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: India has imposed restrictions with immediate effect on the import of jute and allied fibre products from Bangladesh -- a move that came amid increasing strain in the overall relations between the two neighbours. The new restrictions will apply to imports into India of Bangladesh's jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport in Maharashtra, people familiar with the matter said on Saturday. The Directorate General of Foreign Trade that operates under commerce ministry issued a notification on Friday imposing the restrictions. Under the provisions of SAFTA (South Asian Free Trade Area), jute from Bangladesh enjoys a duty free access to India. However, the Indian jute industry has, for long, suffered due to the adverse impact of dumped and subsidised imports of jute products, particularly yarn, fibre and bags from the neighbouring country, the people cited above said. There is credible evidence that Bangladeshi jute exports continue to benefit from state subsidies extended by the government of Bangladesh, they said. In response to these concerns, the Directorate General of Anti-Dumping and Allied Duties (DGAD) conducted detailed investigations and imposed anti-dumping duty (ADD) on jute and goods originating from Bangladesh, the sources said. But, the imposition of ADD has not yielded a substantial reduction in imports, they said. Apart from various subsidies, common malpractices by Bangladeshi exporters include circumvention of anti-dumping duty through technical exemptions, mislabelling, exports through ADD exempted firms and "misdeclaration" to secure higher subsidies within, the people cited above said. The restrictions are aimed to counter unfair trade practices, promote 'Atmanirbhar Bharat' (self-reliance), and protect rural livelihoods tied to India's domestic jute economy. "To safeguard the interests of the domestic jute industry and to counter the unfair trade practices employed by the Bangladesh exporters acting in collusion with Bangladeshi establishment, it has been decided to restrict Bangladesh imports of jute and jute products to India through only from Nhava Sheva port," said one of the people. "The imposition is expected to streamline the quality checking prevent misdeclaration and fraudulent labelling, thereby neutralising the malpractices that have plagued the industry for long," he said. "The government is also taking steps to ensure that exporters in Bangladesh do not circumvent the aforesaid restrictions by routing their jute exports through third countries," he added.
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port."The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power ...Read More >
IMAGE: India are scheduled to tour Bangladesh for a white-ball series in August. Photograph: Screengrab/X The India tour of Bangladesh, which was scheduled to be held in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, sources in the Board of Control for Cricket in India (BCCI) said. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India tour of Banglade ...Read More >
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, with only the champion earning a guaranteed spot. All players from the previous camp have been retaine ...Read More >
India's trade body has started a probe. It is investigating Chinese aluminium foil imports. The Directorate General of Trade Remedies will check for government subsidies. This investigation covers a period from April 2024 to March 2025. Domestic companies claim injury from these subsidised imports. This is not the first such trade action against Chinese foil. The Directorate General of Trade Remedies (DGTR) has initiated a countervailing duty (CVD) investigation into Chinese aluminium foil (80 Microns and below) imports. The probe follows a joint application by Raviraj Foils, LSKB Aluminium F ...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 >
New Delhi, June 28: India has imposed restrictions with immediate effect on the import of jute and allied fibre products from Bangladesh - a move that came amid increasing strain in the overall relations between the two neighbours. The new restrictions will apply to imports into India of Bangladesh's jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport in Maharashtra, people familiar with the matter said on Saturday. The Directorate General of Foreign Trade that operates under Commerce Ministry issued a notification on Friday imposing the ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a member of CBDT. He was member administration and had served as DG investigation in Delhi. The gover ...Read More >
New Delhi [India], July 4 (ANI): The India tour of Bangladesh, which was scheduled to take place in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, as per sources in the Board of Control for Cricket in India (BCCI). Also Read | Who Is The Current WWE Universal Champion? Does The Title Still Exist?. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India ...Read More >
New Delhi [India], April 5 (ANI): In a significant achievement for India's maritime sector, the Major Ports under the Ministry of Ports, Shipping and Waterways have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT. This marks a year-on-year growth of 7.06 per cent, reaffirming the sector's strong recovery, enhanced efficiency, and sustained growth trajectory, the Ministry of Ports, Shipping and Waterways reported. This milestone underscores the impact of transformative reforms and strategic investments undertaken by the Govern ...Read More >
Mumbai: The ministry of petroleum and natural gas on Wednesday identified 18 vessels trapped in war-torn Persian Gulf for speedy evacuation. According to the report submitted by directorate of shipping in Mumbai, five of these 18 vessels are Indian-flagged. These 18 vessels include four LPG carriers, three LNG carriers and 11 crude oil tankers. As per the report the ministry of ports, shipping & waterways (MoPSW), directorate of naval operations (DNO), the ministry of petroleum and natural gas (MoPNG), Information Fusion Centre - Indian Ocean Region (IFC-IOR) are working in tandem to evacuate ...Read More >
Pune (Maharashtra) [India], June 8 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Sunday inaugurated the new administrative office of Maharashtra Energy Development Agency (MEDA) in Pune. After inaugurating the newly constructed office, CM Fadnavis said, "The Maha Urja building is a prime example of a green architecture. It focuses on energy conservation, and is designed to generate as much energy as it consumes, essentially making it a net-zero energy building." Also Read | Modi Government Celebrates 11 Years of 'Shashkt Nari', Says 'Women Central to India's Growth Story'. He highl ...Read More >
New Delhi [India], June 26 (ANI): The Directorate of Revenue Intelligence (DRI) seized 39 containers carrying 1,115 metric tonnes of Pakistani goods valued at approximately Rs 9 crore at the Nhava Sheva Port in Navi Mumbai, officials said. In an operation codenamed "Operation Deep Manifest", the illegal import of Pakistani-origin goods routed through third countries, primarily via Dubai, UAE, has been busted, the Ministry of Finance said in a statement Thursday. Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian ...Read More >
New Delhi, Jun 26 (PTI) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing ...Read More >
New Delhi: India on Friday restricted the imports of jute, woven fabrics and yarns from Bangladesh from any land port on the border. "Import from Bangladesh shall not be allowed from any land port on India-Bangladesh border. However, it is allowed only through Nhava Sheva seaport...Import of certain goods from Bangladesh to India are regulated with immediate effect," the Directorate General of Foreign Trade said in a notification. In May, India had imposed port restrictions on import of certain products such as readymade garments and processed food from Bangladesh. Friday's regulation is on ...Read More >
India shifts stranded LPG cargoes amid West Asia disruptions Green Asha, an India-flagged vessel carrying 15,400 tonnes of liquefied petroleum gas (LPG) that had successfully crossed the Strait of Hormuz earlier this week, arrived at Mumbai's Jawaharlal Nehru Port Authority (JNPA) on April 9, the port said in a statement. The arrival of the tanker is expected to boost India's efforts to secure adequate energy supplies. The port described the development as significant, coming amid the ongoing c ...Read More >
New Delhi, Jun 26: In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing firm ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs (MEA) on Thursday said that it is keeping a constant watch on developments in India's neighbourhood, especially in light of the recent trilateral meeting involving China, Pakistan, and Bangladesh. Speaking at a press briefing, MEA Spokesperson Randhir Jaiswal said, 'We maintain a constant watch on the developments in our neighbourhood that have a bearing on our interests and our security, our relations with individual countries, while they stand on their own footing, take into account the evolving context as well.' The meetin ...Read More >
New Delhi [India], June 27 (ANI): The Parliamentary Standing Committee on External Affairs will hold a meeting on Friday. During the meeting, the committee will record evidence of experts/non-official witnesses in connection with the examination of the subject 'Future of India-Bangladesh Relationship'. Congress MP Shashi Tharoor has been the chairperson of the Committee of the External Affairs since September 2024. India has strongly condemned the demolition of a Durga temple in Dhaka, criticising the role of the Muhammad Yunus-led interim government in allowing the destruction and projectin ...Read More >
Patna (Bihar) [India], July 8 (ANI): Bihar cabinet on Tuesday approved 43 schemes and projects, including the formation of the Bihar Youth Commission, 35 per cent reservation for women native to the State and Rs 100 diesel subsidy for farmers. Bihar Chief Secretary S Siddharth said, 'Today, 43 agendas have been stamped in the Council of Ministers, in which the most important agenda is the formation of the Youth Commission. This commission is related to the youth of 18-45 years, which will have one chairman, two vice-chairmen and seven members.' 'The beneficiary group related to this includes ...Read More >
MUMBAI: The Directorate of Revenue Intelligence (DRI) has seized 39 cargo containers with 1,115 metric tonnes of dry dates of Pakistani origin, estimated to be worth ₹9 crore. The containers, seized at the Nhava Sheva port, were imported via Dubai to circumvent the ban on the import of Pakistani goods, imposed after the April 22 attack in Pahalgam, said DRI officials. The Mumbai-based partner of the firm which imported the dates was arrested on Thursday, the officials added. On May 2, the Directorate General of Foreign Trade (DGFT) said in a notification that a provision was added in the Fore ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
VIJAYAWADA: To ensure the financial stability of weavers, the State government will implement the free electricity scheme to provide 200 units of power at a free of cost to handlooms and up to 500 units to powerlooms from Wednesday. Around 93,000 families holding handlooms and another 11,488 families with powerlooms will get benefits under the scheme. The government will spend around Rs 150 crore per year for the implementation of the scheme. Each handloom family is expected to save up to Rs 8,640 per year, while power loom units could benefit by up to Rs 21,600 annually. The government has ...Read More >
Nashik (Maharashtra) [India], June 5 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday said that the Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg will play an essential role in the development of the state. This highway will be a corridor of prosperity for the state. This highway will be connected to Vadhan Port shortly, and CM Fadnavis added it. Chief Minister Fadnavis said that land has been acquired for the Samruddhi Highway in record time. Due to this route, 24 districts of the state, including Vidarbha, Marathwada, and North Maharashtra, have been ...Read More >
NEW DELHI: India has imposed immediate restrictions on the import of jute and allied fibre products from Bangladesh, in a move reflecting growing tensions in bilateral trade relations. The new measures apply to all land and seaports across the country, with the sole exception of the Nhava Sheva seaport in Maharashtra, according to a notification from the Directorate General of Foreign Trade (DGFT). The restrictions, however, will not apply to goods exported by Bangladesh to Nepal and Bhutan. At the same time, the re-export of such Bangladeshi goods from Nepal or Bhutan into India "will not be ...Read More >
Ratlam, Jun 27 (PTI) The Regional Industry Skill and Employment (RISE) conclave held in Ratlam on Friday attracted investment proposals worth Rs 30,402 crore and these will generate employment for 35,520 persons, Madhya Pradesh Chief Minister Mohan Yadav said. The aim is to ensure Ratlam emerges as an industrial hub not only of Madhya Pradesh but the entire nation, Yadav added. "During the conclave, investment proposals worth Rs 30,402 crore were received. These which will generate 35,520 jobs. During the conclave, financial assistance of Rs 694 crore was provided to 1020 industrial units. B ...Read More >
Chennai: Madras high court has clarified that private self-financing medical colleges are required to pay only a stipend, and not a full salary, to in-service govt doctors pursuing postgraduate or super-specialty courses under the govt quota.A division bench of Justice R Subramanian and Justice K Surender passed the order while partly allowing a batch of appeals moved by Karpaga Vinayaga Medical College and others. They challenged a single judge's order that directed private colleges to pay salaries to in-service doctors studying in their institutions.The appeals were moved based on a GO dated ...Read More >
The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the illegal import of Chinese-origin fireworks into India. The Directorate of Revenue Intelligence (DRI) intercepted a 40 feet container at Nhava Sheva port in Navi Mumbai on Sunday and seized Chinese-origin firecrackers and fireworks worth Rs 4.82 crore. The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the i ...Read More >
Vijayawada: In a major relief to the handloom sector, the state government led by Chief Minister N Chandrababu Naidu has decided to implement a free electricity scheme for weavers across the state from Wednesday. The initiative, aimed at ensuring financial stability for lakhs of weaving families, will provide up to 200 units of free power per month for handlooms and 500 units for power looms. The scheme is expected to significantly ease the burden of rising electricity costs, a major expense in weaving activities such as loom operation, dyeing, and processing. As many as 1,04,488 weaver fami ...Read More >
New Delhi, Jun 28 (PTI) India imposed restrictions on the import of jute and allied fibre products from Bangladesh in view of its "unfair trade" practices including circumvention of anti-dumping duty that harmed Indian farmers, people familiar with the matter said on Saturday. The new restrictions will apply to imports into India of Bangladesh's jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport in Maharashtra. The punitive measures were announced on Friday and they came into effect immediately. There has been a sharp downturn in India ...Read More >
Srinagar, June 5: Indian Railways will commence regular operations of two new Vande Bharat Express trains between Shri Mata Vaishno Devi Katra and Srinagar from June 7, following their official inauguration by Prime Minister Narendra Modi tomorrow, June 6. The trains will offer passengers a fast, reliable, and modern travel option, running six days a week in both directions, officials said on Thursday. Prime Minister Modi is expected to flag off the two specially designed Vande Bharat trains running between Srinagar and Katra on June 6, marking the completion of the long-awaited project to li ...Read More >