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, Aug 25 (PTI) President Droupadi Murmu on Monday said that India would be happy to share its experiences in initiatives such as Unified Payments Interface (UPI) systems, 'Jan Dhan', and Aadhaar with Fiji. As part of our modern and multifaceted partnership, India is privileged to partner in the socio-economic development of Fiji with a particular focus on Fijian priorities such as health, capacity building and training, and climate resilience, she said. Her assertion came during a meeting with Fijian Prime Minister Sitiveni Ligamamada Rabuka and his delegation, who had called on Murmu at the Rashtrapati Bhavan here. The President said that capacity building has always been an important pillar of India-Fiji relations, including through the Indian Technical and Economic Cooperation (ITEC) training programmes for Fijian officials in Indian institutions. She noted that digital technologies have brought about a revolution in financial inclusion in India, and that we would be happy to share with Fiji our experiences in initiatives such as UPI systems, 'Jan Dhan', and Aadhaar, a statement issued by the President's office said. Murmu said that India remains committed to strengthening its relations and development partnership with the Pacific Island Countries (PICs), among which Fiji remains a special partner. She said that a Memorandum of Understanding (MoU) on establishing a super-speciality hospital in Fiji has been signed today, marking a milestone in our shared vision for enhanced healthcare cooperation. Underlining the long-standing relationship between India and Fiji, characterised by strong people-to-people ties, the President said that the contributions of the Girmitiya community have been significant in not only upholding our strong bonds but also shaping Fiji's multicultural identity, diverse society and economy. Murmu fondly recalled her meeting with the Fijian Prime Minister during her State Visit to Fiji in August 2024 as well as the beautiful traditional welcome extended to her by the indigenous tribal elders. Recalling her interactions with members of the vibrant Indian origin community, she appreciated the vital role they play in deepening understanding and friendship between the two countries. The President was happy to note that the government of Fiji has prioritised strengthening relations with India, which is evident in the strong momentum in our engagements in recent times. Both leaders expressed confidence that this visit will open new avenues for cooperation, which will benefit the people of both countries, the statement said. Rabuka arrived in Delhi on Sunday on a three-day trip. PTI AKV NB
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
New Delhi, Dec 14 (IANS) The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'showcasing its transformative impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and quicker alternative to the available channels of cross-border remittances. UPI has succeeded in increasing financial inclusion and promot ...Read More >
Delhi Election 2025: A heated controversy has erupted following remarks made by Congress leader Sonia Gandhi about President Droupadi Murmu after her address in Parliament. Priyanka Gandhi has stepped in to defend her mother, asserting that the comments were misinterpreted. The issue originated from a video clip where Sonia Gandhi was speaking informally with her children, Rahul Gandhi and Priyanka. In the clip, she commented on President Murmu's noticeable fatigue at the end of her lengthy speech, saying, "The poor lady, the President, was getting very tired by the end... she could hardly sp ...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 >
Hyderabad, Jun 6 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said BRS president K Chandrasekhar Rao should face an inquiry by the judicial commission on the Kaleshwaram project instead of attacking the Congress government. Addressing a public meeting after attending various development programmes in Yadadri-Bhuvanagri district, he referred to the judicial panel summoning KCR and the BRS criticising the state government on the matter. Also Read | Water Cut in Pune: Supply Suspended in South Pune on June 12 Due to Maintenance Work; Check Affected Areas. The judicial commission is ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
Bhubaneswar, Jan 31 (PTI) Odisha Chief Minister Mohan Charan Majhi on Friday demanded an immediate apology from the Opposition Congress over the remarks of party leaders Sonia Gandhi and Rahul Gandhi on President Droupadi Murmu and said those were insults for the people of Odisha and the Santal community also. Majhi expressed his opinion on the ongoing debate over the alleged disrespect to the country's first tribal woman President through a long post on X. "Sonia Gandhi's comment, 'Poor lady President Murmu got tired at the end,' and Rahul Gandhi's 'boring' remarks are not just insults to I ...Read More >
Guwahati, Jun 5 (PTI) Assam Chief Minister Himanta Biswa Sarma on Thursday said that the caste census will greatly benefit the indigenous Muslim community living in both the Brahmaputra and Barak Valley in the state. The Centre on Wednesday announced that India's 16th Census with caste enumeration will be carried out in 2027. The indigenous Muslim communities of Assam have been demanding for a long time, a caste-based census to assert their distinct socio-cultural identities, the chief minister said on the sidelines of the World Environment Day programme here. ''The proposed caste enumerati ...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 >
New Delhi, Jun 6 (PTI) Infrastructure major Larsen & Toubro (L&T) on Friday said it will raise Rs 500 crore through ESG bonds. An ESG bond is a debt security that funds an environmental, social, or governance goal. "Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (Sebi's) newly introduced ESG and sustainability-linked bond framework," the company said in a statement. HSBC is acting as the sole lead arranger in the transaction, it said. As part of the ESG bond deal, the ...Read More >
New Delhi, Dec 18 (PTI) The Rashtrapati Nilayam, one of the two presidential retreats, in Telangana's Secunderabad will host a 15-day flower and horticulture festival, 'Udyan Utsav', from December 29. People could make themselves aware about the innovation and technological development in agriculture and horticulture by visiting thematic stalls and participating in the workshops, according to an official statement issued on Wednesday. The Udyan Utsav, organised in collaboration with the Department of Agriculture and Farmers Welfare, the National Institute of Agricultural Extension Management ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and rece ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
Itanagar, Dec 5 (PTI) The Arunachal Pradesh government has inked a memorandum of agreement (MoA) with the Indian Army for the maintenance and upkeep of the Major Ralengnao Bob Khathing Museum of Valour in Tawang district. The memorandum was signed by Tawang Deputy Commissioner Kangki Darang and Brigadier VS Rajput of the 190 Mountain Brigade on Wednesday in the presence of Chief Minister Pema Khandu. With this agreement, the museum will be effectively managed solely by the Indian Army, an official statement said here on Thursday. On the occasion, Khandu paid tributes to Sardar Vallabhbhai P ...Read More >
Mumbai, Dec 17 (PTI) Agri-solutions provider Coromandel International and Mahindra and Mahindra's farm equipment sector business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive. Currently operational in seven key states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh, Gromor Drive's operations are supported by RPTO-trained pilots, according to a joint statement. Coromandel's drone services are positioned in the market through the support of its subsidiary, Dhaksha Unmanned Sy ...Read More >
Extensive preparations are on in Mangalagiri for the first-ever convocation of AIIMS, scheduled for December 17, where President Droupadi Murmu will be the chief guest. District Collector S. Nagalakshmi, along with AIIMS director Madhabananda Kar, Joint Collector A. Bhargav Teja and Tenali Sub-Collector V. Sanjana Simha, held a review meeting with AIIMS officials and other district officers on Thursday evening at the AIIMS auditorium to oversee the arrangements. During the meeting, Collector Na ...Read More >
New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...Read More >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealerships, customer locations, and high-traffic public spaces, the company said in a statement. "This str ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Kolkata: On the 13th day of teachers' protest outside Bikash Bhavan, the protesting teachers split among themselves and formed a new platform. At least 2,500 protesters stood by the chief minister, as stated in a press conference by education minister Bratya Basu on Monday. Reacting to a question from media, Basu said in Titagarh, "I will trust those who have written to me expressing their faith in the chief minister."The new organisation formed was named the West Bengal Untainted Teachers Associ ...Read More >
Bhubaneswar, Dec 3 (PTI) President Droupadi Murmu on Tuesday arrived in Odisha and unveiled a statue of Santali writer and educator Pandit Raghunath Murmu here. She also visited the Adim Owar Jarpa Jaher, a sacred place for Santals, in Bhubaneswar and offered prayers. The President was accorded a warm welcome at Biju Patnaik International Airport (BPIA), where she landed on a special aircraft of the Indian Air Force (IAF) to commence her five-day visit to Odisha. She was received at the airport by Governor Raghubar Das, Chief Minister Mohan Charan Majhi and other dignitaries. People standi ...Read More >
Vadodara, Jan 17 (PTI) Karun Nair's exploits in the Vijay Hazare Trophy was on Friday termed "nothing short of extraordinary" by batting legend Sachin Tendulkar, who urged the Vidarbha skipper to "keep going." Nair has been on a roll in India's premier 50-over domestic competition, averaging a mind-boggling 752 in seven innings after amassing 752 runs with five centuries and one fifty. Also Read | 'Every Moment Was Like a Dream': Kartik Aaryan Captures Dream Moment With President Droupadi Murmu and Murlikant Petkar at Rashtrapati Bhavan. "Scoring 752 runs in 7 innings with 5 centuries is no ...Read More >
New Delhi, Jan 31 (PTI) Prime Minister Narendra Modi Friday launched a sharp attack on the Aam Aadmi Party, accusing it of stalling Delhi's development while treating the city as its "political ATM" to fund its ambitions in other states and using the "looted" money for its own publicity. Addressing a public rally in Dwarka here, he urged people to vote for the BJP in the Assembly polls and allow him to serve them. Modi stressed that Delhi does not need a confrontational government but one that works in coordination with the Centre. The prime minister urged voters to elect a "double-engine go ...Read More >
New Delhi, Jun 5 (PTI) In a move to position India as the global epicentre of traditional medicine and wellness, the government of India has launched the Ayush Nivesh Saarthi portal. The portal was launched on May 29 during the Ayush Stakeholder/Industry Interaction meet held at Vanijya Bhawan here, an Ayush Ministry statement said. The portal was jointly unveiled by Union Minister of Commerce and Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav. The event brought together senior government officials, industry leaders, and global stakeholders ...Read More >
Kolkata, Jun 6 (PTI) West Bengal Chief Minister Mamata Banerjee on Friday wished the people on the occasion of Eid-ul-Adha. "Eid Mubarak! My heartfelt greetings to everyone on the occasion of Eid-ul-Adha," Banerjee posted on X. Also Read | Water Cut in Pune: Supply Suspended in South Pune on June 12 Due to Maintenance Work; Check Affected Areas. Eid ul-Adha, also called Bakrid, is the second of the two main festivals in Islam, alongside Eid al-Fitr. The festival celebrates the devotion of Prophet Ibrahim, who was willing to sacrifice his son in obedience to God's command. The crescent moon ...Read More >
Koraput, Dec 6 (PTI) Thirty-six-year-old Raimati Gheuria, a tribal woman from Odisha's Koraput district who has conserved 72 varieties of traditional rice and 30 types of millet has been conferred with an honorary doctorate by Odisha University of Agriculture and Technology (OUAT) for her remarkable contributions to agriculture. President Droupadi Murmu conferred the honorary doctorate to Raimati at the 40th Convocation of OUAT on Thursday. Raimati of Nuaguda village in Koraput district, affectionately known as 'Mandia Rani' or 'Millet Queen', has been known for her relentless efforts in pre ...Read More >