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 17 (PTI) The government has appointed Nitin Gupta, former Chairman of CBDT, as the Chairperson of the National Financial Reporting Authority (NFRA). Besides, Smita Jhingran, P Daniel and Sushil Kumar Jaiswal have been appointed as Full Time Members of the regulator, according to a source. The post of the NFRA Chairperson has been lying vacant after the three-year tenure of Ajay Bhushan Prasad Pandey ended on March 31. In April, the government gave the Competition Commission of India (CCI) chief Ravneet Kaur the additional charge as the NFRA Chairperson. An Indian Revenue Service (IRS) officer, Nitin Gupta is the former Chairman of the Central Board of Direct Taxes (CBDT). The Appointments Committee of the Cabinet on Thursday approved the appointment of Gupta as Chairperson and the three persons as Full Time Members of NFRA, as per the source. Jhingran, also an IRS officer, had earlier served as a Full Time Member of the regulator, while Daniel is the former Secretary of the Central Vigilance Commission. Jaiswal is the former Director General of Audit (Central Receipt). The appointments are for a period of three years or till the incumbent attains the age of 65 years or until further orders. NFRA was set up under the companies law in October 2018. PTI RAM SHW
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, June 6 (PTI) 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 representatives of RCB, DNA entertainment and KSCA in connection with the sta ...Read More >
Bengaluru, Jun 5 (PTI) Karnataka Chief Minister Siddaramaiah on Thursday ordered the suspension of Bengaluru police commissioner and several senior police officials in connection with the stampede in front of Chinnaswamy Stadium here, which left 11 people dead. He has also ordered the arrest of representatives of RCB, DNA event managers and Karnataka State Cricket Association (KSCA), while handing over the probe to the one-man judicial commission headed by retired High Court judge of Karnataka Justice Michael Cunha. The stampede occurred on Wednesday evening in front of the stadium, where a ...Read More >
Itanagar: The Arunachal Pradesh govt has launched a statewide crackdown to detect and deport illegal Bangladeshi immigrants, an official said on Thursday.Acting on directives issued by the Union ministry of home affairs (MHA), the state has instructed all districts to immediately constitute district task forces (DTFs) to identify undocumented immigrants and ensure strict enforcement of Inner Line Permit (ILP) provisions.The decision was taken at a high-level meeting chaired by advisor to home minister Mutchu Mithi and DGP Anand Mohan on Wednesday. The meeting was attended by senior police offi ...Read More >
New Delhi, Jun 6 (PTI) Former Delhi minister Satyendar Jain was questioned by the Anti-Corruption Branch (ACB) for over five hours on Friday in connection with a graft case related to the construction of classrooms in city government schools under the previous AAP dispensation. Sources said Jain was evasive in his replies and might be called for questioning again. Jain, who was the Public Works Department (PWD) minister in the AAP government, termed the case "politically motivated". According to the sources, Jain was given a written questionnaire with 29 questions. "He tried to put the bla ...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 >
Bhubaneswar, Jan 22 (PTI) The police have intensified security to thwart the possible efforts of the Maoists to enter Odisha following an operation that left 14 red rebels dead in neighbouring Chhattisgarh, an official said on Wednesday. The police remained alert in the districts bordering Chhattisgarh as combing operations were underway in Chhattisgarh. "We have put the police and central forces deployed in different districts to remain alert and prevent possible infiltration of Maoists from the neighbouring state," Odisha DGP Y B Khurania said after holding a review meeting. Khurania along ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Over 331,000 devotees have already registered for the Amarnath Yatra, commencing on July 3 and concluding on August 9, 2025. Lieutenant Governor Manoj Sinha chaired a meeting to review preparations, focusing on essential amenities and safety measures along the Pahalgam and Baltal routes. The board discussed enhancing facilities, lodging, and services for a hassle-free pilgrimage. SRINAGAR: More than 3,31,000 devotees have registered so far for this year's Amarnath Yatra, which is set to begin on ...Read More >
New Delhi, Jun 8 (PTI) Engineering solutions provider DEE Development Engineers Ltd is planning to diversify into hydrogen production as it expects good business opportunities in the sector. DEE Development Engineers Chairman and Managing Director (CMD) Krishan Lalit Bansal said, "We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70 per cent stake in a company called Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants, and ammonia crackers." Also Read | Bodoland Lot ...Read More >
New Delhi: From 2025, the CUET-UG will be conducted exclusively as a computer-based test (CBT), and students will have the flexibility to appear for any subject, regardless of what they studied in class 12. This decision follows a review conducted by an expert panel set up by the University Grants Commission (UGC), as explained by UGC Chairman Jagadesh Kumar. What are the major changes? In an interview with PTI, Kumar elaborated on the changes saying, "The exam will be conducted only in CBT mode from 2025, unlike the hybrid mode used last year. We have also reduced the number of subjects fr ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...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 >
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 >
Mumbai, Jun 7 (PTI) In the wake of removal of its pro-Vice Chancellor for alleged financial misappropriation, city-based Tata Institute of Social Sciences (TISS) is now contemplating to appoint a Vice Chancellor in the next couple of months. On Friday night, TISS asked its pro-VC professor Shankar Das to step down with immediate effect amid allegations of financial misappropriation and irregularities against him. "Consequent upon approval of the Competent Authority, Prof Shankar Das, Pro Vice Chancellor is hereby relieved from the charge of Pro Vice Chancellor with immediate effect," the TIS ...Read More >
Chandigarh, Jun 7 (PTI) Punjab Police on Saturday said it has busted an illegal arms smuggling racket with the arrest of three people and recovery of six sophisticated foreign-made weapons, smuggled from across the border. Director General of Police (DGP) Gaurav Yadav said those arrested have been identified as Rajan, Paramjit Singh and Dinesh Kumar, all residents of Amritsar. The recovered weapons include two Glock 19X pistols, two .30 bore pistols, one .30 bore Star Mark Pistol and one Beretta .30 bore Pistol. Preliminary investigations revealed that the accused were working under the dir ...Read More >
New Delhi, Dec 18 (PTI) Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. Also Read | Cancer Vaccine Ready for Use, Announces Russia; What Is the Cost? How Effective Is It? When Will It Be Available?. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely c ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Chandigarh, Jun 7 (PTI) The Punjab and Haryana High Court has dismissed the Punjab government's plea seeking a recall or modification of its May 6 order which asked it to release water to Haryana. On May 26, the high court had reserved its order on the Punjab government's plea. Punjab had sought a recall or modification of its May 6 order pertaining to Union Home Secretary Govind Mohan's May 2 decision to release 4,500 cusecs of extra water to Haryana. The high court on May 6 directed Punjab to abide by the decision of the meeting held on May 2 under the chairmanship of the Union home secre ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over USD 15 billion in investment. The acquisition was executed through Aditya B ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. Also Read | How To Activate Your UAN O ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
New Delhi, Dec 17 (PTI) Drug firm Granules India on Tuesday said its subsidiary has received approval from the US health regulator for a generic medication used to treat attention-deficit hyperactivity disorder. Granules Pharmaceuticals, Inc (GPI) has received approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Lisdexamfetamine Dimesylate chewable tablets, the drug firm said in a statement. The approved drug is available in multiple strengths; 10 mg, 20 mg, 30 mg, 40 mg, 50 mg, and 60 mg, it added. The company's product is the generic ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. 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 acquisition continues Aditya Birla's expansion in the US' manufacturing sect ...Read More >
A one-man inquiry commission, led by retired Justice John Michael Cunha, has been formed by the Karnataka government to investigate the stampede at the RCB victory celebration that resulted in 11 deaths. The commission will identify those responsible for any procedural lapses and suggest preventative measures.The one-man inquiry commission constituted by the Karnataka government under retired High Court judge John Michael Cunha to inquire into the June 4 stampede that killed 11 people, has been a ...Read More >
New Delhi: CUET-UG will be conducted only as a computer-based test (CBT) from 2025 and students will be allowed to appear for any subject irrespective of the subjects studied in class 12, according to UGC Chairman Jagadesh Kumar. In an interaction with PTI, Kumar said an expert panel set up by the University Grants Commission (UGC) conducted a review of the exam and proposed several changes. "The exam will be conducted only in CBT mode from 2025 unlike hybrid mode last year. We have also reduced the number of subjects from 63 to 37 and admissions for the dropped subjects will be conducted on ...Read More >
New Delhi, Dec 12 (PTI) Rajya Sabha proceedings were adjourned for the day Thursday afternoon amid ruckus as the treasury and opposition benches trades charges over no-trust notice against Chairman Jagdeep Dhankhar, and the BJP's allegations of the Congress leadership's "connections" with billionaire investor George Soros. The House witnessed two adjournments in the day before that. The first was during the Zero Hour in the pre-lunch sitting when Chairman Dhankhar rejected six notices to adjourn the scheduled business of the day and take up matters mentioned in the notices. As several oppos ...Read More >