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, 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 the stranded crew and conducted an on-site assessment. Despite heavy winds and mechanical disablement, the crew was found safe and in good health. The yacht was successfully towed and escorted to Campbell Bay harbour today morning, the statement added. UNI RBE PRS
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 >
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 [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. The awards were conferred to honour and recognise bravery, leadership, professional achievement, and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devotion to Duty), and seventeen Vishisht Seva Medals. On being conferred with the Nausena Medal (Ga ...Read More >
New Delhi, Sept 12 (UNI) The Indian Coast Guard (ICG) has reaffirmed India's commitment to strengthening global maritime governance and positioning ICG as a key partner in shaping the agenda for safer, cleaner and more secure seas during the 4th Coast Guard Global Summit (CGGS) in Rome, Italy. A two-member Indian ICG delegation, led by Director General ICG Paramesh Sivamani are participating in the the summit being held from September 11-12, a Defence Ministry statement said. ICG Director General delivered a lecture titled 'Guardians Against the Blaze: ICG's Tactical Response to Fire Emergen ...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 >
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 >
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 >
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 >
Bengaluru : Titagarh Rail Systems Limited (TRSL), marked a key milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being built by TRSL under the Make in India initiative of the Ministry of Defence. The launch ceremony was graced by Mrs. Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch of the vessel. The craft was side launched into the Hooghly River at 16:10 PM. Diving Support Crafts ar ...Read More >
New Delhi [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. The awards were conferred to honour and recognise bravery, leadership, professional achievement, and distinguished service of Naval Personnel. Also Read | Ludhiana Suicide Case: Elderly Business Couple Dies by Suicide After Alleged Harassment by Bank Officials Over Loan Repayment, Probe Underway. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thir ...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 >
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, 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 >
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 >
New Delhi [India], July 1 (ANI): Indian Navy undertook a high-risk firefighting and rescue operation on board Palau-flagged tanker MT Yi Cheng 6 on June 29, ensuring the safety of 14 Indian crew members, the Defence Ministry said in a release. As per the release, in the early hours of June 29, 2025, INS Tabar on mission-based deployment received a Mayday distress call from MT Yi Cheng 6. The vessel reported a major fire outbreak in its engine room whilst operating approximately 80 nautical miles east of Fujairah, UAE. Responding swiftly, INS Tabar proceeded at maximum speed to provide assist ...Read More >
MANGALURU: The Indian Coast Guard (ICG) successfully rescued 31 fishermen from the fishing boat IFB Sant Anton-I, which had been adrift at sea for 11 days due to a steering gear breakdown. The vessel, based in Goa, lost control while at sea, prompting the Indian Coast Guard Headquarters No. 3 (Karnataka) to launch an immediate rescue operation on October 24, 2025. ICGS Kasturba Gandhi, which was on routine patrol, was diverted to the vessel's last known position, about 100 nautical miles off New Mangalore. Meanwhile, a Coast Guard Dornier aircraft from Kochi was deployed to locate the driftin ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooperation. If our appeals are ignored, we will fight and achieve our goal. I am ready to lead this battl ...Read More >
The Indian Coast Guard inducted 'Adamya', the first of eight Fast Patrol Vessels built by Goa Shipyard Ltd, enhancing maritime security with advanced technology and over 60% indigenous content. This vessel, equipped with state-of-the-art systems, will boost the ICG's capabilities in law enforcement, surveillance, and search and rescue operations.Fast Patrol Vessel (FPV) 'Adamya', the first in a series of eight being constructed for the Indian Coast Guard, and equipped with state-of-the-art techno ...Read More >
New Delhi, June 30 (UNI) To strengthen maritime security and interoperability in the Indo-Pacific, the Coast Guards of India, Japan, the United States and Australia have launched the first-ever 'QUAD at Sea Ship Observer Mission' under the Wilmington Declaration. Two officers, including women officers from each country have embarked on board US Coast Guard Cutter (USCGC) Stratton, which is currently sailing to Guam, a Defence Ministry statement said. The cross-embarkation mission marks an unprecedented step in QUAD Coast Guard collaboration, enhancing joint readiness, operational coordinatio ...Read More >
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra minister Yogesh Kadam on Tuesday said that a 'suspicious' Pakistan buoy, which was spotted in Indian waters near the Revdanda coast in Maharashtra's Raigad, a day ago, did not have anybody onboard, adding that an inquiry has been initiated in the matter. 'A part of the Pakistani ship, a buoy, was missing, and it drifted into the Indian waters due to sea currents. No one has entered our borders. Our coast guard security is quite competent, and we are definitely alert. Inquiry is underway,' said the minister Kadam. Maharashtra Police tigh ...Read More >
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 ...Read More >
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. Also Read | Delhi Building Colla ...Read More >
New Delhi: In a dramatic high-sea operation, Indian Coast Guard (ICG) rescued two sailors, one an Americana and the other Turkish when their vessel got stranded, about 53 nautical miles (about 96 km) south of the Nicobar Islands. The ICG also towed the vessel back to port. The MRCC (Maritime Rescue Coordination Centres) Port Blair received a distress alert from the US Consulate in Chennai at 11.57 am on July 10. Navigating through rough seas, the ship rescued the stranded US nationals who were on the US sailing vessel 'Sea Angel' on Thursday. The Coast Guard received a via US Consulate at Ch ...Read More >
New Delhi [India], July 1 (ANI): Indian Navy undertook a high-risk firefighting and rescue operation on board Palau-flagged tanker MT Yi Cheng 6 on June 29, ensuring the safety of 14 Indian crew members, the Defence Ministry said in a release. As per the release, in the early hours of June 29, 2025, INS Tabar on mission-based deployment received a Mayday distress call from MT Yi Cheng 6. The vessel reported a major fire outbreak in its engine room whilst operating approximately 80 nautical miles east of Fujairah, UAE. Also Read | INS Tamal Commissioned: Indian Navy's Latest Stealth Warship C ...Read More >
New Delhi, Sept 30: Defence Minister Rajnath Singh on Monday said that warfare is now "measured in hours and seconds, not months", with satellites, drones and sensors redefining the nature of conflict, as he urged the Indian Coast Guard (ICG) to develop a futuristic roadmap that anticipates new challenges, integrates cutting-edge technologies and continuously adapts strategies. In his address at the 42nd ICG Commanders' Conference held at the force's headquarters here, Singh also underlined that cyber and electronic warfare are "no longer hypothetical threats", but present-day realities. "A ...Read More >
Navi Mumbai: Raigad police beefed up security along the coastline after the Indian Coast Guard (ICG) Delhi informed the ICG at Murud in Raigad district that a suspicious 'Pakistani' fishing boat has been spotted in the Arabian Sea about 3 nautical miles near Korlai Fort in Murud taluka on Sunday around 9pm. However, after a police probe, it was learnt that it was not a boat but a fishing net buoy or floater, which is attached to a fishing boat to keep the net afloat. The buoy had accidentally detached from some fishing boat and drifted away about five months ago, said Raigad superintendent of ...Read More >