Abtak Logo

Business News

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.

17
BusinessNov 28, 2024 08:28 PM

Andhra Pradesh: Tobacco Seedling Costs Surge Amid Expanding Cultivation

Kurnool: The profitability of tobacco cultivation over the past two to three years has led to a sharp rise in seedling prices, with each bag now costing between Rs 3,000 and Rs 3,500 -- significantly higher than in earlier seasons. Farmers in Prakasam district, buoyed by consistent returns, are planning to expand cultivation beyond the areas approved by the Tobacco Board, despite the financial strain posed by increased seedling costs. During the 2022-23 season, tobacco cultivation exceeded approved limits, covering 61,639 hectares against the sanctioned 57,774 hectares. This year, farmers aim to further increase the cultivated area, encouraged by growing demand and favourable weather conditions. Recent rains have boosted planting activity, intensifying demand for seedlings. A single bundle of seedlings now costs over Rs 2,500. Seedling sales are thriving in tobacco-growing hubs such as Tangutur and Kondapi, which supply high-quality seedlings. Farmers from across the district, including Naguluppalapadu, Cheemakurthy, Ponnaluru, Ongole, and Podili, are purchasing saplings grown in sandy soils. Already, 200 hectares within the Kondapi board limits have been planted. "We are planning to expand our cultivation area despite higher seedling costs. Tobacco has been profitable over the last two to three years, and we are optimistic about prices this year," said Y. Ramanjaneyulu, a farmer from Kondapi. The exceptional quality of this year's crop is driving demand, with premium varieties fetching up to Rs 365 per kilogram. Around 49 companies actively participated in auctions, ensuring farmers received competitive prices for their produce.

Comments

Similar News

40
BusinessFeb 07, 2025 02:07 PM

Kerala Budget 2025: Land tax sees major revision; 50 per cent increase across slabs

Thiruvananthapuram: The state budget has introduced a significant hike in land tax, with rates increasing by 50% across all slabs. The minimum tax rate, previously Rs 5 per are (2.47 cents), has been raised to Rs 7.50, while the highest slab rate has risen from Rs 30 to Rs 45 per are. Kerala Budget 2025: Rs 20 crore allocated for Vijnana Kerala Project to boost student employability The government anticipates an additional revenue of Rs 100 crore through this revision. In panchayat areas, land measuring up to 8.1 ares will now be taxed at Rs 7.50 per are, while for land exceeding this limit, ...Read More >

23
PoliticsJul 06, 2025 12:47 PM

Rain lashes parts of Delhi, IMD predicts light to moderate showers for next two days

New Delhi [India], July 6 (ANI): Rain lashed parts of Delhi on Sunday morning as the India Meteorological Department predicted light to moderate rain accompanied by thunderstorms likely to occur over Delhi during the next two days. IMD Delhi in a press release stated, 'Generally cloudy sky. Light to moderate rain accompanied with thunderstorm/lightning likely to occur over Delhi during next 2 days.' IMD said that there is no large change in minimum temperatures and maximum temperatures in the past 24 hours over Delhi. 'The maximum temperatures were in the range of 36-37C and the minimum tem ...Read More >

40
BusinessAug 19, 2025 10:54 PM

Cabinet clears Rs 1,507-crore greenfield airport project at Kota-Bundi in Rajasthan

Spread across 440 hectares of land provided by the Rajasthan government, the airport will feature a 3,200-metre runway, seven aircraft bays, two link taxiways, and a state-of-the-art terminal building spanning 20,000 sqm. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Tuesday has approved Airports Authority of India's (AAI) proposal to develop a Greenfield Airport at Kota-Bundi, Rajasthan, with an investment of Rs 1,507 crore. Spread across 440 hectares of ...Read More >

27
BusinessJun 07, 2025 04:59 PM

Naxalism waning, discussed two irrigation projects with PM for Bastar's growth: Chhattisgarh CM Sai

Raipur, Jun 7 (PTI) Chhattisgarh Chief Minister Vishnu Deo Sai said on Saturday that he discussed two proposed irrigation projects in the state with Prime Minister Narendra Modi during his visit to Delhi and sought the Centre's nod for them. Sai, who returned to Raipur in the morning, said the PM assured that he would consider the two projects - Bodhghat and Indravati-Mahanadi interlinking work. Crucial for the development of the Bastar region, where Naxalites are retreating, they have been proposed for implementation as national projects, he said. "I met PM Modi ji in Delhi on Friday and sh ...Read More >

28

Flood situation in Arunachal improves; drinking water crisis in Itanagar

Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >

28
PoliticsBusinessJul 19, 2025 06:21 PM

Gujarat tribe members home years after fleeing fearing collective punishment

Around 300 members of Gujarat's Kodarvi tribe have returned to their native Mota Pipodara village in Banaskantha, 11 years after they fled following a murder, fearing collective punishment under Chadotara, a conflict resolution system in some tribal areas. A village council invoked Chadotara and held the Kodarvis responsible for the murder of a man at a late-night gathering of four friends from the Dabhi, Thakor, and Kodarvi communities in 2014. Twenty-nine Kodarvi families fearing violence soon ...Read More >

20
PoliticsAug 04, 2025 01:51 AM

MPBSE urges eligible students to apply for Central Sector Scholarship by Oct 31, check details

The Board of Secondary Education, Madhya Pradesh has called on eligible candidates to apply for fresh and renewal of Central Sector Scholarship for the academic year 2025-26. Candidates must note that the last date of online applications has been fixed as October 31, 2025. Sponsored by the Department of Higher Education, applications or the Central Sector Scheme of Scholarship for College and University students began from June 6, 2025. In an official notice, the board informed that students w ...Read More >

37

Delhi High Court: Adults Have Right To Marry Without Family Interference

New Delhi: The Delhi High Court has reaffirmed that the personal liberty of two consenting adults to marry and live together peacefully is protected under Article 21 of the Indian Constitution. In a recent ruling, the court emphasised that family opposition cannot override this autonomy. Justice Sanjeev Narula stated that the Supreme Court has consistently upheld this principle, directing law enforcement to protect couples from threats or coercion. In this case, the court ordered police protection for a young couple who feared harassment from the woman's family. The couple had solemnised the ...Read More >

22
PoliticsJul 19, 2025 04:45 PM

Gujarat News: AAP MLA Gopal Italia Alleges Savaj Dairy Supplying Chemically Processed Milk, Accuses BJP Leaders Of Corruption

Junagadh: The newly elected Aam Aadmi Party (AAP) MLA from Visavadar constituency, Gopal Italia has levelled serious allegations against the Junagadh-based Savaj Dairy for bringing about 1.50 lakh liters of poisonous chemically processed milk and the BJP leaders at the helm of the affairs are earning crores of rupees. Italia gave this statement during his felicitation ceremony organised at Keshod in Gujarat on Friday night. Gopal Italia, while accusing Savaj Dairy, said that BJP leaders make people consume poisonous milk. Savaj Dairy fills about 3 lakh liters of poisonous milk every day, of w ...Read More >

36
BusinessAug 20, 2025 06:16 PM

GST rejig to give a Rs 2-tln consumption leg-up, shave Rs 85,000 cr off tax revenue

MUMBAI: The proposed GST reforms, announced by the prime minister to be rolled out by Diwali, halving the current four-rate tax structure into two-tier regime at lower rates, though will lead to an estimated average revenue loss of Rs 85,000 crore per annum, will give a big boost to the for-long sagging consumption story to the tune of Rs 1.98 trillion, a report has said. The current GST structure consists of four main rate slabs: 5, 12, 18 and 28%. These rates apply to most goods and services. In addition to these main slabs, there are three special rates as well: 3% on gold, silver, diamond ...Read More >

27
BusinessJul 04, 2025 02:02 AM

Maharashtra Assembly: Congress Leader Vijay Wadettiwar Slams Govt Over Broken Farm Promises, Demands Immediate Loan Waiver And Minister's Resignation

Mumbai: Congress Legislature Party leader Vijay Wadettiwar launched a scathing attack on the Maharashtra government in the Assembly , accusing it of betraying farmers after winning the elections. He demanded an immediate and unconditional farm loan waiver and criticized the formation of committees as an excuse to delay action. Speaking on the opposition's proposal concerning farmers' issues under Rule 293, Wadettiwar said, "Before elections, the ruling alliance promised full loan waivers and fair prices for crops. But now in power, they've slashed compensation amounts and are hiding behind co ...Read More >

23
OtherPoliticsBusinessHealthJul 04, 2025 07:25 AM

Opposition okay with supporting impeach motion against judge: Kiren Rijiju

NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >

21
BusinessAug 04, 2025 11:06 AM

Monsoon Havoc in Himachal: 184 dead, roads and utilities severely hit

Shimla (Himachal Pradesh)[India], August 4 (ANI): Himachal Pradesh remains severely affected by the ongoing 2025 monsoon, with heavy rainfall triggering widespread damage to life and infrastructure. On Tuesday, a total of 309 roads -- including National Highway 305 -- were blocked due to landslides and flash floods. Additionally, 236 water supply schemes and 113 distribution transformers (DTRs) were reported to be non-functional, according to the State Disaster Management Authority (SDMA). The official cumulative report from the State Emergency Operation Centre (SEOC) records 184 fatalities ...Read More >

31
BusinessDec 12, 2024 06:35 PM

Potato crisis: Government set for price intervention through NAFED supply

BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...Read More >

20
OtherPoliticsBusinessHealthJun 27, 2025 01:22 AM

Engineer arrested for LLB student's hit-and-run death in Gurgaon | Noida News - Times of India

Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >

32
BusinessJun 29, 2025 11:45 PM

Mango varieties being experimentally cultivated in Tripura to boost farmers' income: Minister

Agartala, June 29 (SocialNews.XYZ) In a bid to boost the farmers' income, in all 22 foreign improved varieties and 13 indigenous improved varieties of mango are being experimentally cultivated at the Horticulture and Research Centre, at Nagichara in West Tripura, Agriculture and Farmers' Welfare Minister Ratan Lal Nath said on Sunday. Addressing the Monsoon Mango Fiesta-2025 at Narikel Kunj in Gandatwisa under tribal inhabited Dhalai district, the minister said that since the BJP government came to power in 2018, around 706 hectares of new area have been brought under mango cultivation throug ...Read More >

28
BusinessJul 05, 2025 04:05 PM

Himachal Pradesh Rain Fury: Death Toll in Ongoing Monsoon Season Rises to 75, Including 45 Rain-Related Death, 288 Injured | LatestLY

Shimla, July 5: The cumulative death toll in Himachal Pradesh's ongoing monsoon season has climbed to 75, combining 45 rain-related fatalities and 30 accidental deaths, including those from road mishaps, electrocution, and a gas explosion, according to official data released by the State Emergency Operations Centre (SEOC). The State Emergency Operations Centre (SEOC) released data covering the period from June 20 to July 4, 2025, which showed large-scale destruction across the hill state. The seasonal damage report, covering the period from June 20 to July 4, 2025, paints a grim picture of de ...Read More >

16
OtherPoliticsBusinessJul 08, 2025 01:21 AM

11th India Maize Summit: Union Minister Shivraj Singh Chouhan unveils vision for Maize Revolution

New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >

33
BusinessAug 02, 2025 05:14 AM

Cabinet extends irrigation scheme for 5 years | Bhubaneswar News - Times of India

Bhubaneswar: State cabinet on Friday approved to extend the Mukhyamantri Adibandha Tiyari Yojana meant for irrigation for another five years, from 2025-26 to 2029-30, at an estimated budget of Rs 2,738 crore.Briefing media persons, chief secretary Manoj Ahuja said the scheme is set to create an additional 57,525 hectares of irrigation potential and restore 41,713 hectares of existing capacity. "This is the third phase of extension for five years," he said.A govt statement said the extension includes the construction of 3,313 new check dams and the improvement of 3,529 existing ones, aiming to ...Read More >

18

IISc, startup develop magnetic nanobots to treat tooth sensitivity | Bengaluru News - Times of India

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 >

22

Introspect instead of insulting democracy: CM Fadnavis on Rahul Gandhi's poll rigging claim

Mumbai, June 8 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Sunday debunked all allegations made by Congress leader Rahul Gandhi about rigging and match-fixing in the 2024 Maharashtra Assembly elections. In his articles titled 'Those Rejected by the People Deny the Mandate', published in the same three newspapers where Gandhi's write-ups appeared, CM Fadnavis advised the Congress MP to "accept defeat, introspect on where you went wrong, why your connect with the people is lacking, and what needs to be done." He taunted Gandhi, saying that the latter was preparing excuses for "defeats ...Read More >

32
BusinessJun 28, 2025 04:06 AM

ITC chairman's salary flat in FY25 after 54% jump in '23-'24 | Kolkata News - Times of India

Kolkata: After a 54% jump in salary in 2023-24, the remuneration of ITC chairman Sanjiv Puri remained almost flat in 2024-25, per the annual report of the FMCG, tobacco and agri major.Puri's total remuneration was Rs 25.6 crore in 2024-25, compared to Rs 25.2 crore in 2023-24. In FY25, his basic salary was Rs 3.5 crore, perquisites Rs 73 lakh and performance incentive Rs 21.4 crore.Puri drew a basic salary of Rs 3.1 crore, perquisites and other benefits of Rs 57 lakh and a performance bonus of Rs 21.5 crore from the diversified conglomerate in 2023-24, according to the company's last annual re ...Read More >

25
OtherPoliticsBusinessJul 03, 2025 06:53 AM

Amarnath Yatra begins as pilgrims set out from Baltal, Nunwan base camps

Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >

21
OtherPoliticsBusinessJul 03, 2025 08:20 AM

Urea shortage hits Telangana amid kharif season; agriculture minister urges centre to intervene | Hyderabad News - Times of India

HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >

19
BusinessJul 15, 2025 05:42 PM

Tripura's largest tea estate wilts under climate change, labour crunch

Kailashahar (Tripura), July 15: The Manu Valley tea estate in Tripura's Unakoti district, which contributes to around one-fourth of the state's total tea output, is facing the brunt of climate change and acute shortage of manpower with its production gradually decreasing in the last three years, an official said on Tuesday. "The climate change over the past few years appears to be a major challenge for the future of the garden. The average rainfall and uneven distribution of precipitation have affected production in the tea garden," said Manager (HR) of the estate, Prabir Dey. Tripura produc ...Read More >

29
BusinessAug 14, 2025 05:12 AM

BKC pod taxi project gets green nod; 0.14 ha of mangroves, 431 trees to be cut

MUMBAI: The long-pending automated Mass Rapid Transit System (MRTS) at Bandra Kurla Complex (BKC) -- popularly known as the pod taxi project -- has received clearance from the Maharashtra Coastal Zone Management Authority (MCZMA), the state body tasked with safeguarding the coastal environment. Estimated at ₹1,016.34 crore, the project is slated for completion within three years, and aims to enhance last-mile connectivity to the business hub, catering to an estimated 400,000 to 600,000 daily commuters. While the initiative promises to ease transportation challenges, it raises concerns about i ...Read More >

23
BusinessAug 14, 2025 12:04 PM

Monsoon fury claims 241 lives in Himachal; infrastructure suffers massive hit

Shimla (Himachal Pradesh) [India], August 14 (ANI): Continuous heavy rainfall over the past 24 hours has caused fresh damage across several parts of Himachal Pradesh, with no signs of immediate relief. While no major casualties were reported overnight, infrastructure losses remain significant, particularly to the road network, Education Minister Rohit Thakur said on Thursday."The damage is occurring at multiple locations due to ongoing rain. Even last night, significant losses occurred, though they were mostly related to infrastructure," Thakur told reporters. He confirmed that cloudburst inci ...Read More >

31
PoliticsSep 12, 2025 11:16 PM

Maharashtra Announces Rs 73.91 Crore Compensation For Rain-Hit Farmers

MUMBAI: The Maharashtra government has approved a compensation package of Rs 73.91 crore for farmers whose crops were damaged by excessive and unseasonal rainfall between June and August 2025. The relief, announced by the state's Department of Relief and Rehabilitation (R&R) on Friday, covers affected regions in Nagpur, Chhatrapati Sambhajinagar, Pune, and Konkan divisions. According to the government resolution (GR), a total of 84,346 farmers across 29 districts will receive aid for losses spread across 73,068.52 hectares of agricultural land. The compensation is based on damage assessments ...Read More >

23
BusinessTechnologyJul 08, 2025 07:22 AM

Andhra's mango procurement sets model for other states

Tirupati/Chittoor: After chilli and tobacco farmers, mango growers are now in focus as YSRCP chief Y S Jagan Mohan Reddy looks to raise the political heat in the state. A bumper mango yield this year has brought little joy to farmers, who are struggling with falling prices. Despite the state government's swift action, announcing subsidies and deploying officials to assist distressed farmers, the issue has turned political. Looking to capitalise on the unrest, Jagan will visit Bangarupalem market yard on July 9 to console mango farmers. In fact, the government claims that Andhra Pradesh's pr ...Read More >

17
PoliticsBusinessEntertainmentAug 04, 2025 01:20 AM

'Ancient Shivling unearthed in Baramulla put in SPS Museum'

Srinagar, Aug 3: The Department of Archives, Archaeology and Museums on Sunday said that an ancient Shivling had been unearthed and safely housed in the SPS Museum Srinagar for public display. A statement of the Department of Archives, Archaeology and Museums issued here said that it was pleased to announce the discovery of an ancient Shivling carved from stone, measuring 137 cm in length and 160 cm in width, approximately dating back to the 10th Century CE, recovered during sand extraction by local labourers from the Jhelum River near the Army camp at Khanpora in Baramulla. The statement sa ...Read More >