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.
Colombo, June 29 (Daily Mirror) - The Sri Lanka Navy seized an Indian fishing boat and apprehended eight Indian fishermen while they were poaching in Sri Lankan waters north of Mannar, during a special search operation conducted early this morning. The North Central Naval Command spotted a group of Indian fishing boats engaging in illegal fishing, trespassing into Sri Lankan waters in the early hours of today and deployed its Inshore Patrol Craft to drive away the Indian fishing boats from island waters, north of Mannar, the Sri Lanka Navy said. The navy seized one Indian boat and apprehended eight Indian fishermen who continued to engage in illegal fishing in Sri Lankan waters. The seized boat and the fishermen were brought to the Talpadu Pier in Mannar and were handed over to the Fisheries Inspector of Mannar for onward legal proceedings.
Chennai, June 29 (UNI) Eight fishermen from Tamil Nadu were arrested by the Sri Lankan Navy while fishing in the high seas today, even as Chief Minister M K Stalin urged External Affairs Minister (EAM) Dr S Jaishankar to initiate proactive diplomatic steps to secure their release along with their boat. The eight fishermen, hailing from Rameswaram in Ramanathapuram district, were fishing in a mechanised boat near Katchatheevu, when they were arrested by the Sri Lankan Navy personnel. The Lankan Navy arrested them for fishing in their territorial waters after crossing the International Mariti ...Read More >
Karaikal (Puducherry) [India], September 28 (ANI): The Sri Lankan Navy has arrested 12 Karaikal fishermen while they were fishing in the Bay of Bengal near Kankesanthurai, the Rameswaram Fishermen Association said on Sunday. According to the association, the Navy accused them of crossing the international maritime boundary and took them to the Kankesanthurai naval camp for questioning. Their boat was also seized. On September 25, 12 fishermen, Selvam, Sundar, Velmurugan, Kandasamy, Balaguru from Kotucherry Medu area, Ravi from Akkampettai area, Vasanth from Klinjalmedu area, S. Murugan from ...Read More >
Kolkata, July 15: As many as 34 fishermen, mostly hailing from the coastal belt of Kakdwip in South 24 Parganas district of West Bengal, have been detained by the Bangladesh administration after their fishing trawlers allegedly crossed the international waters and entered the neighbouring country's coastline. As per information communicated to the West Bengal government, the incident took place late on the night of July 13, and the matter was communicated to the Indian and the West Bengal administration officially by the Bangladesh government on Tuesday morning. Tamil Nadu: 8 Indian Fishermen ...Read More >
Chennai (Tamil Nadu) [India], September 16 (ANI): Fishermen from Tamil Nadu's Ramanathapuram district, who were arrested by the Sri Lankan Navy for allegedly crossing the maritime boundary while fishing returned to Chennai after being released upon payment of a fine of Rs. 5 lakhs each. At Chennai airport, after completing customs and immigration procedures, they were received by Fisheries Department officials. Also Read | Boney Kapoor Recalls Cherished Memory With PM Narendra Modi, Says 'He Called Me by My Name and Greeted Me Warmly' (Watch Video). Fishermen who had ventured into the sea o ...Read More >
Colombo, Sept. 28 (Daily Mirror) - The Sri Lanka Navy, in coordination with the Coast Guard, seized an Indian fishing boat and apprehended 12 Indian fishermen for illegal fishing off Delft Island in Jaffna during early morning operations today. The Northern Naval Command, continuing its efforts to protect local fishermen's livelihoods, regularly patrols Sri Lankan waters to curb foreign poaching. Naval personnel deployed to drive away intruding boats successfully conducted a compliant boarding, resulting in the seizure. The captured boat and fishermen were handed over to the Fisheries Inspec ...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 >
Rameswaram (Tamil Nadu) [India], July 13 (ANI): Seven Indian fishermen were arrested by the Sri Lankan Navy on Sunday morning for allegedly fishing across the maritime border between the two countries, Rameswaram Fishermen Association said. As per the association, at around 5 am, the Sri Lankan Navy apprehended the crew of the fishing boat IND-TN-10-MM-746, belonging to V Isaac Paul of Rameswaram Thangachimadam, on the charges of crossing the international maritime boundary. The arrested fishermen, identified as P Tuthar (40) of Thangachimadam Raja Nagar, P Edison (51) of Thangachimadam Wala ...Read More >
The Indian Coast Guard said it rescued 31 fishermen stranded aboard the fishing boat IFB Sant Anton-I, which had been adrift in the Arabian Sea for 11 days due to a steering gear failure. IMAGE: The 31 fishermen after being rescued by the Coast Guard. Photograph: ANI Photo/Coast Guard The Goa-based vessel was reported missing about 100 nautical miles off New Mangalore, prompting swift action from the ICG's Karnataka headquarters. According to a press release issued on Sunday, the ICG deployed ...Read More >
Mumbai On High Alert: Unidentified Boat Spotted Near Raigad Coast; Security Protocols Increased (VIDEO) | Representatinal Image A high-alert security scare off the Raigad coast late on Saturday evening triggered a swift and extensive response from the Mumbai Crime Branch, Raigad Police, and multiple maritime security agencies. The suspected Pakistani boat, which was initially believed to pose a possible infiltration threat, was ultimately identified as a floating fishing net buoy commonly used by local fishermen.The suspected Pakistani boat, which was initially believed to pose a possible inf ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Udupi: Three fishermen have gone missing after their traditional fishing boat capsized off the Gangolli coast in Udupi district. The missing have been identified as Suresh Kharvi, Rohith Kharvi and Jagadish Kharvi of Malyarubettu. They were part of a group of four fishermen who had ventured into the sea for fishing in a boat owned by Suresh Kharvi. According to sources, the sea turned rough during the trip. When the fishermen attempted to return to shore, the boat reportedly overturned due to t ...Read More >
UDUPI: The body of a missing fisherman was recovered on Wednesday evening. The deceased is Jagannath, 50.In a complaint, Akash said that his uncle went fishing on June 15 at around 6 am, along with Suresh, Lohith, and Santosh in a gillnet fishing boat named Sri Hakrematha Yaksheshwari. After completing their fishing trip, they were returning and nearing the outer gate of the Gangolli port when they were caught in a sudden and intense storm. A strong wave hit the boat, causing all four men to fall into the sea along with the boat.Of the four, Santosh was rescued by fishermen from a nearby boat, ...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 >
Stalin also raised concern over the 2018 amendment to Sri Lanka's Fisheries Act. Chennai: Tamil Nadu Chief Minister MK Stalin has written to Prime Minister Narendra Modi, urging him to take up key issues concerning the state's fishermen with the visiting Sri Lankan Prime Minister, Harini Amarasuriya, during her three-day India visit from October 16 to 18. In his letter, Stalin sought the Prime Minister's intervention to press for the retrieval of Katchatheevu Island, the release of 76 Indian f ...Read More >
KOCHI: Stranded at sea, with no food and no land at sight, 40-year-old Ranjumoni Sonowal kept on swimming for 36 hours clinging on to two plastic cans. By the time Indian Coast Guard ship Arnvesh found him, Ranjumoni was weak and dehydrated. Ranjumoni, a fisherman employed by Tamil Nadu-registered mechanised fishing vessel 'Zion', went missing late on March 30 night when the vessel was returning.The incident happened nearly 27km off the Kochi coast. The boat workers informed Maritime Rescue Coordination Centre in Mumbai, which issued an alert to the Maritime Rescue Sub Centre in Kochi. The C ...Read More >
Chennai, Jul 13 (PTI) Tamil Nadu Chief Minister MK Stalin on Sunday wrote to External Affairs Minister S Jaishankar apprising him of the arrest of seven fishermen by Sri Lanka and sought steps for their release. At present, 232 Tamil Nadu fishing boats and 50 fishermen are being held by the Sri Lankan authorities, and action should be taken to get the fishermen and their boats released, the CM urged the Centre. In the early hours of July 13, seven fishermen, along with their mechanised fishing boat were taken into custody by Sri Lankan Navy, Stalin conveyed to Jaishankar in a letter. On the ...Read More >
Bhubaneswar: Four fishermen from Kankadapal village under Baliapal block in Odisha's Balasore district have gone missing after setting out to sea early Saturday morning. A massive search operation involving multiple agencies is currently underway. The missing have been identified as Gopalgiri, his sons Madhusudan Giri and Rabindra Giri, and Madhusudan's brother-in-law, Jagannath Pal -- all members of the same extended family. According to local sources, the group left the shore around 8 am in a motorised fishing boat, following their routine schedule. However, when they failed to return by n ...Read More >
New Delhi [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. The awards were conferred to honour and recognise bravery, leadership, professional achievement, and distinguished service of Naval Personnel. Also Read | Ludhiana Suicide Case: Elderly Business Couple Dies by Suicide After Alleged Harassment by Bank Officials Over Loan Repayment, Probe Underway. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thir ...Read More >
Namsai (Arunachal Pradesh) [India], July 9 (ANI): Arunachal Pradesh Deputy Chief Minister Chowna Mein has launched the Nadi Utsav 2025 at Namsai in a bid to conserve aquatic life and restore fish populations in the river systems. As part of the initiative, 30,000 fingerlings of various fish species, including Rohu, Catla, Mrigal, Grass Carp, Labeo Gonius, and Labeo Kalbasu, were released into the Marua, Teang, and Namtenga rivers on Tuesday. The release also included endangered local freshwater species such as Pavi, Pahum, and Palao, with the goal of restoring their populations in the riveri ...Read More >
Chennai, June 29 (SocialNews.XYZ) Eight fishermen from Tamil Nadu were arrested by the Sri Lankan Navy during early Sunday hours, allegedly for crossing the International Maritime Boundary Line (IMBL) into Sri Lankan waters. The fishermen had set out from Rameswaram on Saturday night and were taken into custody along with their boat, which was also seized by the Sri Lankan naval authorities. According to fisheries department officials, the fishermen were operating near Delft Island when they were intercepted by a Sri Lankan naval patrol. The Sri Lankan authorities charged the fishermen with ...Read More >
Rameswaram (Tamil Nadu) [India], July 13 (ANI): Seven Indian fishermen were arrested by the Sri Lankan Navy on Sunday morning for allegedly fishing across the maritime border between the two countries, Rameswaram Fishermen Association said. As per the association, at around 5 am, the Sri Lankan Navy apprehended the crew of the fishing boat 'IND-TN-10-MM-746', belonging to V Isaac Paul of Rameswaram's Thangachimadam, on the charges of crossing the international maritime boundary. Also Read | Biggest Piece of Mars on Earth (NWA 16788) Going Up for Auction in New York; Could Sell for USD 4 Mill ...Read More >
Kochi, Sep 29 (SocialNews.XYZ) India is set to launch an onboard electronic observer (e-observer) system to remotely monitor and record marine fish catches, Union Fisheries Secretary Abhilaksh Likhi announced on Monday. The initiative, being developed by the Fishery Survey of India (FSI) under the Fisheries Ministry, aims to provide accurate, science-based data for stock assessment and sustainable fisheries management. Addressing the inauguration of a five-day global workshop on species identification organised by the Indian Ocean Tuna Commission (IOTC) and the FSI in Kochi, Likhi emphasised ...Read More >
VISAKHAPATNAM: Families of eight fishermen from Vizianagaram district, who were detained by Bangladesh authorities, are anxiously awaiting their safe return. The detained fishermen have been identified as Marupilli Chinna Appanna, M Ramesh, Surada Appalakonda, M Praveen, S Ramu, M Chinna, N Ramana and V Seethaiah. The fishermen were aboard a mechanised fishing vessel (IND-AP-V5-MM-735), owned by Vaddadi Satyanarayana of Relli Veedhi in Visakhapatnam. The fishermen, who set out from Visakhapatnam Fishing Harbour on October 13, were intercepted by the Bangladesh Navy on October 22. Speaking ...Read More >
Chennai, July 13 (SocialNews.XYZ) In yet another mid-sea confrontation, seven Indian fishermen from Rameswaram in Tamil Nadu were arrested by the Sri Lankan Navy in the early hours of Sunday for allegedly crossing the International maritime boundary line (IMBL), police officials said. Their mechanised trawler was also seized. According to the police, the arrested fishermen were on a boat owned by V. Isaac Paul of Thangachimadam. They were part of a larger fishing fleet that had ventured outside on Saturday after receiving tokens from the Fisheries department -- a total of 456 trawlers were ...Read More >
Kochi: A 40-year-old fisherman who went missing from a fishing vessel was rescued after drifting alone at sea for nearly 36 hours without food or water, in a search operation carried out by the Indian Coast Guard (ICG) off the Kochi coast. The rescued man has been identified as Ranjumoni Sonowal, a crew member of the Tamil Nadu-registered mechanised fishing vessel Zion. He went missing late on the night of March 30 while the vessel was returning to the coast after fishing in the outer sea. According to the ICG, Sonowal was found nearly 27 kilometres off the Kochi coast, where he had been afl ...Read More >
New Delhi, April 2 (UNI) India is working towards bringing into force a free trade agreement with Oman from May 1, Commerce and Industry Minister Piyush Goyal said on Thursday at a presser after a series of engagements at the 14th Ministerial Conference of the World Trade Organization in Cameroon. Highlighting the outcome of his bilateral meeting with Oman's leadership, Goyal said, "We are working towards bringing into effect the agreement with Oman... on 1st of May 2026," signalling a key step in expanding India's trade footprint in West Asia. The announcement came alongside a broader set o ...Read More >
Chennai (Tamil Nadu) [India], April 7 (ANI): 30 Indian fishermen arrived in Sri Lanka on Tuesday and made their way back home safely. 21 of them were from Ramanathapuram, while 9 others were from Karaikal The fishermen, hailing from Nagapattinam, Mayiladuthurai, and Karaikal regions, had ventured into the sea on February 15 in two boats for fishing. Also Read | Middle East Conflict: Iran Calls for Human Chains Around Power Plants As Donald Trump's Deadline Nears To Reopen Strait of Hormuz. They were alleged to have crossed the International Maritime Boundary Line, and were thus apprehended ...Read More >
RAMANATHAPURAM: The Sri Lankan Navy apprehended one Indian fishing boat carrying eight fishermen from Rameswaram for allegedly crossing the International Maritime Boundary Line (IMBL) in the early hours of Sunday. This marks the first arrest since the commencement of the annual fishing ban. According to official sources from the Fisheries Department, around 300 mechanised fishing boats from the Rameswaram north port ventured into the sea on Saturday. On Sunday, while returning to shore, some fishermen reportedly drifted beyond the IMBL. The Sri Lankan Navy chased away the Indian fishing boat ...Read More >
New Delhi [India], July 19 (ANI): Thirty Four Indian fishermen, along with two of their Indian fishing trawlers, FB Jhor and FB MaMagalChandi were apprehended by Bangladesh authorities near Mongla for allegedly crossing the International Maritime Boundary Line and fishing in Bangladeshi territorial waters, sources said on Friday. The incident took place on the intervening night of July 14-15. The matter was taken up with the Indian High Commission in Bangladesh as soon as information about the incident was received, sources said. 'As soon as information about the incident was received, our H ...Read More >
MANGALURU: The Indian Coast Guard (ICG) successfully rescued 31 fishermen from the fishing boat IFB Sant Anton-I, which had been adrift at sea for 11 days due to a steering gear breakdown. The vessel, based in Goa, lost control while at sea, prompting the Indian Coast Guard Headquarters No. 3 (Karnataka) to launch an immediate rescue operation on October 24, 2025. ICGS Kasturba Gandhi, which was on routine patrol, was diverted to the vessel's last known position, about 100 nautical miles off New Mangalore. Meanwhile, a Coast Guard Dornier aircraft from Kochi was deployed to locate the driftin ...Read More >