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.
Bhubaneswar: Dhirendra Mohanty, Secretary of Mahu Co-operative Society, Aul, Kendrapara, was apprehended by Odisha Vigilance today while accepting a bribe of Rs. 10,000 from a loanee farmer. Mohanty demanded the bribe to release a loan passbook and cheque book for an agricultural loan of Rs. 75,000, sanctioned on August 12, 2025, to the complainant and his father. According to the complainant, a poor farmer, Mohanty had been delaying the handover of the documents despite repeated requests. Initially, Mohanty demanded Rs. 20,000, but after negotiations, reduced the bribe to Rs. 10,000, threatening to withhold the documents unless paid by August 20, 2025. Frustrated by the harassment, the complainant reported the matter to Odisha Vigilance. Acting swiftly, Vigilance officials set up a trap and caught Mohanty red-handed while accepting the bribe. The entire sum of Rs. 10,000 was recovered and seized from his possession. Simultaneous searches are underway at two locations linked to Mohanty to investigate potential disproportionate assets. A case has been registered against Mohanty under Cuttack Vigilance.
Bengaluru: The Enforcement Directorate (ED) has handed over assets worth ₹3.82 crore to the Karnataka State Waqf Board following the conclusion of a money laundering investigation related to the misappropriation of fixed deposit funds. According to an official press release, the case began after Karnataka police registered an FIR against two officials of Vijaya Bank and Syed Siraj Ahmed, a First Division Assistant with the Waqf Board. The Waqf Board had issued two cheques worth Rs 4,00,45,465 to open fixed deposit accounts at Vijaya Bank. However, instead of being deposited as intended, the m ...Read More >
Ahmedabad: Banking operations in Gujarat came to a grinding halt on Wednesday as over 20,000 employees from nationalized and select private sector banks joined the all-India strike called by Central Trade Unions. The coordinated protest disrupted cash transactions, cheque clearances and customer servicing across 3,678 branches, affecting transactions worth an estimated Rs 15,000 crore, leaving traders, businesses and industrialists held up for important work.The strike drew participation from public sector bank employees and staff from private institutions such as Federal Bank, Karur Vysya Ban ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major step towards faster clearance of cheques, the Reserve Bank of India (RBI) has announced same-day and hourly cheque clearances in phases. According to the RBI's directive, issued on Wednesday to banks participating in the Cheque Truncation System (CTS) and the National Payments Corporation of India (NPCI), the new system will ensure that cheque processing, confirmation, and settlement take place in near real-time, significantly reducing delays for customers. Also Read | Who Is Sandeepa Virk? All About Influencer and Entrepreneur With 1. ...Read More >
Deputy commissioner of police (north) Raja Banthia said that the action was taken after a 31-year-old Sadar Bazar resident approached the cyber police, claiming he had been cheated of ₹36,050 on the pretext of being sanctioned an online loan. According to the police, the complainant, Mohammed Shuaib, was looking for a loan and had approached several banks when, on August 25, he received a WhatsApp call from an unknown number. The caller allegedly introduced himself as a loan agent and promised ...Read More >
NASHIK/SHIRDI: The Special Investigation Team (SIT) probing multiple cases against self-styled godman Ashok Kharat on Tuesday detained his son in Nashik for questioning and launched a search for his wife Kalpana, who remains untraceable, as reported by news agency PTI.Kharat, currently in police custody, is expected to be produced before a local court after his remand ends on Wednesday. Officials said the SIT reached Kharat's residence in Karmayogi Nagar and detained his son, Harshvardhan, who was later taken to the Maharashtra Police Academy for questioning. The move comes as the probe widens ...Read More >
New Delhi [India], April 4 (ANI): The Rouse Avenue court on Saturday reserved an order on the cognisance of the Enforcement Directorate's chargesheet against Robert Vadra and seven others. The court will pronounce an order on the cognisance on April 15. This case is connected with the Shikohpur Gurugram Land deal. Special Judge Sushant Changotra reserved order on cognisance after hearing rebuttal arguements by ASG S V Raju, assisted by Special Counsel Zoheb Hossain, Special Public Prosecutor NK ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
Mumbai, September 15: The National Payments Corporation of India (NPCI) has raised the Unified Payments Interface (UPI) transaction limits for person-to-merchant (P2M) payments to up to Rs 10 lakh in 24 hours for specified categories, effective from Monday. The move seeks to facilitate larger payments in key sectors and enhance digital adoption in high-value segments. The NPCI maintained the person-to-person (P2P) limit at Rs 1 lakh per day. Earlier users often encountered restrictions, forcing them to split payments or revert to traditional methods like cheques or bank transfers. Under the r ...Read More >
New Delhi: The National Payments Corporation of India (NPCI) has increased the UPI daily limit for person-to-merchant (P2M) payments to Rs 10 lakh, starting from Monday. This move is aimed at helping people make larger payments through UPI in sectors like insurance, loans, investments, and travel, where higher transaction amounts are often required. The person-to-person (P2P) UPI payment limit remains unchanged at Rs 1 lakh per day. Where Can You Use the Higher Limits? The updated UPI rules now allow users to pay up to Rs 10 lakh per day in certain categories. For example, if you are paying ...Read More >
Jabalpur (Madhya Pradesh): Two persons allegedly duped a woman of Rs 14 lakh on the pretext of selling a single-storied house in Sanjeevni Nagar locality. The victim, Madhubala Tiwari, filed a written complaint at Sanjeevni Nagar Police Station, stating that she wanted to buy a single-storied or duplex. Through an advertisement, she learned that Arena Developers was constructing and selling single-storied houses and duplexes. She contacted Sheikh Jilani at his office, who, along with Atul Sahu, claimed they were developing the properties on land owned by Satyendra Yadav. After inspecting th ...Read More >
Hyderabad: Nandamuri Balakrishna's Akhanda 2: Thaandavam was supposed to release on December 5. Premieres were planned in Telangana, Andhra Pradesh, and overseas. Governments had even approved special ticket hikes. A day before release, everything collapsed when the Madras High Court put a stay on the film. Online bookings were stopped, premieres were cancelled, and fans were left angry and confused. Adding fuel to the fire, BookMyShow briefly showed "Releasing in 2026" on the film's page. Screenshots went viral, memes flooded social media, and many wondered if the delay was for a year. Trade ...Read More >
Salman Khan (L) and Rajpal Yadav (R). ShowQuick Read Summary is AI-generated, newsroom-reviewed * Salman Khan supported Rajpal Yadav amid Rs 9-crore cheque bounce case controversy * An award show host's remark on Rajpal's case sparked criticism and social media praise * Rajpal said the controversial segment was meant as a broader commentary on global issues Did our AI summary help? Let us know. Switch To Beeps Mode Salman Khan came out in support of actor Rajpal Yadav after a remark at a ...Read More >
Mumbai, Apr 7 (PTI) Superstar Salman Khan on Tuesday came out in support of Rajpal Yadav after a joke over the comedian's financial troubles during an awards ceremony stirred up a media storm. Yadav on Sunday night attended the Chetak Screen Awards, where host Saurabh Dwivedi made a remark about the actor's Rs 9 crore cheque bounce case, which led to him being jailed briefly. The clip of the exchange has since gone viral on social media. Khan tagged Rajpal's official handle and said the veteran actor had been working in the industry for nearly 30 years and had repeatedly been sought out by f ...Read More >
New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Mumbai: Following public outrage, ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in urban areas. Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank. "We had introduced new requirements for the minimum Monthly Average Balance (MAB) for new Savings Accounts opened from August 1, 2025. Following valuable feedback from our customers, we have ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Dipak Majumder, Mayor of Agartala Municipal Corporation, giving insights into the incident, stated that a deposit of Rs 16 crore and 38 lakh had been mad ...Read More >
Dharwad: A total of 203 cases were settled out of the 1,189 taken up during the National Lok Adalat held at the high court's Dharwad bench on Saturday, resulting in a compensation award of Rs 3.4 crore.The Lok Adalat, held under the leadership of Justice Sunildutt Yadav addressed a wide range of cases including motor accident compensation cases, cheque dishonour appeals, civil matters, and writ petitions. Many of these cases had been pending resolution for several years. The settlement of long-pending disputes fostered cordial relations between the parties involved, aligning with the objective ...Read More >
New Delhi, Oct 16 (PTI) Quick commerce major Zepto on Thursday said that it has raised USD 450 million (about Rs 3,757.5 crore) in a funding round led by the California Public Employees' Retirement System (CalPERS) at a valuation of USD 7 billion. The funding comes nearly a year after its USD 350 million funding round in November last year, which valued the firm at USD 5 billion. "We've closed nearly USD 450 million, and most of that is primary. The valuation of the company was USD 7 billion by the time it closed. A couple of investors participated, but the largest cheque individually came f ...Read More >
New Delhi [India], April 2 (ANI): The Rouse Avenue court sentenced Congress MLA Rajender Bharti to 3 years imprisonment and imposed Rs. One lakh fine. Another Convict is also sentenced to 3 years imprisonment and a fine of Rs. 2.5 lakh has been imposed on him. They were convicted by the court in the Gramin Vikas Bank Fraud case. However, the court has granted bail to both convicts to challenge the judgement before Delhi High Court. Bharti is a Congress MLA from Datia, Madhya Pradesh. This case was transferred to Delhi by the Supreme Court on a plea moved by Bharti. Special Judge (MP -MLA) ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Hyderabad: Telangana chief minister A Revanth Reddy on Friday, July 18, handed over interest-free loan cheques worth Rs 344 crore to 3,52,635 Self Help Groups (SHGs) under the Stree Nidhi scheme across the state. The Stree Nidhi scheme provides timely and affordable credit to SHGs in rural and urban areas. In the Kollapur constituency alone, interest-free loan cheques worth Rs 6.33 crore were handed over to 2,671 SHGs and cheques worth Rs 41.61 crore for bank loans to 570 SHGs. Additionally, CM Revanth presented a Rs 20 lakh accident insurance cheque to a beneficiary and handed over a loan ...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 >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Also Read | Durga Puja 2025: Devotees Gather at Temples To Offer Prayers on Maha Ashtami Across West Bengal (Watch Videos). https://x.com/dir_ed/status/1972968969436041365 ...Read More >
Mumbai, Feb 16 (SocialNews.XYZ) Actor Rajpal Yadav, who had surrendered to the police after the Delhi High Court directed him to do so in connection with multiple cheque bounce cases, has been granted interim bail by Delhi High Court till March 18,2026. The actor has got the interim release to attend his niece's wedding in Shahjahanpur. Rajpal Yadav's lawyer informed the HC that he has submitted a DD of Rs 1.5 crore. The actor has been ordered to surrender his passport. The next hearing is on March 18. Earlier, the actor's manager, Bhaskar Upadhyay had said that half the amount in the financ ...Read More >
New Delhi [India], July 12 (ANI): Delhi Chief Minister Rekha Gupta on Friday distributed compensation cheques to people who lost their shops in the fire that broke out at Dilli Haat, INA on April 30. She said that the Delhi government has provided financial assistance of Rs 5 lakh each to the 24 artisans affected by the incident. This new government of Delhi (BJP government) has provided compensation of Rs 5 lakhs to the 24 affected people within 60 days of the incident. We have also waived off their rent for their shops. If we do not provide help to the people promptly, it is of no use to t ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, Announces RBI. ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to Rs 50,000. The private sector lender has now reduced the MAB requirement to Rs 15,000. The bank had in July revised the minimum average balance requirement for select account categories from Rs 10,000 to Rs 50,000. The revision, which was scheduled to come into effect from September 1, has now been substantially moderated for all categories. The bank has revised th ...Read More >
Chandigarh (Haryana) [India], October 16 (ANI): In a heartfelt tribute, both daughters of Haryana-cadre IPS officer Y. Puran Kumar performed the 'mukhagni' to his mortal remains during his last rites at the Sector 25 crematorium. The solemn ceremony was attended by Haryana DGP OP Singh, along with other dignitaries, honouring the legacy of the esteemed officer. Puran Kumar allegedly shot himself at his residence in Chandigarh on October 7. In the 'final note' he left behind, he accused eight senior cops, including Haryana director general of police Shatrujeet Kapur, of "blatant caste-based ...Read More >