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.
Guwahati, July 10: The Guwahati Tea Auction Centre (GTAC) has recorded a significant improvement in performance during the April-June quarter of 2025, with total tea sales reaching 32.21 million kg, up from 25.37 million kg in the same period last year - reflecting a 27 per cent year-on-year increase. CTC teas remained the leading segment, with sales rising from 16.17 million kg in 2024 to 20.46 million kg in 2025. However, average prices in this category witnessed a decline of Rs 14.68 compared to the same quarter last year. Dust teas recorded sales of 9.82 million kg, up from 8.25 million kg last year, with the average price improving to Rs 240.20, compared to Rs 225.30 in Q1 of 2024. Orthodox teas showed the most remarkable growth, doubling from 0.94 million kg in 2024 to 1.92 million kg this quarter. Prices also rose significantly, averaging Rs 279.63, an increase of Rs 16.14 over the previous year's price. This growth was supported by a rise in participation from global export buyers, said Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers' Association. In terms of pricing, 22 per cent of CTC leaf and 30 per cent of dust tea were sold above Rs 300 per kg, while 38 per cent of CTC leaf and 29 per cent of dust fell in the Rs 200-299 range and 40 per cent of both categories were sold in the Rs 100-199 bracket. "The growing share of teas commanding premium prices highlights strong demand dynamics and continued preference for quality lots in the market. GTAC remains a vital node in India's tea trade ecosystem, supporting producers, buyers, and traders through a transparent and efficient auction platform. With promising crop trends and sustained buyer demand, GTAC expects to handle increased tea volumes in the upcoming months. The Centre is well-positioned to continue strengthening its role as a key tea trading hub both nationally and globally," Bihani added.
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Kolkata: Lionel Messi on Thursday confirmed his participation in the much-anticipated GOAT Tour of India 2025, calling it an "honour" to revisit the "passionate football nation" country where he last played 14 years ago. "It is such an honour for me to make this trip. India is a very special country, and I have good memories from my time there 14 years ago -- the fans were fantastic. "India is a passionate football nation, and I look forward to meeting a new generation of fans while sharing the ...Read More >
Mumbai: Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy.With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending."The Reserve Bank remains committed to provide sufficient liquidity to the banking system. To further provide dur ...Read More >
Bengaluru: Small businesses across Karnataka -- including tea stalls, bakeries, salons, and local eateries -- have raised concerns after receiving GST notices based on their UPI transaction volumes. The Commercial Tax Department has issued these notices to entities whose annual digital receipts exceeded ₹40 lakh for goods or ₹20 lakh for services, even if they are not GST-registered. Tax consultants are urging affected traders to respond to the notices within the stipulated deadline to avoid penalties and interest. "Traders need not panic or pay tax immediately. But they must respond with pro ...Read More >
New Delhi: State tax departments in Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat are now following Karnataka's lead and asking UPI apps and payment companies to share yearly sales data of merchants. This move is meant to catch shopkeepers and businesses who should be registered for GST but aren't. By law, anyone selling goods and making over Rs 40 lakh per year (Rs 20 lakh for services) must sign up for GST. If they haven't, tax officials might send them a notice -- which has already happened to about 14,000 traders in Karnataka who had over Rs 40 lakh in UPI receipts between 2021 a ...Read More >
Guwahati: Assam Chief Minister Himanta Biswa Sarma on Friday announced that five districts in western Assam are facing a drought-like situation due to significantly below-normal rainfall this monsoon. Speaking at a press conference following a cabinet meeting here, Sarma said the affected districts -- Kokrajhar, Barpeta, Dhubri, Baksa, and Bongaigaon -- have recorded a 40 per cent rainfall deficit, as per data from the India Meteorological Department and the Central Ground Water Board. "In view of the situation, the Revenue Department will officially declare these districts as drought-affect ...Read More >
Dispur: Tea production is a cornerstone of Assam's economy. The tea from this northeastern state has procured its place in the world market. Traditional methods as well as modern technology are used for tea production. In the old days, people used to prepare tea by hand. Although the invention of machinery and advancements in research over time have changed the methods of producing tea leaves, many people in Assam continue to prepare and use tea leaves by hand even today. Meet Moina Kramchapi, a young, budding entrepreneur who not only produces tea in the traditional methods but also is expl ...Read More >
New Delhi, July 20 (SocialNews.XYZ) India's tea exports rose by 2.85 per cent in the 2024-25 financial year compared to the previous fiscal, reflecting a second year of robust demand for the country's high-quality product, according to data released by the Tea Board. The tea exports from the country increased from 250.73 million kilograms to 257.88 million kilograms, the data showed. There was also a surge in shipments from North India, with the region recording an 8.15 per cent rise in exports to 161.20 million kilograms during 2024-25 compared to 149.05 million kilograms in 2023-24. The v ...Read More >
Chennai: Union Finance Minister Nirmala Sitharaman on Sunday said the GST reforms are a huge victory for each and every citizen of the country. Taking into account that every state in India has its own festivals, it has been decided to implement the GST reforms much ahead of Prime Minister Narendra Modi's instruction of launching them before Deepavali festival, Sitharaman said at an event in Chennai. In her address at the joint conclave of the trade and industries association on "Tax Reforms for Rising Bharat' organised by Chennai Citizens Forum, she said the beneficial impact of Goods and S ...Read More >
Hyderabad: Union Civil Aviation Minister K Rammohan Naidu on Monday, September 29, inaugurated a Udan Yatri Cafe at Vijayawada airport, where tea is priced at Rs 10 and coffee at Rs 20. The minister said the cafes were introduced following complaints from passengers about high food prices. He noted that the first Udan Yatri cafe was opened at Kolkata airport in December 2024 and has since been extended to airports in Chennai, Bhubaneswar, Ahmedabad, Itanagar and Pune. More cafés will be set up across the country in phases. Rammohan Naidu also said that since the launch of the UDAN (Ude Desh ...Read More >
Bihar State Power Generation Company Limited (BSPGCL) has completed the auction for its standalone Battery Energy Storage System (BESS) project with a total capacity of 125 MW / 500 MWh. The auction was conducted under a Tariff-Based Competitive Bidding (TBCB) process to promote the development of energy storage infrastructure in the state. The tender was initially floated in March 2025 and invited bids for the development of a 500 MWh standalone BESS. A minimum project size of 20 MWh was required for participation. A total of six companies emerged as winners in the auction. Barbrik Projects ...Read More >
Agartala: Amid rising public discontent and protests led by opposition parties over the rollout of smart meters in Tripura, Power Minister Ratan Lal Nath on Monday issued a firm challenge: prove the meters are faulty or stop misleading the public. "If any qualified electrical engineer can certify that the smart meters have technical faults, I will not only halt the installation but also remove those already installed," Nath declared, directly countering the opposition's claims. Ready for a challenge? Click here to take our quiz and show off your knowledge! He rejected the political uproar s ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been clos ...Read More >
Dhanashree Verma has opened up about her divorce from Yuzvendra Chahal, revealing the emotional turmoil she experienced during the final court hearing. She addressed the rumors surrounding alimony demands and expressed surprise at Chahal's choice of attire during their court appearance. Choreographer and social media personality Dhanashree Verma has spoken about her divorce from Indian cricketer Yuzvendra Chahal, nearly a month after Chahal first opened up on the separation. In a podcast intervi ...Read More >
The Central government aims to democratise air travel, and setting up of Udan Yatri Cafes in airports across the country is a step in that direction, said Union Civil Aviation Minister K. Rammohan Naidu. Addressing the media after opening a Udan Yatri Cafe at the Vijayawada airport on September 29, Monday, the Minister said after the launch of UDAN (Ude Desh Ka Aam Nagrik) scheme in 2016, more than 630 routes have been added to the existing ones across the country, facilitating more air travel b ...Read More >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
GUWAHATI, June 30: Assam chief secretary Ravi Kota on Sunday inaugurated the India Pavilion at the Summer Fancy Food Show 2025 in New York, an event which marked the momentous occasion celebrating 200 years of Assam Tea. Speaking at the inauguration ceremony, Kota said, "For Assam, this Pavilion at the Summer Fancy Food Show 2025 at the Jacob K. Javits Center, serves as both a celebratory and strategic platform. And Assam Tea stands as a bridge between tradition and innovation. I say innovation because India is buzzing with youngsters brimming with energy and ideas, and so is Assam." "Four s ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...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 >
Mumbai (Maharashtra) [India] October 7(ANI): The Reserve Bank of India (RBI) on Monday announced the auction of two Government of India (GoI) securities with a total notified amount of Rs 28,000 crore.According to the RBI notification, the auction will include the re-issue of 6.68 per cent GS 2040 worth Rs 16,000 crore and 6.90 per cent GS 2065 worth Rs 12,000 crore. The auction is scheduled for Friday, October 10, and the settlement will take place on Monday, October 13.As per the notification, the Government will have the option to accept additional subscriptions of up to Rs 2,000 crore for ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
New Delhi, Jul 1 (PTI) With the Goods and Services Tax (GST) completing eight years, Congress leader Rahul Gandhi on Tuesday claimed that it is a "brutal tool of corporate cronyism" and asserted that a reformed GST must be "people-first, business-friendly, and truly federal in spirit". The Leader of the Opposition in the Lok Sabha said India deserves a tax system that works for all, not just the privileged few, so that every Indian, from the small shopkeeper to the farmer, can be a stakeholder in the nation's progress. "Eight years on, the Modi government's GST is not a tax reform - it's a b ...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 >
Gandhinagar: In households in Gujarat's cities, cereals may take up less space in the grocery bill, but they still dominate the dinner plate. A new Union govt report shows that cereals, while accounting for just 3.8% of household spending, supply 35% of total calorie intake in cities. In villages, their role is even more dominant, making up 43% of calorie consumption while accounting for 4.5% of total spending.Cereals also account for a major portion of protein intake for people in Gujarat.These insights come from the Centre's latest "Nutritional Intake in India" report, which tracks food patt ...Read More >
Kailashahar (Tripura), July 15: The Manu Valley tea estate in Tripura's Unakoti district, which contributes to around one-fourth of the state's total tea output, is facing the brunt of climate change and acute shortage of manpower with its production gradually decreasing in the last three years, an official said on Tuesday. "The climate change over the past few years appears to be a major challenge for the future of the garden. The average rainfall and uneven distribution of precipitation have affected production in the tea garden," said Manager (HR) of the estate, Prabir Dey. Tripura produc ...Read More >
SHILLONG, July 12: Union Finance Minister Nirmala Sitharaman has lauded the progress made in Meghalaya's health sector, particularly highlighting the significant decline in the Maternal Mortality Rate as a strong indicator of real, on-ground transformation. During her visit to Laitkynsew village in East Khasi Hills, the Union minister interacted with women from Self-Help Groups (SHGs), Lakhpati Didis, and members of Farmer Producer Organisations (FPOs). She underscored the vital role that SHGs have played in driving grassroots change. Expressing deep appreciation for the Meghalaya government ...Read More >
New Delhi: The Unique Identification Authority of India (UIDAI) has started deactivating the Aadhaar card of the dead to prevent their misuse. UIDAI has deactivated more than 1.17 crore 12-digit Aadhaar numbers so far. This information was given in an official statement issued on Wednesday, July 16. Under this initiative, UIDAI has started a new service on My Aadhaar portal for registered deaths in 24 states and union territories, so that people can report the death of their family members. The statement said, "To maintain continuous accuracy of the Aadhaar database, UIDAI has taken steps to ...Read More >
NEW DELHI: Delhi Congress president Devender Yadav on Saturday criticised the Rekha Gupta-led BJP government in the city over the worsening pollution levels in the Yamuna River, calling it a "grave concern". Referring to the July pollution report by the Delhi Pollution Control Committee (DPCC), Yadav said that pollution levels in the Yamuna have worsened since March. This, he said, clearly exposes the BJP's hollow promises on cleaning the river. He alleged that the government has only made tall claims about cleaning the Yamuna after assuming power in Delhi but has taken no concrete action. I ...Read More >