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.
Dibrugarh: In a landmark celebration of India's rich legacy of tea, the Indian Tea Association (ITA) has participated in the Summer Fancy Food Show, 2025, at the Javits Centre, New York, marking the bicentennial anniversary of Assam tea -- an industry that has fundamentally shaped the global tea culture and remains a cornerstone of India's agricultural heritage.The three-day event started from June 29 and concluded on July 1.ITA's special participation commemorated two centuries of Assam tea, since its discovery in 1823, when Major Robert Bruce, guided by the indigenous knowledge of Maniram Dewan, first discovered wild tea plants growing in the upper Brahmaputra valley.Today, Assam annually produces 650-700 million kgs of tea, representing more than 50% of India's total tea production, employing over 700,000 workers across various categories.The centrepiece of the commemoration was a specially curated tea lounge, designed to give global buyers, importers and tea connoisseurs the finest experience of Assam tea. The lounge featured prominent exhibitors, including Goodricke Group Ltd, Hindustan Unilever Limited, Tata Consumer Products, Luxmi Tea Co. Pvt Ltd, MK Shah Exports Ltd and Rossell Tea.Visitors at the show not only experienced the sensory appeal of premium teas, but also learned about the industry's commitment to sustainability, innovation and community development. A significant highlight was the B2B networking session held on June 30 at the Consulate General of India, New York.The participating companies showcased a comprehensive range of orthodox and CTC teas sourced from their Assam estates. In 2024, India approximately exported 17 million kg of tea to the US, accounting for around 6.5% of India's total export volume and nearly 14% of US's total tea imports.
Guwahati (Assam) [India], July 1 (ANI): Assam has set a new record in paddy procurement by procuring nearly 7 lakh MT of paddy during the Kharif Marketing Season (KMS) 2024-25. Assam Chief Minister Himanta Biswa Sarma on Tuesday said, 'We are proud to announce the successful conclusion of Kharif Marketing Season (KMS) 2024-25 with a record paddy procurement of 6.97 lakh MT -- the highest ever.' In Kharif Marketing Season (KMS) 2022-23, the state procured 5.92 lakh MT of paddy, and in 2023-24, the state procured 3.14 lakh MT of paddy. 'This remarkable achievement reflects our commitment to e ...Read More >
Mumbai, July 6 (SocialNews.XYZ) Actor Randeep Hooda penned a special birthday wish for the 14th Dalai Lama on Sunday as he celebrated his 90th birthday. Posting a picture of the Dalai Lama on the stories section of his Instagram handle, Hooda penned a heartfelt note that read, "Happy 90th Birthday, His Holiness the Dalai Lama. Celebrating 90 years of your unwavering voice for peace, compassion and care for our planet." "Your message of harmony between humanity and nature continues to inspire a more mindful, peaceful world," he added. Veteran actress, Bina Kak also wrote on the photo-sharing ...Read More >
Itanagar, July 12 (SocialNews.XYZ) Arunachal Pradesh Chief Minister Pema Khandu expressed gratitude to the people of Riga village in Siang district for accepting the government plan to sign the Memorandum of Understanding (MoU) for the Pre-Feasibility Report (PFR) of the proposed Siang Upper Multipurpose Project (SUMP), hydropower project with an estimated generation capacity of 11,000 MW. An official of the Chief Minister's Office (CMO) said on Saturday that people of Riga village of Siang district signed a Memorandum of Understanding (MoU) with the state government in a meeting held on Frid ...Read More >
Hyderabad, Dec 17 (UNI) Coromandel International Limited, India's leading agri-solutions provider, and Mahindra & Mahindra Limited Farm Equipment Sector (FES) business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive, to Indian farmers. Currently, it is operational in seven key states Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh. Gromor Drive's operations are supported by RPTO-tra ...Read More >
Guwahati, Jun 5 (PTI) Assam Chief Minister Himanta Biswa Sarma on Thursday said that the caste census will greatly benefit the indigenous Muslim community living in both the Brahmaputra and Barak Valley in the state. The Centre on Wednesday announced that India's 16th Census with caste enumeration will be carried out in 2027. The indigenous Muslim communities of Assam have been demanding for a long time, a caste-based census to assert their distinct socio-cultural identities, the chief minister said on the sidelines of the World Environment Day programme here. ''The proposed caste enumerati ...Read More >
Mumbai, June 29 (SocialNews.XYZ) Opposition parties in Maharashtra on Sunday decided to boycott the customary high tea event of the Fadnavis government on the eve of the Legislature's Monsoon Session, citing corruption, misuse of funds and the deterioration of the economic, social, administrative and moral situation. The opposition leaders alleged that not appointing the Leader of Opposition (LoP) in the state Assembly was a murder of the Constitution, and efforts are underway to curb democracy. The opposition parties claimed that amid rising corruption, unemployment, crime against women, fa ...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 >
Minister Jitendra Singh emphasized the importance of public understanding and participation in India's biotechnology mission, highlighting the goal of achieving a $300 billion bioeconomy by 2030. He noted the significant growth of India's biotechnology ecosystem, driven by supportive policies and partnerships.Science and Technology Minister Jitendra Singh Monday called for a wider public understanding and inclusive participation in India's biotechnology mission, stating that every Indian is a sta ...Read More >
New Delhi, Dec 18 (PTI) The Rashtrapati Nilayam, one of the two presidential retreats, in Telangana's Secunderabad will host a 15-day flower and horticulture festival, 'Udyan Utsav', from December 29. People could make themselves aware about the innovation and technological development in agriculture and horticulture by visiting thematic stalls and participating in the workshops, according to an official statement issued on Wednesday. The Udyan Utsav, organised in collaboration with the Department of Agriculture and Farmers Welfare, the National Institute of Agricultural Extension Management ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Majuli (Assam) [India], June 28 (ANI): Majuli, the river island district in Assam, has marked a significant milestone as its indigenous organic red bao paddy makes its debut in the global market. In a historic development, the first consignment of this unique variety of rice has been formally exported to countries in Central Asia and Europe, bringing smiles to the faces of Majuli's farming community. Also Read | Long-Awaited Relief for Retired Government Employees? 8th Pay Commission May Reduce Commuted Pension Restoration Period from 15 to 12 Years. The export initiative has been spearhead ...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 >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah on Friday described agriculture as the backbone of the Union Territory's economy and identity. He also called on the region's youth, especially budding scientists and agri-graduates, to drive a new era of innovation and sustainability. Speaking at the 6th Convocation of the Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K) in Srinagar, Omar highlighted that over 70 per cent of Jammu and Kashmir's population is directly or indirectly linked to the agriculture sector. "J&K's future rests in the hands of its you ...Read More >
Mumbai, Dec 17 (PTI) Agri-solutions provider Coromandel International and Mahindra and Mahindra's farm equipment sector business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive. Currently operational in seven key states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh, Gromor Drive's operations are supported by RPTO-trained pilots, according to a joint statement. Coromandel's drone services are positioned in the market through the support of its subsidiary, Dhaksha Unmanned Sy ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their raw material costs but also lower PFAD prices (Palm Fatty Acid Distillate), a byproduct used by soap ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Jammu : The Indian Institute of Management (IIM) Jammu stands at a luminous crossroads in its journey -- one defined by ambition, perseverance, and a resounding affirmation of its rising stature. In what can only be described as a golden chapter in the Institute's evolution, IIM Jammu has accomplished a feat few in the nation can claim: the rare distinction of securing not one, but two of the most coveted international accreditations -- BGA and EFMD Accreditation for MBA program -- within a single remarkable year. These accolades speak volumes of the Institute's steadfast commitment to academ ...Read More >
New Delhi [India], July 5: A story that goes back to the very fertile heartland of Traori, Karnal in Haryana, the place where you find paddy fields that extend as far as your eyes can see. True to originality, high quality, and the fine flavour of tradition, Double Chabi, Founded by Late. Shri Kashmiri Lal, now led by his son Brij Bhushan Goel with a vision of Global expansion, Double Chabi is a brand that signifies quality to the people. Once a modest venture in the heartland of the rice bowl in India, today, this venture has turned into an internationally established rice brand, serving mill ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
Agartala, June 29 (SocialNews.XYZ) In a bid to boost the farmers' income, in all 22 foreign improved varieties and 13 indigenous improved varieties of mango are being experimentally cultivated at the Horticulture and Research Centre, at Nagichara in West Tripura, Agriculture and Farmers' Welfare Minister Ratan Lal Nath said on Sunday. Addressing the Monsoon Mango Fiesta-2025 at Narikel Kunj in Gandatwisa under tribal inhabited Dhalai district, the minister said that since the BJP government came to power in 2018, around 706 hectares of new area have been brought under mango cultivation throug ...Read More >
GUWAHATI, June 30: Assam chief secretary Ravi Kota on Sunday inaugurated the India Pavilion at the Summer Fancy Food Show 2025 in New York, an event which marked the momentous occasion celebrating 200 years of Assam Tea. Speaking at the inauguration ceremony, Kota said, "For Assam, this Pavilion at the Summer Fancy Food Show 2025 at the Jacob K. Javits Center, serves as both a celebratory and strategic platform. And Assam Tea stands as a bridge between tradition and innovation. I say innovation because India is buzzing with youngsters brimming with energy and ideas, and so is Assam." "Four s ...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) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...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 >
Agartala: Tripura Finance Minister Pranajit Singha Roy has urged the 16th Finance Commission to consider a 20% allocation for forestry and ecology, stressing their critical role in maintaining the state's environmental balance and economic sustainability. He was addressing a high-level meeting in New Delhi focused on the developmental challenges of the Northeastern states. Ready for a challenge? Click here to take our quiz and show off your knowledge! Representing Tripura, Singha Roy called for robust financial backing to bridge infrastructure and development gaps, particularly in the Tripu ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...Read More >
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New Delhi: At the 19th CII-ITC Sustainability Awards held at Bharat Mandapam in New Delhi, Vice-President Jagdeep Dhankhar called on industries to drive inclusive growth. He urged businesses to actively support MSMEs and ensure greater representation of women and marginalized communities in leadership roles. While acknowledging efforts toward affirmative action, he pointed out that subtle and often unspoken forms of gender discrimination still exist and need urgent attention. Encouraging industr ...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 (Assam) [India], July 7 (ANI): Assam Legislative Assembly Deputy Speaker and senior BJP leader Numal Momin has launched a sharp attack on the Congress, alleging that 'terrorism and atrocities' against the tribal people was prevalent in Bodoland Territorial Region (BTR), Dima Hasao and Karbi Anglong during their reign. He said that the Congress party had used the tribal people, minority community and Adivasi tea tribe people as their vote banks for years after years, but did nothing for the welfare and development of these people. Continuing his attacks, Momin said that the Congress ...Read More >