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: The Delhi High Court has directed two neighbours to distribute pizzas and buttermilk to residents of an ashram while agreeing to quash FIRs they filed against each other over handling of their pets. Justice Arun Monga noted the parties had amicably settled the tiff and observed that the continuation of the criminal proceedings would serve no useful purpose and rather amount to an abuse of the process of law. "Not quashing the criminal proceedings would rather rekindle hostility, whereas quashing the same would promote cordiality and bonhomie between the neighbours," the court said in a September 19 order. When the court was informed that one of the parties was in the business of baking and selling pizzas and the other was also a respectable citizen, the court said, "Both the complainants in the two FIRs are directed to join hands and jointly bear the expenses, which shall be incurred for providing Amul Chaach tetra pack along with mix vegetable pizzas to the inmates who are currently residing at Sanskar Ashram, Near G.T.B Hospital, Dilshad Garden, Delhi." The high court added, "Each inmate and the attendants and other staff of the Ashram shall be served one pizza along with Amul Chaach tetra pack." The exercise was ordered to be seen as community service carried out by the parties. The court said a soft copy of the menu has been forwarded on the WhatsApp of the police official who will ensure the quality of the pizza was the same as claimed in the menu. Both the FIRs arose out of the same incident. It was alleged that a heated altercation degenerated into an unsavoury scuffle, wherein each side alleged assault, intimidation, and misbehaviour by the other party. The court quashed the FIRs to prevent undue hardship to the parties and promote mutual goodwill and societal harmony.
Bengaluru: The high court has refused to quash proceedings in a rare "reverse trap" bribery case, where a govt officer was caught allegedly returning a bribe to the complainant.Justice M Nagaprasanna dismissed the petition filed by AB Vijaya Kumar, former special land acquisition officer-II of the Karnataka Industrial Areas Development Board (KIADB) and currently a joint director in the department of municipal administration.The case pertains to a complaint filed by one Bhagath Singh Arun, who alleged that Vijaya Kumar demanded Rs 5 lakh to issue a no-objection certificate (NOC) in connection ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
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 >
West Bengal News: A West Bengal woman on Thursday accused Padma Shri recipient Swami Pradiptanandaji, also known as Kartik Maharaj, of repeated rape over a decade. The woman also claimed that the people from his ashram forced the victim to go through abortion on the pretext of giving her a job. The victim lodged an FIR against the seer at Nabagram police station seeking a strong action against him. While reacting to the allegations, Trinamool Congress claimed that the alleged acts of the seer have defamed the monk community, adding that the accused is close to the BJP. However, Kartik Maharaj ...Read More >
Chandigarh: The cybercrime division of Punjab Police has arrested two individuals and identified 33 suspects involved in viewing, transmitting, and distributing child pornography and expoitive content of minors, said a top official on Friday.Punjab director general of police (DGP) Gaurav Yadav said the content, which is described as child sexual exploitative and abusive material (CSEAM), was being distributed through online platforms like WhatsApp, Facebook, Instagram, and Telegram. The operation, codenamed CSEAM-4, was conducted on Thursday and spanned 40 locations across 18 districts. The ac ...Read More >
Pune (Maharashtra) [India], June 29 (ANI): Pimpri Chinchwad Police arrested a self-proclaimed godman for allegedly practising black magic, cheating people and secretly keeping a watch on them through a mobile phone, stated a senior police official. The accused, identified as Prasad Bhimrao Tamdar (29) was running an ashram in the Bavdhan area under the Pimpri-Chinchwad police area, where he claimed to provide solutions to various issues of people through astrology and black magic. According to police officials, Tamdar would ask his visitors to download an app on their mobiles, which would gi ...Read More >
Srinagar, July 1: The Anti-Corruption Bureau today said that they have found irregularities in the recruitment process in the Fire and Emergency Services Department. A spokesman for ACB said, "Based on complaint about irregularities in the recruitment process of Fireman and Fireman Drivers in 2020, the Anti Corruption Bureau J&K through P/S Central ACB J&K conducted verification into the matter where certain irregularities were found in the recruitment process and certain candidates were wrongly selected. Based on the findings of the verification, a formal case FIR No. 01/2025 was registered ...Read More >
Kochi: Edison Babu's neighbours in Muvattupuzha knew him as the quiet engineer who had returned home during the pandemic. The 35-year-old former auto industry professional seemed to lead an unremarkable life in this sleepy Kerala suburb, occasionally visiting the local post office with packages: nothing unusual for someone running what appeared to be a small online business. What they didn't know was that their mild-mannered neighbour had built India's most sophisticated darknet drug empire, one that relied heavily on the very government postal service that was meant to serve the community. ...Read More >
New Delhi: A 29-year-old woman was found murdered in a hotel room in central Delhi's Paharganj on Sunday.Police have arrested a man who has claimed to be in a relationship with the victim and checked into the hotel with her on Saturday.According to investigators, the accused suspected the woman was in a relationship with another person, which may have led to the crime.The deceased was identified as Sarika, while the accused, 31-year-old Sachin, was a resident of north Delhi. Both worked in a cloc ...Read More >
New Delhi: Delhi govt's standard operating procedure (SOP) on felling or transplantation of trees will need to be revised, as Delhi High Court has incorporated additional requirements to make the process more effective.In a recent order, HC underlined it is dealing with "the rights of the citizens of Delhi and the rights protected under Article 21 of the Constitution to live in a clean and pollution-free environment" and passed a slew of directions designating the forest department's tree officer to account for the overall impact on the green cover in the neighbourhood, the age of trees, and t ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS village on June 29 from 10 am to 5 pm. BESCOM's executive engineer has appealed to consumers to coop ...Read More >
NEW DELHI: The government on Saturday extended the term of the chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal by one year, an official notification said.The Appointments Committee of the Cabinet approved the re-appointment of Agrawal, an IRS officer of the 1988 batch, as CBDT chairman for one year from July 1 this year to June 30, 2026, on contract basis.Agrawal took over as the CBDT chairman from Nitin Gupta in June 2024 after Gupta's extended tenure ended. Agrawal has been a member of CBDT. He was member administration and had served as DG investigation in Delhi. The gover ...Read More >
Dehradun, July 7 (UNI) Uttarakhand police arrested a wanted Chartered Accountant who cheated several Indians of Rs 750 crore with the help of his Chinese associates using shell companies. The accused was absconding for more than two years and was trying to flee to Thailand when a team of Uttarakhand STF arrested him from the Indira Gandhi International (IGI) Airport Delhi. According to Uttarakhand Special Task Force (STF) officials, Chartered Accountant Abhishek Agarwal was arrested from IGI Airport yesterday as he was all prepared to flee India and take flight to Thailand. STF said a thorou ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
New Delhi, Jun 8 (PTI) A Kerala businessman, who recently levelled corruption charges against an ED officer posted in the state, has recorded his statement with the central agency where he is understood to have denied knowing or having any evidence against the said investigator, official sources said Sunday. The businessman, Aneesh Babu, deposed before the Enforcement Directorate in Delhi on June 6 and his statement was recorded under audio-visual camera by the agency as per the provisions of section 50 of the Prevention of Money Laundering Act (PMLA). Such a statement made under the anti-mo ...Read More >
During a raid conducted on Thursday in the presence of members from the Uttar Pradesh State Women Commission and the State Welfare Department, the old-age home in Noida was found in a deplorable condition. Forty-two elderly people were rescued from an "illegal" old-age home after a police raid at the institution found some women tied up, many residents without clothes and others in "basement-like" rooms, officials said. During a raid conducted on Thursday in the presence of members from the Utt ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
New Delhi: The Delhi High Court on Wednesday, May 21, rapped commentator Abhijit Iyer Mitra for his alleged defamatory and abusive social media posts against nine women journalists of media house Newslaundry and asked him to remove the posts within five hours. The court was hearing a plea by nine women journalists of Newslaundry and sought an injunction and damages of Rs 2 crore from Mitra for his "defamatory, false, malicious and unsubstantiated allegations" published on X. Mitra had posted vulgar remarks from February to May this year, addressing the women journalists as "prostitutes" and ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce gr ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Bhopal, July 5 (SocialNews.XYZ) Ravi Shankar Maharaj, at the centre of a medical education scam involving bribes for granting accreditation to sub-standard medical colleges, may have thrived all these years with help from influential followers, including politicians and bureaucrats, and his efforts to painstakingly nurture a network spanning religion, education and politics across central India. The CBI's first information report (FIR) naming the self-styled spiritual leader is the self-styled godman's first brush with law in decades. Also known as Rawatpura Sarkar, the godman has influentia ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of ant--dowry lawy. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. Also Read | Atul Subhash Suicide Case: 4 People ...Read More >
A bench of Justices Vibha Kankanwadi and Rohit Joshi at Aurangabad noted in its order of December 11 that the woman's daughter, only four years old, is being kept away from her despite a lower court's order. Such behaviour amounts to 'cruelty' as defined under section 498-A of the IPC. (Representational) Mumbai: The Bombay High Court has held that not letting a child meet her mother amounts to 'cruelty' under the Indian Penal Code, and refused to quash a First Information Report registered aga ...Read More >
New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...Read More >
New Delhi: The Supreme Court on Wednesday decided to grant anticipatory bail to former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. The matter was heard by a bench consisting of justices BV Nagarathna and Satish Chandra Sharma. "What is the grave crime she has committed? She is not a drug lord or a terrorist. She has not committed 302 (murder). She is not an NDPS offender", said the bench. "You should have a system or software. You complete the investigation. She has lost everything and will not ge ...Read More >
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 >
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 >
New Delhi, Jun 28: The Supreme Court has ordered immediate release of a law student in Madhya Pradesh from preventive detention after being booked under the National Security Act (NSA), saying it is "wholly untenable". A bench of Justices Ujjal Bhuyan and K Vinod Chandran, which found fault with the July 11, 2024 detention order passed by District Magistrate of Betul in Madhya Pradesh said it will be passing a detailed reasoned order in the case. Petitioner Annu was booked by police following an altercation at a university campus in Betul, allegedly after he clashed with a professor. An FIR wa ...Read More >
New Delhi [India], June 30 (ANI): Delhi's Rouse Avenue Court on Monday accepted the closure report filed by the Central Bureau of Investigation (CBI) in the JNU student Najeeb Ahmed's missing case, who had gone missing in October 2016. This case was transferred to the CBI. The agency filed a closure report in 2018. His mother, Fatima Nafees, had challenged the closure report. Also Read | Indian Railways Fare Hike: Will Mumbai Local Train Ticket Prices Increase From July 01? Check New Ticket Slabs, Tatkal Reservation Changes and Other Key Details. Additional Chief Judicial Magistrate (ACJM) ...Read More >