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.
COIMBATORE: The number of startups in Tamil Nadu has increased to 12,171 in the last four-and-a-half years of the DMK regime, said Minister for Micro, Small and Medium Enterprises TM Anbarasan here on Thursday. Out of this 6,063 are owned by women entrepreneurs, he stated while addressing the media in Coimbatore city ahead of the Tamil Nadu Global Startup Summit 2025 which is scheduled to be held at CODISSIA on October 9 and 10. "Tamil Nadu was in the last position in the startup ranking during the AIADMK regime with only 2,032 getting registered till 2021. Now the DMK has improved it to the first position and the state was the best performer last year. Other states will definitely be surprised about the Tamil Nadu Global Startup Summit 2025 (TNGSS) in Coimbatore," the Minister said. "There are 1,600 startups in Coimbatore, Tirupur, Nilgiris, and Erode districts, and 1,000 more will be launched before this financial year ends," added the minister, who was in the city to oversee the preparations for the TNGSS.
VILLUPURAM: After weeks of tussle over party reins, PMK president Anbumani Ramadoss and his father S Ramadoss sat down for a talk at the Thailapuram farmhouse on Thursday, but a truce remained elusive.Anbumani, accompanied by his daughter Sanjutra, drove down to Ramadoss' residence. Ramadoss and Anbumani chose not to speak to the media about the 45-minute meeting. Though party functionaries said the meeting was a positive development, reconciliation might take a while as they could not reach an a ...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 >
CHENNAI: Tamil Nadu Congress Committee President K Selvaperunthagai, a key member of the DMK-led INDIA bloc, on Friday called on PMK founder Dr Ramadoss at the latter's Thailapuram residence. Selvaperunthagai visited Ramadoss a few days after the octogenarian cited deceased former DMK president M Karunanidhi and incumbent Chief Minister M K Stalin as example of father-son relationship, in a veiled message to his rebel son Dr Anbumani. Though it is a tad too early to speculate a possible realignment in the existing alliance composition, precisely, the likely return of the PMK led by Dr Ramado ...Read More >
Kallakurichi (Tamil Nadu), Jun 29 (PTI) Strongly defending his party's electoral alliance with the BJP, AIADMK general secretary Edappadi K Palaniswami on Sunday asserted that nobody, however big, could dominate his party that ruled Tamil Nadu for over 30 years. Referring to strong criticism that the BJP would gain an upper hand over the AIADMK, Palaniswami said his party is over 50 years old; it has helmed Tamil Nadu for about 31 years, and nobody could dominate such a party. Parties, including the ruling DMK and the VCK, have strongly criticised the AIADMK's alliance with the BJP. Address ...Read More >
TNCC president K Selvaperunthagai described the passing of Elangovan as "a huge loss". Senior Congress leader and former Union Minister E V K S Elangovan died due to age-related ailments at a private hospital here on Saturday, the hospital said. He was 75. The legislator from Erode East constituency has not been keeping well for over a month. He was admitted to a hospital here on November 11. "He passed away today despite the best efforts of the medical staff," the hospital said. TNCC preside ...Read More >
Chennai: In a bid to strengthen the organizational infrastructure of the Tamilaga Vetri Kazhagam (TVK) and to develop a robust campaign machinery, the party's founder president Vijay announced the names of 17 new key office-bearers for various wings with Adhav Arjuna, former deputy general secretary of the VCK, becoming the general secretary for campaign management on Friday. Apart from Adhav Arjuna, another known political leader who had been co-opted by Vijay is C T R Nirmal Kumar, a former BJP leader who switched over the AIADMK and has now landed in the TVK as deputy general secretary for ...Read More >
CHENNAI: With the Tamil Nadu Assembly elections less than ten months away, political momentum is gathering pace across the state. As parties recalibrate strategies and alliances, AIADMK general secretary Edappadi K Palaniswami (EPS) is preparing to launch a state-wide campaign aimed at galvanising support and positioning his party as the prime contender to overthrow the DMK government. According to sources within the AIADMK, EPS is set to embark on a massive outreach programme titled Makkal Yatra (People's Pilgrimage) starting mid-July. Drawing inspiration from his 2021 pre-poll campaign "V ...Read More >
CHENNAI: Congratulating A Rajeshwari, a Malayali tribal girl from Karumandurai, a village in the Kalvarayan Hills, who secured an all-India rank of 417 under the Scheduled Tribe category in JEE Advanced, Chief Minister MK Stalin on Thursday announced that the state will bear the entire expenses for her higher studies. TNIE was the first to report the story The CM, in a post on his X handle, said, "I salute Rajeshwari, a student of the government residential school, for realising her father's dream even after his death. More girls like Rajeshwari joining the IIT will be a real source of pride ...Read More >
Chennai, Jun 7 (PTI) Union Home Minister Amit Shah's visit to Tamil Nadu is to review the preparedness of the party to face the Tamil Nadu Assembly election next year and devise a strategy to fight polls, BJP sources said on Saturday. Senior party leader Tamilisai Soundararajan told reporters that Shah will be in Madurai on June 8 and leaders including her were going to the southern city with enthusiasm and she hit out at the ruling DMK alleging the Dravidian party feared that the Saffron outfit grow further by gaining more strength. According to BJP sources, on June 8, Shah would have darsh ...Read More >
Chennai, Jun 7 (PTI) Union Home Minister Amit Shah would visit Madurai on June 8, during which he is set to review the preparedness of the party to face the Tamil Nadu Assembly election next year and devise a strategy to fight polls, BJP sources said on Saturday. Shah, in a post on 'X,' said: "Leaving for Tamil Nadu. Tomorrow, will chair a meeting of the state core committee of the Tamil Nadu BJP, in Madurai. In the evening, will interact with state, district, and mandal-level office bearers of the BJP in Madurai. Looking forward to attending the programs." Senior party leader Tamilisai Sound ...Read More >
Villupuram: Tamil Nadu Congress Committee president K Selvaperunthagai called on PMK founder S Ramadoss at his Thailapuram farmhouse in Villupuram district on Friday, setting off speculation about whether it was a political meeting to invite PMK to the DMK front.Selvaperunthagai said it was a 'courtesy call' to inquire about the health of Ramadoss, with whom he "has decades long association". "I came to inquire about Ramadoss' health. This was a courtesy meeting. Nothing was spoken about alliance ...Read More >
Chennai, Jun 29 (PTI) A 28-year-old security guard of a temple in Sivaganga district allegedly died when he was being questioned by police in connection with a theft case, and the main opposition AIADMK has demanded a comprehensive probe and legal action against those responsible for his death. AIADMK general secretary Edappadi K Palaniswami strongly condemned what he called "the doll chief minister" and alleged Stalin could not even administer the police department that is under his direct control. In order to facilitate a comprehensive investigation, to bring out the whole truth, a committ ...Read More >
Chennai: Union Home Minister Amit Shah would visit Madurai on June 8, during which he is set to review the preparedness of the party to face the Tamil Nadu Assembly polls next year and devise a strategy to fight polls, BJP sources said on Saturday. Shah, in a post on 'X,' said: "Leaving for Tamil Nadu. Tomorrow, will chair a meeting of the state core committee of the Tamil Nadu BJP, in Madurai. In the evening, will interact with state, district, and mandal-level office bearers of the BJP in Madurai. Looking forward to attending the programs." Senior party leader Tamilisai Soundararajan told ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Kottayam (Kerala), Dec 12 (PTI) The historic struggle for equality that took place in Vaikom a century ago, popularly known as the Vaikom Satyagraha, was not a movement confined to Kerala but marked the starting point for various other struggles for social justice, Tamil Nadu Chief Minister M K Stalin said on Thursday. In his address at Vaikom in this district after inaugurating the renovated Thanthai Periyar Memorial and Periyar Library, Stalin said that while impressive strides have been made in areas of social justice and economy in 100 years, a lot more has to be achieved. Stalin inaugur ...Read More >
Guwahati (Assam) [India], June 8 (ANI): The Asom Gana Parishad (AGP) announced Birendra Prasad Baishya as its candidate for the upcoming Rajya Sabha elections from Assam. Baishya is currently serving as a member of the Rajya Sabha, with his tenure set to expire on June 14. Also Read | Indore Horror: Dog Carries Baby Girl's Body in Its Jaws at Madhya Pradesh Hospital, Mutilated Body of Newborn Recovered, Probe On. Earlier this week, the Election Commission of India (ECI) on Monday announced the schedule for conducting biennial elections in eight Rajya Sabha seats, six from Tamil Nadu and two ...Read More >
Chennai (Tamil Nadu) [India], June 8 (ANI): Tamil Nadu Bharatiya Janata Party (BJP) spokesperson ANS Prasad criticised the ruling Dravida Munnetra Kazhagam (DMK) over its remarks on the Census and the upcoming delimitation exercise, alleging that the party is attempting to mislead the public. In a press statement, Prasad said that Chief Minister MK Stalin and DMK MP Kanimozhi should refrain from making 'baseless allegations' against the Central Government. He asserted that such comments appear politically motivated and distract from administrative failures in Tamil Nadu. 'The DMK government' ...Read More >
CHENNAI: BJP state president Nainar Nagenthran on Thursday dismissed allegations of politicisation of the recent Lord Murugan Devotees' Conference in Madurai, asserting that the event was purely spiritual. Speaking to reporters after paying floral tributes to 'silambu selvar' MP Sivagnanam on his 120th birth anniversary at T Nagar here, Nainar Nagenthran said, "Not a single word of politics was uttered at the Murugan conference. My address focused solely on spirituality. No religion was disrespected, nor were any individuals denigrated." His remarks come in response to criticism over a contr ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Digha: A day after Rath Yatra, the festive fervour continues in Digha as the seaside town is now gearing up to host Ulta Rath or the return journey of the deities from the 'Masir Bari' or the old Jagannath temple. On July 5 -- the Ulta Rath day -- hotels are hoping for fresh tourist influx. Though the deities are currently in Masir Bari, a large queue of devotees visited the newly-constructed Jagannath temple on Saturday. They offered prayers to the stone idol permanently installed there. It is the wooden idols of Jagannath, Balaram and Subhadra that have taken the chairot rides. Bipradash Cha ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
CHENNAI: Days after a 27-year-old temple security guard was allegedly killed in police custody at the Thirupuvanam police station in Sivagangai district, the AIADMK has launched a campaign 'Justice for Ajith Kumar' to mount pressure on the ruling DMK government over yet another instance of custodial death. Senior leaders and party cadre took to social media, posting pictures of the victim, Ajith Kumar, with a message, "This is the 25th custodial death under the Stalin-led government. It is deeply condemnable." The party's IT wing spearheaded the campaign as per the direction of general secre ...Read More >
Chennai, Jul 1 (PTI) The opposition AIADMK on Tuesday demanded a CBI probe into the Sivaganga custodial death, saying people had lost faith in the state police. Chief Minister M K Stalin said action has been initiated into the matter, which includes the arrest of five policemen. AIADMK chief and Leader of Opposition, Edappadi K Palaniswami slammed Stalin over the incident and said "people and us" don't believe the "drama" enacted by the CM on the matter. Referring to reports, Palaniswami claimed that the post-mortem on the victim, security guard Ajithkumar, revealed a number of injuries on ...Read More >
Chennai: The overwhelming victory in the Erode East Assembly by-election and a series of storms in the AIADMK teacup have led to the DMK speculating on the AIADMK general secretary Edappadi K Palaniswami losing his grip over the party, whose cadre, as Law Minister S Regupathy claimed, had already started gravitating towards the DMK. While Regupathy told the media at Anna Arivalayam, the DMK headquarters, on Monday that the four years of good governance provided by the DMK had led to the people supporting the party which was reflected in the 1,50,709 votes that it garnered in the just conclude ...Read More >
Chennai: DMK and its allies continued criticism of AIADMK for participating in the BJP's recent Murugan meet that denigrated Dravidian icons 'Periyar' E V Ramasamy and C N Annadurai. VCK Chief Thol Thirumavalavan expressed shock over the AIADMK's continuance in the NDA despite insults to its party ideologues and asked the party to rethink ties with the BJP. MMK leader M H Jawahirullah too accused AIADMK general secretary Edappadi K Palaniswami of mortgaging his party's principles.These statements come amid speculation about alliances shifting leading up to the elections. Thirumavalavan, wooed ...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 >
CHENNAI: Leaders of political parties on Sunday strongly condemned the alleged custodial death of Ajithkumar, a security guard of Madappuram temple in Sivaganga district and demanded action against the police personnel responsible for the death. AIADMK general secretary Edappadi K Palaniswami sought a judicial inquiry by the district judge into the death, and said those responsible for this should be brought to book. He also demanded that the state provide compensation to the family of the deceased. BJP state president Nainar Nagenthran said Ajithkumar's relatives have said that he died due ...Read More >
COIMBATORE: BJP state president Nainar Nagendran on Thursday ruled out the BJP's interference in resolving the internal conflict of the PMK. "It's PMK's internal issue, which needs to be resolved through talks by PMK president Anbumani Ramadoss and party founder S Ramadoss. 'Auditor' Gurumurthy and former AIADMK legislator 'Saidai' S Duraisamy met Ramadoss for personal reasons, and the BJP has no links in it," he said to the media at Coimbatore International Airport. However, the BJP leader said everyone should come together to defeat DMK. "So Tamizhaga Vetri Kazhagam (TVK) leader Vijay has ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Vellore, Jun 26 (PTI) Chief Minister M K Stalin on Thursday hit out at the AIADMK alleging they remained mute spectators when the Dravidian icons, including reformist leader Periyar EV Ramasamy, who shaped Tamil Nadu were denigrated in a conference held days ago by a Sangh Parivar outfit. Stalin alleged the BJP was trying to divide the Tamil Nadu people on the basis of religion and caste. While the Saffron party alleged "threat to religion," it is only the BJP alliance that is in danger, he said. Addressing a government function in Tirupathur district, Stalin said, in view of the resounding ...Read More >