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.
Energean has revised its production forecast for 2024 due to reduced sales in Israel, influenced by weather and market conditions. Despite these challenges, operations continue efficiently, ensuring energy security. Analysts remain optimistic about production growth from the Karish field in the upcoming year. Gas producer Energean announced a downward revision of its full-year 2024 production forecast on Thursday, citing reduced sales in Israel due to adverse weather conditions. The new forecast ranges between 150,000 and 155,000 barrels of oil equivalent per day (boepd), down from an earlier estimate of 155,000-165,000 boepd. The company's third-quarter production exceeded expectations, averaging 135,000 boepd, surpassing Peel Hunt Research's estimate of 120,000 boepd. Energean attributed the adjustment in forecast to lower sales in Israel during November and projections of stagnant sales in December. Despite these sales challenges, Energean stated that core production operations in Israel remain stable, unaffected by ongoing geopolitical tensions in the region. CEO Mathios Rigas assured that the company continues to provide energy security through optimized production from its FPSO facility, achieving a 99% uptime rate.
BALASORE: In a heart-wrenching incident, a man was forced to carry his 17-year-old daughter's body on a trolley rickshaw for around 7 km to a community health centre in Balasore's Baliapal for postmortem after reportedly failing to afford an ambulance. Asha Bindhani, a minor girl suffering from mental illness, reportedly died by suicide on Thursday afternoon in Deula village under Baliapal police limits. After spotting her, locals informed her father Madhu Bindhani and the police. Madhu, a daily wage labourer, rushed to the spot and found his daughter dead. Shortly after, police arrived and ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
Singareni Collieries has earned national-level Five Star Ratings for four of its coal mines under the Ministry of Coal's annual performance evaluation. CMD N. Balram received the awards in Mumbai from Union Minister G. Kishan Reddy, marking a first-time achievement of this scale for SCCL. Peddapalli: Singareni Collieries Company Limited (SCCL) has once again showcased its excellence by securing national-level Five Star Ratings for four coal mines in the last financial year. RG OCP-1 extension fr ...Read More >
The Subansiri Lower Hydroelectric Project Guwahati: After years of uncertainty, protests, and engineering overhauls, NHPC's 2000-MW Subansiri Lower Hydroelectric Project -- India's largest hydroelectric venture -- entered its commissioning phase with the mechanical run of the first turbine generating 250MW on Friday.NHPC statement on X described the wet commissioning of Unit-I as "a landmark moment for India's hydropower landscape", that marked the "beginning of commissioning of the first unit of ...Read More >
New Delhi: Ceigall India is stepping deeper into renewable energy with a sizeable solar project in Madhya Pradesh. Ceigall Green Energy MP Limited has completed the execution of 15 power purchase agreements with Madhya Pradesh Power Management Company Limited. As detailed on page 1, the agreements cover a total awarded capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana. This marks a significant milestone in the company's expansion into the renewable energy sector. The agreements outl ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
EAAA Alternatives, formerly known as Edelweiss Alternatives, has raised a $60 million commitment from the European Investment Bank (EIB) for its India Energy Transition Fund, which targets a corpus of USD 300 million. The fund will be used for investing in renewable energy, energy storage, electric mobility, and other green infrastructure assets. "The fund has a target size of $300 million and will channel equity and quasi-equity into greenfield infrastructure projects and growth-stage companie ...Read More >
The Bihar State Power Generation Company Limited (BSPGCL) on Tuesday signed Memoranda of Understanding (MoUs) with two private developers for the development of 2,120 MW of pumped storage projects in the state, marking a major step towards strengthening Bihar's energy security and renewable energy integration. The MoUs were signed in the presence of Hon'ble Chief Minister Shri Nitish Kumar, Deputy Chief Ministers Shri Samrat Choudhary and Shri Vijay Kumar Sinha, Energy Minister Shri Bijendra Prasad Yadav, and Water Resources Minister Shri Vijay Kumar Chaudhary, along with senior state officia ...Read More >
Adani commits Rs 33,081 crore to Odisha projects. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Adani Group commits Rs 33,081 crore for three major projects in Odisha * Projects include data center, thermal power plant, and cement plant near Cuttack * Data center in Bhubaneswar to support AI, cloud computing, and digital governance Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Adani Group pledged three large-scale infrastructure projects in Odis ...Read More >
New Delhi, April 9 (SocialNews.XYZ) Union Petroleum and Natural Gas Minister Hardeep Singh Puri is set to visit Qatar between April 9 and April 10 to discuss liquefied natural gas (LNG) supplies amid disruptions triggered by the ongoing Iran conflict, the ministry said on Thursday. In a post on X, the Ministry said, "Union Minister for Petroleum & Natural Gas, Hardeep S. Puri, will be on an official visit to the State of Qatar on April 9-10, 2026." India has been ensuring adequate gas availability for households, as global supply chains remain under stress. Earlier, state-run QatarEnergy la ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...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 >
PM Modi is in Oman for a 2-day visit marking 70 years of India-Oman ties. The trip's central focus is the Comprehensive Economic Partnership Agreement (CEPA), a trade pact expected to double bilateral trade and boost energy and food security. In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and st ...Read More >
New Delhi, July 18: Sri Lanka Cricket (SLC) is exploring the possibility of hosting India for a white-ball series in early August, taking advantage of a rare opening in both nations' schedules. Final discussions are expected to take place this week on the sidelines of the ICC meetings in Singapore. This follows after the Bangladesh Cricket Board (BCB) and the Board of Control for Cricket in India (BCCI) mutually agreed to defer the white-ball series, three ODIs and three Twenty20 Internationals, between Bangladesh and India in August 2025 to September 2026. Security concerns due to the state o ...Read More >
PNNAhmedabad (Gujarat) [India], March 30: With growing power demands and the global shift toward sustainable energy, Ahmedabad Solar stands tall as Gujarat's most trusted name in solar energy. As an official channel partner of Tata Power Solar, Ahmedabad Solar has redefined solar energy adoption for homes, industries, and institutions across the state.From its modest beginnings to becoming Ahmedabad's No.1 rooftop solar installer, the company's journey reflects vision, trust, and technological ex ...Read More >
Union Coal and Mines Minister G Kishan Reddy on Friday said several ambitious steps are being taken to reshape the coal mining sector, which will give it a new condition and direction. Speaking at the Central Coalfields Limited (CCL) headquarters in Ranchi, the minister inaugurated the Integrated Command and Control Centre (ICCC), a new system introduced, for the first time, in the coal sector. The ICCC will centralise live data from cameras, sensors, drones, and vehicle tracking systems to moni ...Read More >
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 30th Oct, 2025) Abu Dhabi National Energy Company PJSC (TAQA) announced today the divestment of its 100 percent stake in TAQA Neyveli Power Company Private Limited (TAQA Neyveli) to MEIL Energy Private Limited, an affiliate of Megha Engineering & Infrastructures Limited (MEIL), an India-headquartered, large diversified conglomerate with strong business interests in infrastructure, energy and hi-tech manufacturing for a sale consideration of INR ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooperation. If our appeals are ignored, we will fight and achieve our goal. I am ready to lead this battl ...Read More >
New Delhi [India], April 8 (ANI): The Adani Group pledged three large-scale infrastructure projects in Odisha, focusing on digital infrastructure, energy security, and manufacturing. Karan Adani, Managing Director of Adani Ports and Special Economic Zone, detailed the initiatives at the ground breaking and inauguration ceremony of 36 industrial projects in Khordha. The expansion reflected a long-term commitment to the state's goal of becoming a USD 1.5 trillion economy by 2047. Across these three projects, the total commitment to Odisha stands at Rs 33,081 crore, creating a total of 9,700 job ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contractual appointment system for junior teachers in schools. "We are getting a monthly salary of Rs 16,000 ...Read More >
New Delhi , March 31: India's oil sources coming through the Strait of Hormuz are currently being managed through active diplomacy and dialogue, though industry leaders warn that a prolonged West Asia crisis could have far-reaching consequences for the nation's energy security. Speaking to ANI on the sidelines of the PHDCCI's Hydrocarbons Summit 2026 held in Delhi on Tuesday, experts highlighted that while immediate supplies remain steady, the volatility in international markets necessitates a shift toward domestic production and broader procurement bases. Ranjeet Mehta, CEO and Secretary Gene ...Read More >
India imports 50 per cent of its LNG stocks from the international market. New Delhi: Union Petroleum and Natural Gas Minister Hardeep Singh Puri is on a two-day visit to Qatar today and tomorrow amid concerns over energy supplies triggered by the Iran war. Why his visit matters India imports 50 per cent of its LNG stocks from the international market, oil economist Kirit Parikh said. Out of this, 40 per cent stocks are sourced from Qatar. However, much of India's imports have been severely d ...Read More >
New Delhi, India - New Era Cleantech Solutions Private Limited is celebrating a major milestone with a newly awarded financial incentive from the Ministry of Coal, Government of India. This significant achievement highlights their groundbreaking Coal Gasification and Carbon Capture Utilization (CCU) project designed to achieve net-zero emissions by capturing all CO₂ emissions produced during gasification. The initiative stands as India's first and largest commercial-scale project in this sector. Announced under the ₹8,500 crore Financial Incentive Scheme, approved by the Cabinet, this support ...Read More >
HYDERABAD: State BJP president N Ramchander Rao on Thursday slammed the Congress government and Chief Minister A Revanth Reddy for failing to address farmers' issues despite completing 19 months in office. Speaking at the Kisan Morcha state office-bearers' meeting at the BJP headquarters in Hyderabad, he accused the state government of neglecting farmers due to its skewed policies. He urged party workers to collaborate with the Kisan Morcha to highlight farmers' grievances and counter the Congress' "anti-farmer" stance. He directed the Morcha members to launch agitations, gather grassroots- ...Read More >
Bengaluru : L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro (L&T), has entered into a Joint Development Agreement with ITOCHU Corporation of Japan to develop and commercialise a 300 KTPA green ammonia project at Kandla in Gujarat. Under the agreement, LTEG and ITOCHU will collaborate on the development of the green ammonia facility, with ITOCHU planning to offtake the product for bunkering applications in Singapore. The partnership marks a significant step in advancing clean energy solutions for the maritime sector and aligns with both L&T and ITOCHU's commitment ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances of EVM counting being completed before postal ballot counting. INDIA bloc had, during the 2024 elec ...Read More >
New Delhi, Apr 2 (PTI) Ceigall India on Thursday said that its arm Ceigall Green Energy MP Ltd has signed 15 power purchase agreements with Madhya Pradesh Power Management Company for supplying electricity from a 130-MW solar capacity under the Surya Mitra Krishi Feeder Yojana. As per the agreements, Ceigall Green Energy MP Ltd will implement, operate, maintain, and supply power from its solar photovoltaic generating stations for 25 years at Rs 2.85 per unit, a company statement said. The Surya Mitra Krishi Feeder Yojana is aimed at providing reliable daytime power to the agricultural sector ...Read More >
Dabhol (Maharashtra) [India], June 6 (ANI): GAIL successfully berthed the first LNG vessel at Dabhol terminal. The vessel, GAIL Bhuwan, was received on June 2, 2025, by Sandeep Kumar Gupta, Chairman & Managing Director, and Sanjay Kumar, Director (Marketing), GAIL, marking the commencement of uninterrupted, round-the-year operations at the terminal. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weather port, which is a critical transformation that ensures safe and reliable LNG operations even during the So ...Read More >
Mumbai (Maharashtra) [India], July 9: The Indian Venture and Alternate Capital Association (IVCA), India's apex industry body for alternate capital, is set to host the inaugural IVCA Renewable Energy Summit 2025 on 15th July in Mumbai. Organised in collaboration with Avendus, EAAA Alternatives, and Singularity Capital, the summit aims to catalyse capital deployment, innovation, and public-private collaboration in the renewable energy space. Also Read | Former England Pacer Stuart Broad Labels Australia's Current Test Top Three 'The Most Muddled' (Watch Video). The summit arrives at a critica ...Read More >