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.
While India must put in place the best possible dispute resolution system, there is a need to further liberalise the policy regime for FDI, besides improving the conditions for doing business in the various states. The National Democratic Alliance regime is optimistic of attracting $100 billion annually in foreign direct investments (FDI) as it is currently the world's fastest-growing large economy with unmatched market growth opportunities in sunrise sectors such as semiconductors, electric vehicles, clean energy, electronics, and consumer goods where penetration levels in the country's population are far lower than the global average. This aspirational target must be seen in the context of the annual average of $77 billion in gross inflows during the previous five years to FY24. In the current fiscal till August, they were up by 32% to $36 billion when compared to April-August FY24. Direct investments are much lower, averaging $47 billion during the last five years -- and $15.3 billion in April-August this fiscal -- if repatriations and disinvestments are factored in. The last-mentioned factor is not good news for India's FDI objectives as it indicates waning foreign ibninvestor interest; that they are reducing their exposure and even exiting the market. All of this suggests a different narrative from the bullish official statements on the FDI front. The question naturally is, why all of this is happening? A recent column in this newspaper by Vijay Kelkar and Pradeep S Mehta suggests that foreign investors have been "turned off" by changes in the dispute settlement system. A few years ago, the government suspended all bilateral investment treaties which had provisions for international arbitration and redrafted them with a proviso that domestic remedies must first be exhausted before approaching any international tribunal. The long delays in pursuing local remedies are reflected in the fact that $6 billion is tied up in installed projects and investments embroiled in disputes awaiting resolution. The judicial infrastructure is strained, leading to delays and higher litigation costs. There is a tendency of domestic courts to overturn foreign arbitral awards, which can deter potential investors. The good news in this regard is the government's recent decision to ink bilateral investment treaties with trading partners like the UAE, which are slightly divergent from its redrafted text. This can serve as a template for free trade agreements with the UK and the European Union.
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
India's foreign direct investment (FDI) reached $81.04 billion in FY 2024-25, marking a 14% growth over the previous year, as investors lauded the country's liberalized policy regime and proactive economic reforms at an Investor Roundtable held in New Delhi. The event, hosted on June 5 at Vanijya Bhawan, brought together over 90 representatives from industrial parks, multinational firms, and business associations, with more than 50 industrial parks from states including Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka, and Tamil Nadu participating in discussions. Union Minist ...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 >
India's Free Trade Agreements (FTA) with other countries will not impact prices of luxury cars in India, according to Mercedes-Benz India. The German luxury carmaker stated that across automakers operating the country, luxury cars are majorly manufactured in India. "We have always encouraged free trade. We are looking forward to the EU-India FTA and even the India-UK FTA; they surely drive the economic growth of the country, for the segments. As a large multinational operating in multiple geographies, we have always advocated free trade and we continue to do that. There are expectations that ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
New Delhi, Jan 28 (VOICE) The Muslim women have been empowered further by the Central government as they have been also included as members of the Waqf boards. Some of the key provisions of the Waqf Amendment Bill, 2025 are as follows: two Muslim women will continue to be included as members in both the State Waqf Boards (Section 14) and the Central Waqf Council (Section 9) to ensure Muslim women's empowerment and participation in waqf management. Also, the State Waqf Boards will now include one member from the Muslim OBC community, ensuring broader representation (Section 14). The informat ...Read More >
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, the government had approved a Rs 16,300-crore National Critical Mineral Mission, envisaging a total o ...Read More >
NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a "very big" agreement with India will be forthcoming soon. In a presser at the White House, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.""We're not going ...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 >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...Read More >
New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...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 >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and spirits from the current 150 per cent to 100 per cent immediately and then down to a resting customs d ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...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 >
Gandhinagar (Gujarat) [India], June 7 (ANI): Gujarat Chief Minister Bhupendra Patel, while inaugurating the new Development Center of Infosys at GIFT City, reaffirmed the State Government's commitment to advancing the AI industry by implementing artificial intelligence-based systems across the state. He stated that the establishment of an AI Centre of Excellence at GIFT City is aimed at creating a unified platform that brings together solution developers, experts, professionals, and startups under one roof. Also Read | Latur Shocker: Man Kidnaps Woman's Child for Rejecting His Proposal for A ...Read More >
Singapore, 26 June (Argus) -- Indian metal firm Hindalco has acquired a full stake in US-based alumina producer AluChem for $125mn, it announced on 24 June. Aditya, Hindalco's wholly owned subsidiary, will carry out the acquisition. The transaction is expected to close in the third quarter, pending customary closing conditions and regulatory approvals. AluChem is a specialty-alumina manufacturer with an annual capacity of 60,000t across its three manufacturing facilities in Ohio and Arkansas. It produces ultra-low soda calcined and tabular alumina for use in high-precision mechanical compone ...Read More >
Mumbai, June 8 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Sunday debunked all allegations made by Congress leader Rahul Gandhi about rigging and match-fixing in the 2024 Maharashtra Assembly elections. In his articles titled 'Those Rejected by the People Deny the Mandate', published in the same three newspapers where Gandhi's write-ups appeared, CM Fadnavis advised the Congress MP to "accept defeat, introspect on where you went wrong, why your connect with the people is lacking, and what needs to be done." He taunted Gandhi, saying that the latter was preparing excuses for "defeats ...Read More >
India must ensure any trade deal with the U.S. is fair, not politically driven, and protects its farmers, digital ecosystem, and regulatory sovereignty, the Global Trade Research Initiative (GTRI) said on Friday. With India's chief negotiator in Washington and a July 9 deadline approaching (marking the end of U.S. President Donald Trump's 90-day tariff suspension), a limited mini-deal appears likely.Any trade agreement with the US must not be politically driven or one-sided and India should protect its farmers, digital ecosystem, and policy space, economic think tank GTRI said on Friday. With ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. "If the US is taking investment from China, if Germany is taking, I would ...Read More >
Brescia: India and Italy Thursday cautioned against some countries' dominance on critical minerals and how the over-dependence on these key components of semiconductor, aerospace industry and EV batteries can be reduced. Commerce and industry minister Piyush Goyal said the concentration of critical minerals and their supply chains in a few geographies can hurt economic development of countries while Italian Deputy Prime Minister and foreign minister Antonio Tajani said the private sector of the two countries can consider forming joint ventures in this segment. The concerns assume significanc ...Read More >
New Delhi: British Foreign Secretary David Lammy will pay a two-day visit to India beginning Saturday to review bilateral ties in areas of trade as well as defence and security. Lammy will hold wide-ranging talks with his Indian counterpart S Jaishankar, and is scheduled to call on Prime Minister Narendra Modi, officials said on Friday. The British foreign secretary will also meet Commerce Minister Piyush Goyal. Lammy's visit to New Delhi comes over a month after the two countries finalised an ambitious free trade agreement (FTA). It is learnt that his visit is also expected to focus on prepa ...Read More >
New Delhi, Jun 26 (PTI) The National Legal Services Authority (NALSA) and the Supreme Court's Mediation and Conciliation Project Committee (MCPC) will have a 90-day long "For the Nation" mediation campaign starting July 1 to settle pending cases. The pan-India mediation campaign would continue till September 30, 2025. Also Read | Udhampur Encounter: 1 Terrorist Killed in Gunfight With Security Forces in Jammu and Kashmir. "Mediation 'For the Nation' campaign is being launched across India to settle the pending cases and make people believe that mediation as a mechanism for dispute resolutio ...Read More >
New Delhi, Jun 27 (PTI) The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, i ...Read More >
Raipur (Chhattisgarh) [India], July 1 (ANI): Chhattisgarh is rapidly emerging as one of India's fastest-growing industrial hubs, having received investment proposals over Rs 6.75 lakh crore in the past one and a half years and reflecting a strong and growing confidence among investors. This progress was further reinforced at the 'Industry Dialogue 2' held in Raipur on Tuesday. In the presence of Chhattisgarh Chief Minister Vishnu Deo Sai, new proposals worth Rs 1.25 lakh crore were finalised. Also Read | Sivakasi Cracker Factory Blast: 5 Killed, 2 Injured in Explosion in Gokulesh Fireworks F ...Read More >
New Delhi: US President Donald Trump on Tuesday suggested that Tesla CEO Elon Musk could face deportation as their increasingly personal feud intensified over Trump's sweeping tax-cut and spending reduction plan, dubbed the "Big Beautiful Bill." Asked by reporters whether he would consider removing Musk from the country, Trump replied, "I don't know, we'll have to take a look," according to Newsweek. The president went further, threatening not only to strip subsidies but to unleash DOGE, the Department of Government Efficiency on the billionaire entrepreneur. "DOGE is the monster that might ...Read More >
Trump's pledge to impose 25% tariffs on Mexico and Canada would lead to 400,000 job losses in the US, Economy Minister Marcelo Ebrard said Wednesday during a press conference alongside President Claudia Sheinbaum. A veteran of confrontational North American trade talks during Trump's first administration, Ebrard gave a presentation on how a new round of levies would affect the Mexico-US relationship. Also Read : France, Germany, Sweden urge EU to avoid China reliance on EV batteries Ebrard said the new tariffs would mainly hit US automotive companies active in Mexico, including General Moto ...Read More >
New Delhi, Jun 6 (PTI) Tata Electronics on Friday said it has inked a pact with Bharat Electronics Limited (BEL) to boost the development of indigenous electronics and semiconductor solutions. The signing of the Memorandum of Understanding (MoU) marks a significant step forward for Tata Electronics and BEL in jointly exploring end-to-end solutions to meet domestic requirements, according to a release. BEL, a Navratna PSU under the Indian Defence Ministry, specialises in design, development, and manufacture of advanced electronics systems. The MoU was signed on June 5, 2025, by Randhir Thaku ...Read More >