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.
Jaipur: A newly-constructed state highway in Rajasthan's Jhunjhunu collapsed just days before its official inauguration, after heavy rains triggered the water level to rise in the Katli river. A video of the incident, accessed by NDTV, has since gone viral on social media. The collapse occurred after 86 mm of rainfall was recorded in the Udaipurwati region on Sunday, swelling the usually seasonal Katli river into a forceful stream. The surging waters undermined the roadbed and washed away a large chunk of the highway, including an electric pole, as captured in the widely shared footage. The state highway, built to connect Baghuli and Jahaj with National Highway 52 (leading to Jhunjhunu and Sikar), was reportedly completed six months ago and was awaiting official inauguration. The collapse raised several questions over the materials and method used in the construction of the road. Officials from the Public Works Department (PWD) are expected to inspect the site and submit a detailed report. Meanwhile, the Katli river, already under scrutiny for widespread encroachment and illegal sand and gravel mining, has been the focus of state clean-up operations. The recent collapse has renewed calls for stricter environmental safeguards and better planning in infrastructure projects.
Raipur: Chhattisgarh chief minister Vishnu Deo Sai on Tuesday, January 14, announced an aid of Rs 10 lakh to the kin of journalist Mukesh Chandrakar, who was murdered in Bijapur district earlier this month. Talking to reporters at the helipad in police lines, Sai said a building will be constructed for scribes and named after the slain journalist. Sai said, "The deceased journalist's family will be given Rs 10 lakh assistance. A building will be constructed for journalists, and it will be named after him." 33-year-old freelance journalist Mukesh Chandrakar went missing on January 1. His body ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...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 Uttar Pradesh administration has strengthened security arrangements across several districts including Lucknow, Sambhal, and Moradabad to ensure peace and avoid any disruption, as Muharram processions and the Kanwar Yatra are being held at the same time.Large crowds gathered for Muharram processions across different regions, while preparations for the Kanwar Yatra are also underway. Police personnel have been deployed in all sensitive areas, and surveillance is being carried out using drones and CCTV cameras.In SambhalDistrict Magistrate Dr Rajender Pensiya while speaking to ANI ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that made me and the ones still on my way. Thank you for all your love and wishes Instafam. #Gratitude #lo ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
New Delhi [India], July 12 (ANI): Union Minister for Coal and Mines G Kishan Reddy on Saturday said that the Central Government has decided to begin the production of rare earth magnets in Hyderabad, as part of its broader push for self-reliance in critical technologies. Speaking to ANI, the minister said, "The Central Government has decided to produce rare earth magnets in Hyderabad. Our Mining Ministry's NFTSM institute is working diligently, along with various industries, to manufacture the necessary machinery." Also Read | PM Narendra Modi Highlights Government's Focus on Generating Empl ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
Bhubaneswar: Seven state-run companies and corporations in Odisha posted a combined loss of ₹794.98 crore in the financial year 2022-23, according to a report by the Comptroller and Auditor General of India (CAG) tabled in the Assembly on Tuesday. The audit assessed the financial performance of 29 State Public Sector Enterprises (SPSEs), of which seven entities reported losses during the fiscal. The total loss marks a significant rise from ₹453.11 crore recorded by the same set of entities in 2021-22. The bulk of the losses was attributed to two enterprises. GRIDCO Limited alone accounted fo ...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 >
New Delhi: Vedanta Group Founder and Chairman Anil Agarwal on Friday said that today, nothing can happen without India's presence. Speaking at the NDTV World Summit 2025, Agarwal said I always believe that the world has progressed because of what lies 'below the ground.' Agarwal also pointed out India's vast reserves of precious ressources. "The world's best reserve of gold is in India. The best reserve of diamonds is also in India," he said, highlighting the country's rich mineral wealth. Addressing the summit's session on "Building Bharat: Purpose, Profit, Planet," Agarwal emphasised India' ...Read More >
Founder and Chairman of Vedanta Group Anil Agarwal at NDTV World Summit Vedanta Group Founder and Chairman Anil Agarwal on Friday said that India holds some of the world's richest reserves of gold and diamond but has yet to tap its full potential. Speaking at the NDTV World Summit on the theme 'Building Bharat: Purpose, Profit, Planet', Agarwal highlighted the country's vast natural wealth. "I can tell you one thing, I'm a geologist, again I'm saying the world best reserve is in India for gold ...Read More >
Bhopal, June 27 (UNI) In a bizarre incident, 19 vehicles of Madhya Pradesh Chief Minister Dr Mohan Yadav's convoy broke down together after diesel allegedly mixed with water was filled in their tanks at a fuel station in the Ratlam district of the state late Thursday night. Authorities carried out an inspection of the fuel station, and subsequently it was sealed. The stalled vehicles, mostly Toyota Innovas, had to be towed away and a replacement fleet was summoned hurriedly from Indore, to be used for the CM, who arrived in Ratlam on Friday afternoon and inaugurated the Regional Industry, Sk ...Read More >
Mumbai, July 12: Raveena Tandon's son Ranbir Thadani has turned 18 and the actress welcomed him to adulthood with a heartfelt note. Raveena took to Instagram, where she shared a string of adorable pictures from Ranbir and her actress-daughter Rasha's younger days. For the caption, the star wrote: "Welcome to Adulthood my son, Happy 18 th . I love you , your my heart, My sunshine , my forever love . Proud of the Man you've become. Kind , compassionate , strong, caring. Mahadev walks with you (sic) ." She added: "Thank you for choosing me for being your mum, you wise old soul @ranbirthadani." I ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances of EVM counting being completed before postal ballot counting. INDIA bloc had, during the 2024 elec ...Read More >
NEW DELHI (AP) -- Sanjay Malhotra, a career civil servant, became India's new central bank governor on Wednesday as the country's economic growth slows and inflation is rising. The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India's monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as RBI governor after an extended six-year term. GDP growth slowed to 5.4% in the quarter ending in September, the weakest level in seven quarters ...Read More >
Comptroller and Auditor General (CAG) report, tabled by chief minister Sukhvinder Singh Sukhu for the financial year 2024-25 pointed out that state's total debt and liabilities crossed the ₹1 lakh crore mark for the first time. Emphasising on the urgent need for stronger monitoring systems, timely compliance, and reforms to ensure financial discipline and effective governance in the state, the report reveals that the overall liabilities of the state stood at ₹1,04,410 crore as on March 31, 2 ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as the tax reductions on essential items of daily use will bring a noticeable drop in prices. He furthe ...Read More >