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.
Pune: Sporadic instances of arguments and fleecing in several parts of the city marred the strike called by aggregator app-based cab and auto drivers from Friday onwards.In particular, arriving flyers at the airport were majorly inconvenienced by the lack of options to travel to city areas.A woman on her way to a doctor near Amanora Mall said she was mistreated by a group of autorickshaw drivers on strike. "I hailed an auto on the road and was on my way to the doctor when a group of other autowallahs stopped the driver. They snatched away his cellphone and tried to pull me out of the vehicle forcibly, stating that a strike was on. They paid no heed even when I said I had a doctor's appointment. When I screamed, they backed off a bit. The auto driver took the opportunity to drive off. How can they indulge in violence like this?" she told TOI, choosing anonymity.The indefinite strike has been called by the Indian Gig Workers Front in Pune, Mumbai and Nagpur. They demand that the fare-by-meter system in cabs be acknowledged as legal by state govt and the decision to operate e-bike taxis also be repealed.The strike led to major inconvenience for scores of commuters in Pune. For instance, in the morning hours, a ride from NIBM Road to Pune airport (around 15km) by auto showed a fare of Rs430 against the normal Rs240 on the Uber app. If one booked an Uber XL, the fare reflected a whopping Rs1,461, and a ride via an Uber Sedan showed a fare of Rs777. A ride via UberGo showed a fare of Rs739, and if one wanted to ride in the Uber Premier category, the fare showed Rs1,096. Elsewhere in the city as well, auto prices almost doubled -- a short ride from Karve Road to FC Road cost at least Rs70-80 by auto, versus the usual average of Rs40-50 on aggregator apps. By meter, the same cost comes to around Rs30.Arriving flyers at the airport in the early hours of Friday were especially hassled. Vivek Purekar, who had to go to Kothrud from the airport, said, "I booked an Uber cab, for which the fare is locked advance. Upon reaching the AeroMall from the arrival area, I was told that cab drivers were on strike and I had to take another mode of transportation. Many other flyers besides me were clueless about this. I then wasted around 30 minutes trying to cancel the pre-paid ride and had to take pre-paid autorickshaw to my destination."Ajinkya Bhavane, who came from Delhi and wanted to go to Kalyaninagar, was in for a shock too. "The cab pickup area at the AeroMall was practically empty, and even after repeated attempts over 30 minutes, I couldn't get any cabs. I came outside with my luggage and found an auto driver who asked me to pay Rs500 for the short distance, saying that there was a strike going on. I was in a hurry to reach home and had no choice," he rued.Ankit Rai, a Pune resident, wrote on X, "There are no cabs available to commute to work. The aggregator applications are showing triple times surge, and striking drivers are stopping cabs and assaulting the non-striking drivers and also passengers, resulting in passengers being left stranded by the roadsides."Sonu Pandey, who was at the airport late on Thursday evening, also shared his plight on X and posted: "Last night, I witnessed five or six individuals acting like thugs, threatening and physically assaulting cab drivers, forcing them to cancel rides. Meanwhile, regular cabs were charging exorbitant fares -- upwards of Rs2,000 for a mere 10km ride. This is a complete disaster."Keshav Kshirsagar, president of the Indian Gig Workers Front, accepted that incidents of violence occurred. "We have been appealing to striking drivers not to indulge in any violence and will continue to do so. On Friday, we also met some officials of the transport department who said they could arrange a meeting with all stakeholders by Tuesday. So, at present, the strike will be on until Tuesday at least until our demands are met," he told TOI.Earlier this year, the Indian Gig Workers Front announced that from May 1, cabs of Ola, Uber and Rapido should charge fares as per state govt-approved rates rather than fares reflecting on apps.App companies had said that for autos, they had already switched to a SaaS (software as a service) model, wherein commuters could book autos via the apps but then fares would be decided by mutual understanding between drivers and commuters.On May 1, the Gig Workers Front launched the website 'onlymeter.in' on which govt approved fares would reflect when details were entered.At present, many auto and cab drivers have been demanding fares as per the website, but this has created arguments between drivers and customers. State govt has not yet said whether the website is legal.Pune RTO officials had told TOI that once the state aggregator policy comes into effect, this confusion will be cleared. "We should have tightened the noose on aggregator-based vehicles moving without licence but we didn't so that customers don't feel the pinch. Now, we are waiting for the policy. Once it comes into play, apps will have to adhere to norms and apply for a licence," Pune deputy RTO Swapnil Bhosle had earlier told TOI.The Gig Workers Front has stated that since app-based services are operating without licences, the fare-by-meter system must be legally recognised by state govt.
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...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 >
Hyderabad: As the sensational murder of a 32-year-old private land surveyor G Tejeswar in Gadwal district rocked the State, his parents broke down before the police for losing one of their twin sons within one month of their marriage. The marriage of Tejeswar, a resident of Gadwal, was performed with Aishwarya, hailing from Kurnool, on May 18, 2025. However, he was murdered on June 17. As information related to the arrest of Aishwarya, her mother Sujatha, paramour V Tirumala Rao and other supari gang members on Thursday informed them, his parents - Jayaramudu and Shakunthala wept inconsolabl ...Read More >
Kolkata: A law student of a south Kolkata college was allegedly gang-raped at the campus security guards' room on Wednesday evening after being offered a key union post.Cops arrested three persons -- college alumnus and ad-hoc staff Manojit Mishra and current students Pramit Mukherjee and Zaib Ahmed -- after a medical test on the survivor corroborated her complaint. Mishra was thrown out of the college's Trinamool unit in 2021 and graduated in 2022, after which he started practising law. He, however, returned to the college recently as an ad-hoc non-teaching staff member. First-year student Mu ...Read More >
Madhya Pradesh Director General of Police (DGP) Kailash Makwana said on Sunday (June 29, 2025) that the police force alone cannot curb rape incidents while claiming that various other factors, like pornography, internet and alcohol, are causing a decline in morality in society, leading to an increase in cases of sexual assault. Mr. Makwana made the remarks after holding a review meeting for Simhastha Kumbh Mela, slated to be held in 2028, with top officers in Ujjain. He went on to claim that earlier children used to listen to parents and teachers, and "vulgarity is now being served on the int ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...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 >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
New Delhi: A new change is going to happen regarding voting before the Bihar assembly elections. Bihar is going to become the first state in the country where voting can be done through phone. Bihar State Election Commissioner Deepak Prasad gave this information on Friday, June 27. His comment came before the voting to be held on Saturday for six municipal councils of Patna, Rohtas and East Champaran. However, it is not clear at the moment whether voting will be done through phone in the upcoming assembly elections or not. Giving more information about this, Bihar Election Commissioner Deepak ...Read More >
Mumbai, December 3: Three people including the car driver have been arrested for allegedly dragging a biker rider on the bonnet of the car for 2 kilometres in Maharashtra's Pune, a police officer said on Tuesday. The incident unfolded on December 1 in Pune's Pimpri Chinchwad following an altercation with the car driver, the official said. Pune Police Inspector Ashok Shirke said that car driver along with his two friends have been arrested and booked under section 103 of Bharatiya Nyaya Sanhita. Pune Shocker: Audi Driver Drags Bike Rider on Car Bonnet for 2 Kms After Altercation in Pimpri Chinc ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Gangtok, June 6 (SocialNews.XYZ) At least 80 tourists stranded in the northern part of Sikkim due to inclement weather and landslides have been safely evacuated, an official said on Friday. A total of four helicopter sorties were conducted from Pakyong Greenfield Airport to Chaten using MI-02, MI-49, and MI-39 helicopters, resulting in the evacuation of 80 individuals. Among those evacuated, 63 persons were tourists, while 17 were locals. To ensure their further travel to Gangtok, the state government arranged state transport buses at the airport for the convenience of the evacuees. In orde ...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 >
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". "Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable, and convenient commute option for women who prefer to ride with female driver ...Read More >
New Delhi/Ghaziabad, June 6 (SocialNews.XYZ) Delhi Chief Minister Rekha Gupta's security was beefed up on Friday after a caller issued a death threat by dialling up the police control room in the neighbouring city of Ghaziabad, an official said. The caller, who made the death threat to Delhi Chief Minister, turned off his mobile phone immediately after communicating the message to the PCR at 11 p.m. on Thursday, said Ghaziabad's Deputy Commissioner of Police (City). The inter-state coordination cell of Ghaziabad Police informed the Delhi Police about the death threat call made in connection ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump and Musk's most "hot" alliance, the breakup is also the most "hot" and spectacular: on Thursday, the two were almost completely torn apart in a live broadcast similar to a reality show. Musk called him "ungrateful" and Trump described him as "crazy". As soon as the news came out, it immediately caused a sharp drop in the stock and crypto markets. ETHRANSACTION reminds cryptocurrency holders to convert their cryptocurrencies into investment plans as soon as possible (to av ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
New Delhi, Jun 28 (PTI) Eighteen Bangladeshi nationals staying illegally in Delhi have been apprehended. Five of those detained had been living in the national capital disguised as transgenders, police said on Saturday. The police found a banned messaging app installed in seven mobile phones of the accused, using which they communicated with their families in Bangladesh, they said. During the first operation, police cordoned off nearly 100 jhuggis and 150 lanes in the locality and conducted verification drives, a senior police officer said. One person, initially evasive during questioning, ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
Imphal, June 29 (UNI) A series of successful operations carried out by Manipur Police and security forces during the last 24 hours led to the arrest of several individuals involved in vehicle theft, insurgent activity, and the recovery of a significant cache of arms and ammunition. Police arrested a vehicle lifter identified as Syed Riyaj from his residence at Lilong Chaobok in Thoubal District. The arrest was made under Lilong Police Station. Authorities seized a blue two wheeler without registration number, along with a key and an Aadhaar card believed to be linked to the suspect. In a s ...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 >
Bhopal: The tragic end of an Indore couple's honeymoon in the scenic terrains of Shillong in Meghalaya still shrouded in mystery. Body of the husband, Raja Raghuvamsi (29), was recovered in a gorge near the Wei Sawdong falls in Shillong four days ago, but his widow Sonam seemed to have vanished into thin air with the rescue teams finding no trace of her even a fortnight after her disappearance. Her brother Govind Raghuvamsi who has been camping at the site for the past two weeks suspected that she might have been abducted by the assailants who had allegedly killed her husband. "The rescue t ...Read More >
GUWAHATI: The brother of Sonam Raghuvanshi, the Indore woman who has been missing from Meghalaya's Sohra (Cherrapunjee) area since May 23, suspects she was abducted by local miscreants. The decomposed body of Sonam's husband, Raja Raghuvanshi, was recovered from a gorge on June 2. The police said he was murdered. Govind Raghuvanshi, the missing woman's brother, said there was every reason to believe she was abducted by locals. He expressed disappointment with the search operation, which he said gave the impression that the police were looking for her body. "Sonam's belongings, including two ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Imphal: The Manipur government has ordered the suspension of internet and mobile data services, including VSAT and VPN, in the territorial jurisdiction of five valley districts for five days with effect from 11.45 pm on Saturday, an official statement said. The districts include Imphal West, Imphal East, Thoubal, Bishnupur and Kakching. The order followed widespread protests in Imphal East and Imphal West districts on Saturday night after the arrest of a leader of the Meitei outfit Arambai Tenggol. The protesters torched tyres and old furniture in the middle of the road in Kwakeithel and Urip ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
New Delhi [India], June 28 (ANI): A multi-agency mega mock exercise was conducted at Rajiv Chowk Metro Station in Delhi during the intervening night of June 27 and 28, from 01:05 AM to 04:25 AM, to assess the preparedness and coordinated response of various agencies in the event of a major contingency. The drill imitated multiple high-risk scenarios, including a Chemical, Biological, Radiological and Nuclear (CBRN) attack, a terrorist strike, a hostage situation, and an IED blast. The primary objective of the drill was to evaluate the real-time coordination, crisis response, and operational r ...Read More >
A major portion of George Road in Thoothukudi has become a nightmare for drivers due to the presence of large potholes. This key stretch which has not undergone any restoration for several years has become a significant source of hardship for daily commuters. The road, which comes under the State Highways department, serves as one of the major connections between the Bypass and Beach Road. Bala, an autorickshaw driver, who has been driving on this stretch for over 15 years says, "The road has been in this poor condition for years as it is not frequently used by higher authorities." He added ...Read More >