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: Reliance Retail announced on Friday the acquisition of home appliances brand Kelvinator, marking a major step to strengthen its foothold in India's rapidly growing consumer durables market. Kelvinator, famed for pioneering home refrigeration and its iconic 1970s-80s tagline "The Coolest One," is expected to significantly enhance Reliance's product portfolio and brand value. The acquisition aims to make high-quality, globally benchmarked appliances more accessible to households across India. "This is a significant step in our mission to bring trusted global innovations to Indian consumers," said Isha Ambani, Executive Director of Reliance Retail Ventures Ltd. She further noted that the company's unmatched scale and wide retail network would help grow the brand further. Through this deal, Reliance Retail intends to deepen its presence in the premium home appliances segment, expand consumer choices, and accelerate growth in the consumer durables space, leveraging Kelvinator's strong legacy combined with Reliance's vast retail ecosystem.
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...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, 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 >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
Walmart-owned e-commerce major Flipkart is leaning heavily into social video and livestreaming to attract young shoppers who are glued to their smartphones. The move reflects a broader strategy of the company to seek long-term customer loyalty by making online shopping more immersive and interactive. Online shopping with live commerce Using videos to display and promote products has become one of the company's key new strategies, Neha Agrahari, a director at Flipkart told Bloomberg News. "Users ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consume ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): Reliance Industries Limited on Friday reported its April-June quarter gross Revenue increased by 6.0 per cent year on year to Rs 273,252 crore. Coming to Jio Platforms, a subsidiary, the revenue increased by 18.8 per cent due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Also Read | WCL 2025 Points Table Updated With Net Run Rate: Check Latest Team Standings and Leaderboard of World Championship of Legends Season Two. Reliance Retail Ventures reported its revenue ...Read More >
New Delhi: An Indian elephant taken on an epic journey to a tycoon's giant zoo is expected to return home after protests by the religious community she came from, officials said Wednesday, following a court battle over the animal's welfare at the temple. The story of the 36-year-old elephant called Madhuri reflects both the passion that some communities have for elephants in India -- and the mind-boggling scale of the self-declared "world's biggest wild animal rescue centre". The elephant spent her adult life at a Jain monastery in Kolhapur in Maharashtra state -- where campaigners from Peop ...Read More >
New Delhi: In a major development, Mukesh Ambani's Reliance Industries Limited and Mark Zuckerberg's Meta have received approval from the European Union for their partnership. According to the reports, the new venture will involve an investment of approximately Rs 855 crore, equivalent to 100 million US dollars. As per the agreement, Reliance will hold a 70 percent stake in the new entity, while Meta will hold 30 percent. It is important to note that the Reliance Boss announced this partnership last month at Reliance's Annual General Meeting. The main motive of this new company is to meet the ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore. She not only ...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 >
Hurun India Rich List 2025: Ambani, Adani, Roshni Nadar Lead Nation's Wealth Surge India's wealth creation engine continues to accelerate, with a record 358 dollar-billionaires and 1,687 individuals worth over ₹1,000 crore, according to the newly released M3M Hurun India Rich List 2025. The 14th edition of the list, compiled by Hurun India in partnership with M3M India, highlights that Mukesh Ambani, 68, chairman of Reliance Industries, has reclaimed his position as India's richest man, with family wealth pegged at ₹9.55 lakh crore ($105 billion). Close behind is Gautam Adani, 63, with ₹8.15 ...Read More >
Uber has launched India's first Shikara ride on Srinagar's Dal Lake, offering a unique and scenic experience. This new service allows passengers to enjoy the tranquil beauty of the lake while riding in a traditional Shikara boat. Booking is easy through the Uber app, with rides available daily from 10 AM to 6 PM. This initiative aims to boost tourism in the region while providing locals with a new way to experience the lake. With Uber's entry into the Shikara market, visitors can now enjoy a blend of modern convenience and traditional charm on Dal Lake. ...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, Jul 5 (PTI) Reliance Industries Ltd's investments in new energy and artificial intelligence (AI) infrastructure are set to drive a projected USD 50 billion increase in the firm's market value, according to Morgan Stanley analysts. The oil-to-telecom-and-retail conglomerate, helmed by billionaire Mukesh Ambani, is gearing up for its next phase of value creation. Also Read | Shillong Teer Results Today, July 05 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai. Currently valued at over USD 240 billion, ...Read More >
New Delhi: Dilip Piramal, Chairman of VIP Industries, said on Monday that his family's younger generation isn't interested in running the business. This came right after the company told stock exchanges that promoter group entities are planning to sell a 32 percent stake to a group of private equity investors and others. "We are a family-owned business, and the next generation is not very keen on running it," Piramal told NDTV Profit. "In all our 53 years of existence, VIP has been the market leader. But in the last five years, we have been losing market share. Last year, we reported losses ...Read More >
Guwahati: The Congress party has raised concerns about a "proposed agreement" between the Delhi Zoo and Vantara, an animal rescue and rehabilitation center operated by the Reliance Industries Chairman Mukesh Ambani's youngest son Anant Ambani. The party questioned whether this agreement could be a precursor to the privatization of the zoo. Ready for a challenge? Click here to take our quiz and show off your knowledge! As of now, neither the Ministry of Environment, Forests and Climate Change, which oversees the zoo, nor the Reliance group has made any official statement on the potential agr ...Read More >
New Delhi: One of the most richest men in the world Mukesh Ambani has recently donated a hopping whopping amount of Rs 151 crore to the prestigious Institute of Chemical Technology (ICT), making it the biggest donation in the history of the institute. Notably, the chairman of the country's most valuable company - Reliance Industries - studied at the institute. Earlier known as the University Department of Chemical Technology (UDCT), the ICT was established in the year 1933 by the University of Bombay. It was given the status of a deemed university in 2008 and subsequently renamed as ICT. Amba ...Read More >
Kolhapur witnessed a massive turnout on Sunday (August 3, 2025) as thousands of locals walked in a silent protest, urging authorities to the bring back 36-year-old elephant Mahadevi, also known as Madhuri, from NGO Vantara's wildlife rehabilitation facility in Jamnagar, Gujarat. Elephant relocated to Gujarat facility run by Vantara from Kolhapur; devotees bid emotional adieu Vantara is the brainchild of Anant Ambani, son of industrialist Mukesh Ambani, and is supported by Reliance Industries Limited and Reliance Foundation The march, led by former Swabhimani Kisan Sangathan president and fo ...Read More >
New Delhi, August 29: Financial services major Paytm on Friday clarified that Google Play's recent notification on unified payments interface (UPI) handle changes was incomplete and may have created confusion. The company emphasised that there is no disruption to UPI payments on Paytm and both consumer and merchant transactions remain seamless. The update is relevant only for recurring payments such as subscription billing. "This means that if a user was paying for YouTube Premium or Google One storage or to any recurring platform through Paytm UPI, they will simply need to change their old @ ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Malhotra, 44, and her family secured the third spot with a wealth of Rs. 2.84 lakh crore. She not only ...Read More >
New Delhi [India], November 26: Elitas Appliances, a brand synonymous with quality and innovation in home appliances, has officially launched its product line in India. Known for combining cutting-edge technology with elegant design, Elitas seeks to establish itself as a key player in the consumer durables sector, providing Indian households with superior, eco-friendly products. Also Read | From Nana Patekar's 'The Attacks of 26/11' to Dev Patel's 'Hotel Mumbai', 5 Movies and Shows That Explored the Horrific 2008 Mumbai Attacks and Where To Watch Them Online. Elitas's range of home appliance ...Read More >
Mumbai: Jio Platforms Ltd (JPL), which houses Reliance Industries' telecom and digital businesses, posted a nearly 25% year-on-year rise in fiscal first quarter net profit, boosted by continued addition of data users. JPL's consolidated net profit stood at ₹7,110 in the June quarter from ₹5,698 crore a year earlier, and ₹7,022 crore crore in the previous three months, the Mukesh Ambani-owned company said in a statement Friday. "I am happy to share that Jio has scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections. Jio AirFiber i ...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 >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combined with supply competition from new refiners, such as Dangote in Nigeria, and rising exports from Chi ...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 >