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.
CHENNAI: A massive fire that broke out on a diesel-laden goods train near Tiruvallur on Sunday has been 85% contained, according to the fire and rescue department. The blaze followed a derailment that led to at least 13 wagons being gutted. Officials stated that the intense blaze, which erupted from one of the wagons, has so far affected an area of nearly 200 metres, damaging both overhead power lines and rail infrastructure in the vicinity, said a Thanthi TV report. Rescue teams are continuing efforts to cool down the remaining tanker compartments and prevent further spread. High-voltage power lines and electric equipment in the area have also been cut off to ensure safety during the operation. Firefighters and railway personnel remain on site, working to bring the situation completely under control. Tiruvallur goods train fire: Multiple trains cancelled, short-terminated, and diverted; check full list here
Jaipur: Two people were killed and six injured when a bus carrying 65 passengers, mostly labourers from Pilibhit, Uttar Pradesh, caught fire after coming into contact with an 11 kV overhead power line in Todi village, Manoharpur, roughly 55 km from Jaipur Tuesday morning.Additional SP Tejpal Singh said the deceased were in the process of deboarding the bus near a brick kiln, when it came into contact with the power line. Bystanders and some passengers had tried to warn the driver of the hazard just moments before the accident, witnesses reported.Singh said some of the labourers travelling in t ...Read More >
Patna, Jul 19 (PTI) The Bihar government on Saturday said that more than 12,000 new polling stations have been created in the state as per the recommendation of the Election Commission, as part of special intensive revision (SIR). According to a release issued by the election department, the total number of polling stations has risen to 90,712 from 77,895, after the establishment of 12,817 new ones. Of these, 12,479 polling stations have been set up "at the same building or premises housing the existing ones", while the remaining ones are "in the vicinity". A "district-wise list" of the new ...Read More >
New Delhi, Oct 13 (PTI) Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilience, the company said in a regulatory filing. Currently, the network of the Sultanate of Oman is co ...Read More >
Thiruvananthapuram: A 13-year-old Class VIII student of Thevalakkara Boys High School in Kollam was electrocuted on Thursday morning after coming into contact with a low-lying power line in the school compound.The incident happened around 9.15am. The deceased, identified as Mithun of Manu Bhavanam, Vilanthara, West Kallada, touched the power line while trying to retrieve a slipper that fell on the roof of a cycle shed adjacent to the school building during a football game. Mithun allegedly used a desk to climb onto the roof of the shed from the classroom. He slipped on the wet roof and came in ...Read More >
New Delhi, July 17 (SocialNews.XYZ) India's campaign at the World University Games in Germany got off to a mixed start on Thursday, with teenage swimmer Rohit Benedicton providing the day's standout performance by shattering a national record in the men's 50m butterfly, even as other Indian athletes struggled to make an impact across multiple disciplines. The 19-year-old swimmer clocked 24.00 seconds to finish 12th overall and qualify for the semifinals, eclipsing the seven-year-old national mark of 24.09 set by Olympian Virdhawal Khade in 2018. The performance marks yet another milestone in ...Read More >
T'puram: The headmistress of Thevalakkara Boys High School, where a 13-year-old boy was electrocuted to death, was suspended from service on Friday. General education department issued a directive to the school management to suspend headmistress Suja S in connection with the electrocution death of Class VIII student Mithun in the school on Thursday. School manager R Thulasidharan Pillai issued the suspension order. Kollam district assistant education officer, who visited the school, reported seri ...Read More >
NEW DELHI: Volvo, the Swedish luxury carmaker on Friday said it plans to bring the new Volvo EX30 SUV, the entry level luxury electric car, during the forthcoming festive season, to boost electric penetration in the world's third largest car market. "In the last six months the electric car market in India has grown about 4.5 per cent in the mass car market while the luxury car market rose to 9 per cent. We want to accelerate this growth by bringing our new Volvo EX30 electric car during the festival season," Jyoti Malhotra, MD at Volvo Car India told Financial Chronicle in an exclusive interv ...Read More >
Kollam: Hours after the funeral of Mithun (13), who was electrocuted at the Boys High School in Thevalakkara, officials from the Kerala State Electricity Board (KSEB) removed the electric line that claimed the boy's life. The action came amid public outrage over the presence of a hazardous electric line near the school building. Mithun died on Thursday morning after coming into contact with a low-hanging live wire. According to witnesses, he was playing with friends when he was electrocuted while trying to retrieve a friend's slipper that had fallen onto the roof of the cycle shed. Following ...Read More >