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.
Agartala (Tripura) [India], July 20 (ANI): In a major push towards infrastructure development, Tripura Chief Minister Manik Saha announced that seven new bypass roads have been proposed across the state to ease traffic and enhance connectivity. CM Saha reiterated the government commitment on Saturday to linking all district and subdivision headquarters, as well as unconnected habitations, to national highways via double-lane roads. CM Saha made these remarks while addressing the National Seminar on Infrastructure Development in the North-East Region of India, held at Pragna Bhavan, Agartala. He highlighted the government long-term infrastructure vision, asserting that robust infrastructure is the backbone of economic growth and regional empowerment. Without infrastructure, nothing can be achieved. Roads, highways, airports, water supply, and urban infrastructure play a key role in industrial growth, service expansion, and social welfare, the Chief Minister said. He emphasised that the state has undertaken numerous transformative initiatives in the past seven years that have significantly improved its socio-economic landscape. Saha revealed that a 449 km ring road has been proposed for Agartala under the Bharatmala scheme. The alignment includes the Agartala Bypass from Khayerpur to Amtali, an Eastern Bypass from Lembuchara to Khayerpur, and a Western Bypass connecting Lembuchara to Amtali. Flyover construction is also on the cards, with the Radhanagar to IGM Hospital flyover to be undertaken in the first phase. The seven new bypass roads are proposed at Kumargarh, Dhanpur, Manu, Ambassa, Teliamura, Ranirbazar, and Jirania, all key towns where national highways currently run through congested areas. In the previous budget, over Rs7,000 crore was allocated specifically for infrastructure development, he added. Tripura CM provided detailed statistics on Tripura existing road infrastructure, stating that the total Public Works Department (PWD) road length in the state is 10,618.423 kilometres. This includes 1,057 kilometres of state highways, 171 kilometres of major district roads, 483 kilometres of other district roads, 1,167 kilometres of urban roads, and 7,740 kilometres of village roads. The national highway network in the state spans 923 kilometres, out of which 509 kilometres have already been upgraded to double-lane roads with paved shoulders. Additionally, four more national highways covering a total distance of 229 kilometres have been declared in principle. Plans are in place to upgrade the entire 1,057 km of state highways to double-lane roads, he added. Highlighting Tripura strategic importance, CM Saha said, The northeastern region is India powerhouse with massive hydropower, petroleum, and gas potential. Tripura, sharing borders with Bangladesh, can serve as a vital gateway to Southeast Asia. He also mentioned the nearing completion of the Light House Project, and construction of the Unity Mall and several high-rise departmental buildings, aimed at modernising Tripura urban landscape. The event was attended by several dignitaries, including Engineer Chinmay Debnath, Engineer O.P. Goel, Indian Building Congress President Engineer Rajiv Dabbrama, PWD Chief Engineer Engineer Shyamlal Bhowmik, and other senior officials and stakeholders in the infrastructure sector. (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.
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Pune (Maharashtra) [India], November 19 (ANI): With the Maharashtra elections approaching, wrestler and Congress MLA from Haryana's Julana, Vinesh Phogat, held a roadshow in Pune to support Congress candidate Datta Bahirat from the Shivajinagar Assembly constituency. She urged voters to ensure a victory for the Maha Vikas Aghadi (MVA), criticising the Mahayuti government for "injustice" by toppling the government elected by the people. "Everything is going well... If people shower their blessings on us on the 20th, we will win with a bigger margin this time. I appeal to voters to respond to ...Read More >
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Small-cap Stock: Krystal Integrated Services Limited (Krystal) share price rose 5 per cent to ₹779.3 on Tuesday, November 26 after the company announced receiving a ₹106.3 crore contract from the Brihanmumbai Municipal Corporation (BMC). The contract, valued at ₹1,062.99 million ( ₹106.3 crore), covers three years and involves providing comprehensive attendant manpower services to BMC's Education and Security Departments. This initiative is aimed at improving public sector operational efficiency in Mumbai. Small-cap stock Krystal Integrated Services share was trading in the green, up 3.07 pe ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Uttar Pradesh Deputy CM Brajesh Pathak announced the examination of the Jhansi Medical College fire report after a tragic incident claimed 10 infants' lives. Investigations point to a short circuit as the cause. Amid electoral criticism, Congress calls for reverting to ballot papers following a recent election loss. Uttar Pradesh Deputy Chief Minister Brajesh Pathak confirmed on Wednesday that the report regarding the devastating fire at Jhansi Medical College has been received. An investigation into the details of the report will be conducted to determine the causes of the tragic incident. ...Read More >
Congress MP Ranjeet Ranjan has called for the replacement of Electronic Voting Machines (EVMs) with ballot papers, citing concerns over the legitimacy of election results. Ranjan raised doubts about the EVM's accuracy, suggesting that the results may be influenced and advocating for a ballot paper system like many other countries. Congress President Mallikarjun Kharge also echoed similar sentiments, accusing EVMs of wasting votes from marginalized communities. This comes after the Congress' defeat in the Maharashtra Assembly election. The Supreme Court, however, dismissed a petition seeking th ...Read More >
Mumbai Indians (MI) made strategic moves in the IPL 2025 mega-auction, securing New Zealand pacer Trent Boult for ₹12.50 crore. MI owner Akash Ambani praised Boult’s invaluable skill in swinging the new ball, acknowledging the team’s struggles when he wasn’t playing for them in recent years. The franchise also acquired England’s Reece Topley for ₹75 lakh and New Zealand spinner Mitchell Santner for ₹2 crore. MI further strengthened their spin department by signing young Afghan talent Allah Ghazanfar for ₹4.80 crore, who has impressed with his performances in international cricket. ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >
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At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >
NEW DELHI: Lieutenant governor VK Saxena has given his approval to the reconstitution of Delhi Building and Other Construction Workers Welfare Board, paving the way for govt to prepare a scheme to provide compensation to the construction workers who lost work due to the implementation of GRAP IV provisions. The board was not in place for the last couple of years. While giving his nod to its reconstitution, LG directed that immediate steps should be taken to implement Supreme Court directions to provide subsistence allowance to workers affected due to restrictions on construction activities be ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
Former minister Chandrakant Patil on Thursday said that the office of the National Book Trust (NBT) will now be permanently shifted from Mumbai to Pune, and a building space from the Pune Municipal Corporation has been leased to them immediately. This year's book festival, organized by the National Book Trust, will take place from December 14 to 22 at the grounds of Fergusson College. On Thursday, the office of the book festival was inaugurated, and the foundation stone for the pandal was laid by former minister Chandrakant Patil. On this occasion, the festival organizers, including Rajesh P ...Read More >
Leader of Opposition in Punjab Assembly, Partap Singh Bajwa, has accused two top AAP leaders of backing separate candidates for the Barnala assembly bypoll on November 20. Bajwa claimed that while one leader is supporting the official AAP candidate, the other is backing a rebel candidate. He urged the public to reject both and vote for the Congress candidate. Bajwa also took a jibe at Punjab Chief Minister Bhagwant Mann, suggesting he could become Punjab's "Eknath Shinde" after reportedly being in contact with the Union Home Ministry through a Punjab-based Union minister. ...Read More >
Vijayawada, Nov 26 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday directed the officials to formulate proposals for constructing an iconic Deep technology building in the capital city of Amaravati. Bengaluru, Nov 26 (UNI) Congress MLA HR Gaviyappa's call to reconsider some election guarantees has sparked a political storm in Karnataka, drawing sharp criticism from Deputy Chief Minister DK Shivakumar and exposing potential fissures within the ruling party. Gaviyappa, representing Vijayanagara, suggested that certain guarantees were straining state finances and hindering th ...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 >
BJP leaders, including Amit Malviya, CR Kesavan, and Pradeep Bhandari, accused Congress leader Rahul Gandhi of arrogance after he allegedly failed to greet President Droupadi Murmu, a tribal woman, during her speech on Constitution Day. Malviya claimed that Gandhi's refusal to acknowledge the President stemmed from her tribal background, while Kesavan and Bhandari pointed to Gandhi's "dynastic entitlement" and anti-tribal sentiments. The President, addressing Parliament, highlighted the significance of India's Constitution and lauded the government's efforts in social justice and inclusive dev ...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 >
PUDUCHERRY: With the India Meteorological Department's (IMD) heavy rain forecast for Puducherry, the UT government has ramped up its preparedness to mitigate the impact, including uninterrupted electricity and drinking water supplies, evacuating residents from low-lying areas, and setting up relief camps. Puducherry experienced 7.69 cm of rainfall Karaikal received 9.6 cm of rainfall in the past 24 hours. After visiting several areas in the UT to assess the situation, Chief Minister N Rangasamy convened an emergency meeting with Public Works Minister Lakshminarayanan, Collector A Kulothungan ...Read More >
Bengaluru, Nov 28 (UNI) The visit of Karnataka Chief Minister Siddaramaiah and his deputy DK Shivakumar to New Delhi has sparked fresh speculation about a possible Cabinet reshuffle in the state. As the two Congress leaders continue their discussions in the national capital, several party figures in the state have weighed in on the ongoing talks about changes in the Cabinet. Senior Congress leader Satish Jarkiholi commented on the ongoing talks about a possible Cabinet reshuffle, saying, "There are discussions that it could happen, although I'm not certain about the timing. There are reports ...Read More >
Srinagar (Jammu and Kashmir) [India], December 2 (ANI): Jammu and Kashmir National Conference (JKNC) President Farooq Abdullah claimed that Muslims are feeling unsafe and stated that there is no discrimination based on religion, as guaranteed by the Constitution. The former Chief Minister of Jammu and Kashmir also said that the government should treat Muslims without any discrimination. "...There is no doubt that Muslims are feeling unsafe. I will ask the govt of India to stop that. 24 crore Muslims cannot be thrown into the ocean. They (the govt) should treat Muslims equally, there is no di ...Read More >
Campaigning for the November 20 assembly bypolls to four seats in Punjab ended on Monday evening with the ruling Aam Aadmi Party (AAP), Opposition Congress and the Bharatiya Janata Party making last-ditch efforts to mobilise support for their respective candidates. Hours before the campaign ended at 6 pm, major political outfits intensified their efforts to woo the voters. Bypolls to four assembly segments -- Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala -- will be held on November 20 from 7 am to 6 pm, and the results will be out on November 23. The bypolls were necessitated afte ...Read More >
Also Read: Indian Constitution at 75: Defending ideals amidst erosion "Today, we recall the tremendous contribution of the Constituent Assembly and its prolific members. We are forever indebted to their vision and wisdom," he said. Kharge said Pandit Jawaharlal Nehru, Babasaheb Dr BR Ambedkar, Sardar Vallabhbhai Patel, Maulana Abul Kalam Azad, Dr Rajendra Prasad, KM Munshi, Sarojini Naidu, Alladi Krishnaswamy Ayyar, Rajkumari Amrit Kaur and several eminent personalities were not just revered national icons but inspiring personalities who became the torchbearers of hope for generations togeth ...Read More >
HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ -- IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants' gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. IBSAT is designed to reduce the stress on aspirants unlike CAT, XAT as the test does not have negative markings or sectional time limits, allowing candidates to foc ...Read More >
Major blast outside Badshah's nightclub in Chandigarh, glass window shatters; no casualty Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur says 'that spotlight belonged to you': 'Main ta bahut lucky..' 'One Nation One Subscription': Centre's scheme to ensure access to research articles, journals EXPLAINED Shillong Teer Results TODAY November 26, 2024: Check winning numbers here Meet woman who has become the youngest to travel all 195 countries, she is from... Kerala lottery TODAY November 26 Live Sthree Sakthi SS 443 Tuesday, check winning ticket, prize money here The Matrix villa ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >