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 (Karnataka) [India], July 14 (ANI): Manish Pandey, Devdutt Padikkal, Abhinav Manohar, and Chethan LR will be in the spotlight as the Player Auction for the fourth season of the Shriram Capital Maharaja Trophy KSCA T20 takes place on Tuesday in Bengaluru. Last season runners-up, Hubli Tigers, head into the auction with the highest remaining purse of Rs 41.50 lakh, while Gulbarga Mystics have the lowest at Rs 24.05 lakh. Franchises will be weighing their strategies carefully as they look to complete their squads ahead of the new season, according to a press release by KSCA. Category A includes India and IPL cricketers and will feature some of the most in-demand names in the auction pool. Abhinav Manohar was the second-highest run-scorer last season, lighting up the Chinnaswamy Stadium with 502 runs at an average of 84.50. Manish Pandey, who led the Hubli Tigers to the title in Season 2 and to a play-off finish last year, returns to the pool. Devdutt Padikkal, who turned out for the Gulbarga Mystics last year and played a key role in their play-off run, will also be one to watch. Also in Category A are Shreyas Gopal and K Gowtham, who were integral to the Mysore Warriors title run last year. Category B will house Chethan LR, who was the most expensive pick in last year auction at Rs 8.60 lakh, and is expected to draw attention once again. The flamboyant opener was among the top scorers last season, tallying 429 runs in 11 innings for the Bengaluru Blasters. Also in this category is Vidyadhar Patil, who finished as the second-highest wicket-taker last year with 16 wickets for the Mysore Warriors. KV Siddharth and Nikin Jose, both of whom were among the top batters for the Mangaluru Dragons, return to the pool as proven performers. Other exciting prospects in Category B include top-order batters Rohan Patil, Aneesh KV and Mohd. Taha, as well as pacer Darshan MB Category C, designated for junior state players, will see the return of Kumar LR, who topped the wicket charts last season with 17 wickets. Joining him in this category are India U19 fast bowler Samarth Nagaraj, Samit Dravid, wicketkeeper-batter Harshil Dharmani, and Melu Kranthi Kumar, who scalped 14 wickets for the Bengaluru Blasters last season while maintaining an impressive economy rate of 7.40. Meanwhile, Category D will be reserved for all other registered players of the KSCA. This group includes Lavish Kaushal, who impressed last year by finishing as the second highest wicket-taker with 16 wickets for the Bengaluru Blasters, playing a key role in their run to the final. Each team is permitted a purse of Rs 50.00 lakh for the auction. After exercising their right to retain four players each, the Hubli Tigers enter the auction with the largest purse of Rs 41.50 lakh, the Mangaluru Dragons follow them with Rs 37.70 lakh, Mysore Warriors with Rs 36.50 lakh, Shivamogga Lions with Rs 30.80 lakh, Bengaluru Blasters with Rs 28.40 lakh, and Gulbarga Mystics with Rs 24.05 lakh, the release said. Retained Players: Mysuru Warriors: Karun Nair (Rs 6.8L), Prasidh Krishna (Rs 2L), Karthik S U (Rs 0.5L), Karthik CA (Rs 4.2L) Bengaluru Blasters: Mayank Agarawal (Rs 14L), Shubhang Hegde (Rs 4.3L), Suraj Ahuja (Rs 1L), Naveen MG (Rs 2.3L) Hubli Tigers: Manvanth Kumar L (Rs 1L), Shrijith KL (Rs 2.1L), Cariappa KC (Rs 4.2L), Karthikeya KP (Rs 1.2L) Gulbarga Mystics: Luvnith Sisodia (Rs 7.2L), Pravin Dubey (Rs 6.8L), Vyshak V (Rs 8.8L), Smaran R (Rs 3.15L) Shivamogga Lions: Koushik V (Rs 5.9L), Nihal Ullal (Rs 2.1L), Hardik Raj (Rs 5.8L), Avinash D (Rs 5.4L) Mangaluru Dragons: Abhilash Shetty (Rs 6.3L), Macneil Hadley Noronha (Rs 5L), Paras Gurbax Arya (Rs 0.5L), Lochan S Gowda (Rs 0.5L). (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.
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
Small-cap Stock: Krystal Integrated Services Limited (Krystal) share price rose 5 per cent to ₹779.3 on Tuesday, November 26 after the company announced receiving a ₹106.3 crore contract from the Brihanmumbai Municipal Corporation (BMC). The contract, valued at ₹1,062.99 million ( ₹106.3 crore), covers three years and involves providing comprehensive attendant manpower services to BMC's Education and Security Departments. This initiative is aimed at improving public sector operational efficiency in Mumbai. Small-cap stock Krystal Integrated Services share was trading in the green, up 3.07 pe ...Read More >
While Trent Boult was signed for Rs 12.50 crore, the Mumbai-based franchise spent an amount of Rs 9.25 crore to land Deepak Chahar. Mumbai Indians' have assembled a lethal pace attack at the two-day IPL 2025 auction held in Jeddah (Saudi Arabia). The five-time IPL champions had already retained their star pacer Jasprit Bumrah ahead of the auction. At the mega auction, MI decided to acquire the services of two other quality fast bowlers - Trent Boult and Deepak Chahar. While Boult was signed for Rs 12.50 crore, the Mumbai-based franchise spent Rs 9.25 crore to land Chahar. Reacting to the po ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
November 28, 2024: In the first Test against England at Hagley Oval in Christchurch, New Zealand's Kane Williamson played a pivotal role, helping the hosts reach 319/8 at stumps on Day 1. Williamson, making his return to international cricket after injury, played a composed innings, narrowly missing out on his 33rd Test century, as he was dismissed for 93. His knock was crucial in steadying the Black Caps' innings, following an early setback where Devon Conway (2) was dismissed cheaply. Williamson formed key partnerships with Tom Latham (47), Rachin Ravindra (34), and Daryl Mitchell (19), an ...Read More >
Australia lost the first Test by 295 runsAustralia faced their first Test defeat in PerthAustralia are looking to make a comeback in Adelaide Australia retained their 13-member squad for their second Test against India, confirmed selector and coach Andrew McDonald. On Monday, the Aussies lost the Perth Test by 295 runs to go 0-1 down in the five-match series against India. It was also the first time Australia lost at the Optus Stadium after winning four matches on the trot since 2018. McDonald, however, showed faith in their squad to make a turnaround in the Pink-Ball Test, starting December ...Read More >
Mumbai Indians (MI) made strategic moves in the IPL 2025 mega-auction, securing New Zealand pacer Trent Boult for ₹12.50 crore. MI owner Akash Ambani praised Boult’s invaluable skill in swinging the new ball, acknowledging the team’s struggles when he wasn’t playing for them in recent years. The franchise also acquired England’s Reece Topley for ₹75 lakh and New Zealand spinner Mitchell Santner for ₹2 crore. MI further strengthened their spin department by signing young Afghan talent Allah Ghazanfar for ₹4.80 crore, who has impressed with his performances in international cricket. ...Read More >
The BE 6e, just as its name sounds, stands out as a futuristic, power-packed, and sporty electric Mahindra SUV on Indian roads. The highly anticipated Mahindra BE 6e, an all-electric compact SUV, has been finally launched at an introductory price of Rs 18.9 lakh (ex-showroom). Globally revealed alongside its sibling, the XEV 9e, this born-electric offering from Mahindra seems to be good enough (on-paper) to position itself as India's answer to luxury compact SUVs from global brands. With its futuristic design, a wealth of modern features, and an impressive power output - the highest in its fa ...Read More >
Hardik Pandya played an excellent knock of 69 runs in 30 balls to lead Baroda to a three-wicket win over Tamil Nadu in a high-scoring Group B match at the Holkar Stadium in Indore on Wednesday. Hardik's innings included four 4s and seven 6s. Out of those seven sixes, four came in the 17th over bowled by left-arm pacer Gurjapneet Singh. Chasing a stiff total of 222, Baroda was at 121 for 4 when Hardik came out to bat after the dismissal of his elder brother Krunal. The equation came down to 66 needed off 24 balls when Gurjapneet, a 6'3" seamer bought for Rs 2.2 crore by five-time Indian Prem ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Vaibhav Suryavanshi, a 13-year-old cricket prodigy, becomes the youngest player signed for IPL, bought by Rajasthan Royals for Rs 1.10 crore. His achievement has sparked pride in his hometown, with family replaying a vital role in his journey. Vaibhav marks a new era for young talent in cricket. In a groundbreaking moment for Indian cricket, 13-year-old Vaibhav Suryavanshi has made history by becoming the youngest player ever signed by the Indian Premier League (IPL). Acquired by the Rajasthan Royals for a staggering Rs 1.10 crore during the IPL 2025 auction, Vaibhav's remarkable achievement ...Read More >
Ghaziabad: The police arrested a couple on Wednesday for robbing a pedestrian in Crossings Republik on Nov 15. Wave City ACP Lipi Nagayach said unknown individuals on a scooter snatched a woman's gold chain near Ajnara market in the Crossings Republik area on Nov 15. Once the woman filed a complaint, a case was registered under section 304 (snatching) of BNS, and police teams were formed to probe the incident. "With the help of CCTV footage, manual input, surveillance, and a tip-off, Vivek Pandey (29) and his wife Kirti Sharma (28) were nabbed from Chitrawan society in the Crossings Republik ...Read More >
NEW DELHI: Lieutenant governor VK Saxena has given his approval to the reconstitution of Delhi Building and Other Construction Workers Welfare Board, paving the way for govt to prepare a scheme to provide compensation to the construction workers who lost work due to the implementation of GRAP IV provisions. The board was not in place for the last couple of years. While giving his nod to its reconstitution, LG directed that immediate steps should be taken to implement Supreme Court directions to provide subsistence allowance to workers affected due to restrictions on construction activities be ...Read More >
New Delhi [India], November 29 (ANI): Former Australian captain Ricky Ponting lauded star Indian batter Virat Kohli for a century against Australia at Perth, pointing out how trusting his game during the second innings paid off well for him. After a terrible home Test season against Bangladesh and New Zealand, with horrific outings against the Kiwis in a losing cause, Virat rose above all critics, questioning and doubts with yet another magnificent ton at Perth's Optus Stadium. With this century, he shattered many records as a visiting batter and continued his love affair with playing in Aust ...Read More >
India’s star batter Virat Kohli, ahead of the Border-Gavaskar Trophy 2024-25, reflected on his memorable century on Perth’s challenging pitch during the 2018/19 series, calling it his best knock in Australia. However, Kohli faces immense pressure this series, struggling with form after scoring just 488 runs in 2024 at an average of 20.33. Once a dominant force in Test cricket, his performance has dipped since 2020, raising questions about his place in the team. With the five-Test series kicking off in Perth on November 22, Kohli aims to rediscover his magic on Australian soil and silence his c ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
In a remarkable feat during the Syed Mushtaq Ali Trophy, Gujarat's Urvil Patel smashed a 28-ball century, making him the fastest Indian to achieve the milestone and the second-fastest in T20 history. Patel’s explosive knock of 113* off 35 balls helped Gujarat chase down 156 in just 10.2 overs. His innings featured 7 boundaries and 12 sixes, including 24 runs off 5 balls against Tripura captain Mandeep Singh. This innings broke Rishabh Pant’s previous record of 32 balls for the fastest T20 century by an Indian. Patel's power hitting has certainly added a new chapter to T20 cricket history! ...Read More >
In a clear case of medical negligence, a 34-year-old woman died after doctors transferred the wrong blood type at Kakinada Government General Hospital, Andhra Pradesh. On Tuesday, November 26, the deceased, Bhavana Sirisha, was given AB+ blood group instead of O+. A house surgeon mistakenly transferred the wrong blood type. Sirisha, a resident of Palakollu in West Godavari district, was suffering from kidney ailments for the last four years and was admitted to the hospital for treatment. Doctors had advised a blood transfusion with 'O positive' group blood due to low hemoglobin levels. The ...Read More >
The Hyundai Tucson has received 5-star rating on the Bharat NCAP crash test and has become the first Hyundai SUV to do so. The most premium SUV offered by the South Korean manufacturer joins the Mahindra and Tata SUVs in the list of 5 star SUVs offered in India. The Hyundai Tucson scores 30.84 out of 32 in the adult occupant protection. It has scored 41 out of 49 in the child occupant protection. It received OK in the side pole impact test. The model of Hyundai Tucson that was tested by the Bharat NCAP was the top-spec 2.0-litre petrol-AT Signature variant. The particular variant gets six air ...Read More >
Chris Silverwood has been appointed as Essex's new Director of Cricket, completing a return to the Club with whom he won the 2017 County Championship title. Silverwood, 49, succeeds Anthony McGrath after seven years away, and will begin the role in mid-December. He previously spent eight seasons on the Eagles coaching staff, two of which were as Head Coach, before departing to become England Men's fast bowling coach after the 2017 title triumph. Silverwood was initially appointed as bowling coach at The Cloud County Ground in 2010, and six years later, oversaw promotion to Division One in h ...Read More >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >
Zimbabwe won the toss and elected to bat in the second ODI against Pakistan in Bulawayo on November 26. Pakistan made two changes to their squad after losing the first match by 80 runs on the DLS method. Tayyab Tahir and leg-spinner Abrar Ahmed made their ODI debuts, replacing Haseebullah Khan and Mohammad Hasnain. Pakistan's key players, Shaheen Afridi, Naseem Shah, and Babar Azam, were rested as they tested bench strength ahead of next year's Champions Trophy. Zimbabwe, after their impressive win, retained their winning combination for the match. The third ODI will be held in Bulawayo on Thu ...Read More >
During Tuesday's trading session, the shares of a global leader in glass-lined equipment surged nearly 3 percent to Rs. 1,247.5 on BSE, after a foreign portfolio investor (FPI) bought shares worth a total of around Rs. 167.4 crores in the company via a bulk deal. With a market capitalisation of Rs. 5,524 crores, at 02:19 p.m., the shares of GMM Pfaudler Limited were trading in the green at Rs. 1,228.7, up by nearly 1.4 percent, as compared to its previous closing price of Rs. 1,211.3. As per the latest block deal available with the NSE, foreign portfolio investor Amansa Holdings Private Limi ...Read More >
New Zealand's veteran fast bowler, Tim Southee, has announced his retirement from Test cricket. The 35-year-old cricketer will play his last match on home soil in Hamilton next month, which will be the third and final Test of England's tour of New Zealand. Meanwhile, the pacer has enjoyed operating against the Brits in whites. Here we decode his Test numbers against England. As per ESPNcricinfo, Southee has claimed 72 wickets across 19 Tests against the English side at a higher average of 34.81. The tally includes four fifers and a match 10-wicket haul. Richard Hadlee (97) is the only Kiwi bo ...Read More >
New Delhi: The IPL 2025 mega auction has concluded, with all teams finalizing their squads of at least 18 players. As is often the case, the RCB management finds itself under scrutiny for its player selections. Retaining only three players -- Virat Kohli, Rajat Patidar, and Yash Dayal -- RCB entered the auction with three RTM (Right to Match) cards but opted to use just one, securing Swapnil Singh. Former Indian cricketer Mohammad Kaif expressed his thoughts on RCB's decision to let Will Jacks go to Mumbai Indians for ₹5.25 crore in the IPL 2025 auction. Kaif termed it a "massive miss" for RC ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >
New Delhi, Nov 28 (PTI) Coworking firm Incuspaze, which provides managed flexible office spaces to corporates, is looking to raise USD 25 million (over ₹210 crore) to expand its business across major cities before planning to launch its Initial Public Offer (IPO). Established in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 40 lakh square feet. "We plan to add another 2 million (20 lakh) square feet in our portfolio by the end of December 2025," Incuspaze founder and CEO Sanjay Choudhary told PTI. In view of the growing demand for flexible workspa ...Read More >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...Read More >
CHENNAI: Singles, Doubles, and the Team Championship - the 18-year-old Chennai girl, the daughter of an auto driver from Kasimedu, left nothing for competitors from around the world at the sixth edition of the Carrom World Cup held in the US which Team India swept. The Women's Singles final was a hard-fought contest, where the 18-year-old M Khazima kept her nerves to defeat 12-time national and multiple World Cup winner Rashmi Kumari from Bihar. With this victory, Khazima became the youngest Carrom World Champion. Khazima, whose father Mehaboob Basha is an auto driver from Kasimedu, had been ...Read More >