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 : ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body, and the prestigious management institution, the Indian Institute of Management Nagpur (IIM Nagpur), today announced the signing of a Memorandum of Understanding (MoU) to enhance educational opportunities in the field of accounting and finance. The signing was officiated by Prabhanshu Mittal, ACCA's Head of Educational Partner Relationships - India and Prof. Bhimaraya Metri, Director at IIM Nagpur. This collaboration aims to enrich educational opportunities in the field of accountancy by providing students with a globally recognised qualification and fostering excellence in academic and professional development. ACCA, a distinguished global professional accountancy body, and IIM Nagpur, renowned for its academic excellence, are set to transform the learning experience for aspiring finance professionals. As a part of this MoU, both bodies will collaborate to facilitate academic collaboration through joint academic programs, workshops, and seminars. Additionally, ACCA will also implement joint initiatives for professional development, including train the trainer and faculty development sessions. Furthermore, ACCA will work together with the institute to cultivate a culture of innovation and research in the field of accounting and finance, contributing to the advancements in the profession. This partnership reaffirms the shared vision of ACCA and IIM Nagpur to drive innovation and excellence in finance and accountancy education, empowering future professionals to thrive in a rapidly evolving global landscape. On occasion of the MoU signing Md. Sajid Khan, Director- India at ACCA, said, 'We are dedicated to developing the next generation of Indian accounting and finance professionals. This exciting collaboration with IIM Nagpur - a prestigious institution known for its commitment to academic excellence - reinforces our joint ambition to create finance professionals who are not only proficient in their field but also equipped to drive innovation and progress in the Indian and global financial landscape.' Prof. Bhimaraya Metri, Director at IIM Nagpur, commented: 'This partnership with ACCA is a significant step in our mission to nurture socially responsible, globally competent leaders. By collaborating with ACCA, we are expanding opportunities for our students to acquire international exposure and contemporary skills. The MoU aligns seamlessly with IIM Nagpur's vision of being a future-oriented management institution delivering high-impact knowledge.'
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 >
Mumbai, May 19 (SocialNews.XYZ) Real estate marketplace Square Yards' total expenses rose by over 32.21 per cent to Rs 1,613 crore in FY25, from Rs 1,220 crore in FY24, according to its financials. The increase was mainly driven by higher employee costs, commission payouts, and finance costs, according to the company's provisional financial statement. Employee benefit expenses remained the largest cost head, accounting for nearly 38 per cent of the total spend. These costs increased by 15 per cent, rising from Rs 535 crore in FY24 to Rs 618 crore in FY25. The company also spent significant ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Defence Minister Rajnath Singh on Wednesday lauded the "silent, yet crucial role of Defence Accounts Department (DAD)" during the Operation Sindoor, which ensured "efficient resource utilisation, financial management and war preparedness". Speaking during the celebrations of the 278th Foundation Day of the DAD in New Delhi, the Defence Minister commended the Department for its historic legacy and its continuing role as the financial backbone of India's Armed Forces. He described DAD as an institution that "not only ensures fiscal prudence and transparency bu ...Read More >
Defence Minister Rajnath Singh highlighted the Defence Accounts Department's pivotal role in Operation Sindoor, emphasizing its crucial contribution to efficient financial management and war preparedness. Singh praised the DAD for its historic legacy and continued support as the financial backbone of India's armed forces at an event marking its 278th foundation day. Defence Minister Rajnath Singh on Wednesday underscored the pivotal role played by the Defence Accounts Department (DAD) in the suc ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
New Delhi, Jul 6 (PTI) A key defence conclave that serves as a platform for evaluating challenges, initiating reforms and advancing the role of financial governance in defence preparedness, is slated to be held from July 7-9 in Delhi, officials said on Sunday. Defence Minister Rajnath Singh will inaugurate the 'Controllers' Conference-2025' which will be hosted by the Defence Accounts Department (DAD) at the DRDO Bhawan, the defence ministry said in a statement. Also Read | Himachal Pradesh Reels Under Monsoon Fury: 23 Flash Floods, 19 Cloud Bursts, 16 Landslides; IMD Issues Warning for 'Ext ...Read More >
BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready ...Read More >
Mumbai/Pune : Bajaj Finance Ltd., India's largest private sector non-bank lender and part of Bajaj Finserv, today said it had seen a surge in consumption finance during the festive season, disbursing a record number of consumer loans, higher by 27% in volume and 29% in value as compared to the same period last year. The rise in consumption credit, represented by loans for consumer goods, reflects the positive outcome of the government's next generation GST reforms and changes in personal income tax, aimed at increasing consumers' purchasing power. Bajaj Finance disbursed approximately 63 lak ...Read More >
New Delhi [India], July 6(ANI): The Defence Accounts Department (DAD) will host the Controllers' Conference 2025 from July 7 to 9 at the Dr SK Kothari Auditorium, DRDO Bhawan, New Delhi. The conference will be inaugurated by Defence Minister Rajnath Singh on July 7, in the presence of top military and civilian leadership including Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services), S G Dastidar, and Controller General of Defence Accounts Mayank Sharma, marking it as a key platform for shaping the fu ...Read More >
Gujarat Chief Minister Bhupendra Patel urged the youth who are embarking on careers in the maritime sector to remain committed to national interest and to the preservation and promotion of India's maritime heritage. Speaking at the first graduation ceremony of Gujarat Maritime University, the Chief Minister stated that the maritime sector today offers immense opportunities and that India is rapidly emerging as a leading global supplier of talent for this industry, as stated in the release. He f ...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 >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
MUMBAI: Even as debt and fiscal deficit rose sharply in the last two years, Maharashtra's revenue in FY25-26 fell significantly across key heads -- Goods and Services Tax (GST), excise duty, motor vehicle tax, and stamp duty and registration of properties. This led to a revenue shortfall of around ₹41,000 crore against budget estimates, slowing capital expenditure and development projects. Provisional figures at the end of the financial year put total revenue receipts at ₹5.60 lakh crore, falling short of the revised estimate of ₹6.01 lakh crore from a budget estimate of ₹5.60 lakh crore, lar ...Read More >
Mumbai, Aug 21 (PTI) Rapidly expanding global capability centres of banking, financial services and insurance (BFSI) sector has led to an acute shortage of talent, widening skill gap and higher workforce expense for enterprises, a report said on Thursday. India's BFSI GCC sector was valued at USD 40-41 billion in 2023 and is projected to touch USD 125-135 billion by 2032, which reflects a CAGR of 12-13 per cent, according to 'BFSI GCC Talent Report 2025' by staffing and workforce solutions provider Quess Corp. However, the acute shortage of AI and data talent is evident with a 42 per cent sk ...Read More >
DESRI has inaugurated a new capability centre at RMZ Nexity, Hyderabad, to strengthen its global operations. The new office leverages India's skilled talent pool and includes state-of-the-art facilities to foster collaboration. This milestone emphasizes DESRI's commitment to operational excellence and employee well-being. DESRI, a leading figure in renewable energy investments, has inaugurated a cutting-edge capability centre at RMZ Nexity in Hyderabad. This strategic expansion underscores DESRI ...Read More >
Hyderabad: National Chartered Accountants Day, or CA Day, is a yearly celebration on July 1 to honour the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. This day is very important for the accounting and finance community in India because it recognises the vital role chartered accountants have in the country's economy and finance. This year marks the 76th anniversary of The Institute of Chartered Accountants of India (ICAI), which is the main authority for accounting and financial auditing in India. It is one of the oldest and most respected financial organisations ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
PNN Bengaluru (Karnataka) [India], September 29: In the world of accounting and finance, Miles Education has redefined how aspirants conquer the CMA Full Form--Certified Management Accountant credential. For thousands of candidates, the journey begins not with textbooks or classrooms, but with clarity about CMA Eligibility. After all, before dreaming of six-figure salaries or boardroom seats, you must first ensure you're eligible to even sit for the exam. Understanding CMA Course Eligibility At its core, CMA Course Eligibility is built on three foundational requirements: education, work exp ...Read More >
New Delhi [India], October 1 (ANI): Raksha Mantri Rajnath Singh on Wednesday lauded the Defence Accounts Department (DAD) for ensuring financial resilience, optimising resources and sustaining operational readiness during Operation Sindoor, calling it the "silent but crucial" backbone of India's Armed Forces. "While the entire world witnessed the valour and courage of the Armed Forces in achieving a historic and decisive victory during Operation Sindoor, the silent yet crucial role of DAD ensured efficient resource utilisation, financial management and war preparedness," Singh said while addr ...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 >
Barring discussions on Operation Sindoor in both House, the session has seen little business ever since it began on July 21 due to repeated disruptions and adjournments initially due to opposition demand for discussion on Operation Sindoor and then over demands for a discussion on the Special Intensive Revision exercise in Bihar Twelve bills were passed by the Lok Sabha and 14 by the Rajya Sabha during the month-long monsoon session of Parliament, which has witnessed repeated disruptions, adjour ...Read More >
PNNBengaluru (Karnataka) [India], September 29: In a world where financial expertise drives strategy, earning the CMA credential is more than an academic decision-it's a career revolution. At Miles Education, India's #1 training partner for management accounting aspirants, the CMA salary in India and abroad reflects just how valuable this qualification has become. For thousands of students and professionals, the CMA isn't just about passing exams; it's about securing roles that pay well, offer growth, and carry global recognition.CMA Salary in India: A Rising GraphWith multinational corporatio ...Read More >
New Delhi, June 30 (UNI) With India set to hold the chair of BRICS next year, Prime Minister Narendra Modi's upcoming visit to Rio De Janeiro, Brazil for the 17th BRICS Summit, holds even more significance. The BRICS Summit is taking place on July 6 and 7. Prime Minister Modi will arrive in Brazil the July 5 evening, to attend the main programme, which is on July 6. The theme of the Rio Summit is Strengthening Global South Cooperation for Inclusive and Sustainable Governance. The program on July 6 includes the first agenda item, the Reform of the Global Governance, where only the full BRICS ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
New Delhi, July 17 (SocialNews.XYZ) Seven bills have been listed for consideration and passing ahead of the Parliament monsoon session scheduled from July 21, while eight other bills have also been listed for introduction, consideration and passing. Bills listed for introduction, consideration and passing belong to finance, commerce, education, sports, mining and culture. These bills include the Manipur Goods and Services Tax (Amendment) Bill, 2025, the Taxation Laws (Amendment) Bill, 2025, and the Jan Vishwas (Amendment of Provisions) Bill. The key objectives of these bills are to amend the ...Read More >
New Delhi [India], December 15 (ANI): The retail credit demand in India strengthened during the July-September 2025 quarter, supported by Goods and Services Tax (GST) rationalisation and improved consumer sentiment ahead of the festive season, according to TransUnion CIBIL's latest Credit Market Report. The Credit Market Indicator (CMI), a composite measure of credit market health, rose to 99 in the September 2025 quarter from 98 in the preceding quarter, reflecting improved demand, supply conditions and stable asset quality. The uptick followed the GST rationalisation introduced in September ...Read More >
New Delhi, Jul 6 (PTI) A key defence conclave that serves as a platform for evaluating challenges, initiating reforms and advancing the role of financial governance in defence preparedness, is slated to be held from July 7-9 in Delhi, officials said on Sunday. Defence Minister Rajnath Singh will inaugurate the 'Controllers' Conference-2025' which will be hosted by the Defence Accounts Department (DAD) at the DRDO Bhawan, the defence ministry said in a statement. The inauguration ceremony will also be attended by Chief of Defence Staff Gen Anil Chauhan, the three service chiefs, Defence Secre ...Read More >
Asset quality metrics are weakening in the past few quarters in some segments. This has necessitated a recalibration of growth strategies, especially in unsecured loans and microfinance Unsecured loans given by Non Banking Finance Companies (NBFCs) and credit to microfinance segments, accounting for 23% of the overall NBFC Asset Under Management (AUM) are expected to be impacted the most in the current and next fiscals according to CRISIL Ratings' outlook on the sector. Krishnan Sitaraman, Chief Ratings Officer, CRISIL Ratings said, "Recent regulatory pronouncements have brought to the fore t ...Read More >