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.
KYIV (Reuters) - Ten people, including two children, were killed and 52 were injured on Sunday night when a Russian missile hit a residential nine-storey building in Ukraine's northeastern region of Sumy, Ukraine's emergency services and military said. "Sunday evening for the city of Sumy became hell, a tragedy that Russia brought to our land," Volodymyr Artyukh, the head of the Sumy military administration said in a post on the administration's Telegram messaging channel.
Reuters: Indian refineries are ready to significantly reduce purchases of raw materials from Russia. Reliance Industries, India's largest private buyer of Russian oil, will be forced to reduce or stop imports in order to meet government requirements. The country may change its oil strategy in the face of global pressure, the agency said. After the conflict began in 2022, India became the largest buyer of discounted Russian oil, importing up to 1.7 million barrels per day. The decision to reduce fuel purchases is related to the US sanctions against Rosneft and Lukoil. Solovyov in Max | Solov ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooperation. If our appeals are ignored, we will fight and achieve our goal. I am ready to lead this battl ...Read More >
"The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning," Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app. Vladimir Dzhabarov, first deputy head of the Russian upper house's international affairs committee, said that Moscow's response will be immediate. "This is a very big step towards the start of World War Three," the TASS state news agency quoted Dzhabarov as saying. President Vladimir Putin said in September that the West would be fi ...Read More >