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.
Chennai: The American Society of Mechanical Engineers (ASME) today continued its flagship International Mechanical Engineering Congress & Exposition (IMECE) India 2025, the world's largest mechanical engineering congress, hosted for the first time in Hyderabad. The event has spotlighted India's leadership in engineering and innovation, with thought-provoking keynotes, policy dialogues. The event also witnessed the signing of the Memorandum of understanding (MoU) between ASME & ICT Academy of Kerala, aimed at strengthening collaboration in research, education, and advanced manufacturing. Featuring keynotes and insights from distinguished leaders, including Dr. Shanmuga Sundaram, Congress Vice Chair, IMECE India 2025; Dr. Lester K. Su, President, ASME; Hon. Chief Guest - Shri Srinivas Kondapalli, Minister, MSME, SERP, and NRI Empowerment & Relations, Government of Andhra Pradesh, IMECE 2025, Shri Tammireddy Sivasankara Rao, Andhra Pradesh MSME DC Chairman and Mr. Pawan Kumar Chandana, Co-Founder, Skyroot Aerospace, IMECE 2025 underscored India's key role in shaping the global engineering and innovation landscape. Hon. Chief Guest Shri Srinivas Kondapalli, Minister, MSME, Government of Andhra Pradesh, stated, "I feel deeply honoured to be a part of ASME's IMECE India 2025. Andhra Pradesh, with its strong infrastructure, sectoral parks, and innovation hubs, is fast emerging as a hub for manufacturing, MSMEs, and exports -- contributing nearly 8% to India's total exports. With forward-looking policies, investment-ready industrial nodes, and a focus on sustainability, the state is creating unprecedented opportunities for industries and startups alike. IMECE India perfectly complements this vision by enabling global collaborations, advancing engineering research, and strengthening academia-industry partnerships to reimagine India as an innovation-driven economy. Together, we are laying the foundation for a future where India leads the world in sustainable innovation and industrial growth." Mr. Pawan Kumar Chandana, Co-Founder, Skyroot Aerospace delighted with his experience at IMECE 2025 commented, "India is no longer just a consumer of advanced technologies -- we are now building and exporting world-class deep tech to the globe. From defence to drones, biotech to quantum, and space to semiconductors, Indian startups are driving breakthroughs that will transform industries and societies. Skyroot is delighted to be a part of IMECE India 2025, and we look forward to such platforms providing India a global stage to showcase innovation." Mr. Madhukar Sharma, President & Director of ASME India, stated, "IMECE India 2025 marks a transformative moment for Indian engineers, researchers, and the wider technical community. By connecting them with global networks and fostering applied research through our Technical and Engineering Communities, covering areas like Additive Manufacturing & 3D Printing, Advanced Materials & Manufacturing Technologies, Advance in Thermal Technologies, Gas Turbines, Offshore Pipelines Transmission & Distribution System, Cyber Physical Systems + AI/ML, and Structures Structural Dynamics & Materials, we are enabling the development of more sustainable and innovative products." "We are deeply committed to partnering with India to support research and development, expand access to global engineering tools, and bridge academia and industry through platforms including IMECE India," said ASME President Lester K. Su. "We are particularly inspired by India's ambitious work in sustainability, from renewable energy integration to smart manufacturing and resilient infrastructure. These are the kinds of breakthroughs that will shape the next century, and India is already taking the lead." "The Departments of ITE&C and Industries & Commerce are driving Telangana's emergence as a hub for innovation, technology, and entrepreneurship. With progressive policies, robust infrastructure, and strong industry collaboration, we are creating an enabling ecosystem for startups, MSMEs, and global enterprises to thrive. Platforms like IMECE India 2025 not only showcase India's engineering and technological excellence but also reinforce Telangana's commitment to becoming a preferred destination for investment and innovation", Shri Sanjay Kumar, IAS Special Chief Secretary, Department of Information Technology, Electronics & Communications (ITE&C) and Department of Industries & Commerce. "The dream of every academician, presenting a paper at the world's largest gathering of mechanical engineers was once an aspiration reserved for those who could travel to the U.S. Today, that dream has become a reality. This unique opportunity invites researchers and academicians from around the globe to join the largest assembly of industry leaders, fostering collaboration and knowledge exchange. It's also a chance to explore how India's innovative approach to teaching, learning, and engineering products is contributing to the nation's journey toward self-reliance. This inaugural event promises to be an enriching experience, serving as a fertile ground for future collaborations and groundbreaking ideas" said Dr. Shanmuga Sundaram, Congress Vice-Chair, IMECE India 2025 IMECE India's core themes of sustainability, innovation, and inclusivity are reflected in the plenary keynote, "Advancing New Energy - Creating Vibrant and Enabling Infrastructure for Rapid Green Hydrogen Technology Development and Deployment for Clean Energy Transition." India has already taken rapid strides in building a robust ecosystem to support clean energy technologies, particularly hydrogen and waste-to-energy. The first tranche of pilot-scale 1 MW-10 MW green hydrogen projects are underway, while regulators are actively framing compliance and certification mechanisms. Yet, key challenges remain, high costs, low-temperature storage, and workforce skilling. The panel explored pathways for collaboration across industry, research institutions, startups, and government to accelerate innovation, ensure equitable energy access, and build a cohesive, future-ready clean energy infrastructure aligned with national missions such as Make in India, Atmanirbhar Bharat 2047, the India Semiconductor Mission, and the National Green Hydrogen Mission. Key Highlights from Day 2 · Empowering MSMEs and Startups: A dedicated MSME Conclave spotlighted key themes including supplier assessment by Mr. Pramod B. Shrawage (Thermax), opportunities in aerospace & defence by Dr. Kishora Shetty (Boeing India), and a panel on skilling & technology adoption chaired by Dr. Shailaja D. (CSIR) with leaders from CTTC, CGSSC, TASK, and NSDC. The virtual sessions further featured Dr. N. Yuvaraj, IAS (AP Government), who spoke on the sector's pivotal role in India's growth, and Mr. Sanjay Kumar, IAS, Chief Secretary, Government of Telangana, who highlighted the state's strengths as an investment destination · Women in Engineering: The session "Turning the Gears: Women Shaping the Future of Mechanical Engineering" brought together leaders such as Ms. Geetha Ramamoorthi, Managing Director, KBR India; Dr. Rimzhim Gupta, Senior Applied Scientist, Paanduv Applications; Ms. Shraddha Kale, Co-Founder & CEO, ZephDroids UAVs; and Ms. Meera Ravi, COO, Viyoma Manufacturing, and Ms. Chaya T, Senior Manager, Mechanical & Structures Engineering, Boeing moderated by Dr. Susan Ipri-Brown, Immediate Past ASME President, highlighting women's growing influence in innovation and leadership. · Future-Ready Skills and Technology Workshops: Build & Beyond Workshops & Elevate ME Career Connect featured hands-on sessions on AI for Robotics Autonomy by Mr. Souvik Chatterjee and Mr. Rohit Bhattacharjee (MathWorks India), Digital Twin Technology by Dr. M. Manivannan (IIT Madras), and Future of Work Skills by Ms. Kavitha Kaleiselvi (Talentegrity Consulting), emphasizing adaptability, collaboration, and career management. · Engineering Education Symposium: Sessions included an invited talk by Dr. Yogi Goswami, Distinguished Professor & Director, Clean Energy Research Center (USF), followed by panels on Innovation and Product Development Startups, emphasizing sustainability and social impact; Sustainability and Green Engineering, highlighting integration of green technologies and curricula aligned with India's clean energy missions; and Make in India, focusing on engineering education's role in driving self-reliance, indigenous innovation, and MSME collaboration. · Masterclasses for entrepreneurs and innovators covered critical topics including 'Intellectual Property Rights & Corporate Governance' by Mr Shubham Arora, Advisor, Board Member - Legal, Strategy, Compliance, 'Go-To-Market Strategy' by Mr Vijay Singh, CEO & Managing Director Shunya Fodder, and 'Idea-to-MVP journeys' by Wadhwani Foundation. · The Student Engagement Hackathon winners are Chandigarh University (First), Vishnu Institute of Technology, Andhra Pradesh (Second), Federal Institute of Science and Technology (Third). With diverse tracks covering semiconductors, clean energy, cyber-physical systems, aerospace, and AI/ML, IMECE India 2025 is driving India's transition from a service economy to an innovation-driven economy.
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 >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
Leader of the House in Rajya Sabha and Union minister JP Nadda on Thursday said that the Chair should not be questioned or criticised about admissibility, calling it contempt of the House and Chairman. He also condemned Mallikarjun Kharge for criticising the Chair in a press conference the day before, calling it wrong. "The Chair cannot be questioned with regard to admissibility or for any other purposes. The Chairman's ruling cannot be questioned or criticised; to do so is contempt of the Hous ...Read More >
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme will be a dominant LP in Athera's Rs 900-crore fund to be invested into fast-growing tech startups ...Read More >
BENGALURU, India, June 5, 2025 /PRNewswire/ -- Marriott India proudly achieved its ambitious goal for World Environment Day 2025, a commitment to plant 100,000 trees across its extensive portfolio of over 150 hotels nationwide. This significant undertaking marked a powerful escalation of Marriott India's dedication to sustainability and ecological restoration, building upon the success of its previous environmental initiatives. This landmark endeavor was built upon the successful foundation of last year's 'Two Trees per Room' initiative, launched on World Environment Day 2024. That program, a ...Read More >
New Delhi [India], December 12 (ANI): Amid ruckus in the House, Rajya Sabha was adjourned on Thursday till 11 am on December 13. Earlier in the day, the House was adjourned till 2 pm. However, after it reconvened in the afternoon, the House continued to witness the uproar as the Opposition members demanded discussions on various notices they had submitted. The House had to be adjourned within half an hour. Amid the ruckus, Former Prime Minister and JD(S) leader HD Deve Gowda slammed the Opposition for bringing an impeachment motion against the House Chairman Jagdeep Dhankhar. "For the first ...Read More >
Kottayam: Chief Minister Pinarayi Vijayan said Kerala and Tamil Nadu have always supported each other, establishing a model of cooperative federalism. He said that when rights of states are being encroached upon, such cooperation should be extended among others. Tamil Nadu Chief Minister MK Stalin and Vijayan inaugurated the Thanthai Periyar Memorial and Library in Vaikom in Kerala on Thursday, marking a significant occasion in the commemoration of the legacy of social reformer Periyar E.V. Ramasamy. Several key political leaders from both Tamil Nadu and Kerala, underscored the longstanding ...Read More >
Hyderabad, Dec 17 (UNI) Coromandel International Limited, India's leading agri-solutions provider, and Mahindra & Mahindra Limited Farm Equipment Sector (FES) business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive, to Indian farmers. Currently, it is operational in seven key states Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh. Gromor Drive's operations are supported by RPTO-tra ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...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 >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Vastu Housing has raised $100 million from the global consumer internet group Prosus. The Amsterdam-based investor has acquired an 8.4% stake (7.8% fully diluted) in the home finance company. Vastu Housing Finance is a prominent player in the affordable housing finance sector, focusing on underserved communities. In September, Vastu received a $50 million loan from the United States International Development Finance Corporation (USDFC). Housing finance companies have attracted significant funding in recent months. Recently, Easy Home Finance raised $35 million in a fresh funding round led by ...Read More >
Hyderabad (Telangana) [India], December 12 (ANI): Launching a scathing attack against the Congress-led Telangana government, Bharat Rashtra Samithi (BRS) Working President KT Rama Rao on Thursday called it an "abject failure" and said that Congress party's saga of betrayal is endless. "The Congress party in Telangana has been an abject failure... Their saga of betrayal is endless... They are tampering with the cultural icons, with the Telangana self-respect and pride. I wrote to Rahul Gandhi that we are compelled that when BRS comes back three years later, we will change the name of all the i ...Read More >
Bengaluru, Dec 15 (VOICE) Former Minority Commission Chairman Anwar Manipaddy on Sunday refuted the bribery charge levelled by Chief Minister Siddaramaiah, saying the Congress leaders have been offering him bribes to suppress the Waqf encroachment report. CM Siddaramaiah on Saturday alleged that BJP state president B.Y. Vijayendra "tried to bribe" the former Minority Commission Chairperson during the previous government with Rs 150 crore to suppress a probe into the Waqf property encroachment. Speaking to the media, Anwar Manipaddy stated that if Chief Minister Siddaramaiah has any genuine co ...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 [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...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 >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...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 >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...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 >
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 >
NDIA bloc leaders, who submitted a notice of no-confidence motion against the Rajya Sabha Chairman Jagdeep Dhankhar on Wednesday, blamed the chair for not allowing them to speak in the Rajya Sabha. The leaders held a joint press conference labelling several charges against the chairman. "His behaviour (RS chairman) has damaged the dignity of the country. He has brought such a situation in the history of parliamentary democracy that we had to bring this notice for the resolution (of no confidence ...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 >
New Delhi [India], June 5 (ANI): On the occasion of World Environment Day, a website, "Discover Green Hydrogen," was launched by L&T GreenTech. The website focuses on the global clean energy revolution, providing insights, expert analysis, and real-time updates on the rapidly evolving Green Hydrogen industry. Powered by L&T GreenTech, a key division of L&T Energy's Green & Clean Energy Business, the newly launched website reflects L&T's unwavering commitment to sustainability. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. This website is designe ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Indian sustainability startups are currently at the forefront in terms of handling critical environmental challenges. They are emerging with innovating solutions frequently for a greener future. Key Communications recently conducted a survey and it reports that the startups are in need of urgent support to make their journey less struggling. The survey reveals that more than 60% of sustainability startups in the country believe that they need stronger government backing with respect to growth and funding. Currently there are about 6,600 cleantech startups in India and such ventures are import ...Read More >