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.
India Surpasses China, Israel: A record 125 foreign-born billionaires now live in the United States, hailing from 43 countries. According to the latest Forbes report, India has overtaken China and Israel as the leading country of origin for these self-made fortunes, with 12 billionaire immigrants. China and Israel now tie at 11 each. India's latest additions to the list include tech giants like Sundar Pichai and Satya Nadella, signalling the nation's growing influence in US corporate leadership.
New Delhi: Indian-origin Vaibhav Taneja, Tesla's Chief Financial Officer, has emerged as a key figure in Elon Musk's newly announced political venture, the America Party (AMEP). Tesla owner Elon Musk on Sunday announced a new political party called the 'America Party'. In the official filing of this party, Musk named Vaibhav Taneja as the Custodian of Records and Treasurer. According to a report by The Wall Street Journal, Vaibhav Taneja, Tesla's Chief Financial Officer (CFO), has earned a staggering USD 139 million in total compensation in 2024 -- making it the highest in the world for any CF ...Read More >
Hurun India Rich List 2025: Ambani, Adani, Roshni Nadar Lead Nation's Wealth Surge India's wealth creation engine continues to accelerate, with a record 358 dollar-billionaires and 1,687 individuals worth over ₹1,000 crore, according to the newly released M3M Hurun India Rich List 2025. The 14th edition of the list, compiled by Hurun India in partnership with M3M India, highlights that Mukesh Ambani, 68, chairman of Reliance Industries, has reclaimed his position as India's richest man, with family wealth pegged at ₹9.55 lakh crore ($105 billion). Close behind is Gautam Adani, 63, with ₹8.15 ...Read More >
New Delhi, Oct 20: Tesla and SpaceX CEO Elon Musk on Monday extended Diwali greetings to Indians and millions of people celebrating the festival of lights across the world. Musk reposted a Diwali greeting on the social media platform X, saying "Happy Diwali", while tagging a post from his company's subsidiary Tesla India, saying, "Wishing you an electrifying and safe Diwali." Musk's $500 Billion Net Worth Milestone Musk on October 2 became the world's first person ever to reach a net worth of $500 billion, followed by Oracle's Larry Ellison at a distant second. According to Forbes' billiona ...Read More >
Bengaluru, June 6 (SocialNews.XYZ) BJP MP Tejasvi Surya slammed Pakistan Foreign Minister Bilawal Bhutto Zardari and called his delegation at the UN Headquarters in New York, the "Devil reading the scriptures". The office of Tejasvi Surya has released a statement in this regard on Friday. Addressing a press conference at the National Media Centre in Washington, DC, Surya strongly condemned Bhutto for playing the victim card again before an important forum like the United Nations. Bhutto said, "Dialogue and diplomacy are the only viable path to peace. Pakistan has appealed to the internation ...Read More >
Mumbai: India has set a new record with 358 billionaires, up by 24 from last year, according to the M3M Hurun India Rich List 2025. This list tracks the wealth of India's richest people and shows the country's rapid wealth creation. Alongside billionaires, there are 1,687 people worth more than Rs 1,000 crore, indicating that India's rich are growing both in number and strength. Together, these wealthy individuals hold assets worth Rs 167 lakh crore -- almost half of India's GDP. Ambani Leads as Richest Indian, Women and Tech Stars Rise Mukesh Ambani, chairman of Reliance Industries, tops th ...Read More >
Reshma Kewalramani was appointed CEO of Vertex Pharmaceuticals in April 2020 ShowQuick Read Summary is AI-generated, newsroom-reviewed * Reshma Kewalramani ranks 62 on Fortune's 2025 list of 100 Most Powerful People in Business * She is the first woman to lead a major US biotechnology firm, Vertex Pharmaceuticals * Vertex is valued at over $110 billion, known for cystic fibrosis and gene-editing therapies Did our AI summary help? Let us know. Switch To Beeps Mode Indian-origin CEO Reshma ...Read More >
Shah Rukh Khan and his family top the M3M Hurun India Rich List 2025 with Rs 12,490 crore, driven by Red Chillies Entertainment. Juhi Chawla & family secure the second spot, followed by Hrithik Roshan, Karan Yash Johar, and Amitabh Bachchan & family, highlighting Bollywood's wealthiest through diverse ventures and brand influence. Bollywood's Badshah Shah Rukh Khan and his family have topped the M3M Hurun India Rich List 2025, leading the pack with a wealth of Rs 12,490 crore, driven by the dive ...Read More >
BENGALURU/HYDERABAD/NEW DELHI - Ms Paridhi Upadhaya was packing her bags after securing a computer science scholarship in the US until headlines of President Donald Trump's H-1B visa crackdown last week prompted her family in Lucknow, India to scrap the plan. "Trump's unending onslaught against immigrants is forcing us to consider other destinations for her," the 18-year-old's father Rudar Pratap said. Ms Upadhaya is among thousands of Indians for whom the American dream of world-class education, lucrative careers, better quality of life and social mobility, is turning sour due to rising US ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Wednesday said that the residents of the state are overjoyed when people of Indian origin excel abroad. Majhi said this while addressing the young diaspora at the Youth Pravasi Bharatiya Divas event in Bhubaneswar. "You are our cultural ambassadors embodying the essence of India in your host nations and you are our pride. When you excel abroad we rejoice here," Majhi said. This is an occasion to honour the invaluable contributions of Indians worldwide and to explore new opportunities for brotherhood and collaboration. "Hosting this pres ...Read More >
Thursday, 10 July 2025 () India has emerged as the leading source of billionaire immigrants in the US, surpassing Israel, according to Forbes' 2025 list. Twelve India-born individuals, including tech leaders like Sundar Pichai and Satya Nadella, are featured. Cybersecurity entrepreneur Jay Chaudhry, founder of Zscaler, leads the Indian contingent with a net worth of $17.9 billion. ...Read More >
The Hurun list 2025 highlights the richest Indian professional managers, with Jayshree Ullal, Satya Nadella, and Nikesh Arora leading the rankings. The report showcases how Indian-origin leaders are shaping global tech and business giants.India continues to strengthen its position as a major global economy, with a rapidly expanding base of high-net-worth individuals. According to the Hurun India Rich List 2025, the country now has over 1,680 people with wealth above ₹1,000 crore - an increase o ...Read More >
New Delhi: Sachin Katti is the name of a man who has made waves in the ever-evolving field of semiconductors and artificial intelligence and his story is a remarkable one. Sachin Katti spent his childhood in Belagavi, Karnataka and from there crossed many paths to become Intel's new chief technology officer and chief AI officer. His appointment at Intel is effective from April 18, 2025. It comes at a time when Intel is not only restructuring its leadership but also betting big on AI as a core pillar of its future. Current Intel CEO Lip-Bu Tan is trying hard to keep the company going and emerg ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi inaugurated the 18th Pravasi Bharatiya Divas in Bhubaneswar on Wednesday. Welcoming the Indian diaspora and guests to the event, he said, "This occasion is being celebrated to honour the invaluable contributions of Indians worldwide and to explore new opportunities for brotherhood and collaboration. Hosting this prestigious event here in Odisha is a matter of immense honour and pride for us." Describing the convention as a confluence of ideas cultures and achievement that showcase the strength of global Indian identity, Majhi said, "Friend ...Read More >
Jyoti Bansal, an Indian entrepreneur, is now a billionaire. He built Harness, an AI software delivery company, valued at $5.5 billion. Bansal's journey highlights the H-1B visa route. He previously founded AppDynamics, which Cisco acquired for $3.7 billion. Harness uses AI to automate software deployment. Bansal plans to take Harness public. He advocates for attracting global talent. Indian-born entrepreneur Jyoti Bansal has become a new billionaire after building Harness, an AI-based software d ...Read More >