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.
Pune (Maharashtra) [India], July 7 (ANI): The Defence Research and Development Organisation has developed a new, powerful howitzer, the Indigenous 155mm/52 Calibre Mounted Gun System, which can quickly shoot and move. The DRDO lab, Vehicle Research and Development Establishment, has developed the MGS. The goal was to develop a fully indigenous system that could operate effectively in challenging terrain and engage enemy targets quickly and accurately. Speaking to ANI, Director VRDE G Ramamohana Rao said, 'This is a 155mm/52 calibre gun. Such guns already exist, but they are towed separately and take time to deploy. Our MGS is different. It is quick, just 80 seconds to deploy and 85 seconds to move. It is fully made in India and can also be exported to other countries' High mobility Artillery was a technology gap that needed to be addressed, for which the Mounted Gun System (MGS) was a viable solution. Accordingly, VRDE has taken up a Technology Demonstrator Project, 'Design and Development of 155mm/52 calibre Mounted Gun System (MGS) based on ATAGS'. The goal of this Technology Demonstrator (TD) project was to design & develop an indigenous Mounted Gun System. The gun system of ATAGS has been adapted to an 8X8 cross-country wheeled vehicle along with stabilisers and a necessary interface structure. State-of-the-art technologies in the area of carrier vehicles, stabilisers, Armoured Cabin, Ammunition handling cranes, on-board power sources and integrated compact electronic controllers have been developed in this project. Mounted Gun System (MGS) is a cross-country truck-mounted heavy artillery gun system (based on ATAGS 155mm/52Cal) with excellent shoot and scoot capability and the highest range of fire in this class. It has been indigenously developed by involving Indian Industries, DPSU, and Premier Academia, under the leadership of DRDO. MGS has high mobility in terms of gradient, side slope, trench crossing, and cross-country capability and can operate in both desert and mountainous terrain. Hence, the advantage of this system is that it can be rapidly deployed, matching the mobility of the mechanised forces, destroy the enemy targets and move out before retaliatory fire occurs. A total of 01 Nos. MGS has been realised through Indian Industries and has undergone proof testing and field trials. Technologies, design, process, and QAP have been finalised, and DcPP has been nominated for the Mounted Gun System. (ANI)
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
Ambala (Haryana) [India], September 29 (ANI): The Indian Army displayed indigenous drones and counter-drone equipment in Ambala, Haryana, on Monday. During the drone showcase, officials from the Indian Army discussed the features of their drone technology. Also Read | Gwalior Shocker: 14-Year-Old Girl Allegedly Raped by 'Friend' at Gwalior Fort Under Pretext of Lift to School in Madhya Pradesh; Investigation Underway. "We have made an electronic fuse that can be used to fire by connecting to any sort of ammunition and can be dropped via drones... This will work depending upon the payload of ...Read More >
Hyderabad: After its pivotal contributions to India's aerospace and defence sectors, Hyderabad is now witnessing a new wave of innovation with pioneering startups such as Skyroot Aerospace and Dhruva Space, deputy chief minister Bhatti Vikramarka said on Wednesday.Speaking at Bioinspired Frontiers 2025, a first-of-its-kind conference held to explore the intersections of biomimicry, space exploration, and sustainable economic development, Bhatti said Hyderabad shaped India's scientific destiny for over half a century. "The govt is committed to providing a supportive regulatory environment, incu ...Read More >
Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka said Hyderabad has long been a hub of science and innovation and was now emerging as a global centre for system design. Speaking at the Bioinspired Frontiers 2025 International Conference on Space Economy, Biomimicry and Extraterrestrial Resources on Wednesday, he invited global research institutions, investors and innovators to collaborate with Telangana, assuring world-class infrastructure and a supportive ecosystem under Chief Minister A. Revanth Reddy's leadership. Welcoming delegates from across the world, he described Hyderabad a ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the behaviour of DTC bus drivers. There have alleged that the buses often fail to stop at the designate ...Read More >
Chandigarh, Sep 29 (PTI) Western Command General Officer Commanding-in-Chief Lt Gen Manoj Katiyar on Monday said punishment to the enemy will be much heavier then before as the Army, during an exercise, demonstrated integration of drones, counter-drone systems and unmanned platforms in live conditions. "In Operation Sindoor, there was lot of use of drones and taking learnings from that, we have strengthened our drone warfare training... The punishment given to the enemy this time will be much heavier than before," Katiyar said while addressing reporters in Naraingarh Field Firing Range in Har ...Read More >
New Delhi, Jun 8 (PTI) A DRDO laboratory has transferred technologies of nine systems, including a mounted gun system and an anti-terrorist vehicle (tracked version), to 10 industry partners, the defence ministry said on Sunday. The licensing agreements were handed over in the presence of the Secretary, Department of Defence Research and Development, and DRDO Chairman Samir V Kamat during an event organised at the Vehicles Research and Development Establishment (VRDE) on Saturday. Also Read | AP EAPCET Results 2025 Declared at cets.apsche.ap.gov.in, Know How To Download Rank Card. In line w ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday approved the fourth tranche of 29 proposals under the Electronics Components Manufacturing Scheme with a projected investment of Rs 7,104 crore, with IT Minister Ashwini Vaishnaw stressing that the industry must build in-house design capabilities and adopt Six Sigma quality standards to avail future support and incentives. The latest tranche includes approval for the Rare Earth Permanent Magnet facility by Lohum Cleantech, entailing Rs 700 crore investment. Slated to come up in Uttar Pradesh, this is the first project related to the manufactur ...Read More >
India's Indigenous Light Tank: A Key Weapon System For High-Altitude Combat Friday, December 13, 2024 by Indian Defence News India's indigenous light tank, Zorawar, represents a significant advancement in the country's defence capabilities, particularly for operations in high-altitude regions. Developed by the Defence Research and Development Organisation (DRDO) in collaboration with Larsen & Toubro (L&T) and supported by various Micro, Small, and Medium Enterprises (MSMEs), the Zorawar is designed to meet the operational demands highlighted during the 2020 standoff with China in Eastern Lada ...Read More >
Nagpur, May 23 (PTI) India's indigenously developed 'Akashteer' air defence system performed "exceedingly well" during 'Operation Sindoor', said Defence Research and Development Organisation (DRDO) chief Samir V Kamat, who expressed confidence that its success will draw international interest. India had deployed the indigenously developed and fully automated 'Akashteer' air defence control and reporting system, which emerged as the invisible force of new war capabilities during Operation Sindoor, launched against nine terror sites in Pakistan and Pakistan-occupied Kashmir. "Definitely, our a ...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 >
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 >
NEW DELHI: The defence ministry has inked a major capital acquisition contract with PSU Bharat Electronics Limited (BEL) for the procurement of two mountain radars, including associated equipment and infrastructure, for the Indian Air Force, at a cost of around Rs 1,950 crore.The installation and commissioning of these radars will boost the country's air defence and strengthen national security. The procurement will also reduce the dependency on foreign equipment.The radars are indigenously designed and developed by DRDO's electronics and radar development establishment, and will be manufactur ...Read More >
New Delhi, April 8 (SocialNews.XYZ) India's ambitious National Quantum Mission has achieved a major breakthrough, building a 1,000-kilometre secure quantum communication network in less than three years of its launch, Union Minister of State Dr. Jitendra Singh said on Wednesday. Launched in October 2024, the mission had set a target of developing a 2,000-km quantum communication network over eight years. Achieving half that distance in under three years is being seen as a major leap, signalling rapid progress in India's quantum capabilities. During the meeting, Dr. Jitendra Singh stressed t ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...Read More >
New Delhi, Jul 9 (PTI) In line with the steps to modernise the Army's artillery regiments and enhance operational readiness, indigenously-made Advanced Towed Artillery Gun Systems (ATAGS) will replace the vintage and smaller calibre guns, with the Defence Ministry on Wednesday calling the project an "exemplary mission mode success". ATAGS is designed by Armament Research and Development Establishment (ARDE), Pune, a laboratory of the Defence Research & Development Organisation (DRDO). Also Read | Volkswagen Reports Electric Vehicles Sales Surge in 2025. The ministry shared a post on X along ...Read More >
India's sovereign artificial intelligence (AI) model is scheduled to be ready before the AI Impact Summit in February 2026, a top IT ministry official announced on Friday. Speaking at the India Mobile Congress 2025, Electronics and IT Secretary S. Krishnan made the timeline public. He indicated that while India was a late entrant to the AI space, the country has rapidly scaled up its compute infrastructure. Krishnan confirmed the ambitious timeline: "Before the end of this year, hopefully, we should have our first foundational model, entirely an Indian foundational model. By the time of the I ...Read More >
The company had logged a net profit of ₹73.33 crore in the same period a year ago. New Delhi: Domestic telecom gear maker HFCL posted a decline of 1.72% in consolidated profit after tax to ₹71.92 crore for the second quarter ended September 30, 2025. The company had logged a net profit of ₹73.33 crore in the same period a year ago. However, HFCL business has shown recovery from loss of ₹29.30 crore in the previous quarter. "The strong recovery in margins and profitability, combined wi ...Read More >
New Delhi [India], October 18 (ANI): The sixth vessel (Named as INS Magdala) in the series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWC) was launched on Saturday at Cochin Shipyard Limited (CSL), Kochi, the Ministry of Defence said in a press release. In keeping with naval maritime tradition, the ship was launched by Renu Rajaram in the presence of Vice Admiral Rajaram Swaminathan, Controller of Warship Production and Acquisition (CWP&A), along with senior officials from the Indian Navy and CSL. This ship is indigenously designed and built by Cochin Shipyard Limited. Deliver ...Read More >
New Delhi, Jul 9 (PTI) In line with the steps to modernise the Army's artillery regiments and enhance operational readiness, indigenously-made Advanced Towed Artillery Gun Systems (ATAGS) will replace the vintage and smaller calibre guns, with the Defence Ministry on Wednesday calling the project an "exemplary mission mode success". ATAGS is designed by Armament Research and Development Establishment (ARDE), Pune, a laboratory of the Defence Research & Development Organisation (DRDO). The ministry shared a post on X along with a video showcasing ATAGS, whose maximum range is 48 km. "We star ...Read More >
India's Defence Self-Reliance Gets Boost: Rajnath Singh Announces Progress On Indigenous Powerful Jet Engine Monday, September 01, 2025 by Indian Defence News India is accelerating its journey towards defence self-reliance with Defence Minister Rajnath Singh announcing concrete progress on the development of a powerful indigenous jet engine, a landmark step in the nation's aerospace and defence sector. Speaking at the NDTV Defence Summit, Singh stressed that dependence on foreign powers for critical equipment is no longer sustainable in the face of rising global uncertainties, protectionist ...Read More >
Naraingarh (Ambala): "The next war will be fought with thousands of drones," said Western Command chief Lt Gen Manoj Kumar Katiyar, as the Indian Army pushes to make drone operation a core skill for every soldier. Lessons from Operation Sindoor, where unmanned systems were deployed extensively, accelerated a doctrinal shift, with drones now treated not as support tools, but as frontline force multipliers.According to Katiyar, drones were used extensively in Operation Sindoor, teaching hard lessons that were folded into training and procurement. "From Operation Sindoor, we learned a lot... That ...Read More >
New Delhi [India], October 27 (ANI): United Arab Emirates (UAE) Land Forces Commander Major General Yousef Maayouf Saeed Al Hallami received a ceremonial Guard of Honour at the South Lawn in New Delhi on Monday, marking the start of his official visit to India. Chief of the Army Staff, General Upendra Dwivedi, was present during the ceremony. Also Read | LTIMindtree Secures Over USD 100 Million Multi-Year IT Deal With Leading US-Based Chemicals and Polymers Manufacturer. In an X post, the Indian Army wrote, " Major General Yousef Maayouf Saeed Al Hallami, Commander of the United Arab Emirat ...Read More >
New Delhi: The defence ministry will take up a Rs 10,000 crore proposal later this month to buy three spy planes from foreign manufacturers for the Indian Air Force to get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other objects. The systems on board on the aircraft -- part of the intelligence, surveillance, target acquisition and reconnaissance (I-STAR) project -- would be indigenous, developed by the DRDO's Centre for Airborne Systems. The development of the I-STAR system would add India to a select cl ...Read More >
New Delhi [India], July 11 (ANI): Defence Research & Development Organisation (DRDO) and Indian Air Force (IAF) successfully conducted the flight-test of indigenous Beyond Visual Range Air-to-Air missile (BVRAAM) 'Astra' equipped with indigenous Radio Frequency (RF) Seeker from Su-30 Mk-I platform off the coast of Odisha on Friday. According to a statement from the Ministry of Defence, during the tests, two launches were carried out against high-speed unmanned aerial targets at different ranges, target aspects and launch platform conditions. In both cases, the missiles destroyed the targets w ...Read More >
New Delhi [India], July 15 (ANI): India is making efforts to diversify its supply on rare earth materials and also establish a robust framework for self-reliance in the critical minerals, which are crucial for the clean energy technology and for electronics sector, sources said. India is not only looking to expand its cooperation with African nations in critical minerals but also countries in South America. It is actively pursuing free trade agreements (FTAs) with resource-rich nations like Chile and Peru to secure rare earth supplies. Simultaneously, the government is pushing for the develo ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
Recently, PM Modi launched nearly 1 lakh towers for state-run Bharat Sanchar Nigam Limited (BSNL), which will provide fourth-generation-backed high-speed mobile services to consumers, including in rural and remote regions. NEW DELHI: Prime Minister Narendra Modi on Wednesday said that the "Made-in-India" 4G stack is ready for exports, demonstrating the country's rising presence in global technology markets. At the inaugural event of the India Mobile Congress (IMC) 2025, PM Modi said the develop ...Read More >
Our youth are continuously making breakthroughs in areas like Artificial Intelligence, Cyber Security, Robotics, Quantum Communication, and Space Technology. Defence Minister Rajnath Singh on Thursday said while some countries adopt protectionist policies and sometimes withhold information on disruptive technologies, India has successfully challenged these barriers and proved that a country can become self-reliant in any field if intentions are clear. India cannot depend on import of technologi ...Read More >