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.
Lucknow, July 1 (SocialNews.XYZ) Bahujan Samaj Party (BSP) President and former Uttar Pradesh Chief Minister Mayawati on Tuesday strongly criticised the Central Government's decision to hike railway fares, terming it 'anti-people' and against the interests of the common man. In a statement, Mayawati said that a vast section of the country's population is already grappling with poverty, unemployment, rising inflation, and a steady decline in income. "In such circumstances, the decision to increase railway fares appears to be driven by commercial considerations, rather than the welfare-oriented spirit enshrined in the Constitution," she said. Drawing a parallel with the Goods and Services Tax (GST), she added, "Just like GST, the burden of 'Nation First' is being unfairly shifted onto the shoulders of the common people through increased rail tariffs." Mayawati urged the Central Government to reconsider the fare hike, highlighting that rail travel is not a luxury for millions of poor Indians, but a necessity for survival and employment. "For migrant workers, rail travel is not tourism -- it is a compulsion. The government must view their plight with sympathy and sensitivity, not through a commercial lens," she said. Citing data, the BSP chief claimed that around 95 crore people are now beneficiaries of one or more government schemes, representing 64.3 per cent of the population in 2025, up from 22 per cent in 2016. "This is not a matter of celebration -- it is a warning signal. It indicates a serious decline in the country's economic self-reliance," she warned. Mayawati also voiced her concern over policies being implemented in the name of controlling vehicular pollution, particularly in Delhi and other urban centres. She alleged that these measures were being used to harass the poor and middle-class segments of society. "Rather than merely enforcing regulations, the government must formulate a systematic policy to safeguard the livelihood of crores dependent on the transport sector," she said. Criticising the BJP-led Delhi government, Mayawati condemned the eviction of migrants from states like Uttar Pradesh, Bihar, and West Bengal without any rehabilitation plan. "Such displacement without alternatives is not only anti-people, but also shameful," she said, adding, "The courts have not banned rehabilitation before eviction; it is the government's duty to act with compassion and responsibility." Turning to the power crisis in Uttar Pradesh, Mayawati said that electricity shortages were severely affecting both small businesses and household consumers. She blamed privatisation policies for the failure to ensure adequate power supply and demanded immediate corrective measures. "The persistent electricity crisis reflects the government's inability to meet the basic needs of the people," she said.
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 >
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
The Cure SMA Foundation of India has praised the government’s recent efforts to address rare diseases, including Spinal Muscular Atrophy (SMA), with over Rs 900 crore allocated for treatment procurement. The foundation urges swift action to implement the procurement process within 45 days, following the Delhi High Court’s directive. SMA, a life-threatening genetic disease, has limited treatment access in India. While the drug Risdiplam has brought hope, collaborative efforts are needed to ensure wider availability. Experts stress the importance of a holistic approach to SMA care, citing Kerala ...Read More >
Assam's 75th Constitution Day highlighted the importance of the Indian Constitution, with CM Himanta Biswa Sarma commemorating the contributions of freedom fighters and Dr. BR Ambedkar. The event, held in Guwahati, underscored the Constitution's reflection of India's cultural heritage and its role in ensuring equality, freedom, and justice for all citizens. Assam Chief Minister Himanta Biswa Sarma participated in the 75th Constitution Day celebrations in Guwahati, emphasizing the significance of the Indian Constitution. This annual observation, assigned by Prime Minister Narendra Modi in 2015 ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Delhi's air pollution continues to worsen, with the Air Quality Index (AQI) hitting a hazardous 490, despite the government's 21-point plan to tackle the issue. The city’s residents are struggling to breathe, even indoors, and hospitals are overwhelmed with patients facing respiratory problems. The pollution crisis is exacerbated by the lack of cooperation among Delhi and neighboring states, and the central government, with each blaming the other. This pollution not only threatens public health but also jeopardizes Delhi's economic future, as it could drive away professionals and harm business ...Read More >
The Indian government launched the Rs. 1,435 crore PAN 2.0 project. Announced by Information and Broadcasting Minister Ashwini Vaishnaw, the project aims to establish the PAN number as a common business identifier across all government digital systems. PAN 2.0 Project Launch The Rs. 1,435 crore PAN 2.0 the project aims to establish the PAN number as a common business identifier across all government digital systems. CCEA Approval The Cabinet Committee on Economic Affairs (CCEA) approved the project under the Income Tax Department. As per Information and Broadcasting Minister Ashwini Vaish ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Thanksgiving break, France was at the heart of the attention yesterday. The political drama, there, only ...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 >
Union Minister of Rural Development and Agriculture & Farmers' Welfare Shri Shivraj Singh Chouhan launched the third edition of Nayi Chetna - Pahal Badlaav Ki, a national campaign against gender-based violence, at Rang Bhawan Auditorium, New Delhi yesterday. Delivering his address, Shri Chouhan stated that the Government has taken a slew of initiatives for women's economic and social development. He stressed that gender-based violence is not an issue that persists in rural areas, but in urban areas as well. He said with the presence of Union Minister of Women and Child Development Smt. Annpurn ...Read More >
Bigg Boss 18: Shilpa Shirodkar is termed 'biggest backstabber' after Vivian Dsena... Deepak Kalal fights with passenger in flight? Know the truth behind viral video Delhi court fixes Nov 28 for hearing former CM Arvind Kejriwal's plea over sanction copy in... Where will the Champions Trophy 2025 be played? ICC to take final call on THIS date Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan recalls telling Amitabh Bachchan he made 'big mistake' by... Deepinder Goyal's Zomato opens Rs 8500 crore QIP share sale, sets floor price at Rs... Delhi Capitals co-owner pens emotional fare ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
The Supreme Court on Monday (December 2, 2024) refused to relax emergency measures under Stage 4 of the Graded Response Action Plan (GRAP) dealing with air pollution in the national capital till it noticed a downward trend in the AQI level. A Bench of Justices Abhay S Oka and Augustine George Masih further sought the presence of the chief secretaries of NCR states to appear through video-conferencing to inform it whether or not any compensation was paid to the construction workers who were without work owing to the restrictions. Delhi air pollution: Air quality in Capital plunges to 'very po ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...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 >
The U.S. dollar continued its strong run on Monday, bolstered by soaring Treasury yields and expectations of limited Federal Reserve rate cuts. Meanwhile, the yen steadied ahead of a key speech by Bank of Japan Governor Kazuo Ueda, where he may hint at a possible rate hike in December, with markets pricing a 55% chance of such a move. Japanese Finance Minister Katsunobu Kato's warning on yen intervention caused a temporary pullback, while the dollar index touched a one-year high of 107.07. Analysts forecast further dollar gains as U.S. economic policies and performance outshine global peers. K ...Read More >
Euro zone government bond yields increased slightly as investors await upcoming inflation data that may influence the European Central Bank's policy direction. Concerns over potential tariff hikes from the U.S. could further impact ECB strategies. Germany's bond yields and political tensions in France also add to the economic uncertainties. On Tuesday, euro zone government bond yields saw a minor increase after hitting multi-week lows in the previous session. Investors are keenly awaiting inflation data later this week that could provide insight into the European Central Bank's potential poli ...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 >
New Delhi, Nov 26 (UNI) Congress president Mallikarjun Kharge, Leader of Opposition in Lok Sabha Rahul Gandhi, and party general secretary Priyanka Gandhi Vadra on Tuesday greeted the people on the occasion of 75th Constitution Day. On social media handle X, Kharge said, "The Constitution of India, painstakingly and carefully drafted by our foremothers and forefathers, is the lifeblood of our nation. It guarantees us social, economic and political rights. It constitutes India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC". He said, "Justice, Liberty, Equality and Fraternity are not ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...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 >
PUDUCHERRY: With the India Meteorological Department's (IMD) heavy rain forecast for Puducherry, the UT government has ramped up its preparedness to mitigate the impact, including uninterrupted electricity and drinking water supplies, evacuating residents from low-lying areas, and setting up relief camps. Puducherry experienced 7.69 cm of rainfall Karaikal received 9.6 cm of rainfall in the past 24 hours. After visiting several areas in the UT to assess the situation, Chief Minister N Rangasamy convened an emergency meeting with Public Works Minister Lakshminarayanan, Collector A Kulothungan ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
Srinagar (Jammu and Kashmir) [India], December 2 (ANI): Jammu and Kashmir National Conference (JKNC) President Farooq Abdullah claimed that Muslims are feeling unsafe and stated that there is no discrimination based on religion, as guaranteed by the Constitution. The former Chief Minister of Jammu and Kashmir also said that the government should treat Muslims without any discrimination. "...There is no doubt that Muslims are feeling unsafe. I will ask the govt of India to stop that. 24 crore Muslims cannot be thrown into the ocean. They (the govt) should treat Muslims equally, there is no di ...Read More >
Also Read: Indian Constitution at 75: Defending ideals amidst erosion "Today, we recall the tremendous contribution of the Constituent Assembly and its prolific members. We are forever indebted to their vision and wisdom," he said. Kharge said Pandit Jawaharlal Nehru, Babasaheb Dr BR Ambedkar, Sardar Vallabhbhai Patel, Maulana Abul Kalam Azad, Dr Rajendra Prasad, KM Munshi, Sarojini Naidu, Alladi Krishnaswamy Ayyar, Rajkumari Amrit Kaur and several eminent personalities were not just revered national icons but inspiring personalities who became the torchbearers of hope for generations togeth ...Read More >
Major blast outside Badshah's nightclub in Chandigarh, glass window shatters; no casualty Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur says 'that spotlight belonged to you': 'Main ta bahut lucky..' 'One Nation One Subscription': Centre's scheme to ensure access to research articles, journals EXPLAINED Shillong Teer Results TODAY November 26, 2024: Check winning numbers here Meet woman who has become the youngest to travel all 195 countries, she is from... Kerala lottery TODAY November 26 Live Sthree Sakthi SS 443 Tuesday, check winning ticket, prize money here The Matrix villa ...Read More >
Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture and diversity to the world, adding that the event also offers a platform for people from across the g ...Read More >
New Delhi [India], November 19 (ANI): Special measures, including the use of water sprinklers, have been implemented at the Delhi Zoo to combat air pollution and ensure that wild animals are not adversely affected. The Director of the National Zoological Park, Dr. Sanjeet Kumar, on Monday, highlighted the challenges faced by zoo management during winter. Speaking to ANI, Dr. Kumar said, "As soon as the winter season begins, the zoo management faces two challenges. First, the pollution levels rise after Diwali, and second, the onset of winter... The area around the zoo is very green, and loca ...Read More >