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, July 6 (Reuters) - Indian court-appointed legal representatives inspected small-scale factories in recent weeks to seize suspected counterfeit Birkenstock footwear, after the German brand launched an infringement lawsuit, people familiar with the matter said. Birkenstock's case is occurring around the same time other shoemakers are in the news in India. Crocs this month secured a court nod to pursue a nine-year-old infringement case, while Prada is facing heat over showcasing sandals
New Delhi: The Italian luxury couture label shocked the desi fans after they featured at least seven of the 56 runway looks featuring sandals that bear a striking resemblance to traditional Indian Kolhapuri Chappals - without any credit. After facing backlash over it, Prada has finally acknowleged that the footwear pieces featured in its Men's 2026 Spring/Summer show in Milan, were inspired by the traditional Indian handcrafted pieces made in specific districts of Maharashtra and Karnataka. In an exclusive response to NDTV, the Prada Group Press Office mentioned, "At Prada Group, we have alwa ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
Arvind Kejriwal vacated his official residence at 6, Flagstaff Road in October 2024. New Delhi: Solicitor General Tushar Mehta on Thursday informed the Delhi High Court that Aam Aadmi Party (AAP) national convenor Arvind Kejriwal will be allotted an appropriate government residence within 10 days. Appearing virtually, Solicitor General Mehta assured Justice Sachin Datta, "He (Kejriwal) will be allotted the appropriate accommodation within 10 days from today. You may record my statement." The ...Read More >
NEW DELHI (Reuters) -An Indian court rejected on Monday a plea by Turkey-based Celebi against a government order revoking the security clearance of the firm to provide aviation ground services in the South Asian nation, three lawyer sources said. Turkey came out in support of Pakistan during its military conflict with India in May, angering many Indians and prompting New Delhi to cancel Celebi's clearance in the "interest of national security". Celebi Airport Services India, in a May 16 filing seen by Reuters, asked the Delhi High Court to set aside that decision, arguing it would impact 3,7 ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth Office mentioned in a letter that the Indian govt had sought British advice over a plan to remove Si ...Read More >
New Delhi: Chief minister Rekha Gupta on Friday directed the officials to constitute an expert panel comprising retired bureaucrats and domain specialists to examine the nature of cases involving Delhi govt pending in district courts and recommend strategies to eliminate unnecessary litigation.The govt stated that these panels would also assist in formulating systemic solutions for quicker resolution and better case management. The decision was taken in a review meeting with the law, justice and ...Read More >
* Ex-NCB officer Sameer Wankhede moves Delhi High Court over Aryan Khan's Ba***ds of Bollywood series * Wankhede, who arrested Aryan Khan on a false drugs charge in 2021, claims damages over his portryal * He has sought Rs 2 crore for alleged malicious depiction of himself and the federal anti-drugs body Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Ex-Narcotics Bureau officer Sameer Wankhede - the centre of a massive row in October 2021 after he arrested Bollywood ...Read More >
JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable growth. "Together, we advance sustainable critical mineral management, supporting Indonesia's net ...Read More >
Mumbai, Jun 28 (PTI) Following the backlash after featuring footwear strongly resembling Kolhapuri chappals, Italian fashion house Prada has acknowledged that it was inspired by the Indian handcrafted footwear. "We acknowledge that the sandals featured in the recent Prada Men's 2026 Fashion Show are inspired by traditional Indian handcrafted footwear, with a centuries-old heritage. "We deeply recognize the cultural significance of such Indian craftsmanship," said Lorenzo Bertelli, Prada Group Head of Corporate Social Responsibility, in a letter to Lalit Gandhi, president of Maharashtra Chamb ...Read More >
NEW DELHI - An Indian court rejected on Monday a plea by Turkey-based Celebi against a government order revoking the security clearance of the firm to provide aviation ground services in the South Asian nation, three lawyer sources said. Turkey came out in support of Pakistan during its military conflict with India in May, angering many Indians and prompting New Delhi to cancel Celebi's clearance in the "interest of national security". Celebi Airport Services India, in a May 16 filing seen by Reuters, asked the Delhi High Court to set aside that decision, arguing it would impact 3,791 jobs a ...Read More >
New Delhi, June 28 (SocialNews.XYZ) After facing severe backlash, Italian fashion house Prada has officially admitted that the Kolhapuri Chappals, featured in the recent Prada Men's 2026 Fashion Show, is inspired by India's handcrafted footwear traditions. In a letter to Lalit Gandhi, president of Maharashtra Chamber of Commerce, Industry, and Agriculture, Prada noted that it is "open for meaningful exchange with artisans". "We acknowledge that the sandals featured in the recent Prada Men's 2026 Fashion Show are inspired by traditional Indian handcrafted footwear, with a centuries-old herita ...Read More >
MUMBAI/MILAN, July 2 (Reuters) - Indian footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft. Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origi ...Read More >
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted court-ordered raids on factories suspected of producing fakes. The German shoemaker is pursuing legal action to counter growing counterfeit activity tied to its popular footwear. According to people familiar with the matter, court-appointed lawyers recently inspected several small-scale factories in India to seize suspected counterfeit Birkenstock products. The move comes after Birkenstock filed a trademark infringement lawsuit in the Delhi High Court in M ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Mumbai, Jul 4 (PTI) A PIL has been filed in the Bombay High Court against Italian fashion house Prada for its alleged unauthorised use of the Kolhapuri chappals, and sought compensation to be paid to Indian artisans for allegedly copying their design. Prada in its spring/summer collection showcased their 'toe-ring sandals', which the petition said are deceptively similar to the Kolhapur chappal. These sandals are priced at Rs 1 lakh per pair. "The Kolhapuri chappal is the cultural symbol of Maharashtra," the plea filed by six Pune-based lawyers said. The petition has been filed against the ...Read More >
Shimla (Himachal Pradesh) [India], July 8 (ANI): The death toll from the ongoing monsoon fury in Himachal Pradesh has risen to 85, with 54 people losing their lives due to rain-triggered disasters like landslides, cloudbursts, flash floods, and drowning incidents, while 31 people have died in road accidents said State Disaster Management Authority on Tuesday. According to the State Disaster Management Authority's latest cumulative report, since June 20 2025, when monsoon officially set in the state has witnessed widespread damage to life, property, livestock and infrastructure. Also Read | D ...Read More >
NEW DELHI, Aug 14 (Reuters) - Publicis has sued India's antitrust watchdog for denying access to case files in a high-profile price-fixing investigation of ad agencies, after the French group failed to get the probe stalled until it could review the documents, court filings show. The Competition Commission of India (CCI) shook India's near-$30 billion media and entertainment sector in March with dawn raids at WPP's (WPP.L), opens new tab GroupM, Dentsu (4324.T), opens new tab, Publicis (PUBP.PA), opens new tab, Omnicom (OMC.N), opens new tab and many other agencies over suspected collusion ov ...Read More >
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power (RPOL.NS), opens new tab from participating in tenders for clean energy projects after a court directive. Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement. The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged th ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
Mumbai, July 7: After Kareena Kapoor, veteran actress Neena Gupta took to social media to call out luxury brand Prada for allegedly copying the traditional Kolhapuri chappal design. Taking to Instagram, the 'Metro In Dino' actress posted a video where she flaunted a handmade pair of Kolhapuris gifted to her by the late Laxmikant Berde. In the clip, Gupta could be heard saying, "So, these Kolhapur slippers are in great demand these days. So, once I did something with Laxmikant Berde. I don't remember what it was. So, I asked him, can you get me these slippers from Kolhapur? He said, yes. So, h ...Read More >
A recent controversy surrounding Italian luxury label Prada has put the spotlight on how global fashion giants engage with India - a country whose rich artistic traditions have often suffered because of its inability to cash in on them. Prada got into trouble in June after its models walked the runway in Milan wearing a toe-braided sandal that looked like the Kolhapuri chappal, a handcrafted leather shoe made in India. The sandals are named after Kolhapur - a town in the western state of Maharas ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday said the quality of police investigation has decreased and it needs to be improved. "Although it is a matter of relief that the crime rate in the state has decreased, the quality of police investigation has decreased, and this needs to be improved," Karnataka CM said. He gave these instructions after holding a meeting of senior police officers and a progress review meeting of the police department at the office of the State Director General of Police. He mentioned that although the accused in the robbery case in Bidar is known, he h ...Read More >
Mumbai: Prada could well partner with Indian artisans if it were to decide to produce and commercialise its Kolhapuri chappal-inspired line of men's sandals, the Italian luxury house said. A spokesperson for Prada Group said it "is already in the process of setting up next steps with the relevant parties and supply chain in the event the sandals were to be commercialised. In fact, the entire collection is currently at an early stage of design development and none of the pieces are confirmed to be produced." Lalit Gandhi, president of the Maharashtra Chamber of Commerce, Industry and Agricultu ...Read More >
Mumbai: A public interest litigation filed in Bombay high court seeks reliefs against Italian luxury fashion label Prada after it showcased open-toe leather sandals at the recent Milan Fashion Week that are "deceptively similar" to the Kolhapuri chappal."The Kolhapuri chappal is the cultural symbol of Maharashtra and has special public sentiments attached to it. The act of copying and misrepresenting this craft in international markets effectively amounts to depriving local artisans of rightful recognition and credit for their work, who have preserved and practised this traditional art form fo ...Read More >
Mumbai: Close on the heels of the Delhi High Court being evacuated following a bomb threat email, a similar threat email regarding the Bombay high court was received, said police officers. Mumbai police officials later confirmed no explosives were found and the threat turned out to be a hoax. Police have launched an investigation to trace the origin of the email and determine whether the threats to the Delhi and Bombay high courts are linked. Azad maidan police were in the process of registering an FIR, said cops.Security concerns led to all Bombay high court judges rising around 1pm and lawye ...Read More >
New Delhi: The Delhi High Court has allowed Priya Sachdev Kapur, widow of the late industrialist Sunjay Kapur, to submit a statement of assets in a sealed cover in the ongoing inheritance dispute, citing the need for confidentiality in handling sensitive financial documentation. The case arises from a partition suit filed by Karisma Kapoor's children, Samaira Kapur and Kiaan Raj Kapur, over their father's estate. The dispute revolves around the distribution of Sunjay Kapur's assets and the rights of the heirs. The High Court directed that the details of Sunjay Kapur's assets be submitted und ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection. Justice Mini Pushkarna's bench, while hearing a lawsuit filed by the Sir Ratan Tata Trust and Tata Sons Pvt Ltd issued an injunction against Rajat Srivastava, who had been planning to organize an award ceremony named the 'Ratan Tata Icon Award.' According to the lawsuit, the defendants, despite being notified, choose ...Read More >
New Delhi, Jun 28 (PTI) The humble kolhapuri, style statement for affordable ethnic elegance and simply staple wear for many, catapulted to the rarefied runways of Milan with Prada rebranding the handcrafted chappal "leather flat sandals" at Rs 1.2 lakh. The outrage was instant and intense. That the GI-tagged footwear, a symbol of Indian craft that goes back centuries was appropriated by the Italian luxury label which featured it in Spring/Summer 2026 show, led to a massive debate on cultural theft and giving artisans their rightful due. "I am deeply annoyed and disgusted by the way Prada ha ...Read More >
Hyderabad: Kolhapuri chappals, the traditional handcrafted leather footwear from Maharashtra, are poised for a resurgence after Prada rebranded the flat leather sandals at Rs 1.2 lakh during the Spring/Summer 2026 Milan menswear show inspired by the iconic sandals. The GI-tagged footwear, a symbol of Indian craft that goes back centuries was appropriated by the Italian luxury label. It led to a massive debate on cultural theft and giving artisans their rightful due. The global spotlight has sparked fresh interest in Hyderabad, where clusters of Kolhapuri outlets line Abids, the Old City near ...Read More >
Jaipur: Two workers died while five others are feared trapped after soil caved in during pipeline excavation work in Rajasthan's Bharatpur on Sunday morning, police said. According to officials, some labourers were filling a 10-foot-deep trench dug to lay a pipeline near Jangi ka Nagla village when the soil caved in. Twelve workers got trapped under the soil. Upon hearing the cries, other labourers and project staff started rescue attempts, but the depth and heaviness of the soil made immediate efforts difficult, they said. District administration, police and disaster management teams reach ...Read More >