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.
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 and rural artisans -- and highlighted its alignment with India's green and circular economy goals.During the discussion, stakeholders from across the coir value chain highlighted key challenges faced by the sector, including constraints in enhancing export potential, limited access to capital, the need for quality upgradation, and issues related to competitive pricing in global markets.In response, the minister assured the participants of the ministry's full support in addressing these concerns through targeted interventions, policy facilitation, and enhanced collaboration to promote the sustainable growth and global competitiveness of the coir sector.She also assured full support in resolving GST-related concerns regarding coir fibre and pith. Additionally, she encouraged entrepreneurs to register themselves on the UDYAM and GeM portals to avail benefits from various govt schemes.Vipul Goel, joint secretary, ministry of MSME and chairman of the Coir Board, and Arun G, director, ministry of MSME and secretary of the Coir Board, along with other Coir Board officials were present at the industrial meet.Later in the evening, Shobha Karandlaje interacted with MSME representatives at the CODISSIA Trade Fair Complex. M Karthikeyan, president of CODISSIA, and office-bearers from various associations in Coimbatore participated in the meeting. A memorandum highlighting various issues faced by MSMEs -- including the establishment of a technology centre in Coimbatore and suggestions for addressing delays in payments -- was submitted to the minister by CODISSIA.
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Bengaluru, June 7 (SocialNews.XYZ) Hitting out at the Karnataka Congress leaders who defended the June 4 Chinnaswamy Stadium stampede incident which claimed 11 lives by comparing it to the Prayagraj tragedy where at least 30 people died, Union Minister of State for Micro, Small and Medium Enterprises and Labour and Employment Shobha Karandlaje said that 66 crore people had gathered in Prayagraj. Speaking to the media at the BJP office in Bengaluru on Saturday, the Union Minister stated: "You talk about the Prayagraj incident. Do you even know how many people gathered there? More than 66 crore ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. "These efforts aim to build modern, multimodal logistics systems w ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
Vastu Housing has raised $100 million from the global consumer internet group Prosus. The Amsterdam-based investor has acquired an 8.4% stake (7.8% fully diluted) in the home finance company. Vastu Housing Finance is a prominent player in the affordable housing finance sector, focusing on underserved communities. In September, Vastu received a $50 million loan from the United States International Development Finance Corporation (USDFC). Housing finance companies have attracted significant funding in recent months. Recently, Easy Home Finance raised $35 million in a fresh funding round led by ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform. The net proceeds from the public offer will be used for ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's industrial growth and it is imperative that this vital sector undergoes a transformative shift towards ...Read More >
The books for class 9-12 will be available from 2026-27. New Delhi: The National Council of Educational Research and Training (NCERT) has reduced the prices of books for classes 9 to 12 by 20 per cent. The decision was announced by NCERT Director Dinesh Prasad Saklani during an event held in the national capital on Monday. The reduction in the prices of books will be effective from the upcoming academic year. News agency PTI quoted the minister as saying that while the textbooks for classes 9- ...Read More >
New Delhi: Delhi govt has imposed a strict ban on direct purchases and cart-based procurement through the Government e-Market (GeM) portal for hospitals. The administration clarified that no healthcare facility or institution has the authority to make cart purchases or initiate bidding independently.The order emphasised that any non-compliance with these guidelines will face serious consequences, potentially leading to disciplinary or legal proceedings as determined by the relevant authority.The GeM portal, which commenced operations on Aug 9, 2016, functions as an online marketplace for centr ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check Details. The corporation will provide financial products -- including sho ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Emphasising the need for stringent regulation of food quality, Dr Sharan Prakash Patil, Karnataka Minister for Medical Education, Skill Development, Entrepreneurship and Livelihood urged both state and central food and drug authorities to closely monitor and regulate the standards of street and hotel food. Speaking at the World Food Safety Day programme organised by the Union Ministry of Health and Family Welfare at NIMHANS on Saturday, Dr Patil highlighted the serious health risks posed by unhygienic and adulterated food. 'Children and the elderly ...Read More >
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. The Roadshow will feature B2G meetings, offering a unique opportunity for potential investors to inte ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Questioning the 'silence' of the top leadership of the Congress party over the Bengaluru stampede incident, Union Minister Shobha Karandlaje on Saturday said that no remarks had been made by them as they consider Karnataka as their 'ATM'. 'I want to ask the Congress high command why they are silent. Rahul Gandhi, KC Venugopal and others used to come here often. Where are they now? They are silent because Karnataka is their ATM. They should demand the resignation of the CM and the Deputy CM,' Karandlaje said in a press conference. She further deman ...Read More >
Bhubaneswar: As India ushers in a new era in professional sports with the launch of the inaugural Rugby Premier League in the country, the Kalinga Black Tigers - one of the league's founding teams- marked a significant milestone with the unveiling of their official jersey and mascot at the Kalinga Stadium in Bhubaneswar Saturday. Backed by I-lunch Ventures, an investment firm deeply rooted in Odisha, the Kalinga Black Tigers represent more than just a sporting franchise; they embody a broader vision for the state's development and recognition on the national stage. Hunch Ventures has consiste ...Read More >
Union Secretary for Electronics and Information Technology (IT) S. Krishnan said on Monday (December 9, 2024) that as India's Internet grows further, investments in reliability would be required. "Yesterday, I was walking through Old Delhi, and if you look up and see the kind of cables carried along the sides of the roads, along the streetlights and lampposts, you wonder, is this what we are relying on?" he said, adding, "It's worse than a spaghetti bowl of cables." Mr. Krishnan said the Interne ...Read More >
New Delhi, Feb 5 (PTI) The Insolvency and Bankruptcy Board of India has amended rules to allow distressed homebuyers to take possession of their properties while the resolution process is ongoing. The amendments, notified on February 3, and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects, by introducing measures such as appointing facilitators, involving land authorities in the process, and ensuring better monitoring of resolution plans, according to an official release. Also Read | TS TET Result 2025 Declared at tstet2024.apt ...Read More >
Bhopal, June 5 (SocialNews.XYZ) Senior BJP leader and Madhya Pradesh Cabinet Minister for Urban Development, Housing and Parliamentary affairs, Kailash Vijayvargiya stirred controversy on Thursday with remarks disapproving of women wearing short outfits, asserting that such a trend is a foreign concept of beauty and not aligned with Indian tradition. A six-time legislator and a state government minister, Vijayvargiya emphasised that in Indian culture, women are regarded as a form of Goddess and should dress in a manner that reflects grace and dignity. Comparing cultural perspectives, he stat ...Read More >
New Delhi [India], June 6 (ANI): India and Italy will strengthen cooperation in agriculture and food processing, and set up Joint Working Groups in the automobile and space sectors, the Minister of Commerce & Industry said in a release. The decision was reached during a high-level meeting held between Union Minister of Commerce & Industry, Piyush Goyal, and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, in Brescia--Italy's manufacturing hub. The two leaders co-chaired the 22nd session of the India-Italy Joint Commission for Econom ...Read More >
New Delhi, Jun 8 (PTI) A day before his government marks its first anniversary in third term, Prime Minister Narendra Modi said on Sunday that the ruling BJP-led National Democratic Alliance has redefined women-led development in its 11 years in power. In all sectors, including science, education, sports, start ups and the armed forces, women are excelling and inspiring several people, Modi said on X. He cited a number of welfare programmes which, he noted, have benefitted women immensely. Various initiatives, from ensuring dignity through Swachh Bharat to financial inclusion via Jan Dhan a ...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 >
New Delhi [India], December 12 (ANI): Union Minister for Steel and Heavy Industries, HD Kumaraswamy, launched India's Green Steel Taxonomy at Vigyan Bhavan on Thursday. This landmark framework aims to revolutionize the steel industry by decarbonizing production processes and promoting environmentally responsible practices. The initiative signifies a major step toward aligning one of India's most vital industries with global sustainability goals. The event witnessed the presence of prominent dignitaries, including Minister of State for Steel and Heavy Industries, Bhupathi Raju Srinivasa Varma ...Read More >
New Delhi, Jun 6 (PTI) Union Minister Sarbananda Sonowal on Friday met Danish Minister Morten Bodskov to discuss bilateral maritime collaboration in Copenhagen. The Indian Minister of Ports, Shipping and Waterways Minister is on an official visit to Denmark. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. Sonowal held a meeting with the Danish Minister of Industry, Business and Financial Affairs Bodskov during his visit to Denmark, according to an official statement. The two ministers exchanged views on bilateral maritim ...Read More >
NEW DELHI: The Assembly on Friday celebrated the completion of 100 days of the Eighth Delhi Legislative Assembly with a ceremonial release of its Report Card - a document that highlights its key achievements, innovations, and its "evolving, inclusive legislative ethos." The event was held within the Assembly premises in the presence of Union minister Harsh Malhotra who lauded the Assembly's work, describing the Report Card as "a reflection of remarkable accomplishments" and lauding its theme of 'Virasat' and 'Vikas'. He further praised Speaker Vijender Gupta's balanced leadership, highlighti ...Read More >
Vijayawada: The Andhra Pradesh government and global chip giant Nvidia Corporation on Friday signed an agreement for setting up Artificial Intelligence (AI) University in the state. This collaboration will also foster a robust AI ecosystem within the state through comprehensive initiatives, including skilling, research, infrastructure development, and startup acceleration. This partnership is designed to position Andhra Pradesh as a national leader in AI-driven innovation and talent development, an official release said. As a core component of this agreement, both parties will collaborate to ...Read More >