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.
KOCHI: The 'future fuel' is here! The first-ever green hydrogen ferry in the country, built by the Cochin Shipyard Ltd, has received the Indian Register of Shipping (IRS) approval, paving the way for the deployment of the 50-passenger capacity vessel that boasts of zero pollution, in Varanasi in Uttar Pradesh. It has completed the six-month trial runs in Varanasi. The news is significant as the Kochi Water Metro, which currently uses electric-hybrid passenger ferries manufactured by the CSL, has ambitious plans to shift to the zero-emission green hydrogen fuel in future. "The shift to green hydrogen vessels is now under active consideration and discussions are progressing with the Cochin Shipyard. While we decided against hydrogen ferries initially due to their huge operating cost and difficulty in sourcing, discussions have now been revived, with ANERT (Agency for New and Renewable Energy Research and Technology) extending a subsidy scheme as well," said a source with Kochi Metro Rail Ltd. When the green hydrogen proposal was first made two years ago, the cost of the 'future fuel', considered a potential replacement for fossil-based ones, was '960/kg. Industry sources said this has now more than halved. "Reliance has commissioned a pilot hydrogen refuelling station (HRS) in Jamnagar. The cost of hydrogen comes to Rs 360/kg," a source said. Another positive development is the availability of hydrogen fuel in Kochi, as a green hydrogen plant and fuelling station, the first in south India, is coming up near Kochi airport at Nedumbassery. It is jointly developed by Bharat Petroleum Corporation Ltd (BPCL) and Cochin International Airport Ltd (CIAL). While BPCL is entrusted with the building and operation of the 1,000-kW plant, CIAL contributes land, water and green energy resources. The plant will have a capacity to produce 80 kg of green hydrogen daily.
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 >
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
New Delhi, May 28 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the interest subvention component under the modified interest subvention scheme (MISS) for loans to farmers during the financial year 2025-26, and approved the required fund arrangements, according to an official statement issued after the meeting. MISS is a Central sector scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan credit cards (KCC). Under the scheme, farmers receive short-term loa ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
Bhubaneswar: Opposition BJD and Congress MLAs Tuesday staged a walkout from the Odisha assembly, accusing the ruling BJP of failing to control prices of essential commodities and resolve the potato crisis in the state. The issues were debated in the House over the admissibility of an adjournment motion moved by the Opposition on price rise of vegetables, pulses, edible oil and fuel. The opposition members took exception to comments made by Food Supplies and Consumer Welfare Minister K C Patra that adverse climate conditions, rates in international and domestic markets, and less production by ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >
NEW DELHI : Shreyas Iyer's off-field value is rising in tandem with his on-field success. Punjab Kings' second appearance in the Indian Premier League (IPL) final after an eleven-year wait will likely boost Iyer's brand value by 20-25%, according to talent consultants. With his unbeaten 87-run captain's knock in the qualifier 2 against Mumbai Indians on 1 June, Iyer achieved the rare feat of leading three different IPL teams into the final -- a first in the history of the world's second-richest sports league. Iyer led Kolkata Knight Riders to the title in 2024 and Delhi Capitals to their fir ...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 >
Also Read | Sambhal sparks rift: INDIA bloc allies face leadership turmoil? "Multiple encroachments are being seen around the area," Sambhal DM Rajendra Pensia told ANI. Pensia said, "There was encroachment on roads, sewers, water bodies, and that too for a long time. We are undertaking an 'abhiyan' (drive) to fix it. We launched a campaign in Chandausi and we had decided we would start the campaign here in November. But we could not start." The DM stated the anti-encroachment drive will conti ...Read More >
Alipurduar, May 29 (UNI) Prime Minister Narendra Modi on Thursday laid the foundation of a Rs 1,010 crore City Gas Distribution Project in West Bengal's northern district of Alipurduar and said that the state's development is key to India's future. The project aims to supply Piped Natural Gas (PNG) to 2.5 lakh households, over 100 commercial establishments, and establish 19 CNG stations. "The City gas distribution project in Alipurduar is our commitment to strengthening the region's clean energy infrastructure," Modi said at the outset. "Bengal's development is key to India's future," Modi ...Read More >
New Delhi, Jan 27 (UNI) Aam Aadmi Party (AAP) has released its manifesto for the next month Assembly election with 15 guarantees, including employment and the women's dignity scheme. While releasing the manifesto on Monday, AAP's national convener and former Chief Minister Arvind Kejriwal said, "Kejriwal's guarantees are solid," emphasising that free electricity for 24 hours, free water, free education, free pilgrimage for senior citizens, free bus travel for women, and free medical treatment in hospitals and Mohalla Clinics will continue in Delhi. He alleged, "BJP leaders and spokespersons ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce gr ...Read More >
Uber has launched India's first Shikara ride on Srinagar's Dal Lake, offering a unique and scenic experience. This new service allows passengers to enjoy the tranquil beauty of the lake while riding in a traditional Shikara boat. Booking is easy through the Uber app, with rides available daily from 10 AM to 6 PM. This initiative aims to boost tourism in the region while providing locals with a new way to experience the lake. With Uber's entry into the Shikara market, visitors can now enjoy a blend of modern convenience and traditional charm on Dal Lake. ...Read More >
Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10. The NSE Nifty went up by 181.10 points or 0.75% to 24,457.15. From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce grown using natural and organic farming practices. The Chief Minister made these announcements ...Read More >
Mumbai, Dec 18 (PTI) Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve's policy meeting, scheduled for Wednesday, traders said. The 30-share BSE benchmark tumbled 502.25 points or 0.62 per cent to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. As many as 2,563 stocks de ...Read More >
New Delhi, Feb 7 (VOICE) In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government said on Friday.As of January 31, India's total solar capacity installed stands at 100.33 GW, with 84.10 GW under implementation and an additional 47.49 GW under tendering. This remarkable achievement marks a significant step toward realising the ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030 set ...Read More >
New Delhi [India], June 5 (ANI): On the occasion of World Environment Day, a website, "Discover Green Hydrogen," was launched by L&T GreenTech. The website focuses on the global clean energy revolution, providing insights, expert analysis, and real-time updates on the rapidly evolving Green Hydrogen industry. Powered by L&T GreenTech, a key division of L&T Energy's Green & Clean Energy Business, the newly launched website reflects L&T's unwavering commitment to sustainability. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. This website is designe ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...Read More >
Temasek-backed StarAgri, a leading post-harvest management services company, has filed its draft red herring prospectus with SEBI for raising ₹450 crore through initial public offering. The IPO will feature a fresh issue of shares worth ₹450 crore and an offer-for-sale of 2.69 crore shares. Among the key stakeholders, Claymore Investments (Mauritius) Pte, a Temasek Holdings subsidiary, will offload 1.19 crore shares, with the remaining shares offered by StarAgri's promoters. The company is a ...Read More >
MUMBAI (Reuters): The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the US dollar, before closing at 84.8950, down 0.04% on the day. Benchmark Indian equity indexes BSE Sensex and Nifty 50, closed lower by over 1% each, dragged by weakness in financial stocks and Reliance Industries. Investor sentiment was also dampened after data on Monday showed that India's merchandise trade deficit rose to a record h ...Read More >
New Delhi [India], December 3 (ANI): Congress MP Priyanka Gandhi Vadra on Tuesday expressed her sorrow over the havoc wreaked by Cyclone Fengal in south India including Tamil Nadu and Puducherry. Offering her condolences to those who lost their loved ones, Vadra appealed to the Congress workers to work with the administration in relief work amid the crisis. "Deeply saddened by the devastation caused by Cyclone Fengal in Tamil Nadu and Puducherry. My prayers are with those who have lost loved ones and those facing immense loss and hardship. I appeal to all Congress workers to join hands with ...Read More >
New Delhi [India], December 3 (ANI): The Delhi High Court has issued a notice in response to a Public Interest Litigation (PIL) challenging the alleged unlawful construction of Urban Extension Road II through the village pond land in Goyla Khurd, located in the Southwest District of Delhi. The construction, which took place between 2018 and 2024, is visible in Google satellite images and raises concerns about the loss of natural resources crucial for environmental sustainability, especially as the city grapples with pollution, heatwaves, groundwater depletion, and climate change, plea stated ...Read More >
Chandigarh (Haryana) [India], December 12 (ANI): Haryana Chief Secretary Vivek Joshi on Thursday presided over a state-level coordination committee meeting to review the 'PM Surya Ghar: Muft Bijli Yojana.' According to an official release, it was informed during the meeting that 9,609 rooftop solar systems with a combined capacity of 45.90 MW have been installed across the state so far. The government has disbursed Rs 52.54 crore in subsidies to beneficiaries to further encourage solar adoption. Moving forward, the state plans to equip government buildings with solar power plants, with the Pu ...Read More >
Gurgaon: As the Union Budget 2025-26 approaches, affordable housing remains a critical expectation for the real estate sector. Once a flourishing segment, affordable housing -- homes priced under Rs 40 lakh -- faced a sharp downturn in recent years. According to industry data, the share of affordable housing in total sales dropped to 18% in 2024 from 38% in 2019. Similarly, its share in the total housing supply across the top seven cities declined from nearly 40% in 2019 to just 16% in 2024. This steep fall highlights the urgent need for interventions to revive the segment, which struggled ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty rebounded nearly 2 per cent on Tuesday in line with a recovery in Asian peers after US President Donald Trump delayed tariffs on Mexico and Canada for a month. The 30-share BSE Sensex jumped 1,397.07 points or 1.81 per cent to settle at a month's high of 78,583.81. During the day, it surged 1,471.85 points or 1.90 per cent to 78,658.59. The NSE Nifty soared 378.20 points or 1.62 per cent to 23,739.25, a level not seen since January 3. From the 30-share blue-chip pack, Larsen & Toubro rallied nearly 5 per cent. Adani Ports, IndusInd Bank, Tata ...Read More >
Bhubaneswar/Gopalpur: Odisha Chief Minister Mohan Charan Majhi on Thursday laid the foundation stones for five major industrial projects at the Tata Steel Special Economic Zone Limited's (TSSEZL) Gopalpur Industrial Park (GIP) in Ganjam district. With a cumulative investment of over Rs 20,500 crore, these projects mark a significant boost to the state's fast-growing industrial base. Addressing the gathering, Chief Minister Majhi said, "Ganjam has emerged as a dynamic industrial destination due to its robust infrastructure, a strategically located port, and a pool of skilled manpower. With inv ...Read More >
Adani Ports, Adani Enterprises, Shriram Finance, UltraTech Cement, and Cipla were the top gainers on the Nifty. Benchmark indices Nifty and Sensex extended morning gains driven by strength in public sector banks ahead of the RBI MPC meet outcome on Friday. Heavyweight stocks like HDFC Bank and Reliance Industries also contributed to the rally on December 3. Broader markets also showed strength with mid- and small-cap indices rising 0.7 percent each. At noon, the Sensex was up 538.04 points or 0.67 percent at 80,786.12, and the Nifty was up 153.45 points or 0.63 percent at 24,429.50. About 2, ...Read More >
Mumbai, Dec 18 (PTI) Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as environment-friendly diesel-electric vessels for the transport of general cargo in the coastal wate ...Read More >