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.
Bengaluru, June 29 (SocialNews.XYZ) The Karnataka government has issued directions to initiate a crackdown on charging of excessive fares by app-based and other auto-rickshaws in Bengaluru city. The order specifically cites instances of cab aggregators like Rapido and Auto O Apps charging exorbitant fares, terming it "daylight robbery". Minister for Transport Ramalinga Reddy has issued orders in this regard to the Commissioner of Transport and Road Safety, Department of Transport. "Strict action must be taken against app-based or any other type of autos that charge more than the government-set fare in Bengaluru city," the minister stated. He further said that if there are complaints from passengers regarding demands for higher fares than the fixed rate, cancellations of rides if the higher fare is not paid, or charging exorbitant amounts, immediate action should be taken. This includes cancelling the permits of such autos and registering cases against them. Minister Reddy further noted that, on June 18, the Rapido Auto app charged Rs 100.89 per km, while the Auto O app charged Rs 184.19 for a 4-km journey. Minister Reddy termed this as "daylight robbery" and stated that such exploitation of the public is unacceptable. He emphasised that strict and urgent action must be taken. "Although the Transport Department has already registered cases against auto drivers who refuse to accept fares or demand excessive amounts, complaints continue to pour in from the public. Along with this letter, I have attached mobile screenshots sent by the public as evidence of overcharging, for further appropriate action," Minister Reddy added. He directed officials to immediately formulate an effective action plan to protect the public interest and take stern action against the offending auto drivers and owners. Minister Reddy has also attached ten copies of the complaint contents along with the order for reference. These complaints allege that Karnataka auto-rickshaw drivers are taking advantage of the ongoing ban on bike taxi services and the crackdown on bike taxis by charging exorbitant fares to commuters. Commuters have raised a series of concerns, including refusal of rides, demands for extra money, and refusal to operate using the meter, among others.
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
Air India is also offering additional discounts through various payment offers, so you can enjoy even more savings. Air India has launched its limited-time Black Friday Sale, offering up to 20 percent off base fares for domestic flights and up to 12 percent off on international flights to destinations like the United States, Europe (including the UK), Australia, Southeast Asia, and South Asia. The sale is available exclusively on Air India's official website and mobile apps for iOS and Android. The sale runs from 00:01 IST on 29 November 2024 to 23:59 IST on 2 December 2024. The travel peri ...Read More >
Hyderabad, Dec 5 (Maxim News): Chief Minister Revanth Reddy launched the Indiramma House Survey mobile application on Thursday morning. The selection of the beneficiaries of the housing scheme will be done from tomorrow (Friday) through this app. Click Here To Join Us On WhatsApp Speaking on this occasion, Chief Minister Revanth Reddy said that the Indiramma house scheme was started with Rs. 10 thousand. Today it has reached Rs. 5 lakh. He said that they are providing financial assistance at the rate of Rs. 5 lakh to each poor person for the construction of a house. It is everyone's dream t ...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 12 (PTI) The Rs 8,000 crore initial share sale of supermarket chain Vishal Mega Mart got fully subscribed on the second day of bidding on Thursday, ending with 1.53 times subscription. The three-day initial public offer (IPO) got bids for 1,15,74,96,150 shares against 75,67,56,757 shares on offer, according to data available with the NSE. The portion for non-institutional investors attracted 3.80 times subscription while the share of Retail Individual Investors (RIIs) got subscribed 1.16 times. The category for Qualified Institutional Buyers (QIBs) received 48 per cent subscri ...Read More >
Bengaluru, Feb 4 (SocialNews.XYZ) In a major Regional Transport Office operation, 30 luxury cars, including Ferrari and Porsche, were seized for alleged tax evasion in Bengaluru. The seizure of luxury cars is done for non-payment of taxes by the owners, an RTO official said on Monday. The seized vehicles were registered in different states but illegally driven in Karnataka. This operation is expected to recover around Rs 3 crore in taxes. Luxury cars, including Maserati, Ferrari, Porsche, Range Rover, and BMW have been seized, the sources said. These top-end cars were registered in states ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
Shares of NMDC, steel stocks faced selling pressure on December 18 as the Siddaramaiah-led Karnataka government tabled a bill to tax mines and mining land. NMDC, JSW Steel, Tata Steel, SAIL stocks were trading in red, with NMDC stock bearing the brunt of the fall by falling 5% as CNBC-TV18 reported that the Karnataka government might hike duty on iron ore. At 12:30 pm on December 18, NMDC shares were trading 6% lower at Rs 213.49 apiece, the biggest fall in 18 weeks. Karnataka is an important s ...Read More >
Bengaluru: A massive investment scam using a fake app named Trump Hotel Rental has duped over 800 investors across Karnataka, with more than 200 filing complaints after collectively losing nearly Rs 2 crore. The app, which used AI-generated videos and images of former US President Donald Trump to appear legitimate, has now been taken down. Authorities say the fraud operated for at least 5-6 months before being exposed. AI-Backed Scam Promised Sky-High Returns According to cybercrime officials, the now-defunct app lured users with fake promises of remote job opportunities and lucrative inves ...Read More >
Bengaluru (Karnataka) [India], June 8 (ANI): Bharatiya Janata Party (BJP) MLA CN Ashwath Narayan has demanded the resignation of Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister DK Shivakumar, and state Home Minister G Parameshwara following the stampede outside Chinnaswamy Stadium during Royal Challengers Bengaluru's (RCB) IPL victory celebrations, which resulted in 11 deaths. MLA Narayan claimed that the tragedy happened due to the 'irresponsibility' of the Congress government. While speaking to ANI on Sunday, he said, '... People lost their lives due to the irresponsibility of ...Read More >
Chief Minister A. Revanth Reddy has announced that the Telangana Government will seek the Central Government's assistance for the construction of Indiramma houses to fulfil the Congress promise of providing houses to all shelterless families. 4.5 lakh houses, ₹5 lakh assistance The government has taken up construction of 3,500 houses each in the 119 assembly constituencies totalling to 4.5 lakh houses in the first phase and has decided to provide financial assistance of ₹5 lakh in four inst ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): The Karnataka State Cricket Association (KSCA) held a key meeting on Friday to decide the next course of action following the stampede incident outside M Chinnaswamy Stadium in Bengaluru. The meeting was being chaired by KSCA President Raghuram Bhat. Also Read | SSC Recruitment 2025: Staff Selection Commission Releases Stenographer Grade C & D Exam 2025 Notification, Know How To Apply at ssc.gov.in. More details are awaited. Earlier in the day, top senior officials of Karnataka State Cricket Association (KSCA), secretary A Shankar and treasurer ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): The Karnataka State Cricket Association (KSCA) held a key meeting on Friday to decide the next course of action following the stampede incident outside M Chinnaswamy Stadium in Bengaluru. The meeting was being chaired by KSCA President Raghuram Bhat. More details are awaited. Earlier in the day, top senior officials of Karnataka State Cricket Association (KSCA), secretary A Shankar and treasurer ES Jairam, tendered their resignations from their posts, taking 'moral responsibility' for the stampede that took place near M Chinnaswamy Stadium on Wed ...Read More >
The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha 'hastily', surfaced now Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. Karnataka CM Siddaramaiah said, "The police department did not give comprehensive information about the police security arrangements at the ...Read More >
Police officials said the man, from Visakhapatnam, had already paid the principal amount but was being hounded for a huge amount as interest. The man's family has lodged complaints with the police commissioner and the district collector. Hyderabad: Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old died by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married. Police officials said Narendra, who catches fish for a living, ...Read More >
Fancy goats to sheep and more: A look at Kolkata's preparations ahead of Eid-al-Adha A day ahead of Eid-al-Adha, the Muslim festival that celebrates faith, gratitude and giving, Kolkata's goat markets were decked up as preparations for the festival, better known as Bakri Eid, got underway. On Zakaria Street, near the Nakhoda Masjid, was Lablaba Khan, a brown goat with white and black markings. Lablaba Khan's owner quoted a price of Rs 25 lakhs Not just goats, even sheep were being sold near Zakaria Street, with the price being quoted at Rs 45,000 per sheep This goat had a red ribbon tied i ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...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 >
Bengaluru Stampede: Days after the tragic Karnataka stampede incident, in which 11 people lost their lives and several others were injured, a letter from the Deputy Commissioner of Police (DCP), Vidhana Soudha Division, Bengaluru, has surfaced showing that the police had warned against holding the Royal Challengers Bengaluru (RCB) felicitation event and cited security concerns. The fans had gathered outside the M Chinnaswamy Stadium to cheer on for RCB, who had lifted the trophy in the IPL for the first time in 18 years. The letter reportedly by Vidhana Soudha's DCP MN Karibasavana Gowda, da ...Read More >
New Delhi, Jun 8 (PTI) Aam Aadmi Party's Rajya Sabha MP Sanjay Singh and Delhi unit chief Saurabh Bharadwaj on Sunday visited the demolition site of the Madrasi Camp slum cluster, where they met with displaced residents, and intensified their attack on the BJP over the recent eviction drive. They alleged that Prime Minister Modi's promise to slum dwellers of 'jahan jhuggi wahan makan' - house at the site of their hutment - has "proved to be hollow like many others". There was no immediate response available from the BJP or the Delhi government over the accusations. The Madrasi Camp -- a jhu ...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 >
Hyderabad: Launched on June 1, 2017, T-Wallet holds the distinction of being India's first State-managed digital wallet. Introduced by the Telangana government, the platform was designed to facilitate smooth digital transactions for both government and private payments, transforming how citizens interact with digital financial services. Since its inception during the 2016 demonetization period, T-Wallet has registered 16 lakh users and processed over four crore transactions in its eight-year journey. The platform has steadily grown, becoming a key driver of digital payments across Telangana. ...Read More >
Mumbai: An auto rickshaw driver, who earns Rs 5-8 lakh per month is garnering peoples' attention due to a unique way, but the catch is, he's earning all this money without driving his vehicle. The auto driver offers a simple 'bag-holding' service to visa applicants just outside the US Consulate. This 'no tech, no formal business plan, and no startup funding' brilliance has netizens lauding the driver's business plan. Rahul Rupani, a product leader at Lenskart, shared the auto driver's story on LinkedIn regarding his experience at the US Consulate. Rahul was outside the US Consulate for his ...Read More >
Neeraj Chopra's invitational javelin event - NC Classic 2025 - has been rescheduled to be held on July 5 in Bengaluru, organisers JSW Sports confirmed on Tuesday. The NC Classic was postponed from its original May 24 date last month due to the India-Pakistan cross-border conflict last month. Some of the world's top stars are set to line up for the event at the Kanteerava Stadium next month. Former World Champions Anderson Peters and Julius Yego, as well as Rio 2016 champion Thomas Rohler, were a ...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 >
Bengaluru (Karnataka) [India], June 8 (ANI): BJP leader CT Ravi has condemned the Karnataka government over the stampede tragedy outside Chinnaswamy Stadium during RCB's IPL victory celebrations, which claimed 11 lives. Ravi held Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar responsible for the tragedy, saying that 'such an event could only have been organized with their permission.' Speaking to ANI on Sunday, Ravi said, 'Such an event could have only been organised with the CM and Dy CM's permission. They are the reason behind this tragedy... Can they bring back the peo ...Read More >
Bengaluru (Karnataka) [India], May 23 (ANI): Workers of Pro Kannada organisations staged protest in Bengaluru demanding the removal of actress Tamannah Bhatia as the brand ambassador from Karnataka Soaps and detergents limited (KSDL). The actress has been offered an amount of Rs 6.2 crore to work the brand. Meanwhile, Karnataka Large and medium Industries Minister MB Patil stated that the locals of Karnataka were extremely unhappy with the appointment of actress Tamannah Bhatia as an ambassador of the KSDL products. Also Read | West Bengal: 13-Year-Old Boy Accused of Stealing Chips Dies by S ...Read More >