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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.

28
BusinessSep 15, 2025 07:29 PM

Exports rise 6.7 pc to USD 35.1 bn in August, imports decline

New Delhi, Sep 15 (PTI) India's exports rose 6.7 per cent to USD 35.1 billion in August annually, while imports declined 10.12 per cent to USD 61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to USD 26.49 billion in August, as against USD 35.64 billion in the year-ago month. The US was top exporting destination for India at USD 6.86 billion showing a growth of 7.15 per cent year-on-year, followed by the UAE (USD 3.24 billion), the Netherland (USD 1.83 billion), China (USD 1.21 billion) and the UK (1.14 billion) during August. Trade tensions have been simmering between India and the US, with the latter slapping steep tariffs on Indian goods. On the other hand, India imported maximum goods from China at USD 10.91 billion, followed by Russia (USD 4.83 billion), UAE (USD 4.66 billion), the US (3.6 billion), and Saudi Arabia (USD 2.5 billion). According to the data released by the ministry of commerce, cumulative merchandise and services exports increased to USD 69.16 billion in August, compared to USD 63.25 billion in corresponding month last year. The combined imports were valued at USD 79.04 billion compared to USD 84.99 billion in August 2024, leaving a trade deficit of USD 9.88 billion. The cumulative exports (merchandise and services) during April-August 2025 is estimated at USD 349.35 billion, as compared to USD 329.03 billion in April-August 2024, showing a growth of 6.18 per cent. Major drivers of merchandise exports growth in August 2025 include electronic goods (USD 2.93 billion), engineering goods (USD 9.9 billion), gems and jewellery (USD 2.31 billion), petroleum products (USD 4.48 billion) and drugs and pharmaceuticals (USD 2.51 billion). As per the data, India imported vegetable oils worth USD 2 billion, fertilisers worth USD 1.65 billion; coal, coke and briquettes worth USD 2 billion; petroleum products worth 13.26 billion; chemicals worth USD 2.49 billion, and electronic items worth USD 9.73 billion in August. Gold imports declined 56.67 per cent to USD 5.43 billion in August from USD 12.55 billion in the year-ago month. The commerce ministry data showed non-petroleum, non-gems and jewellery (gold, silver and precious metals) imports in August 2025 were USD 41.02 billion compared to USD 41.41 billion in August 2024. The estimated value of services export for August 2025 was USD 34.06 billion as compared to USD 30.36 billion in the year-ago month. Value of services imports were estimated at USD 17.45 billion as compared to USD 16.46 billion in August 2024. The estimated value of service exports during April-August 2025 was USD 165.22 billion and imports at USD 84.25 billion. This led to a trade surplus of USD 80.97 billion during April-August 2025 as compared to USD 68.25 billion in the year-ago period. PTI RSN NKD HVA

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26
BusinessJan 21, 2025 11:24 AM

Gold benefits from softer dollar

Bengaluru -- Gold prices rose for a second session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of US President Donald Trump's policies in his second term after his inauguration. Spot gold gained 0.6% to $2,724.74/oz by 2.40am GMT. US gold futures was 0.2% lower at $2,742.50. The dollar was down about 1% after reports suggested any new taxes would be imposed in a "measured" way. A weaker dollar makes gold more attractive to foreign buyers. "There is a sense of relief in risk sentiment to know that tariffs have not been an immediate focus. The unwindin ...Read More >

38
BusinessFeb 10, 2025 11:49 PM

Rupee rises 5 paise to 87.45 against USD after inching close to 88-level in intra-day trade

Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >

24
BusinessDec 03, 2024 01:03 PM

Contaminated sanitary towels fuel growing distrust among Chinese consumers

Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >

22
BusinessDec 03, 2024 03:02 PM

Contaminated sanitary towels fuel growing distrust among Chinese consumers

Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...Read More >

34
BusinessJan 31, 2025 09:18 PM

Core sector industries record 4 pc growth in December - Weekly Voice

New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth rate of the core industries, therefore, is an indicator of the overall industrial growth rate. Apa ...Read More >

35
PoliticsMay 19, 2025 03:24 PM

Three arrested in TN elderly couple murder case

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 >

28
BusinessMay 28, 2025 04:07 PM

PM Modi to lay foundation stone, inaugurate projects worth Rs 20,900 crore in Kanpur

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 >

37
BusinessNov 29, 2024 10:43 AM

Rupee falls 2 paise to 84.49 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >

38
BusinessDec 02, 2024 03:46 PM

Indonesia, Canada sign comprehensive economic partnership By Reuters

JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable growth. "Together, we advance sustainable critical mineral management, supporting Indonesia's net ...Read More >

30
BusinessDec 03, 2024 02:59 PM

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says By Reuters

FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commodities more expensive, while likely retaliation from Europe will also raise costs. Cipollone, speaking i ...Read More >

26
BusinessDec 11, 2024 09:56 AM

Maha: DRI seizes gold, silver, cash worth Rs 19.6 Cr in major bust of gold smuggling operation in Mumbai | Central India's Premier English Daily

Mumbai, (UNI) The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit (MZU), has successfully busted a major gold extraction and refining facility involved in the illegal melting of smuggled gold, officials said here on Tuesday. Acting on a specific intelligence, DRI officers conducted searches at three related locations, leading to the recovery of substantial quantities of smuggled gold, silver, and cash. The operation resulted in the seizure of 23.92 kilograms of gold bars and melted form, including foreign-marked gold, along with 37 kilograms of silver. Additionally, cash amount ...Read More >

33
BusinessDec 02, 2024 03:43 PM

EM stocks rise on Chinese manufacturing boost; Indian rupee hits record low

Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >

34
BusinessDec 18, 2024 05:42 PM

Gold falls Rs 200 to Rs 79,100 per 10 gm; silver rises Rs 500

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 >

19
BusinessJan 02, 2025 06:48 PM

Latest News | EV Players to Meet Goyal on Friday, Discuss Infra-related Issues | LatestLY

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 >

25
BusinessJan 10, 2025 04:05 PM

Rupee hits 86 against US dollar - OrissaPOST

Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president January 20. At the interbank foreign exchange, the ...Read More >

24
BusinessMay 27, 2025 02:30 PM

India's goods, services exports may reach USD 1 trn this fiscal: FIEO

New Delhi, May 27 (PTI) The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machine ...Read More >

25
BusinessJun 02, 2025 02:32 PM

Mercedes Benz, Volkswagen-Skoda, Hyundai, Kia interested in making EVs in India: Minister

New Delhi, Jun 2 (PTI) Global automobile makers including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said on Monday. The said companies have expressed interest during the stakeholder discussions between the government and the industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India', the detailed guidelines for which were unveiled by the minister. While the scheme was notified on March 15 last year, its guidelines were issued on Monday. Offici ...Read More >

28
BusinessNov 18, 2024 04:56 AM

Dollar sitting pretty, yen bears wary of BOJ hawks By Reuters

The U.S. dollar continued its strong run on Monday, bolstered by soaring Treasury yields and expectations of limited Federal Reserve rate cuts. Meanwhile, the yen steadied ahead of a key speech by Bank of Japan Governor Kazuo Ueda, where he may hint at a possible rate hike in December, with markets pricing a 55% chance of such a move. Japanese Finance Minister Katsunobu Kato's warning on yen intervention caused a temporary pullback, while the dollar index touched a one-year high of 107.07. Analysts forecast further dollar gains as U.S. economic policies and performance outshine global peers. K ...Read More >

19
BusinessNov 27, 2024 01:44 PM

Uganda: Government to extend high-speed internet to all sub-counties

The Minister for Information, Communication, Technology and National Guidance, Hon. Chris Baryomunsi has unveiled government plans to extend internet connectivity to all sub-counties through a loan acquired from the Exim Bank of China. Baryomunsi said that with the US$150 million, government will go beyond its ministries, departments, agencies (MDAs) and district headquarters) to connect all sub-counties to the National Backbone Infrastructure (NBI). "This is vital for ensuring that all regions benefit from the digital economy. Last mile connectivity, the final segment connecting the NBI to ...Read More >

26
BusinessDec 03, 2024 03:01 PM

EUR/CHF: French Political Fiasco May Trigger a Major Bearish Breakdown | Investing.com

Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a key intermediate support of 0.9255, a key swing low made almost a year ago on 29 December 2023. Fig 1 ...Read More >

23
BusinessDec 03, 2024 06:07 PM

Business News | Oilfields (Regulation and Development) Amendment Bill, 2024 Passed in Rajya Sabha | LatestLY

New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >

16
BusinessDec 12, 2024 05:58 PM

Gold rises Rs 500 per 10 gm; silver at Rs 97,000 per kg

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 >

21
PoliticsDec 13, 2024 11:30 AM

SC grants future bail to ex WB minister Partha Chatterjee in case related to cash-for-job scam

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 >

23
SportsJan 31, 2025 10:29 PM

Swimming sensation Desinghu continues to rule the pool at National Games, Manipur jumps to top spot

Dehradun/Haldwani, Jan 31 (PTI) Karnataka's 14-year-old swimming sensation Dhinidhi Desinghu clinched her fourth gold, while weightlifters continued to impress with Manipur's Bindyarani Devi smashing a national record on a day when the tiny northeastern state jumped to the top of medal tally at the National Games on Friday. A sporting powerhouse despite its small size, Manipur moved up two rungs after winning eight medals, including a gold each from weightlifting and wushu, for a total of 19 (9 gold, 7 silver, 3 bronze). Services, though, were close on the heels of Manipur with just one less ...Read More >

27
BusinessFeb 04, 2025 05:12 PM

Budget non-inflationary, focuses on fiscal prudence; monetary policy should work in tandem: Fin Secy

New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, low ...Read More >

32
BusinessMay 26, 2025 03:19 PM

Alcohol makers seek phased import duty cuts, strong safeguards to prevent EU FTA misuse

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 >

28
BusinessMay 29, 2025 02:24 PM

Trump tariff declared unlawful; India must reassess US trade deal: GTRI

New Delhi [India], May 29 (ANI): After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US. A Manhattan-based federal court on May 28 struck down Trump's move to impose reciprocal tariffs on the trading partners of the US and ruled that he can't use emergency power to impose tariffs on foreign countries; it has to come from Congress. The order of the court determined that the tariffs, ...Read More >

23
PoliticsNov 26, 2024 01:57 PM

China Open to 'Dialogue' with US After Trump Tariff Threats

Beijing: China has expressed its willingness to engage in dialogue with the United States following recent threats by former President Donald Trump to impose new tariffs on Chinese goods. The statement comes amid growing tensions between the two economic giants over trade practices, technology policies, and geopolitical issues. Chinese Foreign Ministry spokesperson, Wang Wenbin, said that China was open to "constructive dialogue" with the U.S., emphasizing the importance of cooperation to ensure global economic stability. "China believes that both countries should seek common ground and manag ...Read More >

20
BusinessDec 02, 2024 03:44 PM

Trump's tariff threat to BRICS nations may end up backfiring

Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of ...Read More >

35
BusinessDec 03, 2024 04:22 PM

Global Markets Surge Amid Tech Rally and US Dollar Fluctuations | Headlines

Asian and European stocks surged thanks to tech companies driving Wall Street to record highs. Japan's Nikkei and several European indices rose, while the US dollar stabilized after a previous surge. Political tensions in France and tariff threats from the US also affected market movements and currency valuations. Stock markets across Asia and Europe experienced a resurgence on Tuesday, driven in part by a strong performance in tech stocks in the US. Japan's Nikkei index surged by 1.91%, and the MSCI Asia index saw a 1.16% rise, bolstered by Wall Street's record highs overnight. European ind ...Read More >