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.
A tense standoff at the Chief Medical Officer's (CMO) office in Kanpur ended on Thursday evening after police escorted suspended CMO Dr Haridutt Nemi out of the premises, nearly seven-and-a-half hours after he occupied the official chair and asserted his claim to the post. The episode followed Wednesday's incident in which Dr Nemi removed the nameplate of his replacement, Dr Udaynath, and reinstalled his own outside the CMO's office. That move sparked confusion among staff and set the stage for Thursday's confrontation. On Thursday morning around 9:30 am, Dr Nemi entered the office claiming that a stay granted by the high court on his suspension allowed him to resume duties. He took the chair, addressed the staff as the CMO, and held a meeting. One staff member was seen touching his feet in a gesture of support. However, most rooms in the office remained shut, and employees refrained from any official work amid uncertainty. Meanwhile, Dr Udaynath, who had been posted as CMO after Dr Nemi's suspension on June 19, issued a written directive stating that Dr Nemi should not be given any files or allowed to undertake any official responsibilities. He also warned staff not to follow any orders issued by Dr Nemi or allow him to sign documents. By afternoon, senior officials including the additional district magistrate, assistant commissioner of police, and a police contingent arrived with Dr Udaynath. The office gate was locked from the inside as a closed-door discussion took place. Officials reportedly informed Dr Nemi that while the court had stayed his suspension, there was no official government communication reinstating him. In contrast, Dr Udaynath's appointment was backed by a government order and remained valid. Dr Nemi was escorted out by police after 5 pm. Before leaving in his car, he said, "There is pressure on me. The government is not honouring the high court stay. I have been told my posting hasn't come through the proper government channel." An order from principal secretary (Medical) Parth Sarathi Sen Sharma later stated that Dr Nemi has been attached to the office of the Director General of Health Services and that a departmental inquiry has been initiated against him by director, administration, health services. Sharma was not available for comment. During the standoff, members of a Dalit rights organisation reached the office to felicitate Dr Nemi with garlands and raised slogans in his support. Notably, Dr Nemi's dispute with district magistrate Jitendra Pratap Singh began earlier, after he allegedly transferred a doctor 12 times within nine days. A subsequent inspection by the DM found 70 employees, including Dr Nemi, absent. A day's salary was ordered to be deducted, escalating tensions. Following viral audio clips in which Dr Nemi allegedly used abusive language and made allegations against the DM, his transfer was recommended. Despite support from assembly speaker Satish Mahana and other politicians, Dr Nemi was suspended. He challenged the order in court and returned to the office this week after interim relief, leading to the latest standoff.
Bengaluru, June 5 (PTI) In a major development, Karnataka Chief Minister Siddaramaiah on Thursday suspended Bengaluru police commissioner B Dayananda and several other senior police officials in connection with the stampede outside the Chinnaswamy Stadium that killed 11 people. He also ordered the arrest of representatives of the RCB team, the event management firm DNA Entertainment Private Limited, and the Karnataka State Cricket Association (KSCA), hours after an FIR was registered against them under various charges, including culpable homicide not amounting to murder. The state government ...Read More >
The Election Commission introduces new rules for voter enrollment. Voters enrolled after 2003-04 must now provide proof of citizenship. This includes a self-attested declaration and supporting documents. The move aims to remove illegal immigrants from the electoral roll. Bihar will be the first state to implement the special intensive revision. Other states will follow soon.In a move to identify and remove illegal immigrants wrongly included in the electoral rolls, the Election Commission has man ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Kolkata: A law student of a south Kolkata college was allegedly gang-raped at the campus security guards' room on Wednesday evening after being offered a key union post.Cops arrested three persons -- college alumnus and ad-hoc staff Manojit Mishra and current students Pramit Mukherjee and Zaib Ahmed -- after a medical test on the survivor corroborated her complaint. Mishra was thrown out of the college's Trinamool unit in 2021 and graduated in 2022, after which he started practising law. He, however, returned to the college recently as an ad-hoc non-teaching staff member. First-year student Mu ...Read More >
Bhopal, June 30 (SocialNews.XYZ) Madhya Pradesh Congress on Monday announced to stage a massive protest on June 8 for an FIR registered against state unit chief Jitu Patwari, which has been lodged against him (Patwari) in Ashoknagar district. Alleging that the FIR against Patwari was registered to hide the failure district administration and deteriorating law and order in the state, the Congress claimed the BJP attempts to suppress the opposition's voice. "We will wait till June 7, and if the FIR against Jitu Patwari is not cancelled, the Congress workers will start a massive protest on June ...Read More >
Bengaluru, Jun 5 (PTI) Karnataka Chief Minister Siddaramaiah on Thursday ordered the suspension of Bengaluru police commissioner and several senior police officials in connection with the stampede in front of Chinnaswamy Stadium here, which left 11 people dead. He has also ordered the arrest of representatives of RCB, DNA event managers and Karnataka State Cricket Association (KSCA), while handing over the probe to the one-man judicial commission headed by retired High Court judge of Karnataka Justice Michael Cunha. The stampede occurred on Wednesday evening in front of the stadium, where a ...Read More >
Bengaluru, June 7: The Special Wing of the Criminal Investigation Department (CID) will begin its probe into the Chinnaswamy stampede tragedy, which claimed 11 lives on June 4, starting Saturday. Concurrently, the magisterial enquiry by the Deputy Commissioner of Bengaluru Urban district is also progressing. Sources confirmed that the CID probe will be headed by SP Shubanvita and Dy SPs Gowtham and Purushottam were named as investigators. The CID is likely to seek custody of the four arrested accused, who were sent to jail, for questioning on Monday, June 9. The department has already filed a ...Read More >
Bengaluru, June 7 (SocialNews.XYZ) Hitting out at the Karnataka Congress leaders who defended the June 4 Chinnaswamy Stadium stampede incident which claimed 11 lives by comparing it to the Prayagraj tragedy where at least 30 people died, Union Minister of State for Micro, Small and Medium Enterprises and Labour and Employment Shobha Karandlaje said that 66 crore people had gathered in Prayagraj. Speaking to the media at the BJP office in Bengaluru on Saturday, the Union Minister stated: "You talk about the Prayagraj incident. Do you even know how many people gathered there? More than 66 crore ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS village on June 29 from 10 am to 5 pm. BESCOM's executive engineer has appealed to consumers to coop ...Read More >
Kolkata: A two-member National Commission for Women team on Sunday visited the south Kolkata law college where a student was allegedly gang-raped last week.The team, accompanied by a videographer, was initially denied entry and asked to produce a formal order. After an hour-long discussion at the college entrance, the team, led by Archana Majumdar, was allowed in under two conditions -- no access to the crime scene and no videography permitted.The visit lasted 10 minutes. "We were denied access to the crime scene and other floors. I will include this in my report," said Majumdar, who was the f ...Read More >
Mumbai: The Maharashtra government on Monday sought three more weeks to finalise its policy on the immersion of Plaster of Paris (PoP) idols, prompting the Bombay High Court to ask it not to delay further given the upcoming festival season. A bench of Chief Justice Alok Aradhe and Justice Sandeep Marne was hearing a batch of petitions filed by Ganesh idol makers' associations challenging the Central Pollution Control Board's (CPCB) guidelines that prohibited both the manufacture and immersion of PoP idols. Earlier this month, the High Court had permitted the manufacture and sale of such idol ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha 'hastily', surfaced now Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. Karnataka CM Siddaramaiah said, "The police department did not give comprehensive information about the police security arrangements at the ...Read More >
Puri: At least three persons, including two women, were killed and around 50 others injured in a stampede near Shree Gundicha Temple during Odisha's Puri Jagannath Rath Yatra on Sunday morning, June 29, officials said. The incident took place around 4 am when hundreds of devotees gathered near the temple to witness Rath Yatra festivities, Puri District Collector Siddharth S Swain said. The injured have been admitted to a nearby hospital, and the condition of six people is critical, he said. "Out of the 50 injured, six people are still unconscious and their condition is very serious," an off ...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 >
Police officials said the man, from Visakhapatnam, had already paid the principal amount but was being hounded for a huge amount as interest. The man's family has lodged complaints with the police commissioner and the district collector. Hyderabad: Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old died by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married. Police officials said Narendra, who catches fish for a living, ...Read More >
New Delhi, Dec 17 (UNI) The Supreme Court on Tuesday upheld Madras High Court's November 20, 2024, order directing a CBI probe into the Kallakurichi hooch tragedy, which claimed the lives of 68 people in Tamil Nadu. A bench comprising Justice J.B. Pardiwala and Justice J. Mahadevan dismissed a special leave petition filed by the ruling DMK government, stating: "Having heard the learned Advocate General appearing for the petitioners and having gone through the materials on record, we see no good reason to interfere with the very well-reasoned judgment of the High Court." The High Court, in it ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
MahaRERA has so far issued 1,163 warrants worth ₹705.62 crore involving 442 real estate projects in Maharashtra. Of this, the MahaRERA has recovered around 29% or around ₹200 crore. Around ₹200 crore worth of compensation has so far been recovered from 283 recovery warrants issued to 139 real estate projects, MahaRERA said in a statement. Also Read: MahaRERA puts grading of real estate projects in Maharashtra on hold MahaRERA issues recovery orders against real estate developers in case of default in handing over possession of property to homebuyers. The execution of recovery warrants has to ...Read More >
Bengaluru stampede: Coming down heavily on lax policing in the aftermath of the stampede that took place during the Royal Challengers Bengaluru (RCB) victory parade, Karnataka CM Siddaramaiah on Thursday suspended senior Bengaluru police officers including city Police Commissioner 'with immediate effect'. Informing of the steps taken after 11 people were killed in the stampede on Wednesday, the chief minister said, "Cubbon Park Police Station Police Inspector, Station House Master, Station House Officer, ACP, Central Division DCP, Cricket Stadium in-charge, Additional Commissioner of Police, ...Read More >
Karnataka Deputy Chief Minister D K Shivakumar expressed grief over the stampede near Chinnaswamy Stadium, lamenting the loss of lives and the damage to Bengaluru's reputation. He dismissed opposition allegations and accusations of playing politics, emphasizing the government's responsibility.Karnataka Deputy Chief Minister D K Shivakumar on Thursday turned emotional over the loss of lives due to the stampede near the Chinnaswamy Stadium and said that Bengaluru has lost its image due to the incid ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka High Court on Thursday issued a notice to the state government over the stampede incident near the Chinnaswamy Stadium that claimed the lives of 11 people and left several injured. The High Court took suo motu cognisance of the incident and asked for a further status report. 'News items have been published in various newspapers, narrating the tragedy that happened when 11 persons died and 75 were injured during the course of the victory celebration of RCB. This court is taking cognisance of the incident,' the High Court said. 'Senio ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Bengaluru (Karnataka) [India] June 6 (ANI): Following the death of 11 people in a stampede on Wednesday near the Chinnaswamy Stadium in Bengaluru, Royal Challengers Bengaluru (RCB), DNA (event management company) officials have been taken into custody and are being taken for medical tests, on Friday. On June 4, the incident happened at Bengaluru's M Chinnaswamy stadium as a huge crowd of nearly three lakh people had gathered to witness the victory celebration of Royal Challengers Bengaluru, which won the Indian Premier League (IPL). https://x.com/ANI/status/1930900689351303502 Karnataka Pol ...Read More >
Srinagar, June 27: Lieutenant Governor Manoj Sinha interacted with National Cadet Corps (NCC) Cadets at the Special National Integration Camp, today at Badami Bagh Cantonment here. CLICK HERE TO WATCH VIDEO In his address, Sinha commended the NCC Directorate, J&K and Ladakh, Headquarters 15 Corps and Headquarters 31 Sub Area for organising Special National Integration Camp to provide an opportunity to expose youth from various parts of the country to the rich culture and traditions of J&K and present inspiring example of unity in diversity. Follow the Daily Excelsior channel on WhatsApp "N ...Read More >