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.
-- the proposed Sethusamudram / Sethudundaram project (a shipping canal or bridge between India and Sri Lanka through the Palk Strait) would have far-reaching implications for Sri Lanka. Let's break them down into political, geographical/environmental, and financial/economic aspect 1. Political Implications * Strategic Balance in the Region * India's construction of a bridge or canal would consolidate its influence over the Palk Strait and Gulf of Mannar, potentially reducing Sri Lanka's leverage over regional shipping routes. * Sri Lanka may lose some control over maritime access currently enjoyed through its ports (Colombo, Trincomalee, Hambantota). * Sovereignty Concerns * Any structure close to Sri Lanka's maritime boundary could raise disputes over territorial waters, fishing rights, and security zones. * Sri Lanka would have to negotiate agreements on navigation, security, and customs. * Diplomatic Rebalancing * Increased Indian influence may push Sri Lanka to strengthen ties with China, the US, or other countries to balance power. * Possible domestic political debates: Tamil Nadu's proximity and links to Northern Sri Lanka could reignite sensitive ethnic or migration issues. 2. Geographical & Environmental Implications * Alteration of Tidal Flows * A bridge or canal may change the natural tidal exchange between the Bay of Bengal and the Gulf of Mannar, affecting fisheries and coastal erosion on both sides. * Impact on Marine Biodiversity * The area around Adam's Bridge / Ram Setu is ecologically sensitive and rich in coral reefs, seagrass, and fish nurseries. Changes could reduce fish stocks for Sri Lankan fishermen. * Increased Risk of Natural Disasters * Changes in water flow might affect cyclone paths, sedimentation, and storm surges, with possible new coastal vulnerabilities for Sri Lanka's northwestern shoreline. * Navigation and Safety * A bridge with limited height or a canal with depth restrictions could redirect certain ship types, possibly reducing future potential for Sri Lankan ports to act as transshipment hubs. 3. Financial & Economic Implications * Competition to Sri Lankan Ports * A direct navigable link between the Bay of Bengal and the Arabian Sea through Indian territory could bypass the need for ships to transship in Colombo or Hambantota, reducing cargo volumes and port revenues. * Opportunities for Cross-Border Trade * If well negotiated, Sri Lanka could benefit from joint ventures: ferry services, tourism corridors, or logistic hubs linked to the bridge. * Fisheries and Livelihoods * Northern Sri Lanka's fishermen could face reduced catches or restricted access due to new security zones. * Tourism Potential * The bridge could also facilitate easier travel between southern India and northern Sri Lanka if immigration rules are liberalized -- possible gains in pilgrim tourism, especially Jaffna and Mannar. * Maintenance & Security Costs * Sri Lanka may be required to upgrade its naval surveillance, coast guard presence, and customs capacity to manage increased traffic. What Sri Lanka Could Do Proactively * Demand a Joint Environmental Impact Assessment (EIA) and push for international oversight (UNESCO, IMO). * Negotiate compensation / transit fees for loss of port revenues or fisheries. * Develop Northern Ports (KKS, Mannar) as feeder hubs to integrate with new routes. * Strengthen Navy & Coast Guard presence to secure borders. * Market tourism / pilgrimage packages to Indian visitors using the bridge.L Summary: If India implements the Sethusamudram (or whatever Sethudundaram) project, Sri Lanka faces both risks and opportunities. Risks center on reduced port revenues, environmental changes, and sovereignty concerns; opportunities lie in cross-border trade, tourism, and joint ventures. The ultimate outcome will depend heavily on how proactively Sri Lanka negotiates terms and develops complementary infrastructure.
Chennai Rain: A low-pressure area over the Southeast Bay of Bengal has developed into a deep depression, according to latest report from the India Meteorological Department (IMD). This weather system is moving west-northwest and is expected to approach the Sri Lanka-Tamil Nadu coast within the next 24 hours. The IMD has indicated that the low-pressure system is currently crossing Sri Lanka, particularly near Rameswaram and Thoothukudi in the Gulf of Mannar. Consequently, Tamil Nadu experienced heavy rainfall overnight on December 11. As the system continues its journey into the Arabian Sea, i ...Read More >
Bhubaneswar: A low-pressure area has developed over the Northwest Bay of Bengal off the Odisha coast, according to the India Meteorological Department (IMD). The system, which formed at 8:30 am today, is likely to move slowly northwards and intensify into a more marked low-pressure system over the next 48 hours. According to the latest weather update, the associated cyclonic circulation extends up to 7.6 km above mean sea level, tilting southwards with height. This weather system may bring light to moderate rainfall with isolated heavy rainfall to the coastal areas of West Bengal and Odisha. ...Read More >
Chennai, Jun 29 (PTI) Tamil Nadu Chief Minister MK Stalin on Sunday conveyed to the Centre that 8 fishermen have been arrested by Sri Lanka and sought its intervention to ensure their safe return. Writing to External Affairs Minister S Jaishankar, Stalin said: "I wish to draw your urgent attention to a matter of grave concern affecting the livelihood and safety of Indian fishermen, particularly those from Tamil Nadu." The CM said it has been reported that the Sri Lankan authorities on June 29, 2025 apprehended 8 fishermen from Rameswaram and seized their mechanised fishing boat. Such inciden ...Read More >
Chennai, June 29 (UNI) Eight fishermen from Tamil Nadu were arrested by the Sri Lankan Navy while fishing in the high seas today, even as Chief Minister M K Stalin urged External Affairs Minister (EAM) Dr S Jaishankar to initiate proactive diplomatic steps to secure their release along with their boat. The eight fishermen, hailing from Rameswaram in Ramanathapuram district, were fishing in a mechanised boat near Katchatheevu, when they were arrested by the Sri Lankan Navy personnel. The Lankan Navy arrested them for fishing in their territorial waters after crossing the International Mariti ...Read More >
New Delhi [India], July 6 (ANI): Rain lashed parts of Delhi on Sunday morning as the India Meteorological Department predicted light to moderate rain accompanied by thunderstorms likely to occur over Delhi during the next two days. IMD Delhi in a press release stated, 'Generally cloudy sky. Light to moderate rain accompanied with thunderstorm/lightning likely to occur over Delhi during next 2 days.' IMD said that there is no large change in minimum temperatures and maximum temperatures in the past 24 hours over Delhi. 'The maximum temperatures were in the range of 36-37C and the minimum tem ...Read More >
MUMBAI: A directive from the state prohibiting the sale of fish at Sassoon Docks, one of Mumbai's oldest and most active fish landing sites, has stirred the waters for the fishing community, especially Kolis at Colaba and Cuffe Parade. The ban on fish sales, recently imposed by the Maharashtra state fisheries department, is a first at the dock and, according to the Koli community, oversteps the annual ban on fishing during the monsoon from June 1 to July 31. While the community acknowledges the need to prohibit fishing during the monsoon months, as it protects marine biodiversity during the b ...Read More >
Hyderabad: As part of a 170-year-old tradition, tens of thousands of devotees assembled at the Nampally Exhibition Grounds on Sunday to receive the famous fish prasadam on the occasion of Mrigasira Karte. This annual ritual is said to offer relief from respiratory ailments like asthma and bronchitis.The event, which began at 11 am, was inaugurated by transport minister Ponnam Prabhakar. "For 170 years, the Bathini family has been providing fish prasadam to lakhs. What began in Doodh Bowli has now evolved into a massive event," he said.The state's fisheries department reported over 50,000 token ...Read More >
Thiruvananthapuram: Kerala Governor Rajendra Arlekar has written a strongly worded letter to Chief Minister Pinarayi Vijayan, criticising General Education Minister V Sivankutty for walking out of a function held at Raj Bhavan on June 19. The Governor described the incident as a breach of protocol and an insult to the constitutional office. The letter, dated June 26, refers to an awards ceremony for the Bharat Scouts and Guides, where Sivankutty -- who also serves as President of the Association's Kerala chapter -- objected to the presence of a garlanded portrait of Bharat Mata on the stage, ...Read More >
Jamshedpur: The monsoon system over eastern India has intensified with the formation of a low-pressure area over the northwest Bay of Bengal and adjoining coastal regions of Odisha and West Bengal, triggering a forecast of heavy rainfall across Jharkhand in the coming days. According to weather officials, the development is being driven by an upper air cyclonic circulation that is likely to bring widespread rain, thunderstorms, and gusty winds to different parts of the state. The forecast indicates a series of wet and stormy days: June 28: Heavy rainfall is expected in southern, central, and ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS village on June 29 from 10 am to 5 pm. BESCOM's executive engineer has appealed to consumers to coop ...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 >
Margao: Goa's fish production peaked at 140.3 tonnes in 2022-23, marking the highest output in eight years, before dropping to 135.7 tonnes in 2023-24.The latest data released by the Union ministry of statistics and programme implementation in the 'EnviStats India 2025: Environment Statistics' report shows that the fishing sector weathered significant challenges over the past decade.From 111.9 tonnes in 2015-16, fish production showed steady growth, peaking at 124 tonnes in 2017-18. However, the industry faced challenges in the subsequent years, declining to 120 tonnes in 2018-19.The worst tim ...Read More >
New Delhi, Jun 26 (PTI) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing ...Read More >
Bhubaneswar: A fresh low-pressure area likely to form over the Bay of Bengal by Sunday is expected to bring widespread rain in north Odisha districts until July 4, the IMD said on Saturday.IMD has issued warning for heavy rain and thundershower in 16 districts, while very heavy rain is likely in Keonjhar, Balasore and Mayurbhanj districts until Monday, after which the intensity may reduce."An upper air cyclonic circulation over southwest Bangladesh and adjoining Gangetic West Bengal persisted ove ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...Read More >
New Delhi [India], June 8 (ANI): Union Minister of Earth Sciences Dr Jitendra Singh, addressing the Monaco Marine Conference on Sunday, reiterated India's commitment to a resilient Blue Economy and pointed out that Prime Minister Narendra Modi had spoken about it twice in his two consecutive Independence Day addresses. In a symbolic show of global cooperation for ocean sustainability commemorating the 'World Ocean Day' today, Union Minister Dr Jitendra Singh and Norway's Minister of International Development, Asmund Grover Aukrust, jointly hosted a high-level event on Marine Spatial Planning ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
Chennai: The capital city is known as the Gateway to South India, and usually experiences hot and humid weather conditions during the summer and early monsoon months. On June 30, 2025, the city's weather is expected to remain warm and humid, with occasional chances of light rainfall due to the ongoing Southwest Monsoon influence. On Monday, the capital city woke up at 05: 42 AM and the sun is likely to set at 6: 36 PM. Today, the minimum and maximum temperatures are likely to be around 29 degrees Celsius and 35 degrees Celsius, respectively. The humidity is expected to be around 66 per cent. ...Read More >
Chennai ( Tamil Nadu) [India], November 27 (ANI): As a deep depression in the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, the Indian Coast Guard has started coordinating with the state agencies to ensure seafarers' safety. The ICG said that its ships, aircraft and radar stations issued advisories for fishing boats to return to the harbour. "Deep Depression in the #BayofBengal likely to intensify into a cyclone and move towards #Tamilnadu, as per #IMD. @IndiaCoastGuard Region HQs (East) is coordinating with state agencies to ensure seafarers' saf ...Read More >
Heavy rains lashed Thoothukudi and surrounding areas in Tamil Nadu on Sunday, causing severe waterlogging in several localities. The IMD predicts the formation of a low-pressure area in the Bay of Bengal, which is expected to intensify and move towards the Tamil Nadu coast, bringing further rainfall across the state in the coming days.Several parts of Thoothukudi and adjoining areas witnessed severe waterlogging on Sunday as heavy rains continued to lash parts of Tamil Nadu. Visuals showed water ...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 >
Bhubaneswar/Balasore/ Baripada: The state government Sunday placed the Balasore and Mayurbhaj district administrations on high alert with an impending flood threat looming over the northern part of the state as several major rivers in the region continue to swell, an official said. Rivers such as Budhabalanga, Subarnarekha, Jalaka, Jambhira and Sona are witnessing rising water levels and may cause flooding by Monday, he warned. Balasore Collector Suryawanshi Mayur Vikash has cancelled the leaves of all government employees. The fresh flood situation has panicked people as they are yet to rec ...Read More >
New Delhi, Jun 30 (PTI) Tribal communities in Great Nicobar are not opposed to development but lack sufficient information about a proposed mega infrastructure project on the island, National Commission for Scheduled Tribes (NCST) member Asha Lakra has said. The project, titled Holistic Development of Great Nicobar, involves the construction of a transshipment port, an international airport, a township and a power plant over more than 160 square km of land. This includes around 130 square km of pristine forest inhabited by the Nicobarese, a Scheduled Tribe (ST), and the Shompens, a Particular ...Read More >
Mumbai: The IMD has indicated that there will be an increase in rain activity in the city between July 5-8. An orange alert indicating heavy to very heavy rainfall at isolated places has been issued for Thane for July 6 & a yellow alert from July 5-7,2025 for Mumbai. A yellow alert indicates heavy rainfall at isolated places.The Regional Meteorological Centre in Mumbai on Friday said that multiple weather systems are currently influencing conditions, including a cyclonic circulation over northern ...Read More >
ASSAM : Priyalin Gogoi, a Class 9 student from Dhakuakhana in Assam's Lakhimpur district, has made an unusual promise this year: he won't eat local fish until mid-July. This may sound peculiar to some, but for Priyalin, it's a small yet significant sacrifice. This is the fish breeding season and the state government has imposed a ban on fishing in designated areas to allow the fish to reproduce. Priyalin's decision is part of a larger movement initiated by Manash Pratim Dutta, a government schoolteacher and conservationist from Dhakuakhana. Along with Haripriya Gogoi, Meghali Das, Rakhipriya ...Read More >
Mumbai, July 7 (PTI) After a 20-hour search operation involving multiple agencies, the "suspicious boat" spotted in the Arabian sea in Maharashtra's Raigad district has been identified as a fishing net buoy which was drifted into the Indian waters with an AIS transponder, police said on Monday. Considering the high alert situation, the sensitive operation has not been called off yet, said Raigad Superintendent of Police Aanchal Dalal. The Indian Coast Guard on Sunday night informed the police that the suspected Pakistani boat, "Muqadar Boya 99" with a boat number MMSI-463800411 was spotted n ...Read More >
Mumbai On High Alert: Unidentified Boat Spotted Near Raigad Coast; Security Protocols Increased (VIDEO) | Representatinal Image A high-alert security scare off the Raigad coast late on Saturday evening triggered a swift and extensive response from the Mumbai Crime Branch, Raigad Police, and multiple maritime security agencies. The suspected Pakistani boat, which was initially believed to pose a possible infiltration threat, was ultimately identified as a floating fishing net buoy commonly used by local fishermen.The suspected Pakistani boat, which was initially believed to pose a possible inf ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu directed officials to transform the state into a zero-crime-rate state by leveraging technology. He emphasised that Andhra Pradesh should become a model state in law and order monitoring through effective use of technology. The Chief Minister conducted a review with officials on real-time governance at the Secretariat. He instructed that crime hotspots be continuously monitored through CCTV cameras to control criminal activities. He also directed officials to revise regulations to allow the use of footage from private CCTV cameras, stressing that ...Read More >