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 relief to thousands of industrial units operating in the national capital, the Municipal Corporation of Delhi (MCD) has abolished the requirement for obtaining and renewing factory licences from the civic agency. In the notified industrial areas, under the new system, the Factory Licence Fee will be fixed at 5% of the Property Tax. It will be collected annually along with Property Tax, simplifying both payment and compliance. For industrial units in designated industrial areas, the MSME Udyam Registration Certificate or the Allotment/Lease Deed issued by the government's DSIIDC will be treated as a deemed Factory Licence under Sections 416 and 417 of the DMC Act, 1957. This will eliminate the need for a separate factory licence from MCD, thereby reducing compliance burden on entrepreneurs. The new system will reduce the number of inspections by MCD officials. It has also been a grievance of industrial units that MCD officials sometimes visit or inspect factory premises for the wrong reasons. Responsibility for ensuring compliance with fire safety, environmental clearances, and structural norms will rest solely with the factory owner/occupier, who must obtain all necessary approvals from the competent authorities. Required changes will be made to the MCD Property Tax portal to integrate factory licence issuance and automate the payment and compliance workflow. Mayor Sardar Raja Iqbal Singh said that to promote Ease of Doing Business, MCD took the decision. The mayor stated that various industrial area associations and industry bodies have emphasised the need for reforms in the area of MCD licencing for factories and industrial units, highlighting that entrepreneurs are facing unease in conducting business.
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
New Delhi [India], July 10 (ANI): Delhi Chief Minister Rekha Gupta on Thursday claimed that there was no waterlogging in the national capital following heavy rain in Delhi-NCR from Wednesday night. CM Rekha Gupta said, 'We are solving the backlog of the last 27 years of Delhi one by one. Even after such heavy rains, there was no waterlogging in Delhi.' She added that there was no waterlogging at Minto Bridge, which made headlines in the media every monsoon. 'It was a trend for a picture of a waterlogged Minto Bridge to be published in the newspapers. But this time it did not happen,' the Ch ...Read More >
New Delhi, Jul 12 (PTI) Chief Minister Rekha Gupta on Saturday directed that one-third of the land reclaimed from Delhi's three major landfill sites should be used for public welfare projects such as hospitals, schools and sports complexes, while the remaining area be developed into advanced waste processing facilities. The directive was issued during a meeting held here to review the city's solid waste management progress, as the government aims to eliminate legacy waste dumps by 2026. The chief minister chaired the meeting along with Delhi Mayor Sardar Raja Iqbal Singh to review solid wast ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Ahmedabad: On the occasion of the 25th MSME Day, Entrepreneurship Development Institute of India (EDII), Ahmedabad, celebrated the resilience and entrepreneurial spirit of India's Micro, Small, and Medium Enterprises, acknowledging their role as key drivers of grassroots development and national progress by organising 'MSME Talk' at its campus. The highlight of the day was the 'MSME Talk' delivered by Shri R.D. Barhat, Joint Commissioner of Industries, Government of Gujarat, on the theme: 'Treading a Sustainable Growth Path for MSMEs Amidst Changing Business Dynamics.' Also present on the occ ...Read More >
Chandigarh: Haryana chief minister Nayab Singh Saini on Tuesday said the state govt was consistently working to provide better resources to the doctors and quality healthcare services to the citizens.He mentioned that medical colleges were being established in every district.While there were only six medical colleges in 2014, the number has now increased to 15, and nine new colleges are under construction. As a result, MBBS seats in the state increased from 700 in 2014 to 2,185, at present. The state govt aims to increase the MBBS seats to over 3,400 by 2029, said Saini.The CM was addressing a ...Read More >
Coimbatore: A world-class testing laboratory and training centre will be established in Pollachi for the benefit of the coir industry, said Union minister of state for micro, small and medium enterprises and labour & employment Shobha Karandlaje at a Coir Industrial Meet held in Pollachi on Friday.In her address, the minister emphasised that the coir sector is a key component of the MSME landscape, supporting grassroots entrepreneurship and contributing to the economy with a minimal carbon footprint.She appreciated the sector's role in providing sustainable livelihoods -- especially to women a ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...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 >
NewsVoir Pune (Maharashtra) [India], July 7: For today's go-getters and ambitious entrepreneurs and businesses, accessing quick business finance just got a lot more rewarding. Bajaj Finance Limited has launched 'Loan Utsav', a limited-time festive campaign designed to empower business owners with loans up to Rs. 80 lakh -- and exciting rewards like cashback up to Rs. 3,000 and brand vouchers to go with it. The Loan Utsav offer is valid from June 20, 2025, to July 31, 2025, and is available exclusively through the Bajaj Finserv App. The rewards are limited to the first 200 successful business ...Read More >
Madhya Pradesh Chief Minister Dr. Mohan Yadav wrapped up his three-day official visit to the United Arab Emirates today, delivering a compelling investment pitch that's already generating significant interest from global investors. The Chief Minister's packed Dubai schedule included high-level meetings with UAE government officials, business leaders, and Indian diaspora members, all focused on positioning Madhya Pradesh as India's next major investment destination. At the 'Madhya Pradesh Business Investment Forum' hosted alongside the Indian Business and Professional Council, Dr. Yadav made h ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses. Additionally, MSMEs are embracing formalization, with 51.7% of the surveyed reporting that they ar ...Read More >
NEW DELHI: Amid ongoing controversy over opening of meat shops, the Municipal Corporation of Delhi (MCD) on Thursday made it clear that there is no provision to shut meat shops on the kanwar yatra routes under the DMC ACT, 1957. The statement came a day after Culture and Tourism Minister Kapil Mishra said that meat shops would remain shut along the Yatra routes, claiming the decision was taken jointly by the Delhi government and the MCD. Speaking during an inspection from Apsara Border to Karol Bagh, Mishra said, "The MCD has taken a decision, and the government has also decided that all the ...Read More >
Union Commerce Minister Piyush Goyal on Saturday said that India will enter international trade agreements only if they serve the country's interests. Addressing the media during an event organised by leading industry chamber Assocham here, the minister said if India gets a good trade deal, it will go ahead with it. Goyal said that negotiations with the US are ongoing, adding that trade deals would materialise only if these are in the country's larger interests. "If it doesn't happen, we will n ...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 >
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 >
New Delhi [India], July 10 (ANI): Delhi is experiencing incessant rainfall since Wednesday causing water logging in several areas including Bindapur in Uttam Nagar, where roads are submerged under water. The water logging has made the day to day activities of residents difficult. The rains lashed parts of Delhi and the National Capital Region (NCR) on Wednesday, bringing relief from days of intense heat. Waterlogging was witnessed in several parts of Delhi. Traffic also came to a standstill in many parts of the national capital following the heavy rainfall. Aam Aadmi Party ( AAP) Delhi Pres ...Read More >
Shillong: Union finance minister Nirmala Sitharaman chaired a stakeholder interaction in Shillong on Saturday, where she engaged directly with business leaders, entrepreneurs, industry representatives and citizens, reaffirming the Centre's commitment to the development of the northeast.The event was organised by the Govt of Meghalaya in collaboration with the department of financial services, Central Board of Indirect Taxes & Customs (CBIC) and the Central Board of Direct Taxes.The session was attended by CBIC chairman Sanjay Kumar Agarwal, CBIC member Mohan Kumar Singh and senior officials fr ...Read More >
New Delhi: Municipal Corporation of Delhi (MCD) brought forward the deadlines for the complete biomining of legacy waste at three landfills -- Okhla, Bhalswa, and Ghazipur -- and the reclamation of land from Dec 2028 to Dec 2026. The information was shared by the civic body after a high-level review meeting on solid waste management in Delhi. The meeting was held under the chairmanship of the CM Rekha Gupta, urban development minister Ashish Sood, mayor Sardar Raja Iqbal Singh, MCD commissioner Ashwani Kumar and other officials.Singh said the discussions focused on 13 key agenda points, mainly ...Read More >
NEW DELHI: Nominations for the posts of Chairperson and Deputy Chairperson of the Standing Committee of the Municipal Corporation of Delhi (MCD) were filed on Friday at the office of the municipal secretary, with the elections for the posts slated for June 12. From the BJP, Satya Sharma filed her nomination for chairperson, and Sunder Singh filed for deputy chairperson. AAP's Praveen Kumar filed his nomination for chairperson and Mohini Jeenwal for deputy chairperson. "In the absence of the Standing Committee, major development plans could not be formulated in the corporation, but now all me ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
New Delhi [India], July 1 (ANI): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Delivering his inaugural address, Margherita said, '73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of t ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came off," said Aatish Mishra, the passenger."There was no depressurization, but this shouldn't have happ ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
MUMBAI, Aug 11 (Reuters) - About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner. The Indian government had taken into account the 25% ta ...Read More >
Bhubaneswar, June 8 (SocialNews.XYZ) Odisha Chief Minister Mohan Charan Majhi on Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One year ago, the people of Odisha, placed their faith in us, to build a future, that is inclusive, asp ...Read More >
Jaipur: In a decisive move, the state govt informed the Rajasthan High Court Tuesday it would not cancel the controversial 2021 sub-inspector recruitment examination, despite allegations of paper leaks and use of dummy candidates. After months of protests for and against the demand to cancel the exam as well as the court's directives for administrative clarity in the matter, the state govt finally made its stand clear during the hearing before the single bench of Justice Sameer Jain.Advocate general Rajendra Prasad, representing the state govt, said, "The decision to continue with the recruitm ...Read More >