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.
Jammu: The Amarnath Yatra was suspended on Thursday due to heavy rain in the valley for the last 36 hours, officials said. A weather advisory warned of more heavy rain in parts of Jammu and Kashmir. This comes a day after a woman pilgrim died and three sustained injuries in a landslide along the Baltal route of the yatra in Ganderbal district. "Shri Amarnathji Yatra has been suspended for 17.07.2025 from both Pahalgam and Baltal base camps. Continuous heavy rains over the last two days have necessitated restoration work to be carried out on tracks along both routes," Kashmir Divisional Commissioner Vijay Kumar Bhiduri said. "However, yatris who stayed at Panjtami camp last night are being allowed to proceed down to Baltal with adequate deployment of BRO and Mountain Rescue Teams," he said. The Border Roads Organisation (BRO) has made heavy deployment of men and machinery on the tracks to complete the work so that the yatra can be resumed from both Baltal and Pahalgam base camps, Bhiduri said. "In all likelihood, the yatra shall resume tomorrow (Friday), depending on the weather conditions during the course of the day," he said. Another official told PTI that a two-day weather advisory has warned of heavy rains in Jammu and Kashmir, including on the yatra routes in Kashmir. This is the first time the yatra has been suspended from Jammu this year. So far, 2.47 lakh pilgrims have paid obeisance at the 3,880-metre-high shrine since the yatra began on July 3. A total of 1,01,553 pilgrims have departed from the Jammu base camp for the valley since July 2, when Lieutenant Governor Manoj Sinha flagged off the first batch.
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
Bhubaneswar, Dec 3 (PTI) Odisha MLAs across party lines on Tuesday demanded an increase in their salaries and enhanced pensions for former lawmakers. The issue was raised during Zero Hour by Opposition chief whip Pramila Mallik, supported by members from both Congress and BJP. Mallik emphasised the need to increase the pension of former MLAs, saying they were struggling to manage due to rising market prices and medical expenses. She pointed out that a committee formed by the previous government had already submitted a report recommending an increase in the salary of MLAs to Rs 2.5 lakh per ...Read More >
New Delhi, Dec 4 (PTI) Axis Securities on Wednesday settled a case involving front-running trades by Vikrant Bhimrao Kadam, who worked as its dealer, and his friend, after paying Rs 14.62 lakh towards settlement amount to Sebi. It was alleged that as a stock broker, Axis Securities failed to exercise appropriate due diligence in the matter in its dealer and branch manager compliance policy. Also Read | Latest Government Jobs Notifications: Apply for 98 Court Officer, Assistant and Other Posts of NCLT Recruitment 2024; Know Salary and Other Details Here. The order came after Axis Securities ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
New Delhi, Jan 14 (PTI) Wheat sowing increased by 1.38 per cent year-on-year to 320 lakh hectare so far in the ongoing 2024-25 rabi season, according to the agriculture ministry data released on Tuesday. Wheat, the main rabi (winter) crop, was sown in 315.63 lakh hectare in the year-ago period. Sowing of most rabi crops is nearing end. Harvesting will begin from April. According to the data, pulses' acreage remained flat at 139.81 lakh hectare as on January 14, compared to 139.11 lakh hectare in the year-ago period. Gram was covered in 96.65 lakh hectare and lentil in 17.43 lakh hectare. ...Read More >
New Delhi: The opposition INDIA bloc formed to take on the BJP led NDA in the 2024 Lok Sabha elections is struggling with internal rift with Jammu and Kashmir Chief Minister Omar Abdullah acknowledging the growing discontent among the alliance partners and asking Congress to justify its leadership role instead of taking it for granted. Suggesting the Congress to raise the issue of raise the issue of restoration of statehood in Jammu and Kashmir, Abdullah said the leadership "has to be earned" and cannot be taken for granted. "By virtue of being the single largest party in Parliament, and als ...Read More >
New Delhi, Dec 18 (PTI) The Pakistan high commission on Wednesday said it issued 84 visas to Indian pilgrims to visit the Shree Katas Raj temples in Punjab province's Chakwal district. The group has been given visas to visit the Katas Raj temples from December 19 to 25. The temples are also known as Qila Katas. It is a complex of several Hindu temples connected to one another by walkways. Under the provision of a bilateral protocol on visits to religious shrines, Sikh and Hindu pilgrims from India visit Pakistan every year.Pakistani pilgrims also visit India every year under the protocol. ...Read More >
New Delhi: The Border Security Force (BSF) has completed the deployment of two fresh battalions, comprising more than 2,000 personnel, in the Jammu region to better plug infiltration from across the Pakistan front and check the recent spurt of terrorist activities in the area. Officials in the security establishment told PTI that the new troops of these units have been deployed "in depth areas" as the "second line of defence" just behind the BSF border deployment along the international border (IB) with Pakistan. These two BSF battalions were recently withdrawn from the anti-Naxal operations ...Read More >
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term ...Read More >
Ahmedabad, Dec 11 (PTI) The 6th Edition of 'Abhivyakti - The City Arts Project', Gujarat's longest art and culture showcase and an endeavour of UNM Foundation of Mehta Family's Torrent Group, concluded with an assemble of art admirers from different walks of life enjoying the art performances across genres. The 16-day Project, which had begun on November 21, received an unprecedented footfall of over 3.24 lakh art lovers of different age groups and from varied walks of life, a press statement issued by the organisers said. Apart from the lakhs of art lovers of the city, the project was also ...Read More >
During a discussion on road accidents in Lok Sabha, Mr Gadkari said, "I have no hesitation to admit that it (road accidents) has increased." Road accidents claim 1.78 lakh lives in the country, annually, said Union Minister Nitin Gadkari. "When I go to attend international conferences where there is a discussion on road accidents, I try to hide my face," Nitin Gadkari said on Thursday, underlining he had set a target to reduce accidents by 50 per cent when he first took charge as the Road Trans ...Read More >
Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >
New Delhi, Dec 18 (PTI) Net direct tax collection grew 16.45 per cent year-on-year to over Rs 15.82 lakh crore till December 17 this fiscal, buoyed by higher advance tax mop-up, government data showed. Advance tax collection during the period rose 21 per cent to Rs 7.56 lakh crore. The collection includes corporate tax of over Rs 7.42 lakh crore and non-corporate tax mop-up of Rs 7.97 lakh crore. Securities Transaction Tax (STT) of Rs 40,114 crore was collected between April 1-December 17 of current fiscal year. Refunds worth Rs 3.39 lakh crore were issued during the period, registering a ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >
Srinagar: The minimum temperature has plummeted and settled below freezing point across Kashmir with many of the stations including Srinagar, the summer capital of Jammu and Kashmir recording the season's coldest night. According to the news agency -- Kashmir News Observer (KNO), the night temperature in Srinagar settled at minus 2.1 degree Celsius. Shopian was the coldest in Kashmir as the mercury plummeted and settled at minus 5.5 degree Celsius. Pahalgam, a famous tourist destination, recorded minus 5.0 degree Celsius while Gulmarg, a famous ski-resort recorded a low of minus 2.5 degree ...Read More >
The gunfight continued between security forces and terrorists in the upper mountain belt of Harwan. In a major breakthrough, the security forces killed a wanted terrorist, who was responsible for terror attack in Ganderbal, during an ongoing encounter in the upper reaches of Dachigam in Jammu and Kashmir on Tuesday. The Kashmir Zone Police in a social media post announced the killing of the terrorist, identified as Junail Ahmed Bhat. The Police said that Bhat was an A category terrorist of Lashkar-e-Taiba terror outfit and was involved in the killing of civilians in Ganderbal, Gagangir and o ...Read More >
Bhubaneswar, Dec 3 (PTI) A delegation of the Opposition BJD on Tuesday met Union Minister for Jal Shakti C R Patil and apprised him of the potential submergence of large areas in Odisha's Malkangiri district, due to construction of a multi-purpose project in neighbouring Andhra Pradesh. The delegation, led by senior leader Debi Prasad Mishra, also submitted a memorandum with the Ministry of Jal Shakti. The regional party in its memorandum mentioned that the Polavaram project is likely to impact the lives and livelihoods of thousands of tribal people, especially those from vulnerable and prim ...Read More >
Thiruvananthapuram, Dec 10 (PTI) 'I'm Still Here' (Portugal), a 2024 political biographical drama film directed by Walter Salles will be the opening film of the 29th International Film Festival of Kerala (IFFK) beginning here on December 13. The movie, a Brazil-France co-production, deals with the story of a mother and activist searching for her missing husband, a dissident politician during the military dictatorship in Brazil. The festival will be officially inaugurated by Kerala Chief Minister Pinarayi Vijayan at a function to be held at the Nisagandhi auditorium on December 13 evening, St ...Read More >
New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >
Jammu, Jan 14 (VOICE) Defence Minister Rajnath Singh on Tuesday said that the BJP government at the Centre treats Delhi and Jammu and Kashmir equally.Addressing the ninth Armed Forces Veterans' Day programme at Tanda Artillery Brigade in Akhnoor, the Defence Minister praised Jammu and Kashmir Chief Minister Omar Abdullah for his effort to reduce the distance between the hearts of the people of Jammu and Kashmir and Delhi and asserted that the BJP government treats Delhi and Kashmir equally. "Kashmir was treated differently (by previous governments) in the past. As a result, our brothers and s ...Read More >
New Delhi, Nov 28 (PTI) Coworking firm Incuspaze, which provides managed flexible office spaces to corporates, is looking to raise USD 25 million (over ₹210 crore) to expand its business across major cities before planning to launch its Initial Public Offer (IPO). Established in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 40 lakh square feet. "We plan to add another 2 million (20 lakh) square feet in our portfolio by the end of December 2025," Incuspaze founder and CEO Sanjay Choudhary told PTI. In view of the growing demand for flexible workspa ...Read More >
Srinagar, Dec 4 (PTI) Jammu and Kashmir Police on Wednesday attached properties worth more than Rs 3 crore belonging to two alleged drug peddlers in Srinagar, officials said. "Reinforcing the ongoing efforts against drug peddlers/smugglers, police in Srinagar has attached properties worth more than Rs 3 crore belonging to two drug peddlers under Section 68 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act," a police spokesman said. Giving details, he said the police attached a three-storey residential building belonging to Abdul Ahad Bhat at Banpora Batamaloo worth Rs 65 lakh. Bh ...Read More >
New Delhi, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. She further said that claimants, beneficiaries or insured individuals will be able to access their claims through an ATM. According to the media report, the withdrawal will be capped at 50 per cent of the Employees' Provident Fund ( ...Read More >
Bhopal, Dec 18 (PTI) Congress MLAs demonstrated on Wednesday in the Madhya Pradesh assembly premises by holding kettles and tea cups alleging rising unemployment in the state. The MLAs held placards accusing the state government of forcing youngsters to sell tea by depriving them of jobs. Also Read | 'Mukadma, Mulzim, Ilzam, Ittila, Chashmdeed': BJP Government in Rajasthan To Replace Urdu Terms in Policing With Hindi Words. "Unemployment is growing in MP. Youths will have no option but to sell tea in such a situation," the leader of the opposition Umang Singhar, who led the protest on the t ...Read More >
Mumbai, Jan 10 (PTI) Shiv Sena (UBT) leader Sanjay Raut on Friday said it was the responsibility of the Congress to keep the INDIA bloc intact as it was the largest party in the opposition alliance. Raut's statement came in the backdrop of Jammu and Kashmir Chief Minister Omar Abdullah's remarks expressing dismay over the lack of clarity on INDIA bloc leadership and agenda, and saying the alliance should be wound up if it was meant only for the 2024 parliamentary elections. "If the alliance partners feel the INDIA bloc was only for the Lok Sabha polls and doesn't exist now, the Congress is t ...Read More >
Gurugram, Dec 3 (PTI) Gurugram Police nabbed two inter-state criminals after a brief encounter, they said. Police chased the accused when they were allegedly fleeing after stealing jewelleries from a house in the Palam Vihar area in their car on Monday night. During cross firing, both the accused were injured by bullet shots in their legs, and have been admitted to the hospital for treatment, they added. Also Read | Congress Delegation Flags 2 'Grave Inconsistencies' in Maharashtra Assembly Elections, Seeks Raw Data From EC. More than four dozen cases related to theft, robbery and illegal w ...Read More >
Bhubaneswar, Dec 3 (PTI) A delegation of the Opposition BJD on Tuesday met Union Minister for Jal Shakti C R Patil and apprised him of the potential submergence of large areas in Odisha's Malkangiri district, due to construction of a multi-purpose project in neighbouring Andhra Pradesh. The delegation, led by senior leader Debi Prasad Mishra, also submitted a memorandum with the Ministry of Jal Shakti. Also Read | Pune Shocker: Bike Rider Dragged for 2 Kilometres on Bonnet of Car in Pimpri Chinchwad; 3 Booked. The regional party in its memorandum mentioned that the Polavaram project is like ...Read More >
NIA raids 19 locations in Jaish-e-Mohammed conspiracy probe targeting youth radicalisation The National Investigation Agency conducted raids at 19 locations across Jammu and Kashmir, Uttar Pradesh, and another state to investigate a Jaish-e-Mohammed conspiracy aimed at radicalising youth and spreading terror in India The National Investigation Agency (NIA) carried out extensive searches on Thursday at 19 locations across three states and the Union Territory of Jammu and Kashmir as part of its o ...Read More >