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.
Mumbai: Residents of Breach Candy have launched an online petition (https://www.change.org/p/let-tata-garden-bloom-again-as-ratan-tata-garden) urging the Tata Group to adopt and restore the erstwhile Tata Garden -- which was demolished for the construction of the Mumbai coastal road. In an appeal, locals are requesting the Tata Group to step in as patrons and help rejuvenate the garden. Rajesh Dahiya, who has started the petition and is also a Breach Candy resident said that they propose renaming it "Ratan Tata Garden" in honour of the industrialist's legacy of humility and public service.The petition, which has garnered over 672 verified signatures in a day on Monday. Currently the original Tata Gardens is three broken pieces of land with the interchanger entry/exits going in between it. The total area of Tata gardens when it existed in totality was 1.06 acres, approximately 45000 sq. feet."Tata Garden, not just a garden, but a part of our identity. A taxi driver needed no address, just two words: Tata Garden. With its canopied shade, gentle walking tracks, stone benches warmed by the sun, and a cool breeze through the leaves, Tata Garden gave us what the rest of the city often forgot: space to breathe. The Coastal Road interchange, meant to ease traffic, unfortunately, sliced Tata Garden in two. We supported development but came together and requested authorities to retain the hertage to its best form," stated the petition adding that Tata Gardens, once again, needs a parent, someone to nurture and provide affectionate care to each piece of green in this green lung of Mumbai's city.The BMC in turn said that there are already large parcels of public open spaces being developed along the Mumbai coastal road. "These open spaces would stretch from Nepensea road to the Worli exit of the coastal road," said the official.
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection. Justice Mini Pushkarna's bench, while hearing a lawsuit filed by the Sir Ratan Tata Trust and Tata Sons Pvt Ltd issued an injunction against Rajat Srivastava, who had been planning to organize an award ceremony named the 'Ratan Tata Icon Award.' Also Read | Rahul Gandhi Claims More Voters in Maharashtra Than Total Ad ...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 >
Jamshedpur, July 2: Tata Steel held its 118th Annual General Meeting (AGM) on July 2, where the company's Chairman addressed shareholders with a comprehensive overview of the company's performance, challenges, and strategic direction. The meeting opened on a solemn note, acknowledging recent losses within the Tata Group and paying tribute to significant figures whose contributions shaped the company. "There is a lot to talk about today," said the Chairman. "But I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost th ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
Andhra Pradesh CM N Chandrababu Naidu inaugurated Ratan Tata Innovation Hubs in Amaravati and five cities, aiming to boost entrepreneurship. Backed by Tata Group and major firms, the initiative honours Ratan Tata's legacy while supporting startups, industrial hubs, and economic growth in the State Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday inaugurated Ratan Tata Innovation Hubs (RTIHs) at Amaravati and five more centres in the State. The CM was accompanied by Tata ...Read More >
New Delhi: In a significant development, the Reserve Bank of India (RBI) has asked the Tata Group to list its holding company - Tata Sons. The company was given a three-year deadline to do so, and now only a day remains until the deadline. Tata Sons is the holding company of the country's largest business group. The possible public listing of the USD200-billion group, which owns Jaguar Land Rover, Air India, Taj Hotels, and a major European steel company, could have massive effects on India's top businesses and trusts. Not only the government but also the industry and even people are closely ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
New Delhi, Jul 2 (PTI) Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). Also Read | Iran's President Masoud Pezeshkian Approves Law to Suspend Cooperation With IAEA Following Israel, US Strikes. "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasek ...Read More >
New Delhi, Jul 7 (PTI) The Tata Group is focusing on enhancing safety across companies as it has become a "top priority" and is aware that it needs to do more on the issue as it goes ahead with its expansion plans, Tata Sons Chairman N Chandrasekaran said on Monday. He was responding to a shareholders' query regarding safety measures undertaken in the aftermath of the Air India crash and how to avoid such tragedies in other Tata Group firms, while addressing the Annual General Meeting of the Ind ...Read More >
Mumbai (Maharashtra) [India], September 26 (ANI): Shiv Sena MP Shrikant Shinde said that the Maharashtra Navnirman Sena chief Raj Thackeray and Shiv Sena (UBT) supremo Uddhav Thackeray have reunited only to keep the power within the 'Thackeray family' and their reunion has nothing to do with the benefit of the state here. Speaking at the Indian Today Conclave, Shinde brushed aside the challenges posed by the two brothers coming together to fight the municipal elections. Also Read | Tata AIG Suspends Cashless Payments at Max Hospitals Across India Following Star Health, Niva Bupa and Care Hea ...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 >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
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 >
MUMBAI: Tata Trusts vice-chairman Vijay Singh attended the board meeting of Tata Sons on Friday, a day after resigning from his directorship. Since he had already resigned, he couldn't vote on any board agenda items but was invited to the meeting by Tata Sons to show appreciation for the contributions he had made to the board, sources said.Singh was a nominee director of Tata Trusts, the force behind Tata Sons, but at Friday's board meeting, he did not hold any special power as a nominee.Unlike other directors at Tata Sons, Tata Trusts' nominee directors have significant influence, with the ab ...Read More >
Mumbai: The plan for parking lots in Breach Candy and Bhulabhai Desai Road submitted by the residents association, for which site visits were also carried by the police and local civic officials, has hit a road block as the area is still under the Coastal Road department and yet to be handed over to the D ward office of the BMC. The parking projects are undertaken by local ward office, and roads and traffic department of the BMC, however, untill the area is under the Coastal Road department, the implementation of the overground parking lots seems unlikely. The BMC had asked the Breach Candy ...Read More >
MUMBAI: In an anticipated move, trustees of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) approved reappointment of trustee and vice-chairman Venu Srinivasan for life on Monday, setting aside recent differences over governance issues.The decision follows reappointment of trustee and chairman Noel Tata in Jan 2025, with no limits on his tenure. SDTT and SRTT have a combined 52% stake in Tata Sons.Fellow trustee Mehli Mistry's reappointment is similarly scheduled in the next few days. Srinivasan's reappointment was not unexpected: the Trusts had unanimously passed a resolution on ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
Mumbai: Tata Sons chairman N Chandrasekaran briefed the board of Tata Trusts about the conglomerate's performance and plans in a closed-door meeting at Bombay House on Tuesday, in what long-time group watchers said was a notable departure from precedent. Present at the meeting were Noel Tata, Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh and Jehangir C Jehangir. The move to update the entire board of trustees had been initiated by the chairman, people aware of the matter said. According to group insiders, a Tata Sons chairman never directly briefed the Trusts bo ...Read More >
In a major shake-up at the Tata Trusts, Mehli Mistry -- once considered a close confidant of Ratan Tata -- is set to exit the apex charitable bodies after chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh declined to approve the renewal of his term, people familiar with the matter said. In a dramatic turn at the Tata Trusts, Mehli Mistry -- once regarded as one of Ratan Tata's closest confidants -- faces potential ouster after chairman Noel Tata, vice chairman Venu Sriniv ...Read More >
Mumbai: Tata Trusts said in an internal note that there is no legal bar on non-Zoroastrians serving as trustees at the Bai Hirabai JN Tata Navsari Charitable Institution, citing a 2000 opinion by former chief justice of India MH Kania. This follows trustee Mehli Mistry questioning the eligibility of Venu Srinivasan and Vijay Singh to be Bai Hirabai trustees because of their faith. In an internal note addressed to Tata Trusts chairman Noel Tata and trustees, Tata Trusts CEO Siddharth Sharma referred to provisions of the trust deed and Kania's opinion, which held that certain restrictive clause ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection. Justice Mini Pushkarna's bench, while hearing a lawsuit filed by the Sir Ratan Tata Trust and Tata Sons Pvt Ltd issued an injunction against Rajat Srivastava, who had been planning to organize an award ceremony named the 'Ratan Tata Icon Award.' According to the lawsuit, the defendants, despite being notified, choose ...Read More >
NEW DELHI: The US embassy in India has warned that "committing assault, theft, or burglary in the United States won't just cause you legal issues -- it could lead to your visa being revoked and make you ineligible for future US visas". The warning was issued days after a video of an Indian woman who tried to leave a store with a cart full of items without paying went viral. This also prompted the embassy to say, "The US values law and order and expects foreign visitors to follow all US laws."Responding to queries on the issue, the ministry of external affairs said that "whether a person is liv ...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 >
MUMBAI: Months after his exit, former Sir Ratan Tata Trust (SRTT) trustee Mehli Mistry has challenged the positions of Venu Srinivasan and Vijay Singh on the board of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, arguing they are ineligible under the 1923 deed, which bars non-Zoroastrians and non-Mumbai residents, and has called for an official enquiry.The Bai Hirabai Institution is an associate trust of SRTT, a major shareholder in Tata Sons, which runs the $180 billion Tata conglomerate. It was established under the will of Sir Ratanji Tata, the second son of Tata Group found ...Read More >
New Delhi [India], July 10 (ANI): The Public Works Department (PWD) cancelled the tender for renovation of Chief Minister Rekha Gupta's official residence on Wednesday. PWD cancelled the tenders for the renovation of Bungalow Number 1, including replacement of electrical wiring, fittings & fixtures and execution of various miscellaneous electrical works. Also Read | Volkswagen Reports Electric Vehicles Sales Surge in 2025. AAP Delhi President Saurabh Bharadwaj questioned the sudden cancellation, asking if such luxuries were genuinely required, why cancel the tender? "If such luxuries were ...Read More >
New Delhi: The Trinamool Congress (TMC) on Sunday sharply criticised the Delhi Police for a controversial reference to Bengali as the "Bangladeshi language," calling it an insult to the language and its speakers. TMC shared a letter from a Delhi Police inspector requesting a translator for what was labeled "Bangladeshi language" in a statement on X. The police official also mentioned the arrest of eight individuals under suspicion of being Bangladeshi nationals residing illegally in India. "Is there no limit to the BJP's hatred towards Bengalis? After repeatedly harassing and detaining Benga ...Read More >
Venu Srinivasan quits Bai Hirabai Charitable Trust after eligibility objections, Mehli Mistry seeks probe into alleged irregularities and violations of trustee rule Venu Srinivasan has stepped down from the Bai Hirabai Charitable Trust following objections over his eligibility to serve as a trustee. The trust is one of the smaller entities under the umbrella of Tata Trusts. According to the CNBC-TV18 report the objections were raised by former trustee Mehli Mistry, after which Srinivasan chose ...Read More >
New Delhi : Assam chief minister Himanta Biswa Sarma on Monday said that the Outsourced Semiconductor Assembly and Test (OSAT) facility in his state is "miles ahead" of the semiconductor fabrication unit in Gujarat. The CM was speaking at the Assam Electronics Round Table 2025, organised by Invest India in New Delhi on Monday. The OSAT facility at Jagiroad in Assam, set up by Tata, will start manufacturing chips by the end of the current financial year, 2025-26, Sarma said, adding that once operational, the plant will produce 48 million chip units a day. "Tata has signed two projects togeth ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its fi ...Read More >