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 18 (PTI) Reliance Retail on Friday announced the acquisition of consumer durables brand Kelvinator in a bid to accelerate its growth in the rapidly expanding premium home appliances market across India. The company, however, did not disclose the financial details of the transaction. The acquisition is poised to significantly amplify the company's leadership in India's fast-growing consumer durables sector, Reliance Retail said in a statement. "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network," Reliance Retail Ventures Ltd Executive Director Isha M Ambani said. She further said, "This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network." By integrating Kelvinator's rich legacy of innovation with Reliance Retail's expansive retail network, the company is set to unlock substantial consumer value and accelerate growth in the rapidly expanding premium home appliances market across India, Reliance Retail said. This synergy will ensure that high-quality, globally-benchmarked products are accessible to every Indian household, enhancing their daily lives, it added. For over a century, Kelvinator pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, ''The Coolest One'' and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value, the statement added. With Kelvinator now firmly integrated into its formidable ecosystem, Reliance Retail is strategically positioned to accelerate category growth, deepen consumer engagement, and unlock substantial long-term opportunities within India's dynamic consumer durables market, the company said. PTI RKL DRR
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present. Since it is an OFS, the company will not receive any proceeds from the IPO. In its draft papers ...Read More >
New Delhi, Jul 18 (PTI) India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. Also Read | PM Kisan Samman Nidhi Yojana ...Read More >
New Delhi, Sep 30 (PTI) LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year. LG Electronics India had filed its preliminary papers with Sebi in Decembe ...Read More >
New Delhi, Oct 1 (PTI) LG Electronics India Ltd, the Indian arm of South Korea's LG conglomerate, on Wednesday announced that its much-awaited Rs 11,607 crore initial public offering (IPO) will open for subscription on October 7, giving the valuation of around Rs 77,400 crore (USD 8.7 billion) The company's maiden public offering will be available for subscription until October 9 in the price range of Rs 1,080-1,140 per share. The bidding for anchor investors is scheduled for October 6, the company said in a public announcement. This will be the second South Korean company to tap the Indian s ...Read More >
Mumbai, Feb 24 (PTI) Up to 30 per cent of India's top-100 unlisted companies have the right business models and growth potential, making them candidates for listing on stock exchanges, a top official from Hurun India said on Tuesday. None of these companies identified in the 'JM Financial' - Hurun India Unlisted Gems 2026' have formally announced IPO plans yet. "I think some of them could (list). I think around 25-30 per cent has a potential to get listed, but they don't have IPO plans announced ready," Anas Rahman Junaid, founder and chief researcher at Hurun India, told PTI on the sideline ...Read More >
New Delhi, Jun 28 (PTI) Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major. Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market. Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. According to GFK numbers, Panasonic has a very low market share i ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisation (CDSCO) portal on a monthly basis. "For the month of June-2025, Central Drugs Laboratories have identified ...Read More >
Mumbai, Aug 25 (PTI) Shree Refrigerations Ltd (SRL) on Monday announced securing a contract worth Rs 106.62 crore from Hindustan Shipyard Limited for the supply of turnkey HVAC (heating, ventilation and air conditioning) systems for the Indian Navy's Fleet Support Ship (FSS) project. With the addition of this order, SRL's total order book now stands in excess of Rs 300 crore, SRL said in a statement. The complete heating, ventilation, air conditioning and refrigeration solution under this project will be indigenously developed, in alignment with the Indian Government's Atmanirbhar Bharat ini ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a spike in sales from day one on September 22, when the new slashed rates came into effect. Encouraged ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Indus ...Read More >
New Delhi, Jul 18 (PTI) The new Shein India app, selling fast fashion, has crossed 2 million app downloads within six months of re-launch and now has over 20,000 live options, according to the latest earnings report from Reliance Industries. Moreover, Reliance Retail also witnessed a "strong pick up" in its daily orders from its Quick-commerce platform, "with 68 per cent Q-o-Q growth and 175 per cent Y-o-Y growth". Its operations were scaled to 4,290 pin codes serviced by 2,200-plus stores in 1,000-plus cities," said Reliance Industries. Reliance Retail, the country's largest retailer, had ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
New Delhi: In a major strategic step, the Noel Tata-led Tata CLiQ has decided to rebrand the brand as Tata CLiQ Fashion. The move is seen as the company's idea to align with its "fashion-forward approach." Tata CLiQ is the e-commerce arm of the Tata Group. The rebranding marks the company's shift from being a horizontal marketplace to a specialized vertical platform focusing on fashion and lifestyle. The Tata CLiQ Fashion has unveiled a complete visual redesign, featuring a fresh logo, revamped packaging, and updated user experiences on both its app and website. According to a Hindu Businessl ...Read More >
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Also Read | Ladki Bahin Yojana January 2025 Instalment Date: When Will Women Beneficiaries Receive INR 1,500 in Maharashtra?. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent sta ...Read More >
New Delhi, Sep 30 (PTI) The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said. At least six premises in Mumbai and Mhow in Indore were raided, they said. The searches are part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad, they said. The ED has already been investigating alleged financial irregularities and collecti ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
NEW DELHI: The Uttar Pradesh administration has strengthened security arrangements across several districts including Lucknow, Sambhal, and Moradabad to ensure peace and avoid any disruption, as Muharram processions and the Kanwar Yatra are being held at the same time.Large crowds gathered for Muharram processions across different regions, while preparations for the Kanwar Yatra are also underway. Police personnel have been deployed in all sensitive areas, and surveillance is being carried out using drones and CCTV cameras.In SambhalDistrict Magistrate Dr Rajender Pensiya while speaking to ANI ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, Announces RBI. ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Sing ...Read More >
European stocks rose on Friday, heading for small weekly gains, as investors focused on corporate earnings to assess the impact of US tariffs on businesses. The STOXX 600 index climbed 0.3% to 548.84 points, set for its second weekly gain. Other major indexes, including Germany's DAX, France's CAC40, and Britain's FTSE 100, also saw modest increases. Swedish defense company Saab jumped 12.7%, leading the STOXX 600, after reporting better-than-expected second-quarter earnings and raising its sal ...Read More >
JAMMU, July 18: Reliance Retail today announced a landmark acquisition of Kelvinator, a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector. This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide. Speaking on the occasion, Isha M Ambani, executive director, Reliance Retail Ventures Limited (RRVL) said, "Our mission has always been to serve the diverse needs of every Indian by making te ...Read More >
Mumbai: An article by Congress leader Rahul Gandhi terming the 2024 state assembly polls as 'match-fixing' stirred a political controversy in Maharashtra. Statement Of Maharashtra CM Devendra Fadnavis Chief Minister Devendra Fadnavis said the Congress leader was insulting the voters and Ladki Bahins of Maharashtra. He said, "Rahul Gandhi has accepted his defeat in Bihar. As long as Rahul Gandhi keeps giving himself false assurances, his party can never win". Revenue Minister Chandrashekhar Bawankule's Statement Revenue Minister Chandrashekhar Bawankule criticised Gandhi, saying his party w ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that made me and the ones still on my way. Thank you for all your love and wishes Instafam. #Gratitude #lo ...Read More >
MUMBAI: In a dramatic turnaround and a likely setback to the State Bank's effort to recover its dues from RCom, the crippled telecom company that was promoted by Anil Ambani, state-run lender Canara Bank has informed the Bombay High Court that it has withdrawn its order classifying the loan as fraudulent. Following this disclosure, a bench of justices Revati Mohite Dere and Neela Gokhale on Thursday disposed of the petition filed by Ambani challenging the bank's order issued last year, saying "nothing survives in it now," and asked the bank to inform "the withdrawal order to the Reserve Bank, ...Read More >
New Delhi, Jul 13 (PTI) Film stars Shah Rukh Khan, Salman Khan and Ranveer Singh, among others, extended their wishes to billionaire industrialist Mukesh Ambani's son Anant Ambani and Radhika Merchant, as they celebrated their first wedding anniversary. The duo tied the knot on July 12, 2024, in Mumbai. The ceremony was attended by several celebrities, including Amitabh Bachchan, Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff, and Varun Dhawan. It also had reality TV star Kim Kardashian and her sister Khloe, Nigerian rapper Rema, former UK Prime Minister Tony Blair, and global business ...Read More >
New Delhi, Jul 18 (PTI) Jio Platforms on Friday reported a nearly 25 per cent year-on-year rise in net profit to Rs 7,110 crore in the quarter ended June. Jio Platforms Q1FY26 gross revenue climbed 19 per cent year-on-year (YoY) to Rs 41,054 crore, according to the earnings statement released by parent Reliance Industries. Jio Platforms houses Reliance Industries' telecom and digital businesses. Operating revenue growth was driven by a strong rise in subscriber base across mobility and homes, and increasing customer engagement and digital services business, the company said. Mukesh Ambani, ...Read More >
New Delhi: Reliance Retail on Friday announced the acquisition of consumer durables brand Kelvinator in a bid to accelerate its growth in the rapidly expanding premium home appliances market across India.The company, however, did not disclose the financial details of the transaction. The acquisition is poised to significantly amplify the company's leadership in India's fast-growing consumer durables sector, Reliance Retail said in a statement. "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consum ...Read More >