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.
Investing.com -- European markets opened higher on Tuesday, although investor attention is fixed on unfolding political challenges in France this week. At 3:17 ET (8:17 GMT) Germany's DAX index gained 0.5%, France's CAC 40 increased by 0.8%, and the UK's FTSE 100 advanced 0.4%. Data releases on the agenda for Tuesday include U.K. retail sales figures and Spanish unemployment data. France's markets will be under close scrutiny as Prime Minister Michel Barnier invoked special constitutional measures to pass a controversial budget bill without a parliamentary vote. Opposition parties, spanning both left and right factions, have expressed intentions to back a no-confidence motion against Barnier's minority government. The vote is expected to occur on Wednesday. Oil prices saw a slight uptick early Tuesday but stayed within a narrow trading range as markets awaited developments from an upcoming OPEC+ meeting.
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for producing Thai Kick Boxers, the district is also ready to shed its infamous identity that emerged du ...Read More >
NEW DELHI: India's oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged at $120.84 on April 1, when the Brent crude was hovering around $107 a barrel.The price of the Indian oil basket represents the average of Oman and Dubai for sour grades and Brent (Dated) for sweet grades in the ratio of crude processed during the previous financial year. International oi ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. Also Read | Indian National Tarsem Singh Charged in Ohio High-Speed Crash That Killed Teen and Unborn Child, DHS Lodges ICE Detainer. "Tuesday ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Thanksgiving break, France was at the heart of the attention yesterday. The political drama, there, only ...Read More >
Mumbai, June 29 (SocialNews.XYZ) Major factors, including auto sales figures, PMI data, Foreign Institutional Investor (FII) activity, and international economic updates, are expected to drive the Indian stock market this week. According to Bajaj Broking Research, several important economic data releases are scheduled between June 30 and July 4 in both India and the United States. India's industrial production data for the month of May will be released on June 30, which will offer insights into the country's manufacturing output. The current account data for the first quarter is also expect ...Read More >
Stocktwits - Indian markets opened on a cautious note on Monday, with the Nifty hovering around the 25,450 level as investors await clarity on US tariffs, Reports suggest that a mini-trade deal between the US and India is likely to be announced within the next two to three days. On the other hand, US President Donald Trump issued a warning to BRICS member countries, threatening to impose a 10% additional tariff on any nation that aligns itself with 'anti-American' policies of the bloc. At 09:40 a.m. IST, the Nifty 50 traded 16 points higher at 25,477, while the Sensex rose 35 points to 83,46 ...Read More >
Mumbai: The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday. "The rupee recovered towards closing yesterday (Monday) after falling due to heavy d ...Read More >
New Delhi, April 4: Even as geopolitical tensions intensify with the Middle East conflict entering its fifth week, gold prices in India remain nearly 17 per cent below their record peak. Gold prices ended the week on a positive note, but the broader trend reflects pressure on bullion. The COMEX gold price settled at $4,679.70 per ounce, while on the domestic front, MCX gold closed at Rs 1,49,650 per 10 grams. This places gold prices in India around Rs 31,000 lower than their all-time high of Rs 1,80,779 per 10 grams. Market experts said that the ongoing geopolitical uncertainty initially boos ...Read More >
Stocktwits - Indian markets opened firm on Wednesday, tracking mixed global cues, as optimism builds around a potential U.S.-India trade deal ahead of the critical July 9 deadline. The retail sentiment on Stocktwits for Nifty remained 'bullish'. Sectorally, it's a mixed bag with technology and metals leading the gains, while PSU banks and media stocks witnessed some selling pressure. IndusInd Bank (NSE:INBK) is the top Nifty loser, falling 3% as Goldman Sachs (NYSE:GS) downgraded it to 'Sell' with a target price of ₹722 per share. They expect subdued returns even after a recovery in H2 FY26 ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
French Prime Minister Michel Barnier faces a significant political challenge as his budget proposal encounters resistance in a divided parliament. His coalition could collapse if a no-confidence motion is pushed by opponents, risking financial instability and investor confidence. Ongoing negotiations are crucial as deadlines loom. French Prime Minister Michel Barnier's government is teetering on the brink of collapse amid struggles to pass the 2025 budget through an increasingly divided parliament. Experts warn that the coalition could fall before Christmas if a no-confidence motion forces Ba ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
Mumbai, Jul 10: The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, and traded in a range of 85.70 and 85.53 during the day. The local unit finally settled for the day ...Read More >
Also Read | India buys more Russian oil -- but its rupee-rouble plan isn't working Responding to a question on India's likely measures in case secondary sanctions were imposed on Russian oil imports, he said, "My my own view is the price of oil will come down. It will come down only because there is more oil available in the international market. There is more oil coming on the global market from the western hemisphere. I mean countries such as Brazil, Guyana and Canada. They're not even OPEC+ members. I'm not worried at all. If something happens, we'll deal with it." He added that India felt ...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 >
Mumbai, Apr 2 (PTI) Staging a spirited recovery, stock markets pared early losses to close higher on Thursday, with the benchmark Sensex rising by 185 points and the broader Nifty settling above 22,700 on strong value buying in IT and banking shares and a sharp rebound in the rupee. Rebounding more than 2,000 points from the day's low, the 30-share BSE Sensex finally settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The index opened lower and tanked further by 1,588 points to hit a day's low of 71,545.81 in the first half of the session. Strong value buying in IT bellwethers li ...Read More >
NEW DELHI: Former Chief Justice of India (CJI) Dhananjaya Y Chandrachud has raised some concerns about simultaneous state and parliamentary elections in his submissions to a joint parliamentary committee and called for a level-playing field between smaller and national parties, people aware of the matter said on Thursday. Ex-CJI Chandrachud and another former CJI, JS Khehar, are set to attend on July 11 a meeting of the JPC examining the Constitution (129th Amendment) Bill and the Union Territories Laws (Amendment) Bill, which are intended to roll out simultaneous polls in the country, the pe ...Read More >
New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. "Gold continues to face downward pressure as both geopolitical and economic uncertainties e ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world woul ...Read More >
Mumbai, Jul 8 (PTI) The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. Also Read | US-Based Indian Family of 4 Members From Hyderabad Killed As Speeding Mini Truck Collides With Car in Dallas. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to ...Read More >
New Delhi [India], July 15 (ANI): The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research. While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy. It stated While a rate cut in September remains possible, it hinges heavily on labour market softness and the inflation trajectory. The report a ...Read More >
European stocks rose on Friday, heading for small weekly gains, as investors focused on corporate earnings to assess the impact of US tariffs on businesses. The STOXX 600 index climbed 0.3% to 548.84 points, set for its second weekly gain. Other major indexes, including Germany's DAX, France's CAC40, and Britain's FTSE 100, also saw modest increases. Swedish defense company Saab jumped 12.7%, leading the STOXX 600, after reporting better-than-expected second-quarter earnings and raising its sal ...Read More >
Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday reassured that global energy supplies remain adequate despite ongoing geopolitical conflicts that traditionally impact crude oil prices. Speaking on the sidelines of a national seminar in New Delhi, Puri addressed concerns about energy security in the context of heightened global uncertainties. "There are many things that have an impact on crude prices. People say that if there is military conflict somewhere, it will have an impac ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing new ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. "Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the F****n' Strait, you ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world woul ...Read More >
India, which has offered 2.5 lakh sq km area for exploration under OALP Round-10, is close to discovering a Guyana-scale oil field in the Andaman sea, Minister of Petroleum & Natural Gas Hardeep Singh Puri said. In his address at the 9th OPEC International Seminar in Vienna, Austria on Wednesday, the Minister emphasised that the world's third largest crude oil importer is aggressively expanding its efforts in the domestic exploration and production (E&P) sector. "With 2.5 lakh sq km open for ex ...Read More >