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.
Mysore/Mysuru: With the State Government revising auto fares in Bengaluru with effect from Aug.1, auto drivers of Mysuru too have urged the Government to revise the fares in city. Speaking to Star of Mysore this morning, auto drivers Suresh, Ravi and Revanna said that the Transport Department has revised the minimum fare (base fare for up to 2 kms) in Bengaluru from Rs. 30 to Rs. 36, which will come into effect from Aug.1. As the fuel prices in Mysuru are almost the same in Bengaluru, the Transport Department should revise the base fare and the subsequent per kilometre fare in Mysuru city too as done in Bengaluru, they added. Citing rising operational costs and the cost of living, the auto drivers said that the Government should increase the per kilometre fare too from the current Rs.15 per km (after 2 kms) to Rs. 18 per km as in Bengaluru and thus come to the aid of auto drivers who are reeling under fierce competition from cab aggregators and rising costs. The Mysuru District Transport Authority has not revised the auto fares for over four years and as such, the Authority should take steps for upward revision of fares as done in Bengaluru, they demanded.
New Delhi: The Supreme Court on Tuesday said the Karnataka government and the Centre should resolve the issue in connection with the release of financial assistance from the National Disaster Response Fund (NDRF) to the state for drought management. The matter came up before a bench comprising justices B R Gavai and K V Viswanathan. Attorney General R Venkataramani, appearing for the Centre, requested the bench that he needed some time to file an affidavit in the matter. "You should resolve it," the bench said. During the hearing, the bench queried, how much amount has been released so far? ...Read More >
Bengaluru, Feb 4 (SocialNews.XYZ) In a major Regional Transport Office operation, 30 luxury cars, including Ferrari and Porsche, were seized for alleged tax evasion in Bengaluru. The seizure of luxury cars is done for non-payment of taxes by the owners, an RTO official said on Monday. The seized vehicles were registered in different states but illegally driven in Karnataka. This operation is expected to recover around Rs 3 crore in taxes. Luxury cars, including Maserati, Ferrari, Porsche, Range Rover, and BMW have been seized, the sources said. These top-end cars were registered in states ...Read More >
Mumbai: A day after leader of the opposition in the Lok Sabha Rahul Gandhi alleged "match fixing" between BJP and ECI, state Congress chief Harshawardhan Sapkal on Sunday demanded narco tests on chief electoral officer (CEO) S Chockalingam and then additional CEO Kiran Kulkarni to expose the truth in Maharashtra's "vote theft" in the 2024 assembly election.Sapkal said it is BJP and CM Devendra Fadnavis who have jumped in with rebuttals, instead of the election watchdog. Fadnavis had on Saturday called Rahul's allegations an outright lie and in an article published in a national newspaper and a ...Read More >
Bengaluru: Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated the cable-stayed bridge constructed across Sharavati backwaters in Sagar taluka district in Karnataka amid boycott by the state government. Built at a cost of Rs 472 crore, the 2.44 km bridge, the second longest in the country, will improve connectivity to several villages in Sagar and Hosanagara taluks besides reducing the travel time to popular temples like Siganduru Chowdeshwari and Kollur Mookambika from Sagar by two hours. Till now, people had to rely on barges to cross the river. The bridge wa ...Read More >
Shares of NMDC, steel stocks faced selling pressure on December 18 as the Siddaramaiah-led Karnataka government tabled a bill to tax mines and mining land. NMDC, JSW Steel, Tata Steel, SAIL stocks were trading in red, with NMDC stock bearing the brunt of the fall by falling 5% as CNBC-TV18 reported that the Karnataka government might hike duty on iron ore. At 12:30 pm on December 18, NMDC shares were trading 6% lower at Rs 213.49 apiece, the biggest fall in 18 weeks. Karnataka is an important s ...Read More >
Bengaluru (Karnataka) [India], June 8 (ANI): Bharatiya Janata Party (BJP) MLA CN Ashwath Narayan has demanded the resignation of Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister DK Shivakumar, and state Home Minister G Parameshwara following the stampede outside Chinnaswamy Stadium during Royal Challengers Bengaluru's (RCB) IPL victory celebrations, which resulted in 11 deaths. MLA Narayan claimed that the tragedy happened due to the 'irresponsibility' of the Congress government. While speaking to ANI on Sunday, he said, '... People lost their lives due to the irresponsibility of ...Read More >
Chikkaballapur (Karnataka) [India], July 2 (ANI): Karnataka cabinet on Wednesday sanctioned funds worth Rs 3,400 crore for the development works being carried out in the state. Chief Minister Siddaramaiah stated that this was a pressing response to the charges levelled by the Bharatiya Janata Party (BJP), which has been alleging a "lack of funds" in the state government. Also Read | Opium in Anardana Goli: Delhi Police Bust International Drug Cartel, Kingpin Among 2 Arrested for Smuggling Narcotics Concealed in Ayurvedic Products. The cabinet held discussions concerning a total of 48 issues ...Read More >
Bengaluru (Karnataka) [India], July 10 (ANI): In a strong message to private nursing colleges, the Karnataka government has announced that there will be no fee hike for nursing courses this academic year, reiterating its commitment to protecting students from economically weaker sections. Karnataka Medical Education and Skill Development Minister Sharanaprakash Patil made this clear during a meeting with the Association of Nursing Colleges held at Vikasa Soudha on Thursday. Also Read | Patna Murder Case: Days After Industrialist Gopal Khemka's Killing, Sand Trader Shot Dead by Unidentified A ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): The Karnataka State Cricket Association (KSCA) held a key meeting on Friday to decide the next course of action following the stampede incident outside M Chinnaswamy Stadium in Bengaluru. The meeting was being chaired by KSCA President Raghuram Bhat. Also Read | SSC Recruitment 2025: Staff Selection Commission Releases Stenographer Grade C & D Exam 2025 Notification, Know How To Apply at ssc.gov.in. More details are awaited. Earlier in the day, top senior officials of Karnataka State Cricket Association (KSCA), secretary A Shankar and treasurer ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): The Karnataka State Cricket Association (KSCA) held a key meeting on Friday to decide the next course of action following the stampede incident outside M Chinnaswamy Stadium in Bengaluru. The meeting was being chaired by KSCA President Raghuram Bhat. More details are awaited. Earlier in the day, top senior officials of Karnataka State Cricket Association (KSCA), secretary A Shankar and treasurer ES Jairam, tendered their resignations from their posts, taking 'moral responsibility' for the stampede that took place near M Chinnaswamy Stadium on Wed ...Read More >
The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha 'hastily', surfaced now Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. Karnataka CM Siddaramaiah said, "The police department did not give comprehensive information about the police security arrangements at the ...Read More >
Mysore/Mysuru: Siddaramaiah has been named as AICC OBC Committee Chairman only to be shunted out as Chief Minister of Karnataka for which Karnataka Congress In-charge Randeep Singh Surjewala has been sent by the Party High Command to convince the Congress MLAs, said BJP State President B.Y. Vijayendra. Addressing the media persons at City BJP Head Office here on Sunday, Vijayendra, who was certain about the change of guard in State, said the Congress High Command had created an alternative platform for Siddaramaiah at the national level to facilitate the change in the State. "It is only a dr ...Read More >
Bengaluru, Jul 8 (PTI) The Karnataka government has said that it has approved the release of Rs 244.10 crore to cover additional expenses such as wholesale and retail margins and transportation charges under the Annabhagya scheme for the months of February to May, 2025. This fund allocation comes in addition to a previously released grant of Rs 2,082.99 crore, which was meant for the purchase of an extra five kg of rice per beneficiary and other related costs for the four-month period, a government order issued on Monday said. The order was issued as the lorry owners transporting rice and ot ...Read More >
SRINAGAR: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tributes to the 22 people killed by the Dogra army on July 13, 1931. The dramatic scene unfolded a day after Abdullah and several leaders of the National Conference and opposition parties were put under house arrest to prevent them from going to the graveyard to mark Martyrs' Day. National Conference president Farooq Abdullah took an autorickshaw from the Khanyar crossing to the martyrs memorial while Minister for Education Sakina Ittoo surprised everyone by r ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Bengaluru Stampede: Days after the tragic Karnataka stampede incident, in which 11 people lost their lives and several others were injured, a letter from the Deputy Commissioner of Police (DCP), Vidhana Soudha Division, Bengaluru, has surfaced showing that the police had warned against holding the Royal Challengers Bengaluru (RCB) felicitation event and cited security concerns. The fans had gathered outside the M Chinnaswamy Stadium to cheer on for RCB, who had lifted the trophy in the IPL for the first time in 18 years. The letter reportedly by Vidhana Soudha's DCP MN Karibasavana Gowda, da ...Read More >
New Delhi, Jun 8 (PTI) Aam Aadmi Party's Rajya Sabha MP Sanjay Singh and Delhi unit chief Saurabh Bharadwaj on Sunday visited the demolition site of the Madrasi Camp slum cluster, where they met with displaced residents, and intensified their attack on the BJP over the recent eviction drive. They alleged that Prime Minister Modi's promise to slum dwellers of 'jahan jhuggi wahan makan' - house at the site of their hutment - has "proved to be hollow like many others". There was no immediate response available from the BJP or the Delhi government over the accusations. The Madrasi Camp -- a jhu ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
CHENNAI: The Tamil Nadu Anti-Terrorism Squad (ATS) of the state police on Tuesday said it has arrested two accused wanted in several bomb blasts and communal murder cases after being on the run for over 25 years. The key accused among the two is Abubacker Siddique of Nagore. He is allegedly involved in the attempt to plant a pipe-bomb during the rath yatra of former home minister LK Advani in Madurai in 2011, among others. Other cases he is allegedly involved include the bomb blast at Hindu Munnani office in 1995 in Chennai, an explosion in Nagore the same year, and coordinated planting of bo ...Read More >
Neeraj Chopra's invitational javelin event - NC Classic 2025 - has been rescheduled to be held on July 5 in Bengaluru, organisers JSW Sports confirmed on Tuesday. The NC Classic was postponed from its original May 24 date last month due to the India-Pakistan cross-border conflict last month. Some of the world's top stars are set to line up for the event at the Kanteerava Stadium next month. Former World Champions Anderson Peters and Julius Yego, as well as Rio 2016 champion Thomas Rohler, were a ...Read More >
New Delhi: In a joint operation, the Israel Defense Forces (IDF) and the Israel Security Agency (ISA) have eliminated As'ad Abu Sharaiya, a senior leader of the Mujahideen terrorist organization in Gaza, and another terrorist, Mahmoud Muhammad Hamid Kuhail. According to the IDF, Abu Sharaiya was directly involved in the October 7, 2023, massacre, infiltrating Kibbutz Nir Oz, and was responsible for the abduction and murder of several Israeli citizens, including Shiri, Ariel, Kfir Bibas, and Nattapong Pinta. He also played a role in recruiting operatives for terror attacks against Israel and I ...Read More >
Bengaluru (Karnataka) [India], June 8 (ANI): BJP leader CT Ravi has condemned the Karnataka government over the stampede tragedy outside Chinnaswamy Stadium during RCB's IPL victory celebrations, which claimed 11 lives. Ravi held Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar responsible for the tragedy, saying that 'such an event could only have been organized with their permission.' Speaking to ANI on Sunday, Ravi said, 'Such an event could have only been organised with the CM and Dy CM's permission. They are the reason behind this tragedy... Can they bring back the peo ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): Amid mounting speculations of possible change in state leadership, Karnataka Deputy Chief Minister DK Shivakumar on Tuesday clarified that the dicussions held during the recently concluded meeting of Congress General Secretary Randeep Surjewala with party MLAs were not about cabinet reshuffle, but instead it was concerned with organisational aspects of the party. 'AICC general secretaries are meeting to discuss party organisation issues and accept requests from MLAs, but there is no discussion about changing the CM or expanding the cabinet,' Shivak ...Read More >
Bengaluru: Responding to objections raised by Karnataka Chief Minister Siddaramaiah over his request to reschedule the inauguration of the Sigandur cable bridge project, allegedly being neglected by the Union Government, the Centre has clarified that the Chief Minister was invited to the event on June 11 and was also requested to preside over the programme. Union Minister for Road Transport and Highways, Nitin Gadkari, taking to social media platform X, on Monday, stated, "A major step towards boosting regional connectivity, the inauguration and foundation stone laying ceremony for multiple k ...Read More >
Bengaluru (Karnataka) [India], May 23 (ANI): Workers of Pro Kannada organisations staged protest in Bengaluru demanding the removal of actress Tamannah Bhatia as the brand ambassador from Karnataka Soaps and detergents limited (KSDL). The actress has been offered an amount of Rs 6.2 crore to work the brand. Meanwhile, Karnataka Large and medium Industries Minister MB Patil stated that the locals of Karnataka were extremely unhappy with the appointment of actress Tamannah Bhatia as an ambassador of the KSDL products. Also Read | West Bengal: 13-Year-Old Boy Accused of Stealing Chips Dies by S ...Read More >
Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the re ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Bengaluru (Karnataka) [India], June 8 (ANI): Karnataka Assembly Leader of Opposition (LoP) R Ashok has strongly criticised the Chief Minister Siddaramaiah-led government over the stampede tragedy outside Chinnaswamy Stadium during RCB's IPL victory celebrations, which claimed 11 lives. LoP Ashok questioned Chief Minister Siddaramaiah and demanded the resignation of the Chief Minister and Deputy Chief Minister DK Shivakumar. Also Read | Modi Government Celebrates 11 Years of 'Shashkt Nari', Says 'Women Central to India's Growth Story'. "Siddaramaiah is in trouble. His mind is not functioning ...Read More >
Bengaluru (Karnataka) [India], June 8 (ANI): BJP leader Prabhu Bhamla Chavan on Sunday hit out at the Karnataka government over the stampede tragedy outside Chinnaswamy Stadium during RCB's IPL victory celebrations, which claimed 11 lives. Chavan held Chief Minister Siddaramaiah, Deputy Chief Minister DK Shivakumar, and state Home Minister G Parameshwara directly responsible for the tragedy. 'The main culprits are the Chief Minister, Deputy Chief Minister, and state Home Minister. All three should resign. This is the demand of the whole population of Karnataka... 11 people died because of th ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): The Central Administrative Tribunal (CAT) on Tuesday stated that it was the Royal Challengers Bengaluru (RCB), who appear to be 'prima facie responsible' for the Chinnaswamy Stadium stampede that claimed 11 lives and left dozens injured. The quasi-judicial body stated that RCB didn't obtain permission from the police and posted about the gathering on social media platforms, which led to the assembly of approximately three to five lakh people. It said that police were not given sufficient time to make appropriate arrangements. 'Prima facie, it appe ...Read More >