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, July 2 (Xinhua) -- The death toll in a chemical factory in India's southern state of Telangana rose to 40 on Wednesday. The massive blast took place on Monday in the Pashamylaram industrial area of the state's Sangareddy district. The ill-fated unit belonged to the Sigachi Industries, which announced a monetary compensation of 10 million Indian Rupees (116,645 U.S. dollars) for the families of each of the dead in the mishap. Besides, as many as 33 people were also injured in the blast, and several of them were said to be in critical condition. The death toll was feared to rise further. A search continued for those who were still missing. There were 143 workers in the plant when the blast occurred. Some of them escaped unhurt. The company said that the accident was not caused by a reactor explosion, and the unit would be shut down for the next 90 days till the government-led investigation into the blast concludes. ■
Hyderabad, July 8 (SocialNews.XYZ) The death toll in the blast in Sigachi Industries Ltd's manufacturing unit in Pashamylaram near Hyderabad rose to 44 with two injured succumbing on Tuesday. According to officials, the two workers who passed away were undergoing treatment at two different hospitals in the Sangareddy district. One of the workers Akhleshwar succumbed at Dhruva Hospital in Sangareddy while Arif breathed his last at Panacea Meridian Hospital near Beeramguda. Eight injured workers have so far succumbed at hospitals over the last week. Sixteen workers are still undergoing treatm ...Read More >
A gang of seven, including the driver of the victim, was arrested by the Cyberabad police for their involvement in a ₹40 lakh dacoity case on Saturday (September 13), within 24 hours of the crime. Those arrested were identified as Madhu Kasula, 27, Thelapuram Vijay Kumar, 35, Mohd Azhar, 44, Salin Harshavardhan, 29, Shameem Mulla, 26, Bandra Anudeep, 25 and Cherukula Deepak, 25. Several of them have past criminal records involving cheating, theft, forgery and dacoity. Police seized ₹17.5 lak ...Read More >
Telangana (Hyderabad) [India], June 30 (ANI): Bharatiya Janata Party (BJP) spokesperson NV Subhash on Monday demanded a probe into the blast at the Sigachi Pharma chemical factory in Telangana's Sangareddy district, which killed eight people and left 26 others injured. The incident, which occurred in the Pasamailaram Phase 1 area between 8:15 am and 9:35 am, triggered a massive rescue operation. Officials stated that approximately 150 workers were on shift at the time, with nearly 90 present in the blast-affected area. Speaking to ANI, NV Subhash urged the government to verify whether the fa ...Read More >
As many as nine people are still missing in the explosion at the Sigachi Industries' pharma plant in Pashamylaram that claimed at least 38 lives and left 35 injured, and efforts are on to trace the missing people, Superintendent of Police (SP) of this district, Paritosh Pankaj, said on Thursday. Meanwhile, the expert committee appointed by the state government to ascertain the causes and establish the sequence of events that led to the explosion is expected to visit the site on Thursday. The pa ...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 >
Hyderabad (Telangana) [India], July 1 (ANI): Telangana state high court advocate, Rama Rao, has filed a complaint with the National Human Rights Commission (NHRC) regarding the blast at the Sigachi Industries Limited pharmaceutical factory in Pashamylaram Industrial Area, which occurred on Monday. The complaint alleges that the incident, which resulted in several worker fatalities and injuries, was caused by the company's failure to follow safety protocols and negligence on the part of management. According to the complaint, "Several workers have been killed after a suspected reactor explosio ...Read More >
Telangana Chief Minister A. Revanth Reddy instructed officials to provide compensation of ₹1 crore to families of the workers who died in the blast at Sigachi Industries Pvt. Ltd. in Pashamylaram of Isnapur, Sangareddy. Directions were issued to give ₹10 lakh to those several injured. He said that the State did not witness an incident which claimed so many lives and action would be taken on those responsible. Of the 143 people who were working there at the time of the explosion, 44 were declared dead as of Tuesday (July 1, 2025) early afternoon. The Chief Minister said that directions were is ...Read More >
Telangana pharma plant fire: Company says 40 killed, announces Rs 1-crore ex-gratia Sigachi Industries Ltd had been using outdated machinery and workers were compelled to operate it, the FIR registered against the management stated. The Sangareddy police, based on a complaint by a family member of one of the victims, on Monday registered an FIR against the factory management in connection with the explosion Sigachi Industries Ltd on Wednesday said it had lost 40 of its team members in the recent explosion and fire at its Pashamylaram plant in Sangareddy district. The company also announced a ...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 >
ACB officials seized ₹1.31 lakh in unaccounted cash from RTA check posts across the erstwhile Adilabad district. Staff were reportedly taking bribes from drivers violating road safety norms, continuing operations despite government orders to remove the posts. Adilabad: Anti-Corruption Bureau (ACB) officials conducted searches at inter-State Regional Transport Authority (RTA) check posts across the erstwhile Adilabad district on Sunday, seizing Rs.1.31 lakh in unaccounted cash from the staff. ...Read More >
Hyderabad, April 9: Five persons were arrested in Telangana's Sangareddy district on Thursday for tying an Anganwadi teacher to a tree over the alleged financial cheating by her husband, police said. The shocking incident took place in Rasole village in Kangti mandal on Wednesday. Few villagers tied Vasanta Kumari to a tree with a rope and humiliated her as her husband, Prabhakar, had allegedly cheated them in the name of a finance company. Prabhakar had collected money from some villagers in Ramaragidda village under "HBM Finance" and fled. Angered over this, some villagers went to Rasole, w ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Chief Minister Revanth Reddy on Tuesday announced a compensation of Rs 1 crore to the families of the deceased and ordered a detailed inquiry into the Sigachi Pharma Industries explosion that killed 34 people and left several others injured. Addressing the gathering, CM Reddy said, 'Rs 1 crore will be given to the deceased and Rs 10 lakh to the seriously injured, and Rs 5 lakh to the injured people. The government will take care of their medical treatment...' He further added that the government would not only provide financial assistan ...Read More >
Hyderabad: Sigachi Industries said on Wednesday that the blast at its facility at Pashamylaram in Telangana resulted in the death of 40 people and left 33 injured. The company issued a brief statement, the first since the blast rocked the facility at Pashamyalaram industrial area in Sangareddy district near Hyderabad on Monday. "It is with anguish that we share details of the accident that occurred at the Sigachi Industries facility in Pashamylaram, Telangana, resulting in the loss of 40 valued team members and one that left over 33 injured," it said. "Our thoughts are with those affected b ...Read More >
New Delhi, Jul 2 (PTI) Shares of pharmaceutical firm Sigachi Industries Ltd tanked nearly 8 per cent on Wednesday, falling for the third trading session in a row, after a recent explosion and fire incident at its Telangana plant killed several people. The stock dropped 7.34 per cent to settle at Rs 42.69 apiece on the BSE. During the day, it tumbled 10.98 per cent to Rs 41.01. On the NSE, it tanked 7.57 per cent to Rs 42.56 a share. In three days, the stock has lost 22.63 per cent on the BSE. Sigachi Industries Ltd on Wednesday said it has lost 40 of its team members in the recent explosio ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Telangana pharma unit blast: Search continues for 13 missing workers Hyderabad: Search for 13 missing workers following the blast at a pharmaceutical unit at Pashamyalaram near Hyderabad continued on Wednesday. More than 48 hours after the blast at Sigachi Industries Pvt. Ltd., which claimed the lives of 36 workers, the rescue teams continued clearing debris. According to officials, 13 workers were still missing, and it is feared that they were trapped under the debris of the three-storey building, which collapsed under the impact of the blast. The search teams have deployed huge cranes an ...Read More >
Bhubaneswar: The death toll of workers from Odisha in the explosion at the chemical factory in Telangana rose to nine, with authorities confirming the identity of one more person using DNA-based analysis, an officer said on Saturday. The latest victim of the factory blast was identified as Purna Chandra Sahu, a native of Sukarpada in Cuttack district, said Pritish Panda, Officer on Special Duty (OSD), Directorate of Odisha Parivaar. With his death, a total of nine persons from Odisha were killed in the powerful blast at a pharmaceutical plant in Pashamylaram in Telangana's Sangareddy distric ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi has announced an ex-gratia of Rs 10 lakh each to the families of five Odia labourers who lost their lives in a devastating explosion at Sigachi Industries Limited's pharmaceutical factory in Telangana's Sangareddy district. The deceased labourers are Rajnala Jagan Mohan from Ganjam, Lagnajit Duari from Cuttack's Tigiria, Manoj Raut from Balasore, Dolagobinda Sahu from Jajpur, and Chaitu Bhatra from Nabarangpur. According to reports, three other Odia workers, Sameer Padhi from Ganjam, Chandan Kumar Naik from Bhadrak, and Neelambar Bhadra f ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came off," said Aatish Mishra, the passenger."There was no depressurization, but this shouldn't have happ ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
Hyderabad, July 7: A week after the horrific fire and explosion at Sigachi Industries Limited's manufacturing unit in Pashamylaram near Hyderabad, the search continues for eight missing workers. Here To Join Us On WhatsApp Rescue teams continued to comb through the debris to find the remains of the missing men. Personnel from Fire Services, SDRF, HYDRAA and police continued combing through the debris for human remains. The anxious wait for the families of the missing workers continued at the help centre set up for the families of the victims for the eighth day. They have urged the authorit ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
New Delhi [India], July 2 (ANI): Expressing his condolences for the victims of the Sigachi Pharma Factory explosion and Congress MP Mallu Ravi said that the 'unfortunate' incident took place due to 'chemical reaction' in the pharma factory. 'It is a very unfortunate incident due to the chemical reaction in the pharma factory. CM has announced to give Rs 1 crore to each deceased family', Mallu Ravi told ANI. The Sigachi Pharma Factory explosion in Telangana's Sangareddy district claimed the lives of 34 people. According to officials, on Monday, over a dozen workers sustained injuries in an ex ...Read More >
NEW DELHI: A parliamentary panel looking into the levy of user fees or toll charges on National Highways (NHs) has raised concerns over the current practice of "perpetual tolling" even after project costs are recovered and a 3% annual escalation, irrespective of the highway quality, traffic volume, or user affordability.While recommending rationalisation and substantial reduction in toll charges on such stretches, its report has also mooted a "tariff authority" for toll fixation. The Public Accounts Committee headed by Congress MP K C Venugopal said, "Any continuation of tolls beyond this poin ...Read More >
Hyderabad, June 30 (SocialNews.XYZ) A massive explosion at an industrial unit in Telangana's Sangareddy district claimed the lives of 13 workers and left 35 others injured on Monday. The blast occurred in a chemical factory at Pashamylaram industrial area, about 50 km from Hyderabad. The explosion in Sigachi Chemicals led to the collapse of a three-story building in the manufacturing unit and triggered a huge fire. The death toll may rise as some more workers are feared trapped under the debris. The injured were admitted to various hospitals, and the condition of 12 of them was critical. T ...Read More >
Sangareddy (Telangana): The death toll in an explosion on Monday at the Sigachi Industries' pharma plant in Telangana's Sangareddy district rose to 34, officials said. About 90 people were working in the plant when the blast took place, reportedly due to a suspected chemical reaction, which also triggered a fire, Health Minister Damodara Raja Narasimha told reporters. A day later, a police official said that the toll has risen to 34. The explosion was so powerful that some of the workers were thrown nearly 100 metres away, eyewitnesses said. The cause of the mishap would be known after exa ...Read More >
NEW DELHI - Dozens have died in a major explosion at Sigachi Industries Pvt. Ltd., a pharmaceutical manufacturing plant in Pashamylaram, Sangareddy, Telangana, India. The blast, which happened at around 9:10 a.m. on Monday, 30 June 2025, has become one of the state's deadliest industrial disasters. At least 44 workers lost their lives, and many more suffered serious injuries. As of Wednesday, 2 July, search teams are still looking for 12 missing workers, and there are concerns that the number of victims may rise. Witnesses in nearby Isnapur reported hearing a loud bang, which set off a large ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Bollywood actor Shilpa Shetty Kundra, her businessman husband Raj Kundra, and an unidentified individual have been booked by the Economic Offences Wing (EOW) for allegedly defrauding a Mumbai-based businessman of Rs 60.4 crore in a loan-cum-investment deal linked to their now-defunct company, Best Deal TV Pvt Ltd, police said on Thursday. According to Mumbai Police, businessman Deepak Kothari has accused the couple of jointly cheating him of more than Rs 60 crore. He alleged that the money, given between 2015 and 2023 in the name of business expansion, was ins ...Read More >
Hyderabad, April 9 (SocialNews.XYZ) Five persons were arrested in Telangana's Sangareddy district on Thursday for tying an Anganwadi teacher to a tree over the alleged financial cheating by her husband, police said. The shocking incident took place in Rasole village in Kangti mandal on Wednesday. Few villagers tied Vasanta Kumari to a tree with a rope and humiliated her as her husband, Prabhakar, had allegedly cheated them in the name of a finance company. Prabhakar had collected money from some villagers in Ramaragidda village under "HBM Finance" and fled. Angered over this, some villagers ...Read More >
Sangareddy (Telangana) [India], June 30 (ANI): The death toll in the explosion at a chemical factory in Telangana's Sangareddy district rose to 12 after State Minister Vivek Venkatswamy said that four more bodies were recovered from the accident site on Monday. Telangana Ministers Venkatswamy and Damodar Raja Narasimha visited the site, where a blast occurred earlier in the day. Also Read | T Raja Singh Resigns: Jolt to BJP in Telangana As Firebrand MLA Quits Party After Being Barred From Filing Nomination for State Unit Chief Post. Speaking to the media, Venkatswamy said that currently, 12 ...Read More >