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.
Chennai (Tamil Nadu) [India], September 23: Entity 1 Value Emissions Pvt Ltd from India, in collaboration with HIT, Taiwan, has announced a pioneering Proof of Concept (PoC) initiative. This program focuses on producing silicon carbide (SiC) wafers derived from red mud, an industrial byproduct, with testing facilitated by professionals from Taiwan's Semiconductor Industry. The PoC involves testing SiC wafers in various sizes, produced from silica feedstock sourced from National Aluminium Company Limited (NALCO). This move marks India's ascent as an innovator in sustainable semiconductor materials, supporting the Make in India initiative and aiming to decrease import dependencies by localizing critical materials manufacturing. The cross-national partnership highlights the potential for global supply chain resilience and ESG advancements. Taiwan's HIT ensures rigorous testing and validation, providing international credibility to this collaborative effort. The initiative signals a significant step forward in sustainable manufacturing and opens avenues for further technological innovation and industrial partnerships.
Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Also Read | FIFA Club World Cup 2025: Gonzalo Garcia's Goal Sends Real Madrid Into Quarterfinals With 1-0 Win Over Juventus (Watch Goal Video Highlights). Kicking off the two-day confe ...Read More >
New Delhi, Aug 3 (PTI) India's semiconductor market is expected to more than double to grow in the range of USD 100-110 billion by 2030 according to industry estimates, an official statement said on Sunday. The Indian semiconductor market was about USD 45-50 billion in 2024-2025 against USD 38 billion in 2023, the statement said, citing industry estimates. "As per industry estimates, the size of the Indian semiconductor market was about USD 38 billion in 2023, USD 45-50 billion in 2024-2025 and is expected to reach USD 100-110 billion by 2030," the statement said. A detailed statement highl ...Read More >
Union Commerce & Industry Minister Piyush Goyal said in a series of social media posts that he held meetings with the textiles, steel producers in Mumbai and those from the engineering goods sector to discuss strategies for exports. In a post on X, Goyal said, "Held an engaging and forward-looking interaction with the champions of India's agriculture, food-processing and seafood sectors -- the true architects of our food and nutritional security. We discussed a wide range of strategies to scale ...Read More >
New Delhi, Dec 5 (UNI) India has emerged as a major global hub for electronics manufacturing, recording a sixfold jump in overall production and an eightfold rise in exports over the past eleven years, said Jitin Prasada, union Minister of State for Electronics and Information Technology, in a response in the Rajya Sabha. Electronics production in India surged from Rs 1.9 lakh crore in 2014-15 to Rs 11.32 lakh crore in 2024-25. A significant contributor has been mobile phone manufacturing, where the number of units has grown from just 2 in 2014 to over 300 in 2025, he shared. Since the laun ...Read More >
Sanand, March 31: Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals. Addressing the gathering after Kaynes Semicon's OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of goods and raw materials worldwide. "Whether it is chips, rare earth minerals or energy, all have been affec ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
New Delhi [India] August 8 (ANI): A proposed 100 per cent US tariff on semiconductor imports, announced by President Donald Trump, could force a strategic shift of Taiwan's chip production landscape, potentially pulling more of the island's semiconductor operations onto American soil, reports Focus Taiwan.Liu Pei-chen, a researcher at the Taiwan Institute of Economic Research, warned that Trump's tariff threat signals a shift from incentive-driven industrial policy to one defined by force. "Now he is deploying the 'stick' strategy, imposing punitive tariffs unless companies invest in the US," ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
Premier Energies has commissioned its 5.6 GW solar module manufacturing facility at Seetharampur in Telangana, with trial production already underway.Spread across 75 acres, the facility is expected to generate around 2,000 jobs, boosting the local economy and strengthening Indias clean energy manufacturing ecosystem. With this addition, the companys total solar module manufacturing capacity has increased to 11.1 GW, reinforcing its position among Indias largest solar manufacturers. The newly co ...Read More >
Sanand (Gujarat) [India], March 31 (ANI): Prime Minister Narendra Modi, while inaugurating the Kaynes Semicon Plant at Sanand in Gujarat, stated that "a new bridge has been built between Sanand and Silicon Valley," marking the current period as the "decade of India." Highlighting the rapid growth of the domestic electronics landscape, the Prime Minister projected that by the end of this decade, "India's semiconductor market could exceed USD 100 billion dollars". He noted that the commencement of production at this facility signifies India's strengthening role as a reliable semiconductor suppl ...Read More >
Ahmedabad: Prime Minister Narendra Modi on Tuesday inaugurated Kaynes Technology's semiconductor manufacturing facility in Sanand, Gujarat and said India is strengthening its role as a reliable semiconductor supplier in the global market. He said the inauguration of the facility strengthens India's push towards self-reliance, which marks a landmark step in building a robust semiconductor ecosystem. Modi also launched and dedicated multiple infrastructure projects across Gujarat worth over ₹20 ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Pune: India was long "addicted" to importing weapons from foreign nations, but Operation Sindoor stood as a shining example of the country's growing self-reliance in the defence sector, said defence minister Rajnath Singh on Thursday.Singh said for decades after Independence, India had slipped into a comfort zone when it came to military procurement. "There was neither the political will to domestically produce weapons nor the legal framework to promote defence manufacturing. The youth of the country also lacked the inspiration to help India become atma nirbhar (self-reliant) in this sector," ...Read More >
New Delhi [India], February 5 (ANI): Bharatiya Janata Party leader Amit Malviya on Wednesday slammed Leader of Opposition Rahul Gandhi over his 'Make in India' criticism and blamed Congress for 'doing nothing' to prepare India's economy for future even after a decade in power during the United Progressive Alliance (UPA) government from 2004-2014. Malviya said said that the Congress-led UPA continued the "legacy of policy paralysis, rampant cronyism, and complete neglect of industrial growth." "It is good that Rahul Gandhi has finally acknowledged a fact the entire nation already knew--that e ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): In a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by Chief Minister Devendra Fadnavis, today approved investment proposals worth Rs 1,35,371.58 crore in thrust sectors and high-technology-based industries. These projects are expected to generate around 1 lakh direct and indirect employment opportunities across the state. Also Read | 'I Will Come Again': Man Posing As Delivery Agent Rapes Woman Techie After Entering Her Pune Flat, Clicks Selfie and Leaves Threatening Mes ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country growing focus on strengthening its position in the global semiconductor value chain. The govt stated The gl ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
New Delhi [India], July 2 (ANI): Coal production from captive and commercial mines in June 2025 reached 15.57 million tonnes (MT), while coal dispatches were recorded at 17.31 MT, according to the Ministry of Coal. These figures indicate a solid performance by the coal sector, which plays a crucial role in meeting the energy and raw material needs of key industries across the country. Also Read | Hemant Khandelwal Takes Charge As Madhya Pradesh BJP President, Replaces VD Sharma. The first quarter of the financial year 2025-26 has shown significant year-on-year growth. Coal production during ...Read More >
India Cellular and Electronics Association (ICEA) in a letter to the Ministry of Electronics and IT said that the import restriction has brought in uncertainty in the efforts of industry to scale up domestic electronics manufacturing.Source : Freepik India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound -- a key raw material. Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...Read More >
The American Society of Mechanical Engineers has brought its flagship International Mechanical Engineering Congress & Exposition to India for the first time. The Hyderabad event, running till September 13, focuses on innovation, sustainability, and inclusion across academia, industry, and government Hyderabad: The American Society of Mechanical Engineers (ASME) has brought its flagship International Mechanical Engineering Congress & Exposition (IMECE) to India for the first time. Being held in ...Read More >
BHUBANESWAR: Union Minister for Electronics and Information Technology Ashwini Vaishnaw has approved 'NaMo semiconductor laboratory' at IIT Bhubaneswar. The project estimated at Rs 4.95 crore will be funded under the MPLAD scheme. The NaMo semiconductor lab will contribute to India's deep talent pool by equipping the youth with industry-ready skills. The lab will also position IIT Bhubaneswar as a hub for semiconductor research and skilling. It will help in developing talent for the chip manufacturing and packaging units coming up across the country. Sources said the upcoming lab will furthe ...Read More >
Sanand (Gujarat) [India], March 31 (ANI): Prime Minister Narendra Modi on Tuesday inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat, marking the commencement of production at the facility. The Prime Minister underscored the momentum of India's semiconductor journey, noting that he was present in Sanand on February 28 for the start of production at the Micron plant and has returned exactly a month later for the Kaynes milestone. Also Read | Vasai Horror: Man Brutally Attacks 4-Year-Old Boy, Smashes His Head Against Iron Bar, Slams Child on Cement Floor; Disturbing Video ...Read More >
Gandhinagar/Sanand/Tharad, Mar 31 (PTI) As the West Asia war rages, India has successfully kept the situation under control with its strong foreign policy and collective strength of citizens, Prime Minister Narendra Modi said on Tuesday and accused the Congress of attempting to exploit the conflict for domestic political gains. Like "Rajneeti ke gidh" (vultures of politics), the Congress is attempting to exploit the West Asia conflict by triggering panic among people for political gains though India has managed the situation arising out of the more than month-long war effectively, he asserted ...Read More >
MORBI (India), April 1 -- Blazing-hot kilns in India's US$6.5 billion (RM26.2 billion) ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy crunch caused by the Middle East war. At a cavernous facility in Morbi, in India's western Gujarat state, a 200-metre-long propane-powered kiln that normally fires clay nonstop is silent. It is one of hundreds of plants supplying homeware tiles across the world that have been forced to suspend operations. Thick layers of dust smother giant grinding and pressing machines, while only a tiny crew of wor ...Read More >
Karnal, Haryana : Aroma Solar, the renewable energy arm of agricultural exporter Aroma Agrotech Pvt. Ltd., has commenced operations at its 1.2 GW solar module manufacturing facility in Karnal. The plant represents North India's first fully automated, AI-driven production line built on TOPCon technology. The facility has begun production of TOPCon modules rated at 620 to 635 W with 23.51% efficiency. In an industry where manufacturing scale has often outpaced quality systems, Aroma Solar has designed its production line around two core priorities: process precision and module consistency. The ...Read More >
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged the energy storage industry to reduce dependence on imports from certain countries, explore alternative sources of supply and focus on research and development for creation of innovative products. "We must work to prevent distortions. We must reduce our dependency on particular geographies and look at alternative sources of supply, where we can have resilience in our supply chain," he said at the 11th India Energy Storage Week. Goyal said the industry should look at newer technologies to cut overdependence on imports an ...Read More >
New Delhi [India], August 4 (ANI): India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India's semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country's growing focus on strengthening its position in the global semiconductor value chain. The govt stated 'T ...Read More >