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.
KPL (KPL/VNA)ASEAN Secretary-General Dr. Kao Kim Hourn on July 1 announced key priorities of the ASEAN-India Tourism Work Plan 2023-2027, aiming to boost cruise tourism cooperation between the two sides. (KPL/VNA)ASEAN Secretary-General Dr. Kao Kim Hourn on July 1 announced key priorities of the ASEAN-India Tourism Work Plan 2023-2027, aiming to boost cruise tourism cooperation between the two sides. Speaking virtually from Jakarta during the ASEAN-India Cruise Dialogue 2025 which convened in Chennai, India, Dr. Kao said the initiative provides a timely platform to deepen maritime tourism and strengthen regional connectivity. He outlined several priorities under the work plan, including the development of integrated cruise circuits, enhancement of port infrastructure with digital systems, and promotion of joint investments in cruise-related services. The ASEAN chief emphasised capacity-building in cruise operations and hospitality, especially targeting youth and micro, small, and medium enterprises (MSMEs), and called for closer coordination through the ASEAN Task Force on Tourism and Transport. Sustainability was also a key theme, with calls to protect marine ecosystems, improve climate resilience, and harness digital platforms to enhance passenger experiences and operational coordination. According to Kao, these areas of cooperation reflect the potential for ASEAN and India to lead in sustainable and inclusive cruise tourism. He noted India's five-million-USD contribution to the ASEAN-India Fund as a vital support mechanism. With over 40 cruise destinations in ASEAN and major port upgrades underway, he said the sector is emerging as a strategic growth area. The dialogue was held as part of the ASEAN-India Year of Tourism aimed at strengthening tourism ties between the two sides.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it. State Bank of India will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met. Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said. A regulat ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Union Minister of Earth Sciences (Independent Charge) Jitendra Singh on Saturday left for France to lead a high-level Indian delegation at the International Meet on Oceans. The event will be held at the French city of Nice, as part of the United Nations Ocean Conference (UNOC3) from June 8 to 13. "Looking forward to representing India at the French picturesque coastal city of Nice, in the United Nations Ocean Conference," Singh shared in a post on X. At the general debate at UNOC3, Singh will articulate India's stance on ocean policy, highlighting the coun ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Kandla (Gujarat) [India], June 5 (ANI): On the occasion of World Environment Day, the Deendayal Port Authority (DPA) Kandla reaffirmed its unwavering commitment to sustainability and joined the global movement to 'Beat Plastic Pollution.' DPA highlighted its ongoing efforts toward building a cleaner, greener maritime ecosystem. These include conserving green cover, embracing renewable energy, and implementing comprehensive green port initiatives--all aligning with the port's long-term vision of environmental stewardship. To mark the day, a tree plantation drive was organised, witnessing enth ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
New Delhi, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar has urged the India-Central Asia Business Council to recommend a roadmap for further deepening of India-Central Asia ties in trade, economic and investment. Addressing the Business Council meeting in the national capital, EAM Jaishankar highlighted three broad objectives for strengthening the economic partnership -- deepen existing cooperation, diversify the trade basket and introduce sustainability and predictability in economic interactions. "One, is to deepen the existing cooperation both in terms of volume a ...Read More >
New Delhi, Jun 6 (PTI) Infrastructure major Larsen & Toubro (L&T) on Friday said it will raise Rs 500 crore through ESG bonds. An ESG bond is a debt security that funds an environmental, social, or governance goal. "Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (Sebi's) newly introduced ESG and sustainability-linked bond framework," the company said in a statement. HSBC is acting as the sole lead arranger in the transaction, it said. As part of the ESG bond deal, the ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. "These efforts aim to build modern, multimodal logistics systems w ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
Ahmedabad: On the occasion of the 25th MSME Day, Entrepreneurship Development Institute of India (EDII), Ahmedabad, celebrated the resilience and entrepreneurial spirit of India's Micro, Small, and Medium Enterprises, acknowledging their role as key drivers of grassroots development and national progress by organising 'MSME Talk' at its campus. The highlight of the day was the 'MSME Talk' delivered by Shri R.D. Barhat, Joint Commissioner of Industries, Government of Gujarat, on the theme: 'Treading a Sustainable Growth Path for MSMEs Amidst Changing Business Dynamics.' Also present on the occ ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a member of CBDT. He was member administration and had served as DG investigation in Delhi. The gover ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi, Jul 2 (PTI) Prime Minister Narendra Modi on Wednesday said India is committed to BRICS as a vital platform for cooperation among emerging economies as he left on a week-long visit to five countries, including Brazil where he will attend the bloc's meeting. "Together, we strive for a more peaceful, equitable, just, democratic and balanced multipolar world order," he said in his departure statement. During the week-long travel, the PM will visit Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia. Ghana will be his first port of call. Modi said that at the invitation of Presi ...Read More >
The Indian Chamber of Commerce (ICC) on Thursday organized the 14th India Minerals and Metals Forum in New Delhi, spotlighting the pivotal role of green steelmaking and the circular economy in guiding India's steel industry towards sustainability. The forum brought together policymakers, industry executives, and experts to explore how green steel can help decarbonize India's steel sector, the world's second-largest and a major contributor to global CO2 emissions. Discussions centered around integrating low-carbon technologies, such as hydrogen-based production, into steel manufacturing. Chall ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
New Delhi [India], June 29 (ANI): As high as 82 per cent of micro and medium retailers want to adopt digital streams to boost their sales, but offline marketplaces remain their preferred channel, showing their strength. According to a survey report by the global technology firm Zoho Corporation, six out of ten Micro, Small and Medium Enterprises (MSMEs) stated that they have adopted an omnichannel selling strategy, operating in both online and offline channels, with the majority (75 per cent) of them claiming this expands their reach and customer accessibility; 68 per cent of retailers report ...Read More >
New Delhi [India], June 29 (ANI): As high as 82 per cent of micro and medium retailers want to adopt digital streams to boost their sales, but offline marketplaces remain their preferred channel, showing their strength. According to a survey report by the global technology firm Zoho Corporation, six out of ten Micro, Small and Medium Enterprises (MSMEs) stated that they have adopted an omnichannel selling strategy, operating in both online and offline channels, with the majority (75 per cent) of them claiming this expands their reach and customer accessibility; 68 per cent of retailers report ...Read More >
KATHUA: Lieutenant Governor Shri Manoj Sinha inaugurated the Kathua Waterfront and dedicated the landmark urban rejuvenation project to the people of Kathua. In his address, the Lieutenant Governor congratulated the District Administration Kathua for providing a unique public space that will foster community interaction and cultural activities in the beautiful and historical city of Kathua. He said, the 1200-meter stretch along Kathua Canal in the heart of the city will shape urban landscape, economy, and social fabric and enhance the city's identity and livability. "Kathua Waterfront blend ...Read More >
Kathua (Jammu and Kashmir) [India], June 8 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha inaugurated the Kathua Waterfront, a transformative urban rejuvenation project, on Sunday, dedicating it to the people of Kathua as a space for recreation, wellness, and community engagement. The 1,200-metre stretch along the Kathua Canal is designed to reshape the city's landscape, economy, and social fabric while promoting sustainability and women's empowerment. LG Sinha emphasised that the project aligns with Prime Minister Narendra Modi's vision for urban transformation, calling it a 'foun ...Read More >
New Delhi [India], June 8 (ANI): Union Minister of Earth Sciences Dr Jitendra Singh, addressing the Monaco Marine Conference on Sunday, reiterated India's commitment to a resilient Blue Economy and pointed out that Prime Minister Narendra Modi had spoken about it twice in his two consecutive Independence Day addresses. In a symbolic show of global cooperation for ocean sustainability commemorating the 'World Ocean Day' today, Union Minister Dr Jitendra Singh and Norway's Minister of International Development, Asmund Grover Aukrust, jointly hosted a high-level event on Marine Spatial Planning ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
Chennai, June 2025: India Yamaha Motor (IYM) Pvt. Ltd. is proud to commemorate a significant milestone in its manufacturing journey with the completion of 10 years of operations at its Chennai Factory. Reinforcing its role as a critical production base for both domestic and global markets, the company also celebrated the roll-out of its 5 millionth two-wheeler from this state-of-the-art facility -- an Aerox 155 Version S that marked the milestone. Over the past decade, the Chennai plant has become a cornerstone of Yamaha's global operations to serve both Indian customers and export markets. I ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check Details. The corporation will provide financial products -- including sho ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >
New Delhi, June 27 (SocialNews.XYZ) A robust micro, small, and medium enterprises (MSME) ecosystem is not only important but also essential for the country's sustainable economic development, President Droupadi Murmu said on Friday. Addressing the 'MSME Day' celebration in the national capital, she said that MSMEs are a strong pillar of the country's economy. "They contribute significantly to GDP and promote innovation at the grassroots level. These enterprises generate more employment opportunities at a relatively low cost of capital. Most importantly, these enterprises generate employment ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...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 >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >