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.
NEW DELHI: Dassault Aviation on Tuesday denied its CEO Eric Trappier made any "operational or technical" comments regarding any loss of Rafale during Op Sindoor."In response to certain press reports quoting Dassault Aviation Chairman & CEO, Eric Trappier, about the Sindoor operation, Dassault Aviation formally denies Eric Trappier has made any operational or technical comments regarding the use of Rafale in this operation," Dassault said in a statement Tuesday. Earlier, a French website had quoted him in an interview saying there was "loss of one aircraft, without enemy contact, due to a technical failure at high altitude, which is under investigation".
Bengaluru (Karnataka) [India], July 8 (ANI): Bharatiya Janata Party MP Tejasvi Surya on Tuesday took a swipe at the Karnataka government while responding to a journalist's post on 'X', which highlighted the state's financial condition. Slamming the Congress-led Karnataka government, Tejasvi Surya said that the condition of contractors working in the state government is "deplorable" and that contractors are not only being harassed for "cut money" but have also been waiting for payment for years. Also Read | Himachal Pradesh Rain Fury: Meteorological Department Warns of Flash Flood in 7 Distri ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning i ...Read More >
AFP | New Delhi Email : editor@newsofbahrain.com India yesterday signed a $7 billion order for 97 domestically designed and built Tejas fighter jets as its air force retires its outgoing Russian MiG-21 jets after decades of use. The first Tejas jets -- meaning "brilliance" in Hindi -- were commissioned into the airforce in 2016, with the latest commission for the fourth-generation version of the fighter, Mk-1A. India has made the modernisation of its forces a top priority, and made repeated pushes to boost local arms production. India's Ministry of Defence said it had "signed a contract w ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Jamshedpur : XLRI - Xavier School of Management, Jamshedpur, signed a Memorandum of Understanding (MoU) with Accenture to forge a long-term partnership aimed at fostering deeper collaboration between academia and industry. This milestone agreement was signed during Accenture's visit to the XLRI campus and marks a new chapter in the enduring relationship between the two institutions. The MoU was signed in the presence of senior leadership from both sides, including- Fr. S George, Director, XLRI, Prof. Kanagaraj A., Convenor - Placements and Professor of Finance, Prof. Sanjay Patro, Dean - Acad ...Read More >
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (elect ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth Office mentioned in a letter that the Indian govt had sought British advice over a plan to remove Si ...Read More >
India signed a 623.70 billion rupee ($7 billion; €6 billion) contract with national aircraft manufacturer Hindustan Aeronautics (HAL) on Thursday to modernize its armed forces. The deal involves the acquisition of 97 Tejas Mk-1A fighter jets that would be made in India. "This contract reflects the trust and confidence of the government and the armed forces in the indigenously developed aircraft Tejas, which will be the mainstay of the [Indian Air Force] in the years to come," wrote India's Defense Minister Rajnath Singh on the social media platform X. The order was announced a day before th ...Read More >
Srinagar, Oct 13 (SocialNews.XYZ) Jammu and Kashmir Lt. Governor Manoj Sinha on Monday highlighted the importance of lifelong learning skill and community engagement for institutions of higher learning. The L-G chaired the 36th meeting of Executive Council of Shri Mata Vaishno Devi University, at Raj Bhawan. The Executive Council discussed several important academic and administrative issues and gave in-principle approval to various agenda points presented during the meeting. The Lieutenant Gov ...Read More >
Intel failure on range of China-made PL-15 missile central to downing of India's Rafale jet-sources * Shootdown of Rafale had raised questions about effectiveness of Western hardware against Chinese alternatives * Pakistan claims successful electronic warfare assault though India disputes scale * Outcome of the battle ignites interest from other countries in purchasing Chinese fighter jets By Saeed Shah and Shivam Patel ISLAMABAD/NEW DELHI, August 2 (Reuters) - Just after midnight on May ...Read More >
RTP Global leads the $25 million round as Apple, JPMorgan Chase, Toyota, Deutsche Telekom, BHP and Crédit Agricole turn to Kestra to orchestrate mission-critical workflows across data, AI and infrastructure. NEW YORK, March 31, 2026 /PRNewswire/ -- Kestra, the open-source orchestration platform unifying data, AI, infrastructure and business workflows, today announced a $25 million Series A funding round led by RTP Global, with continued participation from Alven, ISAI and Axeleo. The round bring ...Read More >
- Renewed homepage of Samyang's industrial water treatment solution brand, 'TRILITE' ... Featuring AI chatbot 'TRIGENT' and Design programs 'TriAngle' - Providing tailored and technical information to the user's queries ... Service available in over 100 languages. - Innovative Water Treatment Design Softwares... Ion Exchange Resin and RO membrane SEOUL, South Korea, Nov. 26, 2024 /PRNewswire/ -- Samyang Corporation (CEO Kang Ho-sung) introduced its new website for its water treatment solutions brand, 'TRILITE' (http://www.samyangtrilite.com), along with the launch of an innovative Artificia ...Read More >
New Delhi: In a major revelation two months after the Operation Sindoor, Dassault Aviation chairman and CEO Eric Trappier has rejected Pakistan's claim of shooting down Indian Rafale fighter planes. Speaking to French website Avion Chasse, Trappier also said that while India lost one Rafale, the jet was not lost during combat but due to technical reasons. Notably, the Pakistan Air Force had claimed to have downed five Indian Air Force fighter jets on May 7. The PAF claimed that it shot down three Rafales using Chinese PL-15E missiles launched using the J-10C multi-role combat aircraft. Howev ...Read More >
BENGALURU, India, Dec. 16, 2025 /PRNewswire/ -- Thales, in partnership with SFO Technologies, has taken a significant step forward in supporting India's strategic vision for self-reliance in defence manufacturing. The latest contract, awarded for the production of high-value, technically advanced complex wired structures of the RBE2 AESA Radar of the Indian Rafale, reinforces SFO Technologies' long-standing expertise and enduring partnership with Thales across multiple major programmes. This first order marks an important milestone in Thales' Make in India strategy for the localisation of adv ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
NEW DELHI, Sept 25: India on Thursday signed a $7 billion order for 97 domestically designed and built Tejas fighter jets as its air force retires its outgoing Russian MiG-21 jets after decades of use. The first Tejas jets -- meaning "brilliance" in Hindi -- were commissioned into the airforce in 2016, with the latest commission for the fourth-generation version of the fighter, Mk-1A. India, one of the world's largest arms importers, has made the modernisation of its forces a top priority, and made repeated pushes to boost local arms production. India's Ministry of Defence said it had "sign ...Read More >
Enjoy 4.0% p.a. fixed returns with Versa starting August 2025 (New users only). Cash in RM100 & get RM10 FREE with code VERSAMM10! CHANDIGARH (India), Sept 26 -- Russian-built MiG-21s flew for the final time today, marking the end of an era for the country's first supersonic fighter jet -- lauded for its valour but tarnished by a legacy of some 400 crashes. Crowds cheered as officials staged a grand farewell for the final two MiG-21 squadrons, totalling around 36 aircraft, at an air force base in the northern city of Chandigarh. The send-off came a day after New Delhi signed a US$7 billion ...Read More >
NEW DELHI -- India retired its last fleet of Soviet-era MiG-21 fighter jets on Friday, ending more than six decades of service with an aircraft once celebrated for its combat prowess but later derided as a "flying coffin" due to frequent crashes. The phaseout underscores the urgency for the Indian air force to expand and modernize its air fleet to counter potential threats on two fronts from archrivals China and Pakistan. The decommissioning leaves the air force with 29 fighter squadrons, well short of the 42 endorsed at one time by the government. FLYING HIGH Indian Air Force MiG-21 fighte ...Read More >
Prayagraj (Uttar Pradesh) [India], January 8 (ANI): In preparation for the grand Maha Kumbh Mela 2025, a mock drill was conducted in the Akhada area to enhance emergency preparedness and ensure the safety of participants and attendees. The drill carried out under the guidance of Police Additional Director General (ADG) Vaibhav Krishna, IPS was aimed to address potential emergency situations that may arise during the event. Also Read | Microsoft Partners With Government's 'India AI Mission' to Skill 5 Lakh People by 2026. The exercise was designed to simulate various emergency scenarios, foc ...Read More >
Nagpur: After the move to make Falcon 2000 business jet at Nagpur, Anil Ambani-led Reliance Infrastructure on Tuesday announced plans to set up a maintenance, repair and overhaul (MRO) depot for military aircraft and equipment at Mihan-SEZ here. If this plan works out, this would be the third MRO in Nagpur and first catering to defence sector. Reliance Defence -- Reliance Infrastructure's wholly owned subsidiary -- has tied up with the US's Coastal Mechanics Inc (CMI). It eyes massive business through life cycle extension orders for some of the ageing fleet of the Indian Air Force (IAF). Relia ...Read More >
BENGALURU: India's French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country's business process management (BPM) pioneers, WNS, for $3.3 billion. The move is seen as an attempt to bring strong technology expertise, especially AI, into BPM services to be able to offer enterprises much more comprehensive solutions.This acquisition comes a decade after Capgemini acquired Igate, another India-based IT company, for $4 billion. The WNS deal underscores India's growing importance in Capgemini' ...Read More >
New Delhi: The Enforcement Directorate (ED) on Tuesday told a Delhi court that the Gandhi family's claim of having no control over Associated Journals Limited (AJL), the publisher of National Herald, is false. During the hearing at the Rouse Avenue Court, the agency accused senior Congress leader Sonia Gandhi and Leader of Opposition in Lok Sabha Rahul Gandhi of fraudulently acquiring property worth Rs 2000 crore belonging to Associated Journals Limited (AJL), the original publisher of the National Herald newspaper. Submiting arguments in the National Herald case, the ED reportedly rejected ...Read More >
India has already ordered 180 LCA Mark1A jets (Representational) ShowQuick Read Summary is AI-generated, newsroom-reviewed * Defence Ministry is reviewing IAF's proposal for 114 Made in India Rafale jets * The deal is worth over Rs 2 lakh crore with 60% indigenous content * Rafale fleet will reach 176 including 36 IAF and 36 Navy jets after the deal is completed Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Defence Ministry has received and started discussion ...Read More >
NEW DELHI (AP) -- India retired its last fleet of Soviet-era MiG-21 fighter jets Friday, ending more than six decades of service with an aircraft once celebrated for its combat prowess but later derided as a "flying coffin" due to frequent crashes. The phaseout underscores the urgency for the Indian air force to expand and modernize its air fleet to counter potential threats on two fronts from its archrivals China and Pakistan. The decommissioning leaves the air force with 29 fighter squadrons, well short of the 42 endorsed at one time by the government. Each squadron comprises 16-18 fighte ...Read More >
India is set to finalize a major deal with General Electric for fighter jet engines. The agreement is expected by October. Hindustan Aeronautics Limited will receive the engines. Deliveries are scheduled to begin in 2027-28. HAL also secured a contract for LCA Mk1A jets. This boosts India's defense indigenization efforts. The deal supports the Atmanirbhar Bharat vision. India is on track to finalise a significant deal with the US aerospace firm General Electric (GE) worth around USD 1 billion fo ...Read More >
French luxury retailer Galeries Lafayette is set to open its first Indian store in Mumbai. Aditya Birla Fashion and Retail announced the partnership. Plans are underway for a second store in Delhi. The company aims to open stores in at least four major Indian cities within three years. An online platform for Galeries Lafayette is also planned for India. Aditya Birla Fashion and Retail said on Wednesday that French luxury retailer Galeries Lafayette will open its first Indian flagship store in Mu ...Read More >
NEW DELHI: INDIA is discussing age-based restrictions with social media companies, IT minister Ashwini Vaishnaw said Tuesday, following moves by Australia and other countries to ban young teens from popular platforms. Vaishnaw, speaking at a global artificial intelligence conference in New Delhi, also said stronger rules were needed on deepfakes, while hailing an expected $200 billion in AI investment over the next two years. Australia has since December required TikTok, YouTube, Snapchat and a host of other top social media services to remove accounts held by under-16s, or face heavy fines. ...Read More >
Hyderabad: In a major leap for India's defence and manufacturing sectors, the Tata Advanced Systems Limited (TASL) has inked a breakthrough deal with French aerospace major Dassault Aviation to produce the full fuselage of Rafale fighter jets in India -- a first in the jet's global production history. Marking a historic shift, the core structural components of the French-origin combat aircraft -- until now manufactured exclusively in France -- will be built at a new state-of-the-art facility that TASL will set up in Hyderabad. The components to be produced include the lateral shells of the re ...Read More >
Srinagar- Chief Minister Omar Abdullah on Monday inaugurated a buyer-seller meet here to empower local artisans and boost the economy. "The Chief Minister inaugurated the Buyer-Seller Meet at SKICC today. The initiative aims to empower artisans and strengthen the local economy by creating direct market linkages and promoting local products. The meet is hosting 15 international and 30 national buyers," Omar posted on his official X handle. Talking to reporters later, Omar said the effectiveness of the meet would only be known by year end. "One buyer-seller meet would not solve the problems. ...Read More >