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.
Bhubaneswar: A preparatory meeting on Odisha's participation in India Maritime Week 2025 was convened by Usha Padhee, Principal Secretary of the Commerce & Transport Department. Senior officials from Paradip Port, Dhamra Port, Gopalpur Port, Subarnarekha Port, and representatives from related departments and agencies joined the meeting via video conferencing. At the outset, Padhee highlighted the significance of India Maritime Week as a premier national event that offers a unique platform to showcase the state's maritime strengths, investment potential, and policy initiatives. She emphasised that Odisha, with its long coastline and rich maritime heritage, is strategically positioned to emerge as a gateway for trade and commerce on the eastern seaboard. The meeting reviewed the status of preparatory activities, which included: * Odisha's participation in the exhibition and thematic sessions. * Presentation of the state's maritime initiatives and future investment opportunities. * Logistics and coordination for the participation of ports, shipping lines, and allied sectors. * Preparation of sectoral reports and communication materials highlighting port-led growth. * Identification of key infrastructure and policy achievements to be showcased at the event. Emphasising the need for synergy among all ports and departments, Padhee directed the preparation of a comprehensive action plan with clear timelines, covering infrastructure readiness, stakeholder participation, and outreach to investors and industry leaders. She further noted that India Maritime Week 2025 will not only highlight Odisha's existing port infrastructure but also position the state as a hub for shipbuilding, coastal shipping, inland waterways, and blue economy initiatives. Concluding the meeting, Padhee urged all stakeholders to work in close coordination to ensure Odisha's presence at India Maritime Week 2025 is impactful, well-represented, and aligned with the state's vision for sustainable maritime development.
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
IMAGE: India are scheduled to tour Bangladesh for a white-ball series in August. Photograph: Screengrab/X The India tour of Bangladesh, which was scheduled to be held in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, sources in the Board of Control for Cricket in India (BCCI) said. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India tour of Banglade ...Read More >
The Japan Coast Guard Ship Itsukushima arrived in Chennai for the Global Ocean Voyage Training, strengthening Indo-Pacific ties. The India-Japan partnership is reinforced through cultural exchanges and a joint sea exercise, reflecting a shared maritime commitment in the region, as per an official statement from the Indian Coast Guard. The Japan Coast Guard ship, Itsukushima, has anchored at Chennai port as part of its Global Ocean Voyage Training, according to an official statement from the Indi ...Read More >
The Indian Ports Bill, 2025, proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global maritime leader. The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, by voice vote amid continued protests by opposition members of Parliament demanding a discussion on the revision of electoral rolls in Bihar. The bill proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global mar ...Read More >
KOLKATA, India -- India and China resumed direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. IndiGo flight 6E1703 from Kolkata touched down in the southern Chinese city of Guangzhou shortly before 4:00 am (2000 GMT), officially resuming nonstop air links that had been suspended since 2020 due to the pandemic and subsequent geopolitical tensions. The neighbors -- the world's two most populous nations -- remain strategic rivals competing for regional influence, but ties have eased gradually s ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. "These efforts aim to build modern, multimodal logistics systems w ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi [India], July 4 (ANI): The India tour of Bangladesh, which was scheduled to take place in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, as per sources in the Board of Control for Cricket in India (BCCI). Also Read | Who Is The Current WWE Universal Champion? Does The Title Still Exist?. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India ...Read More >
New Delhi, Jul 14 (PTI) Union Minister Sarbananda Sonowal on Monday said the government envisions the BIMSTEC Maritime Transport Pact as a blueprint to transform the Bay of Bengal into a global trade and tourism hub. According to an official statement, the Ports, Shipping and Waterways (MoPSW) minister also said that joint feasibility studies of port-linked industrial zones will be launched soon. Sonowal inaugurated the second edition of the BIMSTEC Ports Conclave on Monday in Vishakhapatnam. "The BIMSTEC Ports Conclave stands as a springboard to unlock the immense potential of the Blue Eco ...Read More >
Union Minister Sarbananda Sonowal unveils major infrastructure projects worth over Rs 276 crores at Visakhapatnam Port. Initiatives include new cargo handling facilities, a public promenade to boost cruise tourism, modern digital systems for safer operations, and advanced maritime education programs, enhancing the port's competitiveness on a global scale. In a substantial move towards upgrading India's maritime infrastructure, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, an ...Read More >
KOLKATA, India (AFP) -- India and China resumed direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. IndiGo flight 6E1703 from Kolkata touched down in the southern Chinese city of Guangzhou shortly before 4:00 am (2000 GMT), officially resuming nonstop air links that had been suspended since 2020 due to the pandemic and subsequent geopolitical tensions. The neighbours -- the world's two most populous nations -- remain strategic rivals competing for regional influence, but ties have eased grad ...Read More >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...Read More >
Visakhapatnam: Reaffirming India's commitment to strengthen regional maritime connectivity and cooperation across the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region, Visakhapatnam Port Authority (VPA) is going to host the second BIMSTEC Ports Conclave at Novotel on Monday (July 14). Focusing on the theme 'navigating the future: blue economy, innovation and sustainable partnerships', the two-day conclave will bring together ministerial delegations, port authorities, maritime experts, and business leaders from BIMSTEC member countries such as Ban ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
Gujarat Chief Minister Bhupendra Patel urged the youth who are embarking on careers in the maritime sector to remain committed to national interest and to the preservation and promotion of India's maritime heritage. Speaking at the first graduation ceremony of Gujarat Maritime University, the Chief Minister stated that the maritime sector today offers immense opportunities and that India is rapidly emerging as a leading global supplier of talent for this industry, as stated in the release. He f ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the Samudra Se Samriddhi - Transforming India Maritime Sector programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employm ...Read More >
India Maritime Week (IMW) 2025 is a vision of India's maritime resurgence Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer and operator, is set to showcase its role in shaping the nation's Blue Economy at the ensuing India Maritime Week (IMW) 2025. India Maritime Week (IMW) 2025 is taking place at the Bombay Exhibition Centre in Mumbai from October 27-31. Adani Ports will showcase how technology, inclusion and indigenous innovation are powering the nation's jou ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot project stage. During the Operations and Maintenance (O&M) Stage, DMRC proposes to undertake O&M of th ...Read More >
MUMBAI: While prime minister Narendra Modi stressed that it was the right time for investors to put money in India's maritime sector, the chief economic advisor (CEA) to the government of India V Anantha Nageswaran on Wednesday said that the country's GDP growth in FY 2025-26 would surpass the estimation of 6.3% and would be around 7%. Both were speaking at functions during India Maritime Week, being held from October 27 to 31 in Mumbai. The maritime week also saw a few key memorandums of underst ...Read More >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. Also Read | MSC IRINA, World's Largest Container Ship, To Make Historic Debut at Vizhinjam International Seaport. The MSC IRINA boasts an impressive capacity of 2 ...Read More >
New Delhi [India], June 27 (ANI): The Parliamentary Standing Committee on External Affairs will hold a meeting on Friday. During the meeting, the committee will record evidence of experts/non-official witnesses in connection with the examination of the subject 'Future of India-Bangladesh Relationship'. Congress MP Shashi Tharoor has been the chairperson of the Committee of the External Affairs since September 2024. India has strongly condemned the demolition of a Durga temple in Dhaka, criticising the role of the Muhammad Yunus-led interim government in allowing the destruction and projectin ...Read More >
Mumbai: Gautam Adani, Chairman of the Adani Group, on Friday announced that the conglomerate is preparing for a capital expenditure investment of nearly $100 billion over the next five years. "The scale and pace of this commitment is unprecedented in India's private sector history as we do our part for strengthening the very spine of India's rise that must carry 1.4 billion dreams," Gautam Adani remarked. Addressing a conference of top doctors here, Gautam Adani said these investments are manifestations of the Adani Group's "belief in the future of India" comprising energy grids, logistics a ...Read More >
"Our ports have a very important role to play in making India a $30 trillion economy 2047," said Sonowal. Investments worth Rs 80 lakh crore would be made in the country's ports sector, minister for ports, shipping and waterways Sarbananda Sonowal said on October 15. Memorandums of understanding (MoUs) worth Rs 10 lakh crore would be signed during the Maritime Week, be held later this month in Mumbai, the minister said at a New Mangalore Port Authority's (NMPA) 50-year celebration event in New ...Read More >
India Maritime Week 2025: World's largest maritime gathering begins on Monday in Mumbai, Adani Ports to sign several MoUs with multiple Port Authorities The Ministry of Ports, Shipping and Waterways (MoPSW) is gearing up to host India Maritime Week 2025 (IMW 2025) from October 27 to 31 at the NESCO Grounds in Mumbai. According to a statement by the Ministry of Ports, Shipping and Waterways, this will be the largest maritime gathering globally, bringing together key stakeholders from across the maritime ecosystem. The event will see the presence of industry leaders, policymakers, and stakehold ...Read More >
Chandigarh: To bring in a new industrial policy, Punjab govt has constituted 22 sector-specific committees, which will cover key areas like electric vehicles, renewable energy, food processing, start-ups, and film media.Punjab industries minister Sanjeev Arora said these committees will ensure a structured and collaborative engagement between industry and state govt. Each committee will operate for two years from the date of notification, with the possibility of extension at the govt's discretion. Arora said each committee will comprise 8-10 members. "These committees will advise state govt on ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
PG Electroplast (PGEL) shares price will remain in focus on September 29 after its subsidiary PG Technoplast acquired a 50-acre land parcel in Sri City, Andhra Pradesh. PGEL plans to invest around Rs 1,000 crore in developing state-of-the-art integrated manufacturing campus over the next 5 years. The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026, company said. The site is also being designed to ...Read More >
Direct flights have resumed between India and China after a five-year hiatus, the latest sign of warming relations between the world's two most populous countries. IndiGo flight 6E 1703 departed from India's Kolkata airport at 10pm on Sunday, touching down in the southern Chinese city of Guangzhou some three-and-a-half hours later. Flights between India and mainland China had been suspended since early 2020 at the onset of the Covid-19 pandemic and remained halted after a deadly clash on their ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot project stage. During the Operations and Maintenance (O&M) Stage, DMRC proposes to undertake O&M of th ...Read More >