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.
Srinagar: Amid a heavy downpour, Mohammad Muzamil left his home in north Kashmir's Sopore and travelled 50 kilometres to Srinagar, hoping to begin a career in public service. The engineering graduate was one among 15,000 applicants for the Junior Engineer (Electrical) post, a job that would have allowed a stable career in the Union Territory's power utility. But Muzamil's maiden experience with the Jammu and Kashmir Service Selection Board (SSB), which is responsible for filling non-gazetted posts, left him disillusioned. "Psychologically, it is very difficult for me to appear in exams again. I was advised by friends not to appear in the exam as they had their own experience. But despite that, I prepared for the exams for the last five months. But it was a mental trauma, and I cannot forget the experience as they could not manage it properly," he told ETV Bharat. The 29-year-old bachelor has decided to continue teaching Physics for higher secondary students and competitive exams at tuition centres after the examination by the Board was cancelled at 35 centres on August 24, following the paper leak row. The OMR-based written exam was the first recruitment drive for electrical graduates in a decade. Earlier this year, 292 Junior Electrical Engineers posts were advertised across Jammu and Kashmir. But the exam has been cancelled by the Board now, citing inclement weather, stating that the examination was successfully conducted at 34 venues, but could not be conducted at one venue. The examination will be conducted afresh, it said. This comes as Jammu and Kashmir has the highest unemployment rate at 6.7 per cent, almost double the national average of 3.5 per cent, according to the Baseline Survey Report 2024-25 under Mission YUVA (Yuva Udyami Vikas Abhiyan), which cited the Periodic Labour Force Survey (PLFS) 2023-24. For the last six years, the board has been mired in controversies over allegations of leaks and scams. This is the fourth time that the Board has faced allegations, leading to scrapping of previous three examinations since 2022. In 2022, Jammu and Kashmir police sub-inspector (SI), assistant accounts in the finance department and junior engineers were scrapped. The exams, which had seen more than 200,000 candidates apply for over 2,000 posts, were conducted by a private firm, Merittrac Services Private Limited. The SI exams case was handed over to Central Bureau of Investigations for the probe after the official panel led by a chief secretary rank officer revealed criminal conspiracy amongst officials of JKSSB, Merittrac, the beneficiary candidates and other accused, causing gross irregularities in the conduct of the examination. These allegations in a row have eroded trust of aspirants like Samar from the Board, who sat for the first time in exams after completing her bachelor's from the National Institute of Technology last year. At Government Degree College in Srinagar, which was one of the centres in the Valley, Samar said they were handed paper but were asked to return immediately.
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
Kolkata, Jan 21 (VOICE) The West Bengal government on Tuesday approached the Calcutta High Court, challenging the special court's verdict sentencing Sanjay Roy, convicted in the rape and murder of a junior doctor of state-run R.G. Kar Medical College and Hospital, to life imprisonment. State Advocate General Kishor Datta has approached the division bench of Justice Debangshu Basak and Justice Shabbar Rashidi seeking a "death penalty" for the convict. The division bench has admitted the petition from the state government. After the court pronounced the quantum of sentence, Chief Minister Mama ...Read More >

Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...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 >
Srinagar: The Centre on Tuesday announced new reservation and domicile policies for Ladakh, reserving 85% jobs for locals and one-third of the total number of seats in the Ladakh Autonomous Hill Development Councils for women. Both Kargil Democratic Alliance (KBL) and Apex Body Leh (ABL), which are fighting for implementation of the Sixth Schedule of the Constitution in the Union Territory (UT), statehood, a separate public service commission and two Lok Sabha seats for Ladakh, welcomed the noti ...Read More >

Patna: Jan Suraaj chief Prashant Kishor speaks during the 'Bihar Badlav' rally, in Patna, Friday, April 11, 2025. "Declare Nitish Kumar as the Chief Minister candidate if he is the face of the NDA," challenged Jan Suraaj Party (JSP) founder Prashant Kishor on May 30, as he toured the state in his 'Bihar Badlav Yatra'. Mr. Kishor, a political strategist, who was instrumental in strategising several political campaigns, including those of Prime Minister Narendra Modi and Nitish Kumar, is setting himself up as a third alternative in Bihar beside the Mahagathbandhan (RJD-Congress-Left) and the Na ...Read More >

Katra, June 6 (UNI) Prime Minister Narendra Modi on Friday said Pakistan engineered Pahalgam terror attack to hurt Kashmir's economy and brotherhood in the country, but its evil designs failed and Indian Armed Forces hit the neighbouring country deep inside. "Pakistan attacked both humanity and Kashmiriyat in Pahalgam. Its intention was to incite riots in India and disrupt the livelihoods of hardworking Kashmiris. By attacking tourists, Pakistan aimed to damage the region's economy and peace," Modi said while addressing a massive gathering. Recalling the start of Operation Sindoor exactly a ...Read More >

Katra/Jammu, Jun 5 (PTI) Union minister Jitendra Singh on Thursday lauded Prime Minister Narendra Modi for ensuring a speedy completion of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project after taking office in 2014 and said it marks the beginning of a historic journey in setting up the world's highest railway bridge in Jammu and Kashmir. On Friday, Prime Minister Narendra Modi is scheduled to inaugurate the world's highest railway bridge over the Chenab river and the Anji Khad bridge, India's first cable-stayed bridge, before flagging off Vande Bharat trains to mark the completio ...Read More >

New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >

Srinagar, Jun 6 (PTI) The Jammu and Kashmir unit of BJP on Friday described the completion of the Udhampur-Baramulla rail link as a "historic moment", and called the project a "precious Eid gift" for the people of the Union Territory. "The Udhampur-Baramulla railway connectivity is not just a feat of engineering, but a symbol of hope, development, and national integration.This is truly a historic moment for Jammu and Kashmir," BJP's J-K spokesperson Altaf Thakur said here. He said the ambitious rail project will revolutionise travel in the region, boost tourism, and open up economic opportun ...Read More >
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height of 359 metres from Chenab river, which means it is 29 metres higher than the Eiffel Tower of Paris, w ...Read More >
New Delhi, December 15: The 'One Nation, One Election' Bill, officially known as the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, will not be tabled in the Lok Sabha on Monday. The Revised Business List of the Lower House for the day does not mention the Bill. The first list had scheduled the Bill for Monday. It mentioned, "... Arjun Ram Meghwal to move for leave to introduce a Bill further to amend the Constitution of India. Also to introduce the Bill." One Nation, One Election: Union Cabinet Approves Bills for Simultaneous Lok Sabha, State Assembly Elections, Say Source ...Read More >
Rajouri: State Health Department teams are continuing door-to-door surveillance in Badhal village as the mystery illness in Rajouri district in Jammu and Kashmir continues to claim lives. This after an 'unidentified' disease has claimed 16 reported fatalities and 38 affected individuals According to reports, NCDC (National Centre for Disease Control), ICMR (Indian Council of Medical Research) teams have been deployed for investigation as 16 deaths have been reported in Budhal village since December 2024 due to a 'mysterious illness.' Dilmir Choudhary, ADC Kotranka said, "Since December, we h ...Read More >

KATRA, Jun 5: Lieutenant Governor Shri Manoj Sinha inspected arrangements in Katra on Thursday ahead of Hon'ble Prime Minister Shri Narendra Modi's scheduled Public Meeting on 06th June. The Lieutenant Governor reviewed the preparations to ensure the smooth conduct of the event and directed the officials for strict security, safety measures and seamless coordination among all departments. Hon'ble Prime Minister will dedicate the iconic Chenab Bridge, the tallest railway bridge in the world, Country's first cable-stayed Anji rail bridge and Udhampur-Srinagar-Baramulla Rail Link (USBRL) project ...Read More >

Srinagar: Railway stations across the Kashmir Valley have been beautifully decked out as preparations peak for Prime Minister Narendra Modi to flag off the inaugural Delhi-Srinagar Vande Bharat Express -- the first-ever train connecting the valley directly to the rest of India. This landmark train will depart from Delhi and travel through Katra, the gateway to the revered Mata Vaishno Devi shrine, before reaching Srinagar. The event marks the successful culmination of one of India's most ambitious infrastructure projects, featuring two engineering marvels: the world's highest railway bridge o ...Read More >

New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >

SRINAGAR/KATRA: Chief Minister Omar Abdullah on Friday expressed optimism about Jammu and Kashmir's statehood being restored sooner than later. Terming the Centre's splitting the erstwhile state of J&K into two Union territories in August 2019 as "demotion", Abdullah said, "I was the Chief Minister of a state. Now I'm the Chief Minister of a Union Territory. But I firmly believe that this will be corrected very soon -- and it will be under your leadership and with your support, Mr. Prime Minister, that Jammu and Kashmir will once again regain the status of a full-fledged state." The Chief Min ...Read More >

NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >

Katra, Jun 6 (PTI) As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will inevitably affect business in Jammu. The government must look into this aspect," Jammu Traders' Associ ...Read More >

Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >

Jammu: Prime Minister Narendra Modi on Friday described the completion of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) as a historic milestone and a symbol of national integration, as he flagged off the first Vande Bharat train between Katra and Srinagar. Speaking at a massive public gathering in Katra, Modi called the moment "a grand celebration of India's unity and willpower." "With the blessings of Mata Vaishno Devi, Kashmir has now been connected to India's vast railway network," he said. "For decades, the phrase 'Kashmir to Kanyakumari' has represented a dream of national unity -- ...Read More >
JAMMU, Nov 17: Maharashtra police along with Military Intelligence and Army have arrested nine persons hailing from the border district of Rajouri for taking up jobs as security guards in different cities in Maharashtra and carrying weapons with fake licenses. Nine 12-bore rifles and 58 bullets have been recovered from their possession. Follow the Daily Excelsior channel on WhatsApp The arrests were made during a joint operation of Ahilyanagar (formerly Ahmednagar) police in Maharashtra, Southern Command and Military Intelligence on the basis of tip off that some persons from Rajouri distric ...Read More >
Srinagar, Dec 4 (PTI) Jammu and Kashmir Police on Wednesday attached properties worth more than Rs 3 crore belonging to two alleged drug peddlers in Srinagar, officials said. "Reinforcing the ongoing efforts against drug peddlers/smugglers, police in Srinagar has attached properties worth more than Rs 3 crore belonging to two drug peddlers under Section 68 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act," a police spokesman said. Giving details, he said the police attached a three-storey residential building belonging to Abdul Ahad Bhat at Banpora Batamaloo worth Rs 65 lakh. Bh ...Read More >
New Delhi [India], January 22 (ANI): The Supreme Court on Wednesday issued notice to the Madhya Pradesh government on a plea seeking a CBI/SIT investigation into the murder of a 20-year-old Dalit woman along with her two family members in Madhya Pradesh's Sagar. A bench of Justices JK Maheshwari and Aravind Kumar sought a response from the Madhya Pradesh government and CBI on the plea also seeking immediate and effective police protection for the members of the family of the deceased. Also Read | Suicide Pact Tragedy: Pregnant Teenage Girl Jumps off 3rd Floor of Building in Surat, Lover Who ...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 >

New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >

Srinagar, Jun 6 (PTI) The Jammu and Kashmir unit of BJP on Friday described the completion of the Udhampur-Baramulla rail link as a "historic moment", and called the project a "precious Eid gift" for the people of the Union Territory. "The Udhampur-Baramulla railway connectivity is not just a feat of engineering, but a symbol of hope, development, and national integration.This is truly a historic moment for Jammu and Kashmir," BJP's J-K spokesperson Altaf Thakur said here. Also Read | Bodoland Lottery Result Today, June 06, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declared, ...Read More >
The West Bengal Health Department on Monday (January 13, 2024) admitted to a lapse and said that they will take strict action against anyone found guilty in the administration of expired saline at Medinipur Medical College and Hospital. The government has roped in the Criminal Investigation Department (CID) to probe the "lapse" which led to one woman's death and three others remained critical. Five women were administered Ringer's Lactate (RL) on the Intravenous (IV) fluid which had allegedly expired. All of them fell critically ill and one of them died after delivering a baby. Three of the ...Read More >

Bengaluru, 26th May 2025: The Ministry of Skill Development and Entrepreneurship (MSDE) will convene the 38th Meeting of the Central Apprenticeship Council (CAC) on 26th May 2025 at Vigyan Bhawan, New Delhi. The Council, reconstituted in October 2024 under the chairmanship of Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), MSDE, plays a pivotal role in advising the Government on key policies related to apprenticeship training across the country. The last CAC meeting was held in June 2021. Since then, India's apprenticeship landscape has evolved considerably -- with over ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...Read More >