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.
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. However, export sales more than doubled, reaching 501 tractors in June 2025 from 234 units in June 2024 -- a growth of 114.1 per cent. The company said that the timely arrival of the southwest monsoon, better Kharif crop sowing, and higher Minimum Support Prices (MSP) helped improve farmer confidence. With forecasts of above-normal monsoon and better rural liquidity, Escorts Kubota expects tractor demand to stay strong in the coming months. For the April to June quarter (Q1 FY26), the company sold a total of 30,581 tractors, up 0.7 per cent from 30,370 units sold during Q1 FY25. While domestic sales dropped slightly by 1.9 per cent to 28,848 units, exports rose by 80.3 per cent to 1,733 units. On the other hand, the company's Construction Equipment Business saw a decline. In June 2025, only 334 machines were sold, down 27.2 per cent from 459 machines sold in June 2024. For Q1 FY26, construction equipment sales were 1,055 units, a 23.7 per cent drop from 1,382 units in the same quarter last year. Escorts Kubota said the drop in construction equipment sales was due to slower project activity during the monsoon season, delays in infrastructure work, and higher prices due to new emission rules. However, the company expects demand to pick up after the monsoon, supported by higher government spending on infrastructure. The sales numbers include those of Escorts Kubota India Pvt. Ltd. and Kubota Agricultural Machinery India Pvt. Ltd., following their merger with Escorts Kubota Limited, approved by the National Company Law Tribunal in August 2024. (ANI)
Patna: In a major policy shift ahead of the upcoming Bihar elections, the state government has implemented a domicile-based reservation system in government jobs, with the 35 per cent quota for women. This means only women who are native to Bihar or those who hold valid domicile certificates will be eligible to claim this quota. Women from other states, who were eligible earlier for the reservation, will now be placed under the general category and will not be given the same reservation. The decision was taken during a cabinet meeting held on Tuesday in Patna, chaired by Chief Minister Nitis ...Read More >
The long-term outlook remains positive, supported by strong export potential and a government-led infrastructure push. Source : Freepik Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure. "Given the observed weakness in domestic demand during Q1 FY2026--which is expected to persist into Q2 as monsoon conditions i ...Read More >
New Delhi: Retail automobile sales in India surged to an all-time high of 29.67 million units in the just-ended fiscal year, growing 13%, with five of six vehicle categories setting new annual records. Passenger vehicle sales grew by 13% at 4.7 million units while two-wheeler sales clocked a 13% rise at 21.4 million units, per data collated by Federation of Automobile Dealers Associations (Fada) from the government's Vahan portal. Commercial vehicle sales grew by 12% at 1.06 million units, tractors by 19% to 1.05 million units, and three-wheelers by 12% to 1.36 million units in the year ende ...Read More >
NEW DELHI: Monsoon covered the entire country on Sunday, nine days before the normal date, advancing into the remaining parts of Delhi-NCR, Rajasthan, west UP and Haryana, IMD said.This is only the fourth time in the past 25 years that monsoon covered NCR and remaining parts of northwest India the same day. The last time this happened was on July 13 in 2021, whereas the earliest date on which such an event took place was June 16 in 2013 -- the day Kedarnath witnessed a major disaster due to cloudburst and flash floods.It has taken monsoon 37 days to cover the entire country this time since its ...Read More >
Kishangarh (Rajasthan), Mar 31 (PTI) Once known for its marble industry and Bani Thani paintings, Kishangarh has assumed a new identity over the years -- a viral tourist destination that often features in selfies and reels. The biggest attraction here is the all-white marble dumping yard, Asia's largest, which is often confused for a snow-covered landscape. It draws more than 5,000 visitors every day and up to 20,000 on weekends. While the administration and business owners in the area are pleased with the 'Marble City of India' finding a place on the national tourism map, farmers in nearby ...Read More >
NEW DELHI: Tractor sales surged sharply in the financial year 2026, with major OEMs posting double-digit volume growth. This growth momentum, however, may hit a roadblock as analysts forecast FY27 growth slowing to 0-3% amid high base effects and emerging El Niño risks. Ratings agency Crisil stated that tractor sales growth is projected to slow sharply to 0-2% year-on-year to about 1.2 million units in FY27. This follows an estimated 22% on-year rise in FY26, primarily driven by rationalisation of the goods and services tax (GST) rates, while a favourable monsoon further supported farm income ...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 >
TAFE annual sales FY26, Massey Ferguson India sales record, Eicher Tractors domestic growth, Lakshmi Venu TAFE statement, tractor industry growth India 2026, TAFE AGCO settlement update, agricultural mechanization trends India Tractors and Farm Equipment Limited (TAFE), India's second-largest tractor maker, reported its highest-ever annual sales, selling 2,14,951 units in FY26, driven by a strong product portfolio and steady demand across key agricultural regions. The company on Thursday said i ...Read More >
BusinessWire India Chennai (Tamil Nadu) [India], July 1: TAFE, one of the world's largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO on all matters relating to brand, commercial issues and shareholding. The settlement encompasses the following key features: * Ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in "Massey Ferguson" and related trademarks and all goodwill associated therewith. * TA ...Read More >
Jamshedpur: The monsoon has taken a firm hold over Jharkhand, delivering widespread and robust rainfall across the state, with East Singhbhum emerging as the wettest district so far. According to the latest data from the Ranchi Meteorological Centre, Jharkhand has received an actual rainfall of 611.5 mm till date -- marking a 70% surplus over the normal average of 359.8 mm for this period. Topping the list is East Singhbhum, which has recorded an impressive 1014.5 mm of rainfall -- 155% above normal. The abundant rains have not only rejuvenated agricultural prospects in the district but have ...Read More >
HYDERABAD: Irrigation minister N. Uttam Kumar Reddy on Saturday directed officials to prepare a practical and scientific plan to ensure adequate irrigation for the Kharif season crops in the state. The minister said the plan must take into account current reservoir levels, inflows during this monsoon season, and the total ayacut that can be irrigated from each of the water sources. At a high-level meeting held at Dr B.R. Ambedkar Telangana Secretariat, Uttam Kumar Reddy said a clear and coordinated water release strategy must be in place based on real-time data, crop patterns, and the geograp ...Read More >
HYDERABAD: BRS working president KT Rama Rao on Wednesday described the Supreme Court order on nomination of two MLCs as "a slap in the face of both the Congress and the BJP". The apex court issued an order modifying its earlier interim directive on the nomination of Prof M Kodandaram Reddy and Amer Ali Khan to the state Legislative Council under the Governor's quota. In a press statement, Rama Rao said that the Supreme Court declaring invalid the appointments of Kodandaram and Amer Ali as MLCs under the Governor's quota by the state government was a slap in the face for both the BJP and the ...Read More >
New Delhi: The Centre on Wednesday assured that the country has an adequate supply of seeds and agro-chemicals for the upcoming kharif season, and asked states to check hoarding, black marketing, smuggling and diversion of fertilisers for non-farm usage. Addressing an inter-ministerial briefing on recent developments in West Asia, Maninder Kaur Dwivedi, additional secretary in the agriculture ministry, said, there is an adequate availability of seeds for the upcoming kharif (summer-sown) sowing season. "The most important input is seeds. The total estimated requirement of seeds for the Kharif ...Read More >
New Delhi: The Union cabinet on Wednesday approved nutrient-based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the upcoming kharif 2026 season, allocating Rs 41,534 crore to support farmers. The allocation is higher than the Rs 37,216 crore earmarked for kharif 2025, reflecting increased global prices of key inputs such as urea, DAP, MOP and sulphur, the government said in a statement. Also Read: Key fertiliser buyer India issues tender as war hits supply The approved subsidy rates will be applicable from April 1 to September 30, covering a range of P&K fertilisers, ...Read More >
Mahindra's total sales volumes stood at 79,083 in November 2024 with the company's SUV lineup making up a major share of 46,222 units Mahindra has released its sales data for November 2024. Sales of the company's passenger vehicles have improved to 46,222 units which was a 15.16% YoY growth from 39,981 units sold in Nov 2023. This related to a 6,241 unit volume growth. MoM sales however fell by 15.20% when compared to 54,504 units sold in Oct 2024 relating to a decline by 8,282 units. The company has just released two Electric Origin SUVs called the BE6e and XEV9e. Both these models are buil ...Read More >
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. Also Read | 'Bade Achhe Lagte Hain 4': New Twist, Rishabh's Lie To Protect Bhagyashree Fails, Her Father Discovers the Truth (Read More). However, ...Read More >
Vijayawada: A major awareness campaign on the benefits of GST 2.0 reforms will be held in Andhra Pradesh on September 30 and October 1, with a special focus on farmers and allied sectors. District, mandal and RSK-level seminars, tractor rallies, and farm machinery exhibitions are being organised to explain the extensive tax relief measures. Director of agriculture Dilli Rao said on Sunday that under the new GST policy, effective from September 22, the tax rate on fertilisers, pesticides, micronutrients, and bio-pesticides has been reduced from 12 per cent to 5 per cent. Similarly, tractor spa ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
New Delhi [India], June 6 (ANI): The Federation of Automobile Dealers Associations (FADA) on Friday released vehicle retail data for May, which revealed a modest rise of 5 per cent as compared to the same month last year. Segment-wise, two-wheeler was the best category, which performed, registering a rise of 7.3 per cent on a year-on-year basis, followed by three-wheeler (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on yoy basis.On the flip side, the Passenger Vehicle segment, Construction Equipment, and Commercial Vehicle declined by 3.1 per cent, 6.3 per c ...Read More >
New Delhi [India], July 2 (ANI): India stock benchmarks continued to remain in the red after the latest rally, in what analysts attribute it as profit booking by investors. Besides, analysts opine uncertainties around extension in Trump reciprocal tariffs beyond July 9, and a India-US bilateral trade agreement weighed on the Indian stock indices this week. Today, the benchmark indices witnessed profit booking at higher levels, said Shrikant Chouhan, Head Equity Research, Kotak Securities The Nifty ended 88 points lower, while the Sensex closed 288 points lower. Among sectors, Metal index o ...Read More >
CNH is preparing to add a fourth manufacturing facility in India, a move that underlines the company's intent to scale up production capacity and achieve a double digit tractor market share in the medium term. The new unit, which will become CNH's second tractor plant in the country, is under evaluation with land acquisition talks in progress. The site will be larger than the company's existing Greater Noida factory and designed to scale in phases. Gerrit Marx, Chief Executive Officer, confirmed ...Read More >
NEW DELHI: Excess rains during the monsoon season will have a limited impact on kharif crops, particularly paddy production, in the states, so the total agricultural output in the country will remain steady, officials said. "I do not anticipate a drastic reduction in paddy production. There may be a decrease in some states, such as Punjab, severely affected by floods," said Sanjiv Chopra, Secretary of the Ministry of Food Distribution and Consumers Affairs. Punjab is a major contributor to the central paddy pool. "But overall, I do not foresee any issues with paddy production. It will be hig ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UPI with Gold Loans enables customers to access instant credit against their gold holdings. The produc ...Read More >
Mumbai, Oct 28 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis on Tuesday expressed strong displeasure over the delay in disbursing financial assistance to flood-hit farmers and citizens. During the weekly cabinet meeting, he directed the Chief Secretary to take immediate corrective measures to ensure that the payments are made on time, sources said. Fadnavis intervened after several ministers, including Girish Mahajan, Gulabrao Patil and Dattamama Bharane, pointed out that despite the release of funds by the government, financial aid had not reached beneficiaries in several dis ...Read More >
Bengaluru: The sleuths of the Directorate of Revenue Intelligence (DRI) seized more than 190 tonnes of subsidised urea fertiliser, intended for farmers, from the black market on the outskirts of Karnataka's Bengaluru on Tuesday, officials said. The DRI conducted raids at a godown in Arasinakunte near Nelamangala. The raid followed specific information that subsidised urea, priced at Rs 266, was being sold in the black market for more than Rs 1,500. The accused allegedly transported the urea, supplied by the Union government for farmers, illegally to the godown, replaced the sacks, and sold ...Read More >
India has adequate seed stock available for the upcoming sowing season, a government official said on Wednesday, as war in the Middle East continues to disrupt global supply chain. "India has enough seed stock available for the upcoming sowing season," Additional Secretary, Agriculture and Farmer Welfare, Maninder Kaur Dwivedi said during the government's inter-ministerial briefing on recent developments in West Asia. Also read: Tanker carrying Iran crude signals India after 7-year import gap ...Read More >
New Delhi [India], April 6 (ANI): Indian automobile retail reached a historic milestone in the financial year ending March 2026, recording total sales of 2,96,71,064 units. Data released by the Federation of Automobile Dealers Associations (FADA) showed a 13.30 per cent year-on-year growth, bringing the industry to the brink of the 3-crore mark. This performance was driven by record-breaking sales across nearly all vehicle categories and a significant surge in demand during the latter half of the year. Two-wheeler sales stood at 2,14,20,386 units (+13.40%), and three-wheeler sales touched 13, ...Read More >
MUMBAI: India's auto retail machine roared into record territory in FY2025-26, selling 2,96,71,064 vehicles -- nearly three crore units -- a 13.30 per cent surge year-on-year that left five of six vehicle categories standing at all-time highs. The country is knocking on the door of the three-crore milestone, a figure that would have seemed fanciful just 24 months ago. Then came March 2026: a scorching 26,92,449 units, the highest single month ever recorded, up 25.28 per cent on the year. The India growth story, battered by doubters for half a decade, has emphatically answered back. A landmark ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
PUNE: Automobile dealers clocked a modest rise of 5 per cent year-on-year to 22.12 lakh units in the retail sale of total vehicles in May, buoyed by healthy two- and three-wheeler sales. However, passenger vehicle (PV) sales bucked the trend, slipping 3.1 per cent as rising inventory and cautious consumer behaviour signalled a pause in demand recovery, the Federation of Automobile Dealers Associations or FADA data showed on Friday. The PV registrations last month stood at 3,02,214 units, as compared to 3,11,908 units in May 2024. FADA said that customers delayed purchases in several states d ...Read More >