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: A south Kolkata resident has found that a couple used his Aadhaar card, ownership records of his flat in an EM Bypass condo, without his knowledge and uploaded the documents on the govt portal as a fake address proof to obtain their own Aadhaar. The fraud came to light after the 52-year-old owner, currently living on Prince Anwar Shah Road, learnt from someone that the address of his flat at Urbana Housing Complex was used by a married couple for Aadhaar registration. He filed an RTI query with UIDAI in the first week of June. On receiving a confirmation, he lodged a complaint at the Anandapur PS. Police said the couple forged the complainant's signature to create fraudulent documents, which they uploaded on the govt portal. To the property owner's RTI query, the UIDAI authorities replied: "It is informed that address update in an Aadhaar is considered on receipt of such request with submission of a valid proof of address as specified vide the acceptable list of documents which is readily available on the official website of UIDAI i.e. uidai.gov.in." An investigating officer said the victim claimed the accused fraudulently prepared documents or NOC by forging his signature and might have submitted the said documents as genuine to obtain an Aadhaar card with a mala fide intention for their personal end. "He said he addressed a letter to the office of the ministry of electronics and information technology, UIDAI under the provision of RTI Act, 2005. The office replied the accused submitted a valid address proof to obtain an Aadhaar card," the officer said.Cops from the Anandapur Police Station have registered a case under multiple BNS sections. Their focus is on checking the authenticity of the documents submitted. The incident has prompted discussions on the need for stricter verification protocols in the Aadhaar registration process.
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
New Delhi [India], June 6 (ANI): Aadhaar number holders carried out over 211 crores authentication transactions, pushing the total number of such transactions since Aadhaar's inception to more than 15,223 crores (152.23 billion), according to a release by the Ministry of Electronics & IT. The ministry reported that the transaction in May 2025 saw more transactions, as compared to the same month last year, when 201.76 Cr such transactions were carried out. This growth in number is a reflection of how Aadhaar-based authentication has been playing a facilitating role in effective welfare delive ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Hyderabad, Jul 17 (PTI) Telangana Chief Minister A Revanth Reddy on Thursday requested Union IT and Railways Minister Ashwini Vaishnaw to give nod to proposed semiconductor projects in the state expeditiously. Reddy, who met the union minister in Delhi, appealed to him to sanction the proposed Advanced System in Package Technologies (ASIP) and other projects as Telangana is already equipped with world-class infrastructure, a conducive environment for innovation and state-of-the-art research and development centres, an official release said. The CM also sought to sanction several other electr ...Read More >
New Delhi [India], July 17 (ANI): Telangana Chief Minister A Revanth Reddy has requested Union Minister for IT and Railways Ashwini Vaishnaw to expedite the approval of semiconductor projects in the state, a release said on Thursday. The Chief Minister also appealed to the Union Minister to approve the proposed Advanced System in Package Technologies (ASIP) project and the Micro LED Display Fab Project, Crystal Matrix. As Telangana is already equipped with world-class infrastructure, a conducive environment for innovation, and state-of-the-art research and development centres, the Chief Minis ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
Srinagar, Jul 10: While the Information Technology (IT) department has claimed smooth functioning of the J&K RTI portal, several applicants and RTI activists have refuted government's version. Greater Kashmir stands by its news report carried on Thursday. Notably, on Wednesday Azad Parwaz, a lawyer and general secretary north Kashmir, PDP had taken to social media and highlighted erratic functioning of the portal. On his post on X, Parwaz had tagged CM Omar Abdullah, narrating the ordeal faced by RTI applicants. Parwaz had said that the portal was functioning properly for a few days of its l ...Read More >
New Delhi: Prime Minister Narendra Modi will launch multiple development projects worth several thousand crores and address public meetings in Bihar and West Bengal on Friday. The Prime Minister will lay the foundation stone and dedicate to the nation multiple development projects worth over Rs 7,200 crores in Bihar's Motihari. He will also unveil multiple development projects worth over Rs 5,000 crores at Durgapur in West Bengal. In Bihar, Mr Modi will lay the foundation stone, inaugurate and dedicate to the nation development projects catering to rail, road, rural development, fisheries, el ...Read More >
New Delhi, Jul 9 (PTI) Bengaluru-based realty firm Sattva Group will invest Rs 1,500 crore to develop a 30-acre mixed-use project in Vizag, Andhra Pradesh as part of its expansion plan. Sattva Group, which is one of the leading real estate firms in South India, decided to develop this project following a detailed discussion on Tuesday with Nara Lokesh, Minister for Information Technology, Electronics and Communications, in the Andhra Pradesh government. In a statement on Wednesday, Sattva Group said it will develop a 30-acre mixed-use project, 'Sattva Vantage Vizag Campus'. "With a planned ...Read More >
Ahmedabad: A 36-year-old resident of Chanakyapuri registered a complaint of cheating, forgery, and forging documents against two visa consultants who allegedly duped the complainant and his wife out of Rs 37.50 lakh after promising to arrange a UK work permit visa. Based on the complaint by a senior executive at a firm in Sanand, Sola High Court police registered a case on Friday under BNS sections 318(4) (cheating, dishonestly inducing the person deceived to deliver any property to any person), 336(3) (forgery, intending that the document or electronic record forged shall be used for the purp ...Read More >
Panaji: Goa govt has constituted a council for artificial intelligence (AI) to advise state govt on a six-month AI roadmap for the state. The council, which includes chief executive officers of several international companies, will be formed over the next six months.Goa's AI roadmap will focus on skill development, funding requirements, govt policy and infrastructure requirements, and finally, a plan to attract other AI-first startups to Goa. "We want to introduce AI at the school level. The focus is to see how AI can be used for tourism, governance, and cyber security," said chief minister Pr ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Aadhaar number holders executed over 211 crore authentication transactions in May this year taking the cumulative number of such transactions to more than 15,223 crore since inception, according to a statement issued by the Ministry of Electronics & IT on Thursday. The May authentication transactions are more than the previous month, as well as of May 2024 when 201.76 Cr such transactions were carried out. The growing number shows, how Aadhaar-based authentication has been playing a facilitating role in effective welfare delivery, and voluntarily availing v ...Read More >
Vijayawada (Andhra Pradesh) [India], June 7 (ANI): The Andhra Pradesh government introduced its draft Electronics Component Manufacturing Policy 4.0 during a roadshow organised by the Ministry of Electronics and Information Technology in the state, said an official statement. The event brought together prominent industry representatives to discuss manufacturing opportunities under India's recently launched Electronics Component Manufacturing Scheme. Also Read | Latur Shocker: Man Kidnaps Woman's Child for Rejecting His Proposal for Affair in Maharashtra, Arrested. According to an official s ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi, Jul 11 (PTI) The Congress on Friday said the Supreme Court order on pleas challenging the Election Commission's special intensive revision of electoral rolls in Bihar makes it clear that "no stay was asked for by any of the petitioners", and hoped the ruling will save a vast majority of voters from being disenfranchised. The Supreme Court on Thursday asked the Election Commission to consider Aadhaar, voter ID and ration cards as valid documents during its ongoing Special Intensive Revision (SIR) of electoral rolls in Bihar, set to go to polls later this year. Calling SIR a "consti ...Read More >
Amritsar (Punjab) [India], July 15 (ANI): The Golden Temple in Punjab's Amritsar received another bomb threat on Tuesday. The dog squad has been deployed at the Golden Temple premises as part of a security check. The holy site for Sikhs received a bomb threat via e-mail for the second consecutive day. Also Read | India Raises Pahalgam Terror Attack at SCO Meeting: EAM S Jaishankar Calls for 'Uncompromising Position' on Combatting Terrorism. Pratap Singh, Secretary of the Shiromani Gurdwara Parbandhak Committee (SGPC), demanded strict action against the miscreants. Pratap Singh told reporte ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
Hyderabad, July 17 (SocialNews.XYZ) Chief Minister A. Revanth Reddy on Thursday requested Union Minister for IT and Railways Ashwini Vaishnaw to expeditiously give approval for semiconductor projects in Telangana. The Chief Minister also appealed to the Union Minister to approve the proposed Advanced System in Package Technologies (ASIP) project and Micro LED Display Fab Project Crystal Matrix as Telangana is already equipped with world-class infrastructure, conducive environment for innovations and state of the art world-class research and development centres. Accompanied by state IT Minist ...Read More >
Gandhinagar (Gujarat) [India], June 7 (ANI): Gujarat Chief Minister Bhupendra Patel, while inaugurating the new Development Center of Infosys at GIFT City, reaffirmed the State Government's commitment to advancing the AI industry by implementing artificial intelligence-based systems across the state. He stated that the establishment of an AI Centre of Excellence at GIFT City is aimed at creating a unified platform that brings together solution developers, experts, professionals, and startups under one roof. Also Read | Latur Shocker: Man Kidnaps Woman's Child for Rejecting His Proposal for A ...Read More >
Hyderabad: The income-tax (IT) department has conducted inspections at 200 locations across the country, including among individuals employed in the Information Technology (IT) sector with links to Telangana, over the submission of fake bills to claim tax deduction. Although the raids were carried out in Maharashtra, Tamil Nadu, Delhi, Gujarat, Punjab, and Madhya Pradesh, it was reported that employees of several IT companies based in Maharashtra and Tamil Nadu -- originally from Telangana and holding Aadhaar addresses in various parts of the state -- had submitted ITRs with fake bills for ed ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domestic electronics manufacturing.Source : Freepik India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical ...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, Jul 15 (PTI) Electronics manufacturing services firm Dixon Technologies (India) Ltd on Tuesday said it has signed a binding term sheet to acquire a 51 per cent stake in Kunshan Q Tech Microelectronics (India). The proposed acquisition will be made through a combination of primary and secondary investments, the company stated in a regulatory filing without disclosing financial details of the deal. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 23 to September 7, Transport Minister Pratap Sarnaik Announces; Group Bookings Start July 22. "Dixon ...Read More >
Ahead of the 2026 Assembly elections, Prime Minister Narendra Modi will visit Durgapur, West Bengal, on Saturday to launch and inaugurate development projects worth over ₹5,000 crore. Key initiatives include the foundation stone for Bharat Petroleum's ₹1,950-crore City Gas Distribution project in Bankura and Purulia, and the inauguration of the ₹1,190-crore Durgapur-Kolkata gas pipeline under the PM Urja Ganga scheme. In run upto 2026 assembly polls, during Prime Minister's visit to Bengal ...Read More >
New Delhi/Hyderabad, July 17 (UNI) Telangana Chief Minister A Revanth Reddy has made a strong appeal to Union IT and Railways Minister Ashwini Vaishnav for early approvals to key infrastructure and technology projects aimed at boosting Telangana's economic growth. During a meeting held at Rail Bhavan on Thursday, the CM was accompanied by State IT Minister D Sridhar Babu and Irrigation Minister N Uttam Kumar Reddy. Chief Minister Revanth Reddy requested immediate approval for two major semiconductor projects: the Advanced System in Package (ASIP) Technologies project and the Micro LED Displa ...Read More >
New Delhi [India], July 17 (ANI): Telangana Chief Minister A Revanth Reddy has requested Union Minister for IT and Railways Ashwini Vaishnaw to expedite the approval of semiconductor projects in the state, a release said on Thursday. The Chief Minister also appealed to the Union Minister to approve the proposed Advanced System in Package Technologies (ASIP) project and the Micro LED Display Fab Project, Crystal Matrix. As Telangana is already equipped with world-class infrastructure, a conducive environment for innovation, and state-of-the-art research and development centres, the Chief Minis ...Read More >
New Delhi, Jun 27 (PTI) The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, i ...Read More >