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.
(Reuters) -A wildlife rescue centre run by the philanthropic arm of billionaire Mukesh Ambani's group has been cleared of allegations of illegal animal acquisition and mistreatment, India's Supreme Court said on Monday, citing findings from a court-appointed committee. In August, India's top court appointed a special investigation team (SIT) to investigate complaints from non-profit and wildlife groups alleging animal mistreatment at Vantara and raising questions over how the animals were brought to the centre. However, the court has said the evidence did not support claims of illegal acquisitions or abuse. Located in western Gujarat state and led by Anant Ambani, the billionaire's son, Vantara is a key project of the Reliance Foundation and the Ambani family. Housing more than 150,000 animals across more than 2,000 species, the facility claims its 998-acre (404 hectares) elephant welfare trust is the world's largest care facility for rescued elephants. The Supreme Court said on Monday the SIT's inquiry had covered allegations related to animal acquisition, smuggling, welfare, conservation, breeding, climate suitability and financial misconduct, but found no violation of wildlife rules. "The SIT's report and the Hon'ble Supreme Court's order have made it clear that the doubts and allegations raised against Vantara's animal welfare mission were without any basis." Vantara said in a statement. (Reporting by Nishit Navin in Bengaluru; Editing by Pooja Desai)
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 >
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
Bhubaneswar: Nature lovers have a fresh reason to visit Nandankanan Zoological Park in Odisha's Bhubaneswar, as the famed wildlife sanctuary welcomed seven baby yellow anacondas into its reptilian fold on Sunday -- a rare and exciting addition that underscores the zoo's growing reputation as a haven for exotic species. The tiny hatchlings were born to a breeding pair of yellow anacondas brought to Nandankanan from the Madras Crocodile Bank Trust in Chennai in October 2019. With these new arrivals, the zoo now proudly houses a thriving family of 14 yellow anacondas -- two adult males, two adul ...Read More >
New Delhi: Ahead of the wedding of Jeet Adani, the younger son of billionaire industrialist Gautam Adani, the Adani family has announced 'Mangal Seva', a program to support newly married women with disabilities. To begin with, every year, 500 such women will be provided financial assistance of Rs 10 lakh each. At his home, just two days before his own wedding, Jeet Adani met 21 newly married divyang women and their husbands to launch this initiative. Jeet is set to tie the knot with Diva Shah on 7 February 2025 in Ahmedabad, Gujarat. In line with his social philosophy सेवा साधना है, सेवा प्र ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Bengaluru: Concerns have been raised following the report of another tigress' death in Karnataka on Saturday, coming close on the heels of the shocking incident involving the death of a tigress and her four cubs. According to forest officials, the latest death has been reported from the Gundre Forest Range in Bandipur, located in Chamarajanagar district. Authorities, based on preliminary investigation, have stated that the tigress, estimated to be between 4 and 5 years old, appears to have died of natural causes. However, the post-mortem report is awaited for confirmation. The carcass was d ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interes ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. Also Read | World Environment Day 2025: Italian Deputy PM Antonio Tajani Lauds PM Narendra Modi's 'Ek Ped Maa Ke Naam' Initiative (See Pics and Video). "Large-s ...Read More >
Guwahati/Morigaon, Jun 6 (PTI) The flood situation in Assam continued to be critical with over 5.6 lakh people reeling under the deluge in 16 districts, an official bulletin said on Friday. The toll in this year's floods and landslides stands at 21, with two more deaths reported on Thursday. Also Read | Thane Shocker: Wife Booked for Hurling Hot Oil on Autorickshaw Driver During Fight Over Domestic Issues in Kalyan. Wildlife has also been affected with nearly 70 per cent of the Pobitora Wildlife Sanctuary in Morigaon district facing inundation, an official said. The Regional Meteorological ...Read More >
Bengaluru: In an incident of concern, the unnatural death of a tigress and her three cubs, probably due to poisoning, came to light in the Male Mahadeshwara Hills Wildlife Sanctuary in Karnataka's Chamarajanagar district on Thursday. Addressing media persons in Bengaluru, Forests, Ecology, and Environment Minister Eshwar Khandre announced that an investigation has been ordered into the incident and officials have been directed to submit a detailed report within three days. The probe will be conducted by the Principal Chief Conservator of Forests (PCCF). "Karnataka stands second in the count ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
Navi Mumbai: In a tragic incident that has sparked outrage among environmentalists, a golden jackal was crushed to death by a speeding vehicle around midnight on Sunday near DPS Flamingo Lake, Nerul. The accident occurred on the service road parallel to Palm Beach Road, an area known for its rich biodiversity. According to a volunteer from the Wildlife Welfare Association (WWA), the jackal was hit on its back by an unidentified four-wheeler, leaving it badly mangled. The volunteer rushed to the spot after receiving a distress call around 12 a.m., but the animal could not be saved. The incide ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consume ...Read More >
Bhubaneswar, June 5 (UNI) Odisha Chief Minister Mohan Charan Majhi on Thursday urged the people to resolve to end plastic pollution and maintain a healthy, clean environment. "Today, let us pledge to eliminate plastic pollution and create a healthier, cleaner environment for our citizens," Majhi said while addressing the state-level World Environment Day event. He noted that plastic has become an integral part of our lives, especially single-use plastics. Stressing that plastic waste must be ad ...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 >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Indus ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Bhubaneswar: A heartening chapter is unfolding deep within the emerald wilderness of Similipal Tiger Reserve in Odisha, where a Royal Bengal tigress named Zeenat, originally from Maharashtra, is believed to be carrying a new generation of cubs -- a milestone that could reshape the future of the region's famed tiger population. Brought to Similipal in 2023 as part of a bold genetic diversification project, Zeenat was tasked with an extraordinary mission: to infuse new bloodlines into a population long shadowed by the risks of inbreeding, particularly among Similipal's rare melanistic (black-co ...Read More >
New Delhi: In a major strategic step, the Noel Tata-led Tata CLiQ has decided to rebrand the brand as Tata CLiQ Fashion. The move is seen as the company's idea to align with its "fashion-forward approach." Tata CLiQ is the e-commerce arm of the Tata Group. The rebranding marks the company's shift from being a horizontal marketplace to a specialized vertical platform focusing on fashion and lifestyle. The Tata CLiQ Fashion has unveiled a complete visual redesign, featuring a fresh logo, revamped packaging, and updated user experiences on both its app and website. According to a Hindu Businessl ...Read More >
Viral video shows AI cameras spotting a herd of elephants. (Photo: X/susantananda3) Elephants in Odisha's forests often face the threat of train collisions on railway tracks, as highlighted by multiple reports over the years. To prevent such accidents, authorities installed four AI cameras in the Rourkela Forest Division. A post on X (formerly Twitter) by Susanta Nanda, a retired Indian Forest Service officer, stated that the use of AI cameras effectively averted another potential accident. In t ...Read More >
Guwahati: The flood situation across Assam continues to be critical, with over 5.6 lakh people in 16 districts reeling under the severe flood, an official bulletin confirmed on Friday. The cumulative death toll from this year's floods and landslides has now climbed to 21, following two more fatalities reported on Thursday. Ready for a challenge? Click here to take our quiz and show off your knowledge! The Assam State Disaster Management Authority (ASDMA) bulletin stated that floodwaters are currently submerging 57 revenue circles and 1,406 villages, impacting a total of 5,61,644 individuals ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Guwahati: The Congress party has raised concerns about a "proposed agreement" between the Delhi Zoo and Vantara, an animal rescue and rehabilitation center operated by the Reliance Industries Chairman Mukesh Ambani's youngest son Anant Ambani. The party questioned whether this agreement could be a precursor to the privatization of the zoo. Ready for a challenge? Click here to take our quiz and show off your knowledge! As of now, neither the Ministry of Environment, Forests and Climate Change, which oversees the zoo, nor the Reliance group has made any official statement on the potential agr ...Read More >
New Delhi, Jun 7 (PTI) Union Environment Minister Bhupender Yadav on Saturday dismissed Congress leader Jairam Ramesh's criticism regarding the Delhi Zoo's proposed agreement with the Reliance Group's Gujarat-based wildlife facility, saying such collaborations are routine and aimed at improving animal care and management practices. "Some people have made it a habit to create doubts in the mind of the public at every instance," Yadav said on X in response to Ramesh's remarks. He clarified that the National Zoological Park (NZP), also known as the Delhi Zoo, had signed a memorandum of understa ...Read More >
New Delhi: One of the most richest men in the world Mukesh Ambani has recently donated a hopping whopping amount of Rs 151 crore to the prestigious Institute of Chemical Technology (ICT), making it the biggest donation in the history of the institute. Notably, the chairman of the country's most valuable company - Reliance Industries - studied at the institute. Earlier known as the University Department of Chemical Technology (UDCT), the ICT was established in the year 1933 by the University of Bombay. It was given the status of a deemed university in 2008 and subsequently renamed as ICT. Amba ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Bengaluru: Following the poisoning of five tigers at MM Hills Wildlife Sanctuary, forest minister Eshwar Khandre on Tuesday ordered an audit of tiger mortality in various tiger reserves (national parks) and wildlife sanctuaries of Karnataka. Delving into the activities of the wildlife wing, shortly after sending errant forest officials of MM Hills sanctuary on compulsory leave, the minister sought within 10 days a complete review of tiger deaths over the past five and a half years.As per the All-India Tiger Estimation report of 2022, Karnataka stood second in the country in tiger population, w ...Read More >
Bengaluru: Forest minister Eshwar Khandre's decision to initiate a departmental inquiry into the recent unnatural death of a leopard in the MM Hills wildlife sanctuary has triggered hopes among conservationists and wildlife enthusiasts about uncovering the truth behind such incidents.In the most recent case, the carcass of the big cat was found mutilated last month.Recollecting similar incidents in the past few years, the activists suspect an organised nexus of poachers could be behind such wildlife crime.A few days before the June 26 death of five tigers in the Hoogyam forest range of MM Hill ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >