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) While many stood recording on their phones, an 18-year-old labourer leapt into action, pulling two wailing children from the mangled BMW car that overturned in a crash, killing a senior finance ministry official here on Sunday. The accident occurred near the Delhi Cantonment Metro Station, claiming the life of Nabjot Singh, 52, a deputy secretary in the Department of Economic Affairs and a resident of Hari Nagar in west Delhi. His wife sustained serious injuries and is undergoing treatment. Gaganpreet Kaur, 38, was behind the wheel of the car. Her six-year-old daughter was in the front seat while her four-year-old son, her husband and their domestic help were in the back seat. She was arrested on Monday. Three labourers who were working on a project near the crash site recalled hearing a loud noise and then seeing the car skidding along the central verge before overturning. When they rushed to the site, they saw a man and a woman lying injured on the road. Among them was Ankit, 18, who heard the cries of children trapped inside the car. "I heard the sound of children crying and looked inside the car. There was a girl and a boy trapped inside. I immediately took out the girl who was bleeding from the nose," he told PTI. Ankit said he also rescued the boy and a woman who did not sustain any injuries, and added that the man inside the car suffered a head wound. According to eyewitnesses, the car was going towards Naraina when the driver lost control and one of the front tyres hit the central verge. The car drove on for about 50 metres before crashing into an iron grill and overturning. Singh, who was coming from behind on his motorcycle, hit the overturned BMW and crashed into a bus. Several passersby, instead of offering help, whipped out their phones to record the aftermath of the accident. Another eyewitness said that while the stretch was choked by traffic due to the accident, an ambulance driver refused to intervene, and police arrived late as they had to take a longer route due to the jam. Chaotic visuals from the site of the crash have been widely circulated on social media, capturing the immediate aftermath of the accident with the luxury car overturned and victims lying injured on the road. In the videos, the blue BMW is seen flipped over in the middle of the road, its windshield shattered and doors flung open. A woman, believed to be the driver, struggles to pull passengers out of the mangled vehicle as a crowd gathers around. Nearby, Singh lies motionless in a pool of blood, while his injured wife is seen lying injured a short distance away. Several bystanders are captured approaching her, checking if she was conscious and able to stand. As some locals attempt to create space on the clogged stretch, others are heard discussing how the accident occurred. The videos have drawn sharp reactions over the apathy of onlookers at the site. PTI SSJ RHL
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, Feb 4 (SocialNews.XYZ) In a major Regional Transport Office operation, 30 luxury cars, including Ferrari and Porsche, were seized for alleged tax evasion in Bengaluru. The seizure of luxury cars is done for non-payment of taxes by the owners, an RTO official said on Monday. The seized vehicles were registered in different states but illegally driven in Karnataka. This operation is expected to recover around Rs 3 crore in taxes. Luxury cars, including Maserati, Ferrari, Porsche, Range Rover, and BMW have been seized, the sources said. These top-end cars were registered in states ...Read More >
Kolkata, Jun 5 (PTI) Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to former Biju Janata Dal (BJD) parliamentarian Pinaki Mishra, thanking well-wishers for their love and blessings. There was speculation about their wedding which, according to media reports, took place in a private ceremony in Germany. "Thank you everyone for the love and good wishes!! So grateful," Moitra said in a post on X, sharing a photograph of the couple cutting a cake. TMC MP and actor-politician Saayoni Ghosh congratulated the couple. "Congratulations Mm & Pm... @MahuaMoitra @OfPinaki wishi ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Bhubaneswar, Jan 31 (PTI) Odisha Chief Minister Mohan Charan Majhi on Friday demanded an immediate apology from the Opposition Congress over the remarks of party leaders Sonia Gandhi and Rahul Gandhi on President Droupadi Murmu and said those were insults for the people of Odisha and the Santal community also. Majhi expressed his opinion on the ongoing debate over the alleged disrespect to the country's first tribal woman President through a long post on X. "Sonia Gandhi's comment, 'Poor lady President Murmu got tired at the end,' and Rahul Gandhi's 'boring' remarks are not just insults to I ...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 >
Muzaffarnagar (UP), Dec 6 (PTI) A teacher who asked other students to slap a Muslim boy in a school here surrendered at a POCSO court and was released on bail, an official said on Friday. Tripta Tyagi was caught last year in a video asking children to slap a boy in a school where she taught. Additional District Judge (POCSO) Alka Bharti on Thursday granted her bail and ordered her to furnish two sureties of Rs 25,000 each. She posted the matter for further hearing on Friday. Kapil Ahlawat, Tyagi's lawyer, told PTI that Tyagi had surrendered in the Special POCSO court on Thursday and sought ...Read More >
New Delhi, Jan 17 (PTI) Veteran journalist and writer Humra Quraishi, who died due to heart failure and diabetic complications, was known as an advocate for truth, justice and as a champion for the marginalised. Quraishi breathed her last at a hospital in Gurugram on Thursday, her daughter Sarah Quraishi told PTI. She was 70. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. Born in Shahjahanpur in Uttar Pradesh on April 25, 1956, Quraishi worked as a Delhi-based writer and columnist. Also Read | Saif Ali Khan Stabbing Case: 'Bring a S ...Read More >
The Delhi government issued an advisory against illegal animal sacrifices on Eid-ul-Azha, emphasizing cultural heritage and enforcement of animal welfare laws. Sacrifices are restricted to designated areas, banning roadside rituals. Existing laws cited include the Prevention of Cruelty to Animals Act and the Delhi Agricultural Cattle Preservation Act, prohibiting unauthorized animal sacrifices. The Delhi government has issued a crucial advisory ahead of Eid-ul-Azha, prohibiting the illegal sacri ...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 >
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, Jun 6 (PTI) The Karnataka State Cricket Association had sought permission for RCB's IPL trophy celebrations at Vidhan Soudha, a letter sent by it to the state government has revealed, reaffirming KSCA's assertion that it facilitated approvals for the franchise which is under fire following 11 deaths in a stampede outside the Chinnaswamy Stadium. After an FIR was lodged against them, KSCA president Raghuram Bhat, secretary A Shankar and treasurer E S Jayaram submitted in the Karnataka High Court that the gate management and crowd management were not the responsibility of the associa ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...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 >
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 >
Mumbai, Jun 5 (PTI) Maharashtra Navnirman Sena (MNS) workers attacked an auto-rickshaw driver here and forced him to apologise for allegedly using objectionable language against a Marathi-speaking passenger as well as party chief Raj Thackeray. The incident involving the passenger took place in Dadar area of central Mumbai on Wednesday. The passenger shot a video of the driver using objectionable language against him and Thackeray. He later posted the video, which shows the number plate of the auto-rickshaw, on social media, a police official said. On the basis of the video, MNS workers tra ...Read More >
Ahmedabad, Jun 6 (PTI) Gujarat Congress general secretary Rajesh Soni was arrested on Friday and charged under a tough section of the BNS for allegedly uploading "misleading" as well as "morale breaking" content on a social media platform related to 'Operation Sindoor', police said. After registration of an FIR on Thursday, the Cyber Crime Cell of the state CID arrested Soni in the wee hours over his controversial posts on the operation launched by Indian armed forces to destroy terror hubs in Pakistan and PoK, said Superintendent of Police (CID-Cyber Crime) Bharatsinh Tank. During the May 7 ...Read More >
Chandigarh, Jun 6 (PTI) A man was shot dead while his accomplice was injured after unidentified armed assailants opened fire at them near a shopping mall in Haryana's in Panchkula district, police said on Friday. The incident took place late Thursday evening in the Pinjore area, they said. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. Police said the deceased was identified as Sonu Nolta, aged around 30, and the injured was identified as Prince, who has been hospitalised. Talking to the media, DCP Shrishti Gupta said t ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
New Delhi, Jun 7 (PTI) The Delhi Police has stepped up security arrangements across the national capital to maintain law and order and ensure peaceful celebration of Eid ul-Azha on Saturday, an official said. To maintain law and order during festivities, elaborate deployments have been made in sensitive areas, with the Rapid Action Force (RAF), paramilitary forces, and local police teams mobilised. Multiple check posts have been set up across Delhi, and electronic surveillance has been intensified to monitor suspicious activity. A senior police officer said, "Strict vigilance is being maint ...Read More >
Imphal, June 7 (UNI) Three militants were nabbed in separate incidents during the last 24 hours in Manipur, police said on Saturday. Manipur Police arrested a militant from Moidangpok Awang Leikai from Khumbong Bazar under Imphal West District, they said. Security forces arrested a militant from the Elangkhanpokpi Mayai Leikai area under Kakching district. Security forces apprehended a militant from Wangoo Samushang in Bishnupur district and elected members from Kumbi area. In an operation, one M16 rifle, one bolt-action rifle, three pull-mechanism rifles, three improvised mortars, and fiv ...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, May 26 (PTI) Zepto Co-Founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto's competitor firms has been reaching out to Zepto's investors with unsubstantiated claims, distributing false financial data to journalists, and employing bots to spread negative narratives about Zepto on social media. "Over the past few days, the CFO of one of our competitors has been trying to build ...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 >
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 >
New Delhi, Jan 17 (PTI) Veteran journalist and writer Humra Quraishi, who died due to heart failure and diabetic complications, was known as an advocate for truth, justice and as a champion for the marginalised. Quraishi breathed her last at a hospital in Gurugram on Thursday, her daughter Sarah Quraishi told PTI. She was 70. Born in Shahjahanpur in Uttar Pradesh on April 25, 1956, Quraishi worked as a Delhi-based writer and columnist. Having spent long years covering Kashmir as a journalist, Quraishi published "Kashmir: The Untold Story", a volume of her collective writings based on her cov ...Read More >
New Delhi, Jan 31 (PTI) Prime Minister Narendra Modi launched a scathing attack on the Congress on Friday, accusing its "shahi parivar" of insulting President Droupadi Murmu, who hails from a tribal background, and demanding an apology. In a direct response to Congress leaders' purported remarks on Murmu over her address to a joint sitting of both Houses of Parliament on Friday, Modi, at a rally at Dwarka, said, "These Congress people think they are the masters of the country. The arrogance of the Congress's royal family has once again been exposed." "Today, our president, Droupadi Murmuji, a ...Read More >
New Delhi, Jan 31 (PTI) Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. Also Read | 8th Pay Commission: Nirmala Sitharaman To Announce Official 8th CPC Implementation Date in Union Budget 2025? Check Details Here. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in India. Krutrim claimed to be the first Indian AI company to deploy DeepSeek's AI models on domestic s ...Read More >