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, July 20 (SocialNews.XYZ) India's automobile exports grew by 22 per cent year-on-year (YoY) in the April-June quarter of the current financial year (Q1 FY26), according to data released by the Society of Indian Automobile Manufacturers (SIAM). This strong growth was driven by record shipments of passenger vehicles, along with solid performance in two-wheelers, commercial vehicles, and three-wheelers. In total, India exported 14,57,461 vehicles across all categories in the first quarter, up from 11,92,566 units during the same period the previous year. Passenger vehicle exports reached an all-time high of 2,04,330 units in the April-June quarter -- marking a 13 per cent increase compared to 1,80,483 units exported in the same quarter last year. SIAM attributed this growth to stable demand in most international markets, with strong performance in the Middle East and Latin America. Exports also received a boost from recovering demand in neighbouring countries like Sri Lanka and Nepal, as well as growing interest from Japan. SIAM further noted that Free Trade Agreements (FTAs) with countries such as Australia helped increase shipments. Maruti Suzuki, the leading carmaker in the country, was the top exporter of passenger vehicles in the April-June quarter. The company sent 96,181 cars to other countries, which is over 37 per cent more than the 69,962 cars it exported during the same period the previous year. Hyundai Motor India exported 48,140 cars during this time, a 13 per cent increase compared to 42,600 cars in the April-June quarter of the previous year. Two-wheeler exports saw a 23 per cent rise, reaching 11,36,942 units in Q1, up from 9,23,148 units during the same period the previous year. Commercial vehicle exports also grew by 23 per cent, with shipments rising to 19,427 units. Three-wheeler exports recorded the highest growth rate among all segments, jumping 34 per cent to 95,796 units in the April-June quarter.
New Delhi, Dec 12 (PTI) Tata Motors on Thursday said it will increase prices of its trucks and buses portfolio by up to 2 per cent effective January 1, 2025, citing rising input costs. The price increase is to offset the rise in input costs, Tata Motors said in a statement. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses, it added. Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that th ...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 >
New Delhi, Jul 2 (PTI) Hyundai Motor India Ltd on Wednesday said its popular SUV model Creta has emerged as the best-selling passenger vehicle in the domestic market in June this year. Creta was the highest-selling model in the country for June 2025 with 15,786 units sold in the month, Hyundai Motor India Ltd (HMIL) said in a statement. Maruti Suzuki India's compact sedan Dzire was the second-best-selling model with 15,484 units in June followed by its compact SUV Brezza with 14,507 units in third, according to industry sources. "Over the last decade, brand Creta has consistently redefined ...Read More >
MUMBAI: Electric vehicle (EV) sales in India rose 28.6% to 1,80,238 units in June over the year-ago period, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers' Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June 2024, registering a sharp increase of nearly 80% year-on-year.The e-passenger vehicles' share in the overall electric vehicle market shot up to 4.4% in June 2025 from 2.5% in June 2024, it said.Electric three-wheeler volumes ...Read More >
New Delhi [India], July 15 (ANI): Passenger Vehicles and Two-Wheelers sales are expected to experience an uplift, helped by the upcoming festive season typically serves as a demand driver, according to the recent report by the Society of Indian Automobile Manufacturers (SIAM). Additionally, the report reveals that an above-normal monsoon is likely to aid rural income recovery, which is expected to be a positive signal for two-wheelers and entry-level vehicles that rely heavily on rural demand. The auto sector is expected to witness improved affordability and boosted consumer sentiment in the ...Read More >
Mathura, Jul 19 (PTI) Six people died and two were injured when a mini-van collided with a truck on the Yamuna Expressway here, police said on Saturday. "The accident took place at milestone 140 at around 3 am. The Agra-bound mini-van rammed into a heavy vehicle, possibly due to the driver falling asleep at the wheel," Senior Superintendent of Police (SSP) Shlok Kumar said. "Six people died on the spot, while two have sustained serious injuries and were admitted to a hospital," he added. The family members of the deceased have been informed, and further action is being taken, he said. In a ...Read More >
New Delhi, Jun 6 (PTI) The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loan borrowers. "Such reduction in repo rates would have a positive impact on the auto sector since ...Read More >
New Delhi: The April-June 2025 quarter saw severe pressure on the domestic car market, with challenges in generating fresh demand as growing geopolitical tensions and concerns over the economy depressed consumer sentiments.Maruti Suzuki, the country's biggest carmaker, reported a 6% decline in first-quarter wholesale numbers as the company dispatched around 3.9 lakh units to dealerships compared to 4.2 lakh units in the same quarter of the previous fiscal.Hyundai experienced a decline of 12%, while Tata Motors also saw a 10% fall in its wholesale numbers.Mahindra & Mahindra and Kia Motors were ...Read More >
Mumbai (Maharashtra) [India], July 2 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde said that tourists from the state who were stranded in Uttarakhand due to adverse weather conditions were "safe" and would be "brought back soon". He also said that the state government was in close coordination with Uttarakhand authorities to ensure their rescue. Also Read | What Is Sex-Sorted Semen Technology? Kerala Achieves Milestone With Birth of Twin Female Calves Under Accelerated Breed Improvement Programme, Boosting Dairy Sector. Speaking to the mediapersons a day earlier, Shinde said, "Our ...Read More >
Chennai (Tamil Nadu) [India], July 4: India's mining and construction equipment sector is poised for significant growth, projected to expand from $16 billion to $45 billion by 2030*. To support this surge, Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, today launched the all-new BharatBenz Construction and Mining range comprising of their HX and Torqshift series models. This heavy-duty truck series directly addresses the critical need for reliable, high-performance vehicles as large contractors increasingly invest in owned assets and modernize their ag ...Read More >
New Delhi: An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday. The four-day talks will end on Thursday. India's deputy chief negotiator for the proposed BTA has reached Washington for the talks on the first phase of the BTA, the official said. The visit assumes significance as both sides have to iron out issues in sectors, like agriculture an ...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 >
An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables An Ertiga, its popular multi-purpose vehicle manufactured at its Manesar facility in Haryana, drove Maruti Suzuki India Ltd to new milestone -- two million vehicles manufactured in a calendar year, making India's largest car manufacturer the only company to achieve the feat in the passenger vehicle space. Of the two million vehicles, almost 60 percent were manufactured in Haryana ...Read More >
Trinamool Congress MP Mahua Moitra criticized Prime Minister Narendra Modi during his international tour, questioning the effectiveness of India's diplomatic efforts in isolating Pakistan globally. Moitra commented on Modi's extensive traveling and expressed concerns about Pakistan's support from international organizations. As Prime Minister Narendra Modi embarked on a multi-nation tour, he faced critical remarks from Trinamool Congress MP Mahua Moitra, who questioned why India's diplomatic act ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
NEW DELHI: Arizona State University (ASU), a global leader in innovation and higher education, is collaborating with Rajalakshmi Engineering College (REC), Chennai, to redefine global education pathways for Indian students. The initiative aims to introduce undergraduate and Master's degrees across key disciplines, including Computer Science, Engineering, and Business & Management. Speaking on this occasion, ASU President Michael M. Crow said, "With India as our largest source of international students, this partnership with REC strengthens our mission to expand access to exceptional education ...Read More >
Mumbai, June 30 (SocialNews.XYZ) After rising for four straight sessions, the Indian stock markets took a breather on Monday as investors booked profits amid the absence of strong domestic cues. The Sensex dropped 452 points, or 0.54 per cent, to close at 83,606.46. During the day, it moved between an intra-day high of 84,099.53 and a low of 83,482.13. Nifty also followed suit. The 50-share index opened at 25,661.65, touched a high of 25,669.35, and closed at 25,517.05, down by 120.75 points or 0.47 per cent. In contrast, the broader markets performed better. The Nifty Midcap100 rose 0.6 pe ...Read More >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positio ...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 >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in October 2024 were higher at 159,591 units, indicating a month-on-month decline. In November 2024, Maruti ...Read More >
Hyderabad: Databricks, the Data and AI company, announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management. The company has seen increased momentu ...Read More >
New Delhi [India], July 1 (ANI): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Delivering his inaugural address, Margherita said, '73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of t ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
New Delhi, Jul 11 (PTI) Shares of Glenmark Pharmaceuticals Ltd on Friday jumped 10 per cent after the firm said it has signed a deal with AbbVie to commmercialise its underdevelopment drug aimed to treat cancer and autoimmune diseases in an up to USD 2 billion deal, one of the largest transactions in the pharma sector. The stock surged 9.99 per cent to hit its 52-week high as well as the upper circuit limit of Rs 2,095.65 on the BSE. At the NSE, the stock zoomed 10 per cent to Rs 2,094.40 -- its 52-week high as well as upper circuit level. Glenmark Pharmaceuticals' arm Ichnos Glenmark Innov ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as alterna ...Read More >
New Delhi, June 6: Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week, according to a senior official. India's negotiating team, headed by Additional Secretary Rajesh Agrawal, has held talks over two days with senior officials from the Office of the United States Trade Representative (USTR), who arrived in Delhi for weekend talks. "The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tari ...Read More >
PUNE: Automobile dealers clocked a modest rise of 5 per cent year-on-year to 22.12 lakh units in the retail sale of total vehicles in May, buoyed by healthy two- and three-wheeler sales. However, passenger vehicle (PV) sales bucked the trend, slipping 3.1 per cent as rising inventory and cautious consumer behaviour signalled a pause in demand recovery, the Federation of Automobile Dealers Associations or FADA data showed on Friday. The PV registrations last month stood at 3,02,214 units, as compared to 3,11,908 units in May 2024. FADA said that customers delayed purchases in several states d ...Read More >