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: Six information technology (IT) professionals were arrested by prohibition & excise sleuths for allegedly being in possession of drugs at a birthday party at a farmhouse in Medipally village in Shankarpally on Saturday night. They also seized 0.05 grams LSD blots, hashish oil, a scotch bottle and three cars -- BMW, Jeep and Datsun Go -- from their possession.The arrested accused were identified as Abhijith Banerjee, Simpson, Parthu, Goyal, Yashwanth Reddy and Sevio Dennis.Excise officials said the six friends, who at various points of time worked for a prominent MNC in the city, reached the farmhouse on Saturday . "We already had a tip-off that a few persons were planning to gather and abuse drugs at the farmhouse. Around 2am on Sunday, the searches were done and the drugs were seized and the accused were put to test. All the five tested positive for drugs" the officials said.After questioning the accused, the investigators came to know that Abhijith had bought the drugs from Himachal Pradesh. He gave hashish oil to two other accused in the past. "Recently, two accused got promotion. Apart from that, Abhijith recently celebrated his birthday. They wanted to meet and celebrate. The accused gathered at the farmhouse and abused drugs,'' the investigators said.All the accused, aged around 30 years, reside in various parts of the city. Since the seized quantity of the drug was more than 0.02 grams, the accused were arrested for violation of the Narcotics Drugs & Psychotropic Substances (NDPS) Act.
Not long ago, India's Global Capability Centres (GCCs) were simply backroom engines -- managing payroll, IT help desks, or processing data to save global companies time and money. Fast forward to today, and these same centers are at the heart of transforming how the world's biggest businesses invent, experiment, and scale with artificial intelligence. India is now home to more than 1,700 GCCs, which employ nearly 1.9 million professionals. These centers have quietly shifted from checking boxes to imagining what's next. Today, instead of following orders, they help global firms dream up new pr ...Read More >
Mumbai: The income tax (IT) department conducted raids at over 150 locations across the country against false tax deduction disguised as political donations as well as educational and medical expenses. The investigation has revealed that employees of government bodies, public sector undertaking (PUS), multinational companies, academic institutions and entrepreneurs were a part of these organised rackets. On Monday, the IT department initiated a large-scale verification operation across multiple locations in the country, targeting individuals and entities facilitating fraudulent claims of dedu ...Read More >
New Delhi: The flexible office space market of India has witnessed a sharp surge over the past eight years, with annual transaction volumes rising 8.4 times from 2.2 million sq ft in 2017 to 18.6 million sq ft in 2025 across the top eight cities, a report showed on Wednesday. The report by Knight Frank India highlighted that such growth indicated a compound annual growth rate (CAGR) of 30 per cent, significantly outpacing the broader office market, which grew at 9 per cent over the same period. Flex space penetration has also increased sharply from 5 per cent in 2017 to 21 per cent in 2025, ...Read More >
New Delhi, [India] April 9 (ANI): The US-Iran ceasefire signals "the beginning of an off-ramp" after weeks of intense hostilities, but it does not mark a definitive end to the conflict or a structural turning point for India, cautioned global brokerage firm Bernstein in its recent report. In its latest India strategy report, Bernstein said, "Is this the end of the conflict? Probably not. Is this the end of the crazy period of escalations? We think yes," indicating expectations of near-term de-escalation rather than lasting peace. Also Read | BMW F 450 GS India Launch Set for April 23; Check ...Read More >
Hyderabad: Two persons, including a restaurant owner, were caught by anti-drug enforcement wing EAGLE at Kompally on Monday night. The restaurant owner was placed under arrest after a search of his vehicle yielded the possession of cocaine and other narcotic substances. Police said he was both a consumer and supplier, abusing drugs at prominent pubs in the city, and supplying the contraband to fitness enthusiasts, IT professionals and doctors among other high-profile clients.EAGLE officials said that Surya Annamaneni, a BTech-MBA graduate, was sourcing the drug from several peddlers, both Indi ...Read More >
Bengaluru: The Karnataka government has decided to bring in a legislation to provide one day paid leave every month for women employees across the sectors, during their menstrual periods. Karnataka Labour Minister Santhosh Lad, who made the proposal in the Cabinet meeting on Thursday said that the bill will be applicable to all the women working both in private and public sectors. Stating that this was the first of its kind in the country, the government, in 2024, had proposed six menstrual leaves per year. ''However, it does not serve the purpose. I am aware of the physical pain and mental ...Read More >
India's commercial real estate market experienced a significant upswing in Q3 CY25, with office leasing surpassing supply for the sixth consecutive quarter. Net leasing rose 31% year-on-year to 15.9 million sq. ft, while completions increased 44% YoY. Vacancy rates dipped to 14.2%, and rents saw an increase across major cities. India's commercial real estate market saw a major upswing in Q3 CY25, with office leasing continuing to exceed supply for the sixth straight quarter, a report said on Fri ...Read More >
Pune: The office leasing market in Pune experienced a notable surge in the first half of 2025, continuing with the trend observed in 2024. This increase was primarily fuelled by Global Capability Centers (GCCs), which are the Indian technology hubs of multinational corporations, as they aggressively expanded their operations. The GCCs secured a larger proportion of available office spaces in the city during the initial six months of the year, with a particularly strong increase in activity during the April-June quarter.Reports indicate that the total office spaces leased in Pune from Jan to Ju ...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 >
Patna, July 19 (SocialNews.XYZ) In a major action against corruption, the State Vigilance Unit (SVU) on Saturday arrested Sub-Inspector Putul Kumari, the SHO of the Women's Police Station in Samastipur, for accepting a bribe of Rs 20,000. Her driver was also arrested in the case. The arrest has created a stir within the police department. According to an official, Putul Kumari was caught red-handed while taking the bribe from Rajiv Ranjan, a resident of Chhatauna village under Mufassil police station limits, in connection with an assault case. Rajiv Ranjan had filed a written complaint with ...Read More >
Bengaluru: After facing roadblocks several times, Bengaluru's much-waited Namma Metro Yellow Line is all set to begin operations on January 6. Once operational, the metro line that connects RV Road to Bommasandra will be a crucial addition to the city's metro network as it links Electronics City, a hub for major companies like Infosys and Biocon. Confirming the updates, Lok Sabha MP from Bengaluru South Tejasvi Surya on Thursday said that the first train is ready and will be dispatched to Bengaluru in the first week of January. "We now have the first train ready to be dispatched to Bengaluru ...Read More >
Lucknow, Jul 9 (PTI) Six states, including Punjab and Karnataka, sent teams to study the Uttar Pradesh's excise policy, which helped the state increase revenue every year, a state minister said on Wednesday. Speaking with PTI, Uttar Pradesh Excise and Prohibition Minister Nitin Agrawal said that teams from six states of Odisha, Madhya Pradesh, Andhra Pradesh, Karnataka, Maharashtra and Punjab visited the state to study the excise policy. Asked about the policy features that were liked by the states, the minister said that the states came to study the UP's revenue model which increased the st ...Read More >
The Income-Tax Department has found organised rackets operated by some returns preparers and intermediaries across the country, filing income-tax returns (ITRs) on behalf of their clients -- including employees of multinational companies, public sector firms, government bodies, academic institutions, and entrepreneurs -- to fraudulently claim exemptions and refunds, the Finance Ministry said. The department is now poised to take stern action against continued fraudulent claims, including penalti ...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 >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Hyderabad: The income-tax (IT) department has conducted inspections at 200 locations across the country, including among individuals employed in the Information Technology (IT) sector with links to Telangana, over the submission of fake bills to claim tax deduction. Although the raids were carried out in Maharashtra, Tamil Nadu, Delhi, Gujarat, Punjab, and Madhya Pradesh, it was reported that employees of several IT companies based in Maharashtra and Tamil Nadu -- originally from Telangana and holding Aadhaar addresses in various parts of the state -- had submitted ITRs with fake bills for ed ...Read More >
Vijayawada: Sports Authority of Andhra Pradesh (SAAP) chairman A Ravi Naidu alleged the YSRCP president Y S Jagan Mohan Reddy is inciting the youth of Andhra Pradesh and pushing them toward violent politics. He alleged Jagan Mohan Reddy is misleading the youth through a calculated campaign involving substance abuse and criminal politics. He alleged that under the direction of Sajjala Ramakrishna Reddy, this dangerous trend is gaining momentum in the state. Addressing the media at IGMC stadium here on Thursday, the SAAP chairman said wherever Jagan travels, there's more drama and intimidation ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
* Six IT professionals were arrested in a raid at a farmhouse near Hyderabad * The farmhouse was booked by IT professional Abhijit Banerjee for a birthday party * Police found drugs and foreign liquor being consumed at the celebration Did our AI summary help? Let us know. Switch To Beeps Mode Six IT professionals have been arrested after drugs were recovered during a raid at a farmhouse near Hyderabad. The farmhouse in Telangana's Rangareddy district was booked by an IT professional named ...Read More >
Hyderabad: Six IT employees were held by the Telangana State Task Force team of the Prohibition and Excise Department for allegedly consuming drugs at a private farmhouse party in Chevalla on Saturday, August 2. According to reports, the accused have been identified as Abhijit, Simpson, Parthu, Goyal, Yeshwanth and Sevio Dennis, who all tested positive for drugs. Apart from LSD blots, hash oil and liquor, officials from the excise department also seized three luxury cars and mobiles of the accused during the raid. Two of the accused, who are said to have organised the party, are currently ab ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
Hyderabad (Telangana) [India], September 15 (ANI): Union Minister G Kishan Reddy on Sunday slammed the Congress and the BRS and said that they never celebrated the Hyderabad Liberation Day because of their "vote bank politics". He also said that Defence Minister Rajnath Singh will participate in this year's Hyderabad Liberation Day celebration. "Because of vote bank politics, Congress and BRS never celebrated Hyderabad Liberation Day in this area. On the occasion of 'Azaadi Ka Amrit Mahotsav,' PM Modi and Home Minister Amit Shah decided to hold an official event related to the Hyderabad Liber ...Read More >
India's Global Capability Centers (GCCs) are evolving from cost-saving back offices to innovation hubs, driving global product development and digital solutions. With over 1,600 GCCs currently, projected to generate $121 billion in revenue by 2030, India is becoming a strategic innovation powerhouse. For decades, India has been perceived globally as the world's back office, a reliable destination for IT services, business process outsourcing, and support functions. But in recent years, this narrative has undergone a dramatic transformation. At the heart of this shift is the rise of Global Cap ...Read More >
New Delhi, India -- Meghna Gupta* had planned it all - a master's degree by 23, a few years of working in India, and then a move to the United States before she turned 30 to eventually settle there. So, she clocked countless hours at the Hyderabad office of Tata Consultancy Services (TCS), India's largest IT firm and a driver of the country's emergence as the global outsourcing powerhouse in the sector. She waited to get to the promotion that would mean a stint on California's West Coast. Now, Gupta is 29, and her dreams lie in tatters after US President Donald Trump's administration upended ...Read More >
New Delhi: In a bid to curb user harm from AI-generated deepfakes and synthetically produced content, the IT Ministry has proposed draft amendments to IT rules that mandate labelling and prominent markers to ensure users can distinguish synthetic and authentic content and mooted greater accountability for major social media platforms. With the increasing availability of generative AI tools and the resulting proliferation of synthetically generated information (deepfakes), the potential for misuse of such technologies to cause user harm, spread misinformation, manipulate elections, or imperson ...Read More >
Healthcare GCCs are likely to be among the most resilient contributors to a rise in GCC employment, reflecting the demands of healthcare and the capability of the workforce delivering it. India's employment engine in technology is no longer powered only by traditional IT services. That model, which scaled rapidly in earlier decades, is now more exposed to global demand cycles. Slowdowns in discretionary technology spending or project-based work have led to uneven hiring patterns across the secto ...Read More >
"It has become a prerequisite for each and every country to formulate a more thoughtful regulation that mitigates the challenges and harms of AI without hindering innovation." India is gearing up to introduce new legal obligations aimed at curbing the rising menace of deepfakes online. As reported by Reuters, the government on Wednesday proposed fresh regulations that would compel artificial intelligence (AI) developers and social media platforms to label any content generated by AI. The Ministr ...Read More >
BENGALURU: A quiet morning in north Bengaluru's Kothanur neighbourhood spiralled into tragedy when a 32-year-old IT engineer was found dead in his apartment. Within minutes of discovering his body, his wife died by suicide after jumping from the 18th floor of the same residential complex, police said.According to police, the woman, who worked with an IT firm, had returned from Hyderabad earlier that morning. Around 7.30am, she alerted apartment security after her husband failed to respond to repeated calls and did not open the bedroom door.Security personnel broke open the door and found him h ...Read More >