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: The commerce ministry's arm DGTR has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, the UAE following a complaint by Chemicals and Petrochemicals Association of India. The applicant has alleged that the industry is impacted due to the dumped imports of Linear-Density Polyethylene (LLDPE). It is primarily used in raw materials for the plastic processing industry to make a variety of products such as packaging films, profiles, wire and cable. According to the DGTR's notification, the applicant has provided evidence with respect to the injury suffered by the domestic industry due to the dumped imports. "The authority hereby initiates an anti-dumping investigation to determine the existence, degree and effect of the dumping," it said. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy on imports. The finance ministry takes the final decision to impose duties.
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
Jaipur: Rajasthan's exports in the first quarter of the financial year 2025-26 (April-June) registered a 14.37% increase at Rs 25,212 crore compared to the same period last year. However, industry representatives said the high US tariffs that came into force later could limit the performance of the sector.This follows a 16% growth in FY 2024-25, when the state's exports surged to Rs 97,171.68 crore, up from Rs 83,704.24 crore in 2023-24, according to revised figures released by the central govt. Before revision, data for Rajasthan's exports in 2024-25 showed a decline of almost 30% to over Rs ...Read More >
India's trade body has started a probe. It is investigating Chinese aluminium foil imports. The Directorate General of Trade Remedies will check for government subsidies. This investigation covers a period from April 2024 to March 2025. Domestic companies claim injury from these subsidised imports. This is not the first such trade action against Chinese foil. The Directorate General of Trade Remedies (DGTR) has initiated a countervailing duty (CVD) investigation into Chinese aluminium foil (80 Microns and below) imports. The probe follows a joint application by Raviraj Foils, LSKB Aluminium F ...Read More >
CHENNAI: A week after reporting poor manufacturing and laboratory practices in Sresan Pharmaceuticals, the company that manufactured the lethal cough syrup that killed more than 20 children in Madhya Pradesh, the state health department suspended two former senior drug inspectors on charges of negligence for failing to inspect the unit, Health Minister Ma Subramanian said here on Thursday.Senior drug inspectors, Deepa Joseph and K Karthikeyan, who served in the Kancheepuram zone, were placed under suspension. "They did not inspect the manufacturing unit and initiate necessary steps to stop pro ...Read More >
NEW DELHI: On the occasion of World Environment Day, the Chairperson of the National Green Tribunal, Justice Prakash Shrivastava, said that the plastic, in its myriad forms, has become an indispensable part of our lives, yet its convenience masks a devastating reality and from the single-use plastic bags that clog our drains and pollute our water bodies to the microplastics that infiltrate our food chain and even our own bodies, the hazards are undeniable. Citing the 2025 World Environment Day theme, "End Plastic Pollution," the NGT chief underscored the urgent need to acknowledge the inextri ...Read More >
New Delhi: July 3 is International Plastic Bag Free Day. However, across Delhi, single-use plastic (SUP) bags, including those prohibited since 2018, are being used by shopkeepers and customers. Disposable cutlery and drinking straws made of plastic have also resurfaced in the marketplace.Despite restrictions imposed three years ago in July on single-use plastic, plastic items, particularly low-quality polythene bags below 50-micron thickness banned in 2018, continue to be extensively used without consequences. While several initiatives were undertaken to encourage the use of alternative mater ...Read More >
New Delhi, March 30: All refineries are operating at high capacity with adequate crude inventories, and sufficient stocks of petrol and diesel are being maintained while domestic LPG production from refineries has been increased to support local consumption, the Ministry of Petroleum and Natural Gas said on Monday. Although LPG supply continues to be affected due to the prevailing geopolitical situation, no dry-outs have been reported at LPG distributorships. Most LPG distributorships also operated on Sunday to ensure uninterrupted delivery to households, a ministry statement said. All petrol ...Read More >
Surat, March 31 (SocialNews.XYZ) Five members of a family, including four women and a four-year-old child, died after a fire broke out in a residential building in the Limbayat area of Surat on Tuesday morning, officials said. The incident was reported at around 11 a.m. in the Mithi Khadi locality, where a ground-plus-two-storey house caught fire. According to initial information, the blaze is believed to have started on the ground floor while cooking was underway, possibly due to a gas leak, and spread rapidly through the premises. Fire brigade teams reached the spot shortly after being al ...Read More >
BENGALURU: AICC General Secretary Randeep Singh Surjewala here on Tuesday lashed out at the Centre as it increased prices of 900 essential medicines, including those for diabetes, hypertension and infectious diseases that will come into effect from April 1. The Modi government and National Pharmaceutical Pricing Authority (NPPA) are increasing the prices of 31 medicines including that for diabetes and prophylactic Merofen 500 mg used in ICUs. It has imposed a 12% GST despite demand for GST exemption on essential medicines, he said. The prices of plastic goods have increased 50% since March 2 ...Read More >
New Delhi, April 1 (SocialNews.XYZ) Association of PET Recyclers (APR) Bharat on Wednesday said that the government guidelines mandating brands and producers to use 40 per cent recycled content in food‑grade PET packaging effective April 1 will boost India's circular economy, a report said on Wednesday. The move marks a significant milestone in the country's commitment to sustainable resource management amidst global supply disruptions and geopolitical uncertainties impacting the availability and pricing of virgin PET, APR Director General Goutham Jain said. This had made India's dependence ...Read More >
Gurgaon: A fire destroyed an electronic scrap warehouse in Rathiwas village, Manesar. Fire officials received a call at 7.25pm, and 14 fire tenders were deployed.The fire could not be contained even after 20 hours as electronic items, including refrigerators, ACs, and compressors, began to explode."It was a scrap warehouse of old vehicles, refrigerators, ACs, and electronic goods in Rathiwas. Thousands of vehicle compressors, oil extracted from vehicles, diesel, petrol, rubber, fibre, plastic, and other flammable materials were kept here, due to which the fire spread rapidly," an officer added ...Read More >
NEW DELHI: The Delhi Police have busted a fake antacid manufacturing unit in north Delhi's Ibrahimpur, and seized a massive cache of counterfeit products designed to mimic a popular over-the-counter brand. Two accused -- Sandeep Jain (45) and Jitender alias Chotu (23) -- both residents of Ibrahimpur, have been arrested in connection with the illegal operation, officials said on Sunday. According to the Crime Branch, the unit was discovered during a raid following a complaint from the authorised manufacturer of the antacid brand. The accused had rented a local premise and set up a complete pr ...Read More >
RIYADH: Indian companies and business groups are stepping up efforts to tap into Saudi Arabia's growing petrochemical sector, with a focus on refining complexes, technology partnerships, and joint ventures, according to an official at the Indian Embassy in Riyadh. The move underscores the expanding economic cooperation between the two nations, with chemicals and petrochemicals forming a key pillar of bilateral trade. The partnership was further reinforced during a recent high-level meeting aimed at boosting investment and technological exchange, Al-Eqtisadiah reported. Saudi Arabia's emergen ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Hyderabad (Telangana) [India], March 12 (ANI): Police in the Mailardevpally area on Thursday have arrested two persons, identified as Mohammed Ziyauddin and Mohammed Mazhar Ali, for allegedly manufacturing and selling adulterated ginger paste from houses in Subhan Colony, Alli Nagar. The arrests followed a police raid on March 11, after authorities received reliable information about the use of harmful ingredients in violation of food safety regulations. The individuals were operating under the names "SEVEN COOKS" and "Arjun Enterprises". According to Police official, " On March 11, we recei ...Read More >
New Delhi, Jun 5 (PTI) National Green Tribunal Chairperson Justice Prakash Shrivastava on Thursday outlined an urgent need to curb plastic pollution as it negatively impacted marine life, suffocated terrestrial ecosystems, leached harmful chemicals into soil and water. In addition, it contributed significantly to air pollution when burnt, he said. The statement came on the occasion of World Environment Day and was uploaded on the NGTs website. Shrivastava said that plastic had become an indispensable part of our lives, yet its convenience masked a devastating reality. "This nonbiodegradabl ...Read More >
New Delhi, Jun 30 (PTI) India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspe ...Read More >
According to the latest forecast from the IMF, India's economy is set to grow by 6.6% in FY26, a testament to its solid economic backbone and adaptability. The surge in consumer spending and significant infrastructure projects are propelling this growth. The International Monetary Fund (IMF)'s recent upward revision of India's FY26 economic growth forecast to 6.6% from 6.4% earlier reflects the country's economic resilience and strong fundamentals, Commerce and Industry Minister Piyush Goyal sai ...Read More >
Mysuru: Additional deputy commissioner P Shivaraju urged devotees to celebrate Ganesh Chaturthi in an eco-friendly and harmonious way.Presiding over a meeting on the Ganesha festival held at the deputy commissioner's office, he highlighted the importance of using eco-friendly clay Ganesh idols to avoid environmental harm. He warned that idols made of plaster of paris (PoP) and painted with colours release toxic chemicals into waterbodies like lakes, wells, and streams when immersed, which is harm ...Read More >
MORBI (India), April 1 -- Blazing-hot kilns in India's US$6.5 billion (RM26.2 billion) ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy crunch caused by the Middle East war. At a cavernous facility in Morbi, in India's western Gujarat state, a 200-metre-long propane-powered kiln that normally fires clay nonstop is silent. It is one of hundreds of plants supplying homeware tiles across the world that have been forced to suspend operations. Thick layers of dust smother giant grinding and pressing machines, while only a tiny crew of wor ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...Read More >
New Delhi, Jun 26 (PTI) Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts, an official said on Thursday. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. "The Indian team is in Washington for two-day trade talks," the official said. Agrawal is special secretary in the department of commerce. The high tariffs, announced by the US on April 2, ...Read More >
Mumbai, July 15 (SocialNews.XYZ) Kolkata-based Himadri Speciality Chemical Limited on Tuesday reported a year-on-year (YoY) revenue decline of 6.84 per cent, with total revenue falling to Rs 1,118.29 crore in Q1 FY26 from Rs 1,200.41 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis too, revenue slipped by around 1.44 per cent, compared to Rs 1,134.64 crore in Q4 FY25, according to its stock exchange filing. Additionally, Anurag Choudhary-led company's total income followed suit and declined by approximately 5.61 per cent YoY to Rs 1,144.97 crore, compared to Rs 1,213.05 crore in a year- ...Read More >
New Delhi [India], July 16 (ANI): India's goods trade deficit is projected to widen to USD 300 billion in FY26, up from USD 287 billion in FY25, as weak global demand weighs on exports while resilient domestic consumption is expected to fuel higher imports, as anticipated by ICICI Bank Global Markets in its latest report. The report attributes the sluggish growth in merchandise exports largely to tepid demand from non-US markets. While shipments to the US have held up due to the front-loading of trade, exports to other key geographies have failed to gain momentum. Also Read | China Shocker: ...Read More >
New Delhi [India], July 20 (ANI): India's tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese producers diverting inventories because of US tariffs could pose challenges. Also Read | From Shane McMa ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products as global supply chains have been disrupted due to the ongoing US-Israel and Iran war. The finance m ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry said in light of the ongoing conflict in West Asia and the consequent disruptions in global supply ...Read More >
New Delhi: The Centre on Monday discussed imposing a safeguard duty on steel to protect against cheap imports, steel overcapacity in China and the impact on India if the incoming Trump administration places curbs on steel imports or levies tariffs on the alloy, as well as the issue of stuck steel consignments at ports. The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel ministry proposed a 25% safeguard duty on certain steel imports to check the influx of steel without paym ...Read More >
New Delhi [India], July 3 (ANI): NITI Aayog on Thursday released its report "Chemical Industry: Powering India's Participation in Global Value Chains". The report offers an extensive analysis of India's chemical sector, highlighting both opportunities and challenges, and outlining a pathway for positioning India as a key player in global chemical markets. The global chemical industry is undergoing a major transformation, driven by shifting supply chains, demand for specialty and green chemicals, and heightened focus on innovation and sustainability. Also Read | Apple iPhone 17 Series Launch ...Read More >
Bengaluru: Two Nigerians were arrested and 2.8kg of MDMA crystals, 200 grams of hydro ganja, mobile phones and weighing machines were seized, worth Rs 4.5 crore. Police said the two would dress as guards and claim to be working as security staff at Kempegowda International Airport (KIA). The duo would pack the drugs in readymade clothes and sell them to sub-peddlers and consumers, mostly software engineers and college students.The accused are Alasonye Peter Obioma, 35, and Sunday Windom, alias John Victor Ambomo, 28. Inspector Dileep Kumar KH received a tip-off Sunday about the two staying in ...Read More >