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: Two weeks after Air India's Boeing Dreamliner crashed in Ahmedabad minutes after taking off, the Parliamentary Committee on Transport has summoned Boeing executives, Air India representatives, the Civil Aviation Secretary, and DGCA officials for a discussion on air safety issues. The meeting is likely to be held in the first week of July. According to sources, "multiple shortcomings" in the aviation sector, with the maintenance of aircraft, are now a matter of huge concern. The committee will also address frequent helicopter accidents that have taken place recently on the Char Dham pilgrim route.
Katra (J-K) | Prime Minister Narendra Modi is set to inaugurate on Friday the world's tallest bridge over Chenab river ahead of dedicating to the nation the much-awaited Kashmir rail service here. After his arrival at the Air Force station in Udhampur, the prime minister left in a chopper to inaugurate the bridge over Chenab. A multi-tier security setup has been put in place for the prime minister's visit, his first to the Union Territory post Operation Sindoor launched by the Indian Armed Forces across the border to hit terrorist infrastructure during the intervening night on May 6 and 7 in ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Mumbai: Air India has issued a statement explaining the reason behind the delay in the take off of the Bangkok-bound Air India Flight AI 2354, on June 25. The flight was delayed for more than 5 hours after hay was discovered lodged beneath the left wing of the aircraft, the airline confirmed in a statement. Reportedly, Flight AI 2354, operated by an Airbus A320Neo, was scheduled to depart Mumbai at 7:45 AM but took off only around 1:00 PM. The airline's immediate action in the matter resulted in the quick removal of the hay, stated the airline. The aircraft was subsequently deemed fit for ope ...Read More >
Uttarkashi (U'Khand) | Nine construction labourers went missing early Sunday after a landslide triggered by a cloudburst hit their shelters along the Yamunotri National Highway in Uttarkashi district, officials said. The labourers, who are said to be of Nepali origin, were engaged in the construction of a hotel. District Magistrate Prashant Arya said the landslide occurred at Silai bend about 4 km ahead of Paligad, Uttarkashi The labourers were engaged in the construction of a hotel, he said, adding a new landslide zone has developed close to the hotel. "There were 19 labourers at the camp ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Katra: Prime Minister Narendra Modi is set to inaugurate on Friday the world's tallest bridge over Chenab river ahead of dedicating to the nation the much-awaited Kashmir rail service here. After he arrived at the Air Force station in Udhampur, the prime minister left in a chopper to inaugurate the bridge over Chenab. A multi-tier security setup has been put in place for the prime minister's visit, his first to the Union Territory post Operation Sindoor launched by the Indian Armed Forces across the border to hit terrorist infrastructure during the intervening night on May 6 and 7 in retaliat ...Read More >
Srinagar, June 26: The Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha on Thursday said that security measures have been strengthened to ensure the smooth conduct of the Amarnath Yatra this year. SInha acknowledged dip in the registration of Shri Amarnath Ji Yatra pilgrims post the terrorist attack on tourists in Pahalgam in April this year. Addressing media persons at Raj Bhawan, Srinagar, Sinha said that registration dropped by around 10 percent, but maintained that ìthe numbers are now rising again.î ìPublic confidence is returning, and I am hopeful it will continue to grow. Befor ...Read More >
Investing.com -- India has declined an offer from the United Nations aviation agency to include one of its investigators in the probe of the Air India Boeing (NYSE:BA) 787-8 Dreamliner crash that killed 260 people in Ahmedabad on June 12, according to a Reuters report on Thursday. The International Civil Aviation Organization (ICAO) made the unusual move earlier this week by offering to provide investigative assistance without being asked. The ICAO requested that their investigator, who was already in India, be granted observer status in the investigation, but Indian authorities rejected this ...Read More >
Dehradun (Uttarakhand) [India], June 29 (ANI): The Char Dham Yatra has been suspended for the next 24 hours following a heavy rain alert, officials said on Sunday. While speaking to ANI, Garhwal Division Commissioner Vinay Shankar Pandey said that the pilgrimage had been halted temporarily as a precautionary measure. 'I have given instructions to the police and administration officials to stop the pilgrims in Haridwar, Rishikesh, Srinagar, Rudraprayag, Sonprayag and Vikasnagar,' Pandey told. The suspension followed a cloudburst that hit Silai Band on the Barkot-Yamunotri road in Uttarkashi d ...Read More >
Mhow, Jun 7 (PTI) In a disturbing incident, a stray dog was seen clutching a dead newborn in its jaws near the toilet of a government hospital in Madhya Pradesh's Indore district on Saturday before a security guard managed to retrieve the body after shooing away the animal. Authorities at the civil hospital in Mhow, some 25 kilometres from the district headquarters, and police have begun a probe into the antecedents of the newborn and the chain of events that followed. ...Read More >
Srinagar: Lieutenant governor of Jammu and Kashmir, Manoj Sinha, on Thursday said that the Pahalgam attack has impacted tourism and the number of registrations for the Amarnath yatra has fallen 10% so far, compared to last year. Speaking to the media in Srinagar, he said elaborate security arrangements have been put in place to ensure a smooth yatra and urged all pilgrims to ensure that they move in a security convoy - right from Lakhanpur in Jammu to the holy cave in Kashmir. The LG was hopeful of an increase in the number of yatris. The duration of the yatra, starting from July 3, has been ...Read More >
Mumbai, Jun 27 (PTI) India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. For the week ended June 20, foreign currency assets, a major component ...Read More >
NEW DELHI, June 26 (Xinhua) -- The Indian government said on Thursday that the black box data of crashed Air India Flight AI-171 has been downloaded to reconstruct the sequence of events leading to its crash recently in the western Indian state of Gujarat. According to India's federal civil aviation ministry, the analysis of Cockpit Voice Recorders (CVR) and Flight Data Recorders (FDR) data was underway. The ministry said the Aircraft Accident Investigation Bureau promptly initiated an investigation and constituted a multidisciplinary team on June 13 in accordance with international norms an ...Read More >
Mumbai: Recurring aircraft defects, unserviceable ground handling gear, and faded runway markings are among a range of safety lapses discovered by the civil aviation regulator after an intensive survey of key airports including Delhi and Mumbai. The Directorate General of Civil Aviation (DGCA) has ordered airport operators and airlines to address these safety concerns within a week. The inspections come on the heels of the June 12 crash of an Air India plane in Ahmedabad, killing 241 people on ...Read More >
New Delhi, Jun 27 (PTI) Equity investors became richer by Rs 12.26 lakh crore as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shor ...Read More >
MUMBAI -- Investigators have recovered flight recorder data from the Air India crash earlier this month, the civil aviation ministry has confirmed, marking a key step in the probe. At least 270 people were killed when the London-bound Boeing 787-8 Dreamliner crashed less than a minute after taking off on 12 June from Ahmedabad airport in western India. Investigators had earlier recovered both sets of Enhanced Airborne Flight Recorders (EAFRs) - the "black boxes" - from the Boeing 787 crash site on 13 and 16 June - one from a rooftop, the other from the debris. It could be several weeks befo ...Read More >
Imphal, June 29 (UNI) A series of successful operations carried out by Manipur Police and security forces during the last 24 hours led to the arrest of several individuals involved in vehicle theft, insurgent activity, and the recovery of a significant cache of arms and ammunition. Police arrested a vehicle lifter identified as Syed Riyaj from his residence at Lilong Chaobok in Thoubal District. The arrest was made under Lilong Police Station. Authorities seized a blue two wheeler without registration number, along with a key and an Aadhaar card believed to be linked to the suspect. In a s ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi: Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. A senior official in the know told PTI that the efforts are on to streamline the regulations for wet-leasing of planes to assist in the growth of the aviation. "Realities of the ...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 >
Dehradun: A helicopter en route from Sirsi to Kedarnath with pilgrims crash-landed on a road on Saturday due to a possible technical snag. However, no casualties have been reported, and all passengers on board are safe. A car has been damaged due to the sudden landing of the chopper operated by Crystal Aviation Private Limited, police said. As per the preliminary information, a technical fault midair caused the helicopter to opt for an emergency landing. Sensing the fault, the alert pilot acted quickly and brought the chopper down safely, preventing any injury or damage to the passengers. Th ...Read More >
Rudraprayag (Uttarakhand) [India], June 7 (ANI): A helicopter carrying five devotees en route to Kedarnath Dham made an emergency landing on a national highway near Bharasu in Uttarakhand's Rudraprayag district on Saturday, temporarily disrupting traffic in the region, officials said. According to officials, the chopper - an AW119 operated by Kestrel Aviation Private Limited - developed a sudden technical fault during takeoff, prompting the pilot to carry out a hard but controlled landing on the nearby road. Also Read | ICU Horror at ESIC Medical College in Rajasthan: 32-Year-Old Woman Alleg ...Read More >
June 25 (Rtrs) - India would not allow a UN investigator to join a probe of a crashed Air India jet that some safety experts had criticized for delays in analysis of crucial black box data, two senior sources familiar with the matter told Reuters. Earlier this week, the United Nations aviation agency took the unusual step of offering India one of its investigators to provide assistance following the Boeing (BA.N), opens new tab 787-8 Dreamliner crash killing 260 people in Ahmedabad on June 12. ...Read More >
Mumbai, Jun 27 (PTI) Maharashtra on Friday recorded 13 new cases of COVID-19, which took the tally of infections to 2,462, and one death, the health department said. A 65-year-old woman suffering from comorbidities, including rheumatoid arthritis, died in Kolhapur, an official said. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. Since January 1, the state has recorded 2,462 COVID-19 cases and 37 deaths, the department said. Also Read | Did 21-Year-Old Muslim Ma ...Read More >
MUMBAI/NEW DELHI: Following public backlash over a video showing Air India SATS executives partying in their Gurugram office shortly after the June 12 Air India flight 171 crash, Tata Group has taken disciplinary action against several people.Four senior officials were suspended from Air India SATS, while multiple others were issued a warning, the company said on Friday.The video, which garnered over 3.8 million views on X, captured several executives dancing with loud music playing during a cele ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
Uttarkashi (Uttarakhand) [India], June 29 (ANI): A severe landslide caused by heavy rainfall struck a labour camp at Silai Band on the Yamunotri Highway on Sunday, resulting in nine workers missing while ten others were rescued. Officials confirmed that a 10-12 meter stretch of the highway was completely washed away, severely disrupting road connectivity and delaying immediate rescue operations. Also Read | Puri Temple Stampede: Odisha CM Mohan Charan Majhi Seeks Forgiveness From Jagannath Devotees, Tender Apology for Stampede During Jagannath Rath Yatra. According to officials, teams from ...Read More >
Investing.com -- Boeing's operational recovery is gaining traction following disruptions caused by a recent strike, according to Bank of America analysts in a note Tuesday. In a note, BofA highlighted key signs of improvement in the aerospace giant's production and delivery operations. The bank, citing Aero Analysis Partners/AIR (AAP/AIR), said: "In the past week alone, the company delivered three 737s, bringing the November total to four." The number of 737s in pre-delivery flights is also said to have increased, with AAP/AIR projecting three more deliveries by the end of the month. Addit ...Read More >
New Delhi, June 28 (SocialNews.XYZ) Air India SATS (AISATS) has sacked four senior officials after a video of an office party in Gurugram went viral, triggering widespread shock and outrage over the callous attitude of the staffers as the nation mourns the death of 270 people in the tragic Ahmedabad plane crash. The video, which featured AISATS Chief Operating Officer Abraham Zachariah and other officials dancing to blaring music, was widely condemned on social media. AISATS is a company that provides airport ground services. It is a joint venture, owned equally (50-50) by two companies -- A ...Read More >
Rudraprayag, Jun 7 (PTI) A helicopter on its way to Kedarnath made an emergency landing on the highway in Rudraprayag district on Saturday after developing a technical snag during take-off, officials said. However, all pilgrims on board and the pilot are safe, the officials said. The helicopter had taken off from Badasu base for Kedarnath when it made the emergency landing on the highway near Sirsi following a technical snag during take-off, they said. Videos on social media showed the Kestrel Aviation helicopter standing in the middle of the highway was dangerously close to populated build ...Read More >