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.
Why Is Indian Railways Called Indian Railways, Not Indian Railway? UPSC-Level Question Solved India's Domestic Air Passenger Traffic: India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday. In the first half this fiscal (H1 FY25), the domestic air passenger traffic stood at 79.3 million, witnessing a YoY growth of 5.3 per cent, partly impacted by the severe heat waves and other weather-related disruptions, according to credit rating agency ICRA. The international passenger traffic growth for Indian carriers expanded and was healthier at 16.2 per cent in H1 FY25. This momentum is expected to continue for the balance part of FY25 as well, reaching an estimated level of 34-36 million for the full year, representing a YoY growth of 15-20 per cent. ICRA has maintained its stable outlook on the Indian aviation industry, amidst the continued growth in domestic and international air passenger traffic. The spread between revenue per available seat kilometre and cost per available seat kilometre (RASK-CASK) saw some moderation in H1 FY25 over FY24 due to higher fuel prices and overall increased costs amid grounding of aircraft, while yields moderated marginally as airlines strove to maintain adequate passenger load factors (PLFs). Nonetheless, the same is expected to pick up in H2 FY25, amid healthy passenger traffic. The industry debt metrics in FY25 are expected to remain stable, with interest coverage of 1.5-2.0x times, the report mentioned. In FY24 and H1 FY25, the share of Indian carriers in international traffic (to and from India) stood at 43-44 per cent. "This offers adequate growth potential for Indian carriers to gain traction in international traffic over the medium term," Shah added. Meanwhile, the percentage of aircraft grounded has reduced from 20-22 per cent in September 2023. As on September 30, the industry had a total fleet of 853 aircraft. There are large aircraft purchase orders announced by various players in the industry and as per the indicative numbers, the total pending aircraft deliveries is around 1,660, which is almost double the current fleet in operations.
The long-term outlook remains positive, supported by strong export potential and a government-led infrastructure push. Source : Freepik Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure. "Given the observed weakness in domestic demand during Q1 FY2026--which is expected to persist into Q2 as monsoon conditions i ...Read More >
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, with only the champion earning a guaranteed spot. All players from the previous camp have been retaine ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
In an e-mail sent to civil aviation minister Ram Mohan Naidu, secretary Samir Kumar Sinha and Airports Authority of India (AAI) chairman Vipin Kumar on Sunday, the Air Traffic Safety Electronics Personnel Association (ATSEPA-India) said the disruption was a result of "technology failure, not manpower shortage," pointing to the obsolete Aeronautical Message Switching System (AMSS) that "lacks redundancy and modern capability." "The recent operational disruptions at Delhi Airport have once again h ...Read More >
New Delhi [India], April 7 (ANI): The ongoing West Asia conflict has put significant pressure on India's aviation sector by impacting airline revenues and increasing operational costs, Civil Aviation Ministry Joint Secretary Asangba Chuba Ao said on Tuesday. Speaking during an inter-ministerial briefing on recent developments in West Asia, Ao said airlines are facing a two-fold challenge due to the crisis, which began over a month ago. "50 per cent of all international operations by Indian carriers used to be to this region. International flights are a good source of revenue for airlines, so ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The three-day Reserve Bank of India's Monetary Policy Committee (MPC) meeting, starting Monday, is widely expected to hold its key policy rate at 5.50 per cent. However, a surprise cut cannot be ruled out amid US trade tariffs and low inflation, according to analysts. The RBI has cut rates by 100 basis points since the start of the year. The MPC meeting is scheduled from September 29 to October 1, where the central bank is expected to review interest rates. Currently, the repo rate stands at 5.5 per cent. The RBI had left the policy rate unchanged in the pre ...Read More >
New Delhi [India], March 30 (ANI): Rating agency ICRA highlighted that the revenue growth of construction players hit a speed bump in 2025-26, with road focussed contractors among the worst hit. The construction sector is likely to witness a muted revenue growth of 2-4 per cent in 2025-26, after an almost flat performance in 2024-25, according to an analysis by ICRA. However, it expects the industry to witness a revenue growth of 6-8 per cent in 2026-27 after two bleak years. Shrinking order bo ...Read More >
Kolkata, Apr 1 (PTI) The escalating West Asia conflict is beginning to exert cost pressure on India's real estate sector, with material prices rising and industry leaders warning of a potential 5 per cent spike in construction costs if hostilities persist through April. Construction schedules are also likely to be affected because of shortage of materials and resources if the conflict prolongs. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, said the crisis is triggering a "classic cost-push cycle" for real estate, with crude oil moving from sub-USD70 levels in February to well above ...Read More >
New Delhi [India], May 19 (ANI): Indian economy is expected to grow at 6.9 per cent in the January-March quarter 2025, the official data for which is scheduled to be released on May 30 by the National Statistics Office, according to rating agency ICRA. ICRA has projected the year-on-year expansion of the GDP to rise to 6.9 per cent in Q4 2024-25 from 6.2 per cent in Q3 2024-25, while significantly undershooting the National Statistical Office's (NSO) implicit estimate of 7.6 per cent for the quarter. Also Read | Operation Sindoor: Shah Rukh Khan Maintains Radio Silence on India-Pakistan Tens ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
MUMBAI: India Inc's credit profile improved in the first half of FY26,with rating upgrades continuing to outpace downgrades across agencies. The improvement in credit profile was driven by resilient domestic demand and govt-driven infrastructure spending, offsetting the drag from escalating US tariffs.Credit rating agencies -- CareEdge, ICRA, Crisil, and India Ratings (Ind-Ra) -- said credit quality remained robust, aided by strong balance sheets, cautious capital allocation, and supportive local conditions.CareEdge's credit ratio (ratio of upgrades to downgrades) improved to 2.6 times in H1, ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a kinetic LED-lit national flag and emblem, according to a statement. Calling the museum a symbol of mo ...Read More >
New Delhi [India], September 26 (ANI): Nitin Gadkari, Minister of Road Transport and Highways, Government of India, today announced the launch of India's first hydrogen highways during Day 2 of the inaugural World Hydrogen India, organized by S&P Global Commodity Insights. Virtually addressing a gathering of global industry leaders, policymakers, and energy experts, Gadkari outlined India's vision to achieve self-reliance in fuel and transform agriculture into an energy powerhouse. Highlighting the urgency of reducing India's dependence on crude imports, currently at 87 per cent of demand and ...Read More >
India's hotel demand is set to outpace supply for the next three years, driving higher prices and occupancies, says ICRA. The rating agency forecasts a 5-6% CAGR in supply vs. 8-10% in demand, with expansion into Tier-II/III cities. Demand for hotels in India is expected to continue to outpace the supply addition, at least over the next three years, rating agency ICRA said Monday, inferring that the demand-supply mismatch augurs well for the pricing environment and occupancies for the key hospit ...Read More >
Gurgaon: The India Meteorological Department (IMD) has issued an orange alert for heatwave conditions in the southern and southwestern parts of Punjab and Haryana from June 9 to 11, warning of a sharp rise in temperatures that could touch 43-46°C in some areas. According to the Meteorological Centre in Chandigarh, maximum temperatures across southern and western Punjab were already hovering between 40°C and 42.6°C on Sunday, with Bathinda recording the highest at 42.6°C. Meanwhile, northern and eastern parts, including Chandigarh, saw temperatures between 37°C and 40°C.IMD forecast that maximu ...Read More >
HYDERABAD: Rating agency ICRA has estimated that the number of Global Capability Centers (GCCs) in India will increase to more than 2,500 in the next five years, creating huge demand for office space. In 2024-25 fiscal, GCCs leased a record 24 million sft of Grade A office space across the top six cities, with their share in total leasing rebounding to 37 per cent from a low of 27 per cent in FY23, the rating agency said in a statement. ICRA projected that GCCs would take on lease 50-55 million square feet of Grade-A office space during FY26 and FY27, potentially contributing 38-40 per cent t ...Read More >
Kolkata, Apr 1 (PTI) The escalating West Asia conflict is beginning to exert cost pressure on India's real estate sector, with material prices rising and industry leaders warning of a potential 5 per cent spike in construction costs if hostilities persist through April. Construction schedules are also likely to be affected because of shortage of materials and resources if the conflict prolongs. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, said the crisis is triggering a "classic cost-push cycle" for real estate, with crude oil moving from sub-USD70 levels in February to well above ...Read More >
A high base, along with inflation risks and interest rate movements, will likely temper demand, while the tractor outlook remains tied to the monsoon and rural incomes India's passenger vehicle (PV) industry growth is expected to moderate to 4-6 per cent in FY27, mainly due to a high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the PV industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, G ...Read More >
New Delhi, April 9: Railways are set to play a key role in driving India's economic growth as the country targets a freight capacity of 3,000 million tonnes by 2030, a report has said. As per the ASSOCHAM-AESCLA report, railways currently account for up to 30 per cent of freight movement, indicating substantial growth potential. It highlighted that the sector is undergoing rapid transformation, driven by initiatives such as Dedicated Freight Corridors and near-complete electrification, which are improving efficiency and sustainability. Indian Railways Announces 5 New Reforms Under 'Reform Exp ...Read More >
Chandigarh: Bearing the brunt of rising temperatures, Punjab -- a key contributor to India's agricultural and industrial output -- is staring at a threat to crop yield and deteriorating air quality, which could lead to endangering public health. These alarming trends were underlined in the report, "Pathways to Net Zero in Punjab: The Critical Role of Non-CO₂ Pollutants," released on Thursday. The fact that Punjab recorded 128 heatwave days between 2010 and 2023, underscores the need for targeted and integrated climate action in the state.Compiled by the Punjab State Council for Science and Tec ...Read More >
CHENNAI: You don't need to break the bank to buy a smartphone that delivers on the features that matter. Whether you're looking for a stellar camera or firepower or AI smarts, there's a whole host of smartphones under Rs 30,000 that can get the job done. We pick five that you should consider: Nothing 3a (Pro): one of our favourite smartphones launched this year, the 3a Pro breaks the clutter with Nothing's design aesthetic and a full-circle camera module that packs the phone's much hyped periscope zoom lens. You also get Nothing's trademark glyphs (3 in total) that surround the circular camer ...Read More >
Mumbai: Reliance Industries Ltd, India's most valuable company, beat estimates to post a sharp growth in revenue and profit for the April-June quarter, on the back of better earnings from telecommunications and retail even as weakness persisted in its crude-based businesses. A significant one-time gain from its divestment from Asian Paints also padded up the bottomline. Commissioning of manufacturing plants in Reliance's new energy business -- on which hinges its growth over the next decade -- is progressing rapidly, as per an investor presentation. Reliance did not disclose timelines for t ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooperation. If our appeals are ignored, we will fight and achieve our goal. I am ready to lead this battl ...Read More >
New Delhi: India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Furthe ...Read More >
New Delhi [India], June 7 (ANI): Delhi police have lodged an FIR against anti-social elements involved in spreading misinformation about the demolition drive on the basis of a complaint filed by the Delhi Urban Shelter Improvement Board (DUSIB), a release said. Chief Minister Rekha Gupta had earlier issued an order to take strict legal action against those spreading misinformation about the demolition drive. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to India, Pleading Reinstatement of IWT, Say Sources. The complaint highlights that a list of 675 JJ Basti ...Read More >
Janmashtami 2025: 7 Iconic Bollywood Songs Dedicated To Lord Krishna That Will Elevate Your Festive Celebrations India is about to take a big leap towards green transport with the upcoming rollout of its first hydrogen train. Railway Minister Ashwini Vaishnaw has today given a peek into the path-breaking loco on social media site X (Earlier Twitter), marking a big step toward greener railways. With this achievement, India stands to be a part of an exclusive club of countries - Germany, France, ...Read More >
New Delhi, Jul 18 (PTI) Vedanta on Friday said rating agencies Crisil Ratings and ICRA have reaffirmed their credit ratings, underscoring continued confidence in the mining major's overall business stability. In a regulatory filing, Vedanta said ICRA Ltd has reaffirmed the company's credit ratings, underscoring continued confidence in Vedanta's overall business stability and healthy financial performance, healthy financial performance and strong adherence to corporate governance. Vedanta said that ICRA has reaffirmed its long-term rating at AA. In another filing Vedanta said, "Crisil Rating ...Read More >
Mumbai (Maharashtra) [India], October 9 (ANI): Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport and unveiled various developmental projects in Mumbai on Wednesday, saying that the new international airport and underground metro are set to transform travel and connectivity in the city. Noting that Mumbai's long wait has ended with the city now receiving its second international airport, the Prime Minister highlighted that this airport will play a major role in establishing the region as one of Asia's largest connectivity hubs. He also remarked that Mumbai has now ...Read More >
New Delhi, [India] December 17 (ANI): Domestic steel demand is expected to remain healthy at around 8 per cent in FY2026; however, continued weakness in steel prices is likely to keep operating margins of steel producers under pressure, according to a report by rating agency ICRA. The report says, the operating environment for domestic steelmakers will remain challenging over the coming quarters amid subdued steel prices, stable but sticky input costs, and an unfavourable global environment. The agency expects industry operating margins to remain largely flat at around 12.5 per cent in FY2026 ...Read More >