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): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Also Read | RailOne App Launched: Railway Minister Ashwini Vaishnaw Unveils One-Stop Mobile Solution for All Passenger Services; Now Available on Android and iOS Platforms. Delivering his inaugural address, Margherita said, "73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of the creativity, craftsmanship, and confidence of Indians. This year, with an exhibition area of over 21,000 square metres and participation from buyers across 80 countries spanning North America, Latin America, Europe, Asia, Oceania, Africa, and Eurasia, this edition reaffirms the growing global trust in Indian textiles." Minster further underlined, "Under the visionary leadership of Prime Minister Narendra Modi ji, and the guidance of Minister of Textiles Giriraj Singh ji, the Ministry is focused on expanding India's global footprint in textiles and apparel. We are not just aiming for volumes, we are working towards value, versatility, and visibility." Also Read | Bengaluru Auto Fare Hike: Auto-Rickshaw Fares Set for 20% Hike in Karnataka Capital After Bike Taxi Ban, Check Details. The textile and apparel industry contributes 2.3 per cent to India's GDP, 13 per cent to industrial production, and 12 per cent to exports. In 2023-24 alone, we exported textile products worth $34.4 billion, with apparel accounting for 42 per cent of that. We now aim to cross $100 billion in textile exports by 2030, and every MSME, every entrepreneur, every exporter has a role in achieving this, Margherita highlighted. He also emphasised that with over 80 per cent of India's textile sector being MSME-driven, it is important to focus on boosting productivity, ensuring steady raw material supply, and reducing import dependence to stay competitive. Highlighting on the road ahead, the Minister underlined, "On the trade front, the India-UK Free Trade Agreement, and our ongoing negotiations with the EU and US, will open new avenues for growth. These are high-value, quality-conscious markets, and we are committed to equipping Indian exporters with the right strategy, standards, and compliance to seize these opportunities." Commenting on the 73rd Edition of IIGF, Sudhir Sekhri, Chairman, AEPC and IGFA, said, "I am happy to share that IIGF will provide a strong platform for the Indian apparel exporters to capitalise on India's momentum for growth. India's textile sector is at a pivotal moment, where the acceptability of 'Made in India' brands is more than ever before in the global sourcing arena. With the right policy push, innovation, and global partnerships, this could be the decade where India emerges not just as a volume player, but a value-added global garment exports powerhouse." The 73rd edition of IIGF focuses on showcasing the latest apparel trends tailored to meet the requirements of the European Union, the USA, and other Western markets. A large number of them are based on sustainable manufacturing practices. This year's event will highlight India's prowess in design, pattern and technological advancements, reflecting our unwavering commitment to innovation and responsible production. While highlighting the objective of the Fair, Chairman AEPC stated that IIGF will support MSMEs by helping them enter and grow in international markets while showcasing the latest fashion collections to a global audience. This will also facilitate buyer connections and drive industry growth through exposure and engagement. The India International Garment Fair features 361 exporters showcasing across 9,375 sq. mtrs. The fair features participation from 12 states across India. Key participating states include: Delhi, Uttar Pradesh, Rajasthan, Maharashtra, West Bengal and Haryana. The total number of countries represented at the 73rd IIGF is 79. (ANI)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Affinidi's IDC InfoBrief explores challenges faced by digital-native businesses in delivering customer value through data. It highlights the importance of hyper-personalisation and data privacy as businesses transition to Experience-Orchestrated models, particularly in Asia. The report stresses the necessity of holistic identity management for competitive advantage. In a rapidly evolving digital landscape, Affinidi has unveiled an IDC InfoBrief, showcasing the vital need for businesses to adopt Experience-Orchestrated (X-O) strategies. The report, based on a survey of digital-native businesse ...Read More >
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
* Commoditisation and similarity of products and services with competitors will have the most significant impact on how businesses deliver customer experiences over the next two years, according to the latest IDC InfoBrief commissioned by Affinidi * However, businesses who are looking to hyper-personalise their products as a competitive differentiator are facing several obstacles in addressing the privacy-personalisation dilemma, with 56% of them highlighting data collection and management to be a key challenge. * To truly enhance customer experiences through more personalised insights, they m ...Read More >
Air India is also offering additional discounts through various payment offers, so you can enjoy even more savings. Air India has launched its limited-time Black Friday Sale, offering up to 20 percent off base fares for domestic flights and up to 12 percent off on international flights to destinations like the United States, Europe (including the UK), Australia, Southeast Asia, and South Asia. The sale is available exclusively on Air India's official website and mobile apps for iOS and Android. The sale runs from 00:01 IST on 29 November 2024 to 23:59 IST on 2 December 2024. The travel peri ...Read More >
Filmmaker Jayan K Cherian; stills from his latest film 'Rhythm of Dammam', on the Siddi Community of Yellapur in Uttara Kannada (north Karnataka). The stunningly shot and evocative Rhythm of Dammam, in Siddi Bhasha, is the first fictional feature ever to be made on the Indian Siddi community that traces its ancestry to Africa. In the film, the pre-teen Jayaram, who lives in Karnataka's Yellapura, is afflicted by his dead grandfather's visions, as his impoverished family fights over supposed buried treasure. But Jayaram is a chosen one, the visitations will lead him to discover his community's ...Read More >
Ahmedabad, Dec 4 (VOICE) A grand celebration of BAPS volunteer services is set to be organised at Narendra Modi stadium, the world's biggest cricket stadium on December 7, to mark the selfless service and devotion of more than 1 lakh volunteers. The occasion will begin with a heartfelt tribute to Pramukh Swami Maharaj on his birth anniversary, celebrating his pioneering efforts in fostering a global community of selfless volunteers. The event will be graced by BAPS spiritual leader Mahant Swami Maharaj and attended by Home Minister Amit Shah, Gujarat Chief Minister Bhupendra Patel. The year- ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >
The financial repercussions of Parliament disruptions are considerable, impacting both public resources and the productivity of the nation's legislative process. However, both the Lok Sabha and Rajya Sabha have cumulatively functioned for merely 2 hours, with daily disruptions and sloganeering resulting in adjournments. The Rajya Sabha faced disruptions today (December 2) as Vice Chairman Jagdeep Dhankhar expressed discontent over sloganeering by Opposition MPs. The protests, which centered around demands for discussions on key issues, forced the Vice Chairman to adjourn the session until 12 ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...Read More >
LocalThunk and PlayStack's acclaimed roguelike sensation launched for iOS and Android devices in September. Balatro has probably been one of the year's biggest indie sensations, having not only enjoyed widespread acclaim from critics and audiences alike (including multiple nominations at The Game Awards), but also healthy sales across traditional platforms. In September, developer LocalThunk and publisher PlayStack also brought the game to iOS and Android, and since then, also seems to have been bringing in revenue on mobile platforms at a decent clip- at least in recent days. As per a repo ...Read More >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
The global smoke grenade market is expected to grow from $297.24 million in 2023 to $456.46 million by 2031, driven by a 5.5% CAGR. Military, law enforcement, and emergency services are the primary sectors fueling demand, especially for tactical operations, training, and crowd control. Advances in technology have led to safer, more effective smoke grenades, while commercial uses in activities like paintball and film production are rising. Environmental concerns are promoting the development of eco-friendly products. North America leads the market, with rising military expenditures further boos ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform. The net proceeds from the public offer will be used for ...Read More >
Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >
OnePlus has released a new OxygenOS 15 update (CPH2573_15.0.0.305) for the OnePlus 12, bringing promised AI features such as AI Retouch, clarity enhancement, unblur, and reflection removal for photos, along with AI Notes. The update also enables live photo sharing with nearby iOS devices and includes the November 2024 Android security patch. Currently rolling out in batches in India, the update will expand to North America, Europe, and global markets next week. The update enhances both functionality and security, delivering on OnePlus' commitment to improving user experience with innovative AI ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
Part of the deal involves assistance to boost mining supply chains. Peru is one of the world's top copper producers, while Japan is a major consumer of the key industrial metal. In the aftermath of the APEC summit, Peru also inked a defense cooperation deal with South Korea, including a submarine agreement with Hyundai Heavy Industries and another deal with Korea Aerospace Industries to manufacture parts for fighter aircraft, according to Boluarte's foreign minister. Last week, Peru formally inaugurated the Chinese-built Pacific coast megaport of Chancay, promising faster and more efficient ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
In the Indo-Pacific region, if one development would prove to be a landmark event in the region's modern history, it would be the signing of the Treaty of Comprehensive Partnership between North Korea and Russia in June 2024. The partnership has paved the way for strengthening bilateral ties between Moscow and Pyongyang and marked the onset of the global order transition, which was already underway. The institutionalization of the U.S., South Korea, and Japan's trilateral security cooperation has also given Russia and North Korea another strategic reason to collaborate. Therefore, with the geo ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
Asian and European stocks surged thanks to tech companies driving Wall Street to record highs. Japan's Nikkei and several European indices rose, while the US dollar stabilized after a previous surge. Political tensions in France and tariff threats from the US also affected market movements and currency valuations. Stock markets across Asia and Europe experienced a resurgence on Tuesday, driven in part by a strong performance in tech stocks in the US. Japan's Nikkei index surged by 1.91%, and the MSCI Asia index saw a 1.16% rise, bolstered by Wall Street's record highs overnight. European ind ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >
India is set to host the inaugural Kho Kho World Cup at New Delhi’s IGI Stadium from January 13-19, 2025, marking a historic milestone for the indigenous sport. Organized by the Kho Kho Federation of India (KKFI) in collaboration with the Indian Olympic Association (IOA), the tournament has garnered strong backing from IOA President PT Usha, who pledged comprehensive support to enhance its global appeal. Featuring 24 teams from six continents, including powerhouses like India, England, Brazil, and Australia, the event celebrates Kho Kho’s rich cultural heritage. This groundbreaking tournament ...Read More >
The total cost of the second phase of the project is estimated at $83.3 million, with the Tanzanian government contributing $8.33 million in counterpart funding. The African Development Bank (AfDB) has approved a $75 million loan to Tanzania for the second phase of the Centre of Excellence for Skills and Tertiary Education in Biomedical Sciences project, aimed at tackling the growing burden of cardiovascular disease in the country and the broader East African region. The total cost of the second phase of the project is estimated at $83.3 million, with the Tanzanian government contributing $8 ...Read More >
The steelmaker informed that it will reduce 5,000 jobs by 2030 and a further 6,000 jobs will be let go of via the sale of business activities or transfer to external service providers.Source : Thyssenkrupp Thyssenkrupp Steel Europe (TKSE) is planning to slash its workforce by roughly 40 per cent, the firm said on Monday. The steelmaker is looking to layoff nearly 11,000 workers as it announced a major restructuring move. The firm is a division of Thyssenkrupp AG and is the largest steelmaker in Germany. It has been facing pressure from cheaper Asian competitors, increasing power prices, and ...Read More >
Union Education Minister Dharmendra Pradhan launched the TeacherApp, a digital platform designed to equip educators with future-ready skills and enhance the learning experience for students. Developed by Bharti Airtel Foundation, the app offers teachers access to a wide range of resources and best practices from around the world. The TeacherApp is available for free across the Web, iOS, and Android platforms and features over 260 hours of high-quality content. This includes created and curated courses, learning bytes, short videos, podcasts, interactive webinars, thematic fests, competitions, ...Read More >