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.
Mumbai (Maharashtra) [India], July 7 (ANI): Skoda Auto Volkswagen India on Monday announced the addition of Bentley, the legendary British brand, as the sixth marque under the Group's umbrella. From July 1, 2025, Skoda Auto Volkswagen India has been exclusively importing, distributing and servicing Bentley vehicles across the country, deepening the Group's commitment to India's rapidly expanding luxury car arena. Also Read | Ahmedabad Shocker: 21-Year-Old Woman Dies by Suicide After Ex Refuses To Delete Intimate Video in Chandkheda; 1 Arrested, Probe Launched. All marketing, sales, and after-sales operations will be conducted under a newly established entity, Bentley India, a group company of Skoda Auto Volkswagen India, which will oversee the brand's India strategy and retail network, according to a company statement. Abbey Thomas has been appointed as the Brand Director of Bentley India, leading the brand in the Indian market. Also Read | Breakthrough Study for Indian Astronomers: IIA Scientists Find Tiny Loops in Solar Corona, To Decode Sun's Hidden Explosive Secrets. According to the company's statement, Bentley India will have three new dealer partners across key cities, starting with Bengaluru and Mumbai, followed by New Delhi. These new showrooms will offer India's ultra-high-net-worth customers Bentley products. Piyush Arora, Managing Director and CEO of Skoda Auto Volkswagen India said, "Welcoming Bentley into the SAVWIPL family is a proud milestone that completes our portfolio -- from the precision of German engineering to the timeless elegance and unmatched performance of British craftsmanship. India's appetite for uncompromising luxury is growing rapidly. Additionally, Abbey's deep understanding of the Indian market makes him the ideal leader to steer Bentley India toward new milestones." Jan Bures, Executive Director, Sales, Marketing and Digital of Skoda Auto Volkswagen India, said, "It's a proud moment for us in India to welcome Bentley into the SAVWIPL family. The ever-growing UHNI segment in India will benefit from this new association, and we, along with our new dealer partners, will ensure the best of luxury and performance for our customers." For over two decades, Bentley has been a part of India's luxury car landscape. Headquartered in Pune, Skoda Auto Volkswagen India manages the Indian operations of six prestigious brands - Skoda, Volkswagen, Audi, Bentley, Lamborghini, and Porsche. It operates two manufacturing facilities in India - at Chakan, Pune, and Shendra, Chhatrapati Sambhajinagar (formerly known as Aurangabad). (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
Bengaluru, Feb 4 (SocialNews.XYZ) In a major Regional Transport Office operation, 30 luxury cars, including Ferrari and Porsche, were seized for alleged tax evasion in Bengaluru. The seizure of luxury cars is done for non-payment of taxes by the owners, an RTO official said on Monday. The seized vehicles were registered in different states but illegally driven in Karnataka. This operation is expected to recover around Rs 3 crore in taxes. Luxury cars, including Maserati, Ferrari, Porsche, Range Rover, and BMW have been seized, the sources said. These top-end cars were registered in states ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
India's Free Trade Agreements (FTA) with other countries will not impact prices of luxury cars in India, according to Mercedes-Benz India. The German luxury carmaker stated that across automakers operating the country, luxury cars are majorly manufactured in India. "We have always encouraged free trade. We are looking forward to the EU-India FTA and even the India-UK FTA; they surely drive the economic growth of the country, for the segments. As a large multinational operating in multiple geographies, we have always advocated free trade and we continue to do that. There are expectations that ...Read More >
Mumbai: In a major boost to sustainable transportation and revenue generation, the Maharashtra State Road Transport Corporation (MSRTC) is set to establish the state's largest Registered Vehicle Scrapping Facility (RVSF) on its own land through a public-private partnership model. The facility will be located in Khultabad, Chhatrapati Sambhajinagar district, on a sprawling 100-acre MSRTC-owned parcel. The announcement was made by Maharashtra's Transport Minister and MSRTC Chairman Pratap Sarnaik during a review meeting held recently. The meeting was attended by MSRTC Vice Chairman and Managing ...Read More >
BENGALURU - Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second ...Read More >
New Delhi, Jul 1 (PTI) Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 63 per cent year-on-year to 2,128 units. The company sold 2,477 units in the January-June period of last year. The brand with the four rings is facing headwinds as slowing demand -- driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions -- continues to impact performance, Audi India said in a statement. However, the company remains confident in the growth of the Indian luxury car market in the forthcoming festive season, dr ...Read More >
Shimla (Himachal Pradesh) [India], July 2 (ANI): A day after a First Information Report (FIR) was filed against Himachal Pradesh's Panchayati Raj and Rural Development Minister Anirudh Singh for allegedly assaulting an NHAI official, the minister on Tuesday categorically denied the charges, saying he would fully cooperate with the investigation and face the law. He also accused the National Highways Authority of India (NHAI) of carrying out "unscientific and dangerous" construction work across the state, leading to massive damage to lives and property. Also Read | Uttar Pradesh Horror: Teen ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an ...Read More >
Bengaluru: A Ferrari owner in Karnataka's capital, Bengaluru, had to pay a hefty road tax and penalty of Rs 1.42 crore for driving a Maharashtra-registered super luxury car on Bengaluru roads for an extended period. The Ferrari SF90 Stradale was being used without paying the applicable Karnataka road tax. Bengaluru RTO officials had been tracking the car for several months. Finally, it was caught on Thursday morning, and the owner was forced to pay a massive amount in taxes and fines. According to media reports, RTO officials in Karnataka recovered Rs 1.42 crore in road tax and penalties from ...Read More >
UP: Karnataka Police have arrested the mother-in-law and brother-in-law of late Atul Subhash, who committed suicide on December 9 over alleged demand by his wife's family for Rs 3 crore as settlement. The sensational case has triggered debate over harassment of married men and misuse of dowry provisions in the country. Atul Subhash ended his life on Monday leaving behind a 40-page death note and 90-minute video explaining how he was allegedly tortured by his wife. Atul's In-Laws Arrested On Thursday Night The Karnataka Police arrested Nisha Singhania, Atul's mother-in-law and brother-in-law ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Deconstruct, a skincare and haircare brand, has launched an innovative "Skincare Internship," offering participants the chance to enhance their skincare knowledge while earning Rs 1 lakh. Open to everyone over 18, the program aims to normalize skincare as a daily habit and challenge stereotypes by reserving 50% of spots for male participants. Interns will receive personalized skincare routines, expert guidance from dermatologists, and hands-on experience. The remote internship spans 30-60 days, culminating in rewards like product hampers, social media features, and career opportunities. Founde ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
New Delhi: In a major strategic step, the Noel Tata-led Tata CLiQ has decided to rebrand the brand as Tata CLiQ Fashion. The move is seen as the company's idea to align with its "fashion-forward approach." Tata CLiQ is the e-commerce arm of the Tata Group. The rebranding marks the company's shift from being a horizontal marketplace to a specialized vertical platform focusing on fashion and lifestyle. The Tata CLiQ Fashion has unveiled a complete visual redesign, featuring a fresh logo, revamped packaging, and updated user experiences on both its app and website. According to a Hindu Businessl ...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, July 1 (SocialNews.XYZ) German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year. According to the automaker, 'Audi Approved: plus', the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025). The brand currently has 26 pre-owned car facilities and will be adding more facilities this year. "While H1 2025 presented unique market challenges, we have used this period to strengthen our foundation for sustainable growth. By prioritising a luxury-fi ...Read More >
Jabalpur, July 2 (SocialNews.XYZ) In a chilling case, a 22-year-old woman sustained severe burn injuries after her childhood friend allegedly hurled acid on her face out of jealousy and personal vendetta. The incident occurred on the night of June 29 in Awadhpuri Colony under the jurisdiction of the Gwarighat police station in Jabalpur. The accused, identified as 21-year-old engineering graduate Ishita Sahu, was arrested shortly after the attack. According to police, Ishita lured her former friend Shraddha Das (22), a BBA graduate, out of her home under the pretext of giving her a surprise ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
Hyderabad: The phone tapping case in Telangana took a dramatic turn on Tuesday with the police booking former minister T. Harish Rao and others. A case against the Bharat Rashtra Samithi (BRS) leader and others was registered at Panjagutta Police Station in Hyderabad on a complaint by G. Chakradhar Goud, a real estate businessman. The complainant, who is also the founder of Farmers First Foundation, alleged harassment, threats, and unlawful phone surveillance. Panjagutta Police registered a case under Indian Penal Code (IPC) Section 120(B) (Criminal conspiracy), 386 (Extortion), 409 (Crimin ...Read More >
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Navi Mumbai: In a bid to meet the projected water demand of 1,257 million litres per day (MLD) by the year 2050, the City and Industrial Development Corporation (CIDCO) has embarked on a series of critical water infrastructure projects across Navi Mumbai. These initiatives aim to support the city's rapid development and ensure sustainable water supply to areas under CIDCO's jurisdiction, a statement released by the planning authority on Friday, said. One of the key initiatives is the augmentation of the Hetawane Water Supply Scheme, which is currently progressing in four phases and is expect ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >