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, July 17 (SocialNews.XYZ) Apple has set a new benchmark in smartphone manufacturing in India, achieving its fastest-ever growth in iPhone production as well as exports during the first half of 2025, the government said on Thursday. The Prime Minister's Office (PMO) took to social media platform X to celebrate the achievement, posting, "Apple harvests record iPhone output from its India orchard," highlighting the country's growing role in global tech manufacturing. According to data by market research firm Canalys, iPhone production in India jumped 53 per cent year-on-year (YoY) between January and June 2025, reaching 23.9 million units. This is Apple's strongest ramp-up since it began assembling smartphones in the country in 2017. The rise is seen as part of Apple's strategy to reduce reliance on China, especially with the looming threat of higher US tariffs on Chinese goods. Exports also followed the same growth trend, increasing by 53 per cent compared to the same period previous year, the report said. The United States was the biggest destination for iPhones made in India, receiving 78 per cent of all exports -- up from 53 per cent a year earlier. Other markets such as the Netherlands, the UAE, the UK, and Japan saw a decline in their share of Indian iPhone shipments. Foxconn led the charge in manufacturing, contributing more than half of the iPhones exported, according to the report. Tata Group has also emerged as a strong player, now accounting for nearly 40 per cent of Apple's iPhone exports from India. Analysts say this shows better manufacturing output and growing confidence from Apple in India's capabilities. "This could be Apple's earliest ever flagship production ramp-up from India," said Sanyam Chaurasia, Principal Analyst at Canalys Omdia. He noted that if India can match China's production timeline, it would mark a new chapter in Apple's global supply chain strategy. This growth is strongly backed by the 'Production-Linked Incentive (PLI) scheme' for electronics, which offers financial incentives to manufacturers for scaling up local production. The development is also a big boost to the 'Make in India' initiative, which aims to position the country as a global manufacturing hub.
U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs. "On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump said in a post on Truth Social. Trump said the tariffs would remain in place until the two countries ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Bengaluru: Another FIR has been registered against RCB, event management firm DNA Entertainment Private Limited and Karnataka State Cricket Association (KSCA) over the stampede near Chinnaswamy stadium that claimed the lives of 11, police said on Friday. The FIR was registered at Cubbon Park police station under section 125 (a) (act endangering life and personal safety of others) of the Bharatiya Nyaya Sanhita, based on a complaint by victim Rohan Gomes on June 5, they said. RCB, DNA entertainment private limited and KSCA administration have been named as accused in the case, police said. C ...Read More >
Hyderabad, Jun 6 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said BRS president K Chandrasekhar Rao should face an inquiry by the judicial commission on the Kaleshwaram project instead of attacking the Congress government. Addressing a public meeting after attending various development programmes in Yadadri-Bhuvanagri district, he referred to the judicial panel summoning KCR and the BRS criticising the state government on the matter. Also Read | Water Cut in Pune: Supply Suspended in South Pune on June 12 Due to Maintenance Work; Check Affected Areas. The judicial commission is ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
NEW DELHI: India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technologi ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
Amazon India's first Black Friday Sale starts Nov 29, offering huge discounts on electronics, home appliances, fashion, and more. Amazon India is gearing up for its first-ever Black Friday Sale, bringing the globally celebrated shopping bonanza to Indian customers. Starting November 29, 2024, and running until December 2, this five-day event promises incredible discounts across categories like electronics, home appliances, fashion, and more. Top brands such as Apple, Samsung, Sony, and LG are on the roster, making it a prime opportunity to snag premium gadgets and household items at unbeatabl ...Read More >
New Delhi, December 3: Apple is expected to enter the foldable smartphone market with its first-ever foldable iPhone by 2026. The tech giant delivers premium design and innovation in their products, is reportedly working on a foldable iPhone that could bring a significant shift to its product line. While details remain limited, multiple reports suggest that Apple is focusing on durability, user experience, and integration of advanced features. For several years, there have been many rumours and leaks about the possibility of the first foldable iPhone. It appears that Apple is now looking to t ...Read More >
New Delhi: Shipments in the Indian smartphone market grew 1-5% to about 153 million to 156 million units in 2024, with Chinese brands Vivo and Xiaomi taking the top two slots, pushing Korea's Samsung to third, according to market trackers Counterpoint Research and Canalys. Counterpoint estimates the Indian smartphone market to have grown 9% by value in 2024 to a record high, led by Apple, as more consumers purchased expensive smartphones with 5G and artificial intelligence-enabled capabilities. "2024 began on a positive note, with early growth, steady inventory levels and a favourable market ...Read More >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...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 >
Bengaluru, Jun 6 (PTI) The Karnataka State Cricket Association had sought permission for RCB's IPL trophy celebrations at Vidhan Soudha, a letter sent by it to the state government has revealed, reaffirming KSCA's assertion that it facilitated approvals for the franchise which is under fire following 11 deaths in a stampede outside the Chinnaswamy Stadium. After an FIR was lodged against them, KSCA president Raghuram Bhat, secretary A Shankar and treasurer E S Jayaram submitted in the Karnataka High Court that the gate management and crowd management were not the responsibility of the associa ...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 >
The upcoming iPhone 17 Pro, expected in 2025, may feature significant design and performance upgrades. Leaks suggest a return to aluminium frames, replacing the titanium used in previous models, alongside a revamped rectangular camera module made of aluminium. The Pro models might also sport a hybrid rear panel with aluminium and glass for enhanced durability and aesthetics. Performance upgrades include the A19 Pro chip, built on TSMC's 3nm process, promising faster speeds and better efficiency. Additionally, the iPhone 17 Pro Max could feature 12GB of RAM, marking a first for Apple’s flagship ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
New Delhi: Rare earth magnets, essential for EV motors, have become the latest flashpoint in India's growing electric mobility ambitions. These magnets power the core of Brushless DC (BLDC) and Permanent Magnet Synchronous Motors (PMSM), which drive most electric vehicles today, particularly two-wheelers. With China tightening export controls, Indian automakers now face serious supply-side disruptions. If the situation continues, industry experts warn that EV prices could rise, production could slow and expansion plans may take a hit. In April this year, China imposed an export curb on rare- ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of ...Read More >
New Delhi, January 13: OPPO is expected to launch its latest foldable smartphone, the OPPO Find N5 soon. The Find N5 is anticipated to launch in February 2025. Early reports suggest the OPPO Find N5 might be the thinnest foldable phone upon its debut, and it may set a new benchmark for design and innovation for the smartphone industry. OPPO has yet to confirm full details, but rumours have provided information on key features of the OPPO Find N5. As per reports, the smartphone could transform foldable technology with its ultra-thin build and upgraded features. Speculation points to its debut ...Read More >
Mumbai's new Sky City Mall -- image credit: Sky City Mall, Incline Realty Apple's retail expansion in India continues, with the latest being a new brick and mortar store planned for the country's newest shopping mall in Mumbai. Following Tim Cook and Deirdre O'Brien opening Apple's first store in Mumbai in 2023, the company is now, as expected, preparing to open a second Apple Store in the city. According to The Hindu Business Line, Apple has signed a lease for 10 years and 10 months for 12,616 square feet in Sky City Mall, Borivali East, Mumbai. Back when Apple first opened retail stores, ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawal ...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: Apple appears to be getting ready to expand its retail footprint in Mumbai with a second retail store in the city. According to documents accessed by real estate data firms CRE Matrix and Propstack, the tech giant has rented over 12,616 square feet of retail space in Borivali (East), a suburb in Mumbai, for a long-term lease of 10 years and 10 months. The upcoming store, reportedly located on the ground floor of Oberoi Realty's Sky City Mall, will be the fourth Apple Store in India. The company already owns two operational stores in the country -- one in Bandra-Kurla Complex (BKC) ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. "If the US is taking investment from China, if Germany is taking, I would ...Read More >
New Delhi, May 26 (PTI) Zepto Co-Founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto's competitor firms has been reaching out to Zepto's investors with unsubstantiated claims, distributing false financial data to journalists, and employing bots to spread negative narratives about Zepto on social media. "Over the past few days, the CFO of one of our competitors has been trying to build ...Read More >
New Delhi: In a story that reads like the plot of a high-stakes geopolitical thriller, Indian intelligence agencies have uncovered the presence of a mysterious Pakistani woman known as 'Madam N' - a suave and powerful business tycoon from Lahore with alleged orders straight from Pakistan's notorious spy agency - the Inter-Services Intelligence (ISI). Her mission was to infiltrate India through culture, faith and charm and to raise a ghost army of 500 spies scattered quietly across Indian soil. What began as a routine interrogation of arrested social media influencers turned into the stunning ...Read More >
New Delhi: British Foreign Secretary David Lammy will pay a two-day visit to India beginning Saturday to review bilateral ties in areas of trade as well as defence and security. Lammy will hold wide-ranging talks with his Indian counterpart S Jaishankar, and is scheduled to call on Prime Minister Narendra Modi, officials said on Friday. The British foreign secretary will also meet Commerce Minister Piyush Goyal. Lammy's visit to New Delhi comes over a month after the two countries finalised an ambitious free trade agreement (FTA). It is learnt that his visit is also expected to focus on prepa ...Read More >
AFP | Mumbai Email : editor@newsofbahrain.com India India's central bank cut interest rates more than expected yesterday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country's outlook. The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5%. A majority of analysts had expected 25-basis-point reduction. The cut was its third in a row and comes a week after government data showed India's economy expanded at its slowest pace for four years in the ...Read More >