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.
Chennai, July 1: At least five people were killed in a powerful explosion at the Gokulesh Fireworks Factory located in Chinnakkampatti, near Sivakasi in Tamil Nadu's Virudhunagar district on Tuesday, officials said. The blast, which occurred during the manufacturing process, also left at least two others injured. The injured have been admitted to the Sivakasi Government Hospital, where they are currently undergoing treatment. The bodies of the deceased have been sent for postmortem examination. Factory workers were engaged in routine work at Gokulesh Fireworks Factory when a powerful blast ripped through the unit. The blast flattened several rooms on the premises. Tamil Nadu Gas Cylinder Blast: 2 Cooks Injured After LPG Cylinder Explodes at Government School Canteen in Lingavadi, Probe Launched (Watch Video). Fire and Rescue Services personnel from both Sivakasi and Sattur rushed to the spot and are engaged in rescue and containment operations. Officials suspect that the explosion may have been triggered by the mishandling of explosive chemicals, though the exact cause is yet to be ascertained. A case has been registered, and further investigation is underway. The Virudhunagar district administration is coordinating relief and rescue measures. Sivakasi has witnessed several such tragic incidents in the past, raising concerns about safety practices and regulatory oversight in the region's fireworks manufacturing units. Virudhunagar Blast: Fire Erupts After Explosion at Firecracker Unit in Tamil Nadu's Sivakasi, Fire Tenders Rushed To Spot (Watch Videos). Sivakasi in Tamil Nadu is widely known as the hub of the firecracker industry in India. Ninety per cent of firecracker production comes from here. About eight thousand factories are operating in Sivakasi, employing lakhs of people. There are well-established safety protocols that are often violated even by licensed factories. Last year, there was a similar blast in Sivakasi in which ten people were killed. Probing authorities have often flagged a lack of space as a crucial factor that contributes to unsafe conditions within the factory premises that cause explosions. Just a day earlier, a massive explosion in Telangana's Sangareddy district claimed 36 lives so far. The blast took place at an industrial unit near Hyderabad.
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 >
A gang of seven, including the driver of the victim, was arrested by the Cyberabad police for their involvement in a ₹40 lakh dacoity case on Saturday (September 13), within 24 hours of the crime. Those arrested were identified as Madhu Kasula, 27, Thelapuram Vijay Kumar, 35, Mohd Azhar, 44, Salin Harshavardhan, 29, Shameem Mulla, 26, Bandra Anudeep, 25 and Cherukula Deepak, 25. Several of them have past criminal records involving cheating, theft, forgery and dacoity. Police seized ₹17.5 lak ...Read More >
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports. A large part of it is palm oil and its derivativ ...Read More >
Telangana (Hyderabad) [India], June 30 (ANI): Bharatiya Janata Party (BJP) spokesperson NV Subhash on Monday demanded a probe into the blast at the Sigachi Pharma chemical factory in Telangana's Sangareddy district, which killed eight people and left 26 others injured. The incident, which occurred in the Pasamailaram Phase 1 area between 8:15 am and 9:35 am, triggered a massive rescue operation. Officials stated that approximately 150 workers were on shift at the time, with nearly 90 present in the blast-affected area. Speaking to ANI, NV Subhash urged the government to verify whether the fa ...Read More >
As many as nine people are still missing in the explosion at the Sigachi Industries' pharma plant in Pashamylaram that claimed at least 38 lives and left 35 injured, and efforts are on to trace the missing people, Superintendent of Police (SP) of this district, Paritosh Pankaj, said on Thursday. Meanwhile, the expert committee appointed by the state government to ascertain the causes and establish the sequence of events that led to the explosion is expected to visit the site on Thursday. The pa ...Read More >
Tamilaga Vettri Kazhagam chief Vijay addressed a rally in Tiruchirappalli. Audio problems plagued his 20-minute speech. Supporters chanted his name amidst the unclear address. Vijay questioned the DMK government's unfulfilled promises from the 2021 election. He criticized the DMK regime regarding an illegal kidney sale racket. Vijay highlighted Tiruchirappalli's historical significance in Dravidian politics. Tamilaga Vettri Kazhagam chief Vijay's address from atop his campaign vehicle on Saturda ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, notably higher than the normal 4.3 mm. Warangal's Sangem recorded the day's highest maximum temperature ...Read More >
Hyderabad (Telangana) [India], July 1 (ANI): Telangana state high court advocate, Rama Rao, has filed a complaint with the National Human Rights Commission (NHRC) regarding the blast at the Sigachi Industries Limited pharmaceutical factory in Pashamylaram Industrial Area, which occurred on Monday. The complaint alleges that the incident, which resulted in several worker fatalities and injuries, was caused by the company's failure to follow safety protocols and negligence on the part of management. According to the complaint, "Several workers have been killed after a suspected reactor explosio ...Read More >
Telangana Chief Minister A. Revanth Reddy instructed officials to provide compensation of ₹1 crore to families of the workers who died in the blast at Sigachi Industries Pvt. Ltd. in Pashamylaram of Isnapur, Sangareddy. Directions were issued to give ₹10 lakh to those several injured. He said that the State did not witness an incident which claimed so many lives and action would be taken on those responsible. Of the 143 people who were working there at the time of the explosion, 44 were declared dead as of Tuesday (July 1, 2025) early afternoon. The Chief Minister said that directions were is ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
CHENNAI: An explosion caused by illegally stored firecrackers ripped through a residential building in Pattabiram on Sunday, killing four people and sending waves of panic through the neighbourhood just ahead of Deepavali. The incident occurred at the residence of one Aarumugam on Vivasaya Street. Preliminary investigations suggest that Aarumugam's son Vijay (25) had been illegally manufacturing and storing a large cache of country-made firecrackers, which are used at temple festivals and funerals, at the property. "It is an unlicensed facility. The building, which was already weak, came dow ...Read More >
ACB officials seized ₹1.31 lakh in unaccounted cash from RTA check posts across the erstwhile Adilabad district. Staff were reportedly taking bribes from drivers violating road safety norms, continuing operations despite government orders to remove the posts. Adilabad: Anti-Corruption Bureau (ACB) officials conducted searches at inter-State Regional Transport Authority (RTA) check posts across the erstwhile Adilabad district on Sunday, seizing Rs.1.31 lakh in unaccounted cash from the staff. ...Read More >
Hyderabad, April 9: Five persons were arrested in Telangana's Sangareddy district on Thursday for tying an Anganwadi teacher to a tree over the alleged financial cheating by her husband, police said. The shocking incident took place in Rasole village in Kangti mandal on Wednesday. Few villagers tied Vasanta Kumari to a tree with a rope and humiliated her as her husband, Prabhakar, had allegedly cheated them in the name of a finance company. Prabhakar had collected money from some villagers in Ramaragidda village under "HBM Finance" and fled. Angered over this, some villagers went to Rasole, w ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Chief Minister Revanth Reddy on Tuesday announced a compensation of Rs 1 crore to the families of the deceased and ordered a detailed inquiry into the Sigachi Pharma Industries explosion that killed 34 people and left several others injured. Addressing the gathering, CM Reddy said, 'Rs 1 crore will be given to the deceased and Rs 10 lakh to the seriously injured, and Rs 5 lakh to the injured people. The government will take care of their medical treatment...' He further added that the government would not only provide financial assistan ...Read More >
Prayagraj: Police on Sunday arrested five persons and seized around 1,400 kg of illegal firecrackers worth lakhs of rupees from three separate raids and checking in Handia, Jhunsi and Kaudhiyara areas of district.In Handia police arrested three men, including two brothers, for storing firecrackers illegally at a storehouse in Baraut block and seized over 977.360 kg of illegal firecrackers worth Rs 8 lakh. The three accused were booked under section 288 of Bharatiya Nyaya Sanhita (BNS) and section ...Read More >
New Delhi [India], October 18 (ANI): The Delhi Metro Rail Corporation (DMRC) on Saturday announced revised train timings for Diwali, with early morning services on the eve of the festival and curtailed operations on the night of Diwali. As per the announcement, on the eve of Diwali, Sunday (October 19), metro services on the Pink, Magenta, and Grey lines will commence at 6 am instead of the usual 7 am, which is the standard start time for Sundays. The change has been implemented to accommodate the anticipated increase in passenger movement ahead of the festival. Also Read | Diwali 2025 Bank ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Hyderabad: Telangana government will engage with the management of Sigachi Industries Ltd to ensure that a compensation of Rs 1 crore is paid to the kin of those who died in the explosion at the pharma plant in Pashamylaram, Chief Minister Revanth Reddy said on Tuesday as he visited the explosion site and also met with the injured at the hospital. The explosion at the Sigachi Industries' pharma plant in Sangareddy district left 36 workers dead and at least 34 injured. Some workers were still missing, as officials said there were 143 people at the pharma plant at the time of the blast, out of ...Read More >
Telangana pharma unit blast: Search continues for 13 missing workers Hyderabad: Search for 13 missing workers following the blast at a pharmaceutical unit at Pashamyalaram near Hyderabad continued on Wednesday. More than 48 hours after the blast at Sigachi Industries Pvt. Ltd., which claimed the lives of 36 workers, the rescue teams continued clearing debris. According to officials, 13 workers were still missing, and it is feared that they were trapped under the debris of the three-storey building, which collapsed under the impact of the blast. The search teams have deployed huge cranes an ...Read More >
Bhubaneswar: The death toll of workers from Odisha in the explosion at the chemical factory in Telangana rose to nine, with authorities confirming the identity of one more person using DNA-based analysis, an officer said on Saturday. The latest victim of the factory blast was identified as Purna Chandra Sahu, a native of Sukarpada in Cuttack district, said Pritish Panda, Officer on Special Duty (OSD), Directorate of Odisha Parivaar. With his death, a total of nine persons from Odisha were killed in the powerful blast at a pharmaceutical plant in Pashamylaram in Telangana's Sangareddy distric ...Read More >
Hyderabad: Seven people were arrested within 24 hours of a daring daylight robbery in Shankarpally near here, police said on Saturday. A gang of robbers on Friday made away with about Rs 31.50 lakh from a businessman's employee here after ramming their vehicle into his car. Rakesh Agarwal, a businessman, had deputed his manager Saibaba to collect Rs 40 lakh from a customer in Vikarabad. Saibaba hired the car of his acquaintance Madhu, who also drove it. Madhu had often accompanied him on trips to transport cash and other materials for the company. During investigation, police found that Madhu ...Read More >
New Delhi [India], April 5 (ANI): Congress General Secretary Jairam Ramesh on Sunday said that both Chief Election Commissioner Gyanesh Kumar and External Affairs Minister S Jaishankar are unlikely to respond to the party's recent questions concerning BJP's Puducherry President and Raj Bhavan constituency candidate VP Ramalingam and Latchiya Jananayaga Katchi (LJK) chief Jose Charles Martin hosting a Sri Lankan diplomat in Puducherry. Replying to Congress spokesperson Pawan Khera's post on X, Ramesh wrote, "The answers to your three questions are self-evident: 1. He will not, 2. He will not, ...Read More >
AIADMK leader E Palaniswami, who oversaw Tamil Nadu through the initial lockdown, reportedly claimed that if Covid had struck under the DMK regime, CM MK Stalin "would have died" Tamil Nadu Chief Minister MK Stalin on Wednesday slammed his political rival E Palaniswami over remarks that he would have died if the Covid-19 pandemic was initially handled by the DMK government. Stalin launched a scathing attack on Palaniswami saying he does not fear death, sparking a war of words in poll-bound Tami ...Read More >
Chennai, July 1 (SocialNews.XYZ) At least five people were killed in a powerful explosion at the Gokulesh Fireworks Factory located in Chinnakkampatti, near Sivakasi in Tamil Nadu's Virudhunagar district on Tuesday, officials said. The blast, which occurred during the manufacturing process, also left at least two others injured. The injured have been admitted to the Sivakasi Government Hospital, where they are currently undergoing treatment. The bodies of the deceased have been sent for postmortem examination. Factory workers were engaged in routine work at Gokulesh Fireworks Factory when a ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi has announced an ex-gratia of Rs 10 lakh each to the families of five Odia labourers who lost their lives in a devastating explosion at Sigachi Industries Limited's pharmaceutical factory in Telangana's Sangareddy district. The deceased labourers are Rajnala Jagan Mohan from Ganjam, Lagnajit Duari from Cuttack's Tigiria, Manoj Raut from Balasore, Dolagobinda Sahu from Jajpur, and Chaitu Bhatra from Nabarangpur. According to reports, three other Odia workers, Sameer Padhi from Ganjam, Chandan Kumar Naik from Bhadrak, and Neelambar Bhadra f ...Read More >
Raipur (Chhattisgarh) [India], July 1 (ANI): Three persons, including a woman, were killed after a passenger bus collided with a truck in Raipur on Monday morning, police said. The incident in which six persons were also injured took place on Raipur-Jagdalpur National Highway near village Kendri under Abhanpur Police station limits, police said Further probe into the case is underway. In a similar development, at least four people lost their lives and five others sustained injuries in a powerful explosion at a firecracker factory in Chinnakamanpatti near Sivakasi on Tuesday, according to th ...Read More >
Virudhunagar (Tamil Nadu), Jul 1 (PTI) The toll in a blast at a firecracker manufacturing factory in Sivakasi in the district on Tuesday rose to eight with three more workers succumbing. Tamil Nadu Chief Minister M K Stalin, who condoled the accident, announced solatium to the kin of the deceased. The devastating fire gutted the unit and left many injured, police said. Smoke that billowed from the factory as the firecrackers burst, could be seen from a distance. Police and fire and rescue services personnel who reached the spot rushed the injured to the hospital. The fire was later brought ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came off," said Aatish Mishra, the passenger."There was no depressurization, but this shouldn't have happ ...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 >
ROURKELA: In a biggest ever crackdown on unauthorised storage of firecrackers, Birmitrapur police along with a special squad on Monday night unearthed a massive haul of illegal crackers worth around Rs 90 lakh from three locations of Birmitrapur town in Sundargarh district. Such was the seizure that it took 17 mini-trucks, tractor-trollies and pick-up vans to shift the contrabands to the police custody. Acting on a tip-off regarding illegal storage of firecrackers in unsafe conditions, joint raids were conducted in which two godowns taken on rent by Vicky Tekriwal (35) and another residential ...Read More >