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.
Bhubaneswar, Sep 29 (PTI) Paradip Port Authority (PPA) and AM/NS ports signed a concession agreement on Monday for the mechanisation of a berth (CQ-III) to handle dry bulk cargo, officials said. The project, awarded for a concession period of 30 years, will enable the shipment of iron ore pellets produced by AM/NS India through a mechanised conveying system and a ship loader equipped with advanced cargo handling facilities, the Ministry of Ports, Shipping and Waterways said in a statement.
Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum district, an initiative introduced in the country for the first time, a company statement said. Women employees were engaged in all the mining activities of the shift, including heavy earth moving machinery, shovel, loader, drill [...] Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum district, an initiative introduced in the country for the first time, a company statement said. Wome ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined metal the decline was by 5 per cent to 2,50,000 tonnes. In oil and gas, Vedanta's average daily gross operated production dropped 17 per cent ...Read More >
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. Also ...Read More >
New Delhi, Jul 2 (PTI) State-owned NMDC has reported a record 31 per cent jump in its iron ore production to 11.99 million tonnes (MT) in the April-June quarter of 2025-26 compared to 9.19 MT in the year-ago period, according to a statement. Its sales rose by 14 per cent to 11.51 MT in the first quarter of FY26 compared to 10.07 MT in the first quarter of 2024-25, the company said in the statement on Wednesday. Also Read | How Is the Next Dalai Lama Chosen? Know How the Successor of the 14th Dalai Lama Will Be Picked. In June, the company produced 3.57 MT of iron ore, registering a 5 per ce ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Paradip (Odisha) [India], April 2 (ANI): The Paradip Port Authority (PPA) achieved a historic milestone by joining the elite '155+ Million Metric Tonnes (MMT) Club.' The port recorded its highest-ever cargo throughput of 156.45 MMT during FY 2025-26, marking a 4.01% growth compared to the previous financial year. This performance stands as the best in the port's history since it first became operational in 1966. Despite challenging market conditions, such as a decline in export demand for iron ...Read More >
New Delhi [India], April 5 (ANI): In a significant achievement for India's maritime sector, the Major Ports under the Ministry of Ports, Shipping and Waterways have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT. This marks a year-on-year growth of 7.06 per cent, reaffirming the sector's strong recovery, enhanced efficiency, and sustained growth trajectory, the Ministry of Ports, Shipping and Waterways reported. This milestone underscores the impact of transformative reforms and strategic investments undertaken by the Govern ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi, Jun 30 (PTI) AM Green BV will buy Japanese financial service firm Orix Corp's 17.5 per cent stake in clean energy producer Greenko Energy Holdings for USD 1.28 billion, the firms said on Monday. AM Green is owned by the founders of Greenko, Anil Chalamalasetty and Mahesh Kolli. Post this transaction, AMG will own around 25 per cent of Greenko, whose largest owner is Singapore's sovereign wealth fund GIC Pte with a 58 per cent stake. Orix will transfer 17.5 per cent holding in Greenko, out of its total ownership of 20 per cent, to AM Green Power BV (a subsidiary of AM Green BV). T ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined meta ...Read More >
New Delhi, Jul 4 (PTI) Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 04, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security ...Read More >
Mumbai, Apr 6 (PTI) The Bombay High Court on Monday sought the response of the Deputy Director General of Shipping on the demand for DNA test of mortal remains made by the family of a 25-year-old seafarer killed in the West Asia conflict. Dixit Solanki was killed on March 4 after an explosive-laden drone boat struck oil tanker MT MKD Vyom off the Oman coast on March 1. He is reportedly the first Indian casualty of the conflict that erupted on February 28 after a joint US-Israel attack on Iran. His father Amratlal and sister Mitali had last week moved HC seeking directions to the Union govern ...Read More >
New Delhi [India], April 6 (ANI): The Union Ports, Shipping and Waterways Ministry on Monday stated that two Indian-flagged vessels carrying over 60,000 metric tonnes of LPG have transited through the Strait of Hormuz in recent days and are expected to reach India this week amid the ongoing conflict in West Asia. Speaking during an inter-ministerial briefing here, Additional Secretary in the Ministry of Ports, Shipping and Waterways, Mukesh Mangal, said the vessels - Green Sadhvi and Green Asha - are scheduled to arrive on April 7 and April 9, respectively, though timelines may change. He no ...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 >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >
Bhubaneswar: East Coast Railway (ECoR) has once again reaffirmed its position as the premier freight handling zone of Indian Railways, achieving an all time high freight loading of 286.3 Million Tonnes (MT) during the financial year 2025-26. This marks a significant increase of 27 MT over the previous year's loading of 259.25 MT, underscoring the zone's consistent growth and operational excellence. In tandem with the rise in freight loading, the zone also recorded a substantial increase in freight earnings. During 2025-26, East Coast Railway earned ₹29,456.60 crore from freight operations, co ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that a record 1,670 million tonnes of cargo and 741 crore passengers were transported in the financial year 2025-26, registering over 3 per cent annual growth in both sectors. The cargo transport saw an increase of 3.25 per cent, while the passengers sector rose by 3.54 per cent, it said. The total number of passengers carried rose to 741 crore in 2025-26, as compared to 716 crore in 2024-25, reflecting sustained growth in rail usage across the country, the ministry said in a press note. "Correspondingly, total revenue reached approx ...Read More >
New Delhi, Jun 6 (PTI) Union Minister Sarbananda Sonowal on Friday met Danish Minister Morten Bodskov to discuss bilateral maritime collaboration in Copenhagen. The Indian Minister of Ports, Shipping and Waterways Minister is on an official visit to Denmark. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. Sonowal held a meeting with the Danish Minister of Industry, Business and Financial Affairs Bodskov during his visit to Denmark, according to an official statement. The two ministers exchanged views on bilateral maritim ...Read More >
NEW DELHI: A parliamentary panel looking into the levy of user fees or toll charges on National Highways (NHs) has raised concerns over the current practice of "perpetual tolling" even after project costs are recovered and a 3% annual escalation, irrespective of the highway quality, traffic volume, or user affordability.While recommending rationalisation and substantial reduction in toll charges on such stretches, its report has also mooted a "tariff authority" for toll fixation. The Public Accounts Committee headed by Congress MP K C Venugopal said, "Any continuation of tolls beyond this poin ...Read More >
The Supreme Court on Monday (April 6, 2026) sought responses from the Centre and others on a plea seeking direction to the authorities to ensure that stray cattle is kept away from national and State highways across the country. A bench of Justices Vikram Nath and Sandeep Mehta issued notice to the Centre and others, including the States, Union Territories and Animal Welfare Board of India, seeking their responses on the plea within four weeks. The bench observed that several States were chargi ...Read More >
NEW DELHI: Union home minister Amit Shah on Thursday said that Hindi was a "friend to all Indian languages", adding that there should be "no opposition" to any foreign tongues. This comes as several political parties have criticised the Centre over three-language policy, accusing it of Hindi imposition."I sincerely believe that Hindi can't be opposed ('virodhi') to any Indian language. Hindi is a friend ('sakhi') of all Indian languages," Amit Shah said. Shah was addressing the golden jubilee celebrations of the central government's official language department."There is no opposition to any l ...Read More >
New Delhi, Jul 2 (PTI) State-owned iron ore producer NMDC is actively evaluating offshore acquisitions of critical mineral blocks, its CMD Amitava Mukherjee said adding it will strengthen the company's presence in the global value chain. Critical minerals like antimony, lithium, cobalt, copper are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. India has launched the National Critical Mineral Mission (NCMM) to ensure their long-term availability and processing. "As a part of its global mineral diversification strategy, NMDC has been ...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 >
Mumbai, Jun 27 (PTI) The Hyderabad Heroes finished at the top of the points table at the end of the league stage of Season 1 of the Rugby Premier League after a commanding 31-7 win over Delhi Redz, here on Friday. The Heroes came out firing, scoring in the first minute through Sukumar Hembrom before Terio Tamani converted. Sambit Pradhan, Joji Nasova and Lautaro Velez added tries, with Manuel Moreno sealing the win later on. In the second match, the Mumbai Dreamers gave their fans something to cheer about, beating the Bengaluru Bravehearts 26-14 to sign off with their first win of the seaso ...Read More >
New Delhi, Jul 2 (PTI) State-owned iron ore producer NMDC is actively evaluating offshore acquisitions of critical mineral blocks, its CMD Amitava Mukherjee said adding it will strengthen the company's presence in the global value chain. Critical minerals like antimony, lithium, cobalt, copper are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. India has launched the National Critical Mineral Mission (NCMM) to ensure their long-term availability and processing. "As a part of its global mineral diversification strategy, NMDC has been ...Read More >
Fadnavis will lay the foundation stone for the 4.5-MnTPA capacity at Konsari on July 22, 2025. He will also inaugurate the 5 Million Tonnes Per Annum (MnTPA) iron ore grinding plant at Hedri in Gadchroli district. The grinding plant has been constructed by the Llyods Metals & Energy Limited (LMEL) and made functional in a record time of just one year. LMEL MD B Prabhakaran said: "Not only the foundation stone for Vidarbha first Integrated Steel Plant is being laid at Konsari in Gadchiroli distr ...Read More >
New Delhi [India], July 15 (ANI): A Memorandum of Understanding (MoU) was signed between DP World, Deendayal Port Authority (DPA), and Nevomo to explore potential opportunities in autonomous magnetic rail freight movement in India. This collaboration aims to revolutionise cargo transportation within port ecosystems by implementing Nevomo's proprietary MagRail technology. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory Doesn't Mention Warning Labels on Indian Food Products. The initiative will see a ...Read More >
New Delhi, April 5 (SocialNews.XYZ) In a significant achievement for India's maritime sector, the country's major ports have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT, according to a statement issued by the Ministry of Ports, Shipping and Waterways to mark National Maritime Day. This reflects a year-on-year growth of 7.06 per cent, reaffirming the sector's strong recovery and sustained growth trajectory driven by transformative reforms and strategic investments undertaken by the Government of India to modernise port infr ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that it has set a new record in cargo transport by carrying 1,670 million tonnes of freight and registering a growth of 3.25 per cent over the previous year. "This achievement reflects sustained improvements in operational efficiency, capacity augmentation, and growing reliance on rail-based transportation by key sectors of the economy," the ministry said in a press note. It stated that the performance was complemented by a 4.56 per cent increase in the number of wagons handled, which rose from 2,79,12,271 in 2024-25 to 2,91,86,475 in ...Read More >