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.
Kolkata: Indian Coast Guard (ICG) rescued two foreign nationals -- an American and a Turkish crew member -- from a US sailing vessel stranded in the Bay of Bengal early on Friday. The vessel, Sea Angel, was stranded 52 nautical miles southeast of Indira Point in the Andaman & Nicobar Islands, officials said.The Maritime Rescue Coordination Centre (MRCC) in Port Blair received a distress alert late on Thursday from the US consulate in Chennai, prompting the Coast Guard to start the rescue operation. The yacht lost propulsion due to a blown sail and an entangled propeller while battling rough sea conditions, sources said.MRCC alerted nearby merchant ships and deployed ICG ship Rajveer for the rescue. The Coast Guard vessel established communication with the stranded yacht and assessed the situation on-site. The crew was found to be in good health despite challenging conditions at sea."Despite heavy winds and mechanical disablement, the crew was found safe and in good health. On the morning of July 11, the yacht was successfully towed and escorted to Campbell Bay harbour," ICG said in a statement.
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 >
Kolkata, Nov 17 (SocialNews.XYZ) The Indian Coast Guard (ICG) on Monday once again detained Bangladeshi fishermen for violating Indian waters in the Bay of Bengal. This time Indian Coast Guard detained a trawler with 26 fishermen. They were handed over to Fraserganj Coast Police Station in the South 24 Parganas district. They will be produced in the Kakdwip Sub-divisional court on Tuesday. On Sunday, the Indian Coast Guard detained 29 Bangladeshi fishermen from another trawler, which similarly ventured into Indian waters. In two days, a total of 55 Bangladeshi fishermen have been detained. ...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, 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 >
"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 >
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 >
Kolkata: An Indian fishing trawler, FB Paramita-11, capsized near the India-Bangladesh International Maritime Boundary Line (IMBL) in the Bay of Bengal during the wee hours of Monday, causing all 16 fishermen, including the captain, to fall into the water. At the time of filing of the report, 11 had been rescued. But five remained missing. The Indian Coast Guard (ICG), however, stated that 15 fishermen had been rescued and maintained that there was no trace of five. The trawler had set out from N ...Read More >
Chennai ( Tamil Nadu) [India], November 27 (ANI): As a deep depression in the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, the Indian Coast Guard has started coordinating with the state agencies to ensure seafarers' safety. The ICG said that its ships, aircraft and radar stations issued advisories for fishing boats to return to the harbour. "Deep Depression in the #BayofBengal likely to intensify into a cyclone and move towards #Tamilnadu, as per #IMD. @IndiaCoastGuard Region HQs (East) is coordinating with state agencies to ensure seafarers' saf ...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 >
India will host the 5th Coast Guard Global Summit (CGGS) in Chennai in 2027, coinciding with the Indian Coast Guard's (ICG) 50th anniversary. The three-day summit will include an International Coast Guard Fleet Review and a World Coast Guard Seminar, aimed at enhancing cross-border collaboration and advancing dialogue on maritime security and cooperation. The decision to hold the next CGGS in India was reached by consensus during the 4th edition of the summit, held in Rome on September 11-12, 2025. The event was attended by delegates from 115 countries and international organisations, reflect ...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 >
India's Defence Acquisition Council (DAC) has approved military procurement proposals valued at approximately Rs2,380bn ($25.14bn) on 27 March 2026. The council cleared acquisitions for the Indian Army, Air Force, and Coast Guard, covering a range of systems and equipment. The Indian Army received approval for procurement of the Air Defence Tracked System, Armoured Piercing Tank Ammunition, High Capacity Radio Relay, Dhanush Gun System, and Runway Independent Aerial Surveillance System. The Air Defence Tracked System is set to deliver real-time control and reporting for air defence operatio ...Read More >
KOCHI: Stranded at sea, with no food and no land at sight, 40-year-old Ranjumoni Sonowal kept on swimming for 36 hours clinging on to two plastic cans. By the time Indian Coast Guard ship Arnvesh found him, Ranjumoni was weak and dehydrated. Ranjumoni, a fisherman employed by Tamil Nadu-registered mechanised fishing vessel 'Zion', went missing late on March 30 night when the vessel was returning.The incident happened nearly 27km off the Kochi coast. The boat workers informed Maritime Rescue Coordination Centre in Mumbai, which issued an alert to the Maritime Rescue Sub Centre in Kochi. The C ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...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, Apr 6 (PTI) The keel-laying ceremony of an Indian Coast Guard fast patrol vessel (FPV) -- the fourth in a series of 14 being built for coastal security, search and rescue, and law enforcement -- was held on Monday, officials said. The ships are being built in consonance with the nation's vision of 'Atmanirbhar Bharat' and are poised to augment the ICG's presence in the Indian Ocean Region, they said. "Keel-laying ceremony for FPV-4 (Yard 16504) along with plate cutting ceremony for F ...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 >
A two-member Indian Coast Guard (ICG) delegation, led by Director General Paramesh Sivamani, is participating in the 4th Coast Guard Global Summit (CGGS) in Rome, Italy, from September 11-12. The summit has drawn participation from 115 countries and international organisations, reinforcing its position as a leading platform for maritime cooperation. Hosted under the co-chairmanship of Italy and Japan, this edition of the CGGS focuses on strengthening multilateral efforts in maritime safety, mar ...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 >
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 >
KOCHI: The Cochin Shipyard Ltd (CSL) has received an order from Polestar Maritime Ltd to build two 70-tonne bollard pull tugs. This is in addition to the three bollard pull tugs of similar capacity under construction at the Udupi Cochin Shipyard Ltd. Polestar Maritime is a major player in the niche market of harbour tugs, coastal towing and marine services at ports. The tugs will be built in accordance with the designs of Robert Allan Ltd, a leading design house for harbour tugs. CSL and Udupi-CSL have introduced the Robert Allan tugs in India, complying with the Approved Standardised Tug De ...Read More >
Vijayawada (Andhra Pradesh), the Indian state inland city that dont have any beach is what i believe. But there are some really nice beaches just a short distance away for relaxing and fun. From this article you will get to know about the beach friendly places near Vijayawada (beach goers should read this only) Vijayawada is a busy city located on the eastern coast of India and on the banks of the Krishna river in the state of Andhra Pradesh. As Vijayawada is an inland city, it doesn't have any beaches in the city but you can find a couple of cool beaches in around Vijayawada. That are just p ...Read More >