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, July 17: The Advisory Board under the Directorate of Revenue Intelligence (DRI) has upheld the invocation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities (COFEPOSA) Act against jailed Kannada actress Ranya Rao. The board on Thursday also issued directions not to allow the filing of a bail petition by jailed actress Ranya Rao for one year from the date of her arrest as per the provisions of the COFEPOSA Act. The Advisory Board directed the DRI that no bail application should be filed on behalf of Ranya. Following this directive, the DRI conveyed the information to the jail authorities. Earlier, Ranya Rao was granted bail by a special court. However, since the case was registered under a special law, she was not released. The Central Economic Intelligence Bureau (CEIB), a nodal agency under the Ministry of Finance, invoked the COFEPOSA Act against the actress and other accused in the gold smuggling case, based on a recommendation by the Directorate of Revenue Intelligence (DRI), which is investigating the gold smuggling case. Ranya Rao Gold Smuggling Case: Karnataka Government Orders Probe Against Jailed Actress' Father Ramachandra Rao. As per the provisions of the COFEPOSA Act, she will have to remain in custody for up to one year. On May 20, the Special Court for Economic Offences granted conditional bail to Ranya Rao. The court also granted bail to the second accused, Tarun Raju. She had hoped to secure bail and, after her mother had challenged the invocation of the COFEPOSA Act in court. The accused had sought bail on the grounds that the Directorate of Revenue Intelligence (DRI) had failed to submit the charge sheet within 60 days. Taking this into consideration, the court had granted bail. Ranya Rao Gold Smuggling Case Takes Shocking Turn! Actress' Husband Jatin Hukkeri Files for Divorce. Taking cognisance of the development, the Advisory Board, the statutory body within the DRI, looked into the matter and upheld the invoking of the Special Act against Ranya Rao. Ranya Rao was arrested on March 3 in connection with a gold smuggling case and has been in jail for the past four months.
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 >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Bengaluru, July 4 (SocialNews.XYZ) The Directorate of Enforcement (ED) has made provisional attachment of properties worth Rs 34.12 crore linked to jailed actress Ranya Rao and others in connection with sensational gold smuggling case. The ED stated on its official social media handle X on Friday: "ED, Headquarter Office, New Delhi has provisionally attached immovable properties valued at Rs 34.12 crore under the provisions of the PMLA, 2002 in a case involving transnational gold smuggling and laundering of its proceeds by Ranya Rao aka Harshavardini Ranya and her associates." The attached a ...Read More >
Hyderabad (Telangana) [India], July 5 (ANI): Telangana BJP president N Ramchander Rao on Saturday accused the Congress of misleading the country with its claim that the BJP-led government at the Centre wants to change the Constitution. He added that AICC has now become the 'All India Cheating Congress'. "The words 'secular' and 'socialist' were not there in the Constitution. It was added after the 42nd Amendment. The Amendment was brought during the Emergency. Emergency was a black day in the democratic history of our country. So, the original Constitution did not have the words 'secular' and ...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 >
Bengaluru (Karnataka) [India] July 4 (ANI): The inaugural edition of the 'Neeraj Chopra Classic 2025' is set to bring together a stellar line-up of world-class javelin talent from India and across the globe. Scheduled for July 5, 2025, at the Sree Kanteerava Stadium in Bengaluru, the event marks a significant milestone in Indian athletics. Also Read | Highest Test Scores In An Innings: From Brian Lara To David Warner, A Look at Top 10 Highest Individual Scores in History of Longest Format of Cricket. As a World Athletics-sanctioned Gold-level meet, the 'Neeraj Chopra Classic 2025' will be I ...Read More >
Mumbai, (UNI) The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit (MZU), has successfully busted a major gold extraction and refining facility involved in the illegal melting of smuggled gold, officials said here on Tuesday. Acting on a specific intelligence, DRI officers conducted searches at three related locations, leading to the recovery of substantial quantities of smuggled gold, silver, and cash. The operation resulted in the seizure of 23.92 kilograms of gold bars and melted form, including foreign-marked gold, along with 37 kilograms of silver. Additionally, cash amount ...Read More >
New Delhi [India], June 26 (ANI): The Directorate of Revenue Intelligence (DRI) seized 39 containers carrying 1,115 metric tonnes of Pakistani goods valued at approximately Rs 9 crore at the Nhava Sheva Port in Navi Mumbai, officials said. In an operation codenamed "Operation Deep Manifest", the illegal import of Pakistani-origin goods routed through third countries, primarily via Dubai, UAE, has been busted, the Ministry of Finance said in a statement Thursday. Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian ...Read More >
New Delhi, Jun 26 (PTI) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi, Jul 2 (PTI) The Delhi High Court on Wednesday asked the Drug Controller General of India to consult experts and relevant stakeholders in deciding a plea over drug combinations sold in the market for weight loss treatment. A bench of Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela asked the petitioner to give a representation to the DGCI, which was asked to decide the matter within three months. Also Read | 'Janaki' Title Row: Malayalam Film Industry Holds Protest in Front of CBFC Office Against Renaming of Suresh Gopi Film. A plea filed by Jitendra Chouksey said license ...Read More >
Karnataka: Additional Superintendent of Police (ASP) NV Baramani submitted a voluntary retirement request earlier last month after the alleged public humiliation by the Karnataka Chief Minister, Siddaramaiah, during a political event in Belagavi in April. The Karnataka government is yet to decide on the ASP's request. The incident occurred at a Congress protest rally against rising prices on April 28. Led by CM Siddaramaiah, who was agitated by the BJP women causing disruption, the event saw what was public humiliation for the officer. Siddaramaiah called the ASP on stage and raised his hand ...Read More >
New Delhi [India], December 11 (ANI): Rohini District Court on Wednesday issued a notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by AAP leader Satyendra Jain. Jain has stated that Bansuri Swaraj made defamatory remarks in an interview with a television channel in October 2023. Senior Civil Judge Naina Gupta issued notice to Bansuri Swaraj and others and sought a response to the suit. The next date of hearing is 22 February 2025. Jain has prayed for direction to the TV channel to take down the content in question and restrain her from making further statements. Jain has cla ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
New Delhi, Jun 26: In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing firm ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
BENGALURU: The Headquarter Investigative Unit-II of Directorate of Enforcement (ED) in New Delhi has provisionally attached immovable properties of Rs 34.12 crore under the Prevention of Money Laundering Act (PMLA), in a case related to the transnational gold smuggling and laundering of its proceeds by the popular Kannada actress Harshavardini Ranya alias Ranya Rao and her associates. The ED has provisionally attached four properties of equivalent value belonging to Rao. These include a residential house in Victoria Layout, a residential plot in Arkavathi Layout, industrial land in Tumakuru, ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
CUTTACK: The Orissa High Court has granted a 10-day interim bail to Chintan Raghuvanshi, deputy director of the Enforcement Directorate (ED), Bhubaneswar zonal office, who was arrested by the CBI on May 30 in connection with a bribery case. The 2013-batch Indian Revenue Service officer was taken into custody for allegedly accepting illegal gratification through a middleman from a city-based businessman in exchange for settling a case. Raghuvanshi had filed a regular bail petition on June 23, along with an interlocutory application seeking interim bail citing the pregnancy of his wife. However ...Read More >
Bengaluru, July 5 (UNI) Declaring a new era for Indian track and field sports, JSW Sports Chief Operating Officer Divyanshu Singh today said the Neeraj Chopra Classic is not just a competition but a defining statement that "India is ready to host, nurture and celebrate global sporting excellence, not just in cricket, football or kabaddi, but in athletics too." In a passionate message hours ahead of the much-anticipated launch of the international javelin event named after Olympic gold medallist Neeraj Chopra, Singh said the tournament marks a significant milestone not only for the sport of ja ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...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 >
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 >
HYDERABAD: Refuting the allegations of the Opposition BRS that the Congress government failed to stop the Andhra Pradesh government's proposed Godavari-Banakacherla project, Irrigation Minister N Uttam Kumar Reddy on Friday declared that "we are ready for any kind of fight" against AP's project. Speaking to reporters here, Uttam said that the state government has already written letters to Jal Shakti Minister CR Patil and Union Finance Minister Nirmala Sitharaman opposing the project. "After our representation, Union Minister CR Patil in a letter assured us that the G-B project will be exami ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Srinagar- A local court in Jammu and Kashmir on Friday dismissed a case of Model Code of Conduct (MCC) violation filed against PDP leader and MLA Waheed-Ur-Rehman Parra in connection with a roadshow he held during last year's Lok Sabha elections in Pulwama district. The case, registered under Section 188 of the Indian Penal Code (IPC), was dismissed by Additional Special Mobile Magistrate Awantipora, Muneer Ahmad Bhat, who ruled that no cognisance of the offence could be taken due to procedural lapses in the chargesheet. Parra, the PDP candidate from Srinagar parliamentary constituency, was ...Read More >