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.
Shillong, June 30 (UNI) Street vendors and hawkers on Monday refused to vacate from Khyndai Lad, a commercial hub here in Meghalaya, even Shillong Municipal Board (SMB) staffers went ahead with the eviction drive. The hawkers were seen engaged in a scuffle with SMB and police officials, while an emotionally charged woman vendor took out an axe and threatened to use it if authorities dared to take her wares. The eviction drive, conducted in presence of magistrates and police, came after the state government had on June 21 notified the upper floor of the Meghalaya Urban Development Authority (MUDA) parking lot as a 'vending zone' and the remaining part of Khyndailad area as a 'no vending zone'. "We went to evict after giving notices as per law. We are just following the legal procedure. Notices to relocate to designated vending zones were published in local newspapers," Chief Executive Officer of SMB, P.K. Boro said. The hawkers under the banner of Meghalaya and Greater Shillong Progressive Hawkers and Street Vendors Association (MGSPHSVA), said they would vacate from the area only after the Provisional Town Vending Committee (PTVC) rectify major flaws in the relocation process. MGSPHSVA General Secretary, Shane Thabah, pointed out was the issuance of certificates of vending to people with shops while denying genuine hawkers their rights on frivolous grounds. Moreover, he claimed that the SMB unilaterally identified the new vending zone without taking into confidence the PTVC, in which hawkers are also members. The new vending zone, at the MUDA parking lot, is not the ideal place for the vendors and customers, Thabah said. Angela Rangad, a leader from the activist group Thma U Rangli Juki, accused the SMB of attempting to create unrest through forceful evictions. "We will not allow the SMB to forcefully evict the hawkers. We didn't say we will not shift but we will shift once they rectify the flaws," Rangad told reporters. The PTVC was established in 2022 under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 to identify, register, and regulate street vendors. The committee is mandated to also demarcate vending zones, issue vending certificates and resolve disputes. Likewise the committee conducted surveys across 22 localities in the state capital from December 2023 to January 2024 using GIS, photo-census, biometrics. After that the committee compiled lists of legitimate vendors and issued certificates of vending to those eligible. Following completion of formalities the PTVC met with hawkers' representatives at least three times this year for the relocation. UNI RRK BM
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than an ...Read More >
Bengaluru: In a setback to Karnataka Chief Minister Siddaramaiah, the Directorate of Enforcement (ED), Bangalore Zonal Office has provisionally attached 142 immovable properties having an approximate market value of Rs 300 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the Mysuru Urban Development Authority (MUDA) scam. Chief Minister Siddaramaiah is accused number one in the case and the investigation is also conducted against others who got the illegal allotments done through the MUDA. His wife B.M. Parvathi is the second accused. "The ...Read More >
Guwahati: Chief minister Himanta Biswa Sarma announced a massive healthcare infrastructure overhaul for Assam, while inaugurating the Neotia Bhagirathi Woman and Childcare Centre (NBWCC) in Guwahati here on Thursday.During the event, the Assam CM revealed plans to invest Rs 4000 crore in expanding the Gauhati Medical College & Hospital (GMCH) into a 5000-bed facility.He also praised the newly-inaugurated NBWC centre saying that he was happy that the group had invested in Assam " I am sure that the people of Assam, along with other northeastern states, will immensely benefit from this venture o ...Read More >
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 percent YoY to 17.1M, the company said in a release. Sriharsha Majety, MD & Group CEO, Swiggy, said "The ...Read More >
Bengaluru (Karnataka) [India], May 27 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Tuesday said that the State government will take action against BJP MLC N Ravikumar for his derogatory comments against Kalaburagi Deputy Commissioner. Shivakumar said that many IAS officers had met him on this issue, and they were all enraged by the BJP MLC's comments. 'Since morning, more than half a dozen IAS officers have met me. They are all in a very agitated mood. The law will take its course. The government will take action,' Shivakumar told ANI. He wanted the BJP leadership to react to the ...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 >
New Delhi, June 1 (IANS) The PM SVANidhi scheme, which started off as a micro-credit scheme during the Covid-19 pandemic, to help the street vendors and small businesses survive and sustain their ventures in trying times, has another side to it. Many beneficiaries, who got funds under this scheme, utilised it to build lasting enterprises, [...] Andhra launches efforts to evacuate Telugus stranded in Sikkim Amaravati, June 1 (IANS) The Andhra Pradesh government has initiated measures for the evacuation of Telugu families stranded in Sikkim due to floods and landslides. The state government sa ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...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 >
New Delhi, Jun 7 (PTI) Realty firm G Square Group has acquired 714-acre project from Rakindo in Coimbatore for Rs 707 crore and will develop it as an integrated township. In a statement on Saturday, the company announced launch of 'G Square Seven Hill', a township project that combines plots and mixed-use development. "The acquisition of the 714-acre project from Rakindo for Rs 707 crore, marked the latest in a series of major investments transforming Coimbatore into a premier real estate destination," it said. The Kovai Hills project, now rebranded as G Square Seven Hills, spans 714 acres ...Read More >
Kokrajhar (Assam), Jan 28 (VOICE) Assam Chief Minister Himanta Biswa Sarma said on Tuesday that there are several reports that some sections of Bangladeshi establishment are trying to revive militancy in Assam with the help of Pakistan's Inter-Services Intelligence (ISI). He was in Bodoland (Kokrajhar) to commemorate five years of the 2020 Bodo Peace Accord. On this occasion, he said that for the last three-and-a-half years, there was not even a political agitation in Bodoland. After the accord peace is prevailing there, he added. CM Sarma said, "The situation in Bangladesh is not good. We ...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 >
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 >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
Bengaluru, Dec 14 (UNI) The tragic suicide of 34-year-old tech professional Atul Subhash has led to the arrest of his estranged wife and her family members in connection with allegations of harassment, extortion, and financial abuse. Subhash, a resident of Manjunath Layout in Bengaluru, was found dead in his apartment on December 9, leaving behind a 25-page suicide note. In the note, he accused his wife, Nikita Singhania, and her family of subjecting him to relentless emotional and financial distress during their ongoing divorce proceedings. Following a complaint filed by Atul's brother, Bik ...Read More >
Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the Jharkhand liquor scam. Both officers have already been named as accused in the Chhattisgarh liquor s ...Read More >
Bhubaneswar, May 22 (UNI) An elderly person with comorbidities who recently returned from New Delhi has tested positive for COVID-19, an official source said on Thursday. The 75-year-old patient has been admitted to a private hospital in the state capital. His family members have been instructed to remain in quarantine as a preventive measure. According to Health Department sources, the patient's blood sample will be sent to the Institute of Life Sciences for genome sequencing to determine the COVID-19 variant. Odisha Health Secretary S. Aswathy informed the media that the situation is bein ...Read More >
New Delhi, June 5 (UNI) The Delhi International Open Grandmasters Chess Tournament (Delhi GM Open) is set to make a grand return this June with a record prize pool of Rs 1.21 crore. Triveni Sports has come on board as the Associate Sponsor for the 21st edition, marking a major boost for one of India's most prestigious chess events. Organized by the Delhi Chess Association (DCA), the tournament will take place from June 7 to 14 here, drawing over 2,500 players from more than 15 countries, including 20 Grandmasters ,across three rating-based sections. Held under the aegis of the All-India Ch ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...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 >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Gandhinagar (Gujarat) [India], June 8 (ANI): Gujarat Chief Minister Bhupendra Patel has begun advanced planning to ensure that if urban roads across the state are severely damaged due to heavy rains during this year's monsoon, resurfacing and repair work can begin without delay. For this purpose, the Chief Minister has approved the allocation of a total grant of Rs 107 crore to 149 municipalities across the state from the Mukhyamantri Shaheri Sadak Yojana, under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, according to the release. Also Read | Encroachers Can't Claim Right To Cont ...Read More >
Belagavi, Dec 12 (UNI) The Karnataka BJP on Thursday accused the Congress state government of secretly relocating protesters injured during a lathi charge to prevent opposition leaders from meeting them. Speaking to reporters here, Leader of the Opposition R Ashoka said BJP leaders had planned to visit the injured protesters in hospital. However, the victims were moved to an undisclosed location. "This government is acting like Hitler by not allowing us to meet the injured. We don't even know where they have been taken," he said. The lathi charge occurred during a protest by the Panchamasal ...Read More >
Bengaluru, June 8 (UNI) The BJP On Sunday demanded the immediate resignation of Chief Minister Siddaramaiah and his Deputy DK Shivakumar, holding them directly responsible for the stampede at the Chinnaswamy Stadium here that claimed eleven lives. Staging a vociferous protest in front of the Mahatma Gandhi statue at the Karnataka Vidhana Soudha, BJP leaders squarely blamed the top brass of the Congress-led state government, including Home Minister G Parameshwara, accusing them of "gross negligence" and "willful disregard" for safety protocols despite warnings. Senior BJP leader and former De ...Read More >
The Supreme Court has directed all states and union territories to form internal complaints committees in all government departments and undertakings by specific deadlines. This directive aims to ensure uniform compliance with the POSH Act across the country, highlighting lapses in its enforcement and mandating surveys and reports on adherence.With a view to ensure a nationwide compliance of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Supreme Court on Tuesday directed all states and union territories to constitute an internal complaints co ...Read More >
Bhopal, June 5 (SocialNews.XYZ) Senior BJP leader and Madhya Pradesh Cabinet Minister for Urban Development, Housing and Parliamentary affairs, Kailash Vijayvargiya stirred controversy on Thursday with remarks disapproving of women wearing short outfits, asserting that such a trend is a foreign concept of beauty and not aligned with Indian tradition. A six-time legislator and a state government minister, Vijayvargiya emphasised that in Indian culture, women are regarded as a form of Goddess and should dress in a manner that reflects grace and dignity. Comparing cultural perspectives, he stat ...Read More >
Guwahati, June 6 (UNI) Assam Chief Minister Himanta Biswa Sarma on Friday visited a flood relief camp in Hailakandi district in southern Assam, where hundreds of displaced residents are currently sheltered, as the state grapples with one of its worst flood spells in recent years. His visit comes at a time when relentless rainfall and overflowing rivers have impacted more than 5.6 lakh people across 19 districts. During the inspection, Sarma said the state government has mobilized fully equipped medical teams to address health emergencies at various camps. "We are providing all necessary fac ...Read More >