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 [India], July 18 (ANI): In a series of posts the founder of embattled ed tech firm BYJU, Byju Raveendran, has claimed that the counsel for GLAS trust has made unsubstantiated allegations against him during proceeding in a US Court in Delaware. Glas Trust is the trustee representing lenders. https://x.com/ByjuofBYJUS/status/1946086847869784214 In a post on X Byju Raveendran alleged, Shocking revelations from Delaware court transcripts! GLAS counsel Ravi Shankar is at it again, lying to sway orders. He is peddling reports that Im negotiating with high-ranking Indian officials for substantial payments - pure fiction, no evidence presented. This in a Court case where I am not even a party to defend myself! Highlight from the transcript: Shankar claims these reports suggest private/unofficial deals to resolve FEMA disputes. NO PROOF, JUST SMEARS! These FEMA probes were against TLPL- controlled now illegally by GLAS represented by Ravi Shankar as 99 of the COC! Why will I, the second post read. The evidence? None. Just that Ravi Shankar and GLAS have received reports. From where? Their own corrupted inner voice? This is their playbook: -Make a wild claim in Delaware to trigger panic & sway orders in Delaware court. -Shout 533m & 1.2b multiple times, without, the third post claimed. Further Byju Raveendran claims that the counsel has been leaking information to damage his reputation This isnt isolated. Shankar has always misled with slide decks--omitting key details on signatures, jurisdiction, and service dates to paint a false picture. It a pattern of courtroom theatrics: Lie and omit in US court, leak to Indian media, damage reputations while All my substantial payments were made to TLPL. Today, Ive nothing except my shares in TLPL! And, for the nth time, no monies are missing and we do not have any of these monies! The future of thousands of employees & millions of students has been sabotaged by GLAS..., his posts read. Byju Raveendran further claimed that he is preparing a USD 2.5 Billion lawsuit against the investor. Im done with their smear campaign & misleading of the Courts. Now, Ill use every tool available to oblige them to fix the damage they caused and ensure they make substantial payments, which will go towards rebuilding our company. We are preparing a $2.5b lawsuit against.... This isnt just about me. It about justice for the thousands who have stood by us through manipulation, misinformation & legal bullying. We will fight back--with the truth, with evidence, and in every forum that matters, he claimed in his post. Earlier, BYJUS founders said they were considering seeking legal action against parties that they allege are trying to cause damage to their business. The conduct before the Courts by Alpha, Glas Trust and its counsel has been reprehensible and improper in our view. We reserve the right to use all legal means to obtain justice for BYJU Founders. Claims have already been raised in India against Glas Trust, the former subsidiary of Think & Learn, that Glas Trust now claims to control and other parties, stated J Michael McNutt, Senior Litigation Advisor, Lazareff Le Bars Eurl on behalf of BYJU founders Additional Claims are being prepared against those parties in other jurisdictions. Such claims to be issued by all or some of BYJU Founders are expected to request monetary damages of not less than $2.5 billion, the Litigation Advisor added. BYJU further claimed that there is no Court Order in any jurisdiction, including in India or the United States, ordering the payment by Byju Raveendran or Divya Gokulnath of any amount to Think & Learn, or any entity related to Think & Learn. (ANI) Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is solely responsible for its content.
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday reserved the order on an application moved by Baramulla MP Engineer Rashid seeking custody parole to attend ongoing parliament session amidst jurisdictional row. However, the National Investigation Agency (NIA), while opposing the custody parole, stated that Rashid Engineer does not need to respond to any questions. They emphasized that this request is generic and pointed out that Engineer has no speech to deliver. Senior Advocate Sidharth Luthra appeared for NIA also argued that taking an oath and campaigning are separate m ...Read More >
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...Read More >
BusinessWire India Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended that two-wheeler owners get one, and we have covered the reasons for this in this guide. How are Comp ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, Jun 27 (PTI) Union Labour Minister Mansukh Mandaviya on Friday announced renewal of a scheme to promote registration of employers and employees to expand Employees' State Insurance (ESI) coverage across India. Originally introduced in 2016, SPREE (Scheme to Promote Registration of Employers/Employees) has facilitated the registration of over 88,000 employers and 1.02 crore employees. The renewed SPREE will be open from July 1 to December 31, 2025, offering a one-time opportunity for unregistered employers and left-out workers, including contractual and temporary staff, to enrol un ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts believe that any decision on the policy rate could significantly influence the market sentiment, especia ...Read More >
AP EAMCET Result 2025: APSCHE has declared the results for AP EAPCET today, June 8, 2025. AP EAMCET Result 2025: The Andhra Pradesh State Council of Higher Education (APSCHE) has declared the results for Andhra Pradesh Engineering, Agriculture, and Pharmacy Common Entrance Test (AP EAPCET) 2025 today, June 8, 2025. Candidates who appeared for the examination can login and check their results on the official website, cets.apsche.ap.gov.in. AP EAMCET is now called as AP EAPCET. AP EAMCET Result 2025: How To Download Your Result? Visit the official website, cets.apsche.ap.gov.in.Click on "AP E ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
New Delhi [India], February 3 (ANI): The Supreme Court on Monday sought the Central Forensic Science Laboratory (CFSL) report on the examination of certain leaked audio tapes which allegedly implicate Manipur Chief Minister N Biren Singh for instigating ethnic violence in the state. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar said the CFSL report should be submitted in six weeks in a sealed cover. Also Read | Bengaluru Water Crisis: Residents Brace for Harsh Summer As Groundwater Levels Drop Dangerously Low. The bench then posted the hearing in the week commenci ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Imphal (Manipur) [India], June 8 (ANI): The Manipur government has ordered the suspension internet and mobile data services including VSAT and VPN services in five districts for five days with effect from 11:45 P.M. of June 7. The five districts are Imphal West, Imphal East, Thoubal, Kakching & Bishnupur. "In view of the prevailing law and order situation in the State of Manipur especially in Imphal West, Imphal East, Thoubal, Kakching & Bishnupur districts districts of Manipur, there is apprehension that some anti-social elements might use social media extensively for transmission serious of ...Read More >
Imphal (Manipur) [India], June 8 (ANI): The district magistrates of Imphal West, Imphal East, Thoubal, Kakching, and Bishnupur districts have issued prohibitory orders on Sunday. Citizens have been requested to cooperate with the orders, which include restrictions on gatherings. The assembly of four or more persons has been restricted in Imphal West, Imphal East, Thoubal, and Kakching districts. The orders have been issued in view of prevailing law and order situation. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul Olakkengil From Kerala Dies During Scuba Diving Session at ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs (MEA) on Thursday said that it is keeping a constant watch on developments in India's neighbourhood, especially in light of the recent trilateral meeting involving China, Pakistan, and Bangladesh. Speaking at a press briefing, MEA Spokesperson Randhir Jaiswal said, 'We maintain a constant watch on the developments in our neighbourhood that have a bearing on our interests and our security, our relations with individual countries, while they stand on their own footing, take into account the evolving context as well.' The meetin ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
New Delhi [India], June 30 (ANI): India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 per cent of the increase. Currency and deposits, along with direct investments, also contributed sig ...Read More >
Mumbai (Maharashtra) [India], December 10 (ANI): The stock market ended Tuesday's trading session on a subdued note, with the benchmark indices showing little movement. The Sensex edged up by 1.59 points, closing at 81,510.05, while the Nifty declined by 8.95 points to end at 24,610.05. Also Read | Parliament Winter Session 2024: Congress, INDIA Bloc Allies Move No-Trust Motion Against Rajya Sabha Chairman Jagdeep Dhankhar; Alleges 'Proceedings in Upper House Conducted in Partisan Manner'. In the Nifty pack, 23 stocks advanced, while 27 ended in the red. Among the top gainers were Shriram F ...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 [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
KULLU: Educational institutions in the Sub Divisions of Manali and Banjar in Kullu, Himachal Pradesh, will remain closed on Monday following a rain alert issued by the Indian Meteorological Department (IMD), Shimla. The Sub-Divisional Magistrate of Manali directed all government and private educational institutions, schools, ITIs, vocational training centres, and Anganwadis to remain closed on Monday. "Indian Meteorological Department (IMD) Shimla has issued a rain alert on the 30th of June 2025 for heavy to very heavy rainfall. Under such circumstances, the movement of school staff, student ...Read More >
Mumbai (Maharashtra) [India], June 7 (ANI): Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory. According to data released by NSDL, FPIs pulled out a total of Rs 8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market during most of the week. The withdrawal came amid global uncertainties and cautious investor sentiment. However, a sharp turnaround was seen on Friday after the Reserve Bank of India's ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
On November 16, Nayanthara lashed out at Dhanush for sending her a legal notice and demanding Rs 10 crore. Actor Dhanush has filed a civil lawsuit against Nayanthara, accusing her of using footage from his production Naanum Rowdy Dhaan in her Netflix documentary without his consent. According to The Hindu, the lawsuit was filed in the Madras High Court and names both Nayanthara and her husband, filmmaker Vignesh Sivan, as defendants. Wunderbar Films has filed an application with the Madras High Court requesting permission, under Clause 12 of the Letters Patent, to include Los Gatos Productio ...Read More >