister also did not come. I do not know wha ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): In the wake of the stampede that occurred during RCB's victory celebration, which led to 11 deaths, BJP State President BY Vijayendra, on Friday, demanded the resignation of the Chief Minister Siddaramaiah, Deputy Chief Minister DK Shivakumar, and Home Minister G Parameshwara. Addressing a press conference today, Vijayendra stated that the FIR names the Karnataka State Cricket Association (KSCA), RCB, and the organising agency DNA as accused. He launched a scathing attack, saying that the Chief Minister himself is Accused No. 1, the Deputy Chief Mi ...Read More >
Karnataka Deputy Chief Minister D K Shivakumar expressed grief over the stampede near Chinnaswamy Stadium, lamenting the loss of lives and the damage to Bengaluru's reputation. He dismissed opposition allegations and accusations of playing politics, emphasizing the government's responsibility.Karnataka Deputy Chief Minister D K Shivakumar on Thursday turned emotional over the loss of lives due to the stampede near the Chinnaswamy Stadium and said that Bengaluru has lost its image due to the incid ...Read More >
Bhopal: The Gita recitation programme by the Madhya Pradesh government has found a place in the Guinness World Records. "More than 7,200 'acharyas' and 'vatuks' collectively recited the third chapter 'Karma Yoga' on Wednesday, making a record," a statement issued by the government said. The event was parallely organised at Bhopal's Lal Parade Ground and Ujjain to mark the sacred occasion of Gita Jayanti. Chief Minister Mohan Yadav said that the collective recitation of the Gita by thousands of Acharyas in Bhopal and Ujjain has been registered in the 'Guinness Book of World Records'. He con ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...Read More >
Chennai: Tamil Nadu Assembly Speaker M Appavu walked out of a meeting of his counterparts in Patna on Monday after accusing Governor R N Ravi of continuing to 'disrespect' the people of the state, elected government and century-old TN Legislative Assembly. Ravi's activities were 'deeply worrying.' he said. Citing the recommendations of the Punchhi, Sarkaria, Rajamannar and Venkatachaliah Commissions, on the appointment of Governors, Appavu argued that the state legislature should be empowered to 'remove' the Governor through a resolution and the wording that the 'Governor shall hold office du ...Read More >
Shimla (Himachal Pradesh) [India], May 21 (ANI): Chief Minister Thakur Sukhvinder Singh Sukhu paid rich tribute to former Prime Minister Rajiv Gandhi on his death anniversary in Shimla. He garlanded the statue of Rajiv Gandhi at Sadbhawana Chowk, Chhota Shimla. Sukhvinder Singh said, "Rajiv Gandhi sacrificed his life for the unity and integrity of this country. Whenever there was a crisis in the country, Rajiv Gandhi never stepped back from making sacrifices. Today's 21st century India, the India of information revolution and digital revolution, was imagined by Rajiv Gandhi 40 years ago... Th ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka High Court on Thursday issued a notice to the state government over the stampede incident near the Chinnaswamy Stadium that claimed the lives of 11 people and left several injured. The High Court took suo motu cognisance of the incident and asked for a further status report. 'News items have been published in various newspapers, narrating the tragedy that happened when 11 persons died and 75 were injured during the course of the victory celebration of RCB. This court is taking cognisance of the incident,' the High Court said. 'Senio ...Read More >
New Delhi [India], June 4 (ANI): To meet the country's ambitious 500 GW target, India's renewable sector will need to double its annual capacity addition to 50 gigawatts (GW) over 2025-2030, S&P Global Ratings said in a report. This will mean almost doubling last year's capacity addition of 29GW. The global rating agency said capacity addition will require USD 175 billion and up to USD 150 billion for the expansion and strengthening of the transmission and distribution network. The next five years will be crucial as the country strives to meet its target of 500GW renewable capacity by 2030. ...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 >
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power (RPOL.NS), opens new tab from participating in tenders for clean energy projects after a court directive. Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement. The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged th ...Read More >
Dehradun: A person, who completes his age of 59 years and 6 months, can now apply for an old age pension on the social welfare department's pension portal. The applicants will start receiving pension from the end of the month in which he completes the age of 60 years following the approval of his application form. This is meant to ensure that the elderly people can get the benefits of old age pension on time. The department launched a campaign to identify the eligible person for the pension According to Secretary, Social Welfare Department, Neeraj Khairwal, his department launched a month-l ...Read More >
West Bengal [India], February 5 (ANI): At the 8th edition of the Bengal Global Business Summit 2025, Bhutanese Minister Younten Phuntsho emphasised the importance of the summit as a platform for strengthening the collaboration between India and Bhutan. Addressing the audience, he said, "For Bhutan, this summit is an opportunity to further deepen our (India-Bhutan) collaboration and identify strategic areas where our shared aspirations align. There are several key areas where we can forge even stronger partnership - first is tourism, we invite investors to explore opportunities in wellness tou ...Read More >
Bengaluru, 26th May 2025: The Ministry of Skill Development and Entrepreneurship (MSDE) will convene the 38th Meeting of the Central Apprenticeship Council (CAC) on 26th May 2025 at Vigyan Bhawan, New Delhi. The Council, reconstituted in October 2024 under the chairmanship of Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), MSDE, plays a pivotal role in advising the Government on key policies related to apprenticeship training across the country. The last CAC meeting was held in June 2021. Since then, India's apprenticeship landscape has evolved considerably -- with over ...Read More >
The Supreme Court has directed all states and union territories to form internal complaints committees in all government departments and undertakings by specific deadlines. This directive aims to ensure uniform compliance with the POSH Act across the country, highlighting lapses in its enforcement and mandating surveys and reports on adherence.With a view to ensure a nationwide compliance of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Supreme Court on Tuesday directed all states and union territories to constitute an internal complaints co ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka Police has filed an FIR against the Karnataka Cricket Board Administrative Committee, Royal Challengers Bengaluru (RCB), among others, in the Bengaluru stampede incident that claimed the lives of 11 people. According to the Deputy Commissioner of Police, Central Bengaluru, Shekar H Tekkannanavar, an FIR has been filed against RCB, DNA (event manager), Karnataka State Cricket Association (KSCA) Administrative Committee and others at Cubbon Park Police Station. Also Read | OpenAI Academy India: ChatGPT Developer Launches First Internat ...Read More >
Hyderabad: Are growing financial concerns pushing the education sector in the state into chaos? The situation indicates that the State government is facing scrutiny from the State High Court for failing to implement the 25 per cent reservation for underprivileged students in private schools, as mandated by Section 121 (C) of the Right to Education Act 2009. Meanwhile, private school management has expressed their inability to bear the financial burden that comes with implementing this scheme. In an interview with The Hans India, Yadagiri Sheshagiri Rao, honorary president of the Telangana Rec ...Read More >