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: Amidst international criticism of Israel over the war in Gaza, the Israeli defence industry is facing a crisis. Israel's closest allies are terminating defence agreements with Israel. Meanwhile, Spain has cancelled another arms deal with Israel's Rafael Advanced Defence Systems. According to Israeli media reports, the cancellation of this deal brings the value of suspended contracts with Israeli companies in recent months to approximately $654 million. The halt on new deals worth billions of dollars also threatens long-term exports. Israeli defence industry officials fear that other countries, seeking to pressure Israel to end the war in Gaza, may also cancel deals. The Spanish Defence Ministry announced last week that it had cancelled a planned purchase of dozens of Litening 5 targeting pods from Rafael. It guides aerial bombs from a distance of up to 100 km. This deal was valued at over $218 million. In addition, another $763 million deal for the Pulse rocket system between Israel's Elbit Systems and two Spanish firms has been cancelled. Elbit Systems' share of this deal was approximately $150 million. Earlier this year, Spain cancelled an ammunition order worth several million dollars with an Elbit subsidiary. Spanish Prime Minister Pedro Sánchez has taken a tough stance against Israel over the Gaza War. In recent weeks, Spain has imposed an arms embargo, preventing Israeli supply ships from docking at Spanish ports. Spain has also imposed restrictions on the export of raw materials, forcing Israeli firms to seek alternatives. According to Israeli media reports, the cancellation of this deal brings the value of suspended contracts with Israeli companies in recent months to approximately $654 million. The halt on new deals worth billions of dollars also threatens long-term exports.
Ambala (Haryana) [India], September 29 (ANI): The Indian Army displayed indigenous drones and counter-drone equipment in Ambala, Haryana, on Monday. During the drone showcase, officials from the Indian Army discussed the features of their drone technology. Also Read | Gwalior Shocker: 14-Year-Old Girl Allegedly Raped by 'Friend' at Gwalior Fort Under Pretext of Lift to School in Madhya Pradesh; Investigation Underway. "We have made an electronic fuse that can be used to fire by connecting to any sort of ammunition and can be dropped via drones... This will work depending upon the payload of ...Read More >
NEW DELHI: India on Wednesday offered the indigenous Akash air defence missile system to Brazil, even as the two countries decided to bolster their defence cooperation as well as explore opportunities for co-development and co-production of weapon systems and platforms.The progress of ongoing defence-related bilateral initiatives, with identification of priority areas for joint work, was reviewed in the meeting between defence minister Rajnath Singh and visiting Brazilian vice president Geraldo A ...Read More >
Kolkata: A two-member National Commission for Women team on Sunday visited the south Kolkata law college where a student was allegedly gang-raped last week.The team, accompanied by a videographer, was initially denied entry and asked to produce a formal order. After an hour-long discussion at the college entrance, the team, led by Archana Majumdar, was allowed in under two conditions -- no access to the crime scene and no videography permitted.The visit lasted 10 minutes. "We were denied access to the crime scene and other floors. I will include this in my report," said Majumdar, who was the f ...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, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
NEW DELHI: The Indian Army plans to induct tens of thousands of locally-made unmanned aerial systems and loitering munitions over the next five years to boost its battlefield capabilities, given the growing impact of these systems on military operations and how they have reshaped modern warfare as visible in ongoing global conflicts including the US-Israel war with Iran, officials aware of the matter said on Tuesday. The army's requirement spans 80 different types of unmanned systems for specifi ...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 >
New Delhi [India], July 18 (ANI): India successfully test-fired Short-Range Ballistic Missiles (SRBM), Prithvi-II and Agni-I, from the Integrated Test Range in Odisha's Chandipur, the Ministry of Defence said in an official statement. The launches took place on Thursday, during which all operational and technical parameters were validated. These tests were conducted under the aegis of the Strategic Forces Command. On July 16, India achieved a significant milestone by successfully destroying two Aerial high-speed unmanned targets at high altitude in Ladakh by Akash Prime, the upgraded varian ...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, Minister of State for Defence Sanjay Seth visited DRDO's Dr J Abdul Kalam Missile Complex in Hyderabad and reviewed the missiles and weapon systems programme being pursued by its various laboratories, officials on Friday said. He visited the complex on July 16 and 17, the Defence Ministry said. Seth commended the DRDO scientists for playing a crucial role in building Aatmanirbhar Bharat through realisation of state-of-the-art weapon systems. He exhorted the scientific community to c ...Read More >
Imphal: Manipur DGP Rajiv Singh on Sunday said the overall law and order situation in all districts of the state has improved by leaps and bounds, with the recovery of 3,014 illegal arms and 30,000 rounds of ammunition, as well as the surrender of over 1,000 illegally possessed arms along with 15,000 ammunition to security forces over the past year.Singh made this statement while speaking during the 134th Raising Day of Manipur Police at the parade ground of 1st Manipur Rifles in Imphal.Emphasising the force's continued dedication to maintaining peace, law and order despite ongoing challenges ...Read More >
Kolkata: Once heavily dependent on imports, India's defence sector is poised to emerge as a global supplier, riding on a plethora of policy reforms, investments and industrial capabilities. With NATO announcing that its member nations will raise defence expenditure to 5% of GDP by 2035, there is a growing optimism in India about making it big in the export of military hardware in the developed world. One of the bright spots is the achievement of Reliance Defence, which has grabbed an export order of Rs 600 crore from Germany's major defence manufacturer Rheinmetall Waffe Munition GmbH. Relian ...Read More >
New Delhi, Jul 9 (PTI) In line with the steps to modernise the Army's artillery regiments and enhance operational readiness, indigenously-made Advanced Towed Artillery Gun Systems (ATAGS) will replace the vintage and smaller calibre guns, with the Defence Ministry on Wednesday calling the project an "exemplary mission mode success". ATAGS is designed by Armament Research and Development Establishment (ARDE), Pune, a laboratory of the Defence Research & Development Organisation (DRDO). Also Read | Volkswagen Reports Electric Vehicles Sales Surge in 2025. The ministry shared a post on X along ...Read More >
India No. 3 batter's Ranji Trophy-winning coach at Vidarbha, Usman Ghani, believes Nair should be retained for the crucial 4th Test against England; insists his mental strength and grit will help team emerge from 1-2 deficit India's No. 3 batter Karun Nair piled on the runs in the domestic circuit to make a deserving comeback to the Test team after a gap of eight years. However, going by his performances in the first three Tests in the ongoing series against England, his place in the playing XI for the fourth fixture, starting on July 23 at Manchester, is uncertain. Nair, 33, scores in the s ...Read More >
Bhubaneswar: The special crime unit (SCU) of city police on Thursday seized two semi-automatic guns, 10 bullets, two magazines and arrested one person after busting an illegal arms racket.Police said the operation was carried out in the afternoon near Hatatola pond in Sundarapada under Airfield police station limits. Acting on a specific intelligence input, SCU personnel mounted surveillance in the area and intercepted the suspect after tracking his movements. The arrested accused was identified ...Read More >
New Delhi, Jul 9 (PTI) In line with the steps to modernise the Army's artillery regiments and enhance operational readiness, indigenously-made Advanced Towed Artillery Gun Systems (ATAGS) will replace the vintage and smaller calibre guns, with the Defence Ministry on Wednesday calling the project an "exemplary mission mode success". ATAGS is designed by Armament Research and Development Establishment (ARDE), Pune, a laboratory of the Defence Research & Development Organisation (DRDO). The ministry shared a post on X along with a video showcasing ATAGS, whose maximum range is 48 km. "We star ...Read More >
Dibrugarh: In one of the largest anti-encroachment drives in recent years, the Lakhimpur district administration on Thursday demolished 218 illegal homes and cleared 288 bighas of encroached land across three Village Grazing Reserves (VGRs).The eviction drive, which was conducted under the supervision of district commissioner (DC) Pronab Jit Kakoty and senior superintendent of police (SSP) Gunendra Deka, saw a massive deployment of police and paramilitary forces, along with 12 excavators, at Phukanarhat, Debera Doloni and Christian VGR areas."The drive was conducted peacefully and no untoward ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
New Delhi: Inside a heavily guarded defense complex in Islamabad, two delegations met behind closed doors. Flags of Pakistan and Turkey stood side by side. No ceremony. No speeches. But the message was loud. A major defense agreement has taken shape between the two nations. One that involves cutting-edge drones, classified surveillance data and a quiet alignment of military strategies. The deal runs deep. Turkey will send Pakistan its combat-tested Bayraktar TB2 drones. Alongside them, the more powerful Akinci drones. Both built for precision, speed and destruction. The deal is worth $900 mi ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
Wednesday, 9 July 2025 () Congress leader and National Students' Union of India (NSUI) national incharge Kanhaiya Kumar, along with Pappu Yadav, who is an independent MP from Purnia Lok Sabha constituency, on Wednesday were snubbed by security from boarding a van during the Mahagathbandhan protest against electoral roll revision in poll-bound Bihar. ...Read More >
BHUBANESWAR: Bhubaneswar police on Thursday arrested an arms dealer and seized two semi-automatic pistols, 10 rounds of live ammunition and two magazines from his possession. The accused was identified as Amaresh Rout (28) alias Kanha of Sundarpada. Acting on a tip-off, the Special Crime Unit (SCU) nabbed Rout along with the weapons in the afternoon. Police said he was also involved in the murder of a Rama Devi Women's University student in Bhubaneswar in 2021. After killing the girl, Rout, along with the main conspirator, had disposed of her body in Jajpur. After walking out of jail two ye ...Read More >
Lucknow: A joint team from Malihabad and Rahimabad police stations arrested a 68-year-old man allegedly involved in manufacturing and selling illegal firearms in the Mirzaganj area of Malihabad on Friday. The accused, Salauddin alias Lala, was also found in possession of prohibited deer skin and a large cache of weapons, ammunition, and tools used in making illegal arms.Police received a tip-off that a man near the old picture hall in Mirzaganj was in possession of illegal weapons and was waiting ...Read More >
Indian and Nigerian defense leaders discussed enhancing bilateral defense cooperation, focusing on military engagements, counter-terrorism training, and maritime collaboration. India's defense industry readiness and joint research opportunities were highlighted. This marks a continuation of the warm relations rooted in a decades-long partnership between the two nations. In a strategic move to enhance their defense relationship, Indian Minister of State for Defence Sanjay Seth met with his Nigeri ...Read More >
New Delhi, Jul 16 (PTI) Chief of Defence Staff General Anil Chauhan on Wednesday said recent conflicts globally have demonstrated how drones can "shift tactical balance disproportionately", and asserted that self-reliance in UAVs and Counter-Unmanned Aerial Systems (C-UAS) is a "strategic imperative" for India. In his address at an event held at Manekshaw Centre here, Gen Chauhan also said Operation Sindoor has shown why indigenously developed Unmanned Aerial Systems (UAS) and C-UAS "built for our terrain and our needs are crucial". A day-long workshop on 'Indigenisation of Critical Componen ...Read More >
Ambala (Haryana) [India], September 29 (ANI): The Indian Army displayed indigenous drones and counter-drone equipment in Ambala, Haryana, on Monday. During the drone showcase, officials from the Indian Army discussed the features of their drone technology. "We have made an electronic fuse that can be used to fire by connecting to any sort of ammunition and can be dropped via drones... This will work depending upon the payload of the drone..." Colonel Pushp Raj Pandey told ANI. During the event, Major Varun Jeet Singh showcased the capabilities of the army's drone system technology. Accordin ...Read More >
New Delhi [India], March 31 (ANI): Indian Army and Assam Rifles formations under Spear Corps, in close coordination with Manipur Police, conducted a series of precise, intelligence-based joint operations across Imphal East, Imphal West, Bishnupur, Chandel, Kangpokpi, Churachandpur and Tengnoupal districts over the past week. The operations led to the apprehension of 17 cadres from hill and valley-based groups and the recovery of 17 weapons, along with explosives and other war-like stores, accord ...Read More >
Lucknow: The ongoing investigation into the illegal arms manufacturing racket busted in Malihabad has taken a turn, with Lucknow Police uncovering a possible Dubai connection and probing suspected ties to Pakistan.Hakeem Salauddin, 68, who was arrested earlier this week after a late-night raid led police to an illegal arms unit operating out of a residential area in Malihabad. During the raid, police recovered a cache of illicit firearms, live ammunition, and even prohibited wildlife material from Salauddin's home.The investigators also recovered a laptop containing records of frequent communi ...Read More >
New Delhi, July 3 (SocialNews.XYZ) The Defence Acquisition Council, under the chairmanship of Defence Minister Rajnath Singh, on Thursday, gave the go-ahead for 10 proposals to purchase military hardware, including missiles and electronic warfare systems, worth approximately Rs 1.05 lakh crore through indigenous sourcing. The Council accorded its "Acceptance of Necessity (AoN) for the procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles. These procurements will provide higher mobili ...Read More >
Morigaon (Assam) [India], June 8: Assam Water Resources, Information and Public Relations Minister Pijush Hazarika on Sunday formally distributed smartphones to Anganwadi workers of Morigaon district in a special function held at the District Library Auditorium. He was joined by Kaushik Rai, Guardian Minister of the district. The distribution programme, organised by the District Women and Child Welfare Department under the POSHAN Abhiyaan, benefited Anganwadi workers and helpers of 2137 AWCs across the district. Also Read | Chennai Shocker: Doctor Kills Woman Who Blackmailed Him With Nude Ph ...Read More >