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.
LAHORE/SRINAGAR (Reuters) -Pakistan's eastern towns of Chiniot and Hafizabad face a risk of catastrophic floods if an irrigation barrage crumbles on a major river upstream after heavy rains swelled it beyond capacity, officials warned on Thursday. Nuclear-armed neighbours India and Pakistan are battling torrential monsoon rains that have unleashed flash floods, swelled rivers and filled dams, with 60 deaths this month in Indian Kashmir, and Pakistan's toll at 805 since late June. Any flooding blamed on India stands to inflame relations between the archfoes, embroiled in a tense stand-off since a brief conflict in May that was their worst fighting in decades. The waters of the Chenab river in Pakistan's sprawling province of Punjab threatened to burst through a 3,300-foot (1,000-m) concrete barrage at Qadirabad that regulates flows, siphoning them into a canal irrigation network. "It is a crisis situation," said a technical expert at the National Disaster Management Authority, adding that the collapse of the barrage could wash away the towns, home to more than 2.8 million. "Under the constant supervision of experts and administration, the water level is receding, but it is still not beyond danger levels," added the official, who sought anonymity as he was not authorised to speak to the media. The threat comes as India's release of excess water this week from its dams swelled river flows downstream in its neighbour's breadbasket province of Punjab, home to half the population of 240 million. Authorities said Pakistan evacuated more than 210,000 villagers near the rivers Ravi, Sutlej and Chenab that flow in from India, where heavy rain battered the northern region of Jammu, killing 60 people this month. India routinely releases water from its dams when they get too full, with the excess flowing into Pakistan, accompanied by warnings from New Delhi, which calls them a humanitarian measure. On Thursday, Pakistani officials said India passed on its third flood warning since Sunday, this time for the Sutlej, while the previous two concerned waters heading into Pakistan on the Ravi. India's water resources ministry did not immediately respond to a Reuters request for comment on the matter. More than 900,000 cusec of water passed through the Qadirabad distribution structure on the Chenab river, or 100,000 cusec in excess of its capacity, the provincial disaster management authority said. A cusec is a flow of volume equivalent to one cubic foot, or 28 cubic litres, every second. On Wednesday, authorities blew up part of the riverbank to release some water before it reached the barrage. Twelve people had been killed this week in Punjab, said Marriyum Aurangzeb, a senior minister in the provincial government. "As one nation, we will face this challenge together," said Aurangzeb, standing on the banks of the swollen Ravi. "There is no need to panic." The waters of Pakistan's eastern rivers join those of northern rivers in Punjab in the giant Indus river, to flow through the province of Sindh before emptying into the sea. On the other side of the border, Himalayan river levels began to recede after days of heavy rains that triggered landslides and flooding in both countries, with forecasters expecting downpours to subside from Thursday. (Writing by Asif Shahzad; Editing by Clarence Fernandez)
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a t ...Read More >
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket. Vegetable prices rose 29.33% in November from a year earlier after rising 42.18% in October. Indi ...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 >
Bhimavaram: West Godavari district collector Chadalawada Nagarani said that in addition to planting trees to improve greenery, efforts are being made to control plastic pollution. On Thursday, to celebrate World Environment Day, a large-scale programme was taken up in the district to plant saplings and remove plastic waste from canals and drains under 'Vanam-Manam.' As part of this, collector Nagarani, District Superintendent of Police Adnan Nayeem Asmi, district Joint Collector T Rahul Kumar Reddy, DRO Mogili Venkateswarlu, and district officials from various departments enthusiastically pa ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Katra (J-K) | Prime Minister Narendra Modi is set to inaugurate on Friday the world's tallest bridge over Chenab river ahead of dedicating to the nation the much-awaited Kashmir rail service here. After his arrival at the Air Force station in Udhampur, the prime minister left in a chopper to inaugurate the bridge over Chenab. A multi-tier security setup has been put in place for the prime minister's visit, his first to the Union Territory post Operation Sindoor launched by the Indian Armed Forces across the border to hit terrorist infrastructure during the intervening night on May 6 and 7 in ...Read More >
Katra (JK), Jun 6 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Friday hailed the inauguration of two engineering marvels on the Udhampur-Srinagar-Baramulla Railway Link as a historic moment. "What a momentous day! 06 June, 2025 will go down in history. Hon'ble PM Sh Narendra Modi Ji inaugurated Chenab bridge, the world's highest railway arch bridge & Anji bridge, India's first cable-stayed rail bridge, making the dream of connecting Kashmir to Kanyakumari, a reality," Sinha posted on his X handle. Prime Minister Modi inaugurated the Chenab and Anji bridges and is set to launch ...Read More >
Uttarakhand (Dehradun) [India], May 19 (ANI): The Indian Meteorological Department (IMD) has issued an orange alert for heavy rain in the hilly districts of Uttarakhand, effective today and tomorrow. In light of this warning, the Uttarakhand Police have issued a safety advisory for pilgrims undertaking the Chardham Yatra. Pilgrims are advised to exercise caution while travelling, consider the weather conditions, and call 112 in case of any emergency." Authorities are working to ensure public safety and minimise disruptions," said the police authorities. In light of the forecast, the Uttarakh ...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 >
Meghalaya government introduced the Draft Meghalaya Film Tourism & Creative Media Policy 2025. Chief Minister Conrad K. Sangma disbursed Hello Meghalaya Grants to local filmmakers. The government aims to empower youth through creative platforms. The film policy offers financial incentives and skill development projects. Public feedback is welcome until June 20, 2025. Guwahati: Meghalaya chief minister Conrad K. Sangma unveiled the Draft Meghalaya Film Tourism & Creative Media Policy 2025 and dis ...Read More >
Katra: Prime Minister Narendra Modi is set to inaugurate on Friday the world's tallest bridge over Chenab river ahead of dedicating to the nation the much-awaited Kashmir rail service here. After he arrived at the Air Force station in Udhampur, the prime minister left in a chopper to inaugurate the bridge over Chenab. A multi-tier security setup has been put in place for the prime minister's visit, his first to the Union Territory post Operation Sindoor launched by the Indian Armed Forces across the border to hit terrorist infrastructure during the intervening night on May 6 and 7 in retaliat ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Prime Minister Narendra Modi is set to inaugurate a series of monumental infrastructure projects, including Chenab Bridge - the world's highest railway bridge and flag off the much-awaited Vande Bharat Express train from Katra to Srinagar. Dilip Kumar, Executive Director of Information & Publicity of the Railway Board hailed the occasion as one of the most historic milestones since India's independence. "On this historic day, by the grace of Mata Vaishno Devi, PM Modi is dedicating to the nation a project that is being discussed across the world. If we look ...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 >
Hyderabad: The Justice PC Ghosh Commission has issued notices to former Telangana Chief Minister K. Chandrashekar Rao (KCR), former Irrigation Minister T. Harish Rao, and BJP MP and former Finance Minister Etala Rajender in connection with the ongoing probe into the Kaleshwaram Lift Irrigation Project. The Justice Ghosh Commission, which is investigating alleged irregularities in the construction and functioning of the Kaleshwaram barrages, has directed the three leaders to appear before it within 15 days. As per the Commission's schedule, KCR has been asked to appear on June 5, Harish Rao on ...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 >
Jammu: Jammu and Kashmir Lt Governor, Manoj Sinha, Chief Minister Omar Abdullah and Union ministers Ashwini Vaishnaw and Jitendra Singh reached Katra in Reasi district on Thursday to review arrangements a day ahead of Prime Minister Narendra Modi's visit, officials said. On Friday, the prime minister is scheduled to inaugurate the Chenab bridge and the Anji bridge, India's first cable-stayed bridge, the symbol of the country's engineering excellence, before flagging off Vande Bharat trains to mark the completion of the 272-km Udhampur-Srinagar-Baramulla Railway Link (USBRL) that will provide ...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 >
Pakyong (Sikkim) [India], June 6 (ANI): As part of the ongoing evacuation efforts in response to the recent disaster in North Sikkim, the first helicopter sortie of the day took off early this morning from Pakyong Greenfield Airport towards Chaten to rescue stranded tourists, according to an official statement. The Mi-17 helicopters are carrying essential supplies for Army personnel stationed in and around the Chaten area. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 06, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The opera ...Read More >
Guwahati/Morigaon, Jun 6 (PTI) The flood situation in Assam continued to be critical with over 5.6 lakh people reeling under the deluge in 16 districts, an official bulletin said on Friday. The toll in this year's floods and landslides stands at 21, with two more deaths reported on Thursday. Also Read | Thane Shocker: Wife Booked for Hurling Hot Oil on Autorickshaw Driver During Fight Over Domestic Issues in Kalyan. Wildlife has also been affected with nearly 70 per cent of the Pobitora Wildlife Sanctuary in Morigaon district facing inundation, an official said. The Regional Meteorological ...Read More >
Delhi is facing worsening pollution and erratic weather patterns, with the air quality regularly reaching dangerous levels. This is partly due to climate change, with temperature rises and unpredictable rainfall patterns caused by global warming. The industrial revolution has played a significant role, contributing to the rise in global temperatures. The effects are already being felt, with 2024 witnessing record-breaking heat in India. Despite this, there is little action from society or leadership, with courts repeatedly stepping in to address issues like pollution and farm fires. The need f ...Read More >
China is indeed the upper riparian for several major rivers that flow into India, notably the Indus, Sutlej, and Brahmaputra. However, it's impossible for Beijing to "turn off the tap". Most of the water in these river systems doesn't originate from the Tibetan Plateau (which China controls) but comes from precipitation and tributaries within Indian territory. India is not wholly dependent on Chinese-origin flows, especially in the case of the Brahmaputra and Sutlej, where downstream contribution ...Read More >
Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >
The new circle rates in Gurugram have come into effect from December 1 Gurugram: People eyeing a home in Gurugram will now have to pay more as the district administration has hiked the circle rates by 10% to 30%, driven mainly by demand. Luxury residential areas like Golf Course Road are likely to see a 30% hike in circle rates. According to reports, the new circle rates have come into effect from December 1 and will be applicable at least till March 31 next year. The price hike, however, has irked the residents, who alleged that the administration should also "improve basic amenities". Gu ...Read More >
Guwahati, June 5 (SocialNews.XYZ) The flood situation in Assam marginally improved on Thursday, while the situation further improved in other northeastern states, an official said. With two more fresh deaths in Assam, the death toll in seven states, excluding Sikkim, of the region increased to 48. According to the disaster management officials of different northeastern states, out of 48 deaths during the current spell of rain and floods since May 29, at least 21 people died in Assam, followed by 12 in Arunachal Pradesh, six in Meghalaya, five in Mizoram, two in Tripura and one each in Nagalan ...Read More >
Guwahati: The flood situation across Assam continues to be critical, with over 5.6 lakh people in 16 districts reeling under the severe flood, an official bulletin confirmed on Friday. The cumulative death toll from this year's floods and landslides has now climbed to 21, following two more fatalities reported on Thursday. Ready for a challenge? Click here to take our quiz and show off your knowledge! The Assam State Disaster Management Authority (ASDMA) bulletin stated that floodwaters are currently submerging 57 revenue circles and 1,406 villages, impacting a total of 5,61,644 individuals ...Read More >
Katra: Prime Minister Narendra Modi on Friday flagged off the Katra-Srinagar Vande Bharat Express, inaugurating an alternative all-weather transportation system for Kashmir by connecting the Udhampur-Srinagar-Baramulla rail link with the national railway network. The train will commence commercial operations from Saturday, allowing passengers to travel in the two pairs between Srinagar and Katra except on Wednesdays. The Udhampur-Srinagar-Baramulla rail project in the tough Himalayan terrain has been referred to as a marvel. It is expected to be a game changer in the development of the mount ...Read More >
PUDUCHERRY: With the India Meteorological Department's (IMD) heavy rain forecast for Puducherry, the UT government has ramped up its preparedness to mitigate the impact, including uninterrupted electricity and drinking water supplies, evacuating residents from low-lying areas, and setting up relief camps. Puducherry experienced 7.69 cm of rainfall Karaikal received 9.6 cm of rainfall in the past 24 hours. After visiting several areas in the UT to assess the situation, Chief Minister N Rangasamy convened an emergency meeting with Public Works Minister Lakshminarayanan, Collector A Kulothungan ...Read More >
Hyderabad, Dec 4 (VOICE) The earthquake that hit Telangana on Wednesday morning was the second earthquake of over 5 magnitude on the Richter Scale in the region in the last 55 years.According to the National Center for Seismology, an earthquake of 5.3 magnitude was felt at 7.27 a.m. on Wednesday with Medaram in Mulugu district of Telangana as the epicentre. The region experienced an earthquake with a magnitude of 5.7 on April 13, 1969, with Bhadrachalam as the epicentre. According to scientists, both earthquakes were linked to the Godavari rift valley, which is a fault zone. The tremors on ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...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 >