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: In a major development, Starlink has received final regulatory approval to launch its commercial broadband services in India. The Indian National Space Promotion and Authorization Centre (IN-SPACe) has given an important approval to Elon Musk's satellite internet service. Starlink has now become the third satcom operator after Bharti-backed Eutelsat OneWeb and the Reliance Jio-SES joint venture, to receive all the necessary clearances for operating in the Indian market. Starlink's Gen 1 low-Earth orbit (LEO) satellite constellation, which comprises 4,408 satellites capable of delivering 600 Gbps throughput across India. It is important to note that last month, Starlink obtained its Global Mobile Personal Communication by Satellite (GMPCS) permit. Starlink has cleared all the regulatory roadblocks. However, the company will have to wait for the full-scale commercial launch of its service. Notably, Elon Musk's internet service will have to procure trial spectrum and meet security compliances set by the Department of Telecommunications (DoT) before being allowed to start its services commercially. Eutelsat OneWeb and the Jio-SES JV received their trial spectrums last year and they also received an extension of six months. Now both the operators are waiting for their final security compliance approval. DoT is also expected to soon finalize pricing and allocation rules for satellite spectrum, as per the TRAI's recommendations. TRAI has proposed an administrative allocation model with a 4 percent fee on adjusted gross revenue (AGR) for five years. Urban users may face an additional Rs 500 per subscriber annually, while rural users are exempt. Starlink is priced at Rs 3,430-4,280 (12,000-15,000 LKR) per month for residential connections, and Rs 4,280-8,560 (15,000-30,100 LKR) for portable 'roam' plans. The one time hardware equipment is priced at Rs 17,185-33,685 (60,200-1,18,000 LKR). The prices are roughly comparable to those announced for the other two South Asian countries.
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...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) The total number of telecom subscribers in India grew marginally to 120.7 crore in May with Reliance Jio and Bharti Airtel adding over 99 per cent new customers during the month, according to data published by sector regulator Trai on Friday. The total net subscriber addition by telecom service providers was 43,58,231 while Reliance Jio and Bharti Airtel jointly added 43,51,294, thereby accounting for 99.84 of the total net subscriber addition in May. The overall growth in subscriber base was mitigated by loss of subscribers by debt-ridden Vodafone Idea (Vi) and publi ...Read More >
Agartala (Tripura) [India], June 29 (ANI): Tripura Chief Minister Dr. Manik Saha on Saturday said that people need to be made more aware of combating cybercrime and that criminal activities should be prevented using the internet. 'Cybercrime is in such a place that it is like fighting with shadows. For this, there is a need to be more technically skilled. Along with this, people need to be more aware and alert about cybercrime. The police system should be further developed and strengthened in line with crime. And the reputation of Tripura Police should be kept intact,' he said. Chief Ministe ...Read More >
Madhya Pradesh Director General of Police (DGP) Kailash Makwana said on Sunday (June 29, 2025) that the police force alone cannot curb rape incidents while claiming that various other factors, like pornography, internet and alcohol, are causing a decline in morality in society, leading to an increase in cases of sexual assault. Mr. Makwana made the remarks after holding a review meeting for Simhastha Kumbh Mela, slated to be held in 2028, with top officers in Ujjain. He went on to claim that earlier children used to listen to parents and teachers, and "vulgarity is now being served on the int ...Read More >
New Delhi, Jun 30 (PTI) Reliance Infrastructure Limited-promoted Reliance Defence Limited on Monday said it has signed an agreement with Coastal Mechanics Inc to jointly address India's Rs 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity. Coastal Mechanics is a US Department of Defense authorised contractor. Reliance Infrastructure in a statement said the partnership will focus on providing end-to-end MRO, upgrade, and lifecycle support solutions for the Indian armed forces, targeting a wide range of critical platforms such as 100+ Jaguar fighter aircra ...Read More >
Bengaluru (Karnataka) [India], June 30: Bengaluru-based SatSure, a full-stack satellite Earth Observation (EO) and Decision Intelligence company, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Hyderabad-based Dhruva Space, a leading full-stack Space solutions provider with proven expertise in satellite platforms, launch services, and ground station infrastructure. This strategic partnership aims to unify the two companies' end-to-end, indigenously-developed capabilities across the upstream and downstream segments of the Space value chain, addressing the needs of ...Read More >
CoinEx Charity's Starlink Program, under its "Bridge to Hope" initiative, has launched its first Starlink unit in the Philippines, aiming to bring high-speed satellite internet to remote areas. The first deployment in EB Magalona, Negros Occidental, enhances access to education, economic opportunities, and essential services. Mayor Marvin Malacon highlighted plans for educational seminars on blockchain and cryptocurrency. CoinEx Charity, established in 2022, focuses on global charitable efforts, while CoinEx, a leading crypto exchange, offers user-friendly trading services to over 10 million u ...Read More >
Airbus, Thales, and Leonardo are planning Project Bromo, a joint space company to compete with Starlink. This initiative aims to consolidate European satellite assets into a single entity, creating a new satellite champion modeled on MBDA. The proposal comes amid impending job cuts and challenges in Europe's space sector. Airbus, Thales, and Leonardo are in discussions to form a new joint space company, dubbed 'Project Bromo,' aimed at rivaling Elon Musk's Starlink. This ambitious plan seeks to establish a standalone European satellite powerhouse, modeled after the successful MBDA missile fir ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...Read More >
New Delhi, Jun 27 (PTI) The total number of telecom subscribers in India grew marginally to 120.7 crore in May with Reliance Jio and Bharti Airtel adding over 99 per cent new customers during the month, according to data published by sector regulator Trai on Friday. The total net subscriber addition by telecom service providers was 43,58,231 while Reliance Jio and Bharti Airtel jointly added 43,51,294, thereby accounting for 99.84 of the total net subscriber addition in May. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declare ...Read More >
NEW DELHI: Broadband policy think tank and advocacy group Friday opposed the government's move to refarm 1100 MHz spectrum, to meet the growing needs of next generation (5G) services. The Delhi-based group said that it is alarmed by the refarming decision of the 1100 MHZ and earmarking the upper 6GHz spectrum for International Mobile Telecommunications (IMT) services, and urged the government to reconsider this (refarming) this move. "The IMT in the 6GHz band not only cannot meet the advanced requirements of digitalisation of the key sectors of the economy in manufacturing, agriculture, heal ...Read More >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...Read More >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sources said. "The two countries are actively engaged in focused discussions to facilitate greater mark ...Read More >
Walmart-owned e-commerce major Flipkart is leaning heavily into social video and livestreaming to attract young shoppers who are glued to their smartphones. The move reflects a broader strategy of the company to seek long-term customer loyalty by making online shopping more immersive and interactive. Online shopping with live commerce Using videos to display and promote products has become one of the company's key new strategies, Neha Agrahari, a director at Flipkart told Bloomberg News. "Users ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Sundar Pichai, CEO of Google, is facing legal trouble after a Mumbai court issued a notice due to YouTube's failure to comply with a previous order. The issue revolves around an offensive video about Dhyan Foundation’s founder, Yogi Ashwini, which was supposed to be removed globally but remains accessible outside India. The court is questioning Pichai on why he shouldn't face consequences for not following the order. Meanwhile, satellite internet services are set to launch in India, with Jio, Airtel, Starlink, and Amazon Kuiper competing for market dominance. The government is preparing to all ...Read More >
NEW DELHI (AP) -- India has granted a key license to Elon Musk's Starlink, bringing the satellite provider a step closer to launching its commercial internet services in the country, a top Indian government official said on Friday. "Yes. License has been granted," said the official with direct knowledge of the matter at the department of telecommunications. The official declined to be identified because the information isn't public. ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): In the wake of the stampede that occurred during RCB's victory celebration, which led to 11 deaths, BJP State President BY Vijayendra, on Friday, demanded the resignation of the Chief Minister Siddaramaiah, Deputy Chief Minister DK Shivakumar, and Home Minister G Parameshwara. Addressing a press conference today, Vijayendra stated that the FIR names the Karnataka State Cricket Association (KSCA), RCB, and the organising agency DNA as accused. He launched a scathing attack, saying that the Chief Minister himself is Accused No. 1, the Deputy Chief Mi ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...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 >
Imphal (Manipur) [India], June 8 (ANI): The Manipur government has ordered the suspension internet and mobile data services including VSAT and VPN services in five districts for five days with effect from 11:45 P.M. of June 7. The five districts are Imphal West, Imphal East, Thoubal, Kakching & Bishnupur. "In view of the prevailing law and order situation in the State of Manipur especially in Imphal West, Imphal East, Thoubal, Kakching & Bishnupur districts districts of Manipur, there is apprehension that some anti-social elements might use social media extensively for transmission serious of ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Uber has launched India's first Shikara ride on Srinagar's Dal Lake, offering a unique and scenic experience. This new service allows passengers to enjoy the tranquil beauty of the lake while riding in a traditional Shikara boat. Booking is easy through the Uber app, with rides available daily from 10 AM to 6 PM. This initiative aims to boost tourism in the region while providing locals with a new way to experience the lake. With Uber's entry into the Shikara market, visitors can now enjoy a blend of modern convenience and traditional charm on Dal Lake. ...Read More >
Imphal: The Manipur government has ordered the suspension of internet and mobile data services, including VSAT and VPN, in the territorial jurisdiction of five valley districts for five days with effect from 11.45 pm on Saturday, an official statement said. The districts include Imphal West, Imphal East, Thoubal, Bishnupur and Kakching. The order followed widespread protests in Imphal East and Imphal West districts on Saturday night after the arrest of a leader of the Meitei outfit Arambai Tenggol. The protesters torched tyres and old furniture in the middle of the road in Kwakeithel and Urip ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
Manipur Starlink: The forensic reports are being tallied by the state and the Centre A Starlink dish and router recovered by the security forces from insurgents in Manipur are non-functional and incompatible in the state bordering Myanmar, sources in the central intelligence agencies have said based on their investigation. "The devices had definitive markings of Starlink, but when we got it examined, we came to know that it is not compatible in this region," a senior officer told NDTV, requesting anonymity. The army handed over the device to the Department of Telecommunications and the Mini ...Read More >
New Delhi [India], June 6 (ANI): Elon Musk-owned satellite internet company Starlink has been given license by the government to launch GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT Services and ISP Category-A under unified license. Starlink is the third company to receive the nod for GMPCS sevices from the Department of Telecom, after OneWeb and Reliance Jio. Global Mobile Personal Communication by Satellite (GMPCS) license authorizes the use of satellite technology for global mobile communication, providing connectivity seamlessly in the entire area of operation, ...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 >
Kolkata: Once heavily dependent on imports, India's defence sector is poised to emerge as a global supplier, riding on a plethora of policy reforms, investments and industrial capabilities. With NATO announcing that its member nations will raise defence expenditure to 5% of GDP by 2035, there is a growing optimism in India about making it big in the export of military hardware in the developed world. One of the bright spots is the achievement of Reliance Defence, which has grabbed an export order of Rs 600 crore from Germany's major defence manufacturer Rheinmetall Waffe Munition GmbH. Relian ...Read More >