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: India's jewellery industry is introducing a new trend of 'diamonds created from human DNA' that could be a game-changer for generations to come. Renowned jewellery designer, manufacturer, and consultant Hetal Vakil Walia said the innovation will make people fall in love with the ornaments forever. "The lab-grown diamonds will be customised, infusing customers' own DNA. It will turn the jewellery into deeply personal keepsakes," she said. The technology is currently under discussion at a jewellery show in Delhi and will be introduced soon. "People will be able to wear lab-grown diamonds made from their own DNA very soon. It will not just be a part of jewellery but also become a medium of emotional connection and cherished memories," she said. Walia, who has worked in the jewellery industry for more than three decades and headed the women's wing of the International Free Zone Authority (IFZA) in Dubai, told ETV Bharat that the current turmoil in the market gives rise to this innovation and opportunity. "The prices of gold and other precious metals, as well as stones, are skyrocketing. In such a situation, lab-grown diamonds have been rapidly gaining market. We are further enhancing its level by using DNA to make diamonds unique," she said.
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Chennai, June 08: In a shocking case of blackmail, extortion and murder in Chennai, a 27-year-old doctor from Asthampatti near Salem, identified as Dr Santosh Kumar, has been arrested by the Kodungaiyur police for killing a 26-year-old woman who allegedly blackmailed him using his nude pictures. The victim, Nithya, a resident of Sattuma Nagar in Thiruvottiyur, reportedly posed as an IT professional working in Ambattur and extorted money from multiple men. She had befriended Dr Santosh online and gradually began blackmailing him, threatening to leak his nude photos to his family. Police said s ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Puri: Lord Jagannath and his siblings Lord Balabhadra and Devi Subhadra will be dressed up in Rajarajeswar Besha, also known as Suna Besha on Sunday. The Trinity will be adorned with over 208 kg of gold ornaments on their chariots in front of the Singhadwar. Devotees will be allowed to witness the ritual from 6.30 pm to 11 pm. The temple and district administrations have made elaborate arrangements to ensure smooth darshan of the Trinity. Chief Administrator of Shri Jagannath Temple Administration Arabinda Padhe said, discussions were held with all nijogs of Srimandir to ensure all rituals a ...Read More >
Surat: The Amroli police in Surat have launched an investigation into a puzzling incident where an accountant working with a diamond firm reported that four fingers of his left hand were mysteriously severed after he fell unconscious near the Variyav Bridge. According to Tarpara's statement, he had gone to meet a friend near Vedant Circle and stopped on his way home to relieve himself. He claimed he suddenly lost consciousness and woke up to find the fingers of his left hand missing on Sunday ni ...Read More >
Chennai, May 19 (SocialNews.XYZ) Three men have been arrested in connection with the brutal murder of an elderly couple in Tamil Nadu's Erode district on April 28, said police on Monday. The accused also allegedly confessed to their involvement in a triple murder that occurred in Tiruppur district in November 2024, currently under investigation by the CB-CID. The arrested have been identified as P. Aachiappan (48), N. Madeswaran (52), and R. Ramesh (54), all residents of Arachalur in Erode district. The victims, Ramasamy (72) and his wife Bakkiyam (63) of Megaraiyan Thottam, Uchimedu near S ...Read More >
New Delhi, Jun 6 (PTI) Silver prices soared Rs 3,000 to hit another record high of Rs 1,07,100 per kilogram in the national capital on Friday amid buying rush by local jewellers and stockists. Gold prices were little changed on Friday as a stronger-than-expected jobs report countered support from lingering geopolitical uncertainty, while silver touched its highest since 2012. According to the All India Sarafa Association, the white metal bounced Rs 2,000 to hit a fresh peak of Rs 1,04,100 per kilogram (inclusive of all taxes) in the local markets on Thursday. So far this year, the metal pri ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
New Delhi, June 29 (SocialNews.XYZ) There's good news for gold and silver buyers as prices of both precious metals saw a decline this week, bringing gold back below Rs 96,000 per 10 grams and silver under Rs 1.06 lakh per kilogram. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold is now Rs 95,784 per 10 grams, down from Rs 98,691 a week ago -- a sharp drop of Rs 2,907. Similarly, the price of 22-carat gold has come down to Rs 87,738 from Rs 90,404 per 10 grams. For 18-carat gold, the rate has dropped from Rs 74,018 to Rs 71,838 per 10 grams. Silver ...Read More >
Pune: Pashan resident Kushagra Agarwal rushed to the jewellers last week as soon as gold prices reduced slightly, to Rs 95,784 per 10g, as he had to buy gold for his son's wedding. With a Rs 3,000 to Rs 4,000 per 10 g reduction in the price of gold, jewellers expect many other residents in the city to walk into stores in the coming days. The gold industry has been struggling to find buyers over the last six months as prices have been consistently rising. The price of gold, which was hovering around the Rs 1 lakh mark last month for 10g, is now trading at Rs 96,800/10g grams, excluding GST. Aga ...Read More >
Puri: Lord Jagannath and His Siblings Lord Balabhadra and Devi Subhadra were adorned with 208 kg gold ornaments during the 'Suna Besha' ritual on chariots Sunday, an integral part of the annual Rath Yatra festival in Puri. The devotees can have 'darshan' of the deities from 6.30 pm to 11 pm, said the Shree Jagannath Temple Administration (SJTA). According to temple sources, the deities adorn around 30 different designs of ornaments which include gold, diamond, silver and other precious metals. "Initially, around 138 designs of ornaments were used during the era of King Kapilendra Deb in 146 ...Read More >
New Delhi, Dec 18 (PTI) Gold prices fell Rs 200 to Rs 79,100 per 10 grams in the national capital on Wednesday amid a firm trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,300 per 10 grams in the previous session. Snapping a three-day losing run, silver climbed Rs 500 to Rs 92,000 per kg on Wednesday. It closed at Rs 91,500 per kg on Tuesday. In the last three sessions, the white metal plunged Rs 5,500 per kg. The price of gold of 99.5 per cent purity slipped Rs 200 to Rs 78,700 per 10 grams from the ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
Hyderabad: The RGIA police arrested one Satyanarayana for alleged involvement in an international human trafficking racket being run in the guise of a gold business, on Saturday. Satyanarayana was attempting to courier rolled gold jewellery samples to an agent in Muscat in Oman, RGIA Inspector Balaraju said. The arrest was followed by a complaint from one Lankapally Mary from West Godavari district, who lodged a complaint with the RGIA police two days back. In her complaint, Mary said that she was intending to go abroad for work when she came across Satyanarayana in August 2023. He promised ...Read More >
Gold Rate in India Today: The price of gold in India continued its downward trajectory and brought cheers among gold jewellery buyers. Falling gold rate in India today is a reflection of consolidating international prices of the bullion amid easing geopolitical tensions and improving trade prospects. Gold Rate in India today has plunged to its 10-day low mark of Rs 97,420 per 10 gram amid easing tensions between Israel and Iran. The precious metal prices jumped phenomenally over the past few days as clashes between the two nations were followed by United States air strikes on Iranian nuclear ...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 >
Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police has arrested a jeweller who had been absconding after allegedly cheating a fellow jeweller of gold, silver, and diamonds worth ₹12.77 crore. The accused, identified as Birju Kishor Kumar Salla (45), was arrested from a hotel in Gujarat where he had been hiding. According to the EOW, an FIR had been registered against Salla on June 10 at LT Marg Police Station. After evading arrest for several weeks, investigators tracked his location to Gujarat. Acting on a tip-off, the Gujarat Police detained Salla from the hotel and later handed ...Read More >
New Delhi, [India], July 5 (ANI): Nehal Deepak Modi, the brother of fugitive diamantaire Nirav Modi, allegedly played a crucial role in laundering proceeds of crime in the high-profile Rs 13,000 crore Punjab National Bank (PNB) fraud case as well as actively involved in the "disappearance and concealment of assets" and "destruction of evidence", officials said on Saturday. Also Read | Mumbai Ranked Among '100 Best Food Cities in the World' in TasteAtlas List; Six Indian Cities Make the Cut. The revelation comes after Nehal Modi was arrested in the United States on the basis of an extradition ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
Bhopal (Madhya Pradesh): Madhya Pradesh has received investment proposals worth over Rs 15,710 crore during an interactive session held in Surat, Gujarat, on Sunday. In response to the strong investor interest, Chief Minister Mohan Yadav announced opening of a new office of Madhya Pradesh Industrial Development Corporation (MPIDC) in Ahmedabad. The proposed investments are expected to create more than 11,250 jobs in the state. CM Yadav said the session is aimed to encourage Gujarat-based industrial houses -- especially from Surat -- to expand into Madhya Pradesh. He emphasised the natural sy ...Read More >
Gold Rate in India Today: The price of 24, 22, and 18K gold reversed their momentum and have surged up to Rs 16,300 per 100 gram in the first two days of July. Surge in gold rates today mirrors rising international gold rates against the backdrop of a weakened US dollar, fiscal trade concerns, and geopolitical uncertainty. The gold rate in India today has surged significantly over the past two days. The price of the precious metal has surged by more than 25% since the beginning of the year 2025 due to heightened trade tensions and market volatility. Gold Rate in India Today Gold rate in Ind ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...Read More >
Mathura (UP), Jun 7 (PTI) Devotees visiting the Mathura-Vrindavan region for temple visits often get a taste of the antics of the large monkey population as the simians steal spectacles, caps and food from visitors. Aligarh-based diamond merchant Abhishek Agarwal and his family were left shell-shocked when a monkey snatched his handbag containing jewellery worth Rs 20 lakh during their visit to the Thakur Banke Bihari temple in Vrindavan. However, providence smiled on the Agarwal family as after an eight-hour effort, the police were able to corner the monkey and get the handbag back, a senio ...Read More >
New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10 grams in the previous market session. "Gold prices continue to cor ...Read More >
New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. "Gold continues to face downward pressure as both geopolitical and economic uncertainties e ...Read More >
India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domestic electronics manufacturing.Source : Freepik India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical ...Read More >
New Delhi: Gold prices slipped below Rs 79,000 per 10 kg in the national capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Price of gold of 99.5 per cent purity extended the losses for the third straight day, declining by Rs 150 to Rs 78,450 per 10 grams from the previous close of Rs 78,600 per 10 grams. However, silver rose Rs 100 to Rs 92,500 per kg. On ...Read More >
New Delhi, Jun 6 (PTI) Silver prices soared Rs 3,000 to hit another record high of Rs 1,07,100 per kilogram in the national capital on Friday amid buying rush by local jewellers and stockists. According to the All India Sarafa Association, the white metal bounced Rs 2,000 to hit a fresh peak of Rs 1,04,100 per kilogram (inclusive of all taxes) in the local markets on Thursday. So far this year, the metal prices have jumped Rs 17,400 per kg, or 19.4 per cent, since December 31 last year. As per the Association, the precious metal of 99.9 and 99.5 per cent purity traded flat at Rs 99,690 and ...Read More >