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.
NEW DELHI: Millions of workers across India have gone on strike in protest against the Modi government's new labour codes and economic policies. The nationwide strike brought large parts of the country to a standstill, disrupting essential services including banking, construction, manufacturing, postal operations, and public transport. Trade unions said they had united to oppose recently enacted labour laws and what they described as a long-standing pattern of Prime Minister Narendra Modi's government favoring privatization and big business at the expense of workers' rights. According to Al Jazeera's Inside Story, the strike is a significant backlash against Modi's economic vision, often referred to as Modinomics. The report stated that labour unions believe workers' rights are being systematically eroded under the new framework. Speaking to Al Jazeera, protester Tapan Sarma criticised the federal government for dismantling existing labour protections. "They scrapped the old labour laws and introduced a new labour code that strips away all rights of the workers," he said. Unions argue that the new laws increase working hours, curtail the right to strike, and dilute labour protections. They also criticize a newly introduced pension scheme as unfair and accuse the government of advancing policies that favor large corporations. The ongoing privatization of state-run industries, they say, is worsening job insecurity. "As soon as Prime Minister Modi came to power, he began selling off national assets -- railways, banks, airports, coal," said protester Satish Kumar Kesari. "All they've done is harm workers and help capitalists make profits." Amarjeet Kaur, General Secretary of the All India Trade Union Congress (AITUC), claimed that at least 350 million people participated in the strike, underscoring the scale of public anger. She voiced deep concern over the government's four new labour codes. "These codes will strip workers of essential rights such as unionizing, collective bargaining, and striking," Kaur said. "This could push the country back to colonial-era conditions."
Lucknow, December 3: Chief Minister Yogi Adityanath, on Tuesday, emphasized that Prime Minister Narendra Modi's emphasis on using the term "Divyang" and respecting their sentiments has inspired persons with disabilities to advance in life and various fields with dignity. He highlighted that whenever Divyangjans have been given opportunities, they have consistently demonstrated their exceptional talents and abilities. Speaking at a state-level award ceremony at Lok Bhavan on International Day of Persons with Disabilities, the Chief Minister celebrated the achievements of Divyangjans and reaffi ...Read More >
OCCRP had published news articles against Adani; BJP MP Sambit Patra calls Rahul 'traitor of highest order' After a hiatus of two days, the Winter Session of Parliament plunged into chaos again Thursday, this time due to the ruling BJP targeting Leader of the Opposition Rahul Gandhi and the Congress, accusing them of being part of a plan to "derail" India's economy and "disrupt" its democracy. Senior BJP MP Nishikant Dubey raised the matter in the Lok Sabha, alleging that a "dangerous triangle" ...Read More >
Kareena Kapoor Khan brought a deeply personal and touching element to her meeting with Prime Minister Narendra Modi by requesting him to write a heartfelt message for her two sons, Taimur Ali Khan and Jeh Ali Khan, who were unable to attend the event. A memorable highlight from the gathering showcased Kareena watching intently, her expression radiating pride and warmth, as the Prime Minister inscribed a note dedicated to her children, affectionately called "Tim and Jeh."Kareena Kapoor Khan added ...Read More >
New Delhi: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
Rameswaram, Feb 10 (PTI) The new 2.05 kilometre Pamban Bridge will allow trains to cross the sea between mainland India and Rameswaram Island in Tamil Nadu in less than 5 minutes, significantly less than the previous 25-30 minutes on the old structure, railway officials said on Monday. The bridge is ready to be dedicated to the nation and Prime Minister Narendra Modi is expected to inaugurate it within the next few weeks, though a date is yet to be decided, he added. "Trains used to take 25-30 minutes to cross the old colonial-era Pamban Bridge between Mandapam and Rameswaram Islands due to ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June ...Read More >
Strikes gain global traction as unions push for fair treatment, sustainable practices, and tax accountability Amazon workers in India and around the world have launched strikes and protests during the busiest shopping weekend of the year -- Black Friday to Cyber Monday. The movement, called "Make Amazon Pay," is backed by UNI Global Union and Progressive International, with the goal of holding Amazon accountable for alleged labor abuses, environmental harm, and disregard for democratic principles. From November 29 to December 2, workers across six continents and in more than 20 countries are ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
NEW DELHI: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
The Congress on Sunday (December 15, 2024) hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Constitution is the basis of Indian unity, but Congress has wounded that spirit: PM Modi Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete sile ...Read More >
New Delhi/Hyderabad, Dec 18 (UNI) Union Minister and Telangana BJP President G Kishan Reddy emphasised the Modi government's commitment to preserving and promoting India's regional languages. Addressing the media in New Delhi on Wednesday, Reddy highlighted various initiatives undertaken by the central government to strengthen India's linguistic diversity. Reddy noted that India is unparalleled in its cultural and linguistic diversity, with 121 languages spoken across the country. "Our Constitution initially recognised 14 official languages, but this number has increased to 21 under Prime M ...Read More >
Chennai: In a bid to strengthen the organizational infrastructure of the Tamilaga Vetri Kazhagam (TVK) and to develop a robust campaign machinery, the party's founder president Vijay announced the names of 17 new key office-bearers for various wings with Adhav Arjuna, former deputy general secretary of the VCK, becoming the general secretary for campaign management on Friday. Apart from Adhav Arjuna, another known political leader who had been co-opted by Vijay is C T R Nirmal Kumar, a former BJP leader who switched over the AIADMK and has now landed in the TVK as deputy general secretary for ...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 >
HYDERABAD: Union minister for coal and mines G. Kishan Reddy, accompanied by students from various government schools in Telangana, who achieved top ranks in the 10th class public examinations, planted saplings at his official residence in Delhi as part of Prime Minister Narendra Modi's initiative of 'Ek Ped Maa Ke Naam' and asked them to don the role as new age environment warriors and work hard to save earth from plastic pollution. He also gave them tips on environmental protection. ...Read More >
New Delhi [India], June 5 (ANI): External Affairs Minister S Jaishankar, in the presence of leaders of Central Asian countries, touched upon various business opportunities and complementarities between these respective economies on Thursday. Jaishankar suggested a few areas where India and Central Asian countries should collaborate to improve their economies. Jaishankar noted that India's trade and economic ties with Central Asia have actually shown a very strong positive trend over the last decade. However, he has also said that the trade figures do not reflect the full potential. Given th ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >
Guwahati (Assam) [India], December 13 (ANI): AIUDF MLA and Party General Secretary Dr Rafiqul Islam responded to the Union Cabinet's approval of the 'One Nation, One Election' and labelled the bill "very difficult and almost impossible" to implement effectively, questioning its sustainability given the country's vast and diverse political landscape. The AIUDF MLA claimed that the BJP lacks the majority to pass the bill in Parliament and suggested it might be referred to a Joint Parliamentary Committee (JPC). Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Pol ...Read More >
AMRITSAR, India (AP) -- A U.S. military plane carrying 104 deported Indian migrants arrived in a northern Indian city on Wednesday, the first such flight to the country as part of a crackdown ordered by the Trump administration, airport officials said. The Indians who returned home had illegally entered the United States over the years and came from various Indian states. The move came ahead of Indian Prime Minister Narendra Modi's visit to Washington, which is expected next week. U.S. President Donald Trump and Modi discussed immigration in a phone call last week and Trump stressed the impo ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...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 >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sources said. "The two countries are actively engaged in focused discussions to facilitate greater mark ...Read More >
Amit Shah congratulates Chandigarh for being the first to fully implement three landmark criminal laws, promising nationwide adoption within three years. These new laws aim to redefine justice, focusing on fairness rather than punishment, and replacing outdated colonial legislation with democratic principles. Union Home Minister Amit Shah on Tuesday lauded Chandigarh for becoming the first city in the nation to fully implement three groundbreaking criminal laws, signaling a shift in India's legal framework. The new legislation includes the Bharatiya Nyay Sanhita, Bharatiya Nagrik Suraksha San ...Read More >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter with security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutional means". He has urged the Centre to hold "peace talks" with the Maoists and declare a "ceasefire" w ...Read More >
The BJP has accused Rahul Gandhi of collaborating with "anti-India international forces," citing a Mediapart report on OCCRP's funding and Gandhi's meetings with alleged Modi government critics. The party highlighted the timing of reports critical of India coinciding with parliamentary sessions, including those on farmers, Pegasus, Hindenburg, and the BBC documentary.BJP on Thursday accused Lok Sabha's Leader of Opposition Rahul Gandhi of colluding with 'anti-India international forces'. The ruli ...Read More >
New Delhi, Dec 18 (PTI) Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said the country will not tolerate Babasaheb Ambedkar's insult and demanded that Home Minister Amit Shah should apologise for his remarks in the Rajya Sabha. Several MPs of the INDIA bloc, including Congress leaders Mallikarjun Kharge and Rahul Gandhi, staged a protest in Parliament premises demanding Shah's apology for his remarks which they claimed were an insult to B R Ambedkar. Sharing pictures from the protest, Gandhi said in a Facebook post in Hindi, "Baba Saheb is the architect of the Constitution, ...Read More >
New Delhi, Dec 18 (PTI) Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. Also Read | Cancer Vaccine Ready for Use, Announces Russia; What Is the Cost? How Effective Is It? When Will It Be Available?. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely c ...Read More >
Mumbai: The Brihanmumbai Municipal Corporation (BMC), considered the richest civic body in the country, tabled its budget of Rs 74,427 crore for 2025-26 at its headquarters in Mumbai on Tuesday. The additional municipal commissioners presented the budget to BMC commissioner Bhushan Gagrani, the state-appointed administrator. BMC is currently run by an administrator since the term of the corporators ended on March 7, 2022. This is the third year of the budget being presented to the administrator, in deviation from the norm where the municipal commissioner presents the budget to the standing co ...Read More >
Ahmedabad, Jun 6 (PTI) Gujarat Congress general secretary Rajesh Soni was arrested on Friday and charged under a tough section of the BNS for allegedly uploading "misleading" as well as "morale breaking" content on a social media platform related to 'Operation Sindoor', police said. After registration of an FIR on Thursday, the Cyber Crime Cell of the state CID arrested Soni in the wee hours over his controversial posts on the operation launched by Indian armed forces to destroy terror hubs in Pakistan and PoK, said Superintendent of Police (CID-Cyber Crime) Bharatsinh Tank. During the May 7 ...Read More >