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.
Rameswaram (Tamil Nadu) [India], July 13 (ANI): Seven Indian fishermen were arrested by the Sri Lankan Navy on Sunday morning for allegedly fishing across the maritime border between the two countries, Rameswaram Fishermen Association said. As per the association, at around 5 am, the Sri Lankan Navy apprehended the crew of the fishing boat IND-TN-10-MM-746, belonging to V Isaac Paul of Rameswaram Thangachimadam, on the charges of crossing the international maritime boundary. The arrested fishermen, identified as P Tuthar (40) of Thangachimadam Raja Nagar, P Edison (51) of Thangachimadam Walasai Street, Shanmugam (50) of Rameswaram TSM Nagar, Sakthivel (47), Jagadish (48), Dalvin Raj (46), and Anbazhagan of Manthope, were taken to Kankesanthurai port in Sri Lanka for investigation. According to Rameswaram Fishermen Association, a total of 456 fishing boats had ventured into the sea on Saturday after obtaining permits from the Rameswaram fishing port. Earlier this month, four fishermen from Dhanushkodi in Tamil Nadu Ramanathapuram district, who the Sri Lankan Navy rescued after their boat capsized mid-sea, returned safely to their hometown. According to officials, the incident took place on June 25, when the four fishermen - N Nambu Prakash (23), N Nambu Gunalan (25), K Nambu (24), and S Sathyaraj (24), all residents of Puthuroda in the Rameswaram island area - ventured out to fish in the Gulf of Mannar in a traditional country boat. Around 4 am, strong winds and rough sea conditions caused their boat to overturn and sink between Dhanushkodi and Thalaimannar, leaving them stranded in open waters. The Sri Lankan Navy responded promptly to the emergency and rescued the stranded fishermen, later handing them over to the Thalaimannar police. Though no charges were filed, the fishermen were held in custody for several days before being transported to Colombo. Fisheries Department officials received the fishermen in Chennai and arranged their return to Rameswaram by private vehicle. The survivors expressed gratitude to the Sri Lankan Navy for saving their lives and enabling their safe return. (ANI) Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is solely responsible for its content.
Chennai, Jun 29 (PTI) Tamil Nadu Chief Minister MK Stalin on Sunday conveyed to the Centre that 8 fishermen have been arrested by Sri Lanka and sought its intervention to ensure their safe return. Writing to External Affairs Minister S Jaishankar, Stalin said: "I wish to draw your urgent attention to a matter of grave concern affecting the livelihood and safety of Indian fishermen, particularly those from Tamil Nadu." The CM said it has been reported that the Sri Lankan authorities on June 29, 2025 apprehended 8 fishermen from Rameswaram and seized their mechanised fishing boat. Such inciden ...Read More >
Chennai, June 29 (UNI) Eight fishermen from Tamil Nadu were arrested by the Sri Lankan Navy while fishing in the high seas today, even as Chief Minister M K Stalin urged External Affairs Minister (EAM) Dr S Jaishankar to initiate proactive diplomatic steps to secure their release along with their boat. The eight fishermen, hailing from Rameswaram in Ramanathapuram district, were fishing in a mechanised boat near Katchatheevu, when they were arrested by the Sri Lankan Navy personnel. The Lankan Navy arrested them for fishing in their territorial waters after crossing the International Mariti ...Read More >
Kolkata: Thirty-four fishermen from Kakdwip in two fishing trawlers were allegedly detained by the Bangladesh Navy in the early hours of Monday for allegedly crossing into Bangladeshi waters while fishing in the Bay of Bengal. According to sources, the two trawlers -- FV Jhor and FV Mangalchandi -- were intercepted about 77 nautical miles from the Fairway Buoy of Mongla Port in Bangladesh.Bangladesh media reported that a Bangladesh Navy patrol vessel spotted the trawlers fishing within their exclusive economic zone and detained the crew along with the boats and fishing equipment. The fishermen ...Read More >
-- the proposed Sethusamudram / Sethudundaram project (a shipping canal or bridge between India and Sri Lanka through the Palk Strait) would have far-reaching implications for Sri Lanka. Let's break them down into political, geographical/environmental, and financial/economic aspect 1. Political Implications * Strategic Balance in the Region * India's construction of a bridge or canal would consolidate its influence over the Palk Strait and Gulf of Mannar, potentially reducing Sri Lanka's leverage over regional shipping routes. * Sri Lanka may lose some control over maritime access current ...Read More >
THOOTHUKUDI: Fishermen who went into the sea on Thursday after a five- day wait due to rain returned to the shore on Friday in the wake of warning issued by the Indian Meteorological Department (IMD) about gusty winds in the sea. Country boat and mechanised fishing vessels, which have been staying onshore due to inclement weather conditions, set sail into sea in the wee hours on Thursday. Meanwhile, the IMD reported formation of a low pressure area over southeast Bay of Bengal, and that it was likely to concentrate into a depression on Saturday, and intensify into a deep depression by Monday, ...Read More >
Chennai, March 31 (SocialNews.XYZ) Over the next three days, coastal districts of southern Tamil Nadu are likely to experience light rainfall, according to the Regional Meteorological Centre of the India Meteorological Department (IMD). The forecast points to a continuation of mild pre-summer weather activity in select parts of the state. In its latest bulletin, the IMD stated that one or two places in the southern coastal belt may receive light showers during this period. Meanwhile, districts along the Western Ghats are likely to witness moderate rainfall, which could provide short-term re ...Read More >
New Delhi [India], April 3 (ANI): India's fisheries sector has emerged as a major contributor to food security, employment, export earnings and sustainable livelihoods, backed by a record ₹39,272 crore investment by the Government of India since 2015. According to an official press release issued by the Ministry of Fisheries, Animal Husbandry & Dairying, the sector supports nearly 30 million fishers and fish farmers at the primary level and almost twice as many across the value chain. Ranked t ...Read More >
Union Minister Sarbananda Sonowal unveils major infrastructure projects worth over Rs 276 crores at Visakhapatnam Port. Initiatives include new cargo handling facilities, a public promenade to boost cruise tourism, modern digital systems for safer operations, and advanced maritime education programs, enhancing the port's competitiveness on a global scale. In a substantial move towards upgrading India's maritime infrastructure, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, an ...Read More >
Karaikal (Puducherry) [India], September 28 (ANI): The Sri Lankan Navy has arrested 12 Karaikal fishermen while they were fishing in the Bay of Bengal near Kankesanthurai, the Rameswaram Fishermen Association said on Sunday. According to the association, the Navy accused them of crossing the international maritime boundary and took them to the Kankesanthurai naval camp for questioning. Their boat was also seized. On September 25, 12 fishermen, Selvam, Sundar, Velmurugan, Kandasamy, Balaguru from Kotucherry Medu area, Ravi from Akkampettai area, Vasanth from Klinjalmedu area, S. Murugan from ...Read More >
Mumbai: Fishermen will get electricity concessions like farmers. Upto 44% electricity tariff will be waived. The concession is applicable due to the agricultural status given to fishing business.The concessions are applicable to fishermen, fish breeders and fish traders. A Govt Resolution (GR) by the fisheries department was issued to apply electricity tariff concession to fishing business projects at the same rate as agriculture. Fisheries minister Nitesh Rane said registration under National Fisheries Development Board (NFDB) is required to avail the concession."In the backdrop of giving equ ...Read More >
Kolkata, July 15: As many as 34 fishermen, mostly hailing from the coastal belt of Kakdwip in South 24 Parganas district of West Bengal, have been detained by the Bangladesh administration after their fishing trawlers allegedly crossed the international waters and entered the neighbouring country's coastline. As per information communicated to the West Bengal government, the incident took place late on the night of July 13, and the matter was communicated to the Indian and the West Bengal administration officially by the Bangladesh government on Tuesday morning. Tamil Nadu: 8 Indian Fishermen ...Read More >
Chennai (Tamil Nadu) [India], September 16 (ANI): Fishermen from Tamil Nadu's Ramanathapuram district, who were arrested by the Sri Lankan Navy for allegedly crossing the maritime boundary while fishing returned to Chennai after being released upon payment of a fine of Rs. 5 lakhs each. At Chennai airport, after completing customs and immigration procedures, they were received by Fisheries Department officials. Also Read | Boney Kapoor Recalls Cherished Memory With PM Narendra Modi, Says 'He Called Me by My Name and Greeted Me Warmly' (Watch Video). Fishermen who had ventured into the sea o ...Read More >
Colombo, Sept. 28 (Daily Mirror) - The Sri Lanka Navy, in coordination with the Coast Guard, seized an Indian fishing boat and apprehended 12 Indian fishermen for illegal fishing off Delft Island in Jaffna during early morning operations today. The Northern Naval Command, continuing its efforts to protect local fishermen's livelihoods, regularly patrols Sri Lankan waters to curb foreign poaching. Naval personnel deployed to drive away intruding boats successfully conducted a compliant boarding, resulting in the seizure. The captured boat and fishermen were handed over to the Fisheries Inspec ...Read More >
Chennai: Chief minister M K Stalin has written to Prime Minister Narendra Modi urging him to take up the fishermen issue with the Sri Lankan prime minister Harini Amarasuriya who will be on a three day visit to India from Thursday. "This visit presents a valuable opportunity to address the persistent challenges faced by Indian fishermen in the traditional fishing waters of the Palk Bay and I urge you to raise these concerns with the visiting prime minister," Stalin said. He insisted that Modi discuss the retrieval of Katchatheevu island, the immediate release of 76 fishermen and 242 fishing bo ...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 >
TIRUCHY: Tamil Nadu fishers who have been facing frequent arrests on charges of crossing the International Maritime Boundary Line (IMBL) at the Palk Strait would soon get a good news as the bilateral talks between India and Sri Lanka has witnessed positive approach and negotiations are being made to solve the mid-sea issues faced by the Indian fishermen particularly those who are from Tamil Nadu. Palk Street is a narrow strip of water separating Tamil Nadu and the Northern Province of Sri Lanka and the Gulf of Mannar, where the controversial Katchatheevu is situated. Sources revealed that fo ...Read More >
CHENNAI: As many as 20 Tamil Nadu fishermen who were arrested by the Sri Lankan Coast Guard returned to Chennai on Tuesday. The fishermen from Rameshwaram went out to sea for fishing in two groups at the end of June. While they were fishing in the middle of the sea, the fishermen were surrounded by the Sri Lankan Coast Guard for crossing the border, and all of them were arrested and sent to prison. Later on July 27, another group of nine fishermen was arrested by the Coast Guard, and they were sent to prison. The court imposed a penalty of five lakh Sri Lankan rupees, and seven fishermen who ...Read More >
The Indian Coast Guard said it rescued 31 fishermen stranded aboard the fishing boat IFB Sant Anton-I, which had been adrift in the Arabian Sea for 11 days due to a steering gear failure. IMAGE: The 31 fishermen after being rescued by the Coast Guard. Photograph: ANI Photo/Coast Guard The Goa-based vessel was reported missing about 100 nautical miles off New Mangalore, prompting swift action from the ICG's Karnataka headquarters. According to a press release issued on Sunday, the ICG deployed ...Read More >
Kolkata: An Indian fishing trawler, FB Paramita-11, capsized near the India-Bangladesh International Maritime Boundary Line (IMBL) in the Bay of Bengal during the wee hours of Monday, causing all 16 fishermen, including the captain, to fall into the water. At the time of filing of the report, 11 had been rescued. But five remained missing. The Indian Coast Guard (ICG), however, stated that 15 fishermen had been rescued and maintained that there was no trace of five. The trawler had set out from N ...Read More >
Chennai: As many as 345 Indian fishermen stranded in Iran amid the ongoing West Asia conflict arrived safely in Chennai on Saturday evening after being evacuated through Armenia. Union Minister Piyush Goyal welcomed them at the airport and facilitated their onward journey to their respective hometowns. "It is gratifying that fishermen hailing from Tamil Nadu, who were stranded in war-torn Iran, have been safely brought back to Tamil Nadu. They faced extremely harsh conditions in Iran. Measures were undertaken to bring them back to India by having them travel for approximately 20 hours to rea ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Colombo, June 29 (Daily Mirror) - The Sri Lanka Navy seized an Indian fishing boat and apprehended eight Indian fishermen while they were poaching in Sri Lankan waters north of Mannar, during a special search operation conducted early this morning. The North Central Naval Command spotted a group of Indian fishing boats engaging in illegal fishing, trespassing into Sri Lankan waters in the early hours of today and deployed its Inshore Patrol Craft to drive away the Indian fishing boats from island waters, north of Mannar, the Sri Lanka Navy said. The navy seized one Indian boat and apprehende ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu directed officials to transform the state into a zero-crime-rate state by leveraging technology. He emphasised that Andhra Pradesh should become a model state in law and order monitoring through effective use of technology. The Chief Minister conducted a review with officials on real-time governance at the Secretariat. He instructed that crime hotspots be continuously monitored through CCTV cameras to control criminal activities. He also directed officials to revise regulations to allow the use of footage from private CCTV cameras, stressing that ...Read More >
Udupi: The bodies of all three fishermen, who went missing after their boat capsized off the Gangolli coast on Tuesday morning, have been recovered. According to police, the body of Suresh Kharvi, 48, was found near the Kodi sea walk in Kundapur around 7am on Thursday. On Wednesday, the body of Jagannath Kharvi, 50, was recovered near Kinara Hotel on the Kodi coast, while Lohith Kharvi's body was found near Kodi Lighthouse in Kundapur.The three fishermen went missing after their gillnet boat, Shree Hakrematha Yaksheshwari, capsized in the Arabian Sea around 8am on July 15, shortly after they b ...Read More >
Udupi: Three fishermen have gone missing after their traditional fishing boat capsized off the Gangolli coast in Udupi district. The missing have been identified as Suresh Kharvi, Rohith Kharvi and Jagadish Kharvi of Malyarubettu. They were part of a group of four fishermen who had ventured into the sea for fishing in a boat owned by Suresh Kharvi. According to sources, the sea turned rough during the trip. When the fishermen attempted to return to shore, the boat reportedly overturned due to t ...Read More >
UDUPI: The body of a missing fisherman was recovered on Wednesday evening. The deceased is Jagannath, 50.In a complaint, Akash said that his uncle went fishing on June 15 at around 6 am, along with Suresh, Lohith, and Santosh in a gillnet fishing boat named Sri Hakrematha Yaksheshwari. After completing their fishing trip, they were returning and nearing the outer gate of the Gangolli port when they were caught in a sudden and intense storm. A strong wave hit the boat, causing all four men to fall into the sea along with the boat.Of the four, Santosh was rescued by fishermen from a nearby boat, ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
BALASORE: Three members of a family went missing and another had a providential escape while fishing in the sea near Chowmukh in Balasore district on Saturday evening. The missing fishermen are Gopal Giri (57) and his sons Madhusudan Giri (35) and Rabindra Giri (30) of Kankadapal village under Baliapal police limits. Gopal's brother-in-law Jagannath Pal (44) was rescued from the sea on Sunday morning. Sources said at around 8 am on Saturday, the four men set out for fishing from the Chowmukh coast on a motorboat carrying nets, dry food and other essentials. When they did not return home by 4 ...Read More >
Stalin also raised concern over the 2018 amendment to Sri Lanka's Fisheries Act. Chennai: Tamil Nadu Chief Minister MK Stalin has written to Prime Minister Narendra Modi, urging him to take up key issues concerning the state's fishermen with the visiting Sri Lankan Prime Minister, Harini Amarasuriya, during her three-day India visit from October 16 to 18. In his letter, Stalin sought the Prime Minister's intervention to press for the retrieval of Katchatheevu Island, the release of 76 Indian f ...Read More >