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 26 (SocialNews.XYZ) Cadillac have signed veteran duo Sergio Perez and Valtteri Bottas to be their drivers when the team joins the Formula 1 grid for the first time in 2026. The American squad, who are backed by General Motors and will be led by former Marussia Sporting Director Graeme Lowdon, will become the sport's 11th team next season. Cadillac have opted for experience with their line-up, signing 'Checo' Perez and Mercedes reserve Bottas - who boast 527 Grand Prix starts and 16 Grand Prix wins between them - on multi-year deals. It marks a remarkable return for the veteran duo, both 35, after they lost their respective F1 race seats at the end of last season. Perez took some time out to consider his future goals and spend time with his family after leaving Red Bull, while Bottas stayed in the paddock as a reserve for Mercedes following his Sauber exit. Mexican Perez brings immense F1 experience, having competed for Sauber, McLaren, and Force India/Racing Point before moving to Red Bull, where he helped the team win the Teams' Championship in 2022 and 2023. "Joining the Cadillac Formula 1 Team is an incredibly exciting new chapter in my career," said Perez. "From our first conversations, I could sense the passion and determination behind this project. "It's an honour to be part of building a team that can develop together so that, in time, we will fight at the very front. Cadillac is a legendary name in American motorsport, and to help bring such a fantastic company to Formula 1 is a huge responsibility, one I'm confident of taking on. "I'm proud to be part of such an ambitious and meaningful project from the very beginning. I'm really pleased to be part of such a dynamic line-up, and together I believe we can help shape this team into a real contender, the team of the Americas. We're counting on support from across the continent - and we want to make everyone proud." Finland's Bottas enjoyed incredible success at Mercedes, playing a key role in the Silver Arrows winning the Teams' Championship every year from 2017 to 2021. "From the moment I began speaking with the Cadillac Formula 1 Team, I felt something different - something ambitious but also grounded," said Bottas. "This isn't just a racing project; it's a long-term vision. "It's not every day that you get a chance to be part of something being built from the ground up and helping shape it into something that truly belongs on the F1 grid. "I've had the honour of working with some of the best teams in the world, and I can already see the same professionalism and hunger here. "This is an iconic brand with a big legacy in American motorsport, and to be a part of the story as it enters the world stage of F1 is incredibly special for me. I'm looking forward to representing the American spirit of racing on the greatest circuits in the world. I'd also like to thank Mercedes for their unwavering support and sportsmanship in facilitating such an exciting step."
Max has recalled one particular argument that he had with his dad in 2012 Max Verstappen has recalled a major bust-up with his father that led to him being left at a petrol station. Verstappen sealed his fourth F1 world title at the Las Vegas Grand Prix over the weekend, and has dominated the sport in recent years. His dad, Jos, a former F1 driver in his own right, has been with him every step of the way, but their relationship has not always been a perfect one. Max, 27, has now opened up on the time Jos drove off without him after he blew his chance to win the Karting World Championship w ...Read More >
New Delhi: Following the news of Team Principal and CEO Christian Horner being let go by Red Bull Racing, four-time reigning champion Max Verstappen took to social media to bid him farewell. Recent reports suggest that Verstappen is in talks with Mercedes over a potential switch next season after what can only be described as a poor ongoing year, given the standards set by the Dutchman. It is speculated that Red Bull's decision may have to do with Horner's departure. "From my first race win to four world championships, we have shared incredible successes. Winning memorable races and breaking ...Read More >
Geri Halliwell-Horner celebrated her mum Ana's 80th birthday by dancing to ABBA songs in the garden during a wholesome girls' night. The former Spice Girl and her loved ones saw in another year for Ana by having a well-needed girly get together on Sunday. Geri shared a heartfelt post on Instagram where she thanked her Spanish mum for the music in a nod to the iconic ABBA ballad. A group of nine women were all laughing and cheering in the sunset as they sang to two different ABBA hits - includi ...Read More >
NEW DELHI: The Formula 1 paddock has been witness to a very sombre version of Lando Norris in the past couple of months. Jovial and often seen having a laugh with fellow drivers and teammates, the 25-year-old has been more reserved, politically correct and not displaying too much emotion since the mechanical failure of his McLaren at the Dutch Grand Prix on August 31. That DNF (did not finish) was a crucial moment in the F1 title race with the Briton falling 34 points behind teammate and championship leader Oscar Piastri. Since then, Norris has been quieter, more composed and calm even when h ...Read More >
Mahesh Narayanan will direct NK 370, a feature film about Narain Karthikeyan's journey to becoming India's first Formula One driver. Filmmaker Mahesh Narayanan, known for his work in "Take Off," "Malik," and Locarno title "Ariyippu," is set to direct the tentatively titled "NK 370", chronicling the extraordinary journey of Narain Karthikeyan, India's first Formula One driver. "Motorsport gave me everything. This film gives that story to the world," said Karthikeyan. The film follows Karthikeyan ...Read More >
IMAGE: McLaren could clinch their first constructors' crown since 1998 on Sunday if they outscore Ferrari by 21 points at the Qatar F1 Grand Prix. Photograph: Henry Romero/Reuters Ferrari and McLaren, Formula One's oldest rivals, take their constructors' title fight into a penultimate round in Qatar this weekend with both battling to end years of waiting to be champions again. After Red Bull's Max Verstappen celebrated his fourth successive drivers' title in Las Vegas last Saturday, the focus switches to a different desert and the hopes of Maranello and Woking. McLaren -- the team of past c ...Read More >
Chennai: Madras high court has clarified that private self-financing medical colleges are required to pay only a stipend, and not a full salary, to in-service govt doctors pursuing postgraduate or super-specialty courses under the govt quota.A division bench of Justice R Subramanian and Justice K Surender passed the order while partly allowing a batch of appeals moved by Karpaga Vinayaga Medical College and others. They challenged a single judge's order that directed private colleges to pay salaries to in-service doctors studying in their institutions.The appeals were moved based on a GO dated ...Read More >
Mumbai (Maharashtra) [India], July 15 (ANI): Following India's loss at Lord's during the third Test against England, former England captain Sourav Ganguly expressed his thoughts on team's loss despite the batting quality available and hailed all-rounder Ravindra Jadeja for putting up a brave fight with support from tailenders, Jasprit Bumrah and Mohammed Siraj towards the end. India endured one of their most heartbreaking losses in a while at Lord's, now trailing in the series by 1-2. After being reduced to 82/7 in pursuit of 193, Jadeja put up a brilliant fight with the lower-order consistin ...Read More >
New Delhi, Oct 15: Ahmedabad was on Wednesday recommended as the proposed host of the 2030 Commonwealth Games by Commonwealth Sport's Executive Board, paving the way for the big event's return to India after two decades and bolstering its ambition to be an Olympic host in 2036. A final decision, which now seems a mere formality, will be taken on November 26 at the body's General Assembly in Glasgow after the recommendation is sent to the full membership of Commonwealth Sport. India had hosted the Games for the first time back in 2010 in New Delhi. Getting the Games' hosting rights would also b ...Read More >
New Delhi: Alpine have announced that Jack Doohan, who is set to join Alpine from next season, will be replacing the outgoing Esteban Ocon for the final race of the season at Abu Dhabi. BWT Alpine Formula One Team announces that reserve driver Jack Doohan will race in the 2024 Abu Dhabi Grand Prix in place of Esteban Ocon. The change allows Esteban to be released to Haas to drive in the post-season test in Abu Dhabi," read the statement by the team. Ocon, who has been a key driver for Alpine for five years, is already confirmed to leave the team at the end of the 2024 season to join Haas. In ...Read More >
MARTOLI, India (AP) -- Dozens of dilapidated stone buildings are what is left of the once-thriving border village of Martoli, in the northern Indian state of Uttarakhand. Nestled in Johar Valley and surrounded by Himalayan peaks -- the most notable being Nanda Devi, once considered the tallest mountain in the world -- this village had traded sugar, lentils, spices and cloth for salt and wool with Tibetans across the border. The nomadic occupants of several villages spent the winter months in the plains collecting goods to be traded with Tibetans in the summer. But the border was sealed after ...Read More >
New Delhi, Feb 4 (VOICE) As the 2025 Formula 1 season approaches, Mercedes driver George Russell has laid out his key goals for the year, with a focus on improving his race pace after an impressive 2024 season in terms of qualifying performance.Despite Mercedes' mixed fortunes in 2024, Russell outperformed his seven-time World Champion teammate Lewis Hamilton in qualifying, winning the head-to-head battle 18-6. However, his race-day performances did not always match his one-lap speed, prompting the 26-year-old Briton to focus on turning his strong qualifying results into consistent race perfor ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) Lewis Hamilton has urged McLaren duo Oscar Piastri and Lando Norris to be "cut-throat" if they are to beat Max Verstappen to the 2025 Formula 1 Drivers' Championship, warning that the Red Bull star will "take this from them" if they don't match his ruthlessness. With five races remaining, the title race has become a close three-way contest -- Verstappen's recent surge of three wins in four races has closed the gap to within 40 points of the leader, while Norris is just 14 points behind team-mate Piastri ahead of this weekend's Mexican Grand Prix. Hamilton, ...Read More >