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: India retired its last fleet of Soviet-era MiG-21 fighter jets on Friday (Sep 26), ending more than six decades of service with an aircraft once celebrated for its combat prowess but later derided as a "flying coffin" due to frequent crashes. The phaseout underscores the urgency for the Indian air force to expand and modernise its air fleet to counter potential threats on two fronts from its archrivals China and Pakistan. The decommissioning leaves the air force with 29 fighter squadrons, well short of the 42 endorsed at one time by the government. "If the drop in India's fighter fleet is not arrested quickly, it will make it challenging to counter neighbouring adversaries that have advanced jets for modern-day warfare," said NC Bipindra, a New Delhi-based defence analyst. India is banking on speeding the introduction of homegrown Tejas light-combat jets and possibly acquiring foreign fighters that would largely be built locally to supplement its depleting strength, government officials said. India currently operates a fleet of French-made Rafales, Mirage 2000, Russian Su-30s, MiG-29, and Tejas, among others. Inducted in the 1960s, the needle-nosed MiG-21 formed the backbone of the Indian air force and saw action in wars with Pakistan and China. But frequent crashes of the supersonic warplane drew safety concerns. Despite several upgrades, the plane's technology remained outdated and difficult to maintain.
Thiruvananthapuram (Kerala) [India], June 26 (ANI): British authorities on Thursday thanked India for their constant support after the British F-35B fighter jet made an emergency landing at Thiruvananthapuram airport nearly a fortnight ago. The High Commission spokesperson said, "We are working to repair the UK F-35B at Thiruvananthapuram International Airport as quickly as possible. We thank the Indian Authorities for their continued support" Also Read | Shubhanshu Shukla Becomes First Indian To Enter International Space Station, Says 'Privilege To Be Amongst Few To See Earth From This Vant ...Read More >
Thiruvananthapuram (Kerala) [India], June 27 (ANI): A UK F-35B aircraft is currently awaiting repairs at the Thiruvananthapuram International Airport after experiencing an engineering issue, a British High Commission spokesperson confirmed. "A UK F-35B aircraft is awaiting repairs at the Thiruvananthapuram International Airport after developing an engineering issue. The UK has accepted an offer to move the aircraft to the Maintenance Repair and Overhaul facility at the airport. The aircraft will be moved to the hangar once UK engineering teams arrive with specialist equipment, thereby ensurin ...Read More >
Guwahati: Assam will soon get three national highway stretches equipped for emergency aircraft landings, including the first such facility in the Northeast, which shares a long border with Bangladesh, Bhutan, Myanmar and China. "The first emergency landing facility on a national highway in North East is expected to be ready in eastern Assam by October, in a boost to national security and disaster preparedness," Chief Minister Himanta Biswa Sarma said on Sunday. Once completed, these stretches will boost Assam's strategic and transport infrastructure, Sarma said. "Once completed, it will supp ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
New Delhi, Jul 10 (PTI) Sqn Ldr Lokender and Flt Lt Rishi Raj Singh are the two Indian Air Force (IAF) pilots who died in a crash of a Jaguar fighter jet near Churu in Rajasthan a day ago, officials said on Thursday. The IAF has also said that a court of inquiry has been constituted to ascertain the cause of the accident. Also Read | India Monsoon Fury 2025: Home Ministry Releases INR 1,066 Crore for Flood and Landslide-Hit States - Assam, Manipur, Meghalaya, Mizoram, Kerala and Uttarakhand. The names of the two pilots were released by the IAF on Thursday. "An IAF Jaguar Trainer aircraft m ...Read More >
Chandigarh, Jul 10 (PTI) Squadron Leader Lokender, one of the two Indian Air Force (IAF) pilots who were killed in a crash of a Jaguar fighter jet near Churu in Rajasthan on Wednesday, had become father a month ago and the family in Haryana had been in celebration mode before the tragedy struck. In a brief statement on Thursday, the IAF said: "The pilots who attained 'veergati' in yesterday's Jaguar crash were -- Sqn Ldr Lokender and Flt Lt Rishi Raj Singh." Lokender, hailing from Kheri Sadh village in Haryana's Rohtak, spoke with his family through a video call on Tuesday evening and just ho ...Read More >
Bengaluru (Karnataka) [India], February 10 (ANI): Defence Minister Rajnath Singh on Monday met Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru at Aero India 2025. Singh called their meeting a "great interaction." Also Read | US: Judge Finds Trump Administration Hasn't Fully Followed Order To Unfreeze Federal Spending, Orders White House To Release All Money. In a post on X, he said, "Great interaction with the Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria Ge ...Read More >
Saharanpur: An Indian Air Force Apache attack helicopter made a precautionary landing near Saharanpur during a routine training on Friday. The helicopter safely returned to the Saharanpur air base after the incident. The landing was precautionary, it was not due to an emergency but rather a safety measure. No casualties or injuries reported. Army and police officials reached the site to asses the situation. The IAF is investigating further in this matter. This incident follows a series of precautionary landings and crashes involving IAF aircraft in recent months, including a Mirage 2000 cra ...Read More >
AP EAMCET Result 2025: APSCHE has declared the results for AP EAPCET today, June 8, 2025. AP EAMCET Result 2025: The Andhra Pradesh State Council of Higher Education (APSCHE) has declared the results for Andhra Pradesh Engineering, Agriculture, and Pharmacy Common Entrance Test (AP EAPCET) 2025 today, June 8, 2025. Candidates who appeared for the examination can login and check their results on the official website, cets.apsche.ap.gov.in. AP EAMCET is now called as AP EAPCET. AP EAMCET Result 2025: How To Download Your Result? Visit the official website, cets.apsche.ap.gov.in.Click on "AP E ...Read More >
NEW DELHI: Aviation engineers from the UK are arriving in Thiruvananthapuram to repair an F-35B Lightning jet of Britain's Royal Navy as the aircraft continued to be stranded after making an emergency landing 12 days ago.The aircraft is part of the HMS Prince of Wales Carrier Strike Group of the UK's Royal Navy.The jet, worth over USD 110 million and known to be one of the most advanced fighters globally, made the emergency landing at Thiruvananthapuram airport on June 14.The aircraft is awaiting repairs at the Thiruvananthapuram international airport after developing an engineering issue, a B ...Read More >
India launched Operation Sindoor in response to the terror attack in Pahalgam ShowQuick Read Summary is AI-generated, newsroom-reviewed Political leadership forbade targeting Pakistani air defences in initial phase, Captain Shiv Kumar saidCongress criticised the BJP government for "misleading" the public on Operation SindoorOpposition demanded all-party meeting and special parliament session on the issue Did our AI summary help? Let us know. New Delhi: A comment by India's defence attache ...Read More >
Trinamool Congress MP Mahua Moitra criticized Prime Minister Narendra Modi during his international tour, questioning the effectiveness of India's diplomatic efforts in isolating Pakistan globally. Moitra commented on Modi's extensive traveling and expressed concerns about Pakistan's support from international organizations. As Prime Minister Narendra Modi embarked on a multi-nation tour, he faced critical remarks from Trinamool Congress MP Mahua Moitra, who questioned why India's diplomatic act ...Read More >
Chandigarh, July 12: Squadron Leader Lokendra Singh Sindhu, one of the two Indian Air Force (IAF) pilots who were killed in a crash of a Jaguar fighter jet near Churu in Rajasthan on Wednesday, had become father a month ago and the family in Haryana had been in celebration mode before the tragedy struck. Sindhu, hailing from Kheri Sadh village in Haryana's Rohtak, spoke with his family through a video call on Tuesday evening and just hours before the incident took place, he exchanged messages with his family, enquiring about general welfare. Some of Sindhu's family members, who spoke to repor ...Read More >
New Delhi, June 7 (SocialNews.XYZ) India has issued a Notice to Airmen (NOTAM) for a major Indian Air Force (IAF) exercise scheduled to take place near the southern sector of the India-Pakistan International Border in Rajasthan from Saturday, June 7, to Sunday, June 8. The exercise is part of the IAF's regular operational preparedness and will be conducted in airspace near the border. According to the NOTAM, the aerial drill will commence at 3:30 p.m. on June 7 and conclude at 9:30 p.m. the following day. During this period, airspace over the designated region will be restricted to ensure t ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
NEW DELHI: The Congress on Sunday cited the reported comments of India's defence attache to Indonesia that the Indian Air Force lost fighter jets to Pakistan during Operation Sindoor and accused the government of having "misled" the country. The party also asked why is Prime Minister Narendra Modi "refusing" to preside over an all-party meeting to take the Opposition into confidence and why has the demand for a special session of Parliament been rejected. Congress general secretary in-charge communications Jairam Ramesh shared a media report on X which quoted Captain (Indian Navy) Shiv Kumar ...Read More >
New Delhi: Following Operation Sindoor, China attempted to cast doubt on the effectiveness of France's flagship Rafale fighter jets, according to the French intelligence report. The defence attachés in Chinese embassies were asked to lead the charge to undermine the sale and performance of Rafale jets as part of an effort to get countries to stop buying the French military fighter, according to the Associated Press. For the French defence industry, sales of the Rafale fighter jet and other armaments bring most of the business to them, which even aided Paris in strengthening ties with Asian na ...Read More >
New Delhi [India], January 31 (ANI): Parents of Wing Commander Shubhanshu Shukla were elated after their son was selected as the pilot for National Aeronautics and Space Administration (NASA)'s Axiom-4 mission, scheduled this year. The parents credited Shubhanshu's hard work and dedication for his success and also acknowledged the contribution his wife behind his success. Expressing her immense happiness in an interaction with ANI, Shukla's mother Asha Shukla said she can't express her emotions in words. "We cannot express our feelings in words," she said. "Our joy is unlimited; we cannot p ...Read More >
'As humans, we haven't changed much' IMAGE: India's first man in space, Rakesh Sharma, reflects on his journey and India's future in space travel. Photograph: Courtesy Ministry of Defence Astronaut Rakesh Sharma, the first Indian to journey into space in 1984, says space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and not a sole preserve of anyone. He shared his thoughts in a recorded podcast shared by the Ministry ...Read More >
New Delhi: Defence Minister Rajnath Singh and his American counterpart Pete Hegseth have agreed to firm up a 10-year framework to further expand defence and strategic ties between India and the US. The decision on the defence framework was mentioned in a Pentagon statement that was released on Wednesday, a day after Singh and US defence secretary Hegseth held a phone conversation. "Secretary Hegseth and minister Singh agreed to sign the next 10-year US-India defence framework when they next meet this year," it said. It said the two sides discussed pending major US defence sales to India and ...Read More >
New Delhi: In a major revelation two months after the Operation Sindoor, Dassault Aviation chairman and CEO Eric Trappier has rejected Pakistan's claim of shooting down Indian Rafale fighter planes. Speaking to French website Avion Chasse, Trappier also said that while India lost one Rafale, the jet was not lost during combat but due to technical reasons. Notably, the Pakistan Air Force had claimed to have downed five Indian Air Force fighter jets on May 7. The PAF claimed that it shot down three Rafales using Chinese PL-15E missiles launched using the J-10C multi-role combat aircraft. Howev ...Read More >
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 >
NEW DELHI: At a time when Indian astronaut Shubhanshu Shukla is in space as part of the Axiom-4 mission, India's first spaceman Rakesh Sharma, who went there as part of the Indo-Soviet space programme in 1984, has said that space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and is "not the sole preserve" of anyone."We really need to preserve what we have, which means we need to end conflicts, we need to forget about our weapons, we need to forget about confrontation and we need to start collaborating instead," he sai ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
New Delhi, Jun 29 (PTI) A controversy has erupted over the remarks by the Indian defence attache in Indonesia suggesting that the Indian Air Force lost fighter jets in the initial phase of Operation Sindoor as it was constrained by the mandate to not attack Pakistani military establishment and only target terrorist infrastructure. As the purported video of the remarks made by Captain Shiv Kumar on June 10 at a gathering surfaced on Sunday, the Indian embassy in Jakarta said the officer only stated the fact that the Indian armed forces serve under political leadership, unlike some other countr ...Read More >
New Delhi [India], July 9 (ANI): Defence Minister Rajnath Singh on Wednesday expressed sorrow over the death of two pilots who were onboard the Indian Air Force Jaguar fighter aircraft that crashed near the Churu district in Rajasthan. https://x.com/rajnathsingh/status/1942958013825921074?s=48 In a post on X, Singh said that their service to the nation will always be remembered. 'Deeply pained by the loss of two Air Warriors due to an accident of IAF's Jaguar trainer aircraft near Churu in Rajasthan. Their service to the nation will always be remembered. My thoughts are with the bereaved fa ...Read More >
Chandigarh: Punjab chief ministerBhagwant Mann on Thursday said the government will table a bill in the assembly on Friday to introduce harsher punishment for religious sacrilege. However, the law will not be enacted immediately, as the government plans to hold consultations with stakeholders before finalising the legislation.Mann said the decision was taken in a meeting of the cabinet earlier in the day. After the legislation is tabled, Punjab govt will gather suggestions on the law from stakeholders, including religious organisations and people, he added.Sources said said the new legislation ...Read More >
India's next space hero is here. It's Shubhanshu Shukla.In a historic leap for India's space exploration, Group Captain Shubhanshu Shukla is set to become the first Indian astronaut to travel to the International Space Station (ISS). Scheduled for launch on June 10, aboard SpaceX's Falcon 9 rocket as part of Axiom Mission 4 (Ax-4), Shukla's journey will make history as he becomes the first Indian astronaut to travel to the ISS.Axiom Mission 4 (Ax-4) is a pioneering private spaceflight mission that will not only send India's first private astronaut to space but also mark the return to human spa ...Read More >
New Delhi: The Indian Air Force lost fighter jets to Pakistan on the night of May 7, 2025 during its targeting of Pakistan's terror-linked sites "only because of the constraint given by the political leadership to not attack the military establishment or their air defenses," India's defence attache to Indonesia, Captain (Indian Navy) Shiv Kumar, acknowledged at a seminar in Indonesia last month. The seminar on 'Analysis of the Pakistan-India Air Battle and Indonesia's Anticipatory Strategies from the Perspective of Air Power' was organised on June 10 by Universitas Dirgantara Marsekal Suryada ...Read More >
Thiruvananthapuram (Kerala) [India], July 6 (ANI): A team of around 25 technical experts from the British Royal Air Force is expected to land in Kerala on Sunday aboard an A400M Atlas military transport aircraft to inspect the F-35B fighter jet that made an emergency landing at Thiruvananthapuram International Airport on the night of June 14, sources said. The visiting team will assess the condition of the stranded jet to determine whether it can be repaired locally or needs to be dismantled and transported back to the United Kingdom. Since its unscheduled landing nearly three weeks ago, the ...Read More >