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.
Islamabad: India's ban on ships carrying Pakistani goods from anchoring at its ports has increased freight charges and transit time, according to a media report. Following the Pahalgam terror attack, India imposed a comprehensive ban, effective May 2, 2025, on the direct or indirect import or transit of goods originating in or exported from Pakistan. Pakistani importers said the Indian ban has resulted in longer shipping times and higher freight charges, Dawn newspaper reported on Sunday. "Mother vessels are not coming to Pakistan due to this Indian action, which delays our imports by 30 to 50 days," said Javed Bilwani, President of the Karachi Chamber of Commerce and Industry. He said importers are now relying on feeder vessels, which raises costs. Exporters also reported a spike in shipping and insurance costs following the Indian ban. However, they said the overall impact on exports remains minimal, the paper reported. "There is no significant impact on exports..., except for a rise in insurance costs. Shipping charges had already gone up even before the escalation," said Aamir Aziz, an exporter of textile made-ups.
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
T'puram/Kochi/Kozhikode: The nationwide strike called by central trade unions demanding a rollback of labour reforms and protection of public sector institutions brought Kerala to a near-total standstill on Wednesday.All sectors -- except essential services -- were paralysed, with shops, factories, offices and educational institutions shut across the state. Public transport took a major hit, leaving many stranded at bus stands and railway stations. Scattered incidents of violence and clashes were reported from multiple districts.Govt establishments, including the Secretariat, wore a deserted l ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
Jaipur: Two workers died while five others are feared trapped after soil caved in during pipeline excavation work in Rajasthan's Bharatpur on Sunday morning, police said. According to officials, some labourers were filling a 10-foot-deep trench dug to lay a pipeline near Jangi ka Nagla village when the soil caved in. Twelve workers got trapped under the soil. Upon hearing the cries, other labourers and project staff started rescue attempts, but the depth and heaviness of the soil made immediate efforts difficult, they said. District administration, police and disaster management teams reach ...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 >
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) is set to hold a meeting with industry associations and trade bodies to discuss the implementation of recent GST reforms and rate rationalisation. CBIC chief Sanjay Kumar Agarwal has also urged field formations for proactive outreach to assist businesses in ensuring a smooth transition. Starting Wednesday, the meeting will bring together key ministries and sectors to facilitate seamless implementation, address technical queries, and ...Read More >
CHANDIGARH: A portion of the frontal section of Congress MLA Sukhpal Singh Khaira's house in Bholath, Kapurthala, was demolished on Monday by the office of the Block Development and Panchayat Officer (BDPO). Khaira, a strong critic of Punjab Chief Minister Bhagwant Mann, condemned the move, calling it the dangerous introduction of "bulldozer (Pila-Panja) politics" in Punjab by Mann under directions from AAP supremo Arvind Kejriwal, aimed at silencing criticism and democratic dissent. As the demolition began, Khaira went live on social media, criticising the state government. Anticipating the ...Read More >
New Delhi: India's trade deficit for June this year narrowed to USD 18.78 billion, compared to USD 21.88 billion in May, according to data released by the Commerce and Industry Ministry on Tuesday. India's exports growth remained flat at USD 35.14 billion in June as against USD 35.16 billion same month last year. While the country's imports declined by 3.71 per cent to USD 53.92 billion in June as against USD 56 billion a year ago, according to the data. Meanwhile, the trade in services showed an estimated surplus of USD 15.62 billion in June, with services exports at USD 32.84 billion and i ...Read More >
New Delhi [India], July 15 (ANI): In a major push to promote healthier lifestyles and combat the rise of obesity and Non-Communicable Diseases like diabetes and heart disease among others, the Union Health Ministry has proposed to prominently display boards indicating the amount of oil and sugar content in popular snacks, such as pizzas and burgers as well as samosas, vada paav, kachori among others, in schools, offices, institutions, Departments/Offices/autonomous bodies and organisations. Also Read | College Student Sexually Assaulted in Bengaluru: 2 Lecturers, Friend Arrested for Raping an ...Read More >
VIJAYAWADA: In a bid to ensure the benefits of GST 2.0 reach every household, the Andhra Pradesh government has launched a comprehensive awareness campaign titled 'Super GST - Super Savings'. The initiative aims to educate citizens about the benefits of GST reforms through a series of awareness programmes across the State. During a video conference at his camp office on Monday, Chief Minister Nara Chandrababu Naidu reviewed the GST 2.0 campaign's progress with the Cabinet Sub-Committee, directing officials to organise 65,000 meetings and events by October 19 to spread awareness about reduced ...Read More >
KARACHI - India's move to block ships carrying Pakistani goods from entering its ports has failed to significantly impact Pakistan's foreign trade, according to shipping industry experts. On May 2, India imposed a ban on vessels transporting cargo to or from Pakistan, barring them from passing through Indian ports or land routes. The restriction followed India's military operation "Operation Sundoor," which ended within four days due to strong Pakistani retaliation. Initially, India aimed to disrupt Pakistan's trade, but shipping companies quickly adjusted. They separated Pakistan-bound carg ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax offices and submit proper documentation explaining their turnover and eligibility. It clarified that ...Read More >
Mumbai: The Economic Offences Wing of Mumbai police has recorded the statement of Shilpa Shetty's husband Raj Kundra in a Rs. 60 crore alleged fraud case. Mumbai Police shared an update in the case and stated: "Investigations are going on against actress Shilpa Shetty and her husband Raj Kundra in an alleged fraud case of Rs. 60 crore. A summon was issued by the Economic Offences Wing of Mumbai Police to Raj Kundra. He was asked to appear before police for the investigation." They further stated that the police have recorded his statements in the case. Additionally, they said that Raj Kundra ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I'm truly overwhelmed and deeply grateful to receive the 71st National Film Award for Best Music Direc ...Read More >