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 : In a strategic initiative to enhance Sri Lanka's tourism, Red Hat Communications, a major travel communications and marketing company, has announced its partnership with Classic Destinations, a well-known Sri Lankan travel & tour company. The partnership will enhance Sri Lanka's status as an attractive holiday destination among Indian tourists through a series of focused roadshows and other marketing initiatives in India. Under this alliance, Red Hat Communications will lead a large-scale promotional campaign across several Tier-1 and Tier-2 cities in India. The drive will be centered around highlighting Sri Lanka's rich cultural heritage, natural splendor, and varied experiences ranging from its unspoiled beaches and tea estates to its wildlife and temples. The project also supports the Sri Lanka tourism sector's drive to win a larger proportion of the Indian outbound travel market, which has been demonstrated as having immense potential after the pandemic. This collaboration will drive enhanced & trusted partnerships with travel companies and support them to enhance skills, tourism & revenue. Speaking on the announcement, Jyoti Mayal, CEO of Red Hat Communication, said, "India and Sri Lanka share deep-rooted cultural and historical ties. We see tremendous opportunity in repositioning Sri Lanka as not just a holiday destination, but an all-season travel experience. Through these roadshows, our goal is to engage travel trade partners and consumers alike, creating awareness, building interest, and ultimately driving footfall to Sri Lanka. Classic Destinations brings unmatched on-ground expertise, and together, we are committed to unlocking Sri Lanka's true tourism potential in India. With our dynamic & effective team based in North, South, East & West India dedicated to supporting Classic Destinations, we're confident that this partnership will add a new dimension, support, and additional revenue streams for our travel partners." Echoing the sentiment, Chalaka Gajabahu, Head of Classic Destinations, added, "We are excited to collaborate with Red Hat Communications to tap into the dynamic Indian travel market. Our team in Sri Lanka is prepared to deliver authentic, memorable experiences tailored to Indian travelers. This partnership will bridge cultural curiosity with curated travel, offering new ways for Indians to explore Sri Lanka." The campaign will comprise of B2B networking sessions, trendsetting travel showcases, destination training workshops for travel agents, influencer partnerships, and co-promotions with airlines and hospitality partners. Phase one of the roadshows will begin in Delhi, Mumbai, Kolkata, and Chennai, followed by other places like Bengaluru, Hyderabad, Ahmedabad, and Jaipur. Classic Destinations, in keeping with its in-depth knowledge of the Sri Lankan travel scenario, will offer infrastructural backing and selected experiences for Indian travelers from luxury escapes to spiritual pilgrimages and adventure-driven packages. This association is likely to enhance the bilateral tourism connections and aid the post-pandemic revival of Sri Lanka's tourism sector by placing it firmly on Indian travelers' mind maps.
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Katra, June 06: The Chamber of Tourism, Trade and Industry Katra (CTTIK) Friday extended heartfelt gratitude to the Prime Minister Narendra Modi for inaugurating and flagging off the much-anticipated Vande Bharat Express on the Katra-Srinagar railway line. This significant milestone is hailed as a transformative development for the Union Territory of Jammu and Kashmir, promising enhanced connectivity, economic growth, and spiritual resurgence. In addition to launching the Vande Bharat service, the Prime Minister also inaugurated two of India's most remarkable engineering feats: the Chenab Rai ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu has directed the officials to develop 'Visakha Economic Region' as the growth engine of Andhra Pradesh, with an aim to transforming it into a USD 120 billion economic region by 2032. He emphasised the need to develop Visakhapatnam on the lines of Mumbai in the next seven years. The Economic Region consists of eight districts including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, ASR, and Manyam. The Chief Minister instructed officials to develop projects that would boost economic activity across this eight-distri ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi, Dec 18 (PTI) The Pakistan high commission on Wednesday said it issued 84 visas to Indian pilgrims to visit the Shree Katas Raj temples in Punjab province's Chakwal district. The group has been given visas to visit the Katas Raj temples from December 19 to 25. The temples are also known as Qila Katas. It is a complex of several Hindu temples connected to one another by walkways. Under the provision of a bilateral protocol on visits to religious shrines, Sikh and Hindu pilgrims from India visit Pakistan every year.Pakistani pilgrims also visit India every year under the protocol. ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
Ramban (Jammu and Kashmir) [India], June 6 (ANI): Security forces conducted thorough inspections and heightened vigilance in Ramban, ahead of Prime Minister Narendra Modi's visit to Katra on Friday. Prime Minister Modi will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Security personnel conducted sweeping inspections, including dog squad deployments and comprehensive vehicle checks. Also Read | Chinnaswamy Stampede: Karnataka CM Siddaramaiah Suspends Bengaluru Police Commissioner B Dayananda, Orders ...Read More >
Udhampur (Jammu and Kashmir) [India], June 6 (ANI): Security has been heightened at the Udhampur Railway Station ahead of Prime Minister Narendra Modi's visit to Katra on Friday during wich he will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Ahead of flagging off the Vande Bharat Express between Katra and Srinagar on June 6, marking the completion of the Katra-Sangaldan rail link project, Prime Minister Narendra Modi stated that key infrastructure projects worth Rs 46,000 crores, which are being inau ...Read More >
Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the Jharkhand liquor scam. Both officers have already been named as accused in the Chhattisgarh liquor s ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
New Delhi: The Supreme Court on Thursday directed courts across the country to refrain from admitting or passing any new orders on pleas seeking surveys of mosques to determine if temples lie beneath them. This decision extends to existing suits, halting any further orders on the matter. The directive was issued as the apex court continued hearing petitions challenging the constitutional validity of the Places of Worship (Special Provisions) Act, 1991. This Act prohibits filing lawsuits to reclaim places of worship or alter their character from what existed on August 15, 1947. Judicial Revie ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Ayodhya, Dec 5 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Thursday accused the Opposition parties of trying to divide society, saying what Mughal ruler Babur's army did in Ayodhya and Sambhal is what is happening in Bangladesh. The chief minister, who was in the temple town for the inauguration of the 43rd Ramayan Mela, said Lord Ram united the whole society. "Had we given importance to unity and not let the strategy of nation's enemies succeed in creating social animosity, this country would have never become a slave. Our pilgrimages would not have become impure. A handful of inv ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Union Commerce and Industry Minister Piyush Goyal on Thursday said he looks forward to further strengthening India-Italy strategic partnership by closely working together with the country. Goyal is in Italy on a two-day official visit, after completing his engagements in France which focused on strengthening India-France economic cooperation. "Honoured to be hosted for a delightful dinner by H.E. @Antonio_Tajani, Deputy Prime Minister and Minister of Foreign A ...Read More >
New Delhi: In a story that reads like the plot of a high-stakes geopolitical thriller, Indian intelligence agencies have uncovered the presence of a mysterious Pakistani woman known as 'Madam N' - a suave and powerful business tycoon from Lahore with alleged orders straight from Pakistan's notorious spy agency - the Inter-Services Intelligence (ISI). Her mission was to infiltrate India through culture, faith and charm and to raise a ghost army of 500 spies scattered quietly across Indian soil. What began as a routine interrogation of arrested social media influencers turned into the stunning ...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 >
Katra, June 06: Prime Minister Narendra Modi delivered a powerful message to Pakistan and ter-rorists today, reaffirming India's resolve to protect Jammu and Kashmir from terrorism and ex-ternal aggression. "Whenever Pakistan hears the name Operation Sindoor, it will be reminded of its humiliating de-feat," Modi declared, referring to the recent successful military operation that struck terror infra-structure inside Pakistan. He said Operation Sindoor demonstrated the strength of Aatmnirbhar Bharat and praised the armed forces for their trust in 'Make in India.' "You have seen how Operation ...Read More >
Srinagar: Prime Minister Narendra Modi on Friday condemned the April 22 terror attack in Pahalgam as a deliberate attempt by Pakistan to undermine "insaniyat (humanity) and Kashmiriyat (Kashmiri ethos)," targeting not only peace but also the livelihoods of Kashmiris dependent on tourism. Addressing a massive public rally in Katra after inaugurating the first direct train service to the Kashmir Valley, Modi called the assault "a sinister effort to incite communal violence in India and cripple the tourism sector that sustains thousands of hardworking Kashmiris." Highlighting the symbolic signi ...Read More >
Wind Creek Hospitality, under the ownership of the Poarch Band of Creek Indians, has agreed to purchase the Birmingham Racecourse from the McGregor family, known for their stakes in both the Birmingham and Victoryland Casinos. The acquisition, set to conclude by early 2025, marks a significant expansion for Wind Creek in the Southeast. "For over 30 years, we have worked to provide the best possible experience for our customers and employees, while generating significant tax revenue for the state of Alabama and local charities," said Lewis Benefield, President of the Birmingham Racecourse and ...Read More >
Madhya Pradesh has received the "Best Tourism State of the Year" award at the Travel and Tourism Conclave in New Delhi. The state's tourism department has been recognized for its efforts in improving infrastructure, enhancing accessibility, and promoting its cultural and natural attractions, aiming to establish it as a leading global tourist destination. Read less Great news for Madhya Pradesh! The beautiful destination has been honored with the prestigious "Best Tourism State of the Year" award at the Travel and Tourism Conclave and Awards in New Delhi. This is an impressive award in the tou ...Read More >
Hyderabad -- Phenom, an AI company specializing in HR, today announced it acquired EDGE, a leading resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom's workforce intelligence solutions for the professional services industry and global capability centers (GCC). The sixth acquisition and addition to the Intelligent Talent Experience platform portfolio marks a significant step in Phenom's purpose to help a billion people find the right work. This acquisition demonstrates the company's expansion in the India market with its rapidly ...Read More >
Sagar (Madhya Pradesh): A banyan tree, believed to be 5,000 years old and spread over two acres in the Deori Kalan area, is 16km from the Sagar district headquarters. It is a storehouse of oxygen, say experts. A large number of people from different parts of the country flock to the 64-Yogini temple in this place. The temple is under the banyan tree. It stands as a rare treat to devotees visiting the temple. The pop roots of the tree are touching the ground. Thousands of bells are hanging from the branches of the banyan tree, which shows their faith in the temple and in the tree. The nation ...Read More >
KATRA: The Chairman of Guru Nanak Sewa Charitable Trust (GNSCT), Parvinder Singh Happy on Friday hailed the Prime Minister's visit to the holy town of Katra as a historic milestone for Jammu and Kashmir. The Prime Minister inaugurated a flagship railway line that will now directly connect Kashmir to the national railway network-an achievement the Chairman called a "remarkable step" by the Modi government. According to the Chairman, the direct rail connectivity to Kashmir will not only bridge physical distances but also open up vast economic opportunities for the region. The enhanced connecti ...Read More >
Nagpur: Warrior king Chhatrapati Shivaji Maharaj belonged to the entire country, but British history tried to confine him as a regional icon, said BJP leader and Rajya Sabha MP Sudhanshu Trivedi, who was in Nagpur on Friday to attend an event marking the 351st anniversary of Shivaji Maharaj's coronation. Trivedi told TOI at the event organized by Shivaji Maharaj Kruti Samiti that Shivaji Maharaj's contribution in 'safeguarding' the southern part of India from Mughal invasion must not be forgotten.Trivedi said, "Shivaji Maharaj belonged to all of us, entire country. Unfortunately, the British p ...Read More >