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 York: Indian tech workers holding H-1B visas have become the target of a racist online campaign coordinated on far-right forums such as 4chan. The campaign, dubbed "Clog the Toilet", reportedly seeks to disrupt flight bookings for Indians returning to the United States after vacationing in India. The tactic involves reserving multiple seats on India-US flights and initiating the checkout process without completing payment. By repeatedly doing so, the campaigners temporarily block genuine passengers from purchasing tickets, leading to inflated fares. The development follows former President Donald Trump's September 21 announcement of a a$100,000 fee on H-1B visas, triggering panic among Indian professionals abroad. Many rushed to book tickets back to the US, fearing the new fee would apply to their re-entry. One such passenger, Austin-based software engineer Amrutha Tamanam, said she struggled to secure a flight to Dallas on Qatar Airways and eventually paid nearly $2,000 -- more than double the original round-trip fare. Posts on 4chan and Telegram contained racist slurs against South Asians, with users boasting about "wrecking Jeets" by blocking seats. Messages urged participants to "clog the flight reservation system" to keep Indians from returning. Despite the online claims, an Air India spokesperson said the airline's website had not experienced any disruption. To ease concerns, the White House clarified that the $100,000 fee applies only to new H-1B petitions. Press Secretary Karoline Leavitt confirmed: "Those who already hold H-1B visas and are currently outside of the country right now will NOT be charged $100,000 to re-enter." The campaign has raised fresh concerns about the intersection of immigration policy, racism, and online extremism in the United States.
A question. Which party played identity politics in the 2024 campaign? Donald Trump and the Republicans or Kamala Harris and the Democrats? Left-leaning pundits think they know. Political consultant James Carville blamed Democrats' defeat on their "stupid, Goddamn identitarian mission." CNN anchor and Washington Post columnist Fareed Zakaria argued that one of the big mistakes Harris made was "elevating identity politics." New York Times columnist Maureen Dowd declared that "woke is broke." This one-sided attack on identity politics happens like clockwork when Democrats lose an election, eve ...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 >
New Delhi: India on Thursday said it has "noted" the recent visit of Pakistan Army chief to the White House, even as it asserted that the India-US partnership is grounded in shared democratic values, and "we remain confident in the trajectory of this most consequential partnership of the 21st century". At the weekly media briefing in the capital, MEA spokesperson Randhir Jaiswal was asked about the invitation that was extended to Field Marshal Asim Munir to the White House. US President Donald Trump had hosted Pakistan's Chief of Army Staff for lunch at the White House on June 18. "On your q ...Read More >
NEW DELHI: Indian negotiators currently in the US for last-minute talks to finalise an interim trade deal on Monday extended their stay by three more days, raising hopes of a deal before the July 9 deadline when the Trump tariffs will kick in if there is no pact. A commerce ministry official said the Indian team would stay till July 1. The negotiators were originally scheduled to stay for two days -- June 26 and 27. The Indian team is headed by Rajesh Agrawal, special secretary, Department of Commerce. Last week, US President Donald Trump had hinted at the possibility of a big trade agreemen ...Read More >
Dehradun (Uttarakhand) [India], July 4 (ANI): Following the completion of four years as the Chief Minister of Uttarakhand, Pushkar Singh Dhami said that in the past four years, he has faced many challenges, but with the "grace of god", every time it became an "opportunity" for him. Pushkar Singh Dhami participated in the 'Northern Region Ministers Conference on Civil Aviation' in Dehradun. He was accompanied by Union Minister of Civil Aviation Ram Mohan Naidu. Also Read | PNB, Indian Bank and Bank of India Cut MCLR by 5 BPS in July 2025 After RBI Repo Rate Cut; Home, Personal Loans May Get C ...Read More >
Washington: India and US are "very close" to finalising a trade deal, US President Donald Trump has said, as high-level talks between the two sides continue. "We're very close to a deal with India where they open it (the market) up," Trump told reporters at the White house on Wednesday. Later in the day, he reiterated that the deal with India was "very close" when asked about upcoming trade agreements in an interview with broadcaster Real America's Voice. India and the US have been locked in intense negotiations over the past few months, aiming to reach an agreement before steep tariffs kick ...Read More >
NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a "very big" agreement with India will be forthcoming soon. In a presser at the White House, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.""We're not going ...Read More >
Donald Trump claims he prevented a war between India and Pakistan. He says he used the threat of halting trade deals to de-escalate tensions. Trump mentions phone calls with leaders from both nations. He also notes a meeting with Pakistan's Army Chief. India maintains that the ceasefire understanding came from direct talks between military officials.US President Donald Trump on Wednesday repeated his claim that he stopped the war between India and Pakistan and told the two countries that America ...Read More >
Lucknow (Uttar Pradesh) [India], July 4 (ANI): Bahujan Samaj Party (BSP) chief Mayawati on Friday took a jibe at the Bihar government for appointing principals to five colleges in Patna University via a draw of lots. She alleged that the principals have not been appointed based on their expertise in a subject. Sharing an X post, Mayawati wrote, "The issue of appointing principals through a new 'lottery' system in five prestigious colleges of the renowned Patna University in Bihar has become quite interesting, garnering significant attention across the country, especially in the media and educ ...Read More >
New Delhi [India], July 4 (ANI): India on Friday refuted claims that External Affairs Minister S Jaishankar's request to meet US President Donald Trump was denied by the White House due to his busy schedule, terming it as 'fake news.' In a post on X, Ministry of External Affairs (MEA) Factcheck unit stated, 'CLAIM: White House denies Indian FM Jaishankar's request to meet Donald Trump due to busy schedule. This is FAKE News. This CLAIM is false.' https://x.com/MEAFactCheck/status/1940852409657704485 MEA's statement comes after a user on social media platform X claimed that the White House d ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...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 >
The incoming US president has vowed to press for a quick deal to end Russia's war - leaving Kyiv scrambling to position itself ahead of his January inauguration Nato foreign ministers looked set to rebuff Tuesday a push from Ukraine for progress on joining their alliance ahead of Donald Trump taking power in the United States. The incoming US president has vowed to press for a quick deal to end Russia's war - leaving Kyiv scrambling to position itself ahead of his January inauguration. Ukraine's President Volodymyr Zelenskyy has said getting security guarantees from the Western alliance and ...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 >
Mumbai, June 27, 2025 -- Indian equity benchmarks, Sensex and Nifty 50, are poised for a strong start on Friday, riding the wave of global optimism and supportive domestic sentiment. Gift Nifty was trading around 25,715, nearly 100 points above Nifty futures' previous close, signaling a positive bias at the opening bell. The Nifty 50 had closed Thursday at a 9-month high of 25,549, while the Sensex rallied 1,000 points to end at 83,755. With the Israel-Iran ceasefire holding, investor sentiment across Asia and the US improved further overnight. Also Read: Bank Nifty Hits Record 57,076; HDFC ...Read More >
Mumbai: Indian stock markets opened on a positive note Friday, buoyed by optimism over a potential "great" trade deal between India and the United States, as hinted by former US President Donald Trump. Early morning trade saw gains led by PSU banks and IT stocks, with benchmark indices climbing steadily. At 9:15 AM, the BSE Sensex was up 150.40 points or 0.18%, trading at 83,906.27, while the NSE Nifty gained 54.50 points or 0.21% to trade at 25,603. Speaking at the 'Big Beautiful Event' held at the White House, Trump indicated a significant bilateral trade deal with India could soon materia ...Read More >
New Delhi: The letter was sharp and its message was unmistakable. Sri Lanka. Algeria. Iraq. Libya. Brunei. Moldova. Philippines. All now slapped with fresh US tariffs - some as high as 30%. The White House did not blink. The list kept growing. Seven more countries have now been pulled into President Donald Trump's intensifying tariff dragnet, expanding his sweeping campaign to punish what he calls "unfair treatment" of American goods. The new penalties land hard. Sri Lanka, Algeria, Iraq and Libya now face 30% tariffs. Brunei and Moldova were hit with 25%. The Philippines got docked at 20%. T ...Read More >
New Delhi [India], July 10 (ANI): Palestinian Ambassador to India, Abdullah Abu Shawesh, said that the conflict between Israel and Gaza is not a conflict and termed it Israel's 'brutal aggression', which he said has continued for 642 days. He expressed hope that Israel's brutal aggression and massacre would come to an end 'very soon.' Speaking to ANI, Shawesh said that approximately 10,000 civilians have lost their lives due to the conflict in Gaza, which has lasted for the past 642 days. When asked about the Israel-Gaza conflict, he said, 'I find all the time myself having no other choice e ...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 >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
New Delhi, Jul 12 (PTI) Indian students, tourists, business travellers and those working in technology firms planning to head to the United States may soon have to pay more than double the existing visa fee due to a new 'visa integrity fee' being imposed by the US, according to immigration service consultants. The 'visa integrity fee' finds a mention in the 'One Big Beautiful Bill' (now an Act) signed by President Donald Trump on July 4. Immigration domain watchers and firms facilitating students for study abroad have been closely watching this bill before Trump signed his package of tax bre ...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 >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positio ...Read More >
TMTPOST -- India is seeking to reach a trade agreement that allows the upcoming tariffs imposed by the United States much lower than its Asian peers which have received letters dictating new reciprocal tariffs starting next month, according to a report on Thursday. India is seeking a trade deal at more favorable tariff rates than U.S. President Donald Trump had agreed with Indonesia and Vietnam, Bloomberg learned from officials in New Delhi. India is hoping for a tariff that would give it a competitive advantage against its peers in the region, according to the officials. It was said that New ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
New Delhi: The clock is ticking. Only a few days left before the July 9 deadline set by U.S. President Donald Trump. Hopes of a limited trade deal between India and the United States still linger. But the mood around the negotiating table feels anything but settled. The White House has publicly hinted that the deal is all but done. In New Delhi, officials have echoed a similar sentiment, calling the potential agreement "big, good and beautiful". Trump claimed it would open Indian markets to American goods. But behind closed doors, things remain tangled in tough back-and-forth. Key concerns h ...Read More >
Donald Trump’s re-election fueled a massive stock market rally in November, with the S&P 500, Dow Jones, and NASDAQ posting impressive gains of 5.7%, 7.5%, and 6.2%, respectively. Investors who picked the right stocks enjoyed exceptional profits, particularly with ProPicks AI, which delivered a staggering 91.37% return since its launch. This tool leverages big data and historical analysis to identify high-performing stocks, offering a 49% outperformance against benchmarks. As December begins with optimism, ProPicks AI has released its latest stock picks, available through a Cyber Monday deal o ...Read More >