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.
Mumbai (Maharashtra) [India], September 15 (ANI): The India Meteorological Department (IMD) has issued a red alert for Mumbai after overnight heavy rainfall caused severe waterlogging in several parts of the city. According to IMD Mumbai, intense to very intense spells of rain accompanied by thunderstorms, lightning, and gusty winds reaching 30-40 kmph are likely to continue in Mumbai and adjoining districts of Thane and Raigad. Also Read | Tamil Nadu Weather Forecast: IMD Predicts Heavy Rain Across Multiple Districts Over Next Few Days, Check Details. The downpour disrupted traffic movement in multiple areas. The Mumbai Traffic Police, in the early hours of Monday, announced the closure of traffic at Andheri Subway due to one to one-and-a-half feet of accumulated rainwater. "Due to one to one-and-a-half feet of rainwater accumulating at Andheri Subway (Andheri West), traffic there has been closed, and the traffic has been diverted via Gokhale Bridge," the Mumbai Traffic Police posted on X. Also Read | Jaunpur Road Accident: 4 Pilgrims Dead, 9 Others Injured As Tourist Bus en Route to Varanasi Crashes Into Trailer in Uttar Pradesh (Watch Video). Meanwhile, citizens of Pune also experienced heavy rainfall on Monday morning. "Light to moderate rain/thunderstorm at many/some places with isolated heavy rainfall likely over Konkan & Goa, Madhya Maharashtra & Marathawada on 16th September with hefty falls over Konkan & Goa, Madhya Maharashtra & Marathawada 14th & 15th September," read the forecast issued by the IMD. Authorities have advised citizens to remain cautious in view of the weather conditions. Meanwhile, the monorail service came to a halt in the Wadala area of Mumbai due to technical glitches on Monday morning. No casualties were reported in the incident, and all passengers were evacuated and transferred to another monorail, said Mumbai Metropolitan Region Development Authority. Speaking to ANI, Ward Councillor Rajesh Bhojane has urged the Maharashtra government to resolve the issue, which is happening repeatedly. "The train heading to Wadala halted. Passengers were transferred to the train coming from Chembur. The Fire Brigade came later and started their operation. Monorail officials are saying that it was a supply issue. I urge the Govt to resolve this recurring issue," said Rajesh Ananda Bhojane, Ward Councillor of Ward 175, and a member of Republican Party of India (Athawale). The Maha Mumbai Metro Operation Corporation Ltd, said that all safety protocols were followed and the faulty vehicle was towed away. "Today, a technical snag occurred in one of the mono trains. As per safety protocols, all 17 passengers onboard were swiftly and safely transferred to another train and taken to the next station by 7.40 AM. The affected train is being towed away. Sant Gadge Maharaj Chowk to Wadala services are operational on single line with delay. Wadala to Chembur services are operational. Wadala to Sant Gadge Maharaj Chowk: Normal services will be resumed shortly. Passenger safety remains our top priority," it said. In a similar incident on August 19, a monorail train near Mysore Colony station in Mumbai broke down due to a power supply failure, prompting a swift rescue operation by the Brihanmumbai Municipal Corporation (BMC), fire department personnel, and police. (ANI)
Khordha (Odisha): A severe cold wave gripped northern Odisha on Sunday, with the Mayurbhanj in the northern part of the State bearing the brunt of the intense chill with Ramatirtha area in the district recording as low as -10 degrees Celsius. According to the Forest Department, temperatures while other areas such as Gurguria and Barehipani recorded 6 degrees Celsius, Chahala 4 degrees Celsius, Nawana -5 degrees Celsius, and Upper Baraha Kamuda (UBK) -3 degrees Celsius. Statement Of IMD Scientist Dr Soma Sen Roy On Saturday, IMD scientist Dr Soma Sen Roy said that the cold wave will last for ...Read More >
Khordha (Odisha) [India], December 15 (ANI): A severe cold wave gripped northern Odisha on Sunday, with the Mayurbhanj in the northern part of the State bearing the brunt of the intense chill with Ramatirtha area in the district recording as low as -10 degrees Celsius. According to the Forest Department, temperatures while other areas such as Gurguria and Barehipani recorded 6 degrees Celsius, Chahala 4 degrees Celsius, Nawana -5 degrees Celsius, and Upper Baraha Kamuda (UBK) -3 degrees Celsius. Also Read | CAT 2024 Results: IIM Calcutta Likely To Release CAT 2024 Results Today at iimcat.ac. ...Read More >
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
New Delhi [India], January 17 (ANI): Congress candidate from Malviya Nagar assembly, Jitender Kumar Kocher, on Friday, slammed the Aam Aadmi Party (AAP) and said that Delhi wants a change and that people in the national capital seek relief from AAP. "Delhi wants a change. They want relief from AAP... The people of Delhi still remember the work I did... Only Congress will form a government in Delhi. Malviya Nagar is not getting clean. There is garbage everywhere. Sewers are choked. I am going to people with work I have done in 15 years. Congress will be ahead of all the parties in this electio ...Read More >
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port."The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power ...Read More >
Traffic Diversions for oath-taking: The swearing-in ceremony of the new Maharashtra Chief Minister will be held at Azad Maidan in South Mumbai tomorrow, December 5. Mumbai Traffic Police has issued an advisory in view of the event. The traffic diversions will remain in place from 12 PM tomorrow till the end of the programme. Devendra Fadnavis was on Wednesday unanimously elected as Maharashtra BJP legislature party's leader, paving the way for his swearing-in as the chief minister for a third time. Prime Minister Narendra Modi and other BJP leaders are set to attend the grand swearing-in cerem ...Read More >
Bengaluru, Dec 12 (PTI) Rains lashed Bengaluru and parts of the south interior and coastal districts of Karnataka, causing traffic congestion on Thursday, officials said. For the next 24 hours, Bengaluru city and neighbourhood areas are likely to witness a generally cloudy sky with moderate rain likely in some areas, they said. In a statement, the India Meteorological Department (IMD) attributed the weather to a well marked low pressure area over Gulf of Mannar and neighbourhood with the associated upper air cyclonic circulation extending up to midtropospheric levels persists. The system is ...Read More >
Uttarakhand (Dehradun) [India], May 19 (ANI): The Indian Meteorological Department (IMD) has issued an orange alert for heavy rain in the hilly districts of Uttarakhand, effective today and tomorrow. In light of this warning, the Uttarakhand Police have issued a safety advisory for pilgrims undertaking the Chardham Yatra. Pilgrims are advised to exercise caution while travelling, consider the weather conditions, and call 112 in case of any emergency." Authorities are working to ensure public safety and minimise disruptions," said the police authorities. In light of the forecast, the Uttarakh ...Read More >
Aizawl, June 2 (SocialNews.XYZ) All the government and private schools in Mizoram remained closed on Monday due to heavy rains that triggered landslides, rockfalls, and waterlogging in different parts of the mountainous state, officials said. A senior official of the School Education Department said that Deputy Commissioners of all 11 districts issued separate notifications closing the schools on Monday as a precautionary measure to ensure the safety of the students. After the beginning of the current spell of heavy rain, earlier, schools were closed across the state for two days on May 29 a ...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 >
Meghalaya government introduced the Draft Meghalaya Film Tourism & Creative Media Policy 2025. Chief Minister Conrad K. Sangma disbursed Hello Meghalaya Grants to local filmmakers. The government aims to empower youth through creative platforms. The film policy offers financial incentives and skill development projects. Public feedback is welcome until June 20, 2025. Guwahati: Meghalaya chief minister Conrad K. Sangma unveiled the Draft Meghalaya Film Tourism & Creative Media Policy 2025 and dis ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
Delhi residents breathed easier Thursday as air quality improved to 'moderate' after a month of severe pollution. The AQI dropped to 161, though some areas still experienced 'poor' air quality. Cooler temperatures and mist accompanied the improved air, with the minimum temperature reaching 9 degrees Celsius. The Supreme Court maintained GRAP-IV restrictions, demanding compensation for construction workers from NCR states.Residents in Delhi took a sigh of relief on Thursday as the air quality inde ...Read More >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...Read More >
Imphal (Manipur) [India], January 21 (ANI): Security personnel have been conducting search operations and area domination in the fringe and vulnerable areas of the hills and valley districts in Manipur in the last few days. A number of arms and ammunition were recovered during the search operations, officials said in a statement on January 19. As per the officials, one 7.62 mm sniper rifle, five 9 mm pistols with five magazines, two SBBL guns, two no. 36 hand grenades, six live round ammunition, two shells, one tear smoke shell (chilli), and one Motorola handset were recovered from the gener ...Read More >
The National Disaster Response Force (NDRF) has deployed 18 teams across Maharashtra for rapid rescue and relief operations, as the India Meteorological Department (IMD) has predicted above-normal monsoon rainfall this year, with urban areas like Mumbai already showing signs of strain, Mid-day reported. Between May 25 and 26, NDRF teams responded to emergencies in Pune, Solapur, and Satara. While local agencies managed to rescue nine people in Baramati and Indapur, NDRF teams were redirected to Phaltan in Satara and Kurubavi in Solapur. In Solapur, a team carried out a midnight rescue operati ...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 >
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], December 11 (ANI): Rohini District Court on Wednesday issued a notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by AAP leader Satyendra Jain. Jain has stated that Bansuri Swaraj made defamatory remarks in an interview with a television channel in October 2023. Senior Civil Judge Naina Gupta issued notice to Bansuri Swaraj and others and sought a response to the suit. The next date of hearing is 22 February 2025. Jain has prayed for direction to the TV channel to take down the content in question and restrain her from making further statements. Jain has cla ...Read More >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...Read More >
UP School holiday: Due to cold waves and low temperatures, schools in several districts of Uttar Pradesh remain closed. Authorities are closely monitoring the weather to make decisions about reopening. In some areas, the weather is still unfavorable, allowing students to enjoy holidays until January 25, 2025. As per orders from District Magistrate Chandra Vijay Singh, all schools in Ayodhya for classes up to 5 will remain closed until January 25, 2025. Students from classes 6 to 12 must attend classes from 10:00 AM to 3:00 PM. This order applies to aided, recognized, and schools of all boards ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...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 >
Hyderabad, Dec 12 (VOICE) Cold wave conditions prevailed in parts of Telangana with minimum temperature dropping to single digit in at least six districts on Thursday. The average minimum temperature in the state was 14.3 degrees Celsius, which is 2.7 degrees below normal. Among all 33 districts, Adilabad was the coldest with average temperature of 9.3 degrees Celsius and Bela in Adilabad district was the coldest place in the state with the lowest temperature of 7 degrees Celsius, said meteorologists at the Telangana Development Planning Society (TGDPS). The lowest temperature in Sirpur (U) ...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 >
Dharamshala (Himachal Pradesh) [India], June 5 (ANI): Fresh snowfall on Thursday caused a sharp drop in temperature in the Dhauladhar mountain ranges in Himachal Pradesh. Snowfall on the higher reaches is very rare in June. The minimum temperature in Dharamshala was recorded at 16 degrees Celsius, whereas the maximum temperature was 21 degrees Celsius. Also Read | OpenAI Academy India: ChatGPT Developer Launches First International Initiative To Expand Education Platform Partnering With IndiaAI Mission in Country. It has been raining every day for a week in Dharamshala. Tourism industry peo ...Read More >
Gandhinagar (Gujarat) [India], June 5 (ANI): Gujarat Chief Minister Bhupendra Patel graced the distribution ceremony of 50 JCB machines organised by the Bharwad Yuva Sangathan - Gujarat Pradesh, held at Town Hall in Gandhinagar on Thursday. During the event, 50 economically disadvantaged youths from the Bharwad community were provided with JCB machines without any down payment, as part of an initiative to empower them towards self-reliance, according to the press release. Commending the efforts of the organization, the Chief Minister stated that Prime Minister Narendra Modi has always emphas ...Read More >
Sambhal (Uttar Pradesh) [India], December 3 (ANI): Sambhal District Magistrate Rajendra Pensiya on Tuesday wrote to the officers of neighbouring districts--Bulandshahr, Amroha, Ghaziabad, and Gautam Buddha Nagar--requesting them to stop Lok Sabha Leader of Opposition Rahul Gandhi at their district borders. The Sambhal DM addressed the letter to the Police Commissioners of Gautam Buddha Nagar and Ghaziabad, along with the Superintendents of Police (SP) of Amroha and Bulandshahr. "On November 24, a remaining survey was conducted, following which members of the Muslim community staged massive p ...Read More >
India Budget: The Union Budget 2025-26 should prioritise giving tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from ₹3 lakh to ₹5 lakh and lowering tax rates, according to Ernst & Young India (EY India), a global consulting firm. EY India also recommended delaying the tax deduction at source (TDS) on provident fund (PF) interest above ₹2.5 lakh until the withdrawal stage to reduce the compliance burden on taxpayers. Also Read: India to simplify decades-old income tax filing rules in Budget In the last budget, some TDS rate rationalisation was intro ...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 >