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: The Madras High Court on Wednesday appointed former judge M Govindaraj as the mediator for resolving the tussle between the Tamil Film Producers Council and the Federation of Film Employees of South India (FEFSI) over the non-cooperation protest resorted to by the latter regarding wage revision and other issues. Justice K Kumaresh Babu passed the orders to appoint the mediator on the petitions filed by the TFPC which had prayed for the court to issue a stay against FEFSI to hold the protests. The judge said the mediator will take necessary action for resolving the issues between the parties in a short time. On Monday, the court suggested appointment of the mediator and called upon both the parties to submit a list of retired judges so as to choose one for the task. Subsequently, they submitted the names before the court on Wednesday when the case came up for hearing. Advocates G Mohana Krishnan appeared for the FEFSI and Krishna Ravindran represented the TFPC. The judge refused to issue a direction to the FEFSI to resume work to complete the ongoing production works until the mediation is done, as sought by the counsel for TFPC. The TFPC approached the court against the non-cooperation protest resorted to by the members of the 24 unions affiliated to FEFSI stating that the stir has stalled the ongoing production works resulting in non-completion of the production causing huge loss to the producers. It alleged that the protest goes against the memorandum of understanding and agreements entered into by the individual unions with the producers for carrying out film production work. However, FEFSI denied the contention and stated the MoUs and agreements entered into with the producers only in 2022 and they have lapsed in March this year.
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Chennai, July 2 (SocialNews.XYZ) In an effort to resolve the ongoing standoff between the Tamil Film Producers Council (TFPC) and the Film Employees Federation of South India (FEFSI), the Madras High Court on Wednesday appointed former judge Justice M. Govindaraj as a mediator. The decision was made by a bench of Justice K. Kumaresh Babu, who directed the mediator to initiate dialogue with both parties and submit a report to the court at the earliest. The dispute has led to the suspension of several film productions, causing significant financial losses to producers. Advocate Krishna Ravind ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders at Sasaram in Rohtas district on Wednesday and reviewed preparations for Rahul Gandhi's visit to Bi ...Read More >
Thiruvananthapuram: Kerala Governor Rajendra Arlekar has written a strongly worded letter to Chief Minister Pinarayi Vijayan, criticising General Education Minister V Sivankutty for walking out of a function held at Raj Bhavan on June 19. The Governor described the incident as a breach of protocol and an insult to the constitutional office. The letter, dated June 26, refers to an awards ceremony for the Bharat Scouts and Guides, where Sivankutty -- who also serves as President of the Association's Kerala chapter -- objected to the presence of a garlanded portrait of Bharat Mata on the stage, ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
Ahmedabad, July 14 (PTI) The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology. The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings. On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehm ...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 >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...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 >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
CHENNAI: The Enforcement Directorate has issued summons to Tamil film actors K Srikanth and Krishna Kumar to appear before the agency in relation to a money laundering probe into the cocaine peddling case registered by the Greater Chennai Police, sources said on Thursday. Srikanth has been asked to appear for questioning on October 28 and Krishna Kumar on October 29 before the ED's office in Nungambakkam, the sources added. GCP had filed a case under the Narcotic Drugs and Psychotropic Substanc ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
VIJAYAWADA: The Science City of Andhra Pradesh (SCAP), operating under the state's Department of Infrastructure and Investment, on Monday signed a Memorandum of Understanding (MoU) with the CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR), New Delhi. The agreement aims to strengthen science communication, promote research collaboration, and support evidence-based policymaking in Science, Technology and Innovation (STI). The MoU was formalised in the presence of MT Krishna Babu, Special Chief Secretary and Venkateswarlu Kesineni, Chief Executive Officer of SCA ...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 >
Chennai: Preliminary investigations attribute the fire on the goods train near Tiruvallur to a possible spark from overhead electrical equipment (OHE) igniting fuel leaking from a derailed wagon.The incident paralysed services on the busy Chennai-Arakkonam route and left nearby residents engulfed in thick black smoke. The disruption left thousands of rail passengers stranded, many of whom were unable to get updates as railway helplines went unanswered for hours. The train carrying diesel from Chennai Harbour to Walajah Road Siding was exiting Tiruvallur station around 5.30am on Sunday, when a ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
The investment will be channelled into reviving the automaker's Maraimalai Nagar facility near Chennai in Tamil Nadu, which will be retooled to produce over 200,000 engines annually. Ford Motor Co. plans to invest about ₹32.5 billion ($370 million) in India to manufacture high-end engines for export markets, marking a significant return to local production four years after shutting down operations in the country, according to a person familiar with the matter told Bloomberg. The investment wi ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
The Madras high court on Thursday issued a notice to actor-politician Vijay's fledgling party Tamizhaga Vetri Kazhagam (TVK) on a suit alleging copyright infringement of the party's flag design. Justice Senthilkumar Ramamoorthy issued the notice on a civil suit filed by GB Pachaiyappan, a member of the trust, Thondai Mandala Saandror Dharma Paribalana Sabai (meaning Thondai Zone Witnesses Virtue Upkeep Council). Pointing out to the red and yellow colours used and the logo, the plea alleges that ...Read More >
Delhi is set to become the nation's "creative capital" with over 30 major cultural events planned in the next eighty days. The government is enhancing venues and streamlining permissions to boost the live entertainment industry, attracting renowned artists and potentially Lionel Messi. Delhi is set to become India's "creative capital," with over 30 major Indian and international cultural events lined up in the next 80 days, Chief Minister Rekha Gupta announced on Thursday. Speaking at a press c ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the "Samudra Se Samriddhi - Transforming India's Maritime Sector" programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways' release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. Also Read | Karur Tragedy: Madras High Court Cancels Urgent Hearing on Stampede at Vijay's TVK Election Rally in Tamil Nadu. The MOUs were signed on September 18th in the presenc ...Read More >
New Delhi, Jul 1 (PTI) The India Meteorological Department (IMD) on Tuesday said very heavy rainfall is expected in Himachal Pradesh, Uttarakhand, Uttar Pradesh, Punjab, Haryana and Rajasthan over some of the next six to seven days. It said the monsoon will remain active in many parts of northwest, central and east India during this period. Heavy rain is also likely in Madhya Pradesh, Vidarbha, Chhattisgarh, Bihar, West Bengal, Sikkim and Jharkhand. Some days may see heavy showers in Madhya Pradesh, Jharkhand and Odisha. The IMD said heavy to very heavy rain may occur at some places in Konk ...Read More >
Thrissur (Kerala) [India], July 7 (ANI): Vice President Jagdeep Dhankhar's scheduled visit to the Guruvayur Temple in Kerala's Thrissur was cancelled on Monday due to inclement weather, officials said. According to communication from the Kerala Public Relations Department (PRD), the Vice President's helicopter, which was en route to the Sree Krishna College helipad, was forced to return to Kochi because of heavy rain and adverse weather conditions. Following the cancellation, the Vice President is now expected to depart for New Delhi at 12.35 pm today, the statement added. The Met Centre Ke ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
New Delhi [India], August 29 (ANI): Union Minister of State (MoS) for Law and Justice, Arjun Ram Meghwal, emphasised that India is steadily positioning itself as a global hub for arbitration with a focus on establishing a network of credible arbitral institutions. MoS Meghwal made the remarks during the first meeting of the India-Singapore Joint Consultative Committee (JCC), established under the Memorandum of Understanding (MoU) on cooperation in Law and Dispute Resolution, held in Singapore on Friday. The meeting marked a significant milestone in bilateral legal collaboration under the fra ...Read More >
Coimbatore (Tamil Nadu) [India], April 9 (ANI): Union Minister and Tamil Nadu Bharatiya Janata Party (BJP) election in-charge Piyush Goyal on Thursday launched a scathing attack on the ruling DMK ahead of the state Assembly elections, asserting that the party "running under one family known for corruption" is taking Tamil Nadu down. He accused the DMK of corruption, mismanagement, and failure to implement central government schemes. Addressing a press conference in Coimbatore, often referred to as the "Manchester of South India," Goyal said, "The entire family of AIADMK and allies are workin ...Read More >
VIJAYAWADA: YSRCP MP P V Midhun Reddy was arrested by Andhra SIT late on Saturday after nearly seven hours of questioning in the alleged Rs 3,200 crore liquor scam. The arrest comes after the anticipatory bail petitions of Mithun Reddy were rejected by AP high court and Supreme Court, reports Madhu Rasala.He is the second politician to be arrested in the alleged scam that took place during the previous YSRCP rule. With the latest arrest, the number of accused arrested so far has increased to 12.Earlier, Midhun Reddy arrived in Vijayawada from New Delhi amid heightened security. Krishna distric ...Read More >
Imphal: In exercise of the powers conferred by the Constitution of India, the President has appointed Justice M. Sundar, Judge of the Madras High Court, as the Chief Justice of the High Court of Manipur, with effect from the date he assumes charge of the office. This appointment follows the superannuation of Justice Kempaiah. Ready for a challenge? Click here to take our quiz and show off your knowledge! The Central Government approved the Supreme Court Collegium's recommendation dated September 11, which endorsed Justice M. Sundar for the post, officials reported on Sunday. Justice Sundar ...Read More >