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: After weeks of uncertainty, senior leader M Veerapandian (64) was unanimously elected on Saturday as the new state secretary of the Communist Party of India (CPI) at the state council meeting held in Chennai. Addressing reporters after his election, Veerapandian said the role of the state secretary was a "collective responsibility" as per the party's constitution. He asserted that the CPI's responsibilities have grown in the present political climate, "when the dangers of religious fanaticism have engulfed the state". Outlining his immediate priorities, he said the CPI would seek a larger share of seats in the upcoming 2026 Assembly polls to reflect the party's growing strength. The state secretary poll had originally been scheduled for August 19 at the CPI's 26th state conference in Salem, but was deferred following an internal tussle regarding the selection of state executive council members and for not arriving at a unanimous decision to identify the new secretary. The deadlock left Mutharasan, who had crossed the party's age limit of 75 for the post, holding it temporarily.
New Delhi [India], December 13 (ANI): Congress MP Gaurav Gogoi on Friday slammed the 'One Nation, One Election' being passed by the Union Cabinet, calling it an "attack on federalism." "The Congress party has already cleared its stand as One Nation One Election is an attack on federalism and there should be a discussion on the election process in the parliament," he said. The 'One Nation One Election' bill was approved by the Union Cabinet on Thursday paving the way for its introduction in Parliament. However, before its introduction in the Parliament, the bill initiated debate between the r ...Read More >
Thiruvananthapuram: The 14th session of the 15th Kerala Assembly, the last before this year's local body polls, opened on Monday with obituary references to former chief minister VS Achuthanandan, veteran Congress leader PP Thankachan and CPI MLA Vazhoor Soman. Speaker A N Shamseer and Chief Minister Pinarayi Vijayan led the tributes, recalling Achuthanandan's contributions to legislation, gender equity and environmental protection. After much uncertainty, Palakkad MLA Rahul Mamkoottathil arrived at the assembly on Monday. Suspended from the Congress Parliamentary Party, he has been allotted ...Read More >
Hyderabad: Within hours of the State Election Commission (SEC) announcing the panchayat poll schedule, BC welfare minister Ponnam Prabhakar and animal husbandry minister Vakiti Srihari urged all political parties to file affidavits in the high court affirming their support for the 42 per cent reservation Bills passed in the assembly and council.At a media conference in Gandhi Bhavan, joined by BC association leaders, the ministers also appealed to petitioners to withdraw the case filed against the quota. The court has posted the matter for hearing on Oct 8. Ponnam said Congress, BJP, BRS, CPM, ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, notably higher than the normal 4.3 mm. Warangal's Sangem recorded the day's highest maximum temperature ...Read More >
THIRUVANANTHAPURAM: A day after the Left government signed an MoU with the Centre on implementing PM SHRI in the state, major differences have cropped up within the LDF, with CPI's open opposition, terming it a breach of coalition ethics. In a clear divide within the Left, the CPI, the second largest constituent in the LDF, lashed out at the CPM and LDF leaderships for keeping CPI ministers in the dark and a lack of collective responsibility in the cabinet. The CPM leadership, meanwhile, chose to play down the issue saying discussions will be held with the CPI, once Chief Minister Pinarayi Vi ...Read More >
Alappuzha: Amid the heated political controversy over PM SHRI in Kerala, CPI national secretary D Raja asserted that his party would not support the Central scheme that aims to communalise and commercialise India's education system. Addressing the media here on Sunday, the CPI leader said that the CPM should now declare its stance on PM SHRI. "CPI has been opposing the National Education Policy (NEP) 2020. We are against the communalisation, centralisation and commercialisation of our education system. The BJP government at the Centre has always attempted to undermine federalism in the countr ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, Apr 8 (PTI) The Union Cabinet is learnt to have cleared on Wednesday the draft bill for amendments to the Women's Reservation Act that will ensure an increase in the number of Lok Sabha seats to 816 with 273 reserved for women, and its implementation in the 2029 general elections. Sources privy to the development said that a meeting of the Cabinet, chaired by Prime Minister Narendra Modi, approved the draft bill for the amendments to the law, Nari Shakti Vandan Adhiniyam, more commonly known as the Women's Reservation Act. The government has extended the budget session of Parliame ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
New Delhi [India], September 30 (ANI): Communist Party of India (CPI) General Secretary D Raja on Monday demanded that the government "accept" a proposal made by Naxals and warned that if the BJP and RSS continues to be in power, the "future of India will be imperial". D Raja told reporters, "I demand that the government accept the proposal made by the Naxals. What is this Naxal Mukt Bharat? Already, they spoke about the Congress Mukt Bharat. What happened to Congress Mukt Bharat? Tomorrow they will say Communist Mukt Bharat... If the BJP and RSS, combined, continues to be in power, the futur ...Read More >
THIRUVANANTHAPURAM: Despite the conciliatory efforts of the CPM which deputed General Education Minister V Sivankutty to placate the CPI state leadership following its opposition towards the state signing PM SHRI project, the latter refused to yield to the former's diplomacy. The CPI state leadership is learnt to have told the minister that since breaches in left policy and lapses in collective responsibility occurred at the cabinet level, it must be dealt with at the leadership level. Efforts to resolve the ongoing tussle between the two coalition partners are expected to begin on Sunday, a ...Read More >
Digha: A day after Rath Yatra, the festive fervour continues in Digha as the seaside town is now gearing up to host Ulta Rath or the return journey of the deities from the 'Masir Bari' or the old Jagannath temple. On July 5 -- the Ulta Rath day -- hotels are hoping for fresh tourist influx. Though the deities are currently in Masir Bari, a large queue of devotees visited the newly-constructed Jagannath temple on Saturday. They offered prayers to the stone idol permanently installed there. It is the wooden idols of Jagannath, Balaram and Subhadra that have taken the chairot rides. Bipradash Cha ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, either in the Central or state government, it has given various schemes, such as pension, woman and ch ...Read More >
Senior Congress leader KC Venugopal has alleged that not only the PM SHRI scheme but every new incident in Kerala is part of a Bharatiya Janata Party (BJP)-Communist Party of India (Marxist) secret understanding. Speaking at a press conference here, Venugopal accused the left government of cooperating with the BJP on multiple fronts while pretending to oppose it publicly. Venugopal clarified that the Congress was not implementing the PM SHRI scheme. "It's wrong to say Congress is implementing P ...Read More >
Thiruvananthapuram, Oct 26 (PTI) Senior CPI leader K Prakash Babu said on Sunday that CPI(M) general secretary M A Baby didn't give any reply except kept silence on Kerala's signing of the PM SHRI scheme during his recent discussion with D Raja in this regard. He said though Raja, the CPI general secretary, came to meet Baby to discuss the matter, even skipping his lunch on Saturday, the Left leader didn't reply on anything regarding the topic. "Raja went to meet Baby to convey the party's concerns on the PM SHRI and make its stand clear. It was actually the joint stand of the CPI and the CP ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
NEW DELHI: Welcoming SC's negative vote on three key provisions of the Waqf Act as putting a hold on BJP's "mischievous intentions", Congress chief Mallikarjun Kharge accused the governing party of bulldozing a "divisive law" to inflame communal passions and "reopen issues that India had long settled". Calling the upholding of deletion of "waqf by user" a setback, the party underlined that the SC order is only an interim order, and it will continue its efforts to convince the court about the questionable aspects of the law.Kharge and MP Syed Naseer Hussain, who led the party charge in the JPC ...Read More >
Chennai, Apr 2 (UNI) In a significant ruling, a three-member Bench of Madras High Court on Thursday evening said the Tamil Nadu Governor has no discretion and could not reject the recommendations of the State Cabinet as he was bounded by it. The Bench, in a remission case, ruled that the Governor has no discretion, could not reject and was bound by the State Cabinet recommendations. Holding that the Governor has no discretion in the matters pertaining to remission and premature release of convicts, the Bench made it clear that the gubernatorial occupant is bound by the advice of the State Ca ...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 >
Prime Minister Narendra Modi on Saturday said his government's policies and decisions were aimed at boosting India's strength and unity in line with the Constitution, while the opposition Congress had "tasted blood" by repeatedly wounding it.Prime Minister Narendra Modi on Saturday said his government's policies and decisions were aimed at boosting India's strength and unity in line with the Constitution, while the opposition Congress had "tasted blood" by repeatedly wounding it. Replying to a t ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...Read More >
Hyderabad: Within hours of the State Election Commission (SEC) announcing the panchayat poll schedule, BC welfare minister Ponnam Prabhakar and animal husbandry minister Vakiti Srihari urged all political parties to file affidavits in the high court affirming their support for the 42 per cent reservation Bills passed in the assembly and council.At a media conference in Gandhi Bhavan, joined by BC association leaders, the ministers also appealed to petitioners to withdraw the case filed against th ...Read More >