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, Sep 15 (PTI) The wife of the senior government official killed in a collision between their motorcycle and a luxury car near the Delhi Cantonment Metro station had repeatedly pleaded with the accused couple to get them admitted to a nearby hospital, but to no avail, according to the FIR lodged in the case. "The lady took us to a small hospital in GTB Nagar, far from the accident site," the bereaved woman told police in a statement, which is now part of the FIR. Van driver Mohammad Gulfam, who had rushed all four injured people to the hospital, has also made a similar claim. "I was driving a loading vehicle, stopped and rushed the injured to a hospital in Azadpur after the man and the woman in the car asked me to take them there," he told PTI. Police have contacted Gulfam to record his statement. Deputy Secretary in the Department of Economic Affairs, Navjot Singh (52), a resident of Hari Nagar, was killed in the accident on the Ring Road near the Delhi Cantonment Metro station on Sunday afternoon. His wife sustained serious injuries. They were returning home after visiting the Bangla Sahib Gurdwara. The woman, who was allegedly driving the BMW car, and her husband were also injured in the incident. The Gurugram couple was admitted to a hospital for treatment. They are in the business of manufacturing leather saddles, seats, covers, belts and other products. Police said the woman driver of the BMW was taken into custody on Monday following her discharge from the hospital. A case of culpable homicide has been registered in the matter. In her statement to police, Navjot Singh's wife, Sandeep Kaur, said, "I was constantly requesting them to take us to the nearest hospital as my husband was unconscious and needed immediate treatment. Instead, the lady took us to a small hospital in GTB Nagar. That lady told me her name was Gagan Preet Kaur." "My husband was wearing a turban at the time of the crash. But I was wearing a helmet. The crash occurred around 1 pm on Sunday," she was quoted as saying in the FIR. "When we reached near Delhi Cantonment Metro Station, a blue BMW car came from behind at high speed and hit my husband's motorcycle. My husband fell on the road and sustained very serious injuries and multiple fractures to the head, mouth and legs. I too suffered injuries and multiple fractures in the accident on my head and legs. After some time, I also fell unconscious," she said. The FIR records that the BMW was being driven by a woman with a male co-passenger. They put the injured couple into a van-type vehicle and were driven to GTB Nagar. Police noted 1:30 pm as the time of occurrence and the spot near Metro Pillar No. 67 on Ring Road towards Naraina. Further investigation into the case is underway, police said. On Sunday, Singh's son said his parents were returning from Bangla Sahib Gurdwara. "They were on their way to Hari Nagar via Dhaula Kuan when the incident happened. Instead of taking them to a nearby hospital, they were taken (to a hospital) nearly 22 km from the accident site. My mother suffered a head injury, even though she was wearing a helmet, and a fractured femur," he had told PTI Videos. He also alleged negligence on the part of the hospital authorities in admitting his parents. The son claimed that his mother was made to sit in the lobby at the hospital despite her serious condition, while the husband of the BMW driver, who suffered minor injuries, was immediately admitted. "Because of this negligence and delay, my father was declared dead, and my mother kept screaming in pain," he added. The family later shifted her to Venkateshwara Hospital for better treatment. "My mother, who is a teacher, is devastated, and so are we," he had said. According to police, the luxury car and the two-wheeler involved in the collision have been seized, and a forensic examination of the accident site has been conducted. PTI BM BM NSD NSD
Kolkata: Trial runs for Kolkata's first airport-metro link may begin on Monday, Dec 16, sources said. Metro Railway, which is implementing the city's Yellow line, including the first 7 km phase between Noapara and Jai Hind (airport) stations, is chasing a March 2025 deadline to commission the stretch. Before the official trials start on Monday, some pre-trial runs may be conducted on Saturday to ensure that the formal launch of the train run on Monday is glitch-free. "We might take the rake from ...Read More >
Bhubaneswar, Jan 31 (PTI) The Odisha Vigilance Department on Friday arrested an official of the Integrated Tribal Development Agency (ITDA) of Mayurbhanj district after detecting disproportionate assets in his possession. The arrested official was a project administrator at the ITDA in the district's Bonai area. Also Read | 'Touched Private Parts Pricked With Pen': Tuition Teacher in Nagaur, Rajasthan Sexually Abused Class 2 Girl for 6 Months, Arrested. A case has been registered at the Rourkela vigilance police station against the official and his wife under various sections of Prevention ...Read More >
Bengaluru, June 5 (PTI) In a major development, Karnataka Chief Minister Siddaramaiah on Thursday suspended Bengaluru police commissioner B Dayananda and several other senior police officials in connection with the stampede outside the Chinnaswamy Stadium that killed 11 people. He also ordered the arrest of representatives of the RCB team, the event management firm DNA Entertainment Private Limited, and the Karnataka State Cricket Association (KSCA), hours after an FIR was registered against them under various charges, including culpable homicide not amounting to murder. The state government ...Read More >
Shariq MajeedLudhiana: The Congress, on Thursday, claimed that a large section of Ludhiana's legal fraternity had come out in support of party's bypoll candidate, Bharat Bhushan Ashu during a special meeting held on Wednesday. Reiterating their support for Ashu, senior advocate Rajiv Kaushal described him as a "symbol of courage in the face of political vendetta." "Ashu's unwavering commitment to public service and his clean record have earned him the respect of the legal fraternity," he said. Ac ...Read More >
Srinagar: Continuing their efforts to combat the drug menace, the Jammu and Kashmir Police on Thursday seized two vehicles of peddlers in Srinagar city. A police statement said, "Continuing its efforts to eradicate the menace of drugs from the society, police in Srinagar have seized two vehicles acquired through proceeds of illegal narcotics trade. Srinagar Police have seized two vehicles, a Corolla bearing registration number DL4CNE 6086 and a BMW bearing registration number JK01AF-0047 in case FIR No. 36/2024 u/s 8/21 NDPS Act of Police Station Chanapora from the accused person namely Muda ...Read More >
Patna: The son of senior Congress leader Shakeel Ahmed Khan was found dead in Patna on Monday, police said. The body of Ayaan Ahmad Khan was found hanging from a ceiling fan at the official residence of his father, the Bihar Congress Legislature Party leader, in Sachiwalaya area here, a senior officer said. Speaking to PTI, Patna Senior Superintendent of Police (SSP) Awkash Kumar said, "Senior officials along with forensic experts have reached the spot and are collecting scientific evidence. The matter is being investigated from all angles." The body has been sent for post-mortem examination, ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
New Delhi: Nearly three weeks after businessman Arun Lohia was fatally shot inside his SUV near Chhatarpur Metro Station in South Delhi, two of the alleged shooters were injured and arrested during a police encounter on the Chirag Delhi-Khanpur stretch on Thursday. Investigations revealed that the killing stemmed from a land dispute. A third suspect was also taken into custody.According to police, the murder took place on May 15. The victim, Arun, a resident of Aya Nagar and owner of several local warehouses, was attacked around 1 pm while returning from Saket Court with his father, Rambir Loh ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >
Sambhal (UP), Dec 15 (PTI) Weeks after violent clashes over a court-ordered survey of the Shahi Jama Masjid claimed four lives, the district administration has launched a campaign against encroachments and illegal power theft in the area around the historic mosque. As part of its efforts, the administration began removing encroachments from the area on Sunday morning. According to Additional Superintendent of Police (ASP) Shrish Chandra, the focus is on clearing drains outside houses and shops in the area under the Nakhasa police station. The area is close to the residence of Samajwadi Part ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
Bengaluru: A day after 11 people died and several injured in a stampede at the M Chinnaswamy Stadium, an FIR has been filed against the managements of Karnataka State Cricket Association (KSCA), Royal Challengers Bengaluru (RCB) and a private event management company - DNA Entertaiment Private Limited - at the jurisdictional Cubbon Park Police Station here. According to the Karnataka Police, an FIR has been filed under Sections 115 (voluntarily causing hurt), 118 (causing grievous hurt by dangerous weapons or means) and 105 (culpable homicide not amounting to murder) of Bharatiya Nyaya Samhit ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
Shimla, Jan 14 (PTI) Himachal Pradesh Police has filed an FIR against two men from Haryana for allegedly raping a married woman in a hotel in Kasauli, officials said on Tuesday. The accused, Mohanlal Badoli and Jai Bhagwan alias Rocky, also made videos of the act and threatened to kill the victim if she disclosed the incident to anyone, they said. The FIR was registered in Kasauli in Solan district on December 13, 2024. A copy of the FIR was doing the rounds on social media on Tuesday. According to the FIR, the woman was staying in a hotel in Kasauli with her boss and friend when she and he ...Read More >
Kolkata: On the 13th day of teachers' protest outside Bikash Bhavan, the protesting teachers split among themselves and formed a new platform. At least 2,500 protesters stood by the chief minister, as stated in a press conference by education minister Bratya Basu on Monday. Reacting to a question from media, Basu said in Titagarh, "I will trust those who have written to me expressing their faith in the chief minister."The new organisation formed was named the West Bengal Untainted Teachers Associ ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance. The two GoMs ...Read More >
Ahmedabad: Infocity police in Gandhinagar registered a theft case on Wednesday after materials worth Rs 3.81 lakh were stolen from the GNLU metro station at Koba village. This was the third theft reported on the Ahmedabad-Gandhinagar metro rail network in the past two weeks.Ravindrasinh Bihola, a 27-year-old security guard, filed the FIR with Infocity police. He stated that he was posted at the GNLU metro station for the past three months. He was on night duty from 8 pm to 8 am. According to his complaint, the theft occurred during the intervening night of May 30 and May 31.Bihola said that th ...Read More >
The agitators demanded strict punishment for those who insulted the statue. Violent protests took place for the second day in central Maharashtra's Parbhani city on Wednesday over alleged vandalising of a replica of the Indian Constitution, police said. Amid the bandh called by some organisations, a mob indulged in arson and police fired teargas shells in response, a senior official told PTI. How did the protest begin? An unidentified person on Tuesday damaged a replica of the Constitution he ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations, they added. Earlier in March last year, the government rolled out an electric-vehicle policy, under which duty ...Read More >
New Delhi, Jun 5 (PTI) Moody's Ratings will consider India-Pakistan conflict while evaluating India's rating, a source said. Representatives from the US-based rating agency on Thursday met India's finance ministry officials. Moody's currently has the lowest investment grade rating for India at "Baa3" with a stable outlook. "The rating agency will consider India-Pakistan conflict in its sovereign rating assessment," a source said. Last month, Moody's had said escalation of tensions between India and Pakistan will not have any major economic disruption in the country, but will be a setback f ...Read More >
Bengaluru, Jun 5 (UNI) A First Information Report (FIR) was registered against IPL champions Royal Challengers Bengaluru (RCB), the event management firm DNA Entertainment, and the Karnataka State Cricket Association (KSCA) on Thursday in connection with the stampede that left 11 dead and over 30 injured outside the Chinnaswamy Stadium here. The incident occurred during RCB's victory parade and public felicitation ceremony on Wednesday following their maiden IPL title win. According to police, over two lakh fans had gathered outside the stadium, far exceeding its 35,000-seat capacity. Chaos ...Read More >
Lucknow, Jun 5 (PTI) A three year old girl was allegedly raped and is said to be in a critical condition, police here said on Thursday. According to police, the incident occurred on late Wednesday night when the girl, daughter of daily wage labourers, was sleeping under a metro station. The accused took the girl away while her parents were sleeping and raped her at a secluded place, police said. Following the report, senior officials, including the Deputy Commissioner of Police (Central) Ashish Kumar Srivastav inspected the crime scene on Wednesday night itself. The girl was rushed to a hos ...Read More >
Passengers who previously paid Rs 5 for the minimum 2 km journey will now pay Rs 15, while those travelling the entire route between New Garia and Dum Dum will pay Rs 35 instead of Rs 25 Passengers taking the Kolkata Metro after 10:40 pm will face an additional fare starting December 10, with a surcharge of Rs 10 being added to all tickets. This change applies across the Dum Dum-New Garia section of the North-South Corridor, where the 'night special' service has been operational since May 24, 2024. Due to low ridership, the last train's timing was adjusted by 20 minutes on June 24, 2024. A K ...Read More >
New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, recapitalising PSBs, and reforms in the financial system to address the challenges faced by PSBs, it ...Read More >