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: Something is cracking inside China. It is quiet, hidden but real. President Xi Jinping vanished from public view in late May. Now, he skipped the BRICS summit in Rio. Unusual? But this is not only about a diplomatic cold. The whispers in Beijing are growing louder - his own generals are no longer trusting him. Behind the walls of the People's Liberation Army (PLA), rumblings have begun. Once held total control, Xi has been purging top commanders. Two defense ministers. Multiple rocket force heads. Even General He Weidong, once seen as China's second-most powerful man, was dismissed. His crime? Allegedly pushing too far and too fast on Taiwan. That island has long haunted Beijing. Xi made it a personal mission. He ordered the PLA to be "combat ready" to strike by 2027. But the generals now seem hesitant. Some have vanished. Others have fallen silent. Internally, there is a growing fear - what if the army no longer wants this war? China has not fought a real battle since 1979. Its military is vast but untested. The West sees it as a giant but without scars. That, experts say, is Xi's biggest insecurity. He has built a fortress, but the foundations may be brittle. The tension is spilling into politics. Premier Li Qiang has stepped in for Xi at the BRICS summit. Party technocrats like Wang Yang are rising again. These shifts are raising questions - is Xi being sidelined from within? American analysts say the PLA's loyalty is to the Communist Party, not directly to Xi. Unlike the U.S. military, which swears allegiance to a constitution, China's army swears to the ruling party. When that trust erodes, so does the chain of command. And that makes Taiwan even more dangerous. If Xi rushes into conflict to reassert his power, the fallout could be enormous. A failed invasion would shake China's economy, already battered by trade wars and debt. A miscalculated war would also draw the United States and possibly India into a new regional crisis. India's defense community is watching closely. Any instability in Beijing could ripple across the Himalayas and through the Indo-Pacific. The PLA has been aggressive along the LAC before. If chaos brews in Beijing, China might lash out abroad to restore its image at home. Xi wanted to show strength. But the silence from his generals might say more than any parade.
New Delhi: Nepal's Prime Minister KP Sharma Oli's decision to visit China before India after assuming office in 2024 had reignited speculations about the trajectory of India-Nepal bilateral ties. While some analysts see this as a shift in Kathmandu's diplomatic priorities, New Delhi has downplayed concerns, maintaining that relations between the two South Asian neighbours remain strong. "I can tell you that the relations between the two countries remain good and strong and we want to further strengthen these," External Affairs Ministry spokesperson Randhir Jaiswal said during his regular medi ...Read More >
New Delhi, Jun 26 (PTI) Prime Minister Narendra Modi is likely to embark on a five-nation tour next week to attend the BRICS summit in Brazil and to enhance India's ties with four other nations, people familiar with the matter said on Thursday. Besides Brazil, Modi is set to visit Ghana, Trinidad and Tobago, Argentina and Namibia, they said. There is no official announcement yet on Modi's planned trip. The main focus of the trip will be his visit to the Brazilian city of Rio de Janeiro to participate in the BRICS summit on July 6 and 7. BRICS brings together 11 major emerging economies of ...Read More >
DHARAMSHALA, India, - The choice of a successor to the Dalai Lama, the spiritual head of Tibetan Buddhists, is a matter of riveting interest not only for followers of his religion, but also China, India, and the United States, for strategic reasons. The Nobel peace laureate, who turns 90 on Sunday, is regarded as one of the world's most influential figures, with a following extending well beyond Buddhism. HOW WAS HE CHOSEN? Tibetan tradition holds that the soul of a senior Buddhist monk is reincarnated after his death. The 14th Dalai Lama, born as Lhamo Dhondup on July 6, 1935, to a farmin ...Read More >
Dharamshala (Himachal Pradesh) [India], July 2 (ANI): As the Dala Lama left the decision of his successor to the Gaden Phodrang, leaving no role for the Chinese, Penpa Tsering Sikyong, President of the Central Tibetan Administration, said that the Tibetan people will never accepy China's usage of reincarnation for political gain. 'During the 15th Tibetan religious conference held in Dharamsala... a consensus was reached on the following important points- The core process of recognising the reincarnation of the Dalai Lama is as per the unique Tibetan Buddhist tradition. Hence, we not only stro ...Read More >
Kochi: Edison Babu's neighbours in Muvattupuzha knew him as the quiet engineer who had returned home during the pandemic. The 35-year-old former auto industry professional seemed to lead an unremarkable life in this sleepy Kerala suburb, occasionally visiting the local post office with packages: nothing unusual for someone running what appeared to be a small online business. What they didn't know was that their mild-mannered neighbour had built India's most sophisticated darknet drug empire, one that relied heavily on the very government postal service that was meant to serve the community. ...Read More >
Beijing/Hyderabad, July 15 (Maxim News): In a significant diplomatic engagement, External Affairs Minister S. Jaishankar met Chinese President Xi Jinping in Beijing on Tuesday to discuss the current trajectory and future prospects of India-China bilateral relations. This meeting marks a crucial step in efforts to stabilize and strengthen ties between the two Asian giants. Here To Join Us On WhatsApp The interaction took place during the call on President Xi by foreign ministers participating in the Shanghai Cooperation Organisation (SCO) Council of Foreign Ministers' Meeting, currently under ...Read More >
China’s anti-corruption campaign intensifies as Admiral Miao Hua, a senior military official and member of the Central Military Commission, is under investigation for corruption. Miao, known for his close ties to President Xi Jinping, is the latest target in Xi's crackdown on corruption within the People’s Liberation Army (PLA). This investigation follows reports of Defense Minister Dong Jun facing similar allegations, though dismissed by the Chinese Defense Ministry. Xi's campaign has led to the removal of several high-ranking military officials, especially from the Rocket Force, as part of e ...Read More >
KOZHIKODE: A woman from Palakkad who recently tested positive for Nipah virus, remains in critical condition at the Kozhikode Government Medical College Hospital. She is currently receiving critical care in the hospital's specialised Nipah isolation unit. The patient was initially admitted to a private medical facility in Perinthalmanna. However, late on Saturday night, due to a significant deterioration in her health, she was transferred to the Kozhikode Medical College. Her symptoms, consistent with a severe viral infection, first appeared on July 1, prompting her to seek medical attention. ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday (Aug 6), in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a request for comment. His trip will come at a time when India's relationship with the US faces its most serious ...Read More >
This will be PM Modi's first visit to Beijing since 2019 and the Galwan clashes in 2020. He most recently met Xi Jinping, in October 2024 at the BRICS summit in Russia. Prime Minister Narendra Modi is likely to visit China for the Shanghai Cooperation Organisation summit, being held on August 31 to September 1. This will be Modi's first visit to Beijing since 2019 and the Galwan clashes in 2020. He most recently met President Xi Jinping, in October 2024 at the sidelines of the BRICS summit in K ...Read More >
Kaza (Himachal Pradesh) [India], January 17 (ANI): The Spiti Cup 2025 concluded with an action-packed finale, where teams fiercely competed across Men's, Women's, and U-18 Boys' categories showcasing the finest grassroots Ice Hockey talent from the Lahaul Spiti region. Sham Zone clinched the Men's title with a narrow 1-0 victory over Center Zone, while the Women's championship was decided on goal difference, with Center Zone emerging as the winner. Tod Zone claimed the U-18 Boys' title. With standout performances from players like Tanzin Solden and Kunga Wangpo and stellar goalkeeping by Abhi ...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 >
NEW DELHI: The Tibet-related issue is a thorn in the China-India relationship, becoming a burden for India, and playing the "Xizang card" will definitely "end up shooting oneself in the foot", said the Chinese embassy spokesperson here taking note of recent remarks by members of the Indian strategic and academic communities.China had earlier formally registered a protest with India over PM Narendra Modi's birthday greetings to the Dalai Lama and remarks by Union minister Kiren Rijiju that the Tib ...Read More >
Hyderabad, July 13 (Maxim News): In a significant diplomatic development, External Affairs Minister S. Jaishankar will embark on a three-day visit to China beginning Sunday to attend the Shanghai Cooperation Organisation (SCO) Foreign Ministers' Meeting in Tianjin. This marks his first visit to China since the Galwan Valley clash in June 2020, which led to a severe deterioration in India-China relations. Although Jaishankar has engaged with his Chinese counterpart at multilateral forums in the past, this visit underscores a positive shift in bilateral engagement, building on recent high-level ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Dharamshala, India/Hong Kong (CNN) -- The Dalai Lama has announced that he will have a successor after his death, continuing a centuries-old tradition that has become a flashpoint in the struggle with China's Communist Party over Tibet's future. Tibetan Buddhism's spiritual leader made the declaration on Wednesday in a video message to religious elders gathering in Dharamshala, India, where the Nobel Peace laureate has lived since fleeing Tibet after a failed uprising against Chinese communist rule in 1959. "I am affirming that the institution of the Dalai Lama will continue," the Dalai Lama ...Read More >
New Delhi: External Affairs Minister (EAM) S. Jaishankar will be on a three day visit to China starting July 13, sources in the Ministry of External Affairs (MEA) revealed on Friday. They stated that EAM Jaishankar will begin his China visit from Beijing and then visit Tianjin for the Foreign Minister's Meeting of the Shanghai Cooperation Organisation (SCO) member countries. China is the current Chair of the grouping. While the External Affairs Minister has met his Chinese counterpart on the sidelines of multilateral events, this would be his first trip to China since bilateral relations wer ...Read More >
Beijing/New Delhi: India and China should build on 'good progress' in normalising the bilateral ties to address border-related issues, including de-escalation, and it is essential to avoid 'restrictive trade measures and roadblocks', External Affairs Minister S Jaishankar said Monday during talks with his Chinese counterpart Wang Yi. In his opening remarks at the meeting, Jaishankar said the bilateral relations can develop in a "positive trajectory" on the foundation that differences should not become disputes and nor should competition become a conflict, adding that the ties can be built onl ...Read More >
NEW DELHI -- President Vladimir Putin said Tuesday that the Russian people were "united as never before," as he sought to project confidence in the wake of a short-lived revolt, at a meeting of a rare international organization where he can find a sympathetic audience. The Shanghai Cooperation Organization meeting, hosted via videoconference by India, was Putin's first multilateral summit since an armed rebellion rattled Russia and comes as he is eager to show that the West has failed to isolate Moscow over its 2022 invasion of Ukraine. The Asian security grouping, founded by Russia and Chin ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
Dharamshala (Himachal Pradesh) [India], July 4 (ANI): Sikyong Penpa Tsering, President of the Tibetan Government-in-Exile on Friday strongly criticized China's interference in Tibetan religious matters, particularly regarding the selection of the Dalai Lama's successor. He expressed concern over China's attempts to dictate the spiritual leadership of Tibet, questioning the government's motives and disregard for religious freedom amid preparations for the upcoming birthday celebrations of the Dalai Lama. Also Read | 'Stop Interfering in China's Internal Affairs': Beijing Urges India to Act Ca ...Read More >
New Delhi (ABC Live): BRICS Rio 2025 Summit: The 16th BRICS Summit, held in Rio de Janeiro, has turned into a high-stakes test for the bloc's future, with Chinese President Xi Jinping and Russian President Vladimir Putin absent from the stage. In their place, Indian Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva are stepping into the vacuum, leading efforts to institutionalize BRICS+ and reshape the bloc's global relevance. Under the theme "Institutionalizing Multipolarity: Reform, Cooperation, and Sustainability," this year's summit features expanded participa ...Read More >
Bhubaneswar: As a potential crisis in the supply of essential commodities, including petroleum, looms large over the State due to the ongoing drivers' strike, the Odisha government has formed a dedicated task force to deal with the logistical challenges and ensure the smooth movement of fuel and other critical goods throughout the State. However, most of the buses and trucks remained off the roads across the State on the third day of the strike by the Odisha Drivers' Association on Thursday. The decision regarding the constitution of the task force was taken during a high-level review meeting ...Read More >
New Delhi, Jul 15: External Affairs Minister Dr. S. Jaishankar met Chinese President Xi Jinping in Beijing on the sidelines of the Shanghai Cooperation Organisation (SCO) Foreign Ministers' Meeting, marking a significant diplomatic engagement amid efforts to stabilise India-China ties. In a post on social media platform X, Dr. Jaishankar said he "called on President Xi Jinping this morning in Beijing along with my fellow SCO Foreign Ministers." He conveyed greetings from President Droupadi Murmu and Prime Minister Narendra Modi and "apprised President Xi of the recent development of our bilat ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
Beijing/New Delhi, July 19 (SocialNews.XYZ) China on Saturday officially began construction on a mega dam project in the lower reaches of the Yarlung Tsangpo - upper reaches of the Brahmaputra - River in Tibet, raising major concerns in the downstream countries, including India and Bangladesh. Chinese Premier Li Qiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attended the groundbreaking ceremony and announced the official start of the Yarlung Zangbo River Lower Reaches Hydropower Project in the Tibet region. Resp ...Read More >
A summary of world news briefs includes Hezbollah's media chief killed by Israeli airstrike, U.S. policy shift allowing Ukraine to use American weapons against Russia, Xi Jinping's final talks with Joe Biden, and other geopolitical developments including climate finance consensus at the G20 in Brazil. In a significant escalation of regional tensions, Lebanese Hezbollah's media relations head, Mohammad Afif, was killed in an Israeli strike in central Beirut. The attack targets a senior Hezbollah figure, signaling a rare focus on individuals without explicit military roles. The U.S. administra ...Read More >
In the Indo-Pacific region, if one development would prove to be a landmark event in the region's modern history, it would be the signing of the Treaty of Comprehensive Partnership between North Korea and Russia in June 2024. The partnership has paved the way for strengthening bilateral ties between Moscow and Pyongyang and marked the onset of the global order transition, which was already underway. The institutionalization of the U.S., South Korea, and Japan's trilateral security cooperation has also given Russia and North Korea another strategic reason to collaborate. Therefore, with the geo ...Read More >
New Delhi [India], December 18 (ANI): Chinese Ambassador to India, Xu Feihong on Wednesday said that China is ready to work with India and put into action the understandings between Indian and Chinese leaders. The comments come ahead of the 23rd meeting of the Special Representatives between National Security Advisor Ajit Doval and China Foreign Minister Wang Yi in Beijing. In a post on X, Ambassador Xu Feihong, "China is ready to work with India to implement the important common understandings between the leaders of China and India, respect each other's core interests and major concerns, str ...Read More >