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.
No need for new UAN when changing jobsConsolidate multiple UANs via EPFO portalSubmit Form-13 to transfer balance and details If you're changing jobs, the Employees Provident Fund Organisation (EPFO) has an important guideline. It has mentioned that one does not need to generate a new Universal Account Number (UAN) when leaving one's previous job. A UAN is a 12-digit number that serves as a unique identifier for your EPF account, ensuring your provident fund (PF) remains linked to you across different employers. This information is crucial for a smooth job transition and uninterrupted access to your retirement funds. If you have been assigned multiple UANs, you should consolidate all your previous employment details into your current UAN using the 'One Member One EPF Account' feature on the EPFO portal. If you have multiple UANs, transfer the balance and service details from your old UAN(s) to your current UAN by submitting Form-13 online. If your personal details (such as name, date of birth, or gender) are incorrect or do not match your Aadhaar details in the old UAN, you must get them updated by your previous employer. Once corrected, link your UAN to your Aadhaar. If the details are correct, you can directly link your UAN with Aadhaar via the eKYC portal. EPFO has also set a deadline for employers to activate Aadhaar-based UANs for their employees by November 30. This activation is necessary to access services like PF, pension, insurance, and employment linked incentives. Visit the EPFO Member Portal. Click on the 'Activate UAN' link under Important Links. Enter your UAN, Aadhaar number, name, date of birth, and Aadhaar-linked mobile number. Ensure your mobile number is linked to Aadhaar to access EPFO's digital services. Agree to the Aadhaar OTP verification and click on 'Get Authorisation PIN' to receive an OTP on your Aadhaar-linked mobile number. Enter the OTP to complete the activation process. After successful activation, a password will be sent to your registered mobile number. By correctly consolidating your EPF details, you ensure seamless access to your retirement funds without any issues.
Inflows into corporate bond funds have risen to multi-year highs in recent months with the risk-reward dynamics of AAA-rated corporate bonds improving significantly vis-a-vis government securities (g-secs), especially in the near term. The inflows into corporate bond funds jumped sharply in September 2024 to a multi-year high of Rs 5,039 crore. Investors poured in another Rs 4,644 crore in October. Including around Rs 2,200 crore estimated inflows in November, the three month tally rises to Rs 1 ...Read More >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June ...Read More >
New Delhi: State-owned Central Bank of India on Thursday said it acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June 4), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing. At present, Central Bank of India has 25.28 per cent stake in FGILICL, which had earned a gross written premium of Rs 1,810.53 crore in FY24. The CCI has also approved a 25.18 per cent equity s ...Read More >
New Delhi: Aadhaar is one of the most crucial documents for verifying identity and address in India. It's widely used for accessing various government services, and the photograph on the Aadhaar card also plays a key role in identity verification. However, many people face issues with unclear or outdated photos printed on their Aadhaar. If you're not happy with the photo on your Aadhaar card, there's no need to worry as updating it is now simple and affordable. To make things easier for citizens, UIDAI has streamlined the photo update process. However, it's important to note that you cannot ...Read More >
Mangaluru: As part of the nationwide 'justice at your doorstep' initiative, the National Lok Adalat will be held across Dakshina Kannada district on July 12, with the aim of resolving civil and criminal disputes quickly and amicably. Adalats will be held in 37 benches across the district.Principal district and sessions judge and chairman of the District Legal Services Authority (DLSA), Basavaraj, said the public should make use of the opportunity to settle disputes through mutual consent and thereby avoid prolonged litigation. He told reporters here on Friday that at a Lok Adalat held on March ...Read More >
EPFO has now set a final deadline of January 31, 2025, for employers. The Employees' Provident Fund Organisation (EPFO) has granted a final extension for employers to process and upload pending applications for the Validation of Options/Joint Options related to pensions on higher wages. According to the Ministry of Ministry of Labour & Employment, this extension follows multiple requests from employers and their associations for more time to complete the required submissions. The online facili ...Read More >
Odisha CHSE 12th Results 2025: The Council of Higher Secondary Education (CHSE), Odisha, is expected to announce the Class 12 Results 2025 soon. As per media reports, the results are likely to be declared later this week. Once published, students can view their scores online by visiting the official websites: chseodisha.nic.in and orissaresults.nic.in. To view the CHSE Odisha Class 12 Result 2025 online, students must enter their roll number and registration number. The board has finished the evaluation process and is preparing to release the results on its official website. Step 1: Go to th ...Read More >
HYDERABAD: BRS working president KT Rama Rao has formally accepted Chief Minister A Revanth Reddy's challenge to a public debate on what the governments of the pink party and the Congress did for the welfare of farmers in Telangana. Addressing a press conference at the BRS party office on Saturday, the former IT minister accepted the challenge, saying that he is ready for the debate 'anywhere, anytime' be it the Assembly, Ambedkar statue, Kondareddypalle, Chintamadaka or Kodangal, and asked Revanth to fix the date, time, and place for the same. "If none of these suits you, I'll be at the Som ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
New Delhi, July 17: In a major move that could bring relief to over 7 crore Employees' Provident Fund Organisation (EPFO) members, the Centre is reportedly considering a proposal to allow full or partial withdrawal of EPF savings after 10 years of service. According to a Moneycontrol report, the retirement fund body has floated this idea to address the needs of those who wish to exit the formal workforce earlier than the official retirement age of 58. Currently, EPF members can withdraw their full balance only upon retirement or after remaining unemployed for over two months. However, many in ...Read More >
After December 14, updates will incur a fee of Rs 50 per request at Aadhaar centers. The Unique Identification Authority of India (UIDAI) has extended the deadline for free Aadhaar updates to December 14. This initiative allows individuals to update their Aadhaar details, such as name, address, or date of birth, online and at no cost. The process is simple and can be completed from the comfort of your home. UIDAI recommends updating Aadhaar details if it has been over 10 years since the last update. Keeping Aadhaar information updated ensures that your records are current, facilitates seamle ...Read More >
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June series of derivatives, decisively breaching the 24,500-25,200 range that it had been stuck in since mid ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector. Speaking to ANI about the scheme, fo ...Read More >
SHILLONG, July 2: The Employees' Provident Fund Organisation Regional Office (EPFO RO), Shillong, conducted an engagement session with local employers on Wednesday, to disseminate information about the newly approved Employment Linked Incentive (ELI) Scheme in a move to promote formal employment and enhance social security coverage in the region. As part of the broader communication and outreach efforts, the interaction was spearheaded by EPFO RO Shillong officials, who briefed representatives from a few prominent establishments. The interaction served as an informative platform where the pro ...Read More >
NewsVoir Bengaluru (Karnataka) [India], July 7: Upekkha, the India-US accelerator that has backed over 100 SaaS and AI startups, has announced VIBE 2025 (Vertical Intelligence & BEyond), the world's first summit dedicated exclusively to vertical AI. Scheduled for 10-11 July 2025 at The Leela Palace, Bengaluru, and co-hosted with SaaSBoomi, this two-day flagship event will showcase how AI can move from concept to real-world deployment within just 48 hours. "Walk in with a problem statement, walk out with a working AI pilot in 48 hours." This bold promise underpins VIBE 2025's mission -- to co ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
New Delhi, Aug 1 (PTI) India Post Payments Bank has started nationwide rollout of Aadhaar-based face authentication facility for customer transactions that is expected to make digital banking more secure and convenient especially for the elderly and differently abled people, according to a statement on Friday. The face authentication feature, developed under the framework of UIDAI (Unique Identification Authority of India), will enable customers to perform banking transactions using facial recognition, eliminating the need for physical biometric inputs like fingerprints or OTPs. "At IPPB, we ...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 >
The High Court of Manipur has affirmed the right of transgender individuals to update their name and gender in educational certificates and other official documents. The ruling was delivered by Justice A. Guneshwar Sharma in the case of 'Dr. Beoncy Laishram versus The State of Manipur & Others'. Dr. Beoncy Laishram, a 32-year-old transgender woman and MBBS degree holder, approached the court seeking to update her name from 'Boboi Laishram' to 'Beoncy Laishram' and her gender from 'male' to 'fem ...Read More >
New Delhi: Farmers associated with the PM Kisan Samman Nidhi Yojana are now eagerly waiting for the 22nd instalment of ₹ 2,000. Everyone is wondering when the next instalment will be credited to the account. It is expected that the government will release the next instalment of the PM Kisan Samman Nidhi Yojana in the last week of June, which is being discussed rapidly. It is believed that approximately 10 crore farmers will benefit from this. If your name is listed in this scheme, then first complete some vital work, where there will be no problem. If you do not complete the necessary work, t ...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 >
New Delhi, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. She further said that claimants, beneficiaries or insured individuals will be able to access their claims through an ATM. According to the media report, the withdrawal will be capped at 50 per cent of the Employees' Provident Fund ( ...Read More >
New Delhi, Dec 18 (VOICE) The Employees' Provident Fund Organisation (EPFO) on Wednesday gave a final opportunity till January 31, 2025 to employers to upload wage details regarding over 3.1 lakh pending applications for Pension on Higher Wages.Employers have also been requested to submit replies or update the information in 4.66 lakh cases by January 15, 2025 where clarification has been sought by the EPFO. The EPFO said that the final opportunity is being given as, in spite of so many extensions, it has been observed that more than 3.1 lakh Applications for Validation of Options/Joint Optio ...Read More >
Lucknow, June 27 (UNI): Aiming to take financial inclusion to the grassroots, the Uttar Pradesh government is set to launch a special saturation campaign across all gram panchayats in the state. Scheduled to run from July 1 to September 30, the initiative aims to ensure last-mile delivery of key financial services to eligible citizens. Launched under the directives of the Centre's Department of Financial Services, Ministry of Finance, , the campaign will focus on extending the benefits of flagship Central schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti ...Read More >
New Delhi: Aadhar cardholders are also facing the threat of cyber fraud, for which protection is needed. Many such cases have come to light when someone else has taken a loan on your Aadhar card, without even getting a clue. People are taking out fake loans by misusing Aadhaar cards, which directly cheats them. If this happened to you too, then you need to be careful in future. Has anyone taken a loan on your Aadhar card in a fake way? Sometimes you only find out after receiving a notice from the bank. Therefore, you can easily obtain the loan information on your Aadhaar card. Aadhaar cardhol ...Read More >
Bhubaneswar: With the indefinite 'Quit Steering Wheel' protest by commercial drivers entering its third day, Odisha faces an escalating fuel crisis, prompting police to intervene. Fuel tankers in several parts of the state are now being escorted by police to ensure uninterrupted supply of petrol and diesel. Visuals from Soro in Balasore district showed police accompanying tankers along National Highway-16 near Chaparpada after incidents where agitators allegedly tried to block tankers and persuade drivers to join the strike. In some cases, protesters reportedly resorted to heated arguments, e ...Read More >
New Delhi: Retirement fund body Employees' Provident Fund Organisation (EPFO) has issued its latest circular easing the process of Aadhaar seeding, UAN correction, claim settlement among other provisions. In its circular released on 13 August 2025 EPFO said that in all cases where the Name, Gender and Date of Birth as available in the UAN matches exactly with those in Aadhaar, then the member can approach his/her Employer, who can seed Aadhaar with the UAN of the Member through KҮС functionality available in the Employer Portal. No separate approval as such is required from EPFO. In order to ...Read More >
New Delhi [India], June 5 (ANI): Aspiring candidates for government jobs can now apply for Staff Selection Commission (SSC) recruitment exams using an enhanced mobile application developed by the Commission. In partnership with Cubastion Consulting Pvt. Ltd., SSC has launched a significantly upgraded version of its official app -- My SSC -- to streamline and secure the application and registration process for candidates nationwide. The new version, available since 2 June 2025, incorporates advanced features such as Aadhaar-linked OTP authentication, one-time registration, and face recognition ...Read More >