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.
Hyderabad: Two persons, including a restaurant owner, were caught by anti-drug enforcement wing EAGLE at Kompally on Monday night. The restaurant owner was placed under arrest after a search of his vehicle yielded the possession of cocaine and other narcotic substances. Police said he was both a consumer and supplier, abusing drugs at prominent pubs in the city, and supplying the contraband to fitness enthusiasts, IT professionals and doctors among other high-profile clients.EAGLE officials said that Surya Annamaneni, a BTech-MBA graduate, was sourcing the drug from several peddlers, both Indian and foreign nationals, residing in various parts of India.The enforcement team, which kept surveillance on Surya, caught him while he was seated in his SUV in front of his restaurant, Malnadu Kitchen, in Kompally on Monday night. The vehicle was searched and the officials found drugs stashed in the heels of ladies footwear, which was a parcel."The searches resulted in discovery of 10 grams of cocaine, 3.2 grams OG Kush (Ganja), and 1.6 grams of Ecstasy pills. The cocaine was hidden ingeniously in the heel of the ladies' footwear, packed inside a pink cardboard box, and sent by courier from New Delhi under the alias name 'Fatima', EAGLE officials said.Humble beginningsSurya, who started his career in Bengaluru as a sales manager, returned to Hyderabad in 2020 and started his own restaurant. Initially, he got into drugs as a consumer and later he became a supplier and his clientele included fitness enthusiasts, IT professionals, doctors and directors of a pub."The accused maintained financial dealings through personal and commercial bank accounts, including the one linked to Ternion Hospitality, a business entity created while taking over a Madhapur-based restaurant,'' police said. While investigating the case, the officials found that he was getting drugs from Harsha of Himayatnagar, Sandeep Juvvadi of Karimnagar, and Pallepaka Mohan of Khajaguda. Similarly, Nigerian drug traffickers -- Nick, Jerry, Dezmond, Stanley, and Prince -- were supplying the contraband from Delhi, Bengaluru, and Goa. Investigators tracked bank transactions done by the accused with drug suppliers."Several pubs have come under scrutiny for facilitating drug consumption by allocating restricted areas for substance use. The accused also revealed that he, along with friends, made multiple trips to Goa, where they procured and abused cocaine from Nigerian nationals Dezmond and Stanley. In 2022, a visit to New Delhi for a wedding brought him into contact with another Nigerian supplier, Prince, from whom he procured cocaine.
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
Chennai, June 7 (SocialNews.XYZ) The Chennai Metropolitan Development Authority (CMDA) has sanctioned Rs 54.36 crore to the Greater Chennai Police (GCP) under the Vada Chennai Valarchi Thittam (VCVT) to implement seven key infrastructure and welfare projects. The initiative aims to enhance police capabilities and community outreach, particularly in the northern parts of the city. The decision to allocate funds was taken following a detailed representation made by senior GCP officials to Chief Minister M.K. Stalin, who directed that the required financial assistance be provided under the VCVT ...Read More >
New Delhi: In the first seizure of Fake Indian Currency Notes (FICN) this year, Delhi Police Special Cell recovered counterfeit notes with a face value of Rs 4 lakh. The high-quality fake notes, all in Rs 500 denomination, were smuggled into Delhi via Bangladesh. The courier was traced to Datia in Bihar.The accused was identified as Naushad Alam (22), a resident of Bettiah, Bihar. Additional CP (Special Cell) Pramod Kushwaha said that the unit worked on FICN-related intelligence for the past four months. "We had credible information that an interstate syndicate was involved in the circulation ...Read More >
New Delhi, June 8 (SocialNews.XYZ) The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 crore of a prime accused linked to notorious Mexican cartel and owner of 95.501 kg of Amphetamine that was seized from Noida in October 2024, an official said on Sunday. "The office of Competent Authority and Administrator under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976) and Narcotic Drugs and Psychotropic Substances Act, 1985, has confirmed the orders of attachment issued by NCB (Operations branch)," said the official The NC ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Shimla: Himachal Pradesh govt is set to include a chapter on the ills of drug use in the school curriculum. The announcement was made by chief minister Sukhvinder Singh Sukhu on International Day against Drug Abuse and Illicit Trafficking Thursday. Presiding over a function here to mark the day, Sukhu urged every section of society to join the drive against drugs to make Himachal a drug-free state. He said, "The vision of a prosperous country can only be realised by channelling the energy of the youth in the right direction." Reiterating his govt's zero-tolerance policy towards the use and tra ...Read More >
Thiruvananthapuram, Jun 27 (PTI) Zumba dance, a high-energy fitness programme introduced in schools in Kerala by the General Education Department as part of its anti-drug campaign, is facing opposition from certain Muslim groups who argue that it goes against moral values. The programme was introduced in schools following a directive from Chief Minister Pinarayi Vijayan, who stated that the dance -- which combines dance and aerobic movements performed to lively music -- would help reduce stress among schoolchildren and, in turn, counter the menace of drug abuse among young people. From this ...Read More >
Thiruvananthapuram, June 28 (SocialNews.XYZ) A day after a section of Muslim clerics raised objections to the Kerala government's decision to introduce Zumba -- a dance-based fitness programme -- in schools, the youth wings of both the CPI(M) and the Congress came out in strong support of the initiative, dismissing the controversy as unwarranted. State Education Minister V. Sivankutty also stood firmly behind the move. The fitness programme was rolled out earlier this month with the start of the new academic year. Chief Minister Pinarayi Vijayan, accompanied by family members, attended a la ...Read More >
Srinagar: Continuing their efforts to combat the drug menace, the Jammu and Kashmir Police on Thursday seized two vehicles of peddlers in Srinagar city. A police statement said, "Continuing its efforts to eradicate the menace of drugs from the society, police in Srinagar have seized two vehicles acquired through proceeds of illegal narcotics trade. Srinagar Police have seized two vehicles, a Corolla bearing registration number DL4CNE 6086 and a BMW bearing registration number JK01AF-0047 in case FIR No. 36/2024 u/s 8/21 NDPS Act of Police Station Chanapora from the accused person namely Muda ...Read More >
Srinagar, Jan 8 (UNI) In a significant breakthrough, Srinagar Police dismantled a cross-border drug trafficking network, seizing 8 kilograms of heroin valued at Rs 30-32 crore in the international market, and arresting two key operatives. Senior Superintendent of Police (SSP), Srinagar, Imtiyaz Hussain Mir, revealed that initial investigations confirmed the narcotics were smuggled from Pakistan as part of a cross-border trafficking syndicate. The SSP detailed the operation, saying that a team from Police Post Qamarwari intercepted a vehicle at Barthana Crossing during a routine checkpoint. ...Read More >
Hyderabad police recently busted a drug party in Madhapur, involving Tollywood choreographer Kanha Mahanthi and architect Priyanka Reddy. The raid at an OYO property led to the seizure of MDMA and other narcotics. Kanha, known for his work on the dance reality show Dhee, attended the party hosted by Priyanka, with drugs allegedly sourced from Bangalore. Other attendees included architect Shaki and stock trader Gangadhar. The authorities have launched an investigation to uncover the extent of the drug network. This incident highlights ongoing concerns over drug abuse in the Telugu film industry ...Read More >
Srinagar- In a significant move to combat drug abuse, Police in Anantnag on Wednesday said to have attached property worth Rs 2 crores under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, reinforcing their ongoing efforts against drug peddling networks. "Police in Srigufwara, Anantnag seized a double-storied residential house along with one Kanal of land, valued at ₹2 crore, belonging to Mohammad Amin Malik son of Ghulam Rasool Malik, a resident of Kanalwan. Malik, a habitual offender, involved in a case under FIR number 113/2021 at Police Station Srigufwara, where a substantial q ...Read More >
The arrest comes after the agency apprehended Khan's office staff member Suraj Gaud on October 8 for allegedly ordering 100 grammes of Mephedrone (MD) via courier from a European country. Gaud was taken into custody after the MD was delivered to Khan's Andheri office where he was employed. Customs officers revealed that during their ongoing investigation, they received intelligence suggesting Guliwala's involvement in drug smuggling. Acting on this information, the agency raided her Jogeshwari flat on Thursday, discovering approximately 130 grammes of marijuana and other controlled substances ...Read More >
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and Narcotics Department, Champhai, for further legal proceedings. Also Read | Rahul Gandhi To Visit Sam ...Read More >
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and Narcotics Department, Champhai, for further legal proceedings. In a separate operation aimed at coun ...Read More >
Mumbai: Narcotics Control Bureau (NCB) Zonal Unit busted a major drug syndicate in Mumbai. It is worth mentioning that 11.540 kgs of very high-grade Cocaine was seized. Further it is worth mentioning that, as much as 4.9 kgs hybrid strain Hydroponic Weed/Ganja and 200 packets (5.5 kgs) of Cannabis gummies & Rs.1,60,000/- were recovered from Navi Mumbai, Maharashtra on January 31. The NCB further informed that, the investigation conducted so far revealed that this syndicate is being operated by a group of people based abroad and some quantities of the seized contraband were sourced from USA t ...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, June 8 The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 ... New Delhi, June 8 The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 crore of a prime accused linked to notorious Mexican cartel and owner of 95.501 kg of Amphetamine that was seized from Noida in October 2024, an official said on Sunday. "The office of Competent Authority and Administrator under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976) and Narcotic Drugs and Psychotropic Substances Act, 1985, h ...Read More >
Kozhikode (Kerala): The Kerala government on Saturday stood firm in its decision to introduce Zumba dance in state schools as part of its anti-drug campaign, saying the opposition to it is "more venomous than narcotic substance". Explaining the government's stance over the matter here, General Education Minister V Sivankutty said a section of people are deliberately creating issues over the matter and nothing harmful for children is being implemented. Kerala General Education Minister V Sivankutty's Statement "The government is ready to hold talks with those who have misunderstandings in th ...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: Delhi Police on Thursday destroyed over 1,629.4 kg of seized illicit drugs valued at Rs 3,274.5 crore in the international market. The destruction marked the culmination of the Nasha Mukt Bharat Pakhwada (Drug-Free India Fortnight), observed from June 12 to June 26.The destruction of the narcotics was done at the Biotic Waste Solutions in Jahangirpuri and was attended by the lieutenant governor and top brass of Delhi Police. The contraband included 961.9 kg of ganja, 542.9 kg of cocain ...Read More >
Chandigarh, Jun 27 (PTI) Former Punjab DGP Siddharth Chattopadhyaya on Friday met a team of the Vigilance Bureau which is probing the disproportionate assets case against Shiromani Akali Dal (SAD) leader Bikram Singh Majithia and said he shared his "experience and knowledge" with it regarding the drug case registered against the former minister in 2021. The Vigilance Bureau on June 25 arrested Majithia in a disproportionate assets case allegedly involving the laundering of Rs 540 crore of "drug money". Chattopadhyaya was appointed as the officiating DGP during the then Charanjit Singh Channi ...Read More >
Hyderabad: The phone tapping case in Telangana took a dramatic turn on Tuesday with the police booking former minister T. Harish Rao and others. A case against the Bharat Rashtra Samithi (BRS) leader and others was registered at Panjagutta Police Station in Hyderabad on a complaint by G. Chakradhar Goud, a real estate businessman. The complainant, who is also the founder of Farmers First Foundation, alleged harassment, threats, and unlawful phone surveillance. Panjagutta Police registered a case under Indian Penal Code (IPC) Section 120(B) (Criminal conspiracy), 386 (Extortion), 409 (Crimin ...Read More >
Srinagar, Dec 4 (PTI) Jammu and Kashmir Police on Wednesday attached properties worth more than Rs 3 crore belonging to two alleged drug peddlers in Srinagar, officials said. "Reinforcing the ongoing efforts against drug peddlers/smugglers, police in Srinagar has attached properties worth more than Rs 3 crore belonging to two drug peddlers under Section 68 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act," a police spokesman said. Giving details, he said the police attached a three-storey residential building belonging to Abdul Ahad Bhat at Banpora Batamaloo worth Rs 65 lakh. Bh ...Read More >
Amritsar (Punjab) [India], June 7 (ANI): BSF and the Anti-Narcotics Task Force (ANTF) conducted a well-coordinated, precise intelligence-based joint operation that led to the significant apprehension of three outlaws and the seizure of six pistols near an area adjacent to Khalsa College in Amritsar on Friday evening. The operation was planned, based on specific input regarding an arms deal being conducted in an area near Khalsa College. Intelligent surveillance, strategic positioning and discreet movement tracking by the joint team of BSF and ANTF resulted in the successful apprehension of th ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Hyderabad: The Telangana Anti-Narcotics Bureau (TGNAB) has uncovered a network of Nigerian drug peddlers operating from villas in Goa. The month-long operation, conducted with the support of the local police, involved four teams that conducted extensive surveillance and groundwork to expose the cartel. On June 4, TGNAB foiled a Rs 50 lakh hawala transaction in Goa and arrested three operatives, including Uttam Singh, Raju Singh, and Mahender Prajapathy. According to reports, two teams had been monitoring the movement of cash at locations like Sangeetha Mobile Shop in Mapusa and Highland Park ...Read More >
New Delhi: The Social Welfare Department, Government of Sikkim, observed the "International Day against Drug Abuse and Illicit Trafficking" under the United Nations theme, 'Breaking the Chains: Prevention, Treatment, and Recovery for All,' here at Manan Kendra yesterday. The event began with the Chief Minister flagging off 13 Mini Dumper Resource Recovery Vehicles, handed over by the Social Welfare Department to the Rural Development Department, funded under the Pradhan Mantri Jan Vikas Karyakram (PMJVK), for advancing sustainable development and inclusive growth. The Chief Minister, in his ...Read More >
Complainant, Gadhagoni Chakradhar Goud, alleges surveillance used to damage reputation A case has been filed against Bharat Rashtra Samithi (BRS) leader and former minister Harish Rao at the Panjagutta Police Station in Telangana's Hyderabad in connection with allegations of illegal phone tapping . The complaint, filed by Gadhagoni Chakradhar Goud, a real estate dealer and former political candidate, also names senior police official Radha Kishan Rao in the case. In his written complaint, Goud claims that Harish Rao conspired to tap his phone and monitor his activities without authorisation ...Read More >
The Telangana Anti-Narcotics Bureau (TGANB) on Sunday arrested a Nigerian national in Sainikpuri, seizing 150 grams of high-purity cocaine, branded in drug circles as 'celebrity cocaine', along with 1,100 ecstasy pills. The total street value of the seizure is pegged at ₹1.25 crore. The accused, identified as Emmanuel Bediako alias Maxwell, 34, is part of a larger West African drug cartel operating across India, said the Director of the Bureau, Sandeep Shandilya. "He entered the country using ...Read More >