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], September 27 (ANI): Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well drilled in the Andaman Shallow Offshore Block, marking a significant step in its ongoing exploration campaign. The company, in a press release, said the well, named Vijayapuram-2, was drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). According to the release issued by OIL, preliminary testing confirmed the presence of natural gas after samples were collected during intermittent inflow as part of initial production testing. The findings hold importance for India's exploration roadmap. OIL said further analysis, including gas isotope studies, is being carried out to understand the genesis of the gas. These studies are expected to provide clarity on whether the gas occurrence is linked to a source, a migration pathway, or an accumulation of hydrocarbons. "As per preliminary assessment, this could be a leading indicator of the presence of source or migration pathway or accumulation of hydrocarbon, which will help in future Exploration and Drilling Strategy," the release said. The company added that it is also conducting additional testing of higher-up prospects in the block to evaluate the reported occurrence more thoroughly. The press release noted that this is the first reported occurrence of hydrocarbons during the current exploration campaign in the Andaman Shallow Offshore Block. (ANI)
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 >
Patna: Jan Suraaj chief Prashant Kishor speaks during the 'Bihar Badlav' rally, in Patna, Friday, April 11, 2025. "Declare Nitish Kumar as the Chief Minister candidate if he is the face of the NDA," challenged Jan Suraaj Party (JSP) founder Prashant Kishor on May 30, as he toured the state in his 'Bihar Badlav Yatra'. Mr. Kishor, a political strategist, who was instrumental in strategising several political campaigns, including those of Prime Minister Narendra Modi and Nitish Kumar, is setting himself up as a third alternative in Bihar beside the Mahagathbandhan (RJD-Congress-Left) and the Na ...Read More >
Sivasagar, Jun 26 (PTI) Leakage of gas continued for the 15th day from a crude oil well of ONGC in Assam's Sivasagar district although the energy major on Thursday claimed that it is nearing to control the blowout. In its daily bulletin on the blowout, ONGC said it has achieved a key breakthrough in its ongoing operations in close coordination with international well control specialists from CUDD Pressure Control. "The team successfully cleared all remaining rig materials, including staircases, entangled wires and other structural components. "This critical step culminated in the safe remov ...Read More >
Guwahati, June 27 (UNI) The Oil and Natural Gas Corporation (ONGC) has successfully capped a high-risk gas well blowout at its RDS 147A site in Sivasagar district, Assam, bringing an end to a 15-day-long emergency operation that triggered mass evacuation and widespread public anxiety. The gas well blowout, which began on June 12, involved an uncontrolled release of natural gas from one of ONGC's drilling sites -- a situation often considered one of the most hazardous in the oil and gas industry due to the risk of explosion and environmental damage. The blowout was finally brought under contr ...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 >
New Delhi [India], July 2 (ANI): While hearing the Directorate of Enforcement's (ED) arguments on a money laundering complaint in the National Herald case, Delhi's Rouse Avenue Court raised certain queries to the ED about the shareholding of Associated Journals Limited (AJL) and whether the Congress party was a victim, as it had given a loan to AJL. Additional Solicitor General (ASG) SV Raju submitted that there was a conspiracy to siphon off the assets of AJL, a company with assets worth Rs 2000 crore, a fact known to Congress leaders. Special Judge Vishal Gogne heard the arguments at lengt ...Read More >
Guwahati (Assam) [India], July 6 (ANI): As a significant example of rapid infrastructural progress, the newly constructed flyover connecting Rukminigaon Road and Bormotoria Link Road at Downtown Point in Guwahati was inaugurated on Sunday by Assam Chief Minister Himanta Biswa Sarma. Completed in just nine months - half the originally sanctioned period of eighteen months - this Rs. 112 crore, 660-metre-long, four-lane structure was officially designated as Bhagadatta Flyover-2 in honour of King Bhagadatta of Kamarupa. Additionally, the flyover located in the Super Market area of the city woul ...Read More >
New Delhi [India], July 11 (ANI): The Secretary of the Ministry of Electronics and Information Technology (MeitY), the Indian Computer Emergency Response Team (CERT-In), and SISA, a forensics-driven cybersecurity solutions company, announced the launch of a pivotal white paper titled Transitioning to Quantum Cyber Readiness in New Delhi. The launch comes at a critical juncture, as quantum computing advances from theoretical promise to practical disruption. S Krishnan, Secretary, MeitY, while launching the whitepaper, emphasized that Quantum readiness is a strategic imperative as we prepare fo ...Read More >
New Delhi [India], July 8 (ANI): Union Minister Hardeep Puri on Tuesday highlighted Central Government's series of sweeping policy reforms under the leadership of Prime Minister Narendra Modi to accelerate oil & gas exploration. These reforms, aimed at promoting exploration & production in the field of oil and gas. The government believes that these changes to increase the ease of doing business for our exploration and production (E&P) operators are being made after stakeholder consultation at every level.The minister, noted via a social media post on X that the recent amendments to the Oilfi ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
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 >
New Delhi/Guwahati, June 27 (SocialNews.XYZ) State-owned Oil and Natural Gas Corporation Limited (ONGC) on Friday successfully capped the blowout in one of its wells in Assam's Sivasagar district, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has announced. Announcing the plugging of the blowout, Puri said in a post on X on Friday, "ONGC has successfully capped the blow out of well RDS#147A at 1115 hours hrs today. This blow out started on 12th June and has been capped successfully within the shortest possible time following all the best practices." He said the Crisis Manag ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
Gandhinagar (Gujarat) [India], July 13 (ANI): Union Minister for Youth Affairs and Sports, Mansukh Mandaviya, took part in the latest edition of Fit India Sundays on Cycle on Sunday, as part of a special rally organised under the theme Cycling Rally with Public Sector Undertakings in Gandhinagar. The initiative, aimed at promoting fitness and sustainable living, aligns with Prime Minister Narendra Modi Fit India Movement and has been gaining momentum across the country. Mandaviya said, Sundays on Cycle has become a series taking forward PM Modi vision of Fit India. Cycling is the solution to ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
New Delhi [India], June 7 (ANI): UK Foreign Secretary David Lammy will meet with Prime Minister Narendra Modi on his second visit to India to discuss ongoing economic and migration partnership. British High Commission said talks are on between the UK and the Indian Government to deepen and diversify the Comprehensive Strategic Partnership between the two countries to deliver for working people in the UK. The Foreign Secretary will meet with Prime Minister Modi on his second visit to India to discuss the ongoing economic and migration partnership. Bolstering economic and migration ties and de ...Read More >
New Delhi [India], July 5 (ANI): In a concerted effort to accelerate coordinated action towards abatement of air pollution in the region, the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) under the Chairmanship of Rajesh Verma, held two significant high-level review meetings on July 3. The senior officials of the Commission, along with the Chief Secretaries and senior officers of the two State Governments, Haryana and Punjab, were present at the meeting. According to the release, the review aimed to strengthen interdepartmental coordination in the two States, as men ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...Read More >
New Delhi [India], July 11 (ANI): The UK India Business Council (UKIBC) has released a report, putting out a slew of recommendations to deepen bilateral defence cooperation between the UK and India. Through the report, UKIBC offered suggestions to the UK government to strengthen commercial ties and align strategic priorities with India, including strengthening G2G ties, strategic communication, and industry engagement. UKIBC is a policy advocacy and strategic consulting not-for-profit, with a mission to grow the UK-India trade and investment. UKIBC also suggested establishing a UK-India def ...Read More >
Gandhinagar, July 13 (SocialNews.XYZ) The 31st edition of Fit India Sundays on Cycle was held successfully nationwide this Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants here. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the message of "Fitness Ki Dose, Aadha Ghanta Roz". The participation included 3000 Namo Fit India Cycling clubs. "Fit India 'Sundays on Cycle' has now become a powerfu ...Read More >
New Delhi [India], July 7 (ANI): India is expected to see strong demand for office spaces in 2025, with Global Capacity Centres (GCCs) projected to absorb 35-40 per cent of the total office space during the year, according to a recent report by CBRE. The report highlighted that India is steadily strengthening its role as a global hub for GCCs. International companies are increasingly turning to India to set up advanced, multi-functional centres due to the country's vast talent pool and cost advantages. These centres are not only expanding but also becoming more sophisticated in terms of the ...Read More >
New Delhi [India], July 9 (ANI): Telangana Minister for IT and Industries, Duddilla Sridhar Babu, met with Union Minister for Steel and Heavy Industries, H.D. Kumaraswamy, at the latter's residence in New Delhi on Wednesday, as per the statement. During his previous visit, Minister Sridhar Babu had requested a meeting to discuss the revival of Cement Corporation of India (CCI) and Sponge Iron India Limited (SIIL) in Bhadradri Kothagudem. Fulfilling that promise, the Union Minister convened the review meeting, in which Minister Sridhar Babu participated. The meeting, held under the leadership ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world woul ...Read More >
Gandhinagar (Gujarat) [India], July 13 (ANI): The 31st edition of Fit India Sundays on Cycle was held successfully nationwide on Sunday morning as Union Minister for Youth Affairs and Sports Mansukh Mandaviya led a group of over 500 participants in Gujarat's Gandhinagar, as per a release from SAI media. Organised this week in partnership with Public Sector Undertakings (PSUs), the pan-India cycling drive witnessed participation from over 7000 locations across the country, reinforcing the message of "Fitness Ki Dose, Aadha Ghanta Roz". The participation included from 3000 Namo Fit India Cyclin ...Read More >
Digvijaya Singh, a senior Congress leader, has threatened legal action by the INDIA bloc if the Election Commission of India (ECI) doesn't address their concerns regarding the Special Intensive Revision (SIR) of electoral rolls in Bihar. Singh alleges the NDA government is attempting to disenfranchise marginalized voters ahead of the state elections through this drive.Senior Congress leader Digvijaya Singh on Sunday said all constituents of INDIA bloc may knock the door of judiciary against the o ...Read More >
Patna (Bihar) [India], June 29 (ANI): Rashtriya Janata Dal leader (RJD) Tejashwi Yadav on Sunday slammed the National Democratic Alliance (NDA), while countering the ruling alliance's 'Jungle Raj' jibe, saying that their 'tactics of spreading fear are not going to work'. The State faces assembly elections later in the year. Addressing at the Vaishya Representative Conference in Patna, Tejashwi Yadav questioned Chief Minister Nitish Kumar-led NDA alliance in Bihar over trade and asserted that never talk about those issues but only about jungle raj. 'We have been in opposition for the last 20 ...Read More >
Guwahati (Assam) [India], July 6 (ANI): As a significant example of rapid infrastructural progress, the newly constructed flyover connecting Rukminigaon Road and Bormotoria Link Road at Downtown Point in Guwahati was inaugurated on Sunday by Assam Chief Minister Himanta Biswa Sarma. Completed in just nine months - half the originally sanctioned period of eighteen months - this Rs. 112 crore, 660-metre-long, four-lane structure was officially designated as Bhagadatta Flyover-2 in honour of King Bhagadatta of Kamarupa. Additionally, the flyover located in the Super Market area of the city woul ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
New Delhi [India], July 10 (ANI): GAIL (India) signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025, according to an official statement by the company. GAIL on Thursday stated that the agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL's Bakhri Tibba Block of Rajasthan, covering Dandewala, Tanot and Bagi Tibba fields. The agreement was executed by Sumit Kishore, ED (Marketing-Gas), GAIL, and Ranjan Goswami, ED (BD), OIL, ...Read More >