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.
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 Guard ship Rajveer braved raging winds & rough seas to save US yacht Sea Angel with two crew, after complete propulsion failure near Indira Port. On 10 Jul 25, at 1157 hrs, ICG MRCC Port Blair received a distress alert from the US consulate in Chennai regarding yacht Sea Angel with one US and one Turkish crew, stranded 52 NM South East of Indira Point,' ICG wrote on X. https://x.com/IndiaCoastGuard/status/1943521266968989885 After receiving the distress call from the US Consulate in Chennai, MRCC activated the International Safety Net, alerting all nearby merchant vessels and launching rescue coordination protocols. Subsequently, ICG ship Rajveer was deployed for the rescue operation. The Indian patrol vessel reached the vessel on Friday morning and established communication with the stranded crew, conducted an on-site assessment. Upon arrival, the yacht was found with its sail blown off and ropes entangled in the propeller. The vessel was safely taken under tow and escorted to Campbell Bay, arriving at the harbour at 8:00 am. 'MRCC activated the International Safety Net, and ICG Ship Rajveer was deployed for a rescue operation. Upon arrival, the yacht was found with its sail blown off and ropes entangled in the propeller. Sea Angel was taken under tow at 1850 Hrs and brought safely to Campbell Bay at 0800 Hrs on 11 Jul 25,' ICG said. Last Month, Indian Coast Guard (ICG) successfully rescued three Sri Lankan nationals who had been abandoned on a sandbar near Adam's Bridge, off the coast of Dhanushkodi in Tamil Nadu. According to the Coastal Security Group Police, the trio had set off from Sri Lanka in an unidentified boat, which dropped them off on the sandbar located in Indian waters. (ANI)
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. 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,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...Read More >
The Japan Coast Guard Ship Itsukushima arrived in Chennai for the Global Ocean Voyage Training, strengthening Indo-Pacific ties. The India-Japan partnership is reinforced through cultural exchanges and a joint sea exercise, reflecting a shared maritime commitment in the region, as per an official statement from the Indian Coast Guard. The Japan Coast Guard ship, Itsukushima, has anchored at Chennai port as part of its Global Ocean Voyage Training, according to an official statement from the Indi ...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. 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 >
Guwahati: The Special Investigation Team (SIT) of the Assam police on Friday arrested another two persons including Sekharjyoti Goswami and Amritprabha Mahanta regarding the probe related to death of singer Zubeen Garg. The SIT produced the two in the court. The court remanded the duo to 14-day custody of the SIT. While Sekharjyoti Goswami is a member of Zubeen's band, Amritprabha Mahanta is a singer who was to perform in the North East India Festival at Singapore. Both of them were in the yach ...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 >
Raigad (Maharashtra) [India], July 13 (ANI): Pramila Patil, mother of crew member Maithili Patil, who died in the ill-fated Air India plane crash on June 12, reacted to the preliminary report of the Aircraft Accident Investigation Bureau (AAIB) and said Air India cant cause such negligence. The Air India Boeing 787-8 aircraft crashed shortly after takeoff from Ahmedabad Sardar Vallabhbhai Patel International Airport on June 12, resulting in the deaths of 260 individuals, including 229 passengers, 12 crew members, and 19 people on the ground. I cant say anything about it because we dont have ...Read More >
Hyderabad: A 23-year-old private employee accused her landlord and an electrician of installing a hidden camera inside the washroom of her rented flat in Yousufguda. Following her complaint, Madhura Nagar police registered a case and arrested the landlord on Thursday. The woman discovered the device late on Monday after her husband noticed a loose screw in the bulb holder and found a miniature camera concealed within.According to the police, the complainant had earlier informed her landlord, Asho ...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 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
New Delhi [India], July 9 (ANI): The Indian delegation, led by TK Ramachandran, IAS, Secretary, Ministry of Ports, Shipping and Waterways, Government of India, is participating in the 134th session of the Council of the International Maritime Organisation (IMO) in London. On the opening day of the session, India delivered a strong and principled statement addressing recent maritime incidents involving foreign-flagged container vessels operating in Indian waters. These incidents, caused by undeclared hazardous cargoes and structural and stability issues, have raised serious safety concerns. I ...Read More >
Ranchi (Jharkhand) [India] July 11 (ANI): The Indian Coast Guard has launched a nationwide awareness campaign from July 14 to July 20 to attract young recruits, highlighting the diverse and challenging career opportunities it offers. Union Minister of State for Defence, Sanjay Seth, held a press conference with Indian Coast Guard officials on Friday to announce the launch of an awareness campaign in educational institutions across Jharkhand. During the press conference, MoS Seth informed that the campaign is a result of the huge enthusiasm among the youth to join the forces after Operation S ...Read More >
India's Aircraft Accident Investigation Bureau (AAIB) released the preliminary report into the tragic crash. The report outlines a harrowing sequence of events that unfolded within 90 seconds of takeoff, as both engines of the aircraft shut down. Surat: Following the release of the preliminary report by the Aircraft Accident Investigation Bureau (AAIB), families of the victims asked if technical checks were done by Air India before allowing the plane to fly. Yashpal Singh Vansdiya, who lost both his parents in the accident, posed questions before the government and investigation agencies. The ...Read More >
"What were once predictable patterns of smuggling or piracy have now evolved into sophisticated operations using GPS spoofing, remote-controlled boats, encrypted communications, drones, satellite phones, and even networks operating on the dark web," he said at a three-day coast guard conference, stressing that maritime threats are becoming increasingly technology-driven and multi-dimensional. The coast guard commanders' conference brings together the service's top brass to deliberate on strategi ...Read More >
India Maritime Week (IMW) 2025 is a vision of India's maritime resurgence Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer and operator, is set to showcase its role in shaping the nation's Blue Economy at the ensuing India Maritime Week (IMW) 2025. India Maritime Week (IMW) 2025 is taking place at the Bombay Exhibition Centre in Mumbai from October 27-31. Adani Ports will showcase how technology, inclusion and indigenous innovation are powering the nation's jou ...Read More >
Vizag (Andhra Pradesh) [India], July 12 (ANI): Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Saturday hailed the Aircraft Accident Investigation Bureau (AAIB) for conducting a 'transparent and professional' investigation into the Air India flight AI171 crash. The Air India Boeing 787-8 aircraft crashed shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport on June 12, resulting in the deaths of 260 individuals, including 229 passengers, 12 crew members, and 19 people on the ground. Speaking to ANI, the Union Minister said the preliminary report rel ...Read More >
Pune (Maharashtra) [India], July 12 (ANI): Aviation expert Sanjay Lazar on Sunday said that the preliminary report by the Aircraft Accident Investigation Bureau (AAIB) on the Air India flight 171 crash raises more questions than answers, and expressed that the investigative authority should have made the transcript of cockpit voice recorder (CVR) public. He said that informing the public about only "one line" from the cockpit conversations about "switches" raises more questions. Also Read | Air India Plane Crash: AAIB Report Preliminary, We Can't Say Anything Definite at This Point, Says MoS ...Read More >
Patna (Bihar) [India], July 19 (ANI): Lashing out at Additional Director General (ADG) of Police Kundan Krishan statement made on rising crimes committed by the farming community, Union Minister Chirag Paswan on Saturday said that the statement was pointless, further stating that speaking this way about the providers of food was wrong. Speaking to ANI, Paswan stated that instead of putting the blame on farmers, the administration must take responsibility and fulfil their duties rather than washing their hands clean. Such statements are pointless. This kind of comment seems like an attempt to ...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 >
Mehsana (Gujarat): The father of Sanket Goswami, a 19-year-old student who died in last month's Air India AI171 crash, stated that he was "not satisfied" with the preliminary investigation report released by the Aircraft Accident Investigation Bureau (AAIB), and requested the government to conduct a "thorough investigation". He also urged the government to take strict action against those responsible for the incident. Sanket's father, Atul Goswami, told ANI, "My son was 19 years old... My family is living under such difficult circumstances. We used to rely on my son a lot. He was going to Lon ...Read More >
Aligarh (Uttar Pradesh) [India], July 17 (ANI): Congress leader Salman Khurshid on Thursday slammed the timing of Chief Minister Nitish Kumar announcing 125 units of free electricity in poll bound Bihar, claiming that announcing schemes right before elections undermines the concept of democracy. This is a new thing that has started in our politics, to say all this before elections. You mention in your manifesto what you plan to do in the next five years. However, giving something for free immediately during elections undermines the concept of democracy, Khurshid told reporters here. Ahead of ...Read More >
New Delhi [India], June 7 (ANI): The New Coast Guard Jetty at Vizhinjam was inaugurated by Director General S Paramesh, AVSM, PTM, TM of Indian Coast Guard in the presence of Inspector General Bhisham Sharma, PTM, TM, Commander Coast Guard Region(West) in an official ceremony held at Vizhinjam on Saturday, a release said on Saturday. As per the release, the CG Jetty at Vizhinjam will be a cutting-edge in safe berthing and swift deployment of surface assets. The newly inaugurated berth with 76.70 M length, 8 M Breadth and 4- 6 M depth can accommodate the present Coast Guard vessels held at Viz ...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 >
New Delhi: The Indian Navy led critical firefighting and rescue operations on Palau-flagged tanker MT Yi Cheng 6 in the North Arabian Sea on June 29, officials said on Tuesday. "In the early hours of 29 June, 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 assistance," the Indian Navy said in a statement. The officials added that the ship reached in v ...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 >
New Delhi [India], August 1 (ANI): As part of the Indian Navy ongoing operational deployment to South East Asia, Indian Naval Ships INS Delhi, Shakti, and Kiltan, of the Eastern Fleet, arrived at Manila, Philippines, said an official press statement. The visit is a testimony to Indian Navy commitment to strengthening partnerships in the Indo-Pacific. The ships, commanded by RAdm Susheel Menon, Flag Officer Commanding Eastern Fleet (FOCEF), were accorded a warm welcome by personnel of the Philippine Navy, underscoring the strong and growing maritime ties between India and the Philippines. On ...Read More >
Panaji: Defence shipbuilder Goa Shipyard Ltd (GSL) reported its strongest-ever financial performance, with gross revenue crossing the Rs 3,000 crore mark for the first time in FY 2024-25. Revenue surged 53% to Rs 3,190 crore, while the value of production jumped 71% to Rs 2,801 crore. GSL's order book stood at over Rs 16,000 crore as of April 1, comprising multiple projects for the Indian Navy, Indian Coast Guard, and overseas clients.The company is in final negotiations for a landmark Rs 18,000 crore contract to build the Indian Navy's next-generation corvettes, which, once signed, could push ...Read More >