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: SBI Credit Card users, take note! The State Bank of India (SBI) is rolling out significant changes to its credit card rules starting July 15, 2025. These updates will affect how minimum payments are calculated and how payments are adjusted. Additionally, some key complimentary benefits, including insurance, will be withdrawn from select cards. Until now, many credit card users avoided late fees by paying only the minimum amount due. However, SBI is set to change how this amount is calculated. Starting July 15, the minimum payment due will include GST, EMIs, fees, other charges, and 2% of the remaining outstanding amount. Also Read: Poor Heart Health May Signal Gestational Diabetes Risk in Pregnancy: Study This means cardholders will have to pay a higher minimum amount each month. Failing to do so could lead to accumulating interest and increased outstanding balances, making credit card usage costlier. The way SBI adjusts payments is also changing. Beginning July 15, any amount paid towards the credit card bill will be adjusted in the following order: This means that interest and charges will be paid first before any principal amounts like shopping expenses or cash advances. As a result, users making partial payments may continue to incur heavy interest charges. SBI has advised all cardholders to carefully read the terms and conditions while applying for or using a credit card. Stay updated on any notifications from the bank to avoid surprises like increased interest or withdrawn benefits. Ignoring such changes may lead to unplanned financial burden, especially in the form of higher EMIs, charges, or lost insurance cover.
Oppo recently announced its latest flagship smartphones, the Find X8 and Find X8 Pro, in India. Starting today, both handsets are available for purchase via online and offline platforms. In addition to this, Oppo is also offering additional bank discounts, easy no-cost EMI options and other benefits on the purchase. Oppo Find X8 and Find X8 Pro: Price and availability Oppo Find X8 is available in two variants. The 12GB + 256GB variant costs Rs 69,999, and the 16GB + 512GB variant costs Rs 79,999. The Oppo Find X8 Pro, on the other hand, is available in a single 16GB + 512GB variant and it ...Read More >
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 >
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
Mumbai: Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to check the malpractice. "It's not necessary that every mis-selling is mis-selling, it's also about the customers' understanding of the product," said Swaminathan S Iyer, member (life), Insurance Regulatory and Development Authority of India on the sidelines of an event on Wednesday. "Once you drive home that your understanding is different from what the product is...then I think the absolute number on mis-selli ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47-Year-Old Man Dies by Suicide After Failing to Arrange Funds for Son's Engineering College Admission. ...Read More >
Mumbai: The State Bank of India (SBI), the country's largest public sector bank, has announced a revision in its Immediate Payment Service (IMPS) transaction charges for online fund transfers. Starting August 15, customers transferring more than Rs 25,000 through online platforms such as internet banking or mobile banking will be subject to nominal fees. This marks a significant shift in the bank's digital transaction policy, although IMPS transactions made through branches will remain unaffected by these changes. According to details posted on the official SBI website, online IMPS transactio ...Read More >
NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer. The twin measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month. On August 19, TOI was the first to report about the proposed increase in the FDI ceiling, a suggestion which ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
New Delhi: Financially weak people are not able to get treatment in a good hospital. Due to a lack of money, the patient may even die. Amidst the increasing expenditure on healthcare, the government also provides various health facilities, which people also benefit from. Now, a special scheme has been launched for low-income people. The scheme aims to benefit the economically weak people. SBI General Insurance, one of the big banks of the country, has launched a great scheme in association with Starfin India. It has been launched in the name of the Hospital Daily Cash Scheme. This scheme will ...Read More >
New Delhi, Jul 17 (PTI) Jio Financial Services Ltd (JFSL) on Thursday reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025. The company had earned a net profit of Rs 313 crore in the same quarter a year ago. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year, JFSL said in a regulatory filing. During the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year ago. Total expenses increased significantly to Rs 261 crore from Rs 79 c ...Read More >
Mumbai: State Bank of India's (SBI) record ₹25,000-crore institutional share sale was bid more than four times the stock on offer, with marquee names such as the $11-trillion asset manager BlackRock Group and London hedge fund Marshall Wace joining the queue to buy into the mass lender's first such capital-raising in eight years, people familiar with the bids told ET. Against ₹25,000 crore of stock SBI offered in India's biggest qualified institutional placement (QIP) to date, the most-valued government asset drew bids worth ₹1.10 lakh crore from about 120 interested parties. Market sources s ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...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 >
New Delhi: When you apply for a credit card, you usually check things like the features, rewards, and which bank is giving you the card. But did you know that there's a situation where the bank really doesn't matter much? It sounds odd, but it's true -- this happens with RuPay credit cards! RuPay cards, made by NPCI, can be connected to UPI. Once you link your RuPay credit card to UPI, you can make payments through UPI just like you would from your bank. The main difference? Instead of the money coming straight out of your account, the payment is charged to your credit card. Then, at the end ...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 >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. The third dividend cheque of Rs 1,616 crore for FY 2024-25 was presented to Finance Minister Sitharama ...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 >
Mumbai: Following public outrage, ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in urban areas. Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank. "We had introduced new requirements for the minimum Monthly Average Balance (MAB) for new Savings Accounts opened from August 1, 2025. Following valuable feedback from our customers, we have ...Read More >
Jammu, Aug 14 (PTI) The Army has joined the relief and rescue operation at the cloudburst-hit Chisoti village in Jammu and Kashmir's Kishtwar district, in which 30 persons have died and more than 100 have been injured, officials said. "In the aftermath of a cloudburst at the Chisoti village in Kishtwar, troops of the White Knight swiftly mobilised for relief and rescue operations," a Jammu-based PRO said. The efforts are centred on safeguarding lives and aiding survivors, he said, adding that the search for the missing continues. The Army said that relief stores, medical teams and rescue ge ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique and dedicated legal framework specifically designed for Ladakh. The framework ensures maximum local re ...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 >
Mumbai: The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect. Sensex ended the session at 80,080.57, down 705 points or 0.87 per cent. The 30-share index started the session in negative territory at 80,754 against last session's closing of 80,786.54 amid selling across the sectors. The Index further extended the losing momentum to hit an intra-day low at 80,013.02 following the implementation of US tariffs on Indian goods. Nifty settled at 24,500.90, down 211.15 points or 0.8 ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
Pune (Maharashtra) [India], June 6: Bajaj Markets simplifies access to personal loans from multiple financial partners, and facilitates the funding for diverse needs, including travel, wedding expenditures, and medical emergencies. Users can easily compare vital loan specifics like interest rates, available loan amounts, and repayment tenures, and select those that align with their specific requirements and preferences. Also Read | Arietids Meteor Shower 2025 Peaks on June 7: Why Is It Known As the Most Active Daytime Meteor Shower? How To Watch the Shooting Stars and Other Important Details ...Read More >
NEW DELHI: India's new approach to treat any act of terror as an act of war has added a new dimension to the Navy's operational outlook after the conduct of Operation Sindoor against Pakistan, Admiral Dinesh K Tripathi said Friday."We must be prepared for this new normal," the Navy chief said at an investiture ceremony here. Over 35 Indian warships and submarines led by aircraft carrier INS Vikrant, with its MiG-29K fighters, were forward deployed in a dissuasive deterrent posture against Pakistan in the northern Arabian Sea last month."Our ships, submarines and aircraft were operationally rea ...Read More >
New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Also Read | Tamil Nadu: Temple Worker, Detained in Connection With Alleged Theft of Gold Jewellery, Dies in Police Custody; Tension Erupts in Sivaganga. Wherever required banks should invest funds to scale up operati ...Read More >
New Delhi: Beginning July 1, several key financial regulations will come into effect across India, impacting individual taxpayers, railway passengers, and customers of major banks including SBI, HDFC, and ICICI. These changes include mandatory Aadhaar linkage for specific services, an extension of the income tax return (ITR) deadline, and revised charges on credit card and banking services. ...Read More >