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], June 29 : India has imposed port restrictions on the import of jute and several of ... New Delhi [India], June 29 : India has imposed port restrictions on the import of jute and several of its derivatives from Bangladesh, with immediate effect, an official from Directorate General of Foreign Trade (DGFT) said. The restriction have been put on flax tow and waste (including yarn waste and garnetted stock); jute and other textile bast fibers, raw or retted; jute (excluding flax, true hemp and ramie); single flax yarn; single yarn of jute or of other textile bast fibers; multiple folded; woven fabrics or flax; and unbleached woven fabrics of jute or of other textile based fibers. Import of such items from Bangladesh shall not be allowed from any land port on India-Bangladesh border, DGFT said. However, it is allowed only through Nhava Sheva seaport in Mumbai. According to DGFT notification dated June 27, these restrictions, however, will not apply to Bangladeshi exports to Nepal and Bhutan transiting through India. But, re-export of such Bangladeshi goods to India from Nepal or Bhutan will not be allowed, DGFT added. On May 17, India had imposed restrictions on the import of Bangladeshi ready-made garments (RMG) and other products through its northeastern land ports Assam, Meghalaya, Tripura, Mizoram and Fulbari and Changrabandha in West Bengal, weeks after controversial remarks made by Bangladesh's interim chief advisor Muhammad Yunus about the India's northeastern region, during his visit to China. During a speech in China, Bangladesh's Chief Adviser Yunus had described India's northeastern states as a "landlocked region with no access to the ocean." This comment has sparked diplomatic friction, with Indian officials viewing it as undermining the region's connectivity. The May 17 restrictions forced Bangladesh to reroute exports including Ready-Made garments (RMG), plastics, melamine, furniture, juices, carbonated drinks, bakery items, confectionery, and processed foods through Kolkata port in West Bengal or Nhava Sheva port in Maharashtra, sharply increasing logistics costs. The directive made clear that imports of essential items like fish, LPG, edible oil, and crushed stone remain unaffected. Goods transiting through India from Bangladesh to Nepal and Bhutan were also exempt. The Centre had imposed land port restrictions on certain Bangladeshi exports to the northeastern states, a move that sources had then said was aimed at restoring "equality in the relationship". The sources had further said that while India had hitherto allowed all exports from Bangladesh without restrictions, the transit and market access to India's northeast region had been restricted by Bangladesh. The sources further said that the relationship with Bangladesh will now be on "reciprocal terms". India limiting imports from Bangladesh to only two seaports, according to the sources, was a reciprocal measure to Bangladesh which had imposed similar trade restrictions on Indian yarn and rice, besides selectively enhancing inspection on all Indian goods exported to Bangladesh. The sources further noted that Bangladesh needed to realise that "it cannot cherry pick terms of bilateral trade solely for its benefit or assume North East is a captive market for its exports, while denying it market access and transit." Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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 >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...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 >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. "These efforts aim to build modern, multimodal logistics systems w ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
Guwahati, Jun 8 (PTI) Eminent personalities and residents of the capital city of Assam on Sunday slammed the BJP-led government for cutting dozens of trees on the pretext of translocating a few of them for construction of a flyover in the heart of Guwahati. Students of Cotton University took out a march from their campus to Ambari area in protest of felling of the trees, but they were stopped by police. The government is constructing a four-lane 5.05 km long flyover, the longest in the city, from Dighalipukhuri tank to Noonmati at a cost of Rs 852.68 crore. It is scheduled to become operatio ...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 >
Agartala (Tripura) [India], December 10 (ANI): Union Home Minister Amit Shah will visit Tripura on December 20 as the state will host the 72nd Plenary Session of the North Eastern Council (NEC) on December 20-21, said Tripura Chief Minister Manik Saha. It is the first time that Tripura will host a Plenary Session of the North Eastern Council (NEC). Also Read | Morena: Former Serviceman Shoots Wife, Tries To Kill His 2 Sons Before Turning Pistol on Himself After Dispute in Madhya Pradesh; Probe On. CM Saha said that it is a matter of great happiness for the state and preparations are being m ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...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 >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...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 >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...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 >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. Also Read | MSC IRINA, World's Largest Container Ship, To Make Historic Debut at Vizhinjam International Seaport. The MSC IRINA boasts an impressive capacity of 2 ...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 >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...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 >
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. The Roadshow will feature B2G meetings, offering a unique opportunity for potential investors to inte ...Read More >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >
Bengaluru, 26th May 2025: The Ministry of Skill Development and Entrepreneurship (MSDE) will convene the 38th Meeting of the Central Apprenticeship Council (CAC) on 26th May 2025 at Vigyan Bhawan, New Delhi. The Council, reconstituted in October 2024 under the chairmanship of Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), MSDE, plays a pivotal role in advising the Government on key policies related to apprenticeship training across the country. The last CAC meeting was held in June 2021. Since then, India's apprenticeship landscape has evolved considerably -- with over ...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 >
Mumbai, Jun 8 (PTI) Shiv Sena (UBT) leader Aaditya Thackeray on Sunday said his party is ready to come together with anyone who will work to protect the interests of Maharashtra and Marathi manoos, his statement coming amid the rapprochement buzz between the Uddhav Thackeray-led party and Raj Thackeray's Maharashtra Navnirman Sena (MNS). Talking to reporters here, Thackeray accused the BJP of "swallowing" Mumbai and Maharashtra. He said injustice is being meted out to Maharashtra by the BJP. "We have been saying this consistently. We are ready to work with anyone, any party that is ready to ...Read More >