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.
Mumbai, July 9 (PTI) The Maharashtra Assembly passed a bill amending the Slum Area (Improvement, Clearance and Redevelopment) Act, 1971, on Wednesday, which allows the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The amendment bill seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or partners. Currently, the SRA can issue stop-work notices or deny new permissions to a defaulting developer. The bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes - from 120 days to 60 days - once a majority (over 50 per cent) has consented to a redevelopment plan. After 60 days, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to availability. Another provision of the bill allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC, and CIDCO within 30 days of issuing a letter of intent, enabling a faster execution of public sector-led projects. PTI MR NSK
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Mumbai, May 20 (PTI) The Maharashtra cabinet on Tuesday announced a new housing policy, which includes a comprehensive programme ranging from slum rehabilitation to redevelopment, with an investment of Rs 70,000 crore. Talking to reporters after the cabinet meeting, Chief Minister Devendra Fadnavis said the policy focuses on housing for the common man with the motto "My Home -- My Right". He said the policy prioritises low-income groups, senior citizens, women, industrial workers and students. The policy comprises a comprehensive programme from slum rehabilitation to redevelopment, with an ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
New Delhi, Jun 27 (PTI) Realtors' body NAREDCO president G Hari Babu on Friday demanded that interest on home loans should come down to around 6 per cent to boost sales that have fallen during the first six months of this year across the top seven cities. He attributed the fall in housing sales to excess supply, sharp rises in prices of residential properties and global economic uncertainties. Real estate data analytics firm PropEquity has reported a 19 per cent drop in sales during the current April-June period and a 23 per cent fall in the preceding quarter across 9 major cities. Property ...Read More >
New Delhi, Jun 29 (PTI) AAP supremo Arvind Kejriwal on Sunday warned that the Rekha Gupta-led BJP government in Delhi would not last even three years if slum demolitions continue, as he called for a mass movement against the drive from Jantar Mantar. The AAP organised a massive protest at the site under the banner of the 'Ghar-Rozgaar Bachao' movement. Also Read | Bengaluru Horror: Woman's Body Found Stuffed in Sack, Dumped in Garbage Truck Near Channammanakere Skating Ground; Murder, Possible Sexual Assault Under Investigation. Senior party leader Gopal Rai challenged that if demolitions c ...Read More >
The matter was raised by MLA Sneha Dubey, who flagged concerns about encroachments on mangrove land in Palghar district THE MAHARASHTRA government is positive towards granting carbon credits to farmers who conserve mangroves on their agricultural fields or private land located along the coastline, Environment Minister Pankaja Munde informed the state Legislative Assembly Thursday. "Farmers will be empowered to protect mangroves on such land, and the government is considering extending carbon cr ...Read More >
Thiruvananthapuram, Jul 10 (PTI) Senior Congress leader Shashi Tharoor has criticised the Emergency declared by Prime Minister Indira Gandhi in 1975, saying the people of the country responded clearly to the excesses of that period by voting her party out of power by a large margin. In an article published on the measure, which lasted between 25 June 1975 and 21 March 1977, in the Malayalam daily 'Deepika' on Thursday, the Congress Working Committee member termed it "a dark chapter" in India's history and recalled Indira Gandhi's son Sanjay Gandhi's notorious acts, including forced sterilisat ...Read More >
New Delhi, Jul 14 (PTI) HCLTech on Monday reported a 9.7 per cent decline in consolidated net profit for the April-June quarter of this fiscal year at Rs 3,843 crore as the IT services firm and pegged the revenue growth guidance at 3-5 per cent for FY26. HCLTech had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. Also Read | How To Check Lottery Sambad Results: A Comprehensive Guide for Indian Lottery Enthusiasts. Revenue from operations for the quarter under review was 8.1 per cent higher at Rs 30,349 c ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 23 to September 7, Transport Minister Pratap Sarnaik Announces; Group Bookings Start July 22. "At Li ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis, on Friday, directed the administration that after the completion of major infrastructure projects, nearby government land should be identified and developed into new economic hubs on the lines of the Bandra-Kurla Complex (BKC). He gave these directives during a review meeting of the north-bound Versova to Bhayandar coastal road project. Chief Minister Fadnavis also instructed that the road project be executed while conserving the mangrove forests. He emphasised that additional mangrove areas should be developed t ...Read More >
Chandigarh, Jul 4 (PTI) Haryana Governor Bandaru Dattatreya on Friday said chairpersons and representatives of urban local bodies (ULBs) across the country should adopt a "waste to wealth" approach by leveraging advanced technologies in waste management. Dattatreya was addressing the closing ceremony of the two-day national conference of Urban Local Bodies of States and Union Territories in Manesar in Gurugram district. Also Read | Bihar Assembly Elections 2025: RJD MP Manoj Jha Says AIMIM Should Stay Away From Polls in State, Extend 'In-Principle' Support to Mahagatbandhan. The governor sa ...Read More >
Ahmedabad, July 14 (PTI) The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology. The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings. On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehm ...Read More >
New Delhi, Jun 8 (PTI) Engineering solutions provider DEE Development Engineers Ltd is planning to diversify into hydrogen production as it expects good business opportunities in the sector. DEE Development Engineers Chairman and Managing Director (CMD) Krishan Lalit Bansal said, "We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70 per cent stake in a company called Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants, and ammonia crackers." Also Read | Bodoland Lot ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Hyderabad/Sangareddy, July 2: The death toll from the explosion at the Sigachi Industries' plant in Pashamylaram has risen to 38 on Wednesday even as the company announced a Rs 1 crore compensation amid allegation of usage of outdated machinery in the unit. State Health Minister C Damodar Rajanarasimha, who has been supervising rescue operations at the accident site, said that 11 people were still missing. Although most of the debris has been cleared, no human remains have been found, the minister further said. Sangareddy District Superintendent of Police Paritosh Pankaj told PTI that the tol ...Read More >
Mumbai: The Maharashtra government on Tuesday tabled a bill in the state assembly that proposes to amend the law concerning slum redevelopment, allowing the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The bill seeks to amend the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act, 1971. It also seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). "The SRA hopes that the amendments will help fas ...Read More >
Ahmedabad, Dec 11 (PTI) The 6th Edition of 'Abhivyakti - The City Arts Project', Gujarat's longest art and culture showcase and an endeavour of UNM Foundation of Mehta Family's Torrent Group, concluded with an assemble of art admirers from different walks of life enjoying the art performances across genres. The 16-day Project, which had begun on November 21, received an unprecedented footfall of over 3.24 lakh art lovers of different age groups and from varied walks of life, a press statement issued by the organisers said. Apart from the lakhs of art lovers of the city, the project was also ...Read More >
New Delhi, May 29 (PTI) Ipca Laboratories on Thursday said its consolidated net profit increased 14 per cent to Rs 68 crore in the fourth quarter ended March 31, 2025. The drug firm reported a net profit of Rs 60 crore during the January-March quarter of 2023-24 financial year. During the quarter, revenue from operations rose to Rs 2,247 crore as compared to Rs 2,033 crore in the year-ago period, Ipca Laboratories said in a regulatory filing. Net profit stood at Rs 738 crore for 2024-25 fiscal against Rs 547 crore in FY24. Revenue rose to Rs 8,940 crore for the last fiscal from Rs 7,705 cr ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
New Delhi, Jun 8 (PTI) Aam Aadmi Party's Rajya Sabha MP Sanjay Singh and Delhi unit chief Saurabh Bharadwaj on Sunday visited the demolition site of the Madrasi Camp slum cluster, where they met with displaced residents, and intensified their attack on the BJP over the recent eviction drive. They alleged that Prime Minister Modi's promise to slum dwellers of 'jahan jhuggi wahan makan' - house at the site of their hutment - has "proved to be hollow like many others". There was no immediate response available from the BJP or the Delhi government over the accusations. The Madrasi Camp -- a jhu ...Read More >
Bhubaneswar, Jul 2 (PTI) With official work across Odisha paralysed for two days because of a 'cease work' by Odisha Administrative Service (OAS) and Odisha Revenue Service (ORS) officers, the state government on Wednesday appealed to the agitating officers to resume duty. State government officials launched the protest on Tuesday, a day after Bhubaneswar Municipal Corporation (BMC) Additional Commissioner Ratnakar Sahoo was allegedly dragged out of his office and assaulted by a group of miscreants. According to police, five people have been arrested so far in connection with the incident. ...Read More >
New Delhi, Jul 13 (PTI) Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd nearly quadrupled its donations to the ruling Bharatiya Janata Party (BJP), contributing Rs 97 crore in the fiscal year ending March 2025, according to its latest annual report. Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources Plc. Also Read | Kota Srinivasa Rao Dies at 83: Andhra Pradesh CM Chandrababu Naidu Condoles Demise of Veteran Actor, Says 'He Will Forever Stay Etched in Heart ...Read More >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 crore in the year-ago period, it added. Total expenses in the quarter under review stood at Rs 1,505 c ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
MUMBAI: Usually, an infrastructure project subject to delays in completion witnesses a sizeable cost escalation. This time around, however, a project's cost has been trimmed by nearly 40% by deleting some of its components and changing its design. This is the Uttan-Virar Sea Link (UVSL), to be implemented by the Mumbai Metropolitan Region Development Authority (MMRDA). The changes happened on the directive of chief minister Devendra Fadnavis on Thursday. As per the estimates and plans prepared by MMRDA and submitted to the state government this January, the project had an estimated cost of ₹8 ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >