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, July 13 (Xinhua) -- A massive fire broke out Sunday on a freight train carrying crude oil in the southern Indian state of Tamil Nadu, with no casualties reported, police said. However, train services to and from Chennai, the capital city of Tamil Nadu, have been disrupted. Southern Railway announced the cancellation of some trains departing from Chennai and the diversion of five trains. The fire broke out when a freight train with 45 coaches, ferrying crude oil, caught fire while passing through the Tiruvallur district, about 45 km west of Chennai. "This morning, a freight train from Ennore to Jolarpettai carrying crude oil caught fire while passing through the Tiruvallur-Egattur section," a police official said. "Initial reports say four coaches were completely engulfed in the blaze, and the fire has spread to additional coaches." Authorities have rushed the firefighters to the spot to contain the blaze. Television images showed the massive flame emitting columns of thick black smoke skyward. National Disaster Response Force personnel have also been deployed to assist with relief operations. Reports said authorities evacuated residents living near the tracks as a precautionary measure. The cause of the fire was not immediately known. However, police suspect the derailment of two wagons might have triggered the fire. ■
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
In the aftermath of heavy rains lashing Hyderabad, the Musi River overflowed near the Chaderghat bridge. This came after the gates of Hyderabad's twin reservoirs, Himayatsagar and Osmansagar, were opened following the downpour, PTI reported. With the Musi River in spate in Hyderabad as well as other parts of Telangana, about 1,000 people residing in low-lying areas were evacuated and shifted to relief camps, PTI quoted officials as saying on Saturday. Houses near the river were flooded after th ...Read More >
The National Disaster Response Force (NDRF) has deployed 18 teams across Maharashtra for rapid rescue and relief operations, as the India Meteorological Department (IMD) has predicted above-normal monsoon rainfall this year, with urban areas like Mumbai already showing signs of strain, Mid-day reported. Between May 25 and 26, NDRF teams responded to emergencies in Pune, Solapur, and Satara. While local agencies managed to rescue nine people in Baramati and Indapur, NDRF teams were redirected to Phaltan in Satara and Kurubavi in Solapur. In Solapur, a team carried out a midnight rescue operati ...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 >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Chennai, July 13: A massive fire that broke out in a diesel-laden goods train near Tiruvallur in Tamil Nadu was fully extinguished after nearly seven hours of intense firefighting on Sunday. The blaze, which erupted around 5.30 a.m., gutted 18 wagons and caused major disruptions on the busy Chennai-Arakkonam rail route. The train was carrying 12.6 lakh litres of diesel in 18 tanker wagons, each loaded with 70,000 litres of fuel. All 18 wagons were completely destroyed in the fire, resulting in a loss of diesel worth approximately Rs 12 crore. Dramatic visuals from the site showed the tankers ...Read More >
A goods train transporting high-speed diesel ignited near Tiruvallur on Sunday morning, prompting a swift response from fire tenders. While no casualties were reported, the incident led to the suspension of local train services and the cancellation of eight express trains. A goods train carrying high-speed diesel caught fire on Sunday morning near Tiruvallur, a Railway official said. The fire broke out in a wagon and quickly spread to others. No casualties have been reported, the official said ...Read More >
Indian Railways launched the Amrit Bharat Express connecting Dhanbad and Pottanur, enhancing travel between East and South India. The train features modern amenities and stops at major stations, benefiting commuters, students, and tourists. In a move aimed at making long-distance travel more convenient, the Indian Railways is set to introduce a new train service connecting eastern and southern parts of the country. According to reports, the Amrit Bharat Express, equipped with several modern faci ...Read More >
Thrissur (Kerala) [India], June 7 (ANI): Union Minister of State for Tourism & Petroleum and Natural Gas, Suresh Gopi, met actor Shine Tom Chacko at a private hospital in Thrissur. Malayalam actor Chacko was admitted to the hospital after he met with a road accident in Madurai, Tamil Nadu. Chacko and his family were in a car accident, in which the actor lost his father. South India International Movies Awards (SIIMA) took to X and extended condolences to Chacko and his family. SIIMA wrote, 'Malayalam actor Shine Tom Chacko was injured in a tragic car accident near Dharmapuri, Tamil Nadu. T ...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 >
New Delhi [India], April 5 (ANI): Congress General Secretary Jairam Ramesh on Sunday said that both Chief Election Commissioner Gyanesh Kumar and External Affairs Minister S Jaishankar are unlikely to respond to the party's recent questions concerning BJP's Puducherry President and Raj Bhavan constituency candidate VP Ramalingam and Latchiya Jananayaga Katchi (LJK) chief Jose Charles Martin hosting a Sri Lankan diplomat in Puducherry. Replying to Congress spokesperson Pawan Khera's post on X, Ramesh wrote, "The answers to your three questions are self-evident: 1. He will not, 2. He will not, ...Read More >
Chennai: Preliminary investigations attribute the fire on the goods train near Tiruvallur to a possible spark from overhead electrical equipment (OHE) igniting fuel leaking from a derailed wagon.The incident paralysed services on the busy Chennai-Arakkonam route and left nearby residents engulfed in thick black smoke. The disruption left thousands of rail passengers stranded, many of whom were unable to get updates as railway helplines went unanswered for hours. The train carrying diesel from Chennai Harbour to Walajah Road Siding was exiting Tiruvallur station around 5.30am on Sunday, when a ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mobiles Costing Up to INR 1.63 Lakh', Claims Delhi Minister Ashish Sood. According to the official re ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...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 >
The investment will be channelled into reviving the automaker's Maraimalai Nagar facility near Chennai in Tamil Nadu, which will be retooled to produce over 200,000 engines annually. Ford Motor Co. plans to invest about ₹32.5 billion ($370 million) in India to manufacture high-end engines for export markets, marking a significant return to local production four years after shutting down operations in the country, according to a person familiar with the matter told Bloomberg. The investment wi ...Read More >
Bharatpur, June 29: At least four people were killed and two others sustained injuires after a portion of soil caved in Bharatpur district in Rajasthan, an official said on Sunday. Teams from the State Disaster Response Force (SDRF), the National Disaster Response Force (NDRF), local police and civil defence have been rushed to the spot. Relief and rescue operations have begun without delay, officials said. Bharatpur District Collector Qamar Chaudhary confirmed the incident and said, "A total of 6 people have been rescued. Four people have been admitted to the hospital. Two people were declare ...Read More >
Tiruvallur, July 13 (SocialNews.XYZ) People are being evacuated from the vicinity of Tamil Nadu's Tiruvallur Railway Station after four wagons of a diesel-laden goods train caught fire early Sunday morning, triggering a massive fuel leak and widespread panic in the area, District Collector M. Prathap confirmed. The incident, which occurred around 5:30 a.m., disrupted train services to and from Chennai. The Southern Railways have announced the cancellation of eight trains departing from the city, diversion of five others, and short-termination of eight more. Emergency response units rushed to ...Read More >
New Delhi [India], December 3 (ANI): Congress MP Priyanka Gandhi Vadra on Tuesday expressed her sorrow over the havoc wreaked by Cyclone Fengal in south India including Tamil Nadu and Puducherry. Offering her condolences to those who lost their loved ones, Vadra appealed to the Congress workers to work with the administration in relief work amid the crisis. "Deeply saddened by the devastation caused by Cyclone Fengal in Tamil Nadu and Puducherry. My prayers are with those who have lost loved ones and those facing immense loss and hardship. I appeal to all Congress workers to join hands with ...Read More >
Bharatpur (Rajasthan) [India], June 29 (ANI): At least four people were killed and two others sustained injuires after a portion of soil caved in Bharatpur district in Rajasthan, an official said on Sunday. Teams from the State Disaster Response Force (SDRF), the National Disaster Response Force (NDRF), local police and civil defence have been rushed to the spot. Relief and rescue operations have begun without delay, officials said. Also Read | Puri Temple Stampede: Odisha CM Mohan Charan Majhi Seeks Forgiveness From Jagannath Devotees, Tender Apology for Stampede During Jagannath Rath Yatra ...Read More >
Chennai, July 13 (SocialNews.XYZ) A massive fire that broke out in a diesel-laden goods train near Tiruvallur in Tamil Nadu was fully extinguished after nearly seven hours of intense firefighting on Sunday. The blaze, which erupted around 5.30 a.m., gutted 18 wagons and caused major disruptions on the busy Chennai-Arakkonam rail route. The train was carrying 12.6 lakh litres of diesel in 18 tanker wagons, each loaded with 70,000 litres of fuel. All 18 wagons were completely destroyed in the fire, resulting in a loss of diesel worth approximately Rs 12 crore. Dramatic visuals from the site s ...Read More >
Jaipur: Two workers died while five others are feared trapped after soil caved in during pipeline excavation work in Rajasthan's Bharatpur on Sunday morning, police said. According to officials, some labourers were filling a 10-foot-deep trench dug to lay a pipeline near Jangi ka Nagla village when the soil caved in. Twelve workers got trapped under the soil. Upon hearing the cries, other labourers and project staff started rescue attempts, but the depth and heaviness of the soil made immediate efforts difficult, they said. District administration, police and disaster management teams reach ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
Hyderabad (Telangana) [India], September 27 (ANI): Hyderabad was gripped by chaos in the early hours of Saturday as torrential overnight rains caused widespread waterlogging across several parts of the city, including the Mahatma Gandhi Bus Station (MGBS) -- one of South India's largest transport hubs -- and multiple residential colonies near the Musi River. The situation deteriorated rapidly after officials opened the gates of Himayat Sagar following continuous heavy rainfall across the state. This led to the Musi River overflowing near Chaderghat, inundating surrounding low-lying areas and ...Read More >
Hyderabad (Telangana) [India], September 27 (ANI): Hyderabad was gripped by chaos in the early hours of Saturday as torrential overnight rains caused widespread waterlogging across several parts of the city, including the Mahatma Gandhi Bus Station (MGBS) -- one of South India's largest transport hubs -- and multiple residential colonies near the Musi River. The situation deteriorated rapidly after officials opened the gates of Himayat Sagar following continuous heavy rainfall across the state. This led to the Musi River overflowing near Chaderghat, inundating surrounding low-lying areas and ...Read More >
MADURAI: Union Home Minister Amit Shah, who arrived in Madurai on Saturday night, will be taking part in the BJP's state core committee meeting during the day on Sunday, and address party functionaries at Velammal Global Hospital Ground in the evening. BJP sources said Shah will be visiting the Meenakshi Amman Temple on Sunday morning, where he is expected to spend around 30 minutes. He will then hold a meeting with the state's core committee, which includes union minister for state L Murugan, BJP state president Nainar Nagenthran, former governor Tamilisai Soundararajan, former state unit pr ...Read More >
Lucknow (Uttar Pradesh) [India], June 27 (ANI): The family members of Indian Air Force Group Captain Shubhanshu Shukla gathered in Lucknow to celebrate as the Axiom Mission 4 mission crew successfully reached the International Space Station. The historic mission marks a significant milestone for India's space ambitions. Shambhu Dayal Shukla, father of Group Captain Shukla, expressed his gratitude and pride, stating, 'I thank all for coming to celebrate and bless my son. His achievement is a matter of pride for the nation.' Aboard the Grace Dragon capsule, Group Captain Shukla was seen carry ...Read More >