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.
Kolkata: All residential projects with built-up area of 5,000 sq m or a little over 53,000 sq ft in Kolkata will have to mandatorily provide parking for visitors, KMC has ruled. Earlier, projects twice the size, that is 10,000 sq m (1 lakh sq ft) were required to do so.To ensure it is cost-effective and viable for developers, KMC will provide additional floor area ratio (FAR) to develop the additional car park. At least 25% of the additional FAR has to be reserved for visitors' car park.A 50,000 sq ft project can have around 40 units, each of 1,000 sq ft carpet area.Visitor car parking has become a major peeve across Kolkata, particularly in congested neighbourhoods with narrow streets.Civic officials said the amended rules are expected to benefit both residents and developers. For residents, the availability of dedicated visitor parking and additional spaces within complexes will likely lead to less street congestion and a more organised parking environment. For developers, the ability to construct additional parking without affecting FAR calculations provides greater flexibility in project planning and design.The KMC amendments also permit construction of taller parking structures, with multi-level garages now allowed to rise up to six tiers, compared to the previous limit of two levels. Additionally, mechanical (stacked) parking is permitted on all floors, with one tier receiving FAR concessions. This vertical expansion of parking facilities is expected to optimise land use and accommodate more vehicles within the same footprint."KMC's new rules mark a clear shift from minimum compliance to comprehensive parking planning, with higher obligations to include visitors and new flexibilities like extra FAR-free parking and multi-tier garages," said NK Realtor president (brand, consulting & sales) Biplab Kumar.To ensure transparency and proper utilisation, all parking spaces must be clearly marked for their intended use, whether residential, commercial or visitor. Developers are required to provide an undertaking at the stage of plan approval, pledging that these areas will not be repurposed for other use in future.The amendments redefine how parking requirements are calculated, basing them on the total built-up area minus exempted portions. This shift from the older carpet area measure ensures that parking quotas are more accurately aligned with the overall size of the development.
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
Bengaluru: In a setback to Karnataka Chief Minister Siddaramaiah, the Directorate of Enforcement (ED), Bangalore Zonal Office has provisionally attached 142 immovable properties having an approximate market value of Rs 300 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the Mysuru Urban Development Authority (MUDA) scam. Chief Minister Siddaramaiah is accused number one in the case and the investigation is also conducted against others who got the illegal allotments done through the MUDA. His wife B.M. Parvathi is the second accused. "The ...Read More >
Gandhinagar (Gujarat) [India], June 8 (ANI): Gujarat Chief Minister Bhupendra Patel has begun advanced planning to ensure that if urban roads across the state are severely damaged due to heavy rains during this year's monsoon, resurfacing and repair work can begin without delay. For this purpose, the Chief Minister has approved the allocation of a total grant of Rs 107 crore to 149 municipalities across the state from the Mukhyamantri Shaheri Sadak Yojana, under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, according to the release. During the monsoon season, heavy rainfall is like ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Chennai, Jun 28 (PTI) Two and three-wheeler manufacturer TVS Motor Company has launched OBD2B Compliant 2025 TVS Apache RTR 160 cc motorcycle, equipped with OBD2B compliance, Dual-Channel Anti-lock Braking System (ABS). The new range of its highly popular motorcycle is priced from Rs 1.34 lakh (ex-showroom Delhi). Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "The 2025 TVS Apache RTR 160 is OBD2B compliant and introduces dual channel ABS, delivering enhanced safety and contro ...Read More >
Kanpur, January 27: Due to the massive influx of devotees for the Maha Kumbh Mela 2025, Varanasi's District Magistrate in Uttar Pradesh has announced that all schools in the district will be closed from Monday, January 27, 2025, to Wednesday, February 5, 2025. The decision is aimed at ensuring the safety of students and managing traffic congestion caused by the large number of pilgrims arriving in Varanasi for the Maha Kumbh Mela 2025. Despite the school closures, online classes will continue as usual to maintain the academic schedule, News18 reported. This directive applies to all CBSE, ICSE ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
Chandigarh: Haryana chief minister Nayab Singh Saini on Tuesday said the state govt was consistently working to provide better resources to the doctors and quality healthcare services to the citizens.He mentioned that medical colleges were being established in every district.While there were only six medical colleges in 2014, the number has now increased to 15, and nine new colleges are under construction. As a result, MBBS seats in the state increased from 700 in 2014 to 2,185, at present. The state govt aims to increase the MBBS seats to over 3,400 by 2029, said Saini.The CM was addressing a ...Read More >
Lucknow: The Enforcement Directorate (ED) on Thursday registered a money laundering case against Jamaluddin alias Chhangur Baba, the alleged mastermind of an illegal religious conversion syndicate in the state. ED is now preparing to take him into custody.The probe stems from suspected foreign remittances exceeding Rs 100 crore into around 40 bank accounts linked to the accused and his associates.ED has sought the details of income tax returns of all 40 entities of Chhangur Baba in the last 10 years and information about immovable properties from respective SRO (sub registrar office). The 40 e ...Read More >
Union Minister of Rural Development and Agriculture & Farmers' Welfare Shri Shivraj Singh Chouhan launched the third edition of Nayi Chetna - Pahal Badlaav Ki, a national campaign against gender-based violence, at Rang Bhawan Auditorium, New Delhi yesterday. Delivering his address, Shri Chouhan stated that the Government has taken a slew of initiatives for women's economic and social development. He stressed that gender-based violence is not an issue that persists in rural areas, but in urban areas as well. He said with the presence of Union Minister of Women and Child Development Smt. Annpurn ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
The Odisha government has formed a high-level ministerial committee, headed by Deputy Chief Minister Pravati Parida, to ensure the smooth execution of the Rath Yatra in Puri on June 27. The committee will oversee all arrangements for the festival, expected to draw around 1.5 million attendees. Preparations are also underway for the Snan Yatra on June 11.The Odisha government has constituted a high-level ministerial committee to ensure the smooth conduct of the upcoming Rath Yatra of Lord Jagannat ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...Read More >
CHENNAI: The state government is set to expand the Chief Minister's breakfast scheme to government-aided schools in urban areas in the state. With this, all government and government-aided schools will be covered under the scheme. According to officials in the school education department, the expansion will be rolled out on July 15, marking the birth anniversary of former chief minister K Kamaraj, which is also celebrated as Educational Development Day. The elementary education directorate has sent a list of 1,416 schools, almost all of which are government-aided schools in urban areas to th ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...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 >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
New Delhi, July 4: Congress party's unique women-centric initiative and public outreach via sanitary pads has sparked controversy in the poll-bound Bihar, with political parties reacting sharply to what they called 'weird' attempt to woo voters. The ruling Janata Dal (United) launched a tirade at the grand old party for politicizing issues sensitive to women and called it an example of its ideological bankruptcy. The criticism was triggered by a photograph of Congress leader Rahul Gandhi featuring prominently on sanitary pad packets, being distributed under the party's Priyadarshini Udaan Yoja ...Read More >
Gurugram: Union Minister for Power, Housing, and Urban Affairs, Manohar Lal Khattar, has said that formal House sessions must be conducted in municipal corporations across the country, following the model of Lok Sabha and Vidhan Sabha proceedings, to promote greater accountability and transparency in urban governance. The minister was speaking at the National Conference of Chairpersons of Urban Local Bodies in Manesar on Friday. He said urban local bodies should function as democratic institutio ...Read More >
Bihar's Chief Electoral Officer encourages urban voters to actively participate in the ongoing Special Intensive Revision. While rural areas show strong form collection, urban areas lag behind. Voters can submit forms now, even without all documents. Supporting documents can be submitted later. Bihar CEO on Friday urged urban voters to actively take part in the ongoing Special Intensive Revision (SIR) and submit their enumeration forms. While about 77% of forms have been collected from rural ar ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Gandhinagar (Gujarat) [India], June 8 (ANI): Gujarat Chief Minister Bhupendra Patel has begun advanced planning to ensure that if urban roads across the state are severely damaged due to heavy rains during this year's monsoon, resurfacing and repair work can begin without delay. For this purpose, the Chief Minister has approved the allocation of a total grant of Rs 107 crore to 149 municipalities across the state from the Mukhyamantri Shaheri Sadak Yojana, under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, according to the release. Also Read | Encroachers Can't Claim Right To Cont ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
Chennai, July 6 (SocialNews.XYZ) Tamil Nadu Chief Minister M.K. Stalin is set to launch the first camp of the 'Ungaludan Stalin' (Stalin with You) initiative on July 15 at Chidambaram Municipality in Cuddalore district. This ambitious public outreach programme aims to directly address citizens' grievances and deliver essential government services at their doorstep through a series of special camps across the state. According to an official release, the government plans to organise a total of 10,000 special camps between July 15 and November 2025, covering both rural and urban areas in all di ...Read More >
Gandhinagar: In households in Gujarat's cities, cereals may take up less space in the grocery bill, but they still dominate the dinner plate. A new Union govt report shows that cereals, while accounting for just 3.8% of household spending, supply 35% of total calorie intake in cities. In villages, their role is even more dominant, making up 43% of calorie consumption while accounting for 4.5% of total spending.Cereals also account for a major portion of protein intake for people in Gujarat.These insights come from the Centre's latest "Nutritional Intake in India" report, which tracks food patt ...Read More >
Mumbai: The Maharashtra assembly on Thursday passed the stringent Maharashtra Special Public Security (MSPS) Bill by a voice vote. The Bill aims "to provide for effective prevention of certain unlawful activities of left wing extremist organisations or similar organisations." reported the Indian Express. The Maharashtra State Public Security (MSPS) Bill, first introduced during last year's monsoon session by then Deputy Chief Minister and current Chief Minister Devendra Fadnavis, has been debated widely. The Opposition has raised concerns over the wording and interpretation of specific clause ...Read More >
Chennai: In a state-wide push to take govt services to the people, Chief Minister M K Stalin will launch the 'Ungaludan Stalin' (Stalin With You) doorstep outreach and grievance redressal initiative from Chidambaram in Cuddalore district on Tuesday.A new 'Ungaludan Stalin' website will go live on Tuesday, enabling users to check camp schedules, petition status, and resolution timelines. A digital tracking system will record each petition's details, who filed it, how long it has been pending, and ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
SHILLONG, July 10: Union Finance Minister Nirmala Sitharaman on Thursday inaugurated Shillong's first modern shopping mall at Polo. A host of dignitaries, including Chief Minister Conrad K Sangma, Deputy Chief Minister Sniawbhalang Dhar, Health Minister Ampareen Lyngdoh, Chief Secretary DP Wahlang, Commissioner and Secretary, Vijay Kumar D, and Urban Affairs Director PK Boro, were present at the inauguration. The Polo shopping mall was developed under the Shillong Smart City project and constructed by Badri Rai Company at a cost of Rs 100.33 crore. The mall has a total built-up area of 1.70 ...Read More >