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.
Kolkata, July 8 (SocialNews.XYZ) The West Bengal government and the West Bengal School Service Commission (WBSSC) on Tuesday separately challenged the order of the Calcutta High Court's single-judge bench directing the commission to exclude candidates already identified as "tainted" from the fresh recruitment process for filling up teaching posts in state-run schools lying vacant following a Supreme Court order cancelling 25,753 jobs in April this year. On Monday, the single-judge bench of Justice Saugata Bhattacharya stated that the candidates already identified as "tainted" should be excluded from the fresh selection process and also said that if any such candidate who had already been identified as "tainted" had submitted his application for the fresh recruitment process, his application should be summarily rejected. However, the single-judge bench did not entertain the contention of the petitioners against the two new weightage criteria introduced in the fresh recruitment notification carrying 10 marks each, first under the head of "prior teaching experience" and the second under "lecture demonstration". The contention of the petitioners was that the procedure to be followed in the fresh recruitment process should be the same as that followed in 2016, the entire panel of which was cancelled by the Supreme Court in April this year. Following this, the petitioners challenged the single-judge bench's order. In the fresh petition, the petitioners have argued that since the entire recruitment process in the panel of 2016 was termed as illegal by the Supreme Court in April, then why those teachers whose jobs have been cancelled would be allowed to take advantage of the two new weightage of "prior teaching experience" and "lecture demonstration". The petitioners claimed that the fresh recruitment process should provide a level playing field for all eligible candidates. They also argued that the new weight criteria would put the fresher candidates at a disadvantage in the fresh recruitment process. On the other hand, the state government and the WBSSC approached the high court challenging that part of the single-judge bench order which directed the exclusion of identified "tainted" candidates from the fresh recruitment process. This means that the single-judge bench order has been challenged twice, but on different grounds. Both the petitions challenging the single-judge bench order were filed at the division bench of Justice Soumen Sen and Justice Smita Das. Both the petitions have been admitted.
New Delhi, Dec 4 (PTI) "On the face of it you are a corrupt person. Crores of rupees were recovered from your premises," the Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. "On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. Wha ...Read More >
Kolkata, Jan 21 (VOICE) The West Bengal government on Tuesday approached the Calcutta High Court, challenging the special court's verdict sentencing Sanjay Roy, convicted in the rape and murder of a junior doctor of state-run R.G. Kar Medical College and Hospital, to life imprisonment. State Advocate General Kishor Datta has approached the division bench of Justice Debangshu Basak and Justice Shabbar Rashidi seeking a "death penalty" for the convict. The division bench has admitted the petition from the state government. After the court pronounced the quantum of sentence, Chief Minister Mama ...Read More >
New Delhi, Jun 6 (PTI) The Supreme Court on Friday cancelled the bail granted to former Karnataka minister Vinay Kulkarni in connection with a 2016 case related to the murder of BJP worker Yogesh Gowda. A bench of justices Sanjay Karol and Satish Chandra Sharma passed the order while noting that there was sufficient material on record to suggest that attempts were made by Kulkarni to either contact the witnesses or alternatively, influence them. "Keeping in mind the totality of circumstances, this court is of the considered opinion that the bail granted to the respondent (Kulkarni) ought to ...Read More >
Berhampur (Odisha), Jun 6 (PTI) Environmental activist Medha Patkar on Saturday appealed to the people of Odisha for protection of Rushikulya river. The government planned to construct a dam in the river Pipalapnaka under Sorada block in the district. While participating in the Save Rushikulya river movement in Ganjam district, she said, "Rivers may be small or big, but they are our mother. We have to protect the rivers from attacks." She attended a meeting were organised by the Rushikulya Banchao Kriyaanusthan Committee (RBKC) and the Centre for Climate Justice, spearheading the agitation a ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Kolkata, Jun 28 (PTI) Union Minister Ashwini Vaishnaw on Saturday said the Centre is committed to investing in the railway sector in West Bengal and has significantly increased allocations as part of its broader push to boost connectivity, cargo movement and support micro and small enterprises in the state. Speaking at the inauguration of the Udyami Sammelan Mela 2025 at the National Library in Kolkata, Vaishnaw said the railway budget for Bengal has seen a sharp rise from around Rs 3,000 crore under the previous regime to around Rs 14,000 crore now. The minister outlined upcoming projects, ...Read More >
KOLKATA: The Calcutta high court on Friday directed protesting teachers and other staff of West Bengal government-run and -aided schools, who lost their jobs due to a Supreme Court ruling, to shift their protest venue in the interest of public convenience.The court also limited the number of participants to 200 at any given time.Hearing petitions filed by the Deserving Teachers Rights Forum, under whose banner the protest is being organised, and the state government, Justice Tirthankar Ghosh ordered the protesters to move to Central Park in Salt Lake, located opposite Bikash Bhavan, the state' ...Read More >
Meghalaya government introduced the Draft Meghalaya Film Tourism & Creative Media Policy 2025. Chief Minister Conrad K. Sangma disbursed Hello Meghalaya Grants to local filmmakers. The government aims to empower youth through creative platforms. The film policy offers financial incentives and skill development projects. Public feedback is welcome until June 20, 2025. Guwahati: Meghalaya chief minister Conrad K. Sangma unveiled the Draft Meghalaya Film Tourism & Creative Media Policy 2025 and dis ...Read More >
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will not let any misuse of the official machinery and second, in case any official is found to be misusing ...Read More >
Hyderabad, Jun 28 (PTI) The Telangana government will carefully review the engineering college fees, taking into account the teaching standards, laboratory facilities and other aspects of technical education. In view of a surge in demand for courses like artificial intelligence (AI), which also have a strong impact on the technology sector, Chief Minister A Revanth Reddy wants engineering colleges in the southern state to compete with world-class institutions, according to an official release on Friday. For this, the Congress government in the state is planning to create a new system so that ...Read More >
Hyderabad, Jun 28 (PTI) Telangana Chief Minister A Revanth Reddy on Saturday said the state government would make efforts to generate lakhs of jobs by establishing IT companies on the 400-acre land parcel next to the University of Hyderabad here. He also said the government will fight in the courts to reclaim the land. A row had erupted over tree felling on the 400-acre land in April this year. The Supreme Court had then rapped the Telangana government over its rushed action to fell trees on the land parcel and directed it to submit a specific plan to restore the 100 acres of deforested land ...Read More >
Kolkata, Jan 22 (VOICE) West Bengal government's hyperactive approach in seeking the death penalty for the RG Kar case convict is surely politically motivated, the father of the victim woman doctor said on Wednesday. The state government had moved to Calcutta High Court challenging the verdict of a special court in Kolkata on January 22 sentencing Sanjay Roy to life imprisonment and also seeking the death penalty for the sole convict. On Wednesday, the victim's father said that although they also want the death penalty for Roy, they feel that the state government's hurried approach to seekin ...Read More >
Kolkata, June 6 (SocialNews.XYZ) The Special Investigation Team (SIT) of the West Bengal Police probing the murder of Hargobindo Das and Chandan Das, the father and the son killed in the Murshidabad violence in April this year, has filed the charge sheet in the matter on Friday. A total of 13 people have been named as accused in the killings of the father and son in April this year at Samserganj in Murshidabad district when communal violence and riot-like situation broke out there after protests against the Waqf (Amendment) Act turned violent there. The charge sheet has been filed exactly on ...Read More >
Dehradun: The Uttarakhand State Election Commission (SEC), on June 21, issued a notification for the three-tier panchayat elections in 12 districts except Haridwar. Polls would be held in two phases, and the district election officers will issue notifications on June 30. The first phase will be conducted on July 24, followed by the second phase on July 28. The counting for all phases will be conducted by July 31. Earlier, the Uttarakhand High Court had stayed the panchayat elections in the state on June 23, at a time when it had already been notified by the SEC. Elections will be held in 89 ...Read More >
Hyderabad, Jun 28 (PTI) Telangana Chief Minister A Revanth Reddy on Saturday said the state government would make efforts to generate lakhs of jobs by establishing IT companies on the 400-acre land parcel next to the University of Hyderabad here. He also said the government will fight in the courts to reclaim the land. Also Read | Indian Astronaut Shubhanshu Shukla Describes Life on ISS During Video Interaction With PM Narendra Modi, Says 'From Here, We See Sunrise and Sunset 16 Times a Day' (Watch Video). A row had erupted over tree felling on the 400-acre land in April this year. The Supr ...Read More >
Kolkata: The number of Bangladeshi released prisoners languishing in correctional homes across the state has come down to 179 -- as of Jan 1, 2024 -- compared to 495 in 2011. According to the West Bengal Correctional Services data, there were 212 released foreign nationals or 'jankhalash' -- 136 men and 76 women -- in correctional homes in the state as of Jan 1, 2024, out of which 179 were from Bangladesh. Most of these foreigners were lodged in Dum Dum Central Correctional Home (171), while the rest were in Berhampore CCH (24), Jalpaiguri CCH (16), and Presidency CCH (1). On Jan 30, the Sup ...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 27 (PTI) Karnataka High Court on Friday set aside two criminal cases filed against BJP leader and former Chief Minister Basavaraj Bommai, which alleged he made objectionable remarks during a protest rally criticising the Waqf Board and the state government over alleged encroachment on farmers' and temples' properties. Justice S R Krishna Kumar, delivering the order, allowed Bommai's plea to quash the proceedings that had been initiated by Shiggaon police under Section 196(1)(a) of the Bharatiya Nyaya Sanhita (BNS), which pertains to promoting enmity between different groups on ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
Kolkata: BJP on Saturday criticised urban development minister Firhad Hakim over a video where the Kolkata mayor is purportedly heard making a comment on minorities. Hakim had made the comment while addressing an educational conference recently. Hakim said BJP was using his quote out of context and he was only referring to the gulf between the educated and the uneducated. "As education spreads, the gulf will be bridged and there will be one identity," said Hakim. Saying that he would never play ...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 >
Patna: BJP's West Bengal in charge and Bihar's health and law minister Mangal Pandey on Wednesday claimed that a three-member committee appointed by the Calcutta High Court had exposed the Mamata Banerjee govt and implicated Trinamool Congress (TMC) leaders in the Murshidabad violence, in which three people, including a father-son duo, were brutally killed during protests against the waqf law last month.The committee, tasked with probing the Murshidabad incident, highlighted serious lapses by the ...Read More >
Kolkata, May 23 (PTI) The Calcutta High Court on Friday directed protesting teachers and other staff of West Bengal government-run and -aided schools, who lost their jobs due to a Supreme Court ruling, to shift their protest venue in the interest of public convenience. The court also limited the number of participants to 200 at any given time. Hearing petitions filed by the Deserving Teachers Rights Forum, under whose banner the protest is being organised, and the state government, Justice Tirthankar Ghosh ordered the protesters to move to Central Park in Salt Lake, located opposite Bikash B ...Read More >
Kolkata, June 26 (SocialNews.XYZ) The Calcutta High Court on Thursday directed the parents of the junior woman doctor of state-run R.G. Kar Medical College & Hospital in Kolkata, found raped and murdered within the hospital premises in August last year, to approach the trial court in the city where the matter is being heard in a parallel manner for permission to survey the crime scene. Earlier this week, the victim's parents made an appeal to the High Court's single-judge bench of Justice Tirthankar Ghosh with two pleas, the first being a fast-track hearing in the matter and the second being ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
New Delhi, Jun 28: The Supreme Court has ordered immediate release of a law student in Madhya Pradesh from preventive detention after being booked under the National Security Act (NSA), saying it is "wholly untenable". A bench of Justices Ujjal Bhuyan and K Vinod Chandran, which found fault with the July 11, 2024 detention order passed by District Magistrate of Betul in Madhya Pradesh said it will be passing a detailed reasoned order in the case. Petitioner Annu was booked by police following an altercation at a university campus in Betul, allegedly after he clashed with a professor. An FIR wa ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...Read More >
New Delhi: The Supreme Court has held the Aircraft Act was "a complete code" to deal with the safety and security of civil aviation and aerodromes whereas the state police could only forward probe material to the authorised officer to decide on lodging a complaint. The significant verdict, ruling out any significant role of state police in dealing with the airport violations cases, came from a bench comprising Justices A S Oka and Manmohan on an appeal of the Jharkhand government. The state government challenged the Jharkhand High Court judgement which quashed the FIR against BJP MPs Nishika ...Read More >
Hyderabad: The Telangana Waqf Board is yet to begin geo-tagging waqf properties on the UMEED portal, which the Central government launched following the implementation of the Waqf Amendment Act. The board said it is waiting for the Supreme Court's verdict. The Unified-waqf Management, Empowerment, Efficiency and Development (UMEED) will serve as a centralised digital platform for real time uploading, verification, and monitoring of waqf properties. Telangana Waqf Board chairman Azmattullah Husseini said the Centre should have waited until the Supreme Court verdict on the Waqf Amendment Act. ...Read More >
The Nainital High Court on Friday cleared the path for Panchayat elections in Uttarakhand by lifting the interim stay it had earlier imposed, offering a much-needed breather to the Pushkar Singh Dhami-led state government and the state Election Commission. After examining the petitions and the documents submitted by the state in a key meeting on Friday, the high court granted interim relief to the government, allowing it to proceed with the much-anticipated three-tier panchayat elections. However ...Read More >