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: The State Government on Thursday justified the suspension of IGP Vikash Kumar Vikash, who was Additional Commissioner of Police, over the June 4 stampede during the Royal Challengers Bengaluru (RCB) victory celebrations, before the Karnataka High Court stating that the cops acted as if they were "servants of RCB" and their "actions embarrassed the government". The senior counsel representing the State Government made this submission before the division bench of Justice SG Pandit and Justice TM Nadaf during the hearing of the petition filed by the State Government against the order passed by the Central Administrative Tribunal which quashed the suspension of Vikash Kumar. The senior counsel submitted that the CEO of RCB sought permission. "However, the police, starting from the commissioner, started making arrangements for bandobust, forgetting that no permission had been granted. The commissioner failed to pass an order refusing to grant permission, as if they had no power. If they have no power, why did they make bandobast arrangements?" he argued. Being the authority to inspect the place, the same was not done to check issues such as the availability of parking, law and order problems in the locality, or whether any nuisance would be caused. Police have all the powers under the Karnataka Police Act, but they didn't do anything, he argued, while pointing out that the CAT, instead of testing the validity of the suspension orders, goes into a fact-finding exercise which it was not authorised to do nor warranted.
Mumbai, Jan 27 (PTI) The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defen ...Read More >
Bengaluru, June 5 (PTI) In a major development, Karnataka Chief Minister Siddaramaiah on Thursday suspended Bengaluru police commissioner B Dayananda and several other senior police officials in connection with the stampede outside the Chinnaswamy Stadium that killed 11 people. He also ordered the arrest of representatives of the RCB team, the event management firm DNA Entertainment Private Limited, and the Karnataka State Cricket Association (KSCA), hours after an FIR was registered against them under various charges, including culpable homicide not amounting to murder. The state government ...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, 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 >
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 >
Bengaluru: In a major development, the Karnataka government suspended senior IPS officers including Bengaluru Police Commissioner Dayanand. The government also ordered the arrest of the senior representatives of Karnataka State Cricket Association (KSCA), Royal Challengers Bengaluru (RCB) franchise, and DNA Event Management Company in connection with Wednesday's stampede that claimed the lives of 11 youngsters. "Today's cabinet discussed yesterday's stampede thread bear. Prima facie it appeared that the irresponsibility and negligence of the KSCA, RCB, and the event management company led to ...Read More >
UP: Karnataka Police have arrested the mother-in-law and brother-in-law of late Atul Subhash, who committed suicide on December 9 over alleged demand by his wife's family for Rs 3 crore as settlement. The sensational case has triggered debate over harassment of married men and misuse of dowry provisions in the country. Atul Subhash ended his life on Monday leaving behind a 40-page death note and 90-minute video explaining how he was allegedly tortured by his wife. Atul's In-Laws Arrested On Thursday Night The Karnataka Police arrested Nisha Singhania, Atul's mother-in-law and brother-in-law ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): A day after the tragic stampede during the IPL victory celebration event of the Royal Challengers Bengaluru (RCB) in Bengaluru that left 11 dead and dozens injured, Karnataka Chief Minister Siddaramaiah on Thursday said that a one-member commission has been formed to probe the incident. CM Siddaramaiah also announced that the state government has decided to suspend top police department officials, including the Commissioner of Bengaluru City Police. Speaking to the media, the Karnataka CM stated, 'Under the chairmanship of Justice Michael D'Cunha, ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): Venu, one of the injured in the stampede that took place outside the Chinnaswamy Stadium in Bengaluru on June 4, is undergoing treatment at a hospital, recounted the tragedy that left eleven people dead and many more injured. The incident occurred when a massive crowd of fans gathered to greet the Royal Challengers Bengaluru (RCB) after they had won the IPL. 'We went to watch the event near gate no. 6 around 3:30 pm yesterday. The barricade fell and caused injury to me. I received a fracture. I'm better now, but I can't walk. Three of us went ther ...Read More >
Bengaluru: A day after 11 people died and several injured in a stampede at the M Chinnaswamy Stadium, an FIR has been filed against the managements of Karnataka State Cricket Association (KSCA), Royal Challengers Bengaluru (RCB) and a private event management company - DNA Entertaiment Private Limited - at the jurisdictional Cubbon Park Police Station here. According to the Karnataka Police, an FIR has been filed under Sections 115 (voluntarily causing hurt), 118 (causing grievous hurt by dangerous weapons or means) and 105 (culpable homicide not amounting to murder) of Bharatiya Nyaya Samhit ...Read More >
Bengaluru Stampede: Following the tragic stampede outside Chinnaswamy Stadium that claimed 11 lives and injured 47 others, Karnataka IPS officer Seemanth Kumar Singh has been appointed as the new Bengaluru Police Commissioner. The appointment came just hours after Chief Minister Siddaramaiah ordered the suspension of Commissioner B Dayananda and several other senior police officials. Singh, a 1996-batch IPS officer, was serving as Additional Director General of Police (ADGP) of the Bengaluru Metropolitan Task Force. He will now assume the role of ADGP and Commissioner of Police, Bengaluru Cit ...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 >
Bengaluru stampede: Coming down heavily on lax policing in the aftermath of the stampede that took place during the Royal Challengers Bengaluru (RCB) victory parade, Karnataka CM Siddaramaiah on Thursday suspended senior Bengaluru police officers including city Police Commissioner 'with immediate effect'. Informing of the steps taken after 11 people were killed in the stampede on Wednesday, the chief minister said, "Cubbon Park Police Station Police Inspector, Station House Master, Station House Officer, ACP, Central Division DCP, Cricket Stadium in-charge, Additional Commissioner of Police, ...Read More >
Following a stampede at an IPL victory celebration in Bengaluru that resulted in 11 fatalities, Karnataka Chief Minister Siddaramaiah has suspended several top police officials for negligence. A judicial inquiry, led by Justice John Michael D'Cunha, will investigate the incident, along with a CID probe into RCB, KSCA, and DNA Entertainment Networks.Karnataka Chief Minister Siddaramaiah on Thursday announced the suspension of Bengaluru City Police Commissioner B Dayanand, Additional Commissioner ( ...Read More >
Karnataka Deputy Chief Minister D K Shivakumar expressed grief over the stampede near Chinnaswamy Stadium, lamenting the loss of lives and the damage to Bengaluru's reputation. He dismissed opposition allegations and accusations of playing politics, emphasizing the government's responsibility.Karnataka Deputy Chief Minister D K Shivakumar on Thursday turned emotional over the loss of lives due to the stampede near the Chinnaswamy Stadium and said that Bengaluru has lost its image due to the incid ...Read More >
Census 2027: India's largest data exercise returns with digital tools and caste focus | Illustration: Binay Sinha After a nearly six-year delay, India's decennial census is finally back on the agenda. It would be conducted in two phases along with the enumeration of castes. India's population census is expected to be released on March 1, 2027. Here is everything known so far. What is the census and why it matters India's census is the largest population count in the world, conducted every 10 years by the Office of the Registrar General and Census Commissioner, under the Ministry of Home Aff ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka High Court on Thursday issued a notice to the state government over the stampede incident near the Chinnaswamy Stadium that claimed the lives of 11 people and left several injured. The High Court took suo motu cognisance of the incident and asked for a further status report. 'News items have been published in various newspapers, narrating the tragedy that happened when 11 persons died and 75 were injured during the course of the victory celebration of RCB. This court is taking cognisance of the incident,' the High Court said. 'Senio ...Read More >
Subathu (Himachal Pradesh) [India], June 5 (ANI): A strength of 158 Agniveers passed out in an impressive Passing Out Parade at the historical Salaria Stadium of 14 Gorkha Training Centre in Subathu, an official release said on Thursday. The recruits, who swore allegiance to the Indian Republic, underwent rigorous training for over 31 weeks in various aspects of physical fitness, battle and field craft, weapons, and tactics. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. As per the release, the Agniveers would now be joining the Gorkha Battalions ...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, June 6 (SocialNews.XYZ) Four people, including the Royal Challengers Bengaluru (RCB) Marketing Head and DNA Event Management Company staffers, were arrested on Friday in connection with the stampede near the Chinnaswamy Stadium in Bengaluru that claimed 11 lives. Nikhil Sosale, Head of Marketing for RCB, along with Sunil Matthew, Kiran, and Sumanth from DNA Event Management, have been arrested, according to the police. Police said the accused have been arrested in a joint operation at the Bengaluru International Airport. The police have also raided the residences of Karnataka Sta ...Read More >
Bengaluru (Karnataka) [India] June 6 (ANI): Following the death of 11 people in a stampede on Wednesday near the Chinnaswamy Stadium in Bengaluru, Royal Challengers Bengaluru (RCB), DNA (event management company) officials have been taken into custody and are being taken for medical tests, on Friday. On June 4, the incident happened at Bengaluru's M Chinnaswamy stadium as a huge crowd of nearly three lakh people had gathered to witness the victory celebration of Royal Challengers Bengaluru, which won the Indian Premier League (IPL). https://x.com/ANI/status/1930900689351303502 Karnataka Pol ...Read More >
New Delhi: The BJP on Thursday demanded the resignation of Karnataka Chief Minister Siddaramaiah and his deputy DK Shivakumar, alleging that the "mutual fight and rift" between the two led to the state "government-manufactured stampede". Eleven people died and 33 were injured in the stampede near the Chinnaswamy Stadium in Bengaluru as thousands of fans gathered to catch a glimpse of the RCB team after its first-ever IPL win. BJP MP and national spokesperson Sambit Patra alleged that the "mutual fight and rift" between Siddaramaiah and Shivakumar led to the state "government-manufactured sta ...Read More >
Bengaluru, June 5 (SocialNews.XYZ) The Karnataka Police in the FIR registered regarding the June 4 stampede incident near the Chinnaswamy Stadium here which resulted in the deaths of at least 11 people, claimed that the accused parties -- Royal Challengers Bengaluru (RCB) franchise, DNA event management firm, and the Karnataka State Cricket Association (KSCA) Administrative Committee -- organised the victory celebration without the necessary permissions. The FIR filed by the Cubbon Park police on Thursday further stated that due to the initiation of all possible precautionary measures by the ...Read More >
During a June 2 earnings call, Vodafone Idea CEO Akshaya Moondra stated that the company remains engaged with the Union government to seek a resolution. On May 19, 2025, a two-judge bench comprising Justices J.B. Pardiwala and R. Mahadevan dismissed petitions filed by Vodafone Idea, Bharti Airtel, and the Tata Group under Article 32, which sought waivers on AGR interest and penalties. The court reaffirmed that the matter had been conclusively settled through its 2019 ruling and subsequent review ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Against the backdrop of the Bengaluru stampede, BJP leader Amit Malviya on Friday launched a scathing attack on the Congress-led Siddaramaiah government, alleging that it is ruining the global city's reputation. "Wake up, Bengaluru. Before it is too late. The Congress will destroy what we have built - the reputation, the dignity and the hard-earned global stature of this city," said Malviya on X. The in-charge of the BJP's National Information and Technology Department also lashed out at the Karnataka government for its mismanagement, which led to the trage ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka Police has filed an FIR against the Karnataka Cricket Board Administrative Committee, Royal Challengers Bengaluru (RCB), among others, in the Bengaluru stampede incident that claimed the lives of 11 people. According to the Deputy Commissioner of Police, Central Bengaluru, Shekar H Tekkannanavar, an FIR has been filed against RCB, DNA (event manager), Karnataka State Cricket Association (KSCA) Administrative Committee and others at Cubbon Park Police Station. Also Read | OpenAI Academy India: ChatGPT Developer Launches First Internat ...Read More >
Bengaluru: After the tragic death of at least 11 people and injury to over 50 in a stampede during Royal Challengers Bangalore's (RCB) victory celebrations outside Bengaluru's M Chinnaswamy Stadium, the Karnataka government has formed a magistrate-level inquiry committee. In a latest update in the context, a retired High Court judge will reportedly lead the magisterial investigation into the deadly stampede. Earlier, Karnataka Chief Minister Siddaramaiah had said, "I will not try to defend this incident. Our government will not do politics on this. I have ordered a magistrate-level inquiry an ...Read More >