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 [India], September 29 (ANI): India's industrial output, measured by the Index of Industrial Production (IIP), recorded a year-on-year growth of four per cent in August 2025, according to data released by the Ministry of Statistics and Programme Implementation on Monday. The growth in August came after the index had risen 3.5 per cent in July 2025. The Quick Estimates of IIP stood at 151.7 in August 2025, higher than 145.8 recorded in the same month last year. "The index is compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP," the ministry said. Breaking down the August 2025 figures, the mining sector grew 6 per cent, manufacturing rose 3.8 per cent, and electricity generation increased 4.1 per cent. The indices for these three sectors stood at 113.5, 151.6 and 221.1, respectively. Within the manufacturing sector, 10 out of 23 industry groups reported positive growth compared to August 2024. The top three contributors were the manufacture of basic metals, which grew by 12.2 per cent; coke and refined petroleum products, which expanded by 5.4 per cent; and motor vehicles, trailers, and semi-trailers, which rose by 9.8 per cent. In the basic metals industry, items such as mild steel slabs, hot-rolled coils and sheets, and steel pipes and tubes helped drive growth. In petroleum products, diesel, petrol and liquefied petroleum gas were the main contributors. In motor vehicles, auto components, axles and commercial vehicles played a major role in the increase. As per the use-based classification, primary goods recorded an index of 148.9, capital goods stood at 112.1, intermediate goods at 170.4, and infrastructure or construction goods at 200.8 in August 2025. The indices for consumer durables and consumer non-durables stood at 134.4 and 132.8, respectively, the release said. The corresponding growth rates compared with August 2024 were 5.2 per cent for primary goods, 4.4 per cent for capital goods, five per cent for intermediate goods, and 10.6 per cent for infrastructure or construction goods. Consumer durables grew 3.5 per cent, while consumer non-durables declined by 6.3 per cent. The ministry noted that based on this classification, the top three contributors to the growth of the IIP in August were primary goods, infrastructure or construction goods, and intermediate goods. The data also showed that the indices for July 2025 were revised after updated information was received from the source agencies. The Quick Estimates for August 2025 and the final revision for July 2025 were compiled at weighted response rates of 90.96 per cent and 92.99 per cent, respectively. The ministry added that the next release of IIP data, for September, will be published on October 28. (ANI)
Bhubaneswar, Dec 18 (PTI) Ahead of BJD's 28th foundation day on December 26, its chief Naveen Patnaik on Wednesday urged members to remain dedicated to serving the people of Odisha, while the party announced a mass demonstration in Bhubaneswar on January 6 to highlight the price rise of essential commodities and other issues. Patnaik asked party supporters to "raise voice against the BJP government's 'anti-people' policies" and also highlight the impact of high inflation, which hits the poor and middle class. "The party leaders and workers need to create awareness among people on the state B ...Read More >
NEW DELHI: Indian equities surged sharply after the Reserve Bank of India (RBI) delivered a larger-than-expected 50 basis points repo rate cut, reducing it to 5.5% in today's Monetary Policy Committee (MPC) meeting. The move, led by Governor Sanjay Malhotra, exceeded market expectations of a modest 25 basis points cut, thus fueling a broad-based rally. The BSE Sensex zoomed by about 800 points to trade above 82,200 level while the NSE Nifty surge more than 250 points to trade around 25,000 level as of 12.15 pm. Stocks in the rate-sensitive sectors like realty, banking, NFBC and auto counters ...Read More >
NEW DELHI: Road transport and highways minister Nitin Gadkari on Thursday urged vehicle manufacturers and logistics companies to opt for trucks that run on alternative fuels rather than diesel-fuelled ones to cut down pollution, reduce logistics costs, and decrease India's dependence on imported fossil fuel."My appeal to you all is - don't go for diesel trucks, think about alternative fuel and biofuel. It's economically viable," Gadkari said, while addressing industry leaders. He added that govt is encouraging the use of alternative fuels such as biodiesel, ethanol, hydrogen, and others.On the ...Read More >
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
Shares of NMDC, steel stocks faced selling pressure on December 18 as the Siddaramaiah-led Karnataka government tabled a bill to tax mines and mining land. NMDC, JSW Steel, Tata Steel, SAIL stocks were trading in red, with NMDC stock bearing the brunt of the fall by falling 5% as CNBC-TV18 reported that the Karnataka government might hike duty on iron ore. At 12:30 pm on December 18, NMDC shares were trading 6% lower at Rs 213.49 apiece, the biggest fall in 18 weeks. Karnataka is an important s ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth rate of the core industries, therefore, is an indicator of the overall industrial growth rate. Apa ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
New Delhi, June 30 (SocialNews.XYZ) Starting Tuesday, the Delhi government is planning to stop the sale of petrol and diesel to end-of-life (EoL) or over-age vehicles - a move aimed at fighting vehicular emission-linked air pollution in the Capital, an official said. Petrol pump owners on Monday confirmed that Automatic Number Plate Recognition (ANPR) cameras and other devices linked to the transport ministry's data bank have been installed at their outlets to identify EoL vehicles. The Commission for Air Quality Management (CAQM) has issued a direction that all EoL vehicles identified throu ...Read More >
Listening to the sounds of nature such as birdsong reduces stress levels - but the sound of traffic increases them, new research shows. The research lends support for anyone who is a firm believer in the curative powers of a walk in the countryside or through a forest. In a study, 68 volunteers listened to three three-minute soundscapes: a nature soundscape recorded at sunrise in West Sussex, the same soundscape combined with 20 mile per hour road traffic sounds, and the same soundscape with 40 mile per hour traffic sounds. General mood and anxiety were assessed before and after the soundsc ...Read More >
New Delhi: The BS3 petrol and BS4 diesel vehicle ban has been lifted in Delhi after the Air Quality Index (AQI) improved to the moderate category. The Supreme Court allowed the Commission for Air Quality Management (CAQM) to ease restrictions due to the improvement in the national capital's air pollution situation. Delhi had been facing high pollution levels, which led CAQM to enforce Stage 4 of the Graded Response Action Plan (GRAP). The court has now asked the commission to apply GRAP Stage 2. ...Read More >
India's Index of Industrial Production (IIP) witnessed a significant slowdown in October 2024, registering a mere 3.5% year-on-year growth. This decline is primarily attributed to weak performance across key sectors like mining, power, and manufacturing. Compared to the robust 11.9% growth in October 2023, the latest figures highlight a concerning trend. New Delhi: India's industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday. The IIP recorded a growt ...Read More >
Mumbai, June 6: Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank's jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro environment, they said. After a muted start, benchmark sensitive index Sensex and Nifty soon recovered ...Read More >
New Delhi [India], December 12 (ANI): The Index of Industrial Production (IIP) growth rate for October 2024 registered a modest increase to 3.5 per cent, up from 3.1 per cent in September 2024, according to the Quick Estimates released on December 12. According to the Ministry of Statistics & Programme Implementation, sectoral analysis reveals mixed performances. Mining, Manufacturing, and Electricity sectors reported growth rates of 0.9 per cent, 4.1 per cent, and 2.0 per cent, respectively. The manufacturing sector demonstrated resilience, with 18 out of 23 industry groups at the 2-digit N ...Read More >
NEW DELHI, June 2 (Reuters) - India's key iron ore producer NMDC (NMDC.NS), opens new tab is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the matter told Reuters. State-run NMDC, which sells its output locally, currently releases monthly iron ore prices linked to inventories, international prices and domestic market dynamics. The company plans to launch the new formula after initial trials, the source said, declining to be identified as the plan is not public yet. "We are taking bab ...Read More >
New Delhi [India], June 8 (ANI): The Nifty 500 index climbed 3.50 per cent in May, driven by steady gains in Industrials, Consumer Discretionary, and Financial Services sectors, an analysis by the Motilal Oswal observed. Sectoral indices of FMCG (Fast-Moving Consumer Goods) and utilities underperformed, posting slight declines of -0.09 per cent and -0.04 per cent, respectively, as per the analysis. Also Read | Indore Horror: Dog Carries Baby Girl's Body in Its Jaws at Madhya Pradesh Hospital, Mutilated Body of Newborn Recovered, Probe On. As per the observation, broader market sentiment rem ...Read More >
HYDERABAD: In a major move aimed at reducing pollution and improving urban transport in Hyderabad, the Telangana government has approved the introduction of 65,000 new eco-friendly auto rickshaws within the city limits and the Outer Ring Road (ORR). The decision, driven by Transport Minister Ponnam Prabhakar and aligned with Chief Minister Revanth Reddy's vision, is expected to contribute to environmental sustainability and employment generation. The state issued GO No. 263 relaxing the long-standing cap on new auto rickshaw permits within Greater Hyderabad. For over two decades, restriction ...Read More >
NEW DELHI: The Delhi government is set to deploy joint enforcement teams from the transport department, traffic police, and MCD at fuel stations to implement the ban on refuelling end-of-life vehicles (ELVs) from July 1. These teams will monitor compliance on the ground and impound any vehicles found violating the directive. "We will deploy a team comprising transport and traffic police officials at each of these fuel stations. They will ensure that there is no law-and-order problem while implementing the system," said Ajay Chaudhary, Special Commissioner (Traffic), Delhi Police. End-of-lif ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
STL Digital, an IT Services and Consulting Company (a wholly-owned subsidiary of Sterlite Technologies), announced the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc, Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomerate, prioritizes operational excellence, timely execution o ...Read More >
BENGALURU, India -- An innovative portable shelter recently exhibited in one of India's largest cities shows how smart, cheap ways to help workers escape the heat are gaining traction in a country that's particularly vulnerable to climate change-driven extreme temperatures. The Neralu shelter, winner of a design contest in the southern city of Bengaluru, was displayed at the Sweat and Concrete 2025 event in late May alongside a theatrical performance about heat impacts on outdoor workers and exhibits on heat-related studies. Organizer Kanishk Kabiraj said the aim of the exhibition is to raise ...Read More >
Hyderabad: The government announced on Saturday that it would grant permits for 65,000 green autorickshaws to ply within the Outer Ring Road (ORR) limits. Permission has been granted for operating 20,000 electric autorickshaws, 10,000 fuelled by CNG, 10,000 by LPG and 25,000 retro-fitted electric three-wheelers. No permissions shall be given to petrol or diesel autorickshaws. Earlier, no new autorickshaws were delivered or sold to people unless they submitted a certificate issued by the transport department that they had scrapped their old vehicles. Government's special chief secretary Vikas ...Read More >
MUMBAI: Corporate India showed signs of renewed vigour in 2024-25, with listed private non-financial companies reporting a sales growth of 7.2%, an improvement from the anaemic 4.7% recorded the previous year. Data from Reserve Bank of India, based on financial statements of 3,902 listed non-government non-financial firms, point to a broad-based if uneven recovery-tempered by rising input costs and tightening margins.Manufacturing companies saw sales climb by 6.0%, up from 3.5% the year before. The uptick owed much to strong performances in automobiles, electrical machinery, food and beverages ...Read More >
Officials managed to arrange for a replacement fleet after the vehicles broke down. Bhopal: Madhya Pradesh Chief Minister Mohan Yadav's convoy ran into trouble on Thursday after all 19 vehicles broke down one after the other, leaving the road looking more like a scrapyard than a VIP route. The SUVs in the convoy were on its way to Ratlam, where Mr Yadav is scheduled to attend an event on Friday, when it began jerking and stalling one after another, forcing drivers to push them off road. As au ...Read More >
SSAB, a Nordic and US-based steel company, along with its subsidiary Ruukki Construction, has announced a donation of roofing products and steel to aid in the reconstruction of war-damaged buildings in Ukraine. This philanthropic effort is in collaboration with the nongovernmental organisation OperationAid, focusing on the Mykolaiv region's urgent rebuilding needs. The donation includes approximately 3,000m² of colour-coated steel for roofing, manufactured at Ruukki's plant near Ukrainian capi ...Read More >
New Delhi, Dec 12 (IANS) India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday.The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), recorded a growth of 4.1 per cent in October. The sector plays a key role in providing quality jobs to the young graduates passing out from the country's engineering institutes and universities. Within the m ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
New Delhi, June 6: Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week, according to a senior official. India's negotiating team, headed by Additional Secretary Rajesh Agrawal, has held talks over two days with senior officials from the Office of the United States Trade Representative (USTR), who arrived in Delhi for weekend talks. "The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tari ...Read More >
New Delhi: Delhi govt has geared up to enforce the ban on refuelling end-of-life vehicles, with plans to station enforcement teams from transport, traffic, and MCD to impound such vehicles.A senior official said that teams would be deployed at fuel stations to monitor the implementation and take action against such vehicles. The teams would be from MCD, the transport department enforcement wing, and traffic.The Standard Operating Procedures (SOP) issued to the pump owners says that there will be "immediate legal action by enforcement teams" when end-of-life vehicles are "identified". This woul ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
Mumbai, June 29 (SocialNews.XYZ) The foreign institutional investors' (FIIs) buying, through the exchange and primary market and others category, stood at Rs 8,915 crore this month (till June 27), analysts said on Sunday. Ceasefire between Israel and Iran and the sharp decline in crude triggered a risk-on in global equity markets. Along with this favourable investment scenario, dollar continued to decline and the dollar index dipped to sub-97 level. "Declining dollar is always a positive for emerging market equity; this encouraged FIIs to buy in India," said Dr. VK Vijayakumar, Chief Investm ...Read More >