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.
Mangaluru (Karnataka), Jul 12 (PTI): Two field operators of Mangalore Refinery and Petrochemicals Limited (MRPL) died following a suspected leak of hazardous vapours atop a storage tank in the Oil Movement Area of the facility on Saturday morning, officials said. According to MRPL officials, the experienced operators -- Deep Chandra Bhartiya and Bijil Prasad-- had climbed the platform of a tank around 8 am to check a suspected level malfunction. Later, both were found unconscious on the tank roof and were shifted to the company's first aid unit before being moved to a nearby hospital. However, they died. A third operator, Vinayak Myageri, who attempted to rescue the duo, has been hospitalised and is reported to be in stable condition, the officials said. A case will be registered based on statements from the victims' families or relatives, said Mangaluru City Police Commissioner Sudhir Kumar Reddy. According to the Commissioner, the two senior operators were found unconscious on top of a storage tank platform in the Oil Movement Section of MRPL. They were shifted to Srinivas Hospital in Mukka, but both succumbed during treatment. "Preliminary information suggests a minor leakage of hydrogen sulphide (H2S) gas, which the workers may have inhaled while checking the tank as part of their routine duties," said Commissioner Reddy. The workers were wearing masks at the time, he said. The leakage has since been sealed by MRPL's fire and safety team, who have declared the area safe. The victim Deep Chandra Bhartiya (33) was a native of Prayagraj, and Bijil Prasad (33) was from Kerala -- both were experienced MRPL operators. A third employee, Vinayak Myageri is from Gadag. He is said to be out of danger, police said. MRPL has constituted a high-level committee comprising Group General Managers to investigate the incident. Relevant statutory authorities have been notified, the company said. The cause of the incident is yet to be officially determined, pending the outcome of the internal inquiry. The refinery has not commented on whether there was any gas leak or exposure to toxic fumes. PTI COR AMP ADB
Bengaluru, June 5 (PTI) In a major development, Karnataka Chief Minister Siddaramaiah on Thursday suspended Bengaluru police commissioner B Dayananda and several other senior police officials in connection with the stampede outside the Chinnaswamy Stadium that killed 11 people. He also ordered the arrest of representatives of the RCB team, the event management firm DNA Entertainment Private Limited, and the Karnataka State Cricket Association (KSCA), hours after an FIR was registered against them under various charges, including culpable homicide not amounting to murder. The state government ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Bengaluru, June 6 (PTI) Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the sta ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Bengaluru, Jan 13 (PTI) The Karnataka High Court has dismissed on Monday an appeal by J Deepak and J Deepa, the legal heirs of late Tamil Nadu Chief Minister J Jayalalithaa, seeking the release of her assets confiscated in a 2004 disproportionate assets case. Jayalalithaa was convicted by a special court in 2014 for amassing wealth disproportionate to her known sources of income during her tenure from 1991 to 1996. Following her conviction, her properties were confiscated by the authorities. Although she was acquitted by the Karnataka High Court in 2015, then congress government in Karnataka ...Read More >
Kottayam (Kerala,), May 27 (PTI) Sister Anupama, who was the face of protests against former Jalandhar Bishop Franco Mulakkal in a rape case, has renounced nunhood and gone back to ordinary life, leaving the Catholic convent. For several years, she had been an inmate of a Kuravilangad-based convent, which is functioning under the Latin Catholic diocese of Jalandhar. A group of nuns, led by Sister Anupama, had fought on behalf of the victim nun who had accused Mulakkal of raping her multiple times. "She renounced nunhood and left the convent some time back," a church source told PTI. Howeve ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
Bengaluru, Jun 5 (PTI) Karnataka Chief Minister Siddaramaiah on Thursday ordered the suspension of Bengaluru police commissioner and several senior police officials in connection with the stampede in front of Chinnaswamy Stadium here, which left 11 people dead. He has also ordered the arrest of representatives of RCB, DNA event managers and Karnataka State Cricket Association (KSCA), while handing over the probe to the one-man judicial commission headed by retired High Court judge of Karnataka Justice Michael Cunha. The stampede occurred on Wednesday evening in front of the stadium, where a ...Read More >
Thiruvananthapuram/Chennai, Jun 6 (PTI) Malayalam actor Shine Tom Chacko's father died in a road accident near Dharmapuri in Tamil Nadu on Friday morning when the family was travelling to Bengaluru, police said. According to a senior police officer in Dharmapuri, the actor suffered a fracture to his left arm, while his brother and mother, who were also in the vehicle, and the driver of the car suffered minor injuries. The incident occurred early in the morning on the national highway from Salem to Bengaluru when the vehicle Chacko's family was travelling in tried to overtake a lorry in front ...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 >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
Thiruvananthapuram, Jun 6 (PTI) The Kerala Government's decision to change Bakrid holiday triggered a political row in the state on Friday with the Indian Union Muslim League (IUML) accusing it of attempting to implement "communal agenda and fascism" in the state. Originally Friday (June 6) was marked as holiday for Bakrid. However, following the reports that the festival would be celebrated on Saturday across the state, on Thursday, the Kerala government announced that Saturday, June 7, will be a public holiday for Bakrid. As per the change, government also declared that June 6 (Friday) wou ...Read More >
Bengaluru, Jun 6 (PTI) Karnataka BJP general secretary P Rajeev on Friday said he has filed a police complaint seeking legal action against Chief Minister Siddaramaiah, his deputy D K Shivakumar and Home Minister G Parameshwara for the June 4 stampede that killed 11 people. The stampede occurred on Wednesday evening in front of the Chinnaswamy stadium here, where a large number of people thronged to participate in the RCB team's IPL victory celebrations. Eleven people died and 56 were injured in the incident. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over St ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". "Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable, and convenient commute option for women who prefer to ride with female driver ...Read More >
Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >
Kochi, Feb 3 (PTI) The opposition Congress-led UDF on Monday intensified its criticism of Union Ministers George Kurian and Suresh Gopi over their recent controversial statements, calling their remarks "immature" and accusing BJP leaders like them of having contempt for Kerala. Addressing reporters here, the Leader of Opposition in the state Assembly, V D Satheesan, strongly criticised the "backward" remark made by Kurian, the Minister of State for Minorities and Fisheries, on Union Budget day, and stated that Kerala has only sought the funds it rightfully deserves from the centre. Taking a ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
New Delhi, Jun 7 (PTI) A 25-year-old man was apprehended on Saturday for allegedly giving a death threat to Delhi Chief Minister Rekha Gupta, police said. Though he has been identified as Shlok Tiwari, a police source said the accused is a fraudster and frequently changes his identity. He was arrested by the Delhi Police and is being interrogated in the office of the force's Special Cell in northwest Delhi, an official said. The accused made the threat on the emergency helpline 112 in neighbouring Ghaziabad in Uttar Pradesh on the intervening night of Thursday and Friday. The Ghaziabad pol ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Dwarakapudi (Andhra Pradesh), May 18 (PTI) Four children died of suffocation after being trapped inside a parked car in Vizianagaram district, police said on Monday. The children, who were playing outside the house, entered the parked vehicle at around noon on Sunday. "They were unable to exit as the doors of the unlocked car automatically locked after entry," police added. "We believe the car's auto-lock system engaged once the kids got in, trapping them," a police official told PTI, adding that the bodies were discovered six hours later, post-6 pm on Sunday. A case has been registered und ...Read More >
Thrissur(Kerala), Jun 7 (PTI) Union Minister Suresh Gopi on Saturday visited Malayalam actor Shine Tom Chacko and his mother who were admitted to a private hospital here after sustaining injuries in a car accident a day ago near Dharmapuri in Tamil Nadu, in which the actor's father died. The Union Minister of State for Petroleum, Natural Gas and Tourism told reporters that Chacko has a fracture in his left arm that requires surgery and his mother has a minor crack on her hip. He said that the actor has decided to undergo the surgery after the funeral of his father which is likely to be held ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Mysuru/Bengaluru, Jun 8 (PTI) Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha "hastily", surfaced now. The CM, however, clarified that the event at Vidhana Soudha was organised by the Karnataka State Cricket Association (KSCA), and that he attended the programme as he was invited. On June 4, along with a feli ...Read More >
Lucknow, Jan 28 (PTI) Uttar Pradesh's tableau at the Republic Day parade has won the first place in the People's Choice Award with 40 per cent votes (25,007), the state government said on Tuesday. The tableau showcased the grandeur of the Maha Kumbh and highlighted the sacred confluence of the Ganga, Yamuna, and Saraswati in Prayagraj as the world's largest gathering of humanity, the UP government said in a statement. Also Read | January 29 Birthdays and Birth Anniversaries: Know About Famous People and Celebrities Born on January 29. Centered on spirituality, heritage, development, and dig ...Read More >
Ghazipur (UP), Jan 31 (PTI) Eight people died and 11 others were injured when a truck collided with a van in Uttar Pradesh's Ghazipur district on Friday, officials said. The accident occurred in Revasa village of Nandganj area when the victims, residents of Haldichok village in Gorakhpur, were returning from the Maha Kumbh fair in Prayagraj, District Magistrate Aryaka Akhoury said. A truck hit the van from the side, causing its passengers to be thrown onto the road, following which the truck ran over them, Akhoury said. She said that Amar Singh (45), Surendra Gupta (54), Pushpa Yadav (40), ...Read More >
New Delhi, Jun 7 (PTI) A 25-year-old man was apprehended on Saturday for allegedly giving a death threat to Delhi Chief Minister Rekha Gupta, police said. Though he has been identified as Shlok Tiwari, a police source said the accused is a fraudster and frequently changes his identity. Also Read | Delhi CM Death Threat: Man Who Issued Threat Call to Rekha Gupta, Arrested From Ghaziabad. He was arrested by the Delhi Police and is being interrogated in the office of the force's Special Cell in northwest Delhi, an official said. The accused made the threat on the emergency helpline 112 in nei ...Read More >