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.
Maharashtra News: Following criticism over using Kolhapuri-style sandals on the runway without proper credit, Italian fashion house Prada has now expressed interest in launching a limited-edition Kolhapuri-inspired collection in collaboration with Indian artisans. The development was confirmed by the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA), which held a virtual meeting with senior officials from Prada's Milan headquarters. The conversation focused on ethical sourcing, cultural acknowledgement and future collaborations with traditional Indian craftspeople.
New Delhi: The Italian luxury couture label shocked the desi fans after they featured at least seven of the 56 runway looks featuring sandals that bear a striking resemblance to traditional Indian Kolhapuri Chappals - without any credit. After facing backlash over it, Prada has finally acknowleged that the footwear pieces featured in its Men's 2026 Spring/Summer show in Milan, were inspired by the traditional Indian handcrafted pieces made in specific districts of Maharashtra and Karnataka. In an exclusive response to NDTV, the Prada Group Press Office mentioned, "At Prada Group, we have alwa ...Read More >
Nagpur: The 11th batch of the flagship MBA programme (2025-27) and the 5th batch of the PhD regular programme (2025-29) of IIM Nagpur was inducted at its MIHAN campus on Sunday. IIM Nagpur welcomed a diverse cohort of newly inducted students.Of the 323 MBA students enrolled, 100 are females and 223 males, representing 23 states and Union Territories, from Nagaland, Ladakh, Jammu & Kashmir to Kerala, Tamil Nadu, Maharashtra, UP, Delhi, and Bihar. Last year, the institute's intake was stretched up to 360 first-year admissions, marking a six-fold rise since it started operations with 60 students ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
HYDERABAD: As the world observes Artificial Intelligence (AI) Appreciation Day on Wednesday, Hyderabad is emerging as a powerhouse in India's AI revolution. With a booming startup ecosystem and strong government backing, the city is integrating AI into sectors like healthcare, agriculture, and legal systems, reshaping the role of technology in everyday life. Hosting over 500 AI startups, Hyderabad is now one of India's premier AI hubs. According to Deloitte's "Tech Trends 2025 - India Perspective" report, India's AI market is projected to reach USD 17 billion by 2027, growing at 25-35% annual ...Read More >
Kargil, Oct 23: The Kargil Jan Hit camp, an integrated mega awareness and outreach programme aimed at reaching unemployed youth, artisans and entrepreneurs of far-flung areas, concluded successfully on Thursday at the Syed Mehdi Memorial Auditorium, Kargil. The Lieutenant Governor of Ladakh graced the valedictory session as the chief guest, marking the successful culmination of the month-long initiative held across 31 Gram Panchayats from September 10 to October 16, 2025. The programme witnesse ...Read More >
NEW DELHI (AP) - India is hosting an artificial intelligence summit this week, bringing together heads of state, senior officials and tech executives to New Delhi for a five-day gathering highlighting the growing global importance of the technology. Organizers said the India AI Impact Summit is the first such summit being held in the Global South to discuss the technology developed and dominated by wealthy companies based in rich countries. It comes at a pivotal moment as AI rapidly transforms e ...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 >
Mumbai, Jun 28 (PTI) Following the backlash after featuring footwear strongly resembling Kolhapuri chappals, Italian fashion house Prada has acknowledged that it was inspired by the Indian handcrafted footwear. "We acknowledge that the sandals featured in the recent Prada Men's 2026 Fashion Show are inspired by traditional Indian handcrafted footwear, with a centuries-old heritage. "We deeply recognize the cultural significance of such Indian craftsmanship," said Lorenzo Bertelli, Prada Group Head of Corporate Social Responsibility, in a letter to Lalit Gandhi, president of Maharashtra Chamb ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...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 >
Dehradun (Uttarakhand) [India], July 16 (ANI): Following the tragic road accident in the Muwani area of Pithoragarh district on Tuesday that claimed eight lives, Uttarakhand Chief Minister Pushkar Singh Dhami announced that the state government would provide Rs 2 lakh each to the families of the deceased and Rs 50,000 to the injured. This would be in addition to the ex-gratia of Rs 2 lakh from the Prime Minister's National Relief Fund (PMNRF), announced by Prime Minister Narendra Modi, which would be given to the next of kin of the deceased. Also Read | Weather Forecast Today, July 16: Check ...Read More >
New Delhi, Aug 20 (SocialNews.XYZ) Hydrogen today costs around $5 per kilogram and if India can bring this down to $1 dollar per kilogram, we won't just achieve energy independence, we can become a global exporter of clean energy, Union Minister of Road Transport and Highways, Nitin Gadkari, said on Wednesday. Highlighting India's leadership in renewable energy, Gadkari said that solar energy is the 'Sanjeevani Booti' for our planet and hydrogen is the fuel of the future. "I drive a Toyota Mirai, which itself means 'future' in Japanese, because I believe hydrogen will transform mobility and ...Read More >
Thiruvananthapuram: State IT Mission, in collaboration with Kerala Startup Mission (KSUM), invited artificial intelligence (AI) solutions that address real-world governance challenges identified by various departments under the 'K-AI Initiative: AI for Governance' programme.Innovators, students, researchers and startups can submit AI-based governance solutions that can be leveraged by various governing bodies of state govt. A flagship initiative aimed at accelerating the adoption of AI solutions across govt departments, Kerala AI (K-AI) envisions a collaborative ecosystem where emerging techno ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
New Delhi, June 28 (SocialNews.XYZ) After facing severe backlash, Italian fashion house Prada has officially admitted that the Kolhapuri Chappals, featured in the recent Prada Men's 2026 Fashion Show, is inspired by India's handcrafted footwear traditions. In a letter to Lalit Gandhi, president of Maharashtra Chamber of Commerce, Industry, and Agriculture, Prada noted that it is "open for meaningful exchange with artisans". "We acknowledge that the sandals featured in the recent Prada Men's 2026 Fashion Show are inspired by traditional Indian handcrafted footwear, with a centuries-old herita ...Read More >
MUMBAI/MILAN, July 2 (Reuters) - Indian footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft. Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origi ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Itanagar: Arunachal Pradesh Chief Minister Pema Khandu said on Thursday that the state has immense potential, endowed with rich natural resources, unique agro-climatic conditions, and a strong tradition of craftsmanship. Inaugurating the two-day Arunachal Pradesh Reverse Buyer-Seller Meet (RBSM) 2025 at a city hotel here, the Chief Minister said the event marks a significant step toward positioning Arunachal Pradesh as a key contributor to India's export ecosystem. "From kiwi and mandarin oranges to large cardamom, ginger, and pineapple, our state has the potential to become an important pla ...Read More >
PMMY was built on a revolutionary idea that the Indian state could trust its most marginalised citizens with credit, when the formal banking system hesitated Financial inclusion has been at the forefront of the agenda of the Narendra Modi government. In the last decade, India witnessed a silent transformation where millions of ordinary citizens stepped into entrepreneurship with newfound confidence and agency. At its heart lies an initiative launched on April 8, 2016, by the prime minister, the ...Read More >
Kohima, July 14 (SocialNews.XYZ) Nagaland Chief Minister Neiphiu Rio described his state as "a land of breathtaking beauty and profound cultural richness" while addressing the closing ceremony of 'Bharat Utsav 2025' at Manezhnaya Square in Moscow. The Chief Minister stated that the festival's grand success has brought India and Russia closer, showcasing the "magic of Indian culture, music, dance, yoga, and cuisine". The event featured special highlights from Nagaland and Gujarat, with vibrant cultural performances and exhibitions. Highlighting the enduring and strategic partnership between ...Read More >
Mumbai, Jul 4 (PTI) A PIL has been filed in the Bombay High Court against Italian fashion house Prada for its alleged unauthorised use of the Kolhapuri chappals, and sought compensation to be paid to Indian artisans for allegedly copying their design. Prada in its spring/summer collection showcased their 'toe-ring sandals', which the petition said are deceptively similar to the Kolhapur chappal. These sandals are priced at Rs 1 lakh per pair. "The Kolhapuri chappal is the cultural symbol of Maharashtra," the plea filed by six Pune-based lawyers said. The petition has been filed against the ...Read More >
Mumbai : Tesla's long awaited India debut finally took place with chief minister Devendra Fadnavis inaugurating its showroom in Mumbai on Tuesday. The Elon Musk-led car maker unveiled its Model Y compact all-electric SUV at its 'Experience Centre' in Bandra-Kurla Complex with the CM describing it as the "right city and the right state" for the launch."Mumbai stands for innovation and sustainability. In 2015, when I went to the US, I had my first ride in a Tesla, and then I thought we need such a vehicle for mobility in India. But it took 10 years for it to come to India. But we are very happy ...Read More >
Mumbai, July 7: After Kareena Kapoor, veteran actress Neena Gupta took to social media to call out luxury brand Prada for allegedly copying the traditional Kolhapuri chappal design. Taking to Instagram, the 'Metro In Dino' actress posted a video where she flaunted a handmade pair of Kolhapuris gifted to her by the late Laxmikant Berde. In the clip, Gupta could be heard saying, "So, these Kolhapur slippers are in great demand these days. So, once I did something with Laxmikant Berde. I don't remember what it was. So, I asked him, can you get me these slippers from Kolhapur? He said, yes. So, h ...Read More >
A recent controversy surrounding Italian luxury label Prada has put the spotlight on how global fashion giants engage with India - a country whose rich artistic traditions have often suffered because of its inability to cash in on them. Prada got into trouble in June after its models walked the runway in Milan wearing a toe-braided sandal that looked like the Kolhapuri chappal, a handcrafted leather shoe made in India. The sandals are named after Kolhapur - a town in the western state of Maharas ...Read More >
Lucknow: While inaugurating the 6th Uttar Pradesh Agricultural Science Congress 2026 held in Lucknow, Chief Minister Yogi Adityanath presented a comprehensive and forward looking vision for the overall development of the agriculture sector. He clearly stated, the time has come to take agriculture from production to productivity, from productivity to profitability, and ultimately from profitability to prosperity. The vision of a Atmanirbhar Viksit Bharat will be realized only when the farmer becomes prosperous. Increasing production alone is not sufficient, it is necessary to make it profitabl ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday said the quality of police investigation has decreased and it needs to be improved. "Although it is a matter of relief that the crime rate in the state has decreased, the quality of police investigation has decreased, and this needs to be improved," Karnataka CM said. He gave these instructions after holding a meeting of senior police officers and a progress review meeting of the police department at the office of the State Director General of Police. He mentioned that although the accused in the robbery case in Bidar is known, he h ...Read More >
Mumbai: Prada could well partner with Indian artisans if it were to decide to produce and commercialise its Kolhapuri chappal-inspired line of men's sandals, the Italian luxury house said. A spokesperson for Prada Group said it "is already in the process of setting up next steps with the relevant parties and supply chain in the event the sandals were to be commercialised. In fact, the entire collection is currently at an early stage of design development and none of the pieces are confirmed to be produced." Lalit Gandhi, president of the Maharashtra Chamber of Commerce, Industry and Agricultu ...Read More >
Mumbai: A public interest litigation filed in Bombay high court seeks reliefs against Italian luxury fashion label Prada after it showcased open-toe leather sandals at the recent Milan Fashion Week that are "deceptively similar" to the Kolhapuri chappal."The Kolhapuri chappal is the cultural symbol of Maharashtra and has special public sentiments attached to it. The act of copying and misrepresenting this craft in international markets effectively amounts to depriving local artisans of rightful recognition and credit for their work, who have preserved and practised this traditional art form fo ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Union Minister for Agriculture, Farmers' Welfare, and Rural Development Shivraj Singh Chouhan on Sunday, echoed the Prime Minister's appeal urging all Indians to buy products that are made within the country in order to give the fast-growing economy a further push. Prime Minister Narendra Modi, on Saturday, during the disbursement of the 20th installment of the PM-Kisan Samman Nidhi in Varanasi, urged the nation to buy indigenous products. Reaffirming the government's commitment to strengthening the economy, the Union Agriculture Minister reiterated the Prim ...Read More >