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: The Hon'ble President of India, Smt. Droupadi Murmu, conferred the SCOPE Eminence Awards at Vigyan Bhawan, New Delhi. The event was organized by the Standing Conference of Public Enterprises (SCOPE), with the support of the Department of Public Enterprises (DPE), Ministry of Finance and was held in the presence of Shri Pankaj Chaudhary, Minister of State for Finance and Shri K. Moses Chalai, Secretary, DPE; Shri K. P. Mahadevaswamy, Chairman, SCOPE, and Shri Atul Sobti, Director General, SCOPE, were also present. The programme witnessed the presence of senior government officials from various Ministries and departments, top leadership of Public Sector enterprises (PSEs), and representatives from national and international partner organizations of SCOPE. Speaking on the occasion, Hon'ble President, Smt. Droupadi Murmu said that the SCOPE Eminence Awards are a celebration of the significant contribution of public sector enterprises to the development of India. Appreciating the public sector and its leaders, she said that they have been performing well on all parameters including social, economic, environmental, technological and ethical. She appreciated SCOPE for honouring good performance across multiple dimensions such as women empowerment, sustainable development, corporate governance, corporate social responsibility and innovation. The President said that the Public Sector has been a powerful vehicle for economic development and social inclusion. She expressed confidence that CPSEs will play a crucial role in achieving the national goal of building a developed India by 2047. While appreciating the effective role of CPSEs in Aatma Nirbhar Bharat and 'Make in India' campaigns, the President said that during Operation Sindoor, the indigenous Air Defence Control and Reporting System - Akashteer demonstrated its infallible capability. Speaking on the occasion, Minister of State for Finance, Shri Pankaj Chaudhary said the Public Sector has come a long way, since their inception, and have played a strategic role in nation building. He stressed that even in times of uncertainty and crisis, the performance of the PSEs remained consistent and they are on the path of sustained growth. Shri K. Moses Chalai, Secretary, DPE said CPSEs have played a pivotal role in fostering growth and socio-economic development of the country. While engaging around 15 lakh people in direct employment, and indirectly supporting millions of livelihoods across the country, he said that the Public Sector shoulders the dual responsibility of nation-building and economic growth. In the new ecosystem of perform or perish, CPSEs have to perform and maintain competitiveness all the time. Speaking on this occasion, Chairman, SCOPE, Shri K. P. Mahadevaswamy said the CPSEs have facilitated sustainable development and remain high on trust index. He reiterated that SCOPE continues to play a catalytic role in building capacities - aligning with the global goals of excellence and ensuring cohesive policy and business environment for the public sector to thrive and succeed. While welcoming the Hon'ble President of India, Director General, SCOPE, Shri Atul Sobti emphasized that the public sector enterprises have evolved into globally recognised, highly competitive and formidable contributors to India's socio-economic growth. In this journey, SCOPE has been strengthening the fraternity and it is our responsibility to continue being a catalyst for self-reliant, prosperous and equitable Bharat, he said.
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Small-cap Stock: Krystal Integrated Services Limited (Krystal) share price rose 5 per cent to ₹779.3 on Tuesday, November 26 after the company announced receiving a ₹106.3 crore contract from the Brihanmumbai Municipal Corporation (BMC). The contract, valued at ₹1,062.99 million ( ₹106.3 crore), covers three years and involves providing comprehensive attendant manpower services to BMC's Education and Security Departments. This initiative is aimed at improving public sector operational efficiency in Mumbai. Small-cap stock Krystal Integrated Services share was trading in the green, up 3.07 pe ...Read More >
Itanagar: The Northeast Human Rights (NEHR) has strongly condemned the deployment of Central Armed Police Force (CAPF) personnel in Siang District in Arunachal Pradesh to facilitate the Pre-Feasibility Report (PFR) for the NHPC's 11,000 MW Siang Upper Multipurpose Project (SUMP). In letters addressed to Arunachal Pradesh Chief Secretary and Home Commissioner, NEHR expressed concerns about the potential for intimidation and rights violations of indigenous communities. Ready for a challenge? Click here to take our quiz and show off your knowledge! The organization urged the immediate withdraw ...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 >
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 >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...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 >
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 >
Kandla (Gujarat) [India], June 5 (ANI): On the occasion of World Environment Day, the Deendayal Port Authority (DPA) Kandla reaffirmed its unwavering commitment to sustainability and joined the global movement to 'Beat Plastic Pollution.' DPA highlighted its ongoing efforts toward building a cleaner, greener maritime ecosystem. These include conserving green cover, embracing renewable energy, and implementing comprehensive green port initiatives--all aligning with the port's long-term vision of environmental stewardship. To mark the day, a tree plantation drive was organised, witnessing enth ...Read More >
CHENNAI: Indian equity markets experienced a significant rally today, spurred by the Reserve Bank of India's (RBI) unexpected policy measures aimed at stimulating economic growth. The RBI slashed the key repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points, injecting approximately ₹2.5 lakh crore into the banking system. This aggressive easing, coupled with a shift in the RBI's policy stance from 'accommodative' to 'neutral', boosted investor sentiment across sectors. The apex bank's bold policy actions have injected liquidity and optimism into the markets ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
Hindustan Power, under Chairman Ratul Puri, has implemented a CSR initiative to combat water scarcity in rural Uttar Pradesh by installing hand pumps. This program, part of a broader corporate commitment, has significantly improved access to clean water and quality of life for underserved communities since 2022. Hindustan Power, led by Chairman Ratul Puri, is making significant strides in addressing water scarcity in rural Uttar Pradesh through its innovative CSR initiative. Launched in 2022, this program installs hand pumps in water-stressed villages, ensuring clean water for thousands of un ...Read More >
Bhubaneswar: All schools in Puri municipality will remain closed tomorrow on account of Navy Day celebration at Blue Flag Beach. The district administration has decided to keep all schools closed due to the President's visit to the Navy Day ceremony. The district administration has ordered the closure of all government and private primary, secondary and higher secondary schools in Puri municipality. Moreover, Mother's Public School, Prabhu Shree English Medium School, Chandra Shekhar Academy, St. Xavier School on the outskirts of the town will also be closed. However, the PARAKH exam conduct ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
Smart India Hackathon 2024: The Smart India Hackathon 2024, designed to unite the nation's brightest young talent in solving real-world problems presented by major government ministries, is scheduled to take place from December 11 to 15. This is the seventh edition of the Smart India Hackathon, and Prime Minister Narendra Modi will preside over this on Wednesday. More than 54,000 entries were received, and out of that, 1,300 teams (comprising over 10,800 participants) were selected to compete in figuring out the answers to 254 problem statements. Notably, most of the entries came from Tier 2 a ...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 >
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: 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 >
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 >
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: Delhi govt has imposed a strict ban on direct purchases and cart-based procurement through the Government e-Market (GeM) portal for hospitals. The administration clarified that no healthcare facility or institution has the authority to make cart purchases or initiate bidding independently.The order emphasised that any non-compliance with these guidelines will face serious consequences, potentially leading to disciplinary or legal proceedings as determined by the relevant authority.The GeM portal, which commenced operations on Aug 9, 2016, functions as an online marketplace for centr ...Read More >
Rupee has maintained its position as one of the best performing Asian currencies, despite the ongoing challenges and geopolitical crisis in the Middle East. Pankaj Chaudhary, Minister of State for Finance on Monday said that this stance indicates India's strong economic fundamentals. In a written reply in the Lok Sabha, he mentioned that Rupee's is market-determined, not limited to any target or specific level. He noted that, as of November 19, 2024, the domestic currency had dropped 1.4 percent against the US dollar in the current calendar year (CY) 2024 and decline was primarily driven by ...Read More >
New Delhi [India], December 11 (ANI): On the birth anniversary of former President Pranab Mukherjee, Congress President Mallikarjun Kharge paid glowing tributes to the statesman, recalling his immense contributions to India's democracy and development. Kharge took to social media to share a heartfelt message, quoting one of Mukherjee's profound observations: Also Read | Atul Subhash Suicide Case: 4 People Including Bengaluru Techie's Wife Nikita Singhania Booked for Abetment of Suicide. "India's true story is the partnership of the people. Our wealth has been created by farmers and workers, ...Read More >
Guwahati (Assam) [India], December 11 (ANI): The Combined Annual Training Camp (CATC)-151 for NCC girl cadets of the 60 Assam Girls Battalion and other units under NCC Group Headquarters, Guwahati, commenced on December 9 and will continue until December 18. According to the Defence Public Relations Officer (PRO), the camp aims to promote leadership, discipline, and national pride. The PRO's statement read: "The Combined Annual Training Camp (CATC)-151 of NCC cadets of 60 Assam Girls Bn NCC, Guwahati, and other units of NCC Group Headquarters, Guwahati, under NCC Directorate NER, Shillong, b ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance. The two GoMs ...Read More >
Karman Drones and Troop Comforts Ltd have signed a five-year strategic partnership to co-develop and manufacture unmanned aerial vehicles. This collaboration aims to strengthen India's defense manufacturing capabilities and provide advanced UAV solutions for defense, paramilitary, police, and civil sectors under the 'Make in India' initiative. Karman Drones, a prominent drone technology company, announced on Tuesday a five-year strategic alliance with defense public sector undertaking Troop Comforts Ltd. This partnership is focused on the co-development and manufacturing of various categories ...Read More >
New Delhi, May 21 (SocialNews.XYZ) The Supreme Court on Wednesday refused to entertain a plea seeking criminal prosecution of Justice Yashwant Varma, who is embroiled in a controversy surrounding the alleged discovery of a huge pile of burnt cash in the storeroom attached to his bungalow in the national capital after the fire brigade had gone there to douse a blaze on March 14. "There was an in-house inquiry report. It has been forwarded to the President of India and the Prime Minister of India for action. If you are seeking a writ of mandamus, you have to first make a representation to those ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >