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.
Hyderabad - Governor Sindh Kamran Khan Tessori conducted a detailed visit to various parts of Hyderabad, including the Cloth Market and Electronics Market, to assess the damage caused by recent torrential rains that severely affected residents and traders. Speaking to the media person at a local hotel following the visit, the Governor said this was his first opportunity to closely witness the city's neighbourhoods and directly hear the grievances of its people. Governor Tessori emphasized that he had come to Hyderabad in his capacity as a representative of the federal government, with the aim of reviewing the situation and expressing solidarity with the affected citizens. He assured that the traders and residents of Hyderabad would not be left alone in this difficult time. He urged those impacted to submit details of their losses to the federal government through their elected Members of the National Assembly (MNAs) to facilitate compensation and financial relief. The Governor proposed the formation of a joint committee comprising provincial MPAs and federal MNAs to assess the damages and ensure either tax relief or suitable compensation for the affected. He added that the federal government would contribute its share, and he would make every effort to secure a waiver of federal taxes. He said that the federal government had announced a Rs10 billion development package for Hyderabad, of which Rs5 billion had already been disbursed. The implementation of this package will be carried out through the Pakistan Infrastructure Development Company (PIDCL) under his direct supervision. He claimed that the development work under this package would bring visible improvements across the city. Tessori also announced that an IT campus would soon be established in Hyderabad, expected to benefit over 50,000 students. He revealed that IT courses would commence within the next two months, and an additional secretary would be appointed to facilitate coordination between the trader community and the federal government to effectively address civic issues. Highlighting his firm stance against corruption, the Governor said that wherever corruption is found in development projects, strict accountability would be ensured. He added that he would request Prime Minister Shehbaz Sharif to announce a special package for Hyderabad and pay an official visit to the city, during which all trade associations would be given representation. Expressing dismay over the current state of the city, Governor Tessori noted that Hyderabad today is drastically different from what it was five years ago. He clarified that his visit was not intended to criticize the provincial government, but rather to focus on resolving the people's problems. While acknowledging his limited constitutional powers, he reaffirmed his commitment to serve the public to the best of his ability. In his concluding remarks, the Governor pledged that Hyderabad would be developed on the model of Islamabad and Lahore. He assured that wherever people or traders have suffered losses, a comprehensive survey would be conducted to ensure full compensation.
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...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 >
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will not let any misuse of the official machinery and second, in case any official is found to be misusing ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Mumbai, Jul 18 (PTI) Shiv Sena (UBT) leader Sanjay Raut on Friday criticised the BJP over the clash in the Maharashtra Vidhan Bhavan, alleging that people with serious criminal records were being inducted into the party. Speaking to reporters, Raut said Chief Minister Devendra Fadnavis should dissolve his government, and the President's rule must be imposed in the state. Supporters of BJP MLA Gopichand Padalkar and NCP (SP) legislator Jitendra Awhad came to blows inside the Maharashtra legislature complex on Thursday. Shocking videos of the two groups pummelling each other and having to be ...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 >
New Delhi, June 27 (SocialNews.XYZ) Delhi Health Minister Pankaj Kumar Singh said on Friday that the government is working to introduce the Public-Private Partnership (PPP) model in 11 hospitals and a transaction adviser is being appointed for the purpose. Speaking to reporters after an inspection at Bawana's Maharshi Valmiki hospital, Singh said the government is committed to implementing the vision of Prime Minister Narendra Modi and address concerns of patients and the doctors. "We have come across some lapses and shortcomings at Maharshi Valmiki Hospital and I have ordered their resoluti ...Read More >
Mohali (Punjab) [India], July 2 (ANI): Tensions escalated in Punjab on Wednesday as police detained several Shiromani Akali Dal (SAD) supporters staging a protest against the arrest of senior party leader Bikram Singh Majithia. The protest took place near the Mohali court, where Majithia is scheduled to be produced following the completion of his Vigilance Bureau remand. Also Read | Who Is Hemant Khandelwal? Know All About Newly Appointed Madhya Pradesh BJP President. As security was tightened around the court complex, SAD President Sukhbir Singh Badal claimed that he himself was stopped an ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Amritsar (Punjab) [India], July 15 (ANI): The Golden Temple in Punjab's Amritsar received another bomb threat on Tuesday. The dog squad has been deployed at the Golden Temple premises as part of a security check. The holy site for Sikhs received a bomb threat via e-mail for the second consecutive day. Also Read | India Raises Pahalgam Terror Attack at SCO Meeting: EAM S Jaishankar Calls for 'Uncompromising Position' on Combatting Terrorism. Pratap Singh, Secretary of the Shiromani Gurdwara Parbandhak Committee (SGPC), demanded strict action against the miscreants. Pratap Singh told reporte ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
The east-west connector was earlier known as the Carnac Bridge (Representational) ShowQuick Read Summary is AI-generated, newsroom-reviewed The Carnac Road Over Bridge in South Mumbai has been renamed Sindoor BridgeMaharashtra Chief Minister Devendra Fadnavis will inaugurate the reconstructed bridge on Thursday morningThe original 150-year-old bridge was dismantled in August 2022 and rebuilt by BMC with CR-approved design Did our AI summary help? Let us know. Mumbai: The reconstructed Carn ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
Bengaluru: Ex-Karnataka Chief Minister and former External Affairs Minister SM Krishna died here early on Tuesday, leaving behind a rich legacy of statesmanship and public service that saw the 92-year-old leader scale all heights of political achievements. Suave, sophisticated and a man with enviable academic credentials, Somanahalli Mallaiah Krishna started off his political innings as an independent MLA from Maddur in 1962, stunning a then Congress veteran in the elections, and went on to become the state's CM and later the country's External Affairs Minister. Tributes poured in for the fo ...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 >
Bhubaneswar: A low-pressure area forming over the north Bay of Bengal and adjoining coastal areas of Bangladesh and West Bengal is expected to trigger heavy to very heavy rainfall across parts of Odisha through July 4, the India Meteorological Department (IMD) said Saturday. An upper air cyclonic circulation currently persists over southwest Bangladesh and adjoining Gangetic West Bengal, extending up to 7.6 km above mean sea level and tilting southwestward with height, the IMD said. Under its influence, a low-pressure area is likely to develop over the region within the next 48 hours. The sy ...Read More >
BENGALURU (Reuters) -Draft legislation by India's tech hub state of Karnataka that would impose jail terms of up to seven years for spreading "fake news" and other misinformation has stirred concerns among free speech activists that it could lead to censorship. With nearly 1 billion internet users, the stakes are high in a sprawling country of many ethnic and religious communities where fake news risks stirring deadly strife and AI deepfake videos have alarmed officials during elections. India's federal government already regulates social media content with legislation empowering it to order ...Read More >
Baramulla, Jul 5: Hundreds of mourners from Delina and its neighbouring villages Saturday participated in the Muharram procession, the 9th day of the month of Muharram-Ul-Haram at Delina area of north Kashmir's Baramulla district. The procession was one of the series of processions being held in the month of Muharram, the first month of Islamic calendar. Dressed in black and carrying flags bearing religious inscriptions, participants from the villages of Hygam, Bulgam, Bohripora, Syedpora, Uri, Boniyar and other villages marched from new Imambargah through the National Highway NH-1 to the ma ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...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 >
Jaipur: Chief minister Bhajan Lal Sharma Friday flagged off the first air-conditioned 'Rajasthan Vahini Bharat Gaurav Tourist Train' from Durgapura railway station under the Devasthan department's Senior Citizens Pilgrimage Scheme-2025. This initiative marked the beginning of the pilgrimage to Rameshwaram, carrying around 800 passengers.Under the scheme, 50,000 senior citizens will travel to 13 different pilgrimage sites via AC trains for the first time this year. The eight-day journey is the longest among the Devasthan department's pilgrimages, including visits to the Ramanathaswamy Jyotirlin ...Read More >
BENGALURU (Reuters) -Draft legislation by India's tech hub state of Karnataka that would impose jail terms of up to seven years for spreading "fake news" and other misinformation has stirred concerns among free speech activists that it could lead to censorship. With nearly 1 billion internet users, the stakes are high in a sprawling country of many ethnic and religious communities where fake news risks stirring deadly strife and AI deepfake videos have alarmed officials during elections. India's federal government already regulates social media content with legislation empowering it to order ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
Shimla, Jul 17 (PTI) Himachal Pradesh High Court has directed the state government to remove encroachments on forest lands, including the fruit-bearing trees, all across the state and not limit it to some areas. The order was passed by a division bench consisting of Justices Vivek Thakur and Bipin C Negi on Wednesday after the Advocate General placed on record fresh instructions issued by Principal Chief Conservator of Forests, informing that 2,456 apple and other fruit trees have been felled from forest lands in Chaithla village, and 713 and 490 trees in Rohru and Kotgarh forest divisions, r ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name registered in the history books. If he manages to end the drought of 58 years, he will become the first Indi ...Read More >