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 [India], September 16 (ANI): Road and Surface Transport Minister Nitin Gadkari has said that the highways in the country were being built to international standards and that efforts are being made to explore new technologies to deal with the damage caused by rains, floods and cloudbursts. Addressing Panchjanya Infra Confluence here, Gadkari said treated sewage water will be used for road and building construction. The Minister said that by combining modern technology with eco-friendly practices, India is building a "new generation of highways" that are durable, green, and future-ready. "Sometimes, natural challenges occur -- cloudbursts, record-breaking rainfall, floods -- and problems arise. To deal with such issues, we are constantly exploring new technologies," Gadkari said. The ministry, he said, is tapping into steel slag from the steel industry and fly ash from thermal plants for road construction, reducing waste and improving quality. "Every day we adopt new technologies -- from fly ash in cement to municipal solid waste -- making roads stronger and more sustainable," Gadkari said, He said attention is also being paid to drainage along roads to prevent water accumulation. "In some areas (where) we are now building concrete roads, we also noticed earlier that roadside drains, meant to carry away water, were not designed properly, which caused waterlogging and damaged the roads. To address this, we have now made it mandatory to use precast drains and storm drains," he said. "Recently, I also saw a presentation about new technology that uses waste plastic in road construction. A special layer is created with plastic, which increases the road's lifespan by four to five years, while also making use of waste plastic," he added. Gadkari also said his ministry was working on prefabricated road slabs to ensure faster and more uniform construction. He said work is being done so that slabs are factory-made -- 3x3 meters, 4x6 meters -- tested to standard, and then joined together seamlessly. "This will bring consistency and faster construction. We are experimenting with several such innovations." Citing progress on waste management, Gadkari noted that nearly 80 lakh tonnes of solid waste have already been used in projects like the Delhi-Mumbai Expressway and Ahmedabad-Dholera Highway. "I'm happy to share that we have used nearly 80 lakh tonnes of solid waste in projects like the Delhi-Mumbai Expressway and Ahmedabad-Dholera Highway. Studies show India has massive garbage dumps -- four in Delhi alone -- and 50% of waste in 15 major cities. We have now made a plan to use all municipal waste in road construction by 2027, freeing the country from these garbage mountains," the Union Minister said. On eco-friendly initiatives, Gadkari said sewage water is being treated and sold in Nagpur, generating about Rs 300 crore annually, while similar projects are underway in Mathura. "Small-scale STPs are being set up so that treated water can be used in construction, saving potable water," he added. The Minister said his ministry has also planted over five crore trees and transplanted more than 20 lakh trees across projects. "In Paithan, Maharashtra, centuries-old banyan trees that stood in the way of roads were successfully transplanted," he said. Gadkari also emphasised the pioneering use of bamboo crash barriers. "For crash barriers, instead of steel, we have successfully built 80 km of bamboo crash barriers -- stronger than steel, eco-friendly, and locally sourced from the Northeast," he said. On the energy front, Gadkari pointed out that stubble once burnt by farmers is now being used to produce bio-CNG, with around bio-refineries being set up in Punjab, Haryana, and Western Uttar Pradesh. "Six bio-bitumen refineries have already started in India....," he said. He said these innovations are part of a broader push towards making farmers "not only annadatas (providers of food) but also urjadatas (providers of energy)." (ANI)
Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Prof Prakash Antahal, Chief Proctor, said that the University had been planning for a long time to implement this Green Campus initiative. However, the decision was delayed due to non-availability of a designated parking slot. Now that the parking facility is ready, the University has taken this decisive ...Read More >
INDORE: The disposal of 337 tonnes of toxic waste linked to the Bhopal gas tragedy must be undertaken after detailed discussions with scientists and experts as it has a bearing on the wellbeing of citizens, senior BJP leader and former Lok Sabha speaker Sumitra Mahajan said on Thursday. Highly toxic methyl isocyanate (MIC) gas had leaked from the Union Carbide pesticide factory in Bhopal in the intervening night of December 2-3 in 1984, killing 5,479 persons and leaving thousands of others with serious, long-term health issues. It is widely acknowledged as the world's worst industrial disast ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh," the CMO's post said. The ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...Read More >
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports. A large part of it is palm oil and its derivativ ...Read More >
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 >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
Gandhinagar: Stating that it was time to decide whether the next generation will "have a plastic-free or plastic-laden environment," chief minister Bhupendra Patel on Thursday said that the campaign against single-use plastic should become a mass movement in Gujarat. Presiding over the state-level programme in Gandhinagar to mark World Environment Day, the chief minister also unveiled several projects aimed at environment protection. "The Prime Minister has envisioned environment-friendly development, and Gujarat will adhere to the principle of ensuring development in a sustainable and environ ...Read More >
Shimla, June 5 (PTI) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday announced that six lakh stainless steel water bottles would be distributed among school students across the state as an initiative against plastic use. Presiding over the state-level World Environment Day function here, he said that the state government's top priority is environmental protection and concrete measures are being taken to control plastic pollution. Sukhu said that regulations related to plastic use have been made quite stringent and consistent efforts are being made to increase public awaren ...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 >
So, we believe the seasonality flavour should work out in the month of December. Apart from that market breadth that is more important to look out for where only if you look in the current corrective phase only 12% of the stocks were trading above the day moving average of total CNX 500 and that is coming to now improving to around 33%."We expect Nifty to find the support in the range of around 23,500 to 23,700 and we should be gradually heading towards the target of 24,500," says Dharmesh Shah, ICICI Direct. How is the new series looking to you? Do you think we are all awaiting that Santa ra ...Read More >
During a discussion on road accidents in Lok Sabha, Mr Gadkari said, "I have no hesitation to admit that it (road accidents) has increased." Road accidents claim 1.78 lakh lives in the country, annually, said Union Minister Nitin Gadkari. "When I go to attend international conferences where there is a discussion on road accidents, I try to hide my face," Nitin Gadkari said on Thursday, underlining he had set a target to reduce accidents by 50 per cent when he first took charge as the Road Trans ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's industrial growth and it is imperative that this vital sector undergoes a transformative shift towards ...Read More >
Chennai: The capacity utilisation of the domestic steel industry is set to drop to 78 per cent for the first time in four years. In order to check unprecedented imports, the government is considering imposing a 25 per cent duty on steel imports. Cheaper imports from China and countries under Free Trade Agreement along with ongoing capacity addition can lead to capacity utilisation of domestic steel mills dropping from 85 per cent in FY2024 to an estimated 78 per cent in the current fiscal, the lowest we have seen in the last four years. The domestic steel industry witnessed an all-time high ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...Read More >
As the December 1 deadline nears, delegates from 175 countries gather in South Korea to draft a global treaty aimed at tackling plastic pollution. The U.N. Intergovernmental Negotiating Committee's final session focuses on creating binding regulations to manage plastic products and establish financial support for developing countries. Key issues include setting a global target to reduce plastic production and securing funds from wealthier nations. With differing views on production caps, the discussions highlight the urgent need for solutions to combat plastic pollution and transition towards ...Read More >
The new circle rates in Gurugram have come into effect from December 1 Gurugram: People eyeing a home in Gurugram will now have to pay more as the district administration has hiked the circle rates by 10% to 30%, driven mainly by demand. Luxury residential areas like Golf Course Road are likely to see a 30% hike in circle rates. According to reports, the new circle rates have come into effect from December 1 and will be applicable at least till March 31 next year. The price hike, however, has irked the residents, who alleged that the administration should also "improve basic amenities". Gu ...Read More >
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...Read More >
Bengaluru: Karnataka BJP has slammed the Congress-led government in the state over the flood and waterlogging situation in Bengaluru, saying that the city's reputation has suffered at the global level. The Leader of Opposition (LoP) in the Legislative Assembly, R. Ashoka, in a statement on Monday, demanded that the government immediately release Rs 1,000 crore for relief operations following the rain-induced disaster in Bengaluru. On Sunday night, rainfall ranging from 103 to 130 mm caused havoc across the city, said Ashoka and urged the government to swiftly undertake relief operations and ...Read More >
New Delhi, Jun 5 (PTI) National Green Tribunal Chairperson Justice Prakash Shrivastava on Thursday outlined an urgent need to curb plastic pollution as it negatively impacted marine life, suffocated terrestrial ecosystems, leached harmful chemicals into soil and water. In addition, it contributed significantly to air pollution when burnt, he said. The statement came on the occasion of World Environment Day and was uploaded on the NGTs website. Shrivastava said that plastic had become an indispensable part of our lives, yet its convenience masked a devastating reality. "This nonbiodegradabl ...Read More >
Guwahati, June 5 (SocialNews.XYZ) The flood situation in Assam marginally improved on Thursday, while the situation further improved in other northeastern states, an official said. With two more fresh deaths in Assam, the death toll in seven states, excluding Sikkim, of the region increased to 48. According to the disaster management officials of different northeastern states, out of 48 deaths during the current spell of rain and floods since May 29, at least 21 people died in Assam, followed by 12 in Arunachal Pradesh, six in Meghalaya, five in Mizoram, two in Tripura and one each in Nagalan ...Read More >
Mumbai: Bringing an end to the 10-day-long nail-biting haul since the Mahayuti's win in the Maharashtra elections, Devendra Fadnavis (54) will be sworn in as Chief Minister at Mumbai's historic Azad Maidan at 5.30 pm on Thursday, December 5. His swearing-in comes a day after he was elected leader of the Bharatiya Janata Party's (BJP) legislative party unit in the presence of party supremos. Devendra Fadnavis was born on July 22, 1970. His father, Gangadharrao Fadnavis, was a member of the Maharashtra Legislative Council from Nagpur, and his mother, Sarita Fadnavis, was a former director of th ...Read More >
New Delhi, Dec 12 (VOICE) Without a social change and improvement in the behaviour of drivers, it is difficult to reduce the number of road accidents in the country, said Road Transport and Highways Minister Nitin Gadkari on Thursday, adding that he is forced to "hide his face" in international meets due to the country's poor record on road fatalities. Replying to a question on road safety in Lok Sabha, Nitin Gadkari put the figure for annual road accident fatalities at 1.78 lahks, cautioning that road users should respect the law and a major change should come about in human behaviour to sav ...Read More >
New Delhi, Dec 18 (PTI) Renewable energy player BCL Industries on Wednesday said it is setting up a bio-energy plant in West Bengal with an investment of Rs 150 crore. The company has also received an environment clearance for its 75 KLPD (kilo litres per day) plant coming up in Kharagpur, it said. Additionally, the work on a similar project with 75 KLPD capacity in Bathinda, Punjab is in full swing. Both the projects are expected to be completed within a time period of 18-24 months, it said. In India, ethanol production is a key part of promoting bio-energy and biofuels, contributing to t ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assurances," Majhi said on a day his govt received over 100 investment intents and signed 54 MoUs in various ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...Read More >