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.
Adds 1 million people being trained in AI under India AI Mission Union Electronics and Information Technology Minister Ashwini Vaishnaw on Friday said that the country's first indigenous semiconductor chip would be rolled out this year. Speaking at the 85th foundation day celebrations of Keshav Memorial Educational Society in Hyderabad, he said India was going to become one of the most important semiconductor nations in the world. Today, some of the most complex chips are designed in cities, i
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...Read More >
New Delhi [India], January 13 (ANI): Union Minister Ashwini Vaishnaw criticised Meta CEO Mark Zuckerberg and called him "factually incorrect" over his remark that most incumbent governments, including India in 2024 elections, lost post-COVID. He added that the people of India have reaffirmed their trust in the NDA led by Prime Minister Narendra Modi. "As the world's largest democracy, India conducted the 2024 elections with over 640 million voters. People of India reaffirmed their trust in the ND led by PM @narendramodi Ji's leadership. Mr. Zuckerberg's claim that most incumbent governments, ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
New Delhi [India], January 31 (ANI): Official Spokesperson of the Ministry of External Affairs Randhir Jaiswal said on Friday that French President Emmanuel Macron has invited Prime Minister Narendra Modi to attend the Artificial Intelligence (AI) Action Summit, and India has accepted the invite. While speaking at a press briefing, Jaiswal said that India is also developing its own AI program. "French President has invited Prime Minister Narendra Modi for Artificial Intelligence Action Summit and we have accepted their invite. We will update you about further details," he said. On February ...Read More >
Punjab News: Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. Union Railway Minister Ashwini Vaishnaw announced on Monday that the Indian Railways has allocated ₹5421 crore to enhance railway infrastructure in Punjab. The announcement, made via video conferencing, highlighted that this year's funding is 24 times higher compared to the period between 2009-2014. The minister revealed that 30 Amrit Stations are being developed in Punjab at a cost of ₹1122 crore, while 34 Amrit Stations are ...Read More >
Jabalpur (Madhya Pradesh) [India], February 10 (ANI): The West Central Railway has made special arrangements for passengers travelling to MahaKumbh in Prayagraj, with around 40 special trains operating from Jabalpur on February 9 and 10, officials said. To manage the rush, unreserved trains are also running, and additional ticketing counters, food and water facilities, RPF deployment, and help desks have been set up at stations, said West Central Railway's Chief PRO Harshit Srivastava. Also Read | Ranveer Allahbadia Parental Sex Question: Case Filed Against YouTuber-Podcaster BeerBiceps, Sam ...Read More >
New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for 14 Kharif Crops for Marketing Season 2025-26. It has raised the MSP for paddy by 3 per cent to Rs 2,369 per quintal for the season. The support price for common and A grade varieties has been increased by Rs 69 per quintal to Rs 2,369 and Rs 2,389 per quintal, respectively, for the forthcoming kharif season of 2025-26 crop year (July-June). Among pulses, support price for tur has been raised by Rs 450 to Rs 8,000 per quintal, while t ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
Jammu: Jammu and Kashmir Lt Governor, Manoj Sinha, Chief Minister Omar Abdullah and Union ministers Ashwini Vaishnaw and Jitendra Singh reached Katra in Reasi district on Thursday to review arrangements a day ahead of Prime Minister Narendra Modi's visit, officials said. On Friday, the prime minister is scheduled to inaugurate the Chenab bridge and the Anji bridge, India's first cable-stayed bridge, the symbol of the country's engineering excellence, before flagging off Vande Bharat trains to mark the completion of the 272-km Udhampur-Srinagar-Baramulla Railway Link (USBRL) that will provide ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
The books for class 9-12 will be available from 2026-27. New Delhi: The National Council of Educational Research and Training (NCERT) has reduced the prices of books for classes 9 to 12 by 20 per cent. The decision was announced by NCERT Director Dinesh Prasad Saklani during an event held in the national capital on Monday. The reduction in the prices of books will be effective from the upcoming academic year. News agency PTI quoted the minister as saying that while the textbooks for classes 9- ...Read More >
As part of the World Economic Forum (WEF) summit in Davos, Telangana Chief Minister A. Revanth Reddy inaugurated the 'Grand Indian Pavilion' alongside Union Ministers Chirag Paswan and Jayant Sinha, as well as Kerala Minister P. Rajeev. Several senior officials and prominent figures from various states were also present at the event. During the inauguration, Telangana IT Minister Duddilla Sridhar Babu extended an invitation to global investors, encouraging them to invest in Telangana. He highlighted the state's focus on key sectors such as Information Technology, Biotechnology, Agro-Processin ...Read More >
Thiruvananthapuram: In his budget for 2025-26, Finance Minister K N Balagopal emphasised on technology, research, jobs, and education, positioning the state as a knowledge powerhouse. Here are key allocations and initiatives that could fuel the state's knowledge economy vision. Technology & AI * Rs 10 crore for establishing a world-class GPU cluster in Thiruvananthapuram to develop AI and AVGC (Animation, Visual Effects, Gaming, and Comics) industries. Unlike a CPU (Central Processing Unit), optimised for sequential tasks, a GPU (Graphics Processing Unit) excels at parallel processing, maki ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Aadhaar number holders executed over 211 crore authentication transactions in May this year taking the cumulative number of such transactions to more than 15,223 crore since inception, according to a statement issued by the Ministry of Electronics & IT on Thursday. The May authentication transactions are more than the previous month, as well as of May 2024 when 201.76 Cr such transactions were carried out. The growing number shows, how Aadhaar-based authentication has been playing a facilitating role in effective welfare delivery, and voluntarily availing v ...Read More >
- Renewed homepage of Samyang's industrial water treatment solution brand, 'TRILITE' ... Featuring AI chatbot 'TRIGENT' and Design programs 'TriAngle' - Providing tailored and technical information to the user's queries ... Service available in over 100 languages. - Innovative Water Treatment Design Softwares... Ion Exchange Resin and RO membrane SEOUL, South Korea, Nov. 26, 2024 /PRNewswire/ -- Samyang Corporation (CEO Kang Ho-sung) introduced its new website for its water treatment solutions brand, 'TRILITE' (http://www.samyangtrilite.com), along with the launch of an innovative Artificia ...Read More >
Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >
China and Hong Kong stock markets are experiencing a downturn due to rising concerns over the U.S.-China trade war, particularly regarding proposed tariffs and chip sales restrictions. The CSI300 and Shanghai Composite indexes fell, while Hong Kong's Hang Seng Index dropped 1.32%. Investors are wary of potential new restrictions on semiconductor and AI chip exports to China, further exacerbating market uncertainty. The automotive sector, led by BYD, also suffered from intense price competition among Chinese carmakers. Investor sentiment remains cautious, reflecting fears of escalating trade te ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
News 2 min read Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025 The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report. New Delhi, The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, acco ...Read More >
New Delhi [India], February 5 (ANI): Bharatiya Janata Party leader Amit Malviya on Wednesday slammed Leader of Opposition Rahul Gandhi over his 'Make in India' criticism and blamed Congress for 'doing nothing' to prepare India's economy for future even after a decade in power during the United Progressive Alliance (UPA) government from 2004-2014. Malviya said said that the Congress-led UPA continued the "legacy of policy paralysis, rampant cronyism, and complete neglect of industrial growth." "It is good that Rahul Gandhi has finally acknowledged a fact the entire nation already knew--that e ...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 >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...Read More >
New Delhi [India], February 10 (ANI): Northern Railways is making extensive preparations for the upcoming Snan on February 12, ensuring smooth travel for MahaKumbh devotees. CPRO Northern Railway Himanshu Shekhar Upadhyay said over 300 trains operated on February 9, with continuous monitoring through CCTV cameras and a control centre at Prayagraj stations. He urged passengers to ignore rumours about train cancellations. Also Read | Ranveer Allahbadia Parental Sex Question: Case Filed Against YouTuber-Podcaster BeerBiceps, Samay Raina, Ashish Chanchlani, Jaspreet Singh and Apoorva Makhija for ...Read More >
New Delhi: Cybersecurity readiness remains alarmingly low in Indian companies, with only 7 per cent of firms in India expected to achieve a mature level of readiness by 2025, according to a recent report by global technology firm Cisco. This marks an increase from last year's (2024) Index, in which only 4 per cent of Indian organisations were designated as mature, the Cisco 2025 Cybersecurity Readiness Index noted. This demonstrates that despite an improvement from last year, cybersecurity preparedness remains low, especially as hyper-connectivity and AI introduce new complexities for securit ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Union Minister Ashwini Vaishnaw on Thursday described the Chenab Bridge built on the Jammu and Srinagar railway line as an engineering marvel, saying that it has been designed to tackle winds up to 260 kilometres per hour and falls in Seismic Zone 5. Talking to reporters about the unique features of the bridge, the Union Minister said its design is very complicated and its foundation is equal to half a football field. About 30,000 tonnes of steel have been used to build this bridge, which is now touted as the world's highest railway arch bridge. Prime Mini ...Read More >
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. The Roadshow will feature B2G meetings, offering a unique opportunity for potential investors to inte ...Read More >
Chennai, June 2 (SocialNews.XYZ) Union Minister of State for Information & Broadcasting and Parliamentary Affairs L. Murugan launched a scathing attack on the DMK following its general council meeting in Madurai, accusing the party of engaging in dynastic theatrics and diversionary tactics to mask its failures. Calling the meeting a "coronation event", Murugan alleged that the DMK had convened it primarily to reaffirm that Chief Minister M.K. Stalin's son would inherit party leadership. The DMK held its general council meeting on Sunday, where it adopted 27 resolutions. "It was a political ...Read More >
New Delhi, Jun 5 (PTI) India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission. In an interview to PTI, Kwon said that India - which has the second largest number of ChatGPT users - is among the most important countries for OpenAI in terms of engagement. India has always had the "ingredients to succeed", he noted. OpenAI, he pointed out, is eyeing partnerships that will help build the future of AI infra ...Read More >