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.
Thiruvananthapuram (Kerala) [India], July 8 (ANI): Kerala Tourism Minister PA Mohammed Riyas on Tuesday said the state government will go ahead with its action plan to support newcomers, especially women, to the tourism sector, aligning with the vision of inclusive and sustainable development of tourism. The Minister was delivering the inaugural address to the state-level consultation workshop to bring out a Gender Inclusive and Women-Friendly Tourism Policy as part of the women-friendly tourism initiative here. The workshop was organised by the Department of Tourism in collaboration with Kerala Responsible Tourism (RT) Mission Society and UN Women India. The two major objectives of the gender-inclusive project that took off in 2022 were to create women-friendly tourism centres and create a network of women enterprises in the tourism sector, the Minister said. 'It is vital to extend support to the newcomers to the tourism sector, especially women, to ensure that they flourish in the competitive ecosystem,' Riyas said. 'Initially, around 17,631 women had joined the project with diverse enterprises and services. These included exclusive women tour units, homestays, souvenir units and services like community tour leaders and tour operators. After imparting training to them, tourism activities are being conducted in a coordinated manner,' he said. The government also has allotted funds for the women's ventures through RT's subsidy scheme, Riyas said. The Minister said Kerala Tourism's women-inclusive project was greatly appreciated by the UN Women India, which also extended technical support in areas like destination safety, gender audit and training programmes. Riyas said Kerala was the first state to conduct a gender audit in the country. This has been completed in six centres and will be held in another 14 tourism centres this financial year. Also, a safety audit has been completed in 68 tourism spots, and activities are in full swing to implement women-friendly initiatives there. Holding that the women-friendly initiative will help overcome the challenges in the sector, Riyas said post-COVID-19, the state clocked a record in domestic tourists' arrival while outpacing other states in the national average of foreign tourists' arrival. In her opening remarks, Kerala Tourism Director Sikha Surendran said the women-friendly initiative of the state has become a global model for others to emulate it. 'Apart from firming up Kerala's position on the global tourism map as an all-season experiential destination, our RT initiative has brought significant benefits to the local communities, especially women as its major stakeholders,' she noted. S K Sajeesh, Chairman, Kerala Tourism Infrastructure Ltd (KTIL), presided over the function. A panel discussion followed the inaugural session. In her keynote address, Kanta Singh, Country Representative, UN Women, India, said Kerala has been showing the way for the country in many things, and it is a privilege to partner with the state government and the RT project to do more for women in the tourism sector. In his presentation of a framework for Gender Responsive Tourism Policy, K Rupeshkumar, CEO, Kerala RT Mission Society, said the upcoming policy will lay down guidelines for implementation, monitoring and evaluation of gender inclusive practices. 'The major objectives of the policy include fostering women's participation in the tourism industry, ensuring safety and security and women's empowerment,' he said. It will also address such issues as workplace practices, ensure safe work environments for employees and development of inclusive and accessible infrastructure and services in destinations. Rupeshkumar added an action plan for the implementation of each component of the policy will be worked out as a backup for the policy. The Gender Inclusive Tourism Policy will include stakeholders like tourism entrepreneurs, tour operators, hotels, local communities, tourists from diverse backgrounds, especially women. Mini Sukumar, Member, Kerala State Planning Board & Governing Body Member, The Gender Park, said a positive transformation has happened in the tourism sector after the implementation of a women-friendly initiative. S Swaminathan, Secretary, Kerala Travel Mart Society, and Jose Dominic, Founder, CGH Earth, also spoke. The speakers at the panel discussion included Veda Bharadwaja, Country Programme Manager, UN Women India and Dr Peeja Rajan, State Coordinator, UN Women India. (ANI)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
New Delhi, Nov 26: A day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. 1. What is PAN 2.0? PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this pr ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision. Ambuja Cements will significantly reduce its fossil fuel dependence by harnessing renewa ...Read More >
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, including its New Zealand and Middle Eastern operations. The acquisition is financed through a combin ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the Mahayuti government. BJP's Central Observers for the state, Union Minister Nirmala Sitharaman and Vijay Rupani were also present at the meet. Also Read | Stock Market Today: Indian Stock Market Ends in Green, All Eyes on RBI's MPC Decision on Repo Rate. Fadnavis is scheduled to take oath as the Chief Minister on December 5 after being unanimously chosen as Leader of Maharashtra BJP Legislati ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) signed a Memorandum of Understanding with Young India Skill University (YISU) to enhance aviation skill development for the youth of Telangana. The partnership will provide various aviation training programs and certifications, specially designed to strengthen workforce skills and meet the growing demands of the aviation industry. The YISU is an initiative by Telangana Telangana aimed at addressing skills and employability gap within the state and nation. This futuristic initiative aligns with the state's strategic vision to stren ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Hyderabad, December 4: After an earthquake of 5.3 magnitude hit the Mulugu district of Telangana on Wednesday morning, Dr Prakash Kumar, Director of CSIR-NGRI said that the state capital is generally considered as a stable and low-risk area for seismic activity, making an earthquake of this magnitude rare for the region. The official said that since Hyderabad is not in a major seismic zone, such an event may not pose immediate cause for alarm, but it is still valuable to monitor the scientific background behind it. Earthquake in Telangana: Quake of Magnitude 5.3 on Richter Scale Hits Mulugu, ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...Read More >
day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this project, ITD is consolidating all processes ...Read More >
Bengaluru, November 27, 2024: SuperGaming's highly anticipated Indo-futuristic Battle Royale game, Indus, has achieved a significant milestone, surpassing 5 million downloads on the Google Play Store and over 100,000 installs on the iOS App Store. This remarkable feat solidifies its position as one of India's fastest-growing games. The title has also been recognized as the Best Made in India Game by Google Play in their prestigious Best of 2024 awards. Indus has captivated players with its distinctive Indo-futuristic world setting that seamlessly blends Indian culture with futuristic aestheti ...Read More >
Hindustan Power, under Chairman Ratul Puri, has implemented a CSR initiative to combat water scarcity in rural Uttar Pradesh by installing hand pumps. This program, part of a broader corporate commitment, has significantly improved access to clean water and quality of life for underserved communities since 2022. Hindustan Power, led by Chairman Ratul Puri, is making significant strides in addressing water scarcity in rural Uttar Pradesh through its innovative CSR initiative. Launched in 2022, this program installs hand pumps in water-stressed villages, ensuring clean water for thousands of un ...Read More >
New Delhi [India], December 5 (ANI): Jitender Singh Shunty, a Social activist and Padma Shri awardee joined Aam Aadmi Party (AAP) in the presence of the Party's National Convener Arvind Kejriwal on Thursday. Jitender Singh Shunty is also the founder of Shaheed Bhagat Singh Sewa Dal (SBS) Foundation. Upon officially joining the party, Kejriwal expressed his admiration for Jitender Singh Shunty's significant contributions to society during the challenging times of the COVID-19 pandemic. He highlighted Shunty's dedication and efforts in supporting those in need and commended his commitment to ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...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 >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...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: Chaos erupted in political circles after Rajya Sabha Chairman Jagdeep Dhankhar informed the house on Friday that a bundle of cash was found on a seat allotted to senior Congress leader Abhishek Manu Singhvi. "I hereby inform the members that during the routine anti-sabotage check of the chamber after the adjournment of the House yesterday. Apparently, a wad of currency notes was recovered by the security officials from seat number 222 which is presently allotted to Abhishek Manu Singhvi, elected from the state of Telangana..The matter was brought to my notice, and I made sure an in ...Read More >
Samsung's facing a lot of crises and the company has unable to chart a clear path forward, particularly in the semiconductor market, where its foundry is lagging behind, its next-gen memory products are struggling to compete against SK Hynix, and legacy products are under pressure from Chinese companies. The company does a significant employee reshuffle across the entire organization every year. The process has started a bit earlier this time around as there's very much a sense of urgency to improve things. The reshuffle has reportedly seen some senior executives being fired as well. Samsung ...Read More >
Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >
Mumbai (Maharashtra) [India], November 28: Pioneering furniture fittings solutions brand Hettich India is proud to announce that it has been officially certified as a Great Place to Work, a recognition that celebrates the company's unwavering commitment to creating an ecosystem where everybody thrives. Also Read | Diljit Dosanjh Concert in Kolkata 2024: Planning to Attend Dil-Luminati Tour, Don't Miss These 5 Must-Try Local Foods. This honor is especially meaningful, with an overwhelming 95% participation from employees helping Hettich India. It reflects a shared commitment to creating a fam ...Read More >
Mumbai (Maharashtra) [India], November 29: Dr. Bharat Agravat (https://www.drbharat.agravat.com), renowned dentist and implantologist along with being an award-winning medical entrepreneur, is set to launch its flagship OLI Therapy services for the treatment of Oral Submucous Fibrosis in Mumbai soon at OSMF Clinic. His son, Dr. Kartavya Agravat, CEO of Dr. Agravat Healthcare Ltd, will assist him in this service. With the original chamber being in Ahmedabad, residents will now be at great advantage in receiving advanced oral care right there in Mumbai from the very hands of one of India's best ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted a ...Read More >
American entrepreneur Bryan Johnson, known for his quest to reverse aging, experienced the effects of Mumbai's air pollution during his India tour. Promoting his book Don't Die, Johnson detailed his discomfort despite using air purifiers and masks. He adhered to his rigorous health routine, carrying all his meals and supplements for the six-day trip. The visit included an exclusive meetup with prominent figures like Zomato CEO Deepinder Goyal, showcasing his dedication to health and longevity advocacy.Bryan Johnson, the American entrepreneur renowned for his anti-aging mission, has drawn atten ...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 >