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, July 12: 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. Chhattisgarh: 7 Paper Mill workers Hospitalised Due to Gas Leak While Cleaning Tank in Raigarh District. 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. Jaipur Gas Leak: Carbon Dioxide Leaks Due to Broken Valve at Ajmera Oxygen Plant in Rajasthan, SDRF Rushes to Scene (Watch Video). 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. e="">
Gandhinagar (Gujarat) [India], October 31 (ANI): Chief Minister Bhupendra Patel flagged off the 'Sardar@150 Unity March' organised by the Ahmedabad Municipal Corporation to mark the 150th birth anniversary of Sardar Vallabhbhai Patel. On this occasion, he offered floral tributes to the statue of Sardar Vallabhbhai Patel and paid heartfelt homage to the Iron Man of India, the architect of a united and integrated nation, on his 150th birth anniversary. He stated that under the leadership of Prime Minister Narendra Modi, grand celebrations are being organised across the nation to commemorate the ...Read More >
The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes into Asia are surging -- tightening the market and pushing Urals to a rare $8/bbl premium over Brent. Washington's March 12 decision to allow sales of oil already loaded onto tankers had an immediate impact. Almost all of Russia's floating storage was quickly absorbed, pulling hesitant buyers back in and exposing just how tight the market has become ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum ...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 >
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has secured a $225.5 million contract from Kuwait Oil Company to build, operate and manage a gas sweetening and sulphur recovery facility at Kuwait's oilfields. The project will be completed in 790 days, followed by five years of operations and maintenance. Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contract ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Mangaluru: MangaloreRefinery and Petrochemicals Ltd (MRPL), the ONGC-owned refining major, posted a consolidated net loss of ₹272 crore in the first quarter of FY26, as softening refining margins and lower revenue from operations weighed on its performance. The company's topline fell sharply to ₹20,988 crore, down nearly 23% from ₹27,289 crore in Q1 FY25. Its Gross Refining Margin (GRM) slipped to US$ 3.88 per barrel, compared to US$ 4.70 per barrel a year ago, amid weaker product cracks and planned maintenance shutdowns. Despite the operational headwinds, MRPL achieved a new milestone by pr ...Read More >
Mangaluru (Karnataka), Jul 19 (PTI) MRPL, a subsidiary of ONGC and a Schedule "A" Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY 2025-26, compared to a profit of Rs 66 crore during the same period last year. According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company's Board of Directors approved the Q1 financial results at its 270th meeting held on July 18. The results reflect a decline in revenue from operations, which stood at Rs 20,988 crore in Q1 FY26, down from Rs 27,289 crore in Q1 FY25. ...Read More >
Thane: Crime Branch's Anti-Narcotics Cell busted an inter-state drug trafficking network after arresting a 42-year-old Uttar Pradesh-based peddler and recovering 3.3 kg charas valued at Rs 3.39 crore during a meticulously planned operation on Wednesday night.Acting on specific intelligence inputs, police laid a trap near a society at Uthalsar Naka around 10:30 PM on Thursday, leading to the arrest of Mohammad Maqsood Mohammad Ahmed, native to Phoolpur, district Prayagraj. "The accused was allegedly preparing to distribute the contraband across the region when he was intercepted by the anti-nar ...Read More >
NEW DELHI: Amid worsening weather conditions and continuous rainfall in parts of Uttar Pradesh, all government and private schools from Classes 1 to 12 in Lucknow will remain closed on Monday, according to district magistrate Visakh G Iyer.Several parts of Varanasi were inundated on Monday following relentless downpours and a steady rise in the water level of the River Ganga. The river has been rising continuously since Saturday, triggering concerns of urban flooding.In response, authorities have suspended all boat operations on the Ganga as a precautionary measure. Several residents were seen ...Read More >
Lucknow (Uttar Pradesh) [India], July 9 (ANI): Uttar Pradesh Minister Sanjay Kumar Nishad on Wednesday praised Prime Minister Narendra Modi's vision as the state launched a campaign to plant 37 crore saplings in a single day under the 'Ek Ped Maa Ke Naam' initiative. He urged people to take part in the drive, led by Chief Minister Yogi Adityanath, highlighting its role in increasing oxygen levels and restoring forest cover. Speaking to ANI, Sanjay Kumar Nishad said, '... I thank the Prime Minister's vision and 'Ek Ped Maa Ke Naam' that CM Yogi Adityanath is also following... Due to the decre ...Read More >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
LUCKNOW: The Prayagraj Police have intensified their investigation after an FIR was filed against Swami Avimukteshwaranand, the Shankaracharya of Jyotirpeeth, for alleged child sexual abuse. On Monday afternoon, a police team arrived in Varanasi and may question the seer if necessary. The team could also move forward with his arrest. Meanwhile, on Monday morning, the Shankaracharya held a meeting with lawyers at his Varanasi ashram. It is believed he may approach the Allahabad High Court to seek protection from arrest. After the meeting, he told media persons, "I am not running anywhere. I ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost, two people with direct ...Read More >
New Delhi, July 19 (PTI) The Regional Medical Research Centre in Bhubaneswar, under the Indian Council of Medical Research (ICMR), has developed an advanced malaria vaccine that can prevent plasmodium falciparum infection in individuals and minimise community transmission. The ICMR Delhi has invited Expressions of Interest (EoI) from eligible organisations, companies and manufacturers enthusiastic about the Transfer of Technology for commercial production of "a recombinant chimeric multi-stage malaria vaccine (AdFalciVax) against plasmodium falciparum". The pre-clinical validation of this te ...Read More >
Court directed police officer to ensure that petitioners are safely escorted to their choice of place ShowQuick Read Summary is AI-generated, newsroom-reviewed * Allahabad High Court ordered the release of an interfaith couple illegally detained by Uttar Pradesh Police * The couple was taken into custody without any legal direction or order from authorities * The female petitioner is a major and her detention violated her constitutional fundamental rights, court said Did our AI summary help ...Read More >
Mandya (Karnataka) [India], June 7 (ANI): Union Minister HD Kumaraswamy on Saturday demanded clarity from the Karnataka government regarding its investigation into the stampede outside M Chinnaswamy Stadium. He also accused the Congress-led government of 'dragging in' the Pahalgam terrorist attack and the Prayagraj stampede to deflect criticism over its own failures. 'The government is making decisions every hour on the stampede issue. What will they do in the end? First, there was a judicial investigation. Now there is a CID investigation. Finally, they will get the investigation report. Wha ...Read More >
Prayagraj (Uttar Pradesh) [India], July 9 (ANI): Ahead of the upcoming Kanwar Yatra 2025, Assistant Commissioner of Police (ACP) Ajay Pal Sharma stated that there would be three super zones and seven zones for the smooth movement of traffic in the city. He further stated that coordination was being established with other districts to ensure no one faces any inconveniences. 'The upcoming Kanwar Yatra will begin on July 11. In this regard, we have divided the area into three superzones and seven zones and then further into sectors...Ensuring the safety of Kanwariyas and facilitating their smoo ...Read More >
New Delhi: On the occasion of World Environment Day, the Federation of All India Farmer Associations (FAIFA), a non-profit uplifting the cause of millions of farmers and farm workers involved in commercial crop cultivation in states such as Uttar Pradesh, Gujarat, Maharashtra, Andhra Pradesh, Telangana, and Karnataka, organised a national seminar on the theme "Supplementing Farmer Income through Sustainable Farming Practices" at the Constitution Club of India in New Delhi. The seminar outlined a sustainable approach to leverage proven climate-resilient technologies to empower farmers. During ...Read More >
Bengaluru: 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 people came down to Pra ...Read More >
Amaravathi (Andhra Pradesh) [India], July 19 (ANI): A Telugu Desam Parliamentary Party meeting was held at the Chief Minister's Camp Office under the leadership of Chief Minister Chandrababu Naidu, in which it was emphasised that the party will focus on issues concerning Andhra Pradesh in the upcoming Parliament session. Andhra Minister Nara Lokesh and several MPs attended the meeting. Also Read | Ganeshotsav Declared 'Rajya Mahotsav': Maharashtra Government Elevates Century-Old Festival to State Festival Status, Plans Cultural Programs, Global Outreach and Tourism Promotion to Showcase Mara ...Read More >
Lucknow (Uttar Pradesh) [India], August 3 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath is closely monitoring the flood situation in Uttar Pradesh, issuing timely directives to ensure effective relief efforts. Acting on his instructions, state ministers are inspecting affected areas, while Relief Commissioner Bhanu Chandra Goswami informed that floods have impacted 37 tehsils and 402 villages, affecting 84,392 people. Of these, 47,906 have received assistance, and 2,759 animals have been shifted to safer locations. Also Read | Tejashwi Yadav Asked To Produce His '2nd' Voter ID Card a D ...Read More >
New Delhi, Aug 3 (PTI) The government has notified a new framework for the edible oil industry, imposing stricter registration and reporting requirements on producers to enhance transparency and oversight, according to an official release. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, notified on August 1 by the Ministry of Consumer Affairs, Food and Public Distribution, amends the Vegetable Oil Products Production and Availability (Regulation) Order, 2011, under Section 3 of the Essential Commodities Act, 1955. Under the new framework, producers will ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million barrels per day of discounted Russian crude shipped to India. The company refines the crude into p ...Read More >
Mangaluru (Karnataka), Jul 19 (PTI) MRPL, a subsidiary of ONGC and a Schedule "A" Mini Ratna Category-I company, on Saturday reported a consolidated net loss of ₹272 crore for the first quarter of FY 2025-26, compared to a profit of ₹66 crore during the same period last year. According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company's Board of Directors approved the Q1 financial results at its 270th meeting held on July 18. The results reflect a decline in revenue from operations, which stood at ₹20,988 crore in Q1 FY26, down from ₹27,289 crore in Q1 FY25. Gross R ...Read More >
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. Howeve ...Read More >
JAMMU, July 17: Chief Minister Omar Abdullah congratulated BJP leader Kavinder Gupta on his appointment as Lieutenant Governor of the Union Territory of Ladakh, and said that he will need to keep in mind that, just like in Jammu and Kashmir, one has to maintain a balance and be sensitive to the sentiments of the people of Leh and Kargil regions. Follow the Daily Excelsior channel on WhatsApp "My best wishes to Kavinder Gupta on being appointed as the Lieutenant Governor of Ladakh. But this responsibility is not easy. Working in high-altitude areas is challenging," Omar told reporters during ...Read More >
New Delhi [India], August 14 (ANI): The Bar Council of India (BCI) has approved the Rules of Legal Education, Moratorium (Three-Year Moratorium) 2025, which will remain in force for three years once published. Under this moratorium, no new law colleges will be set up or granted approval anywhere in India. Existing institutions will also not be allowed to start new sections, courses, or batches without prior written permission from the BCI. Pending applications that have already reached the final stage of approval will not be affected and will continue to be processed as per the law. The BCI ...Read More >
NEW DELHI: Come Saturday and people can whistle into Srinagar on a train as Northern Railway has notifed regular Vande Bharat Express services between Katra and the city. PM Narendra Modi will flag off the first passenger train to the Kashmir Valley on Friday from Katra.The service will be operational for six days a week with no train on Wednesday, railways said. More trains would be deployed depending on demand at a later stage, officials added. From Saturday, a pair of Vande Bharat trains will operate on the Srinagar-Katra-Srinagar route with an intermediate halt at Banihal. Journey time wil ...Read More >
Lucknow (Uttar Pradesh) [India], July 9 (ANI): Uttar Pradesh Minister Sanjay Kumar Nishad on Wednesday praised Prime Minister Narendra Modi vision as the state launched a campaign to plant 37 crore saplings in a single day under the Ek Ped Maa Ke Naam initiative. He urged people to take part in the drive, led by Chief Minister Yogi Adityanath, highlighting its role in increasing oxygen levels and restoring forest cover. Speaking to ANI, Sanjay Kumar Nishad said, ... I thank the Prime Minister vision and Ek Ped Maa Ke Naam that CM Yogi Adityanath is also following... Due to the decrease in tr ...Read More >