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.
An indefinite curfew was imposed in Leh town on September 24 following clashes. Leh: Ladakh's tourism sector, already reeling from setbacks earlier this season, has been dealt another blow with the curfew in Leh following last week's violence. Stakeholders said the industry was first hit by widespread cancellations after the April 22 Pahalgam terror attack in Jammu and Kashmir, and the fresh disturbances have further dented travellers' confidence. An indefinite curfew was imposed in Leh town
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
Dehradun: Uttarakhand Chief Minister Pushkar Singh Dhami is the first person to register his marriage on the Uniform Civil Code (UCC) portal in Uttarakhand. It is mandatory under UCC provision to register the marriage solemnized after march 2010. CM Dhami, who married Geeta Dhami on February 5, 2011, received the certificate of registration from Uttarakhand Chief Secretary Radha Ratudi. This moment marked the launch of the UCC, making Uttarakhand the first state in India to implement such a law. All marriages solemnized after March 2010 must be registered The UCC mandates that all marriages ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...Read More >
Katra/Jammu, Jun 5 (PTI) Union minister Jitendra Singh on Thursday lauded Prime Minister Narendra Modi for ensuring a speedy completion of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project after taking office in 2014 and said it marks the beginning of a historic journey in setting up the world's highest railway bridge in Jammu and Kashmir. On Friday, Prime Minister Narendra Modi is scheduled to inaugurate the world's highest railway bridge over the Chenab river and the Anji Khad bridge, India's first cable-stayed bridge, before flagging off Vande Bharat trains to mark the completio ...Read More >
Itanagar: The Arunachal Pradesh govt has launched a statewide crackdown to detect and deport illegal Bangladeshi immigrants, an official said on Thursday.Acting on directives issued by the Union ministry of home affairs (MHA), the state has instructed all districts to immediately constitute district task forces (DTFs) to identify undocumented immigrants and ensure strict enforcement of Inner Line Permit (ILP) provisions.The decision was taken at a high-level meeting chaired by advisor to home minister Mutchu Mithi and DGP Anand Mohan on Wednesday. The meeting was attended by senior police offi ...Read More >
New Delhi, December 15: The 'One Nation, One Election' Bill, officially known as the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, will not be tabled in the Lok Sabha on Monday. The Revised Business List of the Lower House for the day does not mention the Bill. The first list had scheduled the Bill for Monday. It mentioned, "... Arjun Ram Meghwal to move for leave to introduce a Bill further to amend the Constitution of India. Also to introduce the Bill." One Nation, One Election: Union Cabinet Approves Bills for Simultaneous Lok Sabha, State Assembly Elections, Say Source ...Read More >
New Delhi: The opposition INDIA bloc formed to take on the BJP led NDA in the 2024 Lok Sabha elections is struggling with internal rift with Jammu and Kashmir Chief Minister Omar Abdullah acknowledging the growing discontent among the alliance partners and asking Congress to justify its leadership role instead of taking it for granted. Suggesting the Congress to raise the issue of raise the issue of restoration of statehood in Jammu and Kashmir, Abdullah said the leadership "has to be earned" and cannot be taken for granted. "By virtue of being the single largest party in Parliament, and als ...Read More >
Imphal, Jan 21 (PTI) Chief Minister N Biren Singh on Tuesday pleaded with people to take a pledge to work collectively to uphold the pride and dignity of Manipur on the occasion of statehood day. Manipur became a full-fledged state on January 21, 1972. "It was on this day in 1972 that Manipur became a full-fledged state of the Indian Union, marking a significant milestone in our history. On this momentous day, let us pledge to work collectively to uphold the pride and dignity of our beautiful state," the chief minister said on X. His comment comes at a time when the northeastern state is wi ...Read More >
New Delhi [India], May 23 (ANI): Criticising the BJP-led NDA government, Leader of the Opposition in Lok Sabha (LoP) Rahul Gandhi on Friday said that India's foreign policy has collapsed. In a post on X, Gandhi raised three questions to the central government. "Will JJ explain, Why India has been hyphenated with Pakistan? Why didn't a single country back us in condemning Pakistan? Who asked Trump to "mediate" between India & Pakistan?" the LoP said. Reposting a video of S Jaishankar's interview with a media outlet, he said, "India's foreign policy has collapsed," he added. Earlier, Gandhi q ...Read More >
Jammu: Jammu and Kashmir Lt Governor, Manoj Sinha, Chief Minister Omar Abdullah and Union ministers Ashwini Vaishnaw and Jitendra Singh reached Katra in Reasi district on Thursday to review arrangements a day ahead of Prime Minister Narendra Modi's visit, officials said. On Friday, the prime minister is scheduled to inaugurate the Chenab bridge and the Anji bridge, India's first cable-stayed bridge, the symbol of the country's engineering excellence, before flagging off Vande Bharat trains to mark the completion of the 272-km Udhampur-Srinagar-Baramulla Railway Link (USBRL) that will provide ...Read More >
New Delhi: The Border Security Force (BSF) has completed the deployment of two fresh battalions, comprising more than 2,000 personnel, in the Jammu region to better plug infiltration from across the Pakistan front and check the recent spurt of terrorist activities in the area. Officials in the security establishment told PTI that the new troops of these units have been deployed "in depth areas" as the "second line of defence" just behind the BSF border deployment along the international border (IB) with Pakistan. These two BSF battalions were recently withdrawn from the anti-Naxal operations ...Read More >
Nagpur: Shiv Sena (UBT) chief Uddhav Thackeray on Tuesday claimed the Centre's move to introduce a bill on simultaneous polls in the Lok Sabha was an attempt to divert attention from issues plaguing the country. Addressing reporters in Maharashtra's Nagpur city, Thackeray demanded a transparent election process before implementation of the 'One Nation One Election' proposal. Even the election commissioners should be elected through polls, the former state chief minister said but did not elaborate on how to go about it. Thackeray also said that the Devendra Fadnavis-led Maharashtra government ...Read More >
Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >
New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Gulmarg (JK), May 28 (PTI) Chief Minister Omar Abdullah on Wednesday said the April 22 Pahalgam attack has not stalled the conversation around restoration of statehood to Jammu and Kashmir and that he had raised the issue at the recent meeting of NITI Aayog governing council. "No, not at all. If you were to take out the formal speech that circulated in the NITI Aayog meeting, you will find a categorical mention for return of statehood in that ... which was given to the Honourable Prime Minister and all the members of the governing council of the NITI Aayog," Abdullah told reporters in this to ...Read More >
JAMMU, Nov 17: Maharashtra police along with Military Intelligence and Army have arrested nine persons hailing from the border district of Rajouri for taking up jobs as security guards in different cities in Maharashtra and carrying weapons with fake licenses. Nine 12-bore rifles and 58 bullets have been recovered from their possession. Follow the Daily Excelsior channel on WhatsApp The arrests were made during a joint operation of Ahilyanagar (formerly Ahmednagar) police in Maharashtra, Southern Command and Military Intelligence on the basis of tip off that some persons from Rajouri distric ...Read More >
Mumbai, Jan 10 (PTI) Shiv Sena (UBT) leader Sanjay Raut on Friday said it was the responsibility of the Congress to keep the INDIA bloc intact as it was the largest party in the opposition alliance. Raut's statement came in the backdrop of Jammu and Kashmir Chief Minister Omar Abdullah's remarks expressing dismay over the lack of clarity on INDIA bloc leadership and agenda, and saying the alliance should be wound up if it was meant only for the 2024 parliamentary elections. "If the alliance partners feel the INDIA bloc was only for the Lok Sabha polls and doesn't exist now, the Congress is t ...Read More >
The agitators demanded strict punishment for those who insulted the statue. Violent protests took place for the second day in central Maharashtra's Parbhani city on Wednesday over alleged vandalising of a replica of the Indian Constitution, police said. Amid the bandh called by some organisations, a mob indulged in arson and police fired teargas shells in response, a senior official told PTI. How did the protest begin? An unidentified person on Tuesday damaged a replica of the Constitution he ...Read More >
NIA raids 19 locations in Jaish-e-Mohammed conspiracy probe targeting youth radicalisation The National Investigation Agency conducted raids at 19 locations across Jammu and Kashmir, Uttar Pradesh, and another state to investigate a Jaish-e-Mohammed conspiracy aimed at radicalising youth and spreading terror in India The National Investigation Agency (NIA) carried out extensive searches on Thursday at 19 locations across three states and the Union Territory of Jammu and Kashmir as part of its o ...Read More >
New Delhi, Jun 5 (PTI) Moody's Ratings will consider India-Pakistan conflict while evaluating India's rating, a source said. Representatives from the US-based rating agency on Thursday met India's finance ministry officials. Moody's currently has the lowest investment grade rating for India at "Baa3" with a stable outlook. "The rating agency will consider India-Pakistan conflict in its sovereign rating assessment," a source said. Last month, Moody's had said escalation of tensions between India and Pakistan will not have any major economic disruption in the country, but will be a setback f ...Read More >
New Delhi: Union Home Minister Amit Shah on Tuesday said that when the 'One Nation, One Election' Bill was taken up in the cabinet for approval, Prime Minister Narendra Modi suggested that the bill be sent to a Joint Parliamentary Committee (JPC) for detailed discussions. Shah said, "When the One Nation, One Election Bill was taken up in the cabinet for approval, PM Modi had said that it should be sent to the JPC for detailed discussion. If the Law Minister is willing to send the bill to JPC, the discussion on its introduction can end." Proposal Made By Union Minister Arjun Ram Meghwal Supp ...Read More >
Meerut (UP), Jan 10 (PTI) Five members of a family, including three children aged eight, four and one whose bodies were stuffed in sacks and kept in a bed box, were found killed in their home, police said on Friday. Two persons were detained for the sensational murders that shocked this Uttar Pradesh town. Several suspects have also been taken into custody for the killing that came to light on Thursday night. The bodies of the parents were wrapped in bedsheets. And all five had deep head injuries and slash marks on their necks. Senior Superintendent of Police (SSP) Vipin Tada said, "Based on ...Read More >
Ahmedabad, Jan 22 (PTI) The tableau of Gujarat which will be part of the 76th Republic Day celebrations in New Delhi merges the state's rich cultural heritage and development with the nation's growth and progress, officials said Wednesday. The tableau, themed "From Anartpur to Ektanagar - A Confluence of Heritage and Development" has the 12th-century Solanki-era 'Kirti Toran' of Vadnagar placed alongside the towering 'Statue of Unity', the world's tallest 182-metre statue of Sardar Vallabhbhai Patel, displaying its "historical legacy alongside contemporary achievements", an official release s ...Read More >
Gangtok, Jun 5 (PTI) Altogether 63 stranded people, mostly tourists, were on Thursday evacuated by helicopters from Chaten in north Sikkim, which was hit by a landslide earlier this week, officials said. Sixty-four other tourists are still waiting at Chaten to be rescued by the army and local administration. The operation to rescue them was called off due to inclement weather and challenging terrains during the day, officials said. Chaten is located near Lachen, a small town in Mangan district, which is used by travellers to reach Gurudangmar Lake which is a popular tourist destination. Off ...Read More >
Dehradun, Jun 5 (PTI) Lt Gen Anindya Sengupta, General Officer Commanding-in-Chief (GOC-in-C) Central Command, on Thursday flagged off a motorcycle expedition 'Kumaon Quest' aimed at engaging the youth, promoting women empowerment and border tourism in Kumaon hills. The nine-day expedition will navigate through the rugged and picturesque terrain of the Kumaon region of Uttarakhand with focus on promoting national initiatives such as the Agnipath Scheme, Join Indian Army and the Vibrant Village Programme, a press release issued by the PIB's defence wing said. Led by a woman officer, the rally ...Read More >
The demand comes as the convention of Maharashtra Ekikaran Samiti (MES) in Belgaum was not allowed by the Karnataka government and the MES leaders and workers were detained on Monday. Sena (UBT) MLA Aaditya Thackeray Monday wrote a letter to Chief Minister Devendra Fadnavis seeking to pass a resolution in the Maharashtra Assembly to make Belgaum- Karwar a Union Territory. "....As we know, the issue of Belgaum and Karwar are becoming serious. We know how important it is to give justice to the Ma ...Read More >
New Delhi, Dec 12 (PTI) Opposition parties on Thursday raised concerns over bills cleared by the government for holding simultaneous elections and said larger consultations are required while ruling NDA leaders asserted the burden on the exchequer will be lessened. The Union Cabinet approved bills to implement 'One Nation, One Election' and sources said the draft legislations are likely to be introduced in Parliament in the ongoing Winter session. Also Read | Gaganyaan Mission Update: ISRO Announces That Its C20 Cryogenic Engine Aces Crucial Test for Indian Crewed Orbital Spacecraft. Opposi ...Read More >
New Delhi, May 23 (PTI) Congress leader Rahul Gandhi on Friday claimed that India's foreign policy has "collapsed" and asked External Affairs Minister S Jaishankar to explain why has India been hyphenated with Pakistan and who asked US President Donald Trump to "mediate" between the two South Asian neighbours. Gandhi tagged a post by the Congress which carried a video clip of Jaishankar answering questions on the Pahalgam terror attack and the subsequent tensions between India and Pakistan, during an interview with Dutch broadcaster NOS "Will JJ explain: Why has India been hyphenated with Pak ...Read More >