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 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 Chennai, ICG Ship (ICGS) 'Rajveer' was deployed. "The Indian Coast Guard (ICG) carried out a rescue operation for the US sailing vessel 'Sea Angel' stranded about 52 nautical miles south-east of Indira Point, Andaman and Nicobar Islands on July 10, 2025," said the defence ministry in a statement. The yacht carrying two crew members, was disabled amid extremely rough conditions with a blown sail and entangled propeller. 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. At 6.50 pm, 'Sea Angel' was safely taken under tow and escorted to Campbell Bay arriving the harbour at 8 am on July 11, the ICG said.
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 >
A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, the data showed. The U.S.-Israeli war against Iran has all but halted shipping through the strait, but Iran says "non-hostile vessels" may transit the waterway if they coordinate with Iranian authorities. Green Asha and Green Sanvi have crossed the Gulf area and are in the eastern Strait of Hormuz, the data showed, taking the total number of Indian-flagged LPG carriers that have traversed the Strait to eight. India is gr ...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 >
India is set to receive its first Iranian crude oil shipment in seven years after temporary US sanctions relief, a report has claimed. India is poised to receive its first shipment of crude oil from Iran in seven years after the United States temporarily lifted sanctions on Iranian oil and refined products to address supply shortages, according to a Reuters report citing ship tracking data from LSEG and Kpler. State-run Indian Oil Corp (IOC), the country's largest refiner, has purchased the car ...Read More >
New Delhi: India-flagged large gas carrier Green Sanvi has safely transited the Strait of Hormuz on Friday night, carrying approximately 46,650 metric tonnes of Liquefied Petroleum Gas (LPG) cargo, official sources said. Earlier on March 28, a shipment of 47,000 metric tonnes of liquefied petroleum gas (LPG) arrived at the Vadinar Terminal of DPA Kandla in Jamnagar, Gujarat, on Saturday. The vessel, MT Jag Vasant, is set to transfer its cargo to another ship at anchorage through a Ship-to-Ship (STS) operation. Indian Navy warships were on standby to provide support to the merchant vessels, ...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 >
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 >
New Delhi: Indian Coast Guard's ship 'Sarthak' has entered the strategic port of Chabahar in Iran as part of its ongoing overseas deployment to Gulf countries, officials said on Wednesday. During the port call, Sarthak, an offshore patrol vessel, will engage in a range of activities to strengthen institutional linkages and enhance mutual understanding in maritime safety and security, they said. The ship entering the Chabahar port marks the "first-ever visit of an ICG ship" to the port, underscoring India's growing maritime engagement in the region, the officials said. The ICG said 'Sarthak' a ...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 >
India's Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) that sets the stage for long term cooperation between the two companies. They have agreed to jointly explore newbuilding opportunities in India and abroad and to share technical expertise. KSOE oversees the operations of some of the world's largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. CSL has built a robust reputation as a key player in India's maritime sector. The yard has delivered s ...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: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat leading with a ₹14,600 crore offer, inclusive of the disputed land parcel. However, if the land issue r ...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 >
MUMBAI: The BJP rushed to the defence of the state government over its decision to introduce Hindi as an optional language for Classes 1 to 5 after the Thackeray cousins announced their decision to hold a joint morcha against "imposition" of Hindi in state schools.CM Devendra Fadnavis on Friday said Marathi is compulsory, Hindi is optional. "Basically, students can learn any Indian language. We have accepted the three-language policy. When NE was introduced, the Uddhav Thackeray govt was in office. An 18-member committee was set up to study the policy, and in 2021 the Thackeray govt accepted i ...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 >
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: Marking the first-ever visit of an Indian Coast Guard (ICG) Ship to the port of Chabahar ICGS Sarthak, an Offshore Patrol Vessel, entered the Chabahar port in Islamic Republic of Iran. The ship is on a four-day visit from 16-19 December 2025 to Iran. Chabahar is a strategically placed deep-water port that offers India a direct maritime gateway to Iran, Afghanistan and Central Asia. ICG on Wednesday said that the visit "underscores India's growing maritime engagement in the region and ability to provide secure supply lines to Afghanistan and Central Asia, aligned with India's SAGAR ...Read More >
NEW DELHI: India strongly demanded that the International Maritime Organisation (IMO) undertake a comprehensive investigation and global review of all maritime incidents involving foreign-flagged container vessels operating in Indian waters. It said these incidents, caused by undeclared hazardous cargoes, and structural and stability issues, have raised serious safety concerns.Participating in the 134th session of the Council of the IMO, port and shipping secretary T K Ramachandran underscored the need to reinforce international protocols related to packaging, declaration, stowage, and monitor ...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 >
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 >
New Delhi [India], April 4 (ANI): India-flagged large gas carrier Green Sanvi has safely transited the Strait of Hormuz on Friday night, carrying approximately 46,650 metric tonnes of Liquefied Petroleum Gas (LPG) cargo, official sources said. Earlier on March 28, a shipment of 47,000 metric tonnes of liquefied petroleum gas (LPG) arrived at the Vadinar Terminal of DPA Kandla in Jamnagar, Gujarat, on Saturday. The vessel, MT Jag Vasant, is set to transfer its cargo to another ship at anchorage through a Ship-to-Ship (STS) operation. Indian Navy warships were on standby to provide support to ...Read More >