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.
Shimla, Jul 7 (PTI) A farmer body, trade unions and people affected by the ongoing four-laning work at the Bhattakuffar area in Shimla will stage a protest outside the NHAI office on July 16 to demand compensation, A joint convention that included members of the Himachal Kisan Sabha, Centre of Indian Trade Union (CITU) and around 200 people from nine affected panchayats from Kathlighat to Dhalli announced the protest held on Monday. Houses of some people who house were pulled down and others whose properties are threatened by the road widening project of the National Highway Authority of India (NHAI) said they would hold the protest to demand rehabilitation of residents who have been forced to vacate their houses that were declared unsafe and adequate compensation for the loss. The convention also called for the formation of an expert committee to assess the damages, including engineers from both the state and central governments. During his address at the convention, Himachal Kisan Sabha president Kuldeep Singh Tanwar said the four-lane construction has not only affected the Shimla region but has impacted residents wherever such projects are being carried out across the state. Development activities like four-lane highways, hydroelectric projects, railways, transmission lines, and airports are being undertaken without regard for the environment, he said. He further said Himachal Pradesh is home to many small and marginal farmers who have limited land for livelihood. "Their lands are being acquired in the name of development, but they are not receiving fair compensation. We demand that compensation should be given under Factor-2 instead of Factor-1". Factor 1 refers to compensation that is equal to the market value which some consider to be less-than accurate valuation of their land, while Factor-2 doubles the compensation amount with regards to the market value. He claimed that while 45 metres of land are officially acquired for four-lane construction and the compensation for it is paid, hill cutting, up to 60-90 per cent, on slopes is causing instability, thus triggering landslides and damaging adjacent lands. "Illegal dumping of debris during construction is ruining grazing lands, agricultural fields, and water sources. However, neither the state government nor the NHAI are addressing these issues," he said. Tanwar called on the people to join the July 16 protest in large numbers. PTI COR SKY SKY
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
New Delhi, Dec 17 (PTI) Congress MP Shashi Tharoor on Tuesday hit out at the government, saying voting at the introduction stage of two bills on simultaneous elections in the Lok Sabha showed the BJP did not have the two-third majority required to pass a constitutional amendment. Two bills that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha after a fiery debate on Tuesday. Opposition parties dubbed the draft laws -- a Constitution amendment bill and an ordinary bill -- as an attack on the federal structure, a charge rejected by the government. "We (th ...Read More >
Dehradun: Uttarakhand Chief Minister Pushkar Singh Dhami is the first person to register his marriage on the Uniform Civil Code (UCC) portal in Uttarakhand. It is mandatory under UCC provision to register the marriage solemnized after march 2010. CM Dhami, who married Geeta Dhami on February 5, 2011, received the certificate of registration from Uttarakhand Chief Secretary Radha Ratudi. This moment marked the launch of the UCC, making Uttarakhand the first state in India to implement such a law. All marriages solemnized after March 2010 must be registered The UCC mandates that all marriages ...Read More >
Bhubaneswar, Dec 3 (PTI) Odisha MLAs across party lines on Tuesday demanded an increase in their salaries and enhanced pensions for former lawmakers. The issue was raised during Zero Hour by Opposition chief whip Pramila Mallik, supported by members from both Congress and BJP. Mallik emphasised the need to increase the pension of former MLAs, saying they were struggling to manage due to rising market prices and medical expenses. She pointed out that a committee formed by the previous government had already submitted a report recommending an increase in the salary of MLAs to Rs 2.5 lakh per ...Read More >
Jharkhand supplementary budget: The Jharkhand Assembly on Thursday (December 12) passed the second supplementary budget of Rs 11,697.45 crore for the 2024-25 fiscal year. Following the budget's passage, Speaker Rabindra Nath Mahato adjourned the four-day session of the assembly sine die. Finance Minister Radhakrishna Kishore tabled the second supplementary budget, with the largest allocation of Rs 6,390.55 crore directed to the Women, Child Development, and Social Security Department. This significant funding aims to enhance the government's flagship initiative, the Maiyan Samman Yojana. Und ...Read More >
New Delhi, Jan 14 (PTI) Wheat sowing increased by 1.38 per cent year-on-year to 320 lakh hectare so far in the ongoing 2024-25 rabi season, according to the agriculture ministry data released on Tuesday. Wheat, the main rabi (winter) crop, was sown in 315.63 lakh hectare in the year-ago period. Sowing of most rabi crops is nearing end. Harvesting will begin from April. According to the data, pulses' acreage remained flat at 139.81 lakh hectare as on January 14, compared to 139.11 lakh hectare in the year-ago period. Gram was covered in 96.65 lakh hectare and lentil in 17.43 lakh hectare. ...Read More >
Uttarakhand (Dehradun) [India], May 19 (ANI): The Indian Meteorological Department (IMD) has issued an orange alert for heavy rain in the hilly districts of Uttarakhand, effective today and tomorrow. In light of this warning, the Uttarakhand Police have issued a safety advisory for pilgrims undertaking the Chardham Yatra. Pilgrims are advised to exercise caution while travelling, consider the weather conditions, and call 112 in case of any emergency." Authorities are working to ensure public safety and minimise disruptions," said the police authorities. In light of the forecast, the Uttarakh ...Read More >
Noida: Police on Tuesday arrested more than 160 protesting farmers, including the president of Bharatiya Kisan Parishad Sukhbir Yadav 'Khalifa', who were holding a sit-in at the 'Dalit Prerna Sthal' in Noida after their march to Delhi on land compensation and other demands was stopped a day earlier. The protesters, who had gathered in Gautam Buddh Nagar from different parts of Uttar Pradesh on Monday on the call of Samyukta Kisan Morcha (SKM), had threatened to resume their march to the national capital if their demands were not met within a week. Condemning the police action, the SKM said it ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
New Delhi, Dec 18 (PTI) The Rashtrapati Nilayam, one of the two presidential retreats, in Telangana's Secunderabad will host a 15-day flower and horticulture festival, 'Udyan Utsav', from December 29. People could make themselves aware about the innovation and technological development in agriculture and horticulture by visiting thematic stalls and participating in the workshops, according to an official statement issued on Wednesday. The Udyan Utsav, organised in collaboration with the Department of Agriculture and Farmers Welfare, the National Institute of Agricultural Extension Management ...Read More >
Guwahati, Jan 31 (PTI) The Gauhati High Court has issued notices to the Assam government and its various departments over rampant rat-hole coal mining and asked them to furnish what steps they have taken to stop the unlawful activity. Taking suo motu cognizance of the Dima Hasao coal mining tragedy, the high court registered a public interest litigation on Monday and issued notices the next day to seven government departments, including the office of the chief secretary. "The court has taken note of various reports which suggest that around more than 200 rat-hole mines are in operation in Um ...Read More >
New Delhi, June 1 (IANS) The PM SVANidhi scheme, which started off as a micro-credit scheme during the Covid-19 pandemic, to help the street vendors and small businesses survive and sustain their ventures in trying times, has another side to it. Many beneficiaries, who got funds under this scheme, utilised it to build lasting enterprises, [...] Andhra launches efforts to evacuate Telugus stranded in Sikkim Amaravati, June 1 (IANS) The Andhra Pradesh government has initiated measures for the evacuation of Telugu families stranded in Sikkim due to floods and landslides. The state government sa ...Read More >
Mumbai, Dec 17 (PTI) Agri-solutions provider Coromandel International and Mahindra and Mahindra's farm equipment sector business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive. Currently operational in seven key states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh, Gromor Drive's operations are supported by RPTO-trained pilots, according to a joint statement. Coromandel's drone services are positioned in the market through the support of its subsidiary, Dhaksha Unmanned Sy ...Read More >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...Read More >
Agartala, Jan 31 (VOICE) Tripura has 73 per cent reserve forest cover and absorb huge carbon from the atmosphere, Tripura Chief Minister Manik Saha said, adding that keeping this in mind, the state government has sought 20 per cent devolution of taxes in the forests and ecology category to the 16th Finance Commission, which is now visiting the state.The 16th Finance Commission headed by its Chairman Arvind Panagariya arrived in Tripura on Wednesday on a four-day visit to the state and held a series of meetings with the Tripura council of ministers headed by the Chief Minister. The Commission ...Read More >
New Delhi, May 27 (PTI) The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machine ...Read More >
Ranchi, Dec 12 (PTI)The Jharkhand Assembly on Thursday passed the second supplementary budget of Rs 11,697.45 crore for the 2024-25 fiscal. After this, the four-day session of the assembly was adjourned sine die by Speaker Rabindra Nath Mahato. Finance Minister Radhakrishna Kishore tabled the second supplementary budget, allocating a maximum outlay of Rs 6,390.55 crore to the women, child development and social security department to boost the government's flagship scheme Maiyan Samman Yojana. Under this scheme, the state government initially provided Rs 1,000 per month to women between the ...Read More >
Kolkata: On the 13th day of teachers' protest outside Bikash Bhavan, the protesting teachers split among themselves and formed a new platform. At least 2,500 protesters stood by the chief minister, as stated in a press conference by education minister Bratya Basu on Monday. Reacting to a question from media, Basu said in Titagarh, "I will trust those who have written to me expressing their faith in the chief minister."The new organisation formed was named the West Bengal Untainted Teachers Associ ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...Read More >
Thiruvananthapuram, Dec 17 (PTI) CPI(M) MP and former Kerala Minister K Radhakrishnan on Tuesday attributed the non-availability of an ambulance to transport a tribal woman's body to a failure by lower-level officials and assured appropriate action against those responsible. Radhakrishnan said the state has "sufficient facilities and systems in place" to handle such situations, but incidents like this occur when officials fail allegedly to act promptly. "The state government will intervene effectively in the matter. Appropriate action will be taken against those who failed to perform their d ...Read More >
Bhopal, Dec 18 (PTI) Congress MLAs demonstrated on Wednesday in the Madhya Pradesh assembly premises by holding kettles and tea cups alleging rising unemployment in the state. The MLAs held placards accusing the state government of forcing youngsters to sell tea by depriving them of jobs. Also Read | 'Mukadma, Mulzim, Ilzam, Ittila, Chashmdeed': BJP Government in Rajasthan To Replace Urdu Terms in Policing With Hindi Words. "Unemployment is growing in MP. Youths will have no option but to sell tea in such a situation," the leader of the opposition Umang Singhar, who led the protest on the t ...Read More >
Chandigarh, Jan 2 (PTI) Punjab Chief Minister Bhagwant Mann on Thursday claimed that the Centre was trying to"bring back" the now-repealed farm laws, referring to the newly announced draft of the National Policy Framework on Agricultural Marketing. The AAP-led Punjab government has termed the newly announced draft policy as an attempt to reintroduce the three central agricultural laws passed in 2020 "through backdoor." After a yearlong protest by farmers, the Centre had repealed the laws. Speaking to reporters here, Mann also stated that the demands of the protesting farmers pertain to the c ...Read More >
Ranchi, Feb 5 (PTI) The Hemant Soren government on Wednesday said the state has received investment proposals to the tune of Rs 26,000 crore, having the potential of generating 15,000 jobs, during 'Advantage Jharkhand' programme held as part of Bengal Global Business Summit (BGBS) in Kolkata. Soren, along with his wife and MLA Kalpana, attended the eighth edition of the Bengal Global Business Summit (BGBS) at the invitation of West Bengal Chief Minister Mamata Banerjee. "Investors have come up with investment proposals to the tune of Rs 26,000 crore in Jharkhand during 'Advantage Jharkhand' ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
Koraput, Dec 6 (PTI) Thirty-six-year-old Raimati Gheuria, a tribal woman from Odisha's Koraput district who has conserved 72 varieties of traditional rice and 30 types of millet has been conferred with an honorary doctorate by Odisha University of Agriculture and Technology (OUAT) for her remarkable contributions to agriculture. President Droupadi Murmu conferred the honorary doctorate to Raimati at the 40th Convocation of OUAT on Thursday. Raimati of Nuaguda village in Koraput district, affectionately known as 'Mandia Rani' or 'Millet Queen', has been known for her relentless efforts in pre ...Read More >
Aryan Meena, who lived in the Dausa district of Rajasthan state, was trapped in the narrow well for three days after falling into it while playing on Monday afternoon. The boy, wearing pants and a t-shirt, had to endure plummeting winter temperatures inside the well as well as hunger and thirst. Children and even adult people dying from falling into open borewells is not uncommon in rural India where they are dug to pump water for irrigation and drinking and left abandoned after they run dry. ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >