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.
Bengaluru, India -- The VIBE 2025 summit, hosted by Upekkha at The Leela Palace, emphasized the burgeoning domain of Vertical AI as the next transformative frontier. Keynote speaker Simon Wardley underscored the necessity of understanding AI's evolving landscape, while Prof. Saras Sarasvathy championed co-creation between business leaders and entrepreneurs. The event showcased insights from industry pioneers. Shekhar Kirani detailed India's impact on enterprise AI, while Shruti Agrawal and Gaurav M discussed advancements in AI-first products and consumer tech. Bhanu Pathak and Sharda Balaji shared strategies for scaling AI and navigating regulatory challenges. The launch of the VIBE50 Vertical AI Report highlighted 50 startups reshaping industries like finance and healthcare with AI. With global AI expenditure projected to reach $47B by 2030, the summit concluded with innovation sprints, fostering collaboration between business leaders and AI startups.
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme will be a dominant LP in Athera's Rs 900-crore fund to be invested into fast-growing tech startups ...Read More >
CHITTOOR (Andhra Pradesh): The Apollo University, Apollo Hospitals and University of Leicester, United Kingdom, have partnered to establish the Centre for Digital Health and Precision Medicine (CDHPM) at The Apollo University campus in Chittoor, Andhra Pradesh. The advanced research center will bring together the expertise and resources of both institutions to create a global hub for digital health and precision medicine. The CDHPM will be the hub in Chittoor, India. The hub at the University of Leicester will be based at the BHF Cardiovascular Research Centre at Glenfield Hospital, Leicester ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
Mark Carney declined to answer if he believed Indian PM had a role in murder of Sikh activist Hardeep Singh Nijjar Canada's prime minister Mark Carney has defended his decision to invite India's prime minister Narendra Modi to the upcoming G7 summit in Alberta, despite Canada's federal police's conclusion that the murder of a prominent Sikh activist in British Columbia was orchestrated by the "highest levels" of the Indian government. Carney declined to answer reporters' questions over whether ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
Vastu Housing has raised $100 million from the global consumer internet group Prosus. The Amsterdam-based investor has acquired an 8.4% stake (7.8% fully diluted) in the home finance company. Vastu Housing Finance is a prominent player in the affordable housing finance sector, focusing on underserved communities. In September, Vastu received a $50 million loan from the United States International Development Finance Corporation (USDFC). Housing finance companies have attracted significant funding in recent months. Recently, Easy Home Finance raised $35 million in a fresh funding round led by ...Read More >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...Read More >
New Delhi [India], January 31 (ANI): Official Spokesperson of the Ministry of External Affairs Randhir Jaiswal said on Friday that French President Emmanuel Macron has invited Prime Minister Narendra Modi to attend the Artificial Intelligence (AI) Action Summit, and India has accepted the invite. While speaking at a press briefing, Jaiswal said that India is also developing its own AI program. "French President has invited Prime Minister Narendra Modi for Artificial Intelligence Action Summit and we have accepted their invite. We will update you about further details," he said. On February ...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 >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors Also Read | US: Joe Biden Commutes Roughly 1,500 Sentences and Pardons 39 People in Biggest Single-Day Act of Clemency. The funds will be directed toward expanding operations across India, with a ...Read More >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...Read More >
Thiruvananthapuram: In his budget for 2025-26, Finance Minister K N Balagopal emphasised on technology, research, jobs, and education, positioning the state as a knowledge powerhouse. Here are key allocations and initiatives that could fuel the state's knowledge economy vision. Technology & AI * Rs 10 crore for establishing a world-class GPU cluster in Thiruvananthapuram to develop AI and AVGC (Animation, Visual Effects, Gaming, and Comics) industries. Unlike a CPU (Central Processing Unit), optimised for sequential tasks, a GPU (Graphics Processing Unit) excels at parallel processing, maki ...Read More >
New Delhi: Delhi govt has imposed a strict ban on direct purchases and cart-based procurement through the Government e-Market (GeM) portal for hospitals. The administration clarified that no healthcare facility or institution has the authority to make cart purchases or initiate bidding independently.The order emphasised that any non-compliance with these guidelines will face serious consequences, potentially leading to disciplinary or legal proceedings as determined by the relevant authority.The GeM portal, which commenced operations on Aug 9, 2016, functions as an online marketplace for centr ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
News 2 min read Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025 The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report. New Delhi, The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, acco ...Read More >
NEW DELHI: In a major push to position India as a global hub for traditional medicine and holistic wellness, the Government of India has launched 'Ayush Nivesh Saarthi', a dedicated investor facilitation portal for the Ayush sector. The digital platform was unveiled on May 29, 2025, during the Ayush Stakeholder and Industry Interaction Meet at Vanijya Bhawan, New Delhi. The portal was jointly launched by Commerce & Industry Minister Piyush Goyal and Ayush Minister Prataprao Jadhav, in the presence of senior government officials and global industry leaders including Ayush Secretary Vaidya Raje ...Read More >
Gandhinagar (Gujarat) [India], June 7 (ANI): Gujarat Chief Minister Bhupendra Patel, while inaugurating the new Development Center of Infosys at GIFT City, reaffirmed the State Government's commitment to advancing the AI industry by implementing artificial intelligence-based systems across the state. He stated that the establishment of an AI Centre of Excellence at GIFT City is aimed at creating a unified platform that brings together solution developers, experts, professionals, and startups under one roof. Also Read | Latur Shocker: Man Kidnaps Woman's Child for Rejecting His Proposal for A ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu has announced that with the support from NVIDIA for curriculum and training, 10,000 engineering students will receive skill training in the next two years. Naidu said in a post on 'X' on Saturday, "Andhra Pradesh is welcoming bold initiatives to lead India's AI revolution. Under the leadership of Minister for IT Nara Lokesh, we have entered into an MoU with NVIDIA to build a strong and inclusive AI ecosystem in the state. As many as 500 AI startups from AP will gain access to its Inception Programme for global exposure and key resources." "Fu ...Read More >
As businesses increasingly adopt AI, customizing large language models (LLMs) like GPT and Claude is key to meeting industry-specific needs. Techniques like Retrieval-Augmented Generation (RAG) and in-context learning are gaining popularity. RAG enables real-time data retrieval, ideal for tasks requiring up-to-date information, while in-context learning provides guidance within the task prompt. Recent advancements in LLMs, such as larger context windows, offer new possibilities but also present challenges, including cost and efficiency. A hybrid approach combining RAG and long-context models m ...Read More >
NewsVoir Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors The funds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will bolster ...Read More >
New Delhi [India], February 3: SarkarSEO, a leading SEO agency, is introducing a new approach to digital rankings with its Search Everywhere Optimization strategy. As AI-powered search engines like ChatGPT, Perplexity, and Bing AI change how people find information, SarkarSEO is helping businesses rank across all platforms, not just Google. Also Read | US Shocker: Woman Allegedly Beats 14-Year-Old Son to Death With Extension Cord Over Unfinished Chores, Waits 5 Minutes Before Calling 911; Arrested. Search Everywhere Optimisation takes advantage of the fractured nature of the search, optimisi ...Read More >
Shimla, Jun 7 (PTI) Vice President Jagdeep Dhankhar on Saturday emphasised the need to empower the rural youth to become instruments of change in India's enormous but "underutilised" agricultural economy. Interacting with students, faculty and researchers during his visit to Dr YS Parmar University of Horticulture and Forestry in Solan, he also called for giving direct subsidy to farmers and claimed it will increase their annual income by Rs 30,000. Dhankhar said that instead of giving indirect subsidies on fertilisers, seeds and other inputs, farmers should get monetary assistance directly ...Read More >