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: In a strategic acquisition that will significantly expand its production capacity and take it on the path of becoming a global player, India's largest shipyard, Mazagon Dock Shipbuilders Limited (MDL), is buying a controlling stake in Sri Lanka's largest shipbuilder, located in the port of Colombo. The controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest and most established shipyard, is being acquired for $52.96 million, with the Indian yard taking over as the majority shareholder. The acquisition will not just give the Indian yard a larger footprint but will also help limit the expansion of Chinese entities in the neighbourhood. The yard is especially vital given its location. It is close to some of the busiest shipping lanes in the world.
New Delhi, Jun 27 (PTI) India's biggest warship builder Mazagon Dock Shipbuilders Ltd on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC in an all-cash deal of about Rs 452 crore. The Mumbai-headquartered shipbuilder, in a regulatory filing, said the proposed acquisition will enable the company to strengthen its position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding market reach. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Frida ...Read More >
Former Manipur CM N. Biren Singh stated that efforts are underway to establish a popular government in the state, currently under President's rule. He expressed optimism about forming a new government soon, emphasizing the BJP and its allies' desire for restoration of popular governance.Former Manipur chief minister N Biren Singh on Saturday said efforts are underway for setting up of a popular government in the state which is now under President's rule. Speaking at the sidelines of a programme at BJP state headquarters, Singh expressed hope that a new government will be formed in Manipur soo ...Read More >
NEW DELHI: Defence minister Rajnath Singh on Friday commissioned the advanced stealth frigate INS Taragiri into the Indian Navy, marking a significant step in strengthening India's maritime capabilities and indigenous defence production.The commissioning ceremony was attended by Navy chief Admiral Dinesh Kumar Tripathi, Chief of Defence Staff Anil Chauhan and other senior officials.INS Taragiri is the fourth stealth frigate under the Navy's Project 17A programme and has been built by Mazagon Dock Shipbuilders Limited. The 6,670-tonne warship features over 75 per cent indigenous content, reflec ...Read More >
Cochin Shipyard Limited plans a Rs 15,000 crore shipyard in Tamil Nadu with a Korean partner. The project aims to create 10,000 jobs. CSL also partners with HD Korea for shipbuilding. They will use CSL's new dry dock to build large vessels. A Block Fabrication Facility is planned in Kochi, generating more jobs. Cochin Shipyard Limited is considering a greenfield investment of about Rs 15,000 crore to establish a shipyard in Tamil Nadu in collaboration with a Korean partner, an official statement ...Read More >
Visakhapatnam: India never believes in exhibiting its might and never attacked any country first. But when the security is at stake, India knows how to give an appropriate response, Defence Minister Rajnath Singh emphasised. Presiding over the Indian Navy's commissioning ceremony of INS Udaygiri and INS Himgiri in Visakhapatnam on August 26 (Tuesday), the Defence Minister underlined that the commissioning of the two frontline surface combatants is a proof of India's vision and commitment towards Atmanirbhar Bharat. Scripting a new chapter in maritime history, the Indian Navy commissioned two ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the Samudra Se Samriddhi - Transforming India Maritime Sector programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employm ...Read More >
Visakhapatnam: The Indian Navy is set to commission its indigenous nuclear-powered submarine, INS Aridhaman, on Friday, according to defence officials. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' is power!," said the post. Also Read: India set to get bigger, deadlier nuclear submarine INS Aridhaman as Pak eyes 8 Chinese subs INS Aridhaman is an advanced version of the Arihant-class submarines, following earlier inductions such as INS Arig ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Mumbai : Swan Defence and Heavy Industries Limited (SDHI), India's largest shipbuilding and heavy fabrication company, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries, one of the world's leading shipbuilders in specialized and complex vessels. Both the partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. On the shipbuilding collaborations, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialized vessels. ...Read More >
Mumbai: Mazagon Dock Shipbuilding Ltd (MDL) plans to build amphibious warships in Gujarat after signing a binding deal with Swan Defence and Heavy Industries at India Maritime Week Summit this week. They will bid jointly for four landing platform dock vessels worth around Rs 33,000 crore that the defence ministry plans to tender soon.Biju George, director (shipbuilding), MDL, said, "Our agreement is not just an MoU but a legal contract. Under this, Swan Defence's dock at Pipavav (Gujarat) will host warship construction as well as research and development." Vivek Merchant, director at Swan Defe ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Defence Minister Rajnath Singh on Friday landed in Visakhapatnam to attend the commissioning ceremony of INS Taragiri and Aridhaman. The Defence Minister was welcomed by Indian Navy chief Admiral Dinesh Kumar Tripathi. Also Read | Ashok Kharat Viral Videos Scandal: Nashik 'Godman' Arrested in S*x Assault Case Was Named in 2022 Suicide Note. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): The Indian Navy is set to commission its indigenous nuclear-powered submarine, INS Aridhaman, on Friday, according to defence officials. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' is power!," said the post. Also Read | Nagaland Dear Lottery Sambad Result Today 1 PM Live: Dear Victory Friday Lottery Result of April 3, 2026 Declared Online, Watch Lucky Draw Winners List. INS Aridhaman ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Defence Minister Rajnath Singh, along with Chief of Defence Staff General Anil Chauhan and Navy chief Admiral Dinesh K Tripathi, on Friday inspected the advanced stealth frigate INS Taragiri in Visakhapatnam. The Defence Minister, earlier in the day, commissioned the advanced stealth frigate INS Taragiri, marking a significant enhancement to the Indian Navy's capabilities. Also Read | 'Most Polarised State in the Country': Political Row Erupts After CJI Surya Kant's Remark on West Bengal, Opposition Seeks EC Review. Indian Navy chief Ad ...Read More >
New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India state-led initiative to boost local shipbuilding. As per a report by The Korea Herald under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procurement and management in shipbuilding. SDHI, India largest shipyard, accounts for 30 per cent of the cou ...Read More >
Panaji: Defence shipbuilder Goa Shipyard Ltd (GSL) reported its strongest-ever financial performance, with gross revenue crossing the Rs 3,000 crore mark for the first time in FY 2024-25. Revenue surged 53% to Rs 3,190 crore, while the value of production jumped 71% to Rs 2,801 crore. GSL's order book stood at over Rs 16,000 crore as of April 1, comprising multiple projects for the Indian Navy, Indian Coast Guard, and overseas clients.The company is in final negotiations for a landmark Rs 18,000 crore contract to build the Indian Navy's next-generation corvettes, which, once signed, could push ...Read More >
"KOCHI: The Cochin Shipyard Ltd (CSL) is keen on building capacity, confidence and credibility, said chairman and managing director (CMD) Madhu S Nair. "We were the first greenfield shipyard in India, the first to build large ships in India and we collaborated with the Indian Navy to build the nation's first aircraft carrier. We launched a warship with more than 90% indigenous content, from design to equipment. "India's maritime story is no longer about building ships, but about building capacity. This is the vision of India reclaiming its historic place among the great maritime nations," sa ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Following the commissioning of INS Taragiri in Visakhapatnam today, the Indian Navy on Friday called it a journey of " strength, stealth and indigenous excellence" which reflects India's rise as a formidable maritime power. "Legacy Reborn. Power Redefined. Presenting the story of INS Taragiri - a journey of strength, stealth and indigenous excellence, reflecting India's rise as a formidable maritime power. From legacy to the future fleet, Taragiri stands ready to safeguard the seas," the 'X' post from Indian Navy said. INS Taragiri will ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): The Indian Navy is set to commission its indigenous nuclear-powered submarine, INS Aridaman, on Friday, according to defence officials. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridaman' is power!," said the post. Also Read | Mysuru Cloth Bag Scam: Karnataka High Court Orders Probe Against IAS Officer Rohini Sindhuri Over INR 5.8 Crore Irregularities. INS Aridaman is an advanced version of th ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Defence Minister Rajnath Singh on Friday commissioned the advanced stealth frigate INS Taragiri in Visakhapatnam. The warship is an advanced stealth frigate under Project 17A of the Indian Navy. Indian Navy chief Admiral Dinesh Kumar Tripathi and Chief of Defence Staff Anil Chauhan were among the attendees, along with other senior Indian Navy officials. The induction of Taragiri comes at a time when the strategic and maritime importance of India's eastern seaboard continues to grow, driven by evolving regional security dynamics and India ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Highlighting India's growing naval strength and self-reliance, Navy Chief Admiral Dinesh K Tripathi announced on Friday that the commissioning of the warship 'Taragiri' marks a significant step in enhancing the Indian Navy's operational capabilities. Emphasising a vision of a combat-ready and future-ready force, he noted that the Navy has commissioned 12 ships, one submarine, and an aircraft squadron over the past year. "The Indian Navy's focus is clear: to continue to be a combat-ready, credible, cohesive and future-ready force," Admira ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration of ship building opportunities in India and abroad, sharing of technical expertise to scale up to the ...Read More >
Bengaluru : Titagarh Rail Systems Limited (TRSL), marked a key milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being built by TRSL under the Make in India initiative of the Ministry of Defence. The launch ceremony was graced by Mrs. Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch of the vessel. The craft was side launched into the Hooghly River at 16:10 PM. Diving Support Crafts ar ...Read More >
Garden Reach share price has rallied a staggering 113 percent since the start of the year. Shares of Garden Reach Shipbuilders & Engineers (GRSE) climbed percent as much as 5 percent to hit a fresh 52-week high of Rs 3,521 in morning deals on Thursday after the defence PSU announced fresh global collaborations aimed at expanding its presence beyond military platforms. In a regulatory filing, GRSE said it has entered into a memorandum of understanding (MoU) with Hamburg-based Carsten Rehder for ...Read More >
VISAKHAPATNAM: The Indian Navy commissioned two advanced stealth frigates, INS Udaygiri and INS Himgiri, under Project 17A, at the Naval Base in Visakhapatnam on Tuesday. Defence Minister Rajnath Singh presided over the ceremony, which marked the first time two frontline surface combatants built at different shipyards were commissioned simultaneously. Addressing the gathering, the Defence Minister reaffirmed the government's commitment to self-reliance in defence manufacturing, stating, "INS Tamal was the last foreign order for the Indian Navy. No future ship for the Indian Navy will be buil ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the "Samudra Se Samriddhi - Transforming India's Maritime Sector" programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways' release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. Also Read | Karur Tragedy: Madras High Court Cancels Urgent Hearing on Stampede at Vijay's TVK Election Rally in Tamil Nadu. The MOUs were signed on September 18th in the presenc ...Read More >
Mumbai, September 29: Indian legend Sunil Gavaskar revealed that his heart had been pounding intensely while watching the Asia Cup 2025 final between India and Pakistan at Dubai International Cricket Stadium. The Men in Blue secured a convincing victory as they chased down a target of 147 runs with just two balls remaining, in what was a thrilling encounter. The win also marked India's third consecutive victory against Pakistan in the 2025 tournament, as well as the team's record-extending ninth title. From Dressing Room To Field of Play, Check Raw Emotions As Team India Beat Pakistan To Compl ...Read More >
PNN New Delhi [India], October 16: India's shipbuilding industry is charting an ambitious new course -- from a modest player in global ship construction to a serious contender among the world's top five shipbuilding nations by 2047. Backed by bold government reforms, strategic investments, and strong advocacy from the Shipyards Association of India (SAI), the sector is entering what many call its most transformative phase yet. A Sea of Opportunity Despite having one of the world's longest coastlines -- stretching over 7,500 km -- India's share in global shipbuilding is under 1%. But the tid ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
The Indian Navy will commission the Androth on Monday. This new anti-submarine warfare shallow water craft will join the fleet in Visakhapatnam. The vessel has over 80 percent indigenous content. Its induction will bolster the Navy's anti-submarine capabilities. This event highlights India's commitment to self-reliance in defense. GRSE built the craft. It marks a step for maritime security. The Indian Navy will commission a new anti-submarine warfare shallow water craft on Monday that is expecte ...Read More >
Mumbai: The state government on Monday signed as many as 15 memorandums of understanding (MoUs) worth ₹55,969 crore, coinciding with the first day of the India Maritime Week 2025. The MoUs, all related to maritime trade and industry, were signed in the presence of chief minister Devendra Fadnavis at the NESCO Exhibition Centre in Mumbai. The biggest MoU, worth ₹42,500 crore, was signed with Adani Ports and Special Economic Zone (APSEZ), for expansion of the port at Dighi. APSEZ had acquired 100% stake in the port in February 2021, and now wants to expand it. Other major agreements signed on ...Read More >