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, Jul 15 (PTI) Bharat Petroleum Corporation Limited (BPCL) said that Subhankar Sen has taken over as Director (Marketing) of the company. "Sen, a veteran of BPCL with over three decades of experience, has played a pivotal role in driving strategic transformation across key business verticals. His appointment marks a significant milestone in BPCL's journey towards innovation, customer-centricity and sustainable growth," the firm said in a statement. Over the years, he has held several critical leadership roles within the organisation. As Business Head - Retail (West), he led a major overhaul of BPCL's retail operations across fuel stations. Under his leadership, BPCL introduced new-age formats and enhanced customer engagement through digital-first initiatives. The launch of BeCafe, a modern café concept at fuel stations, added a fresh dimension to non-fuel retailing and enhanced the overall consumer experience. In the lubricants business, Sen played a key role in expanding the MAK Lubricants brand across India and overseas markets, including Nepal, Bangladesh, Sri Lanka, the UAE, and Africa. PTI ANZ SHW
New Delhi, Dec 12 (PTI) The Rs 8,000 crore initial share sale of supermarket chain Vishal Mega Mart got fully subscribed on the second day of bidding on Thursday, ending with 1.53 times subscription. The three-day initial public offer (IPO) got bids for 1,15,74,96,150 shares against 75,67,56,757 shares on offer, according to data available with the NSE. The portion for non-institutional investors attracted 3.80 times subscription while the share of Retail Individual Investors (RIIs) got subscribed 1.16 times. The category for Qualified Institutional Buyers (QIBs) received 48 per cent subscri ...Read More >
New Delhi, Jul 1 (PTI) Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 63 per cent year-on-year to 2,128 units. The company sold 2,477 units in the January-June period of last year. The brand with the four rings is facing headwinds as slowing demand -- driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions -- continues to impact performance, Audi India said in a statement. However, the company remains confident in the growth of the Indian luxury car market in the forthcoming festive season, dr ...Read More >
New Delhi, Jul 2 (PTI) The initial public offer of student recruitment solutions provider Crizac Ltd got subscribed 46 per cent on the first day of bidding on Wednesday. The initial share sale received bids for 1,17,61,654 shares against 2,58,36,909 shares on offer, as per NSE data. The category for non-institutional investors fetched 62 per cent subscription while the quota for Retail Individual Investors (RIIs) got subscribed 59 per cent. The Qualified Institutional Buyers (QIBs) portion received 9 per cent subscription. Crizac on Tuesday said it has garnered Rs 258 crore from anchor inve ...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 >
New Delhi, Jul 4 (PTI) Godrej Consumer Products expects its margin from India business to stay below 'normative range' in June quarter, but is likely to deliver high-single digit value growth aided by volume expansion. The company's volume growth, in its standalone business, has been strongly competitive and is sequentially improving, said the Godrej Industries Group FMCG arm in its quarterly updates. "Standalone EBITDA margin in Q1FY26 is likely to be below our normative range but is expected to improve," said Godrej Consumer Products Ltd (GCPL). Its home care business, which includes hous ...Read More >
New Delhi, Jun 8 (PTI) A Kerala businessman, who recently levelled corruption charges against an ED officer posted in the state, has recorded his statement with the central agency where he is understood to have denied knowing or having any evidence against the said investigator, official sources said Sunday. The businessman, Aneesh Babu, deposed before the Enforcement Directorate in Delhi on June 6 and his statement was recorded under audio-visual camera by the agency as per the provisions of section 50 of the Prevention of Money Laundering Act (PMLA). Such a statement made under the anti-mo ...Read More >
New Delhi, Jun 26 (PTI) The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday. The initial share sale received bids for 53,77,320 shares, as against 1,33,65,710 shares on offer, as per NSE data. Also Read | Is June 27 Public Holiday in Odisha for Jagannath Puri Rath Yatra? Will Schools and Banks Remain Open or Closed? All You Need To Know. The category for Retail Individual Investors (RIIs) received 69 per cent subscription, while the quota for non-institutional investors got subscribed by 27 per cent. The Qualified Insti ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
New Delhi, Jul 4 (PTI) Godrej Consumer Products expects its margin from India business to stay below 'normative range' in June quarter, but is likely to deliver high-single digit value growth aided by volume expansion. The company's volume growth, in its standalone business, has been strongly competitive and is sequentially improving, said the Godrej Industries Group FMCG arm in its quarterly updates. Also Read | Bodoland Lottery Result Today, July 04, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "Standalone EBITDA margin in Q1 ...Read More >
New Delhi, Jul 4 (PTI) Former hockey player Aslam Sher Khan is baffled why the Obaidullah Cup tournament is not been given the kind of treatment it deserves since it was a "part of Bhopal's heritage." Khan, hero of India's World Cup win in 1975, alleged that apathy of Madhya Pradesh government officials is affecting the revival of the tournament. He informed that a committee formed under his chairmanship of Aslam sent e-mails to the state sports director and Bhopal's commissioner but did not receive any response. "This is not just a hockey tournament but a part of Bhopal's heritage. We forme ...Read More >
New Delhi, Jun 7 (PTI) Prime Minister Narendra Modi on Saturday outlined five key global priorities for him to build disaster-resilient infrastructure, including a skilled workforce, a global digital repository to document best practices and innovative financing. In a video address to the International Conference on Disaster Resilient Infrastructure 2025, Modi said strengthening early-warning systems and coordination is another crucial aspect. He noted that India has established a tsunami-warning system benefitting 29 countries and that it recognises the Small Island Developing States (SIDA) ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, low ...Read More >
New Delhi, Jun 27 (PTI) The initial public offer of Sambhv Steel Tubes Ltd got subscribed 28.46 times on the closing day of bidding on Friday. The three-day initial share sale received bids for 140,02,39,022 shares against 4,92,06,100 shares on offer, according to NSE data. Qualified Institutional Buyers (QIBs) portion received 62.32 times subscription while the category for non-institutional investors fetched 31.82 times subscription. Retail Individual Investors (RIIs) part got subscribed 7.99 times. Sambhv Steel Tubes has raised Rs 161.25 crore from anchor investors. The price band for t ...Read More >
Bengaluru, Jun 27 (PTI) Fit again after recovering from a nagging calf injury that plagued him for over a year, India's premier 3000m steeplechaser Avinash Sable has his sights firmly set on bettering his personal best in the upcoming meets, the foremost being the World Championship in September. The reigning Asian Games champion has been undergoing high altitude training in Ooty and also sharpening his form at the Sports Authority of India's Southern Centre here this season. "Last year was not good, it didn't even look like I'll be able to perform well. But this year I am competing in the D ...Read More >
Officials managed to arrange for a replacement fleet after the vehicles broke down. Bhopal: Madhya Pradesh Chief Minister Mohan Yadav's convoy ran into trouble on Thursday after all 19 vehicles broke down one after the other, leaving the road looking more like a scrapyard than a VIP route. The SUVs in the convoy were on its way to Ratlam, where Mr Yadav is scheduled to attend an event on Friday, when it began jerking and stalling one after another, forcing drivers to push them off road. As au ...Read More >
New Delhi, Jul 10 (PTI) India needs to strengthen its shipping ecosystem to reduce vulnerability in times of global crises and promote the country's trade, Special Secretary in the Department of Commerce Rajesh Agrawal said on Thursday. He said Indian flag vessels are very limited in number, and this leads to around USD 50 billion of trade deficit that we do have in the services sector solely due to maritime logistics. Calling the situation "unsustainable" as it also makes India "vulnerable", he said countries which have strong control over logistics systems fare better during global disrupt ...Read More >
New Delhi, Jul 11 (PTI) Shares of Glenmark Pharmaceuticals Ltd on Friday jumped 10 per cent after the firm said it has signed a deal with AbbVie to commmercialise its underdevelopment drug aimed to treat cancer and autoimmune diseases in an up to USD 2 billion deal, one of the largest transactions in the pharma sector. The stock surged 9.99 per cent to hit its 52-week high as well as the upper circuit limit of Rs 2,095.65 on the BSE. At the NSE, the stock zoomed 10 per cent to Rs 2,094.40 -- its 52-week high as well as upper circuit level. Glenmark Pharmaceuticals' arm Ichnos Glenmark Innov ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and Hindustan Unilever were the gainers. Foreign Institutional Investors (FIIs) offloaded equities wor ...Read More >
New Delhi, Jan 2 (PTI) The initial public offer of Indo Farm Equipment garnered a whopping 227.57 times subscription on the closing day of bidding on Thursday. The Rs 260-crore initial share sale received bids for 1,92,75,49,293 shares against 84,70,000 shares on offer, according to NSE data. The portion for non-institutional investors fetched a mammoth 501.65 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 242.40 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 101.64 times. The IPO of Indo Farm Equipment got subsc ...Read More >
New Delhi, Jun 26 (PTI) The Rs 852-crore initial public offer of Ellenbarrie Industrial Gases Ltd attracted 22.19 times subscription on the last day of bidding on Thursday. The three-day IPO received bids for 33,52,79,311 shares, as against 1,51,08,983 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) quota received 64.23 times subscription, while the category for non-institutional investors got subscribed 15.21 times. The portion for Retail Individual Investors (RIIs) fetched 2.14 times subscription. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor inv ...Read More >
New Delhi, Jun 26 (PTI) The initial public offering of real estate developer Kalpataru Ltd garnered 2.26 times subscription on the closing day of bidding on Thursday. The IPO received bids for 5,15,74,140 shares, as against 2,28,26,516 shares on offer, according to NSE data. The Qualified Institutional Buyers (QIBs) category received 3.12 times subscription, while the portion for non-institutional investors got subscribed 1.31 times. The Retail Individual Investors (RIIs) part received 1.29 times subscription. Kalpataru Ltd on Monday said it has garnered Rs 708 crore from anchor investors. ...Read More >
New Delhi, Jun 27 (PTI) Canadian billionaire Prem Watsa's company Fairfax Financial Holdings Limited on Friday said it has appointed former NITI Aayog CEO Amitabh Kant as a senior advisor. In a statement, Fairfax said former G20 Sherpa Kant's extensive expertise in economic development, innovation, and sustainable growth is expected to significantly benefit the company's long-term investment approach in India. As India is pursuing an ambitious roadmap toward becoming a developed economy by 2047, Fairfax expects many opportunities for it and its affiliates, including Fairfax India Holdings Co ...Read More >
New Delhi, Jun 29 (PTI) Lok Sabha Speaker Om Birla will interact with the Dalai Lama, the spiritual leader of Tibetan Buddhists, during his visit to Dharamsala to inaugurate a zonal conference of the Commonwealth Parliamentary Association (CPA) on Monday. The theme of the Conference is 'Good Governance in the Digital Era: Managing Resources, Defending Democracy, and Embracing Innovation'. Also Read | Bank Holidays in July 2025: No Nationwide Holiday for Muharram on July 7, Banks To Remain Shut for 13 Days This Month; Check Complete List of Bank Holiday Dates. The Zone II of the CPA comprise ...Read More >
Mumbai, Jul 7 (PTI) Clean-label food startup Khetika on Monday said it has raised USD 18 million, or about Rs 154 crore, from a clutch of investors for expansion. Narotam Sekhsaria Family Office and Anicut Capital, along with existing investors Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums participated in the funding round, a statement said. The company, which aims to make preservative-free food accessible to every Indian household, plans to use the funds to fuel growth, brand building and operational expansion, the statement said, adding that it will also provide seco ...Read More >
Mumbai, Jul 7 (PTI) Clean-label food startup Khetika on Monday said it has raised USD 18 million, or about Rs 154 crore, from a clutch of investors for expansion. Narotam Sekhsaria Family Office and Anicut Capital, along with existing investors Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums participated in the funding round, a statement said. Also Read | Bodoland Lottery Result Today, July 07, 2025: Assam State Lottery Sambad Monday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. The company, which aims to make preservative-free food accessible to ...Read More >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combined with supply competition from new refiners, such as Dangote in Nigeria, and rising exports from Chi ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday said the quality of police investigation has decreased and it needs to be improved. "Although it is a matter of relief that the crime rate in the state has decreased, the quality of police investigation has decreased, and this needs to be improved," Karnataka CM said. He gave these instructions after holding a meeting of senior police officers and a progress review meeting of the police department at the office of the State Director General of Police. He mentioned that although the accused in the robbery case in Bidar is known, he h ...Read More >
Bhopal/Ratlam (MP), Jun 28 (PTI) After the vehicles in Madhya Pradesh Chief Minister Mohan Yadav's convoy stopped working as water-mixed fuel was filled in them, the Bharat Petroleum Corporation Ltd (BPCL) on Saturday said "unusual heavy rainfall" caused water to enter fuel storage tanks at its petrol pump in Ratlam. It also said that samples of fuel from the petrol pump were collected and sent for testing in the wake of the incident. The incident occurred on June 26 around 10 pm at the Shakti Fuels petrol pump at Dosigaon in Ratlam. Soon after refuelling there, all vehicles in the CM's conv ...Read More >