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, Jul 11 (PTI) The Indian Coast Guard rescued a US yacht in distress and its two crew members after the sailing vessel got stranded in turbulent waters south-east of Indira Point in the Andaman and Nicobar Islands, officials said on Friday. Indian Coast Guard (ICG) MRCC (Maritime Rescue Coordination Centres) Port Blair received a distress alert from the US Consulate in Chennai at 11:57 am on July 10 regarding yacht 'Sea Angel' with two crew members -- one American and one Turkish -- stranded 52 nautical mile south-east of the Indira Point, they said. The vessel had got disabled amid extremely rough conditions with a blown sail and entangled propeller, a senior official of the ICG said. Acting with urgency, MRCC Port Blair activated the International Safety Net (ISN), alerting all nearby merchant vessels and launching rescue coordination protocols. Subsequently, ICGS Rajveer was deployed at 2 pm to render immediate assistance, the ICG said. "Demonstrating professionalism and precision, ICGS Rajveer reached the vessel by 5:30 pm, established communication with the stranded crew, and conducted an on-site assessment," it said. Despite heavy winds and mechanical disablement, the crew was found safe and in good health, the official said. By 6:50 pm, the vessel was safely taken under tow and escorted to Campbell Bay arriving the harbour at 8 am on July 11, the ICG said. The swift and successful rescue operation is a testament to the ICG's unwavering commitment to maritime safety, the official said. PTI KND DV
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra Police beefed up the security along the Raigad coastline after the Indian Coast Guard informed the ICG Murud in the Raigad district that a 'suspicious' Pakistani boat had been spotted 2.5 to 3 nautical miles offshore near the Korlai coast. However, after the police investigation, it was discovered that the 'suspicious object' spotted is likely a fishing net buoy fitted with a GPS tracker, used to prevent nets from sinking and to facilitate retrieval, police said in a statement. Also Read | Gold Rate Today, July 8, 2025: As Gold Price Co ...Read More >
Kolkata: Thirty-four fishermen from Kakdwip in two fishing trawlers were allegedly detained by the Bangladesh Navy in the early hours of Monday for allegedly crossing into Bangladeshi waters while fishing in the Bay of Bengal. According to sources, the two trawlers -- FV Jhor and FV Mangalchandi -- were intercepted about 77 nautical miles from the Fairway Buoy of Mongla Port in Bangladesh.Bangladesh media reported that a Bangladesh Navy patrol vessel spotted the trawlers fishing within their exclusive economic zone and detained the crew along with the boats and fishing equipment. The fishermen ...Read More >
New Delhi, Jun 30 (PTI) The coast guards of India, Japan, the US and Australia have launched the first-ever "Quad-at-sea" mission to boost operational coordination and interoperability in the Indo-Pacific. The decision to launch the mission was taken at the four-nation's grouping annual summit in Wilmington in September last year that was attended by Prime Minister Narendra Modi and other Quad leaders. "In a significant stride toward strengthening maritime security and interoperability in the Indo-Pacific, the coast guards of India, Japan, the United States, and Australia have launched the f ...Read More >
New Delhi, July 11 (UNI) The Indian Coast Guard (ICG) carried out a rescue operation for the US sailing vessel 'Sea Angel' yesterday, which was stranded about 52 nautical miles south-east of Indira Point, Andaman & Nicobar Islands. The yacht carrying two crew members was disabled amid rough conditions with a blown sail and entangled propeller, a Defence Ministry statement said. Upon receiving the distress alert, MRCC Port Blair alerted all nearby merchant vessels and launched rescue coordination protocols. Further, ICG ship Rajveer was deployed and the ship established communication with th ...Read More >
The tri-service all-women expedition 'Samudra Pradakshina' featuring nine officers began its global journey aboard IASV Triveni. Arriving in Fremantle, it demonstrates Indian women's leadership in armed forces and aims to strengthen India's maritime diplomacy. The yacht, symbolizing Atmanirbhar Bharat, will tackle challenges over nine months across 26,000 nautical miles. The Indian Army Sailing Vessel (IASV) Triveni embarked on a pioneering journey as part of the 'Samudra Pradakshina', the world ...Read More >
New Delhi, Oct 28 (PTI) The Delhi government, in collaboration with IIT-Kanpur, conducted cloud-seeding trials in parts of Delhi on Tuesday, with more such exercises planned over the next few days, Environment Minister Manjinder Singh Sirsa said. Environmentalists, however, termed the Delhi government's cloud-seeding trial a short-term measure, saying it may temporarily reduce pollution but fails to address the root causes of the capital's deteriorating air quality. According to officials, the aircraft took off from Kanpur for Delhi and covered areas like Burari, north Karol Bagh and Mayur V ...Read More >
New Delhi, Oct 28 (PTI) A critically injured Iranian fisherman has been evacuated mid-sea from a 'dhow' nearly 1,500 kilometres west off the Kochi coast, the Indian Coast Guard said on Tuesday. In a post on X, the Indian Coast Guard (ICG) also shared photographs of the rescue operation. "In a swift and coordinated rescue operation, (ICG) undertook long range mid sea (medical evacuation) of a critically injured Iranian fisherman from the dhow Al-Owais, approximately 1,500 km west of Kochi," it said. The Maritime Rescue Coordination Centre (MRCC) in Iran's Chabahar alerted the MRCC in Mumbai ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...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 >
The Indian Coast Guard said it rescued 31 fishermen stranded aboard the fishing boat IFB Sant Anton-I, which had been adrift in the Arabian Sea for 11 days due to a steering gear failure. IMAGE: The 31 fishermen after being rescued by the Coast Guard. Photograph: ANI Photo/Coast Guard The Goa-based vessel was reported missing about 100 nautical miles off New Mangalore, prompting swift action from the ICG's Karnataka headquarters. According to a press release issued on Sunday, the ICG deployed ...Read More >
Thane, Apr 5 (PTI) A family from Maharashtra's Thane district was allegedly swindled of more than Rs 1.66 crore by a man who exploited their fear of "black magic" and promised them divine remedies through elaborate rituals and pilgrimages, police said on Sunday. The Kasarvadavali police district on April 2 registered a first information report (FIR) against Manjunath Shetty, a resident of Andheri in neighbouring Mumbai, based on the family's allegations that they were manipulated into paying the accused over a period of two years to "neutralise black magic" performed by a relative, an officia ...Read More >
Mumbai, July 7 (PTI) After a 20-hour search operation involving multiple agencies, the "suspicious boat" spotted in the Arabian sea in Maharashtra's Raigad district has been identified as a fishing net buoy which was drifted into the Indian waters with an AIS transponder, police said on Monday. Considering the high alert situation, the sensitive operation has not been called off yet, said Raigad Superintendent of Police Aanchal Dalal. The Indian Coast Guard on Sunday night informed the police that the suspected Pakistani boat, "Muqadar Boya 99" with a boat number MMSI-463800411 was spotted n ...Read More >
Mumbai On High Alert: Unidentified Boat Spotted Near Raigad Coast; Security Protocols Increased (VIDEO) | Representatinal Image A high-alert security scare off the Raigad coast late on Saturday evening triggered a swift and extensive response from the Mumbai Crime Branch, Raigad Police, and multiple maritime security agencies. The suspected Pakistani boat, which was initially believed to pose a possible infiltration threat, was ultimately identified as a floating fishing net buoy commonly used by local fishermen.The suspected Pakistani boat, which was initially believed to pose a possible inf ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
New Delhi, Jul 1 (PTI) The Indian Navy contained a fire on board a Palau-flagged tanker in the North Arabian Sea and ensured safety of 14 of the vessel's Indian crew members. The Navy swung into action and launched the fire-fighting operation after receiving a distress call from the vessel on Sunday. The vessel reported a major fire in its engine room while operating approximately 80 nautical miles east of Fujairah in the United Arab Emirates (UAE). "The Indian Navy undertook a high-risk fire fighting and rescue operation on-board Palau-flagged tanker MT Yi Cheng 6 on June 29 in the North A ...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 >
Stocktwits - The death toll in the explosion at the Sigachi Industries (NSE:SIGC)' pharma plant in Pashamylaram, Telangana, rose to 34. "Several bodies have been found under the debris while removing it. As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment. The last leg of the rescue operation is still going on," district Superintendent of Police Paritosh Pankaj told PTI. Health Minister Damodara Raja Narasimha told the media that around 90 people were working in the plant when the accident happened, reportedly due to a suspected c ...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 >
Meerut (UP), Apr 6 (PTI) Police have arrested three people, including a woman, after three men drank alcohol from the same bottle and died, officials said on Sunday, adding that they suspected foul play. Police arrested three people, including a woman, after three men drank alcohol from the same bottle and died, officials have said, adding that they suspected foul play. According to police on Sunday, the three victims -- Baburam (60), a grocery shop owner, Jitendra (35), who worked at his shop and Ankit alias Daulat (40) -- purchased liquor from a government-authorised country liquor outlet ...Read More >
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra Police beefed up the security along the Raigad coastline after the Indian Coast Guard informed the ICG Murud in the Raigad district that a 'suspicious' Pakistani boat had been spotted 2.5 to 3 nautical miles offshore near the Korlai coast. However, after the police investigation, it was discovered that the 'suspicious object' spotted is likely a fishing net buoy fitted with a GPS tracker, used to prevent nets from sinking and to facilitate retrieval, police said in a statement. According to the police, the Indian Coast Guard has reporte ...Read More >
Two senior Assam Police officials have arrived in Singapore. They are investigating the death of singer Zubeen Garg. Garg died last month under mysterious circumstances. He was swimming in the sea. The officials will visit the location where Garg passed away. They will also meet with Singaporean counterparts to discuss the case. Two senior officials of the Assam Police reached Singapore on Monday to investigate the death of singer Zubeen Garg in the island country last month, an official said. ...Read More >
Ladakh Lt Governor Kavinder Gupta addressed recent violence. He vowed strict action against those disturbing peace. Four people died and many were injured in clashes. Over 100 security personnel also sustained injuries. The Lt Governor reviewed law and order. He assured support for injured personnel. Gupta emphasized peace and communal harmony in Ladakh. He urged citizens to uphold brotherhood. No one involved in acts of violence here on September 24 would be spared, Ladakh Lt Governor Kavinder ...Read More >
Mumbai, Jun 7 (PTI) A delegation of Indian Olympic Association, Central and Gujarat state government met Commonwealth Sport officials in London to have a better understanding of the process and the framework relating to securing hosting rights of the 2030 Commonwealth Games in Ahmedabad. The delegation included IOA chief PT Usha and officials from the Union Sports Ministry as well as the Gujarat state government. They met the Commonwealth Sport officials over two days in London. While the proposals for the final bid are expected to be submitted by August 31, the selection of the host city fo ...Read More >
Wednesday, 9 July 2025 () Congress leader and National Students' Union of India (NSUI) national incharge Kanhaiya Kumar, along with Pappu Yadav, who is an independent MP from Purnia Lok Sabha constituency, on Wednesday were snubbed by security from boarding a van during the Mahagathbandhan protest against electoral roll revision in poll-bound Bihar. ...Read More >
Port Blair (Andaman and Nicobar Islands) [India], July 11 (ANI): India Coast Guard (ICG) ship Rajveer successfully rescued a USA sailing vessel, Sea Angel, carrying two crew members, stranded in turbulent seas south-east of Indira Point, Andaman & Nicobar Islands. According to the ICG, the rescue operation was launched by MRCC Port Blair after they received a distress alert on Thursday night that a yacht, carrying one US and one Turkish crew, had experienced a propulsion failure at 52 nautical miles southeast of Indira Point, Andaman & Nicobar Islands. 'Heroic rescue at sea! Indian Coast Gua ...Read More >
New Delhi, Apr 1 (PTI) Lieutenant General Dhiraj Seth, who helmed the Southern Command during Operation Sindoor last year, took charge as the Vice Chief of the Army Staff on Wednesday. The decorated military officer succeeds Lt Gen. Pushpendra Singh. At a ceremony held on the South Block lawns, the general officer reviewed a guard of honour as he assumed the key leadership post in the Indian Army. A day earlier, Lt Gen. Seth relinquished his previous appointment as the general officer commanding-in-chief of the Southern Command. He also laid a wreath at the Southern Command War Memorial to ...Read More >
India was ready to strike Pakistan from sea during Operation Sindoor, Chief of the Naval Staff, Admiral Dinesh K Tripathi has reportedly said, months after the military action from India that took place in May 2025. During an address at the Naval Investiture Ceremony, the Navy chief heaped praise on Operation Sindoor and said it reflected the resolve of the Indian Navy. He said that the Navy maintained a highly aggressive posture throughout the period, and added: "It is not a hidden fact anymore ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) The Indian Coast Guard (ICG) on Friday launched two advanced Fast Patrol Vessels (FPVs), ICG Ship Ajit and ICGS Aparajit, at Goa Shipyard Limited (GSL). These vessels are the seventh and eighth in a series of eight indigenously built FPVs being constructed by GSL for the ICG, marking an important step forward in enhancing the nation's coastal surveillance and response capabilities, said an official statement. Designed and built entirely by GSL, the FPVs reflect the growing strength of India's indigenous shipbuilding capabilities. Measuring 52 metres in len ...Read More >
Bhubaneswar, Feb 23 (PTI) Odisha Chief Minister Mohan Charan Majhi on Monday said that there has been a gradual improvement in the Left Wing Extremism (LWE) situation in the state and around 40 Maoists are now active in six districts. Majhi, who is also in charge of the home department, said this while replying to a written question by BJD MLA Dhruba Charan Sahoo. Noting that the state government was working towards ending the LWE across Odisha by March 31, 2026, he said, "There has been a gradual improvement in the LWE situation in the state and around 40 Maoists operate in splinter groups ...Read More >
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock markets opened up the IPO window for companies. Over the past few days, Pine Labs, Wakefit and Curef ...Read More >