Abtak Logo

Business News

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.

12
BusinessSep 16, 2025 05:24 AM

SC's endorsement of clauses in 2025 Act based on 100-yr mismanagement history | India News - The Times of India

NEW DELHI: The Supreme Court's prima facie endorsement of non-arbitrariness of provisions of the Waqf (Amendment) Act, 2025, was principally based on a 100-year history of mismanagement and misappropriation of sprawling properties and valuable assets donated for charity by benevolent Muslims and the remedial regulations enacted since 1923.A bench of CJI B R Gavai and Justice A G Masih traced more than 100 years of documented history relating to regulation of waqfs starting from the Waqf Act of 1923, which noticed that the endowments made by pious and public-spirited Muslims were being wasted or systematically misappropriated by those managing them. Writing the 128-page judgment on the interim order, CJI Gavai said the enactment of the 1923 Act was necessitated as people increasingly found waqf endowment being used as a "clever device" to tie up property to defeat creditors and generally to evade the law under the cloak of a plausible dedication to the Almighty. "A system of compulsory registration not merely about the fact of the waqf but also the nature, extent and other incidents of the waqf was found to be necessary even at that point of time," the CJI said, and drew similarity with similar clauses under the 2025 Act.SC said that the 1923 Act made it an obligation for each waqf to furnish its particulars and allowed verification of credentials, including accounts, by officials. "Not only that, but a penalty was also provided for a person who failed to comply with the statutory requirements of the Act."After referring to the Bengal Waqf Act of 1934, the bench took note of the provisions of the Waqf Act, 1954, under which a state govt was required to inquire into the existence of waqfs and the properties administered by them through an official. "The provisions with regard to compulsory registration of every waqf also continued under the 1954 Act," it said.To find out the working of the 1954 Act, Centre had appointed an inquiry committee, which in 1975 recommended "no Mutawalli who has failed to have waqfs registered as required under the 1954 Act should be provided with the facility of enforcing any right in a court of law unless he has duly registered his waqf as required under the Act."Though the 1954 Act was amended in 1959, 1964 and 1969, the committee's recommendation was incorporated in the Waqf Amendment Act of 1984, which was opposed by Muslims leading to the law being placed in cold storage.In another parallel with the 2025 Act, SC said the 1995 Waqf Amendment Act provided a detailed procedure for registration of waqfs and bar on enforcement of rights on behalf of unregistered ones, which was in existence till 2013 and was removed hurriedly before the 2014 LS polls.

Comments

Similar News

34
PoliticsNov 26, 2024 08:44 PM

Constitution day: Changing nature of observance through The Hindu's eyes (1979-2024)

Story so far: India celebrated its 75th year of adoption of its Constitution on Tuesday (November 26, 2024) with President Droupadi Murmu addressing a joint session of parliament. While the Constitution of India hits its diamond jubilee this year, event commemorating is as 'Constitution Day' was started only in 2015. Prior to this, it was called 'National Law Day' -- first initiated by former Supreme Court Bar Association (SCBA) president Laxmi Mall Singhvi in 1979. "The Indian Constitution is a live, progressive document," said Ms. Murmu adding, "I urge all citizens to imbibe the constitutio ...Read More >

29
OtherPoliticsBusinessTechnologyJun 05, 2025 08:51 PM

Assam Congress seeks CBI probe into illegal mining

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. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >

32
PoliticsNov 28, 2024 08:28 PM

'This Was The First Time Women Felt Valued Beyond Their Votes': Aditi Tatkare

In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >

38
PoliticsNov 29, 2024 10:43 AM

Congress' EVM blame-game a 'face-saver', internal survey showed MVA slipping ahead of Maharashtra polls: Report

The Congress leadership was aware it was losing ground to the ruling Mahayuti following the gains made during the Lok Sabha elections in Maharashtra, several party leaders privy to an internal survey less than a month ahead of the November 20 elections have said, adding that the outcome shouldn't exactly come as a shock. As per a report in The Indian Express, several party leaders it spoke to admitted that a survey conducted in 103 "strong MVA seats" showed the Maha Vikas Aghadi ahead in only 44 seats out of 54 it was ahead in during the Lok Sabha elections. On the contrary, the Mahayuti, wh ...Read More >

23
PoliticsDec 12, 2024 02:52 PM

One Nation, One Election: What PM Modi Had Promised About Simultaneous Polls

New Delhi: The Union Cabinet cleared the bill for the 'One Nation, One Election' proposal on Thursday (December 12). This development comes as Prime Minister Narendra Modi and the NDA have been repeatedly advocating for this initiative asserting that it will "strengthen the democracy" by holding simultaneous elections in the country. "Elections are held at different places every few months and it hampers the developmental work and all of you know it. Therefore, it is must to have deep study and deliberation on 'One Nation, One Election'," the PM said. "Only one voters' list should be used f ...Read More >

28
PoliticsDec 12, 2024 04:48 PM

No fresh suit to be registered under Places of Worship Act till further orders: Supreme Court - Weekly Voice

New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >

21
PoliticsDec 15, 2024 01:48 PM

Hindu Leaders Demand Apology From Rahul Gandhi On Dronacharya-Eklavya Remark | Nation

New Delhi: As Leader of Opposition in the Lok Sabha Rahul Gandhi compared the actions of the BJP-led government to the tale of Dronacharya and Eklavya, several religious criticised him and said the Congress leader was a 'Rashtra Virodhi' (anti-national) and 'Hindu Virodhi (anti-Hindu)'. Gandhi on Saturday claimed that the Modi-led government was "chopping the thumb of the youth of the country," drawing a parallel to the story where Dronacharya allegedly cut off Eklavya's thumb. The statement has drawn sharp criticism from several religious leaders, who are now calling for strict action and an ...Read More >

23
PoliticsJan 29, 2025 12:01 AM

Waqf Amendment Bill: Muslim women to be included as board members - Weekly Voice

New Delhi, Jan 28 (VOICE) The Muslim women have been empowered further by the Central government as they have been also included as members of the Waqf boards. Some of the key provisions of the Waqf Amendment Bill, 2025 are as follows: two Muslim women will continue to be included as members in both the State Waqf Boards (Section 14) and the Central Waqf Council (Section 9) to ensure Muslim women's empowerment and participation in waqf management. Also, the State Waqf Boards will now include one member from the Muslim OBC community, ensuring broader representation (Section 14). The informat ...Read More >

30
PoliticsFeb 11, 2025 12:12 AM

PIL demands lifetime ban on convicts from polls; Supreme Court seeks ECI, Centre views

New Delhi: Observing that "criminalisation of politics is a very major issue", the Supreme Court on Monday asked the Centre and Election Commission of India (ECI) to respond to a PIL challenging election of convicted persons as MPs/MLAs. The development took place during the resumed hearing of a plea filed by advocate Ashwini Upadhyay, seeking lifelong disqualification of MPs and MLAs convicted of criminal offences. The PIL has challenged provisions of the Representation of the People Act (RPA) that bar convicted politicians from contesting polls for six years after serving jail terms. A be ...Read More >

22
PoliticsNov 26, 2024 01:57 PM

'When you lose, EVMs are tampered with; when you win, EVMs are fine', SC dismisses PIL

New Delhi, Nov 26: The Supreme Court on Tuesday dismissed a public interest litigation (PIL) seeking directions to the Election Commission of India (ECI) to introduce ballot paper in place of EVMs (Electronic Voting Machines). A bench of Justices Vikram Nath and P.B. Varale rejected the prayer to return to the ballot system due to the alleged manipulability of EVMs. "When you lose, EVMs are tampered with; when you win, EVMs are fine," remarked the apex court, when the petitioner referred to the statements made by Andhra Pradesh Chief Minister Chandrababu Naidu and his predecessor Jagan Mohan ...Read More >

21
OtherDec 03, 2024 10:48 PM

Budaun Mosque Or Neelkanth Mahadev Temple? Court Asks Muslim Side To Complete Arguments On Dec 10

BUDAUN: A court hearing a plea of a Hindu outfit, which had sought permission to worship at Jama Masjid Shamsi here claiming it was a temple, on Tuesday asked the Muslim side to complete their arguments by December 10. Arguing his case, the lawyer for Shamsi Shahi Jama Masjid Intezamia Committee and Waqf Board Asrar Ahmed questioned the locus standi of the Akhil Bharat Hindu Mahasabha to file the petition in the matter. Urging the court to dismiss the plea, the counsel submitted that the mosque is about 850 years old. He stated that there is "no existence of a temple" there and worship by Hin ...Read More >

30
PoliticsDec 12, 2024 06:35 PM

Place of Worship Act case: No new Mandir-Masjid suits till matter is heard, rules Supreme Court

The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >

34
PoliticsDec 15, 2024 01:17 PM

Waqf scam: Cong leaders made offers, says Anwar Manipaddy on K'taka CM's bribe charge - Weekly Voice

Bengaluru, Dec 15 (VOICE) Former Minority Commission Chairman Anwar Manipaddy on Sunday refuted the bribery charge levelled by Chief Minister Siddaramaiah, saying the Congress leaders have been offering him bribes to suppress the Waqf encroachment report. CM Siddaramaiah on Saturday alleged that BJP state president B.Y. Vijayendra "tried to bribe" the former Minority Commission Chairperson during the previous government with Rs 150 crore to suppress a probe into the Waqf property encroachment. Speaking to the media, Anwar Manipaddy stated that if Chief Minister Siddaramaiah has any genuine co ...Read More >

23
PoliticsJun 07, 2025 06:48 AM

"Govt of day is handicapped; it can't register an FIR because there is judicial order": V-P Jagdeep Dhankhar

Chandigarh (Punjab) [India], June 7 (ANI): Vice-President Jagdeep Dhankhar said that the 'government of the day is handicapped' as it can't register a first information report and said that the three-decades-old judicial order provides a 'virtually impregnable cover'. The Vice-President of India, Jagdeep Dhankhar, today said, 'The Government of the day is handicapped. It can't register an FIR. Because there is a judicial order. And that judicial order is more than three decades old. It provides virtually impregnable cover. Unless permission is accorded by a functionary at the highest level in ...Read More >

35
PoliticsDec 11, 2024 10:57 AM

Raut: Sena UBT open to discussion on another leader for INDIA bloc

The Sena UBT chief spokesperson was reacting to Rashtriya Janata Dal chief Lalu Prasad's comment that West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee should be allowed to lead the INDIA bloc. Sena (UBT) Rajya Sabha MP Sanjay Raut on Tuesday said that his party was open to discuss if someone outside of the Congress party should lead the Opposition INDIA bloc. Speaking in New Delhi Delhi, Raut said that all the constituents of the INDIA bloc are willing to have a discuss ...Read More >

27
PoliticsBusinessJun 05, 2025 07:08 PM

India aspires to be arbitration hub through progressive framework, pro-enforcement courts: CJI

New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...Read More >

23

Former Air India CMD Ashwani Lohani named new director of PMML

NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >

33
BusinessDec 04, 2024 03:47 PM

Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Experience, Protect People; Key Highlights You Need To Know | 📰 LatestLY

New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >

26
PoliticsDec 12, 2024 02:58 PM

Cabinet nod to bills for simultaneous polls: Sources

New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >

24
PoliticsDec 15, 2024 01:40 PM

Comment was on edu: Hakim after BJP attack over video | Kolkata News - Times of India

Kolkata: BJP on Saturday criticised urban development minister Firhad Hakim over a video where the Kolkata mayor is purportedly heard making a comment on minorities. Hakim had made the comment while addressing an educational conference recently. Hakim said BJP was using his quote out of context and he was only referring to the gulf between the educated and the uneducated. "As education spreads, the gulf will be bridged and there will be one identity," said Hakim. Saying that he would never play ...Read More >

19
PoliticsMay 22, 2025 02:58 PM

Calcutta HC panel exposes TMC role in Murshidabad violence: BJP | Patna News - Times of India

Patna: BJP's West Bengal in charge and Bihar's health and law minister Mangal Pandey on Wednesday claimed that a three-member committee appointed by the Calcutta High Court had exposed the Mamata Banerjee govt and implicated Trinamool Congress (TMC) leaders in the Murshidabad violence, in which three people, including a father-son duo, were brutally killed during protests against the waqf law last month.The committee, tasked with probing the Murshidabad incident, highlighted serious lapses by the ...Read More >

17
PoliticsJun 06, 2025 10:34 PM

Vice President Dhankar demands investigation into 'cash haul' incident involving Justice Yashwant Varma

Chandigarh (Punjab) [India], June 6 (ANI): Vice President Jagdeep Dhankhar on Friday expressed concern over the recent cash controversy involving former Delhi High Court judge Justice Yashwant Varma. A substantial amount of unaccounted cash was discovered at Justice Varma's residence after a fire broke out in mid-March. The incident has sparked widespread debate and scrutiny. He questioned the absence of an investigation into the issue and why no FIR was registered for the same. The Vice President said, 'A painful incident happened in mid-March in Delhi at the residence of a sitting judge. ...Read More >

33
PoliticsJun 07, 2025 12:14 PM

Rahul Gandhi alleges 'match-fixing' in Maharashtra polls; calls it 'poison' for democracy

New Delhi, June 7 (SocialNews.XYZ) Leader of Opposition (LoP) in the Lok Sabha, Rahul Gandhi, has launched a stinging attack on the BJP, alleging that the party "match-fixed" the 2024 Maharashtra Assembly elections to secure a victory through large-scale electoral rigging. Taking to X, LoP Gandhi posted, "How to steal an election? Maharashtra Assembly elections in 2024 were a blueprint for rigging democracy." In a sharply-worded opinion piece published in a national daily, Gandhi laid out what he termed a "step-by-step playbook" used by the BJP to undermine the democratic process in Maharash ...Read More >

18
PoliticsNov 26, 2024 08:46 PM

Constitution Day 2024: Government Strengthened Spirit of Constitution Over Last 10 Years, Says PM Narendra Modi (Watch Video) | 📰 LatestLY

New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >

20
PoliticsDec 12, 2024 05:14 PM

Supreme Court Restrains Orders on Mosque Survey Pleas Amid Places of Worship Act Challenge

New Delhi: The Supreme Court on Thursday directed courts across the country to refrain from admitting or passing any new orders on pleas seeking surveys of mosques to determine if temples lie beneath them. This decision extends to existing suits, halting any further orders on the matter. The directive was issued as the apex court continued hearing petitions challenging the constitutional validity of the Places of Worship (Special Provisions) Act, 1991. This Act prohibits filing lawsuits to reclaim places of worship or alter their character from what existed on August 15, 1947. Judicial Revie ...Read More >

20
PoliticsMay 20, 2025 03:14 PM

SC restores 3-year minimum advocacy experience for judicial service aspirants | Central India's Premier English Daily

New Delhi, May 20 (UNI) In a landmark judgment impacting judicial service aspirants across the country, the Supreme Court on Tuesday reinstated the requirement of a minimum three years of advocacy practice for candidates applying to entry-level judicial posts. The ruling clarifies that this condition will apply prospectively to future recruitment processes and not affect any judicial recruitment exercises already initiated by High Courts before this date. A three-judge bench comprising Chief Justice of India B.R. Gavai, Justice AG Masih, and Justice K Vinod Chandran delivered the verdict in ...Read More >

19
PoliticsJun 05, 2025 08:24 PM

India News | ECI Streamlines Index Card for Faster Reporting of Data | LatestLY

New Delhi [India], June 5 (ANI): The Election Commission of India (ECI) on Thursday announced that it would streamline its technology-driven system for generating Index Cards and various other post-election statistical reports. The new system will ensure faster reporting through automation and data integration. "This upgraded mechanism replaces the traditional manual methods, which were often time-consuming and prone to delays. By leveraging automation and data integration, the new system ensures faster reporting," the press note issued by the Election Commission read. Also Read | Delhi: Hig ...Read More >

30

Stampede at RCB event: Bengaluru police chief, key officials suspended

Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >

14
OtherNov 26, 2024 01:30 PM

CJI Sanjiv Khanna Defends Judicial Efficiency | Headlines

Chief Justice Sanjiv Khanna affirms the Supreme Court will not revert to the old method of adjournment requests via circulated letters, noting it as inefficient. He acknowledges the Indian legal system's evolution and emphasizes the Constitution's role in India's democratic growth during the Constitution Day celebration. In a bid to maintain judicial efficiency, Chief Justice of India Sanjiv Khanna declared on Tuesday that the Supreme Court will not revert to its earlier practice of handling adjournment requests through letter circulation. Speaking at the Constitution Day event hosted by the ...Read More >

27
PoliticsDec 12, 2024 05:21 PM

Congress' Aggression In Bihar Tied To RJD's Struggles In Consolidating 'MY' Votes

RJD's hold over Yadav votes in Bihar is not as strong as the Samajwadi Party has in Uttar Pradesh. The disputes between Bihar's main opposition party Rashtriya Janata Dal (RJD) and its ally Congress have come out in the open after their alliance Mahagathbandhan (MGB) lost all four assembly seats in the November bypoll. While RJD's support for West Bengal Chief Minister Mamata Banerjee to lead the opposition's INDI Alliance and Congress' refusal to it became a bone of contention at the national ...Read More >