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.
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.
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
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 >
Mumbai, July 11 (SocialNews.XYZ) Lower back pain is a national crisis that can affect the country's productivity, said Adani Group Chairman Gautam Adani on Friday, urging entrepreneurs to build India's first AI-powered spinal diagnostic platform. He was addressing the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery-Asia Pacific (SMISS-AP), in Mumbai. The Adani Group Chairman expressed shock over lower back pain becoming a leading cause of disability in the country and noted how it can destroy the dreams of the nation. "I was shocked to learn that low back pain is n ...Read More >
Hyderabad (Telangana) [India], September 8: In a significant step towards strengthening Australia-India cooperation in the field of Artificial Intelligence (AI), Deakin University, Australia, and the Department of Information Technology, Electronics and Communications (ITE&C), Government of Telangana, have signed a Letter of Intent to collaborate on mission-driven AI innovation aligned with public good and digital economy goals. Deakin University, Australia, is ranked among the top 1 of universities worldwide, with over 30 years of engagement in India across academia, industry, and government ...Read More >
He also urges Union Minister of State Jayant Chaudhary to ensure Central approval for the establishment of a National Skill Training Institute in Visakhapatnam IT & HRD Minister Nara Lokesh met Union Minister for Electronics & Information Technology and Railways, Ashwini Vaishnaw at the Parliament in New Delhi on Monday following his recent visit to the United States and Canada. During his visit abroad, Mr. Lokesh showcased Andhra Pradesh (A.P.) as an emerging hub for technology, innovation and ...Read More >
Emphasising that innovation must be guided by real-world needs, inclusivity and ethical considerations rather than technology alone, U.S. Consul General Ms. Laura Williams on Monday said India-U.S. collaboration is focused on advanced and frontier technology domains. Ms. Williams was speaking at an interactive session with startups and young professionals at the Ratan Tata Innovation Hub (RTIH), during her visit to Amaravati. She said bilateral cooperation between India and the U.S. is evolving ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, July 16 (SocialNews.XYZ) The Prime Minister Narendra Modi-led government has consistently strengthened the startup ecosystem and remains focused on further empowering entrepreneurs, especially from tier 2 and 3 cities, through inclusive efforts and a commitment to unlocking India's entrepreneurial potential, Commerce Minister Piyush Goyal has reiterated. Chairing the 10th meeting of the National Startup Advisory Council (NSAC) here, which brought together industry leaders, startup founders, policymakers and key stakeholders, the minister highlighted innovation as the foundation for ...Read More >
NewsVoir Bengaluru (Karnataka) [India], July 7: Upekkha, the India-US accelerator that has backed over 100 SaaS and AI startups, has announced VIBE 2025 (Vertical Intelligence & BEyond), the world's first summit dedicated exclusively to vertical AI. Scheduled for 10-11 July 2025 at The Leela Palace, Bengaluru, and co-hosted with SaaSBoomi, this two-day flagship event will showcase how AI can move from concept to real-world deployment within just 48 hours. "Walk in with a problem statement, walk out with a working AI pilot in 48 hours." This bold promise underpins VIBE 2025's mission -- to co ...Read More >
New Delhi [India], August 1 (ANI): India on Friday expressed confidence that its relationship with the United States will continue to move forward and it remains focused on the substantive agenda the two countries are committed to. Ministry of External Affairs spokesperson Randhir Jaiswal said at the regular media briefing that the bilateral partnership with the United States has weathered several transitions and challenges and the two countries share a comprehensive global strategic partnership. Jaiswal remarks came in response to questions on way forward for bilateral ties with the United ...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 >
Chief minister Bhagwant Mann on Tuesday interacted with industrialists in Bengaluru, pitching Punjab as a preferred investment destination. The CM, during his interaction, said that since March 2022, Punjab has received investment proposals worth ₹1.23 lakh crore, which will generate employment for around 4.7 lakh youth. "Sectors such as food processing, textiles, auto components, hand tools, bicycles, IT, and tourism are positioning Punjab as a role model for other states. Tata's second-larg ...Read More >
Karan Patel, founder of Redfox Cybersecurity Pvt. Ltd., joins the board of Fairfield by Marriott Mumbai Andheri West. His diverse expertise exemplifies a strategic approach to entrepreneurship, navigating multiple sectors. Patel's leadership, coupled with the team's varied skills, positions the hotel as a hub for hospitality excellence. In India's entrepreneurial ecosystem, Karan Patel stands out for his pursuit of excellence across sectors. As the founder of Redfox Cybersecurity Pvt. Ltd., and ...Read More >
Vijayawada, Dec 15 (UNI) Andhra Pradesh Minister for Education, IT and Electronics, Nara Lokesh on Monday met union Minister for Electronics and Information Technology and Railways, Ashwini Vaishnaw, at Parliament in New Delhi, following his recent visit to the United States. Minister Lokesh sought the Centre's support for rolling out an AI-powered Skill Census across Andhra Pradesh. He explained the pilot project conducted in Mangalagiri and highlighted the introduction of an AI-based interview mechanism to address challenges encountered during the pilot phase. The meeting came in the backd ...Read More >
Bhopal - In a transformative move set to redefine the future of education in India, Scope Global Skills University (SGSU), Bhopal, has announced the launch of its "AI First Campus" and a comprehensive "AI Action Plan." As Central India's first NEP and NSQF-aligned skills university, SGSU is committed to embedding artificial intelligence (AI) deeply into every aspect of higher education, from academic programs and faculty development to student engagement and industry collaboration. These new initiatives are part of the university's mission to lead the charge in AI-powered learning and to esta ...Read More >
Kurnool (Andhra Pradesh) [India], October 16 (ANI): Prime Minister Narendra Modi on Thursday hailed Google $15 billion investment in Andhra Pradesh as a significant milestone for the state digital future. The tech giant plans to establish India first artificial intelligence hub in Visakhapatnam, catalysing next-generation digital infrastructure and innovation. While adressing a public gathering in Kurnool, PM Modi said that Google $15 bn investment will accelerate Andhra Pradesh digital transformation and establish Visakhapatnam as a major AI and connectivity hub. This project (Google AI hu ...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 >
VIJAYAWADA: The Ratan Tata Innovation Hub (RTIH) of the Government of Andhra Pradesh hosted US Consul General Laura Williams on Monday for an interactive engagement focused on strengthening India-US cooperation in technology, innovation, and entrepreneurship. During her visit, Williams held detailed discussions with RTIH leadership to understand the Hub's vision, ongoing programs, and its role in nurturing startups across the state. The interaction highlighted RTIH's efforts to boost innovation-driven solutions addressing societal and public-good challenges through technology. As part of the ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...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 >
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. ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
PRNewswire Hyderabad (Telangana) [India], September 8: In a significant step towards strengthening Australia-India cooperation in the field of Artificial Intelligence (AI), Deakin University, Australia, and the Department of Information Technology, Electronics and Communications (ITE&C), Government of Telangana, have signed a Letter of Intent to collaborate on mission-driven AI innovation aligned with public good and digital economy goals. Deakin University, Australia, is ranked among the top 1% of universities worldwide, with over 30 years of engagement in India across academia, industry, a ...Read More >
But he said there were no plans to open up more visa routes to Indian workers or students. "The issue is not about visas," Sir Keir said. "It's about business to business engagement and investment and jobs and prosperity coming into the United Kingdom." The UK's trade deal with India was signed in July after years of negotiation. It will mean UK cars and whisky will be cheaper to export to India, and Indian textiles and jewellery cheaper to export to the UK as part of the multi-billion pound t ...Read More >
Karan Johar has launched the brand new reality series Pitch To Get Rich and it has got all the attention from fashion enthusiasts. The show series created by the Fashion Entrepreneur Fund (FEF) and Dharmatic Entertainment, aims to support the next generation of fashion entrepreneurs and convert their creativity into serious business. The fashion entrepreneur reality series not only gives a platform to those new in the fashion industry but also a chance to secure a huge investment pool. Pitch to ...Read More >
Bengaluru: Senior Congress leader P Chidambaram on Wednesday reacted to Biocon chairperson Kiran Mazumdar-Shaw's offer to help improve Bengaluru's infrastructure. The Congress said that the city's main problem is not the money but the execution of plans. "I noted with interest Mrs Kiran Mazumdar Shaw's offer to fund the development of some roads in Bengaluru. A great offer! Congratulations! BUT, the problem with our public works is not the lack of public money; the problem is in the execution of the public work," Chidambaram posted on his X account. He further suggested that the government c ...Read More >
Ashwini Vaishnaw announced the government's plan to provide free AI training to approximately 5.5 lakh village-level entrepreneurs (VLEs) under the IndiaAI Mission. This initiative aims to skill 10 lakh individuals, prioritizing VLEs who offer essential digital services in nearly 90% of Indian villages. The IndiaAI Mission, with a budget of ₹10,371. NEW DELHI: Ashwini Vaishnaw, Minister of Railways, Electronics & Information Technology (MeitY) Railways, and Information & Broadcasting (I&B), We ...Read More >
Jayshree Ullal (left), Kiran Mazumdar-Shaw (centre), Falguni Nayar (right) India's businesswomen and entrepreneurs recently made history at the release of the M3M Hurun Rich List 2025 on Wednesday. As per the annual report published by the Hurun Research Institute, which tracks the wealth and assets of India's most affluent groups and families, India's businesswomen made history this week by featuring in the top spot of the Hurun India rich list for the very first time. Roshni Nadar Malhotra (44) & family debut in the Top 3 with a wealth of Rs 2.84 lakh crore, becoming India's richest woman ...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 >
NEW DELHI: INDIA is discussing age-based restrictions with social media companies, IT minister Ashwini Vaishnaw said Tuesday, following moves by Australia and other countries to ban young teens from popular platforms. Vaishnaw, speaking at a global artificial intelligence conference in New Delhi, also said stronger rules were needed on deepfakes, while hailing an expected $200 billion in AI investment over the next two years. Australia has since December required TikTok, YouTube, Snapchat and a host of other top social media services to remove accounts held by under-16s, or face heavy fines. ...Read More >