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: India strongly demanded that the International Maritime Organisation (IMO) undertake a comprehensive investigation and global review of all maritime incidents involving foreign-flagged container vessels operating in Indian waters. It said these incidents, caused by undeclared hazardous cargoes, and structural and stability issues, have raised serious safety concerns.Participating in the 134th session of the Council of the IMO, port and shipping secretary T K Ramachandran underscored the need to reinforce international protocols related to packaging, declaration, stowage, and monitoring of lithium-ion batteries and International Maritime Dangerous Goods (IMDGs).In a statement, the port and shipping ministry said, "India delivered a principled statement addressing recent maritime incidents involving foreign-flagged container vessels operating in Indian waters."Citing the proactive role of Indian Navy and Indian Coast Guard in ensuring the safety of life at sea, the statement said India called for urgent enhancements in the safety framework for container shipping. India also proposed the establishment of IMO-led investigations into such incidents to help build global best practices, improve standardisation, and strengthen operational norms that ensure the safety and security of container ship operations across the world.There have been serious maritime incidents along India's coastline that exposed vulnerabilities in the current emergency response framework. The sinking of the container ship MSC ELSA 3 in May 2025 and the major fire and explosion on the container ship WAN HAI 503 in June 2025, off the coast of Kerala, led to the loss of several containers in the waters and the release of hazardous cargo and significant environmental risk.
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 >
The Japan Coast Guard Ship Itsukushima arrived in Chennai for the Global Ocean Voyage Training, strengthening Indo-Pacific ties. The India-Japan partnership is reinforced through cultural exchanges and a joint sea exercise, reflecting a shared maritime commitment in the region, as per an official statement from the Indian Coast Guard. The Japan Coast Guard ship, Itsukushima, has anchored at Chennai port as part of its Global Ocean Voyage Training, according to an official statement from the Indi ...Read More >
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra Police beefed up the security along the Raigad coastline after the Indian Coast Guard informed the ICG Murud in the Raigad district that a 'suspicious' Pakistani boat had been spotted 2.5 to 3 nautical miles offshore near the Korlai coast. However, after the police investigation, it was discovered that the 'suspicious object' spotted is likely a fishing net buoy fitted with a GPS tracker, used to prevent nets from sinking and to facilitate retrieval, police said in a statement. Also Read | Gold Rate Today, July 8, 2025: As Gold Price Co ...Read More >
New Delhi, Aug 25 (PTI) India and Fiji on Monday firmed up an action plan to boost defence ties and agreed to jointly work for a peaceful and inclusive Indo-Pacific as Prime Minister Narendra Modi and his Fijian counterpart Sitiveni Ligamamada Rabuka held talks to expand the overall bilateral cooperation. India and Fiji may be oceans apart, but "our aspirations sail in the same boat", Modi said following the meeting. Rabuka, the prime minister of the South Pacific nation, arrived in Delhi on Sunday on a three-day trip to shore up Fiji's ties with India in a range of areas such as maritime se ...Read More >
New Delhi [India], September 29 (ANI): Kenya's Navy Commander, Major General Paul Owuor Otenio received the Guard of Honour here in the national capital on Monday. He is on an official visit to India from September 28 to October 2. Also Read | Michigan Church Shooting: 2 Dead, 9 Injured in Shooting at Latter-Day Saints Church in US Grand Blanc, Gunman Killed, Donald Trump Condemns Attack. Earlier, he paid tributes at the National War Memorial. As per Kenya's Ministry of Defence, Major General Paul Owuor Otenio is serving as the 14th Commander of the Kenya Navy. His career, spanning over th ...Read More >
A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, the data showed. The U.S.-Israeli war against Iran has all but halted shipping through the strait, but Iran says "non-hostile vessels" may transit the waterway if they coordinate with Iranian authorities. Green Asha and Green Sanvi have crossed the Gulf area and are in the eastern Strait of Hormuz, the data showed, taking the total number of Indian-flagged LPG carriers that have traversed the Strait to eight. India is gr ...Read More >
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. Also ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, Jul 19: The Indian Navy's indigenously built Survey Vessel Large (SVL), INS Sandhayak, arrived at Port Klang on its maiden port call from 16 to 19 July 2025, marking a significant step in India's expanding regional engagement in hydrographic cooperation. Designed and constructed in India, INS Sandhayak is the first of the Sandhayak-class hydrographic survey ships and was commissioned in February 2024. The vessel is equipped with advanced coastal and deep-water survey capabilities, oceanographic data collection systems, and has provisions for search and rescue operations. It is also ...Read More >
Kochi: The Kerala High Court on Tuesday ordered the conditional arrest of MV MSC Palermo, a sister ship of MSC Elsa 3 that capsized off the Kerala coast on May 25, 2025. Justice Easwaran S issued the order while considering interim applications in four separate admiralty suits. The plaintiffs alleged that debris from MSC Elsa 3 damaged their fishing vessels and sought compensation. The court directed the arrest of MSC Palermo until security of around ₹2.6 crore is deposited. The claims in the ...Read More >
New Delhi: Two more Indian-flagged LPG tankers have safely crossed the war-hit Strait of Hormuz and are headed for Indian ports even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday. LPG vessel Green Sanvi carrying 46,650 tonnes of LPG is scheduled to reach Indian port on April 7 while Green Asha with 15,500 tonnes of cargo is scheduled to touch Indian coast on April 9, said Mukesh Mangal, Additional Secretary in Ministry of Ports, Shipping & Waterways at a news briefing. "Indian maritime operations remain safe and uninterrupted amid West Asia crisis. 16 Indian- ...Read More >
Ahmedabad, June 8: 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 approximately four times long ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
New Delhi [India], July 9 (ANI): The Indian delegation, led by TK Ramachandran, IAS, Secretary, Ministry of Ports, Shipping and Waterways, Government of India, is participating in the 134th session of the Council of the International Maritime Organisation (IMO) in London. On the opening day of the session, India delivered a strong and principled statement addressing recent maritime incidents involving foreign-flagged container vessels operating in Indian waters. These incidents, caused by undeclared hazardous cargoes and structural and stability issues, have raised serious safety concerns. I ...Read More >
New Delhi: India-flagged large gas carrier Green Sanvi has safely transited the Strait of Hormuz on Friday night, carrying approximately 46,650 metric tonnes of Liquefied Petroleum Gas (LPG) cargo, official sources said. Earlier on March 28, a shipment of 47,000 metric tonnes of liquefied petroleum gas (LPG) arrived at the Vadinar Terminal of DPA Kandla in Jamnagar, Gujarat, on Saturday. The vessel, MT Jag Vasant, is set to transfer its cargo to another ship at anchorage through a Ship-to-Ship (STS) operation. Indian Navy warships were on standby to provide support to the merchant vessels, ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
New Delhi: Indian Navy chief Admiral Dinesh K Tripathi on Sunday (Dec 15) left on a four-day official visit to Indonesia to further consolidate the bilateral defence cooperation between the two countries. His visit, which will conclude on December 18, is in line with the deepening Comprehensive Strategic Partnership, with a focus on enhancing Naval Cooperation. During the visit, Admiral Tripathi will engage in bilateral discussions with top Indonesian Government and defence officials, including Lt Gen Sjafrie Sjamsoeddin (retd), Defence Minister of Indonesia, General Agus Subiyanto, Commander ...Read More >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. Also Read | MSC IRINA, World's Largest Container Ship, To Make Historic Debut at Vizhinjam International Seaport. The MSC IRINA boasts an impressive capacity of 2 ...Read More >
NEW DELHI: A day before Zionist entity and the United States attacked Iran on February 28, the Indian flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and drones flying overhead every day as they waited. In a video seen by Reuters, at least five projectiles can be seen streaki ...Read More >
A tanker with Iranian crude oil has been flashing India's west coast as its destination, according to maritime tracking sites, in what could be the first such import in nearly seven years. The Eswatini-flagged Ping Shun's transponders and AIS (automatic identity system) have signalled it is headed for the Vadinar offshore terminal and is expected to reach the facility by April 4, according to the Kpler-owned MarineTraffic and Winward, both providers of global commodity and ship data. At an inte ...Read More >
Mumbai, July 7 (PTI) After a 20-hour search operation involving multiple agencies, the "suspicious boat" spotted in the Arabian sea in Maharashtra's Raigad district has been identified as a fishing net buoy which was drifted into the Indian waters with an AIS transponder, police said on Monday. Considering the high alert situation, the sensitive operation has not been called off yet, said Raigad Superintendent of Police Aanchal Dalal. The Indian Coast Guard on Sunday night informed the police that the suspected Pakistani boat, "Muqadar Boya 99" with a boat number MMSI-463800411 was spotted n ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Kochi (Kerala) [India], October 24 (ANI): 'Mahe', which is the first of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWC) being built by Cochin Shipyard Limited (CSL), Kochi, was delivered to the Indian Navy on Friday, as per a press release by the Ministry of Defence. 'Mahe', named after the historic port town in the Union Territory of Puducherry, symbolises India's rich maritime heritage. Also Read | Bihar Assembly Elections 2025: Election Commission Asks Parties To Disclose if Campaign Content Is AI-Generated. The vessel has been indigenously designed and constructed by CSL, re ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
New Delhi [India], August 1 (ANI): As part of the Indian Navy ongoing operational deployment to South East Asia, Indian Naval Ships INS Delhi, Shakti, and Kiltan, of the Eastern Fleet, arrived at Manila, Philippines, said an official press statement. The visit is a testimony to Indian Navy commitment to strengthening partnerships in the Indo-Pacific. The ships, commanded by RAdm Susheel Menon, Flag Officer Commanding Eastern Fleet (FOCEF), were accorded a warm welcome by personnel of the Philippine Navy, underscoring the strong and growing maritime ties between India and the Philippines. On ...Read More >
New Delhi, Sep 15 (PTI) INS Nistar has reached Singapore to join a biennial multi-nation exercise, whose sea phase would witness the Indian Navy's indigenously designed and built Diving Support Vessel and Submarine Rescue Unit (East) engaging in "multiple intervention and rescue operations" with participating assets in the South China Sea, officials said on Monday. Exercise Pacific Reach, which began on September 15 and is being hosted by Singapore, will see the participation of more than 40 nations as active participants or as observers, the defence ministry said. INS Nistar, functioning un ...Read More >
Panaji: Defence shipbuilder Goa Shipyard Ltd (GSL) reported its strongest-ever financial performance, with gross revenue crossing the Rs 3,000 crore mark for the first time in FY 2024-25. Revenue surged 53% to Rs 3,190 crore, while the value of production jumped 71% to Rs 2,801 crore. GSL's order book stood at over Rs 16,000 crore as of April 1, comprising multiple projects for the Indian Navy, Indian Coast Guard, and overseas clients.The company is in final negotiations for a landmark Rs 18,000 crore contract to build the Indian Navy's next-generation corvettes, which, once signed, could push ...Read More >
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. He no ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...Read More >
Mumbai, Jun 8 (PTI) Shiv Sena (UBT) leader Aaditya Thackeray on Sunday said his party is ready to come together with anyone who will work to protect the interests of Maharashtra and Marathi manoos, his statement coming amid the rapprochement buzz between the Uddhav Thackeray-led party and Raj Thackeray's Maharashtra Navnirman Sena (MNS). Talking to reporters here, Thackeray accused the BJP of "swallowing" Mumbai and Maharashtra. He said injustice is being meted out to Maharashtra by the BJP. "We have been saying this consistently. We are ready to work with anyone, any party that is ready to ...Read More >