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: The delivery of the indigenously manufactured stealth Frigate Udaygiri to the Indian Navy on Tuesday marked a rare landmark in the history of the Force. Yard 12652 (Udaygiri), the second ship of Project 17A stealth frigate, being built at Mazagon Dock Shipbuilders Limited (MDSL), became the 100th ship to be designed and delivered by the Indian Navy's in-house Warship Design Bureau. The Indian Navy in its statement said, "The Project is a follow-on of the Shivalik class (Project 17) frigates active in service. Udaygiri is the second among the seven P17A frigates under construction at MDSL, Mumbai and GRSE, Kolkata. It is going to bolster the Indian Navy's blue water capabilities in future." Indian Navy in its statement added, "These multi-mission frigates are capable of operating in a 'Blue Water' environment dealing with both conventional and non-conventional threats in the area of India's maritime interests." Udaygiri is a modern Avatar of its predecessor, erstwhile INS Udaygiri, a Steam Ship decommissioned on 24 August 2007 after rendering 31 years of glorious service to the nation. P-17A ships have enhanced stealth features and are fitted with 'State of the Art' weapons and sensors, a significant upgrade from the P17 class. The ships represent a quantum leap in the Indian Navy's in-house design capabilities at the Warship Design Bureau. The newly designed ships are also being built employing the philosophy of 'Integrated Construction', which involves extensive pre-outfitting at the Block stages to reduce the overall build periods. Udaygiri has been delivered to the Indian Navy, in a record time of 37 months from the date of launching. These ships are fitted with an advanced weapon and sensor suite with enhanced 'sleek and stealthy' features compared to the P17 class. The ships are configured with Combined Diesel or Gas (CODOG) main propulsion plants, comprising a Diesel Engine and Gas turbine, driving a Controllable Pitch Propeller (CPP) on each shaft and a state-of-the-art Integrated Platform Management System (IPMS). The weapon suite comprises a supersonic Surface-to-Surface missile system, a Medium-Range Surface-to-Air Missile system, 76 mm Gun, and a combination of 30 mm and 12.7 mm rapid-fire close-in Weapon Systems.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. The awards were conferred to honour and recognise bravery, leadership, professional achievement and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...Read More >
Former Manipur CM N. Biren Singh stated that efforts are underway to establish a popular government in the state, currently under President's rule. He expressed optimism about forming a new government soon, emphasizing the BJP and its allies' desire for restoration of popular governance.Former Manipur chief minister N Biren Singh on Saturday said efforts are underway for setting up of a popular government in the state which is now under President's rule. Speaking at the sidelines of a programme at BJP state headquarters, Singh expressed hope that a new government will be formed in Manipur soo ...Read More >
Visakhapatnam (Andhra Pradesh) [India], July 18 (ANI): The Indian Navy is set to commission Nistar, the country's first indigenously designed and built Diving Support Vessel, at the Naval Dockyard in Visakhapatnam on Friday, in the presence of Union Minister of State for Defence, Sanjay Seth. In a post on X, SpokespersonNavy stated, "#Nistar - India's first indigenously designed & constructed Diving Support Vessel, to be commissioned into to the #IndianNavy today, #18Jul 25, in presence of Hon'ble Raksha Rajya Mantri, Shri@SethSanjayMP." Also Read | Is 'Cat Riding Crocodile' Video Real or Fa ...Read More >
New Delhi: A quiet splash. A dark current. And then, chaos. Concrete cracking. Steel shattering. Russia's mighty Crimean Bridge, once a symbol of unbreakable control, was torn. Not by fighter jets. Not by missiles. But by bombs, sleeping silently beneath the waves. On June 3 morning, Ukraine's security service SBU claimed responsibility for a jaw-dropping underwater strike on the Kerch Bridge, an important supply line between Russia and the occupied Crimean Peninsula. The attack, which reportedly used 1,100 kg of explosives, targeted the bridge's underwater pillars - crippling its foundation ...Read More >
NEW DELHI: India on Friday commissioned INS Nistar, its first indigenously designed and constructed diving support vessel, which can undertake complex deep-sea saturation diving and submarine rescue operations that only a few navies are capable of around the world.The commissioning of the 118-metre-long specialised warship, with a displacement of around 10,000 tonnes and over 80% indigenous content, took place at Visakhapatnam in the presence of minister of state for defence Sanjay Seth and Navy chief Admiral Dinesh K Tripathi. INS Nistar is the first of the two such vessels being built by Hin ...Read More >
New Delhi, Jul 19: The Indian Navy's indigenously built Survey Vessel Large (SVL), INS Sandhayak, arrived at Port Klang on its maiden port call from 16 to 19 July 2025, marking a significant step in India's expanding regional engagement in hydrographic cooperation. Designed and constructed in India, INS Sandhayak is the first of the Sandhayak-class hydrographic survey ships and was commissioned in February 2024. The vessel is equipped with advanced coastal and deep-water survey capabilities, oceanographic data collection systems, and has provisions for search and rescue operations. It is also ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...Read More >
Itanagar: Commander Ronie Chowpoo, a native of Namsai district, has made history as the first officer from Arunachal Pradesh to command a frontline Indian naval warship in the Eastern Fleet. This important appointment, announced Saturday, marks a major milestone and is expected to inspire the youth of Arunachal Pradesh. Ready for a challenge? Click here to take our quiz and show off your knowledge! Commander Chowpoo, a first-generation Indian Navy officer, was commissioned into the executive branch of the Navy in 2008. He is a specialist in communication and electronic warfare, having serv ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
New Delhi, Jul 4 (PTI) Former hockey player Aslam Sher Khan is baffled why the Obaidullah Cup tournament is not been given the kind of treatment it deserves since it was a "part of Bhopal's heritage." Khan, hero of India's World Cup win in 1975, alleged that apathy of Madhya Pradesh government officials is affecting the revival of the tournament. He informed that a committee formed under his chairmanship of Aslam sent e-mails to the state sports director and Bhopal's commissioner but did not receive any response. "This is not just a hockey tournament but a part of Bhopal's heritage. We forme ...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 >
New Delhi, Aug 1: Vice Admiral Sanjay Vatsayan, AVSM, NM, assumed charge as the 47th Vice Chief of the Naval Staff (VCNS) on Thursday. Marking the occasion, he laid a wreath at the National War Memorial in New Delhi, paying tribute to fallen soldiers. Commissioned into the Indian Navy on January 1, 1988, Vice Admiral Vatsayan is a specialist in Gunnery and Missile Systems and an alumnus of the National Defence Academy, Pune. His naval career spans over three decades, with extensive experience in command, operational, and strategic roles. He has served on several frontline warships including ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...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 >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Visakhapatnam, Jul 4: Sub Lieutenant Astha Poonia officially became the first woman to be streamed into the fighter stream of the Indian Navy. Paving the way for a new era of women fighter pilots in the force, and shattering barriers, Poonia also received the prestigious 'Wings of Gold' from Rear Admiral Janak Bevli, Assistant Chief of the Naval Staff (Air). According to the Ministry of Defence, the Indian Navy celebrated the graduation of the Second Basic Hawk Conversion Course at the Naval Air Station, INS Dega, in Visakhapatnam. Lieutenant Atul Kumar Dhull and Sub-Lieutenant Astha Poonia ...Read More >
A goods train transporting high-speed diesel ignited near Tiruvallur on Sunday morning, prompting a swift response from fire tenders. While no casualties were reported, the incident led to the suspension of local train services and the cancellation of eight express trains. A goods train carrying high-speed diesel caught fire on Sunday morning near Tiruvallur, a Railway official said. The fire broke out in a wagon and quickly spread to others. No casualties have been reported, the official said ...Read More >
Mumbai: Ports minister Nitesh Rane said the Radio Club jetty project will be taken forward as per Bombay High Court orders. Nearly 20% of the jetty work has already been completed and the facility will become operational by May next year, Rane told reporters in the Vidhan Bhavan premises."The proposed Radio Club Jetty project near Mumbai's Gateway of India received the green light from the Bombay High Court. The court dismissed all three petitions filed against the project and issued clear direct ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...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 >
New Delhi, Jul 1: The Indian Navy commissioned INS Tamal on July 1 at Yantar Shipyard in Kaliningrad, Russia. The stealth frigate, built under Project 1135.6, is the eighth in the series and second of the Tushil-class. It was inducted in the presence of senior Indian and Russian naval officials, including Vice Admiral Sanjay Jasjit Singh. INS Tamal is equipped with advanced Indian and Russian weapons systems, including the BrahMos missile and Humsa-NG sonar. With a crew of 276, the warship is designed for multi-dimensional blue-water operations and is set to join the Western Fleet. The ship ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi, Jun 29 (PTI) A controversy has erupted over the remarks by the Indian defence attache in Indonesia suggesting that the Indian Air Force lost fighter jets in the initial phase of Operation Sindoor as it was constrained by the mandate to not attack Pakistani military establishment and only target terrorist infrastructure. As the purported video of the remarks made by Captain Shiv Kumar on June 10 at a gathering surfaced on Sunday, the Indian embassy in Jakarta said the officer only stated the fact that the Indian armed forces serve under political leadership, unlike some other countr ...Read More >
NEW DELHI: The Indian Navy on Tuesday commissioned INS Tamal (F71), a multi-role stealth guided missile frigate at the Yantar Shipyard in Kaliningrad, Russia. INS Tamal is the eighth multi-role stealth frigate in the series of Project 1135.6 and the second of the additional follow-on Tushil class of ships. The first ship of Tushil class (INS Tushil) was commissioned on 09 Dec 24 in the presence of the Defence Minister. The Indian Navy in a statement said, "All seven ships inducted thus far are part of the Western Fleet - 'The Sword Arm' of the Indian Navy under the Western Naval Command. Thi ...Read More >
New Delhi [India], July 2 (ANI): The Indian Navy commissioned INS Tamal (F 71) on July 1 at Yantar Shipyard, Kaliningrad, Russia, in the presence of Vice Admiral Sanjay Jasjit Singh, the Flag Officer Commanding-in-Chief, Western Naval Command. According to a release from the Ministry of Defence, V Adm Rajaram Swaminathan, Controller of Warship Production and Acquisition, and VAdm Sergie Lipin, Commander of the Baltic Fleet of the Russian Federation Navy, were also present on the occasion, along with other senior officials from the Indian and Russian Governments, Navies, and industries. Also ...Read More >