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.
Mysore: Three inspectors of police have been suspended in connection with the case of an adivasi person, Suresh, who served two years in prison for murdering his wife, who was found to be alive. Kushalnagar circle inspector BG Prakash, Ilawala inspector Mahesh Kumar and Jayapura Police Station inspector Prakash Yettinamane have been suspended. As the investigating officer, Prakash had fabricated a false case and filed a false charge sheet against Suresh alias Kurubara Suresh, a resident of Basavanahalli New Layout in Kushalnagar, on the charge of murdering his wife. The investigation team of the case also included Bettapura probationary PSI Mahesh Kumar and SI Prakash Yattimani. "In connection with the case that took place under the Bettadapura Police Station in Periyapatna taluk of Mysore district, the investigating officers had filed a false charge sheet against an innocent person and sent him to jail. Nine witnesses were produced in the Fifth Additional District and Sessions Court in Mysore," a police official said.
New Delhi: The Centre has asked the states and union territories to make any proposed changes in the boundaries of administrative jurisdictions before December 31, 2025, when they will freeze for the Census-2027 exercise and the first phase of the decadal population count will begin on April 1 next year, according to a communication sent by the registrar general and census commissioner of India, Mritunjay Kumar Narayan, on June 27. The freezing means the states/UTs won't be able to change the boundaries of districts, towns, villages and tehsils post December 31. The Census can be conducted on ...Read More >
Navi Mumbai: The father of a three-day-old girl who was found abandoned in a blue basket outside Navi Mumbai's Panvel wad traced and detained on Sunday, the police said. According to them, the infant's parents were not financially stable enough to raise her. Due to this, the couple decided to give up the baby to an orphanage that could look after her, reported PTI. However, the Navi Mumbai police's crime branch traced the infant's father, Aman Iqbal Kondkar, a resident of Thane's Bhiwandi, within 24 hours, an official said. ...Read More >
Mumbai: In a major political development, former MLA Vijay Bhambale from the Sharad Pawar faction formally joined the Nationalist Congress Party (NCP) led by Deputy Chief Minister and National President Ajit Pawar. Bhambale, accompanied by a large group of office-bearers from various districts, was welcomed into the party during an event held at the Mahila Vikas Mandal Auditorium in Mumbai. Addressing the gathering, Ajit Pawar announced that he would embark on a statewide tour starting from Nandurbar after the conclusion of the monsoon session of the Maharashtra legislature. He emphasized the ...Read More >
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 >
Hyderabad: Seven Maoists have been gunned down in an ongoing encounter near the Indravati national park of Bijapur district in Chhattisgarh over the past two days. Two of the dead were women. Among those whose deaths were announced on Saturday was Bhaskar alias Mailarapu Adellu, a special zonal committee (SZC) member of the Telangana state committee (TSC). He carried a reward of '45 lakh in Chhattisgarh and Telangana. Police had on Thursday said Maoists' central committee member Narasimha Chalam alias Sudhakar, who had a bounty of '40 lakh in Chhattisgarh, had been killed in the encounter, ...Read More >
Kolkata: A two-member National Commission for Women team on Sunday visited the south Kolkata law college where a student was allegedly gang-raped last week.The team, accompanied by a videographer, was initially denied entry and asked to produce a formal order. After an hour-long discussion at the college entrance, the team, led by Archana Majumdar, was allowed in under two conditions -- no access to the crime scene and no videography permitted.The visit lasted 10 minutes. "We were denied access to the crime scene and other floors. I will include this in my report," said Majumdar, who was the f ...Read More >
A cloudburst near Barkot-Yamunotri road in Uttarkashi has caused significant damage to a hotel construction site, leaving several workers missing as rescue operations are underway. Separately, heavy rainfall has blocked the Badrinath-Rishikesh highway, disrupting pilgrimage travel. Chief Minister Dhami has advised caution and urged residents to avoid unnecessary travel due to the adverse weather forecast.A cloudburst in Baligarh, along the Barkot-Yamunotri road in Uttarkashi district, caused sign ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
Jammu, June 30: Anti-Corruption Bureau has trapped and arrested Liaquat Ali, Patwari, Halqa Thuthay Chak, Hiranagar, District Kathua, for demanding and accepting bribe of Rs 30,000. Officials revealed that ACB received a complaint alleging therein that a public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of ₹1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused ...Read More >
CHENNAI: Chief Minister MK Stalin on Monday inaugurated 729 houses built at a cost of Rs 38.76 crore for Sri Lankan Tamils living in Sri Lankan rehabilitation camps in Keezhputhupattu (Villupuram district); Thirumurthi Nagar (Tiruppur district); Thammampatti (Salem district); Nagavathi dam and Kesaikuli dam (Dharmapuri district); and Kandiyapuram (Virudhunagar district). A release said the CM had announced that 7,469 new houses will be built instead of old houses for Lankan Tamils in 26 districts. In the first phase, orders were issued for building 3,510 houses in 35 camps located in 19 distr ...Read More >
Godhra, Jun 28 (PTI) Union Home Minister Amit Shah on Saturday called for the youth to resolve towards making India a world leader in every sphere by 2047, when it celebrates the centenary of its Independence. He also recalled the contributions of tribal leader Govind Guru in India's freedom struggle, saying he awakened the conscience of the people from the region during the British rule. Shah was addressing via video link a programme where development works worth Rs 125 crore for Shri Govind Guru University at Vinzol near Godhra in Gujarat's Panchmahal district were launched. Describing Go ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
JAMMU: Anti-Corruption Bureau (ACB) on Monday trapped and arrested a Patwari of Halqa Thuthay Chak, Hiranagar, Kathua for demanding and accepting a bribe of Rs 30,000. "Anti-Corruption Bureau received a complaint alleging therein that public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak, Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of Rs 1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused has agreed to tak ...Read More >
Hyderabad: Ahead of the impending local bodies elections, AICC general secretary (organisation) K.C. Venugopal on Sunday said that the party would complete the work of strengthening its mandal-level structure by July 30 and take the state government's welfare scheme benefits to the people's notice. Venugopal, who attended several programmes here last week, in the presence of AICC president Mallikarjun Kharge, said: "A key focus of our discussions was the Congress party's ongoing organisation-strengthening mission in Telangana. A majority of block, mandal, and division-level appointments have ...Read More >
Ahmedabad: Gujarat Chief Minister Bhupendra Patel on Wednesday announced ₹4 lakh solatium for the next of kin of the deceased in the bridge collapse in Vadodara. He also announced ₹50,000 for the injured. Of the nine deceased in the tragedy, six have been identified as Vedika Padhiyar, Naitik Padhiyar, Hasmukh Parmar, Ramesh Padhiyar, Vakhtsinh Jadav, and Pravin Jadav. Some of the injured have been identified as Sonal Padhiyar, Narendrasinh Parmar, Ganpatsinh Rajula, Dilipbhai Padhiyar, Raju Dadubhai and Rajesh Chavda. The Chief Minister, in a post on social media platform X, shared that P ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...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 >
Rajgir/Gayaji (Bihar), Jun 6 (PTI) Rejecting outright the 50 per cent cap on caste-based reservations, Congress leader Rahul Gandhi on Friday vowed that "the barrier will be broken" in whichever part of the country his party came to power. The Leader of the Opposition in Lok Sabha made the promise in Bihar, the state which was a hotbed of the Mandal agitation in the 1990s, and where polls to the assembly are likely in a few months. "I wonder where did this idea of a 50 per cent cap come from? The population of the deprived sections is close to 90 per cent," said the former Congress president ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Bengaluru: The Congress-led government in Karnataka has decided to name the Bangalore City University after late former Prime Minister Manmohan Singh. Chief Minister Siddaramaiah made the announcement in this regard in the media briefing after the special Cabinet meeting held at Nandi Hills. A proposal to rename the Bangalore City University as "Dr. Manmohan Singh Bengaluru City University" has been approved, CM Siddaramaiah announced. Bengaluru Rural district will now be renamed as "Bengaluru North District", and Bagepalli town will be renamed "Bhagyanagara", he declared. A Cabinet sub-com ...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 >
New Delhi: In a key development regarding the Census 2027, the government of India has asked states and Union Territories to make any proposed changes in the boundaries of administrative units before December 31, when they will be considered final for the census exercise. In a letter to all states and Union Territories, Registrar General and Census Commissioner of India Mritunjay Kumar Narayan has said that for the Census, all villages and towns are divided into uniform enumeration blocks and for each block, an enumerator is assigned to avoid any miss or repetition during the population count ...Read More >
HYDERABAD: Union Home Minister Amit Shah on Sunday ruled out any talks with Maoists and said the cadre of the proscribed outfit should give up arms, surrender before police, and join the mainstream. Addressing a rally after inaugurating the National Headquarters of the Turmeric Board in Nizamabad in Telangana, Shah also said Congress leader Rahul Gandhi, who is still raising questions on Operation Sindoor, should see the weak appearance of Pakistan to understand the effectiveness of the Operation. "Congress asks (the Centre) to hold discussions with these people (Maoists). Our government's p ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
New Delhi, Jul 6 (PTI) Realty firm Signature Global has acquired two land parcels in Gurugram totalling 10 acres to build housing projects. Signature Global's subsidiary firm has executed two sale deeds to purchase the lands admeasuring approximately 9.96 acres situated at Tehsil Sohna, District Gurugram, Haryana. These lands have an overall potential sales area of approximately 0.53 million (5.3 lakh) square feet, according to a recent regulatory filing. Last month, Signature Global chairman Pradeep Kumar Aggarwal said the company would invest around Rs 1,200-1,500 crore to acquire land pa ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
Bengaluru: In a major financial push to address the drinking water crisis in Bayaluseeme (arid region), the state cabinet Wednesday approved an additional Rs 1,900 crore for the ongoing Yettinahole project, which aims to help parched districts including Bengaluru Rural, Chikkaballapur and Kolar.Chief minister Siddaramaiah, who chaired the cabinet meeting, said the govt had asked the finance department to place the proposal for approval."The project cost was revised to Rs 23,251 crore, and Rs 17,147 crore was spent. There is Rs 6,103 crore to be spent on the project. However, the govt has learn ...Read More >
New Delhi, Jul 7 (PTI) A special dedicated web portal will be launched for self-enumeration during the upcoming Census, which will be available for both phases of the national enumeration exercise, officials said Monday. In the country's first digital census, enumerators will collect the data of citizens using mobile applications on their Android and Apple phones, they said. It will also be the first time in the country that citizens will get a chance to self-enumerate through a dedicated web portal which will be available for both the phases of Census - Houselisting and Housing Census (HLO) ...Read More >
Union home minister Amit Shah on Sunday ruled out any talks with naxalites and asserted that members of the banned group must give up arms, surrender, and join the mainstream. Speaking at a rally after inaugurating the National Headquarters of the Turmeric Board in Nizamabad, Telangana, Shah further said that Congress leader Rahul Gandhi, who continues to question Operation Sindoor, should look at Pakistan's current weakened state to grasp the success of the operation."Congress asks (the Centre) ...Read More >