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.
Flipkart is launching "Flipkart Minutes," a 10-minute medicine delivery service in select metro cities, leveraging its last-mile delivery network and partnerships with licensed local pharmacies. Targeting a high-demand market, this service aims to differentiate with swift logistics, competitive pricing, and free delivery, with plans to expand to more major Indian cities.
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Adani Group Chairman Gautam Adani announced the construction of a new ropeway to Kedarnath Dham, aiming to simplify and enhance the safety of the pilgrimage for devotees. The portals of Kedarnath Dham are scheduled to close for winter on October 23, with Badrinath Dham's closure set for November 25. Adani Group Chairman Gautam Adani on Wednesday announced the construction of a new ropeway to Kedarnath Dham, aimed at making the pilgrimage easier and safer for devotees. He expressed pride in bein ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
New Delhi: The Indian auto industry has clocked its highest-ever wholesales for any October, with all major segments, passenger vehicles, two-wheelers, and three-wheelers registering record despatches. This sharp uptick was driven by festive demand during Navratri and Diwali, along with the impact of reduced Goods and Services Tax (GST) rates that kicked in late September. As per the latest data from the Society of Indian Automobile Manufacturers (SIAM), strong dealer push across urban and rural markets helped vehicle makers hit new highs in despatch volumes. Passenger vehicles (PVs) emerged ...Read More >
New Delhi, Feb 23 (SocialNews.XYZ) Around 70 per cent of jobs in India are hosted in non‑metro India, with Tier‑3 cities alone accounting for 40 per cent of employment and Tier‑2 hubs a further 29 per cent compared with 31 per cent in Tier‑1 cities, a report said on Monday. The staffing firm Quess Corp said in the report that The BFSI & Manufacturing sectors contribute to over 45 per cent of workforce from Tier 3 towns, while retail contributes 33 per cent. These opportunities are concentrated around fast‑growing centres such as Coimbatore, Indore, Surat, Vadodara, Noida, and Lucknow, where ...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 >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot project stage. During the Operations and Maintenance (O&M) Stage, DMRC proposes to undertake O&M of th ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...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 >
Indian Railways Finance Corp. Ltd. (IRFC) sanctioned a Rs 12,640 crore term loan to Chhattisgarh State Power Generation Co. on Friday for a thermal power project, according to a press release from the company. The loan is to finance a 2x660 MW Super Critical Thermal Power Project that will be set up in HTPS, Korba (West), Chhattisgarh. "The loan agreement was signed today at CSPGCL's headquarters in Raipur between Nav Goel, general manager, IRFC, and Sandeep Modi, executive director (finance) an ...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 >
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 >
Ixigo, India's leading online travel agency (OTA) for the next billion users, has officially launched Delhi Metro ticketing on its ixigo Trains app in collaboration with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC). This integration aims to enhance the commuter experience by allowing users to book QR-based metro tickets directly through the ixigo Trains app, simplifying travel across multiple modes of transport. By expanding its services to include Delhi Metro ticketing, ixigo continues its push to provide more accessible, seamless, and digital-firs ...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 >
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV ...Read More >
Bengaluru (Karnataka) [India], July 4 (ANI): Reaffirming its commitment to positioning Bengaluru as a global aerospace hub, BEML Limited inaugurated its newly built state-of-the-art warehousing facility, spread over 0.12 acres, at the Karnataka Industrial Areas Development Board (KIADB) Aerospace Special Economic Zone (SEZ), Bengaluru. The facility was inaugurated by Shri Shantanu Roy, Chairman and Managing Director, BEML, in the presence of Functional Directors, senior officials from BEML, and dignitaries from KIADB, an official release added. Also Read | Bihar Assembly Elections 2025: RJD ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot project stage. During the Operations and Maintenance (O&M) Stage, DMRC proposes to undertake O&M of th ...Read More >
Bengaluru, December 11: Flipkart-subsidiary Myntra was recently cheated by fraudsters who allegedly stole over one crores rupees this year during March and June. The scammers attacked the e-commerce company by exploiting some loopholes related to the Myntra policy and looted the money. The firm reported a loss of INR 1.1 crore in Bengaluru and INR 50 crore nationwide as the scammers abused the complaints and refund options. According to the reports, the crooks who ran the Myntra refund scam were traced back to Jaipur, Rajasthan. Most of them ordered expensive products online, such as branded ...Read More >
Adani Enterprises Ltd (AEL), the flagship firm of the Adani Group, announced on Monday that it has secured a Letter of Award (LoA) from the National Highways Logistics Management Ltd (NHLML) to develop the Sonprayag-Kedarnath ropeway in Uttarakhand. The project, worth Rs 4,081 crore, will be executed by AEL's Roads, Metro, Rail and Water (RMRW) division. Journey time to shrink drastically The 12.9 km ropeway aims to transform one of India's most difficult pilgrimages by cutting down the current 8-9 hour trek to just 36 minutes. Once operational, the ropeway will have the capacity to carry 1, ...Read More >
Adani Enterprises secures a project from National Highways Logistics Management. The project involves building a ropeway connecting Sonprayag and Kedarnath. Investment for the project is ₹4,081 crore. This 12.9 km ropeway aims to reduce travel time to Kedarnath significantly. The ropeway will operate under a Public-Private Partnership. Construction is expected to take six years. Adani Enterprises Ltd on Monday announced that the company received a Letter of Award from the National Highways Log ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
Ahmedabad (Gujarat) [India] September 15 (ANI): Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Monday said it has received a Letter of Award (LoA) from the National Highways Logistics Management Ltd (NHLML) to develop the ropeway project between Sonprayag and Kedarnath in Uttarakhand. It will invest Rs 4,081 crore in the project, to be executed by AEL's Roads, Metro, Rail and Water (RMRW) division. The 12.9 km ropeway is expected to transform one of India's most challenging pilgrimages by reducing the journey time from the current 8 to 9-hour trek to just 36 minutes, ...Read More >
The Network Planning Group evaluated five infrastructure projects on Friday, which included two highway projects, two railway projects and a Metro... The Network Planning Group evaluated five infrastructure projects on Friday, which included two highway projects, two railway projects and a Metro Rail Project, for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and a 'whole-of-government' approach. The ...Read More >
Mumbai Metropolitan Region is set for a major transformation. By 2047, it aims to be a global economic leader with a GDP of over a trillion dollars. Population is expected to reach nearly 4 crore. Significant infrastructure projects and job creation will drive this growth. The region will focus on sustainable development and improved liveability. The Mumbai metropolitan region is poised to emerge as one of the world's leading urban economies by 2047, with its gross domestic product (GDP) project ...Read More >
Kanpur (UP), Apr 3 (PTI) A widening probe into an illegal kidney transplant racket in Kanpur has uncovered a shocking nexus involving unqualified individuals, private hospitals and a suspected multi-state and possibly international network, police said on Friday. Police Commissioner Raghubir Lal said that four key accused, initially believed to be qualified doctors, were in fact untrained practitioners, including a technician, physiotherapist, pharmacy operator and a dentist. The accused -- Rohit Tiwari alias Rahul, Amit alias Anurag, Afzal and Vaibhav -- are currently absconding. Investigat ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access to school admissions, entrance exams and other benefits such as direct benefit transfer, it added.A ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chief Minister said, "This survey result is the irrefutable answer given by the BJP government itself to ...Read More >
NEW DELHI : Amazon is taking the fight to India's quick commerce startups. Starting this December, the e-commerce giant will roll out 15-minute delivery in Bengaluru, targeting top-selling items like groceries and daily essentials. The move marks Amazon's response to growing competition from ultra-fast delivery players, a segment reshaping consumer expectations in India. Read this | CCI enlists attorney general R Venkataramani to clear path for Amazon, Flipkart antitrust probes "On the speed side, our goal has been to make the largest selection of products available the next day, same day," ...Read More >
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock markets opened up the IPO window for companies. Over the past few days, Pine Labs, Wakefit and Curef ...Read More >
NEW DELHI: Adani Group will build a 12.9-km-long ropeway between Sonprayag and Kedarnath at a cost of Rs 4,081 crore that will cut the journey from current 8-9 hours to just 36 minutes. Adani Enterprises Monday said it has received the letter of award (LoA) for this project and it will develop the same in six years on PPP mode on a revenue share with National Highways Logistics Management Ltd (NHLML), with a capacity to carry 1,800 passengers per hour per direction.The project will be executed by Adani Enterprises Ltd's (AEL) "roads, metro, rail, and Water" (RMRW) division. About 20 lakh pilgr ...Read More >