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, Sep 8 (PTI) The country's coal production dropped marginally by 0.6 per cent to 381.75 million tonnes (MT) in the April-August period of the current fiscal year. The domestic coal output was 384.037 MT in the year-ago period, according to provisional data of the government. Of the total output of 381.75 MT, Coal India produced 280.15 MT, followed by Singareni Collieries Company Ltd (SCCL) with 24.19 MT and captives and others with 77.41 MT. Coal India accounts for over 80 per cent of domestic coal production. However, the country's domestic coal output in August grew by 11.5 per cent to 69.87 MT, from over 62.63 MT in the corresponding month of the previous fiscal. The government had earlier attributed the sector's improved performance to a series of strategic policy measures, rigorous monitoring, and consistent support to stakeholders. These efforts have played a key role in accelerating operational approvals and expanding production capabilities, thereby driving overall growth in coal output and dispatches. The coal ministry has reiterated its dedication to fully realising the potential of captive and commercial coal mining. Moving forward, the emphasis will be on maintaining consistent production, reducing supply interruptions, and making a substantial contribution to the country's rising energy needs. PTI SID DRR
NEW DELHI: State-owned Coal India Limited (CIL) recorded a 34% year-on-year growth in environmentally friendly coal transportation in FY 2025, moving 102.5 million tonnes (MT) through 20 First Mile Connectivity (FMC) projects linked to the Indian Railways network. In comparison, 76.5 MT was transported in FY 2024 through 17 such projects. In the current financial year, up to the end of May, CIL registered a 36.7% increase in coal dispatch via FMC projects, compared to 15 MT during the same period last year. CIL, India's largest coal miner, also plans to commission 19 additional FMC projects w ...Read More >
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
Patna: Four private power companies -- Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power -- have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment -- a whopping Rs 21,400 crore -- in power sector in Bihar. Under the project, three plants -- each of 800-MW capacity -- will be set up at Pirpainti as part of Tariff-based Competitive Bidding (TBCB) process, for which Bihar State Power Generation Company Limited (BSPGCL), Patna, wi ...Read More >
Guwahati, June 28 (UNI) Union Minister for Coal and Mines, G Kishan Reddy, on Saturday reaffirmed the Centre's "unwavering support" for accelerating mineral and coal development across India's eight North‑Eastern states. Speaking on the second day on the second North‑East Mining Ministers' Conclave here, Reddy said robust mining infrastructure, quicker project clearances and eco‑friendly practices are crucial to realising Prime Minister Narendra Modi's "Viksit Bharat 2047" vision. "Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim are our Ashta Lakshmi," the ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined metal the decline was by 5 per cent to 2,50,000 tonnes. In oil and gas, Vedanta's average daily gross operated production dropped 17 per cent ...Read More >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...Read More >
Guwahati, Jan 10 (PTI) The 'sardar' of workers of the coal mine in Assam's Dima Hasao district, where eight miners remained trapped, was arrested, even as a dewatering exercise continued in the quarry to facilitate the resumption of rescue operations, police said on Friday. The fate of the trapped miners appeared to be grim with personnel involved in the rescue operations racing against time to bring them out of the ill-fated quarry, while the body of one labourer, hailing from Nepal, has been recovered from there, an official said. "The 'sardar' (head) of the miners, who had fled the quarry ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. JP Nadda held discussions on Sunday with the Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Al Kh ...Read More >
Guwahati, Jan 31 (PTI) The Gauhati High Court has issued notices to the Assam government and its various departments over rampant rat-hole coal mining and asked them to furnish what steps they have taken to stop the unlawful activity. Taking suo motu cognizance of the Dima Hasao coal mining tragedy, the high court registered a public interest litigation on Monday and issued notices the next day to seven government departments, including the office of the chief secretary. "The court has taken note of various reports which suggest that around more than 200 rat-hole mines are in operation in Um ...Read More >
New Delhi, June 27: In a significant boost to India's horticultural exports, the Centre's Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the flagging off of the first consignment of one metric tonne of rose-scented litchi from Punjab's Pathankot to Doha in Qatar, according to an official statement issued on Friday. In addition, 0.5 metric tonne of litchi was also exported to Dubai, UAE, from Pathankot this week, marking a twin export achievement and reinforcing India's potential in global fresh fruit markets. This milestone initiative, undertake ...Read More >
New Delhi, July 1 (SocialNews.XYZ) In a move towards achieving end-to-end digitalisation of the coal exploration value chain, the government on Tuesday said it is set to launch the Exploration Module on the Single Window Clearance System web portal. To be launched through Central Mine Planning and Design Institute Limited (CMPDIL) by Union Coal Minister G Kishan Reddy on July 4, this module will allow allottees to submit their exploration proposals online, which will then be processed and approved by the ministry through the integrated system. The module covers the entire process of Explorat ...Read More >
PTC Web Desk: India is expected to witness a massive nationwide shutdown (Bharat Bandh) on July 9 as over 25 crore workers from key critical sectors, including banking, insurance, postal services, coal mining, highways, and public transport -- gear up for a day-long Bharat Bandh. The strike has been called by 10 central trade unions and their allied organisations to protest against the Centre's economic and labour policies, which they allege are anti-worker, anti-farmer, and pro-corporate in nature. Who is participating in the strike? More than 25 crore workers are expected to take part in t ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined meta ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. The third dividend cheque of Rs 1,616 crore for FY 2024-25 was presented to Finance Minister Sitharama ...Read More >
New Delhi, Jul 9 (PTI) The proposed 50 per cent import tariff on copper announced by US President Donald Trump will not have any impact on Indian companies as the country is copper-deficient, according to an industry official. Also, Coal and Mines Minister G Kishan Reddy on Wednesday said India will discuss the impact of US tariffs on copper. Also Read | Belagavi Shocker: 3 of Family Members Die by Suicide After Consuming Poison Over Debt in Karnataka. International Copper Association India Managing Director Mayur Karmarkar said, "India is a copper-deficient country, and its export, as such ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy on Friday released the Copper Vision Document and the Aluminium Vision Document at the international conference here on sustainable and responsible mining through best mine closure practices, organised by the Indian National Committee of the World Mining Congress. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated that the Vision Document provides a long-term strategy to meet growing domestic demand while ensuri ...Read More >
Nagpur: Surjagarh Iron Ore Mines of Lloyds Metals and Energy Ltd (LMEL) have brought laurels to Gadchiroli district by bagging 5-star rating from the Indian Bureau of Mines (IBM) under the Union Ministry of Mines. Union minister of coal & mines G Kishan Reddy presented the 5-Star Rating memento and certificate to senior officials of LMEL in a ceremony held at Rajasthan International Centre, Jaipur, on July 7. Surjagarh mines have won this national recognition for its stellar performance in operational excellence and green innovation in 2023-24. Reddy presented the award to LMEL officials in pr ...Read More >
New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs ... New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs 3,053 crore during the just concluded financial year 2022-23 (April-March), which is a 61 per cent increase on a yearly basis. In a year ago period, it recorded a net profit of Rs 1,884 crore. The rise in profits in 2022-23 could be largely attributed to a rise in nano fertilisers and its efficient energy consumption initiatives. With two more Nano Fertilizer Plants ...Read More >
New Delhi [India], July 2 (ANI): Coal production from captive and commercial mines in June 2025 reached 15.57 million tonnes (MT), while coal dispatches were recorded at 17.31 MT, according to the Ministry of Coal. These figures indicate a solid performance by the coal sector, which plays a crucial role in meeting the energy and raw material needs of key industries across the country. Also Read | Hemant Khandelwal Takes Charge As Madhya Pradesh BJP President, Replaces VD Sharma. The first quarter of the financial year 2025-26 has shown significant year-on-year growth. Coal production during ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
New Delhi, June 27 (UNI) In a significant boost to horticultural exports, India flagged-off the first consignment of one metric tonne of rose-scented litchi from Pathankot, to Doha, Qatar. Additionally, a separate consignment of 0.5 metric tonne of litchi was also exported to Dubai, UAE from Pathankot, marking a twin export achievement and India's growing presence in the global fresh fruit market, an official statement said. The initiative was facilitated by Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry in association ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
MUMBAI: Tata Power, the utility arm of the Tata Group, plans to contest the $490 million (Rs 4,200 crore) verdict handed down by the Singapore arbitral tribunal. The ruling stems from alleged breaches of confidentiality agreements with investment firm Kleros Capital Partners concerning a potential coal mining project in Russia. At Tata Power's annual shareholder meeting on Friday, chairman N Chandrasekaran said: "The company is reviewing the contents of the July 1 arbitration award and is discussing with lawyers. It will look at all options, including challenging the decision." He emphasised, ...Read More >
Guwahati, July 9 (SocialNews.XYZ) The GIAL terminal of Lokpriya Gopinath Bordoloi International Airport (LGBIA) in Guwahati recorded its highest-ever single-day cargo handling of 42.43 metric tonnes (MT) on June 28, surpassing the previous record of 40.43 MT set last year, a growth of 4.95 per cent, officials said on Wednesday. A spokesperson of the GIAL said that the Guwahati International Airport Limited (GIAL) terminal's achievement was part of a broader upward trend that culminated in the GIAL cargo terminal, LGBIA, crossing the 844 MT mark in monthly cargo processed for the first time si ...Read More >