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.
Suryapet, Telangana: A bribe scandal has rocked the Huzurnagar MRO Office in Suryapet district, after a computer operator was caught red-handed by the Anti-Corruption Bureau (ACB) while accepting a bribe of ₹12,000. The incident came to light when a farmer from Karakkayalagudem village recently completed a land registration process. On Saturday, he visited the Huzurnagar Mandal Revenue Office (MRO) to collect his official proceeding papers. Also Read: Harish Rao backs jobless youth's 'Chalo Secretariat' protest in Telangana The computer operator at the MRO office allegedly demanded a bribe of ₹20,000 to process the documents. After negotiations, the farmer agreed to pay ₹12,000. However, instead of complying, the farmer approached the ACB and filed a complaint. Acting swiftly, ACB officials planned a trap. On Saturday, the complainant returned to the MRO office to hand over the bribe. As soon as the money was exchanged, ACB officers stormed in and caught the computer operator red-handed while accepting the bribe. The accused has been taken into custody, and further investigation is ongoing. ACB officials stated that more details about the case will be revealed after preliminary questioning and evidence collection.
Hyderabad: Top leaders of Bharat Rashtra Samithi (BRS) were on Friday placed under house arrest in Hyderabad ahead of their planned protest against the arrests of MLAs and other leaders. Member of Legislative Council K. Kavitha and former minister T. Harish Rao were among the leaders placed under house arrest. The opposition party had given a call for the protest at the 125-feet statue of Dr B. R. Ambedkar near the State Secretariat to condemn what it calls illegal arrests of its leaders. Also Read: BRS MLA arrested for threatening police officer, gets bail In view of the protest call, the ...Read More >
New Delhi: The Supreme Court on Tuesday said the Karnataka government and the Centre should resolve the issue in connection with the release of financial assistance from the National Disaster Response Fund (NDRF) to the state for drought management. The matter came up before a bench comprising justices B R Gavai and K V Viswanathan. Attorney General R Venkataramani, appearing for the Centre, requested the bench that he needed some time to file an affidavit in the matter. "You should resolve it," the bench said. During the hearing, the bench queried, how much amount has been released so far? ...Read More >
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
Hyderabad: BRS senior leader T Harish Rao on Thursday urged Chairman of the Securities and Exchange Board of India (SEBI) to order an urgent investigation into serious irregularities and potential violations of SEBI regulations by the Telangana State Industrial Infrastructure Corporation (TGIIC) and the Government of Telangana. The BRS leader wrote a detailed letter to the SEBI Chairman. In the letter, Harish Rao raised strong objections over the mortgaging of 400 acres of land in the Kancha-Gachibowli region, land which has been flagged by a Supreme Court-appointed Empowered Committee as 'fo ...Read More >
New Delhi, Jun 8 (PTI) Engineering solutions provider DEE Development Engineers Ltd is planning to diversify into hydrogen production as it expects good business opportunities in the sector. DEE Development Engineers Chairman and Managing Director (CMD) Krishan Lalit Bansal said, "We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70 per cent stake in a company called Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants, and ammonia crackers." Also Read | Bodoland Lot ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
BHUBANESWAR: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday. "The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dut ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Bengaluru (Karnataka) [India], June 26 (ANI): Karnataka Deputy Chief Minister DK Shivakumar announced on Thursday that the meeting on the Hemavathi link canal, originally scheduled for June 30, has been postponed to July 4-5, following a request from Union Minister V Somanna. Speaking to reporters at his Sadashivanagar residence here, Shivakumar said, 'We have postponed the meeting as Somanna is also the MP from the district. The officials have been instructed accordingly.' The Deputy CM also addressed the postponement of a meeting with Yettinahole project contractors in Tumakuru, attributin ...Read More >
Mumbai: JSW Paints has agreed to acquire Akzo Nobel's India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic paints market. Ending months of negotiations, JSW has agreed to pick up 74.76% stake in the Akzo Nobel India for Rs 8,986 crore, an over 17% discount to Thursday's price. ET in its May 26th edition was the first to report that JSW had agreed for the billion dollar acquisition - its largest so far and had entered in "exclusive negotiations." "Akzo Nobel India is home t ...Read More >
New Delhi, May 29 (PTI) Ipca Laboratories on Thursday said its consolidated net profit increased 14 per cent to Rs 68 crore in the fourth quarter ended March 31, 2025. The drug firm reported a net profit of Rs 60 crore during the January-March quarter of 2023-24 financial year. During the quarter, revenue from operations rose to Rs 2,247 crore as compared to Rs 2,033 crore in the year-ago period, Ipca Laboratories said in a regulatory filing. Net profit stood at Rs 738 crore for 2024-25 fiscal against Rs 547 crore in FY24. Revenue rose to Rs 8,940 crore for the last fiscal from Rs 7,705 cr ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...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 >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
SynopsisOn the technical charts, the RSI of the stock stood at 49.49.Shares of Bajaj Holdings & Investment Ltd. traded 1.41 per cent at Rs 10447.00 at 01:30PM (IST) on Tuesday, even as BSE benchmark Sensex 227.01 points to 79882.84. The stock had closed at Rs 10596.80 in the previous session. The stock quoted a 52-week high price of Rs 11348.50 and 52-week low of Rs 7212.00, respectively. As per BSE data, total traded volume on the counter till 01:30PM (IST) stood at 638 shares with a turnover of Rs 0.68 crore. At the prevailing price, shares of the company traded at 15.71 times its trailing ...Read More >
Also Read - Bengaluru likely to see heavy rainfall and thunderstorms from December 8, predicts IMD A group of 46 students and six teachers from Morarji Desai Residential School, Mulabagilu in Kolar district visited Murudeshwar on Tuesday as part of their school trip. According to the police, around 5.30 pm, the teachers, along with the students went to the beach. Despite warnings from lifeguards, seven students ventured into the sea. The sea was rough, and three girls were swept away by the cu ...Read More >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 crore in the year-ago period, it added. Total expenses in the quarter under review stood at Rs 1,505 c ...Read More >
AHMEDABAD: Homegrown pharma major, Zydus Lifesciences Limited, on Tuesday reported a 17.3% rise in consolidated net profit for FY 2025 at Rs 4,525.5 crore, up from Rs 3,859.5 crore in the previous year, driven by strong US and India sales. The board recommended a final dividend of Rs 11 per equity share, subject to shareholder approval at the AGM on 12 August 2025.For the March quarter (Q4), net profit fell marginally by 1.0% to Rs 1,170.9 crore from Rs 1,182.3 crore a year earlier, impacted by a one-time loss of Rs 220 crore. Adjusted for this, net profit rose 18% year-on-year to Rs 1,390.5 c ...Read More >
Bhopal, June 5 (SocialNews.XYZ) Madhya Pradesh Chief Minister Dr Mohan Yadav, while expressing profound grief over the death of seven persons in Rewa, has announced a financial support of Rs 2 lakh each to the family of the deceased. He has also announced financial support of Rs 50,000 to each of the injured persons in the accident. He announced the support through his X handle, "Tragedy struck near Sohagi village in Rewa district when a truck carrying cement pillars overturned onto an auto carrying devotees from Nai Garhi, Mauganj district. The group had been returning from Prayagraj after ...Read More >
New Delhi: In a joint operation, the Israel Defense Forces (IDF) and the Israel Security Agency (ISA) have eliminated As'ad Abu Sharaiya, a senior leader of the Mujahideen terrorist organization in Gaza, and another terrorist, Mahmoud Muhammad Hamid Kuhail. According to the IDF, Abu Sharaiya was directly involved in the October 7, 2023, massacre, infiltrating Kibbutz Nir Oz, and was responsible for the abduction and murder of several Israeli citizens, including Shiri, Ariel, Kfir Bibas, and Nattapong Pinta. He also played a role in recruiting operatives for terror attacks against Israel and I ...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 >
Raipur, June 7 (SocialNews.XYZ) Two Maoists were reportedly neutralised on Saturday in the ongoing anti-Naxal operation in Bijapur's Indravati National Park, which has entered its third day, with security forces intensifying their efforts against insurgents in the dense forest region. However, official confirmation of their identity is awaited. Automatic weapons were recovered from the slain militants, further underscoring the intensity of the battle, sources said. In the past two days, security forces successfully eliminated Sudhakar, a Central Committee Member of the CPI (Maoist), who carr ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Hyderabad (Telangana) [India], June 8 (ANI): Former Chief Minister and Bharat Rashtra Samithi (BRS) President K Chandrashekhar Rao (KCR), Telugu Desam Party (TDP) leader and Andhra Pradesh Minister Nara Lokesh, and BRS leader KT Rama Rao paid their last respects to BRS MLA from Hyderabad's Jubilee Hills, Maganti Gopinath, who passed away following a heart attack. Gopinath, 63, was admitted to the AIG Hospital in Hyderabad on June 5 at 2:56 PM following a heart attack and was receiving treatment in the Intensive Care Unit (ICU). As per the hospital sources, the BRS leader was declared dead at ...Read More >
The Punjab Cabinet approved amendments to the state's conversion policy, facilitating industrial plot conversions into various uses. This move addresses industrialists' concerns, aims to streamline estate management, and enhance business ease. Additional policies target micro and small enterprise operations and restructure state financial directorates for efficiency. The Punjab Cabinet has given the green light to amendments in the conversion policy, offering opportunities for industrial plots t ...Read More >