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: Highlighting misuse of insolvency proceedings in real estate sector which is triggered by speculative investors and affecting the interest of genuine homebuyers, Supreme Court said such investors are acting like a "slow poison" for the residential real estate sector and they are interested in making profits and not in getting possession of flats.A bench of Justices JB Pardiwala and R Mahadevan said that "trigger-happy" speculative investors always intend to seek easy exits from the project to jeopardise the interests of genuine end-users, and they should not be allowed to misuse the Insolvency and Bankruptcy Code (IBC) and prevent dishonest developers from exploiting systemic loopholes. It also held insolvency proceedings, as a rule, should proceed project wise and the entire company should not be proceeded against as it would also affect other projects of the firm."Strict adherence to IBC timelines and settled precedent is imperative to realise two complementary objectives: (i) ensuring revival and completion of stalled projects for the benefit of genuine homebuyers; and (ii) curbing speculative activity which has functioned as a 'slow poison' for the residential real estate sector and, by extension, the Indian middle class," the bench said. It said speculative misuse of real estate agreements artificially inflate demand, fuel asset bubbles, and prejudice genuine buyers, and the govt should intervene to restrict them. "The State carries a constitutional obligation to create and strictly enforce a framework wherein no developer is permitted to defraud or exploit homebuyers. Ensuring timely project completion must be a cornerstone of India's urban policy. Equally, the State must proactively address the menace of a parallel cash economy and speculative practices in the real estate market, which artificially inflate housing costs and enable 'trigger-happy' investors seeking easy exits to jeopardise the interests of genuine end-users," SC said. The apex court rejected the plea of homebuyers for invoking IBC saying that they are not genuine homebuyers but speculative investors.
New Delhi: The Supreme Court on Tuesday said the Karnataka government and the Centre should resolve the issue in connection with the release of financial assistance from the National Disaster Response Fund (NDRF) to the state for drought management. The matter came up before a bench comprising justices B R Gavai and K V Viswanathan. Attorney General R Venkataramani, appearing for the Centre, requested the bench that he needed some time to file an affidavit in the matter. "You should resolve it," the bench said. During the hearing, the bench queried, how much amount has been released so far? ...Read More >
In a regulatory filing on Thursday, the company stated that the NCLAT, through its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd." NBCC will oversee the completion of these projects, which include 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The projects include Ecovillage-2, Romano, Capetown, Czar Suites, Eco-Village 3, Sports Village, and Eco-Citi ...Read More >
Chandigarh, Dec 18 (PTI) Noise levels exceeded the prescribed limits during singer-actor Diljit Dosanjh's concert here on Saturday, the Chandigarh administration told the Punjab and Haryana High Court on Wednesday. The submission was made by the administration before a division bench of the high court. "Strict action" has been recommended against the violators, the court was further informed. On December 13, the high court had allowed Dosanjh's event scheduled to take place the next evening, with a direction that the organisers comply with the noise pollution regulations. While greenlighti ...Read More >
Mumbai, Jan 27 (PTI) The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defen ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu on Friday unveiled an ambitious vision to transform Visakhapatnam into a new Mumbai over the next seven years. He directed officials to develop the 'Visakha Economic Region' as AP's primary growth engine, aiming for a staggering $120 billion economy from this region by 2032. The proposed economic region encompasses eight districts, including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, Alluri Sitharama Raju (ASR), and Manyam. The Chief Minister has instructed the officials to launch projects that will significantl ...Read More >
New Delhi, July 2 (SocialNews.XYZ) The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI). "This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile director - Shri Anil Dhirajlal Ambani), inter alia, stating that SBI has decided to report the loan ...Read More >
Shimla (Himachal Pradesh) [India], July 2 (ANI): At least 51 people have lost their lives and 22 others are missing in Himachal Pradesh as torrential rains, flash floods, and landslides continue to wreak havoc across the state during the ongoing monsoon season, according to the latest official data. The State Emergency Operation Centre (SEOC), under the Department of Revenue, Government of Himachal Pradesh, released a cumulative damage assessment report on July 2, covering the period from June 20 to July 1. The report reveals significant damage to human lives, private properties, livestock, a ...Read More >
The Supreme Court on Tuesday (November 26, 2024), indicated a level of hypocrisy attached to criticism about Electronic Voting Machines (EVM), saying ""EVMs are tampered when you lose and fine if you win". The oral remark was made by Justice Vikram Nath before dismissing a petition filed by evangelist K.A. Paul, who urged for a judicial order to return to paper ballots. Also read:EVM-VVPAT case | Cannot disclose 'source code' of EVMs, will result in misuse: Supreme Court Justice Nath, during the hearing, asked Mr. Paul whether he wanted to turn the court into a political arena. Mr. Paul sa ...Read More >
New Delhi, [India], December 11 (ANI): The Supreme Court has expressed concern over the growing tendency to misuse Section 498A of the Indian Penal Code (IPC), which penalises cruelty by husbands and their relatives against married women. While quashing a Section 498A IPC case against a husband and his parents, a bench of Justices BV Nagarathna and N Kotiswar Singh said that the Section became a tool for unleashing personal vendetta against the husband and his family by a wife. Also Read | RBI Will Remain Alert and Agile to Meet Challenges, Says New Governor Sanjay Malhotra (Watch Video). " ...Read More >
New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu has directed the officials to develop 'Visakha Economic Region' as the growth engine of Andhra Pradesh, with an aim to transforming it into a USD 120 billion economic region by 2032. He emphasised the need to develop Visakhapatnam on the lines of Mumbai in the next seven years. The Economic Region consists of eight districts including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, ASR, and Manyam. The Chief Minister instructed officials to develop projects that would boost economic activity across this eight-distri ...Read More >
Chandigarh, Jul 4 (PTI) Haryana Governor Bandaru Dattatreya on Friday said chairpersons and representatives of urban local bodies (ULBs) across the country should adopt a "waste to wealth" approach by leveraging advanced technologies in waste management. Dattatreya was addressing the closing ceremony of the two-day national conference of Urban Local Bodies of States and Union Territories in Manesar in Gurugram district. Also Read | Bihar Assembly Elections 2025: RJD MP Manoj Jha Says AIMIM Should Stay Away From Polls in State, Extend 'In-Principle' Support to Mahagatbandhan. The governor sa ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
GUWAHATI, June 5: Assam Chief Minister Himanta Biswa Sarma on Thursday said the Supreme Court has taken cognisance of Guwahati's perennial flood problem and issued notices in this regard to the governments of Assam, Meghalaya and also to the apex court's empowered committee. "The Supreme Court has taken cognisance of the matter, and a person had filed a case in the apex court in regard to the possible role of University of Science and Technology, Meghalaya (USTM) in aggravating Guwahati's flood problem. The court has issued notices to Assam, Meghalaya and also to the Supreme Court empowered c ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
New Delhi: Lawyers from the district courts decided on Saturday to roll back their decision to abstain from work in protest against the shifting of the judges of the 34 digital Negotiable Instruments Act courts to the Rouse Avenue courts.A statement released by the All District Courts Bar Association of Delhi on Saturday said that the lawyers' coordination committee met the chief justice of Delhi High Court and was assured that all digital courts would function strictly as digital platforms only. The remaining proceedings and judicial work only would be conducted in the regular local courts, t ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
CHENNAI: The Tamil Nadu Anti-Terrorism Squad (ATS) of the state police on Tuesday said it has arrested two accused wanted in several bomb blasts and communal murder cases after being on the run for over 25 years. The key accused among the two is Abubacker Siddique of Nagore. He is allegedly involved in the attempt to plant a pipe-bomb during the rath yatra of former home minister LK Advani in Madurai in 2011, among others. Other cases he is allegedly involved include the bomb blast at Hindu Munnani office in 1995 in Chennai, an explosion in Nagore the same year, and coordinated planting of bo ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Mumbai, July 1: Recently, the Bombay High Court ordered Yes Bank to pay INR 50,000 to compensate Microfibers Pvt Ltd for delaying opening a bank account after insisting on an Aadhaar card. It is learned that the private bank insisted on an Aadhaar card despite the interim relief granted by the Supreme Court at the time. Although the private bank had complied and opened the account in January 2019, the bench of Justices MS Sonak and Jitendra Jain said that they had failed to do so between April and September 2018, a period during which Aadhaar was not mandatory. The Bombay HC made these observ ...Read More >
New Delhi: The Supreme Court on Thursday directed courts across the country to refrain from admitting or passing any new orders on pleas seeking surveys of mosques to determine if temples lie beneath them. This decision extends to existing suits, halting any further orders on the matter. The directive was issued as the apex court continued hearing petitions challenging the constitutional validity of the Places of Worship (Special Provisions) Act, 1991. This Act prohibits filing lawsuits to reclaim places of worship or alter their character from what existed on August 15, 1947. Judicial Revie ...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 >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
The Nainital High Court on Friday cleared the path for Panchayat elections in Uttarakhand by lifting the interim stay it had earlier imposed, offering a much-needed breather to the Pushkar Singh Dhami-led state government and the state Election Commission. After examining the petitions and the documents submitted by the state in a key meeting on Friday, the high court granted interim relief to the government, allowing it to proceed with the much-anticipated three-tier panchayat elections. However ...Read More >
NEW DELHI: Himachal Pradesh has recorded 51 deaths and 22 missing persons due to torrential rains, flash floods, and landslides during the ongoing monsoon season from June 20 to July 1, according to the State Emergency Operation Centre's latest damage assessment report. The natural disasters have caused extensive damage to private properties, livestock, and public infrastructure across the state's 12 districts.The SEOC report detailed that Mandi district was the worst affected with 10 deaths and all 34 missing persons primarily due to flash floods and cloudbursts. Additionally, 103 people have ...Read More >
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk producers from across the country, where over two lakh cooperative societies function, along with experts ...Read More >