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.
The Sahara India Commercial Corporation Ltd (SICCL) has petitioned the Supreme Court for permission to sell its properties, including Ambey Valley and Shahara Saher, to Adani Properties. Following the death of Sahara Group's chief, this sale aims to satisfy investor claims and settle outstanding liabilities despite market challenges. The Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court seeking authorization to sell significant properties like Amby Valley and Shahara Saher to Adani Properties Private Limited. The plea, slated for a hearing, underscores the need to liquidate assets after the Sahara Group chief's passing, as family members previously uninvolved attempt to uphold investor interests. Despite tumultuous market conditions, multiple litigations, and investigations into the group, the move seeks to adhere to court orders, fulfilling financial obligations amidst eroding buyer confidence.
Chandigarh, June 26 (UNI) The Shiromani Akali Dal today accused Punjab's Aam Aadmi Party (AAP) government of "violating the law" by registering a disproportionate assets case against senior SAD leader Bikram Singh Majithia without holding either a preliminary or regular probe. The SAD also charged the ruling AAP with indulging in "political vendetta to gag" Majithia as well as divert attention from the failure of its 'Yudh Nashean Virudh' drive. Addressing a press conference here, senior leaders Balwinder Singh Bhundar, Maheshinder Singh Grewal and Daljit Singh Cheema alleged the AAP governm ...Read More >
In a significant legal blow to Saif Ali Khan, the Madhya Pradesh High Court has rejected his long-pending petition against the government's move to designate his ancestral assets, worth Rs 15,000 crore, as "enemy property." In a major legal setback for Saif Ali Khan, the Madhya Pradesh High Court has dismissed his long-standing plea challenging the government's decision to classify his ancestral properties, valued at Rs 15,000 crore, as "enemy property." A trial court decision from 2000 that ac ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
According to the agreement, which was signed in December 2007, the firm was bound to deliver possession within 24 months of approval of service plans. The Supreme Court on Wednesday directed a real estate firm to refund over Rs 43 lakh to a plot buyer with 18 per cent interest. The top court enhanced the compensation originally ordered by the National Consumer Disputes Redressal Commission (NCDRC), which had fixed the rate at 9 percent on more than Rs 43 lakh to be paid by M/s Business Park Tow ...Read More >
New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >
Ahmedabad, July 14 (PTI) The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology. The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings. On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehm ...Read More >
The Supreme Court emphasized the importance of self-regulation and understanding the value of freedom of speech and expression, while hearing a plea regarding offensive social media posts. The court is considering guidelines to regulate such posts, stressing the need to curb divisive tendencies without resorting to censorship. The Supreme Court on Monday said citizens must know the value of freedom of speech and expression and observe self regulation as it mulled guidelines to regulate offensive ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
New Delhi: Chief minister Rekha Gupta on Friday directed the officials to constitute an expert panel comprising retired bureaucrats and domain specialists to examine the nature of cases involving Delhi govt pending in district courts and recommend strategies to eliminate unnecessary litigation.The govt stated that these panels would also assist in formulating systemic solutions for quicker resolution and better case management. The decision was taken in a review meeting with the law, justice and ...Read More >
New Delhi [India], December 6 (ANI): The Lok Sabha as part of the Winter Session of the Parliament has been adjourned until 11:00 am on December 9, as announced by the Speaker on Friday. The proceedings of the lower house were adjourned until 12 pm earlier in the day as disruptions continued for the ninth consecutive day of the winter session, with opposition members raising slogans and creating ruckus over various contentious issues. Also Read | Hashimpura Massacre Case: Supreme Court Grants Bail to 8 Convicts in Infamous 1987 Massacre Case. Lok Sabha Speaker Om Birla made a fervent appeal ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday arrested former Chhattisgarh chief minister Bhupesh Baghel's son Chaitanya Baghel for his alleged involvement in a liquor scandal. He was later produced in a court in Raipur, which sent him to five-day ED custody. The arrest followed a search at Baghel's house in Bhilai on Friday morning. The former CM and Congress leader confirmed the arrest in a post on X, "thanking" Prime Minister Narendra Modi and home minister Amit Shah for the "birthday gift" to his son. "The kind of birthday gifts Modi and Shah give cannot be given by anyone in an ...Read More >
Ajmer (Rajasthan) [India], July 19 (ANI): The Ana Sagar lake in Rajasthan's Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been closed. The locals used sandbags in an attempt to stop the flow of water. Also Read | Meghalaya Shocker: Schoolgirl Hacked to Death With Machete by Assailant in East Garo Hills District. Municipal Corporation Chief Engineer Vinod Manohar stated that the cause of waterlogging is due to lake water entering through escape channels, which have been opened by near ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
Kolkata: The number of Bangladeshi released prisoners languishing in correctional homes across the state has come down to 179 -- as of Jan 1, 2024 -- compared to 495 in 2011. According to the West Bengal Correctional Services data, there were 212 released foreign nationals or 'jankhalash' -- 136 men and 76 women -- in correctional homes in the state as of Jan 1, 2024, out of which 179 were from Bangladesh. Most of these foreigners were lodged in Dum Dum Central Correctional Home (171), while the rest were in Berhampore CCH (24), Jalpaiguri CCH (16), and Presidency CCH (1). On Jan 30, the Sup ...Read More >
New Delhi, Sep 29 (PTI) The Sahara India Commercial Corporation Ltd (SICCL) has moved the Supreme Court seeking its permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The plea, which was mentioned for hearing recently, would likely come up on October 14. Seeking the permission, the plea filed through advocate Gautam Awasthi, said, "..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited, for the consideration and on the terms and conditions as set out in ...Read More >
CJI Gavai NEW DELHI: Days after an advocate hurled a shoe at Chief Justice of India BR Gavai, Punjab Police on Wednesday registered several FIRs over objectionable social media post targeting Gavai.According to Punjab Police, the FIRs were registered after several complaints were received in various districts of the state against more than 100 social media handles.A Punjab Police spokesperson said social media content relating to attacks on high constitutional authority, caste-based vilification and incitement, public mischief with a direct attempt to disturb peace and public order by unjustly ...Read More >
New Delhi, January 27: The Supreme Court has upheld an order passed by the apex court registry in August 2024 refusing to admit a lawyer's application seeking direction to SEBI to submit its conclusive probe report into the Adani-Hindenburg controversy. Advocate Vishal Tiwari had moved an appeal against the order passed by the Registrar on August 5 last year. Earlier on July 15, 2024, the top court had dismissed a review petition filed against its earlier verdict refusing to form any SIT or group of experts to conduct an investigation. After perusing the review petition, a bench, headed by th ...Read More >
New Delhi: The Supreme Court Monday dismissed a petition filed by former IPL commissioner Lalit Modi, who had sought a direction for the BCCI to indemnify him for a Rs 10.65 crore penalty imposed under the Foreign Exchange Management Act (FEMA). The court declined to entertain the plea, effectively leaving Modi liable for the payment. A Bench of Justices PS Narasimha and R Mahadevan declined to interfere with a decision of the Bombay High Court turning down his writ petition seeking a direction to the BCCI to pay this penalty imposed by the Enforcement Directorate (ED) for purported infractio ...Read More >
New Delhi, July 10: The Election Commission of India (ECI) on Thursday objected to the PILs filed by several NGOs and other political activists in the Supreme Court challenging its decision to conduct Special Intensive Revision (SIR) of the electoral rolls in poll-bound Bihar. Senior advocate Rakesh Dwivedi, representing the poll body, objected to the locus standi of the Association for Democratic Reforms (ADR) and other PIL litigants. "None of them are voters in Bihar! Before you (SC) are some sections of people who write articles and then file petitions. I have a serious objection to this," ...Read More >
The Supreme Court on Thursday suggested Tamil film director and politician Seeman to tender an unconditional apology to an actor who lodged a case against him in 2011 alleging rape on the false promise of marriage. IMAGE: Naam Tamilar Katchi leader Seeman addresses a press meet, Chennai, July 12, 2024. Photograph: ANI Photo A bench comprising Justices B V Nagarathna and R Mahadevan was hearing Seeman's plea challenging a Madras high court order refusing to quash the case against him. "She is t ...Read More >
X has locked horns with New Delhi in the past, equating the government's mechanisms with censorship. The government of Prime Minister Narendra Modi has said the new system tackles a proliferation of unlawful content and ensures accountability online. Social media platform X said on Monday it plans to appeal an Indian court order that would allow over two million police officers nationwide to issue arbitrary takedown requests via a secretive online portal called the Sahyog. "We will appeal this o ...Read More >
Hyderabad: The Telangana Waqf Board is yet to begin geo-tagging waqf properties on the UMEED portal, which the Central government launched following the implementation of the Waqf Amendment Act. The board said it is waiting for the Supreme Court's verdict. The Unified-waqf Management, Empowerment, Efficiency and Development (UMEED) will serve as a centralised digital platform for real time uploading, verification, and monitoring of waqf properties. Telangana Waqf Board chairman Azmattullah Husseini said the Centre should have waited until the Supreme Court verdict on the Waqf Amendment Act. ...Read More >
Jabalpur (Madhya Pradesh) [India], July 4 (ANI): The Madhya Pradesh High Court has set aside a 25-year-old trial court's order in relation to Bhopal Nawab's properties dispute and remanded back to the trial Court for deciding it afresh. The descendants of Bhopal's Nawab Hamidullah Khan, who passed away in 1960, along with the heirs of his elder brother, Obaidullah Khan, initiated legal proceedings in 1999 to seek division and inheritance of the Nawab's private properties according to Muslim Personal Law. Also Read | PM Narendra Modi Conferred With 'The Order of the Republic of Trinidad & Tob ...Read More >
New Delhi, July 15 (SocialNews.XYZ) Leader of the Opposition (LoP) in Lok Sabha Rahul Gandhi has spent much of the past decade navigating legal scrutiny in various defamation and corruption-related cases filed across Indian jurisdictions. While none of these have led to custodial detention, they have triggered waves of courtroom appearances, intermittent convictions, and frequent bail grants, underscoring both the scale of his rhetoric-driven confrontations and the judiciary's measured response. In one of the more recent developments, LoP Rahul Gandhi appeared before the MP-MLA Special Magis ...Read More >
The Supreme Court has criticized the Centre and Maharashtra government for designating existing courts as special courts, highlighting the resulting delays in trials for various cases. The court emphasized the urgent need for creating new infrastructure, appointing judges and staff, and sanctioning government posts to establish dedicated special courts. The Supreme Court on Friday pulled up the Centre and Maharashtra government for designating existing courts as special courts as it asked for th ...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 >
New Delhi, Sep 15 (SocialNews.XYZ) The Congress on Monday welcomed the Supreme Court's interim order staying some provisions of the Waqf (Amendment) Act, describing it as a "substantial victory" for the constitutional values of justice, equality, and fraternity. "The Order is an important one because it goes a long way towards undoing the mischievous intentions underlying the original statute," said Jairam Ramesh, Congress MP and General Secretary in-charge communications. In a message on X, Ramesh said, "The Supreme Court's order today on the Waqf (Amendment) Act, 2025 represents a substant ...Read More >
Kolkata, Sep 15 (SocialNews.XYZ) The Enforcement Directorate (ED), Kolkata, on Monday, alleged that a number of Sahara Group assets, which were acquired out of the deposits collected from the public, were being disposed of in a clandestine manner via cash transactions, said the agency in a statement. The central investigation agency filed a charge sheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6. It named Anil V Abraham and Jitendra Prasad Verma, both arrested in the case by the ED and presently lodged in jail under judicial custo ...Read More >