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.
Hyderabad, July 2 (SocialNews.XYZ) The Telangana government has constituted a four-member expert committee to investigate Monday's explosion at Sigachi Industries in Pashamylaram, which claimed the lives of 40 workers and left several others injured. The committee, to be headed by B. Venkateshwar Rao, Emeritus Scientist, CSIR-IICT, will identify the causes and establish the reasons and events that led to the major explosion. The members of the committee are T. Prathap Kumar, Chief Scientist, CSIR-IICT, Surya Narayana, retired scientist, CSIR-CLRI and Santosh Ghuge, Safety Officer, CSIR-NCL, Pune. The Labour, Employment Training and Factories Department on Wednesday issued an order, constituting the expert committee to submit a detailed report along with suggestions/recommendations. The order mentions that a preliminary enquiry report was received on Monday from the Director of Factories. According to the report, a major explosion occurred in Sigachi Industries Limited, IDA, Phase-I, Pashamylaram, Patancheru Mandal, Sangareddy district on June 30 at about 9.20 a.m. The plant manufactures Microcrystalline Cellulose powder, which is used in tablets and capsules as a binding agent. The report also mentioned that at the time of the incident, 143 persons were inside the factory premises. The expert committee will find out if the Standard Operating Procedure (SOP) for worker safety was followed or not in the industrial unit. It will also ascertain whether there was any absence or lack of, or violation of compliance with, chemical and industrial processes that are required to be followed by the company management. The committee has been asked to suggest/recommend a way forward to avoid/prevent such incidents/events in future in similar chemical and pharma industrial units. According to the Government Order, the committee shall examine the management, staff and workers of Sigachi Industries and interact with various consultants/organisations/persons/government officials as deemed fit during its enquiry. The committee has been directed to submit a detailed report with specific suggestions/recommendations within one month. Director of Factories has been asked to assist the committee and provide necessary information.
Navi Mumbai: The father of a three-day-old girl who was found abandoned in a blue basket outside Navi Mumbai's Panvel wad traced and detained on Sunday, the police said. According to them, the infant's parents were not financially stable enough to raise her. Due to this, the couple decided to give up the baby to an orphanage that could look after her, reported PTI. However, the Navi Mumbai police's crime branch traced the infant's father, Aman Iqbal Kondkar, a resident of Thane's Bhiwandi, within 24 hours, an official said. ...Read More >
HYDERABAD: The death toll from the massive explosion at a multi-storey chemical plant in Telangana's Medak district climbed to 35 by Tuesday morning, with several workers injured and many still unaccounted for.Rescue operations are ongoing, and officials fear the toll may rise further as teams continue to sift through the rubble in search of those possibly trapped beneath the collapsed building.The government area hospital in Patancheru, where post-mortem examinations are being conducted, confirmed 35 deaths so far.The workers at the plant hail from multiple states, including Telangana, Andhra ...Read More >
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 >
Hyderabad, July 15 (UNI) The Telangana State Human Rights Commission (SHRC) has taken suo motu cognizance of disturbing media reports about a food poisoning incident at the Scheduled Tribe Welfare Girls' Hostel in Mudigonda, Devarakonda Mandal of Nalgonda District, where over 30 girl students reportedly fell ill after consuming contaminated food. In response, the commission has directed the chief secretary to the government of Telangana to submit a comprehensive report by August 28. The report is expected to detail the current health condition of the affected students, findings from any inqui ...Read More >
New Delhi, Jul 15 (PTI) Political parties relying on caste considerations are equally dangerous for the country, the Supreme Court observed on Tuesday as it refused to entertain a plea seeking cancellation of the registration of the All India Majlis-e-Ittehadul Muslimeen (AIMIM) as a political party. A bench of Justices Surya Kant and Joymalya Bagchi pointed out that according to the constitution of the AIMIM, its objective is to work for every backward section of the society, including minorities, which is professed by the Constitution. "The party says they will work for every backward clas ...Read More >
During a flight, Tejasvi Surya engaged in a stimulating conversation with N.R. Narayana Murthy, covering topics from AI to urban planning. Murthy emphasized India's potential and addressed his controversial 70-hour workweek proposal. He humorously revealed that Prime Minister Modi likely works even longer hours, sparking further discussion on work ethic and national development. What started as a routine flight from Mumbai to Bengaluru turned into a whirlwind of ideas, philosophies, and a dash o ...Read More >
Himachal Pradesh faced nature's fury. Bridges collapsed in Shimla, Lahaul, and Spiti. Cloudbursts and flash floods caused widespread damage. Over 300 roads closed, disrupting travel. A police post swept away, shops damaged. No casualties reported yet. Orange alert issued for more heavy rain. The state has suffered significant financial losses this monsoon. Many people have died in rain-related incidents. Several bridges were washed away in Shimla and Lahaul and Spiti districts, while over 300 roads, including two national highways, have been closed across Himachal Pradesh following fresh inci ...Read More >
Hyderabad: A devastating explosion at a chemical manufacturing unit in Pashamylaram industrial area in Sangareddy district, claimed 15 lives and left 34 workers injured. The tragic incident occurred on Monday at Sigachi Industries Pvt Ltd which manufactures microcrystalline cellulose (MCC) powder used in pharmaceutical, food and other industries. Eyewitnesses said there was a loud explosion, shaking nearby areas and sending thick black smoke into the sky. The factory was soon engulfed in flames, triggering panic among employees and nearby residents. The incident occurred around 9 am on Monday ...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 >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Gadwal: In a significant step towards uplifting the underprivileged and fulfilling the promises of the Telangana State Government, local MLA Bandla Krishna Mohan Reddy presided over the distribution of Indiramma Housing Scheme proceedings to eligible beneficiaries of Gadwal Mandal. The event was held today at the MLA Camp Office in Gadwal district headquarters. The Telangana government, under the leadership of Chief Minister Revanth Reddy, has been actively implementing welfare schemes across all sections of society. Special emphasis has been placed on women's empowerment, free electricity, g ...Read More >
New Delhi: The Supreme Court on Tuesday said it is not keen to entertain a plea seeking directions to the Election Commission of India (ECI) to deregister All India Majlis-e-Ittehadul Musalimeen (AIMIM), led by MP Asaduddin Owaisi. The matter came up before a bench comprising justices Surya Kant and Justice Joymala Bagchi. The bench orally expressed its concern on political parties invoking caste issues and termed it "dangerous", and also expressed its discontent with regional parties sometimes invoking regional sentiments. The apex court was hearing a plea filed by Shiv Sena's Telangana wing ...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 >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been clos ...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 >
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: Putting an end to months of speculation, the state govt Friday appointed Intelligence chief B Shivadhar Reddy as new director general of police, replacing incumbent Dr Jitender, who is set to superannuate on September 30.Reddy, a 1994-batch officer, has been transferred and posted as DGP (Coordination) and given full additional charge as head of the police force (HoPF) until further orders.The next intelligence chief is yet to be named.The other IPS officers in the race for the top pos ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah has reacted to a viral video that shows an SBI branch manager in Bengaluru refusing to speak Kannada during an interaction with a customer, sparking a fresh language row in the southern state. The incident took place at the Surya Nagara branch in Anekal Taluk area in Bengaluru earlier this week, and the video of the incident has gone viral since then. Condemning the bank manager's behaviour, he said that the woman's refusal to speak in Kannada or even in English and the apparent disregard for citizens was highly unacceptable and deeply disrespec ...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 >
Hyderabad: Telangana government will engage with the management of Sigachi Industries Ltd to ensure that a compensation of Rs 1 crore is paid to the kin of those who died in the explosion at the pharma plant in Pashamylaram, Chief Minister Revanth Reddy said on Tuesday as he visited the explosion site and also met with the injured at the hospital. The explosion at the Sigachi Industries' pharma plant in Sangareddy district left 36 workers dead and at least 34 injured. Some workers were still missing, as officials said there were 143 people at the pharma plant at the time of the blast, out of ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...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 >
Hyderabad (Telangana) [India], August 29 (ANI): Renowned film director Sandeep Reddy Vanga, along with Pranay Reddy Vanga, met the Telangana Chief Minister Revanth Reddy at his Jubilee Hills residence. He donated Rs 10 lakhs to the CM's relief fund on behalf of Bhadrakali Productions, according to the Telangana CMO. Meanwhile, Union Minister of State Bandi Sanjay Kumar held a telephonic conversation with Telangana Revenue Minister Ponguleti Srinivas Reddy regarding the ongoing relief operations in flood-hit areas in the state. According to an official statement from the Union Minister's off ...Read More >
Hyderabad (Telangana) [India], September 26 (ANI): The Telangana government is working with a clear vision to position the State as the 'Aerospace Capital of India', said IT and Industries Minister Duddilla Sridhar Babu on Friday. According to a release, the Minister chaired a brainstorming session with leading aerospace entrepreneurs and experts at the Dr B.R. Ambedkar Telangana Secretariat, organised in collaboration with the FICCI Telangana Aerospace and Defence Committee. The discussions focused on strengthening the State's aerospace ecosystem, strategies for future growth, and policy mea ...Read More >
Hyderabad: Terming the handcuffing of Lagacharla farmer Hirya Nayak, currently lodged in Sangareddy jail, while taking him to hospital for treatment "inhuman", BRS working president KT Rama Rao has urged the Chief Justice of Telangana high court to take the case suo motu and urged governor Jishnu Dev Varma to order a probe into the incident. Addressing a press meet on Thursday, the BRS leader said the farmer, who is suspected to have suffered a heart attack while in jail, was treated inhumanly. ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
Bilaspur, July 14 (PTI) The arrest of a female job aspirant and her sister, who coordinated from an autorickshaw, has busted a hi-tech fraud during the Chhattisgarh VYAPAM exam, leading to the recovery of a camera hidden in clothes, a microphone, and a walkie-talkie, police said on Monday. After the duo was arrested in Bilaspur district, the Congress alleged a big scam under the Chhattisgarh Vyavsayik Pariksha mandal (CG VYAPAM) examination and demanded a CBI inquiry. Police seized seven electronic devices, including mobile phones, a walkie-talkie, micro earphones, and a secret camera, on Su ...Read More >
The Supreme Court will hear a plea against the Delhi High Court's stay on the film 'Udaipur Files: Kanhaiya Lal tailor murder'. The film's release was halted despite censor board approval. Producers argue the stay violates their rights after investing in the movie. The Delhi High Court wants the Centre to decide on banning the film due to potential disharmony. The Supreme Court on Monday agreed to hear a plea challenging the Delhi High Court's decision to stay the release of the film 'Udaipur Fi ...Read More >
Hyderabad, July 2 (UNI) The Telangana government has constituted a four-member expert committee to investigate Monday's major explosion in Sigachi Industries in Pashamylaram of Sangareddy district in which 38 persons were killed and several others injured. The Director of Factories, Hyderabad, has reported that a major explosion occurred in the Sigachi Industries at around 0920 hours on June 30, 2025, where Microcrystalline Cellulose powder is being manufactured, to be used in tablets and capsules as binding agent, said Chief Secretary K Ramakrishna Rao in a G.O issued here today. At the tim ...Read More >
Vijayawada: The Capital Region Development Authority (CRDA), which met on Saturday under the chairmanship of Chief Minister N Chandrababu Naidu, approved land pooling of an additional 20,494 acres of land from seven villages in the greenfield Amaravati capital region. The land pooling will be done in four villages of Amaravati mandal and three villages of Tullur mandal. Already sitting on a land bank of 54,000 acres of land for the greenfield capital city, the government is in the process of pooling another 40,000 acres in its endeavour to build a megapolis by combining Mangalagiri, Vijayawad ...Read More >