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.
Textiles Minister Pabitra Margherita is visiting Moscow to bolster trade ties with Russia in the textile sector. The visit follows US tariffs on Indian goods and aims at expanding India's market reach. The visit includes inaugurating an apparel fair, engaging Indian and Russian industries for bilateral cooperation. In light of recent US tariffs, India's Union Minister of State for Textiles, Pabitra Margherita, is setting his sights on strengthening Russia-India trade relationships. His visit und
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Srinagar, Jan 31 (PTI) Indian Institute of Carpet Technology (IICT) and NIFT, Srinagar has developed 36 box prototypes for unique packaging of Kashmiri handicrafts with the aim of boosting sales. Director IICT Zubair Ahmad said the packaging is an inseparable part of the famed Kashmir handicrafts, which facilitates its foray into international markets in a big way. "Time has come for artistic packaging to create a unique unboxing experience of the famed arts of Kashmir and boost its market value," Ahmad said. He called upon business stakeholders associated with Kashmir Arts to carry out fir ...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 >
New Delhi: Prime Minister Narendra Modi on Sunday hailed the transformative role of women across India who are leading change through Self-Help Groups (SHGs), preserving heritage and shaping a new future for the nation. Speaking during the 123rd episode of his monthly radio programme Mann Ki Baat, Modi underlined how initiatives led by women are giving new strength to the 'Women-Led Development' movement. "Just as our India is known for its regional, linguistic and cultural diversity, the diversity of arts, crafts and skills is also a great quality of our country," the PM said. "Whichever ar ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi, July 4 (SocialNews.XYZ) India's high-level official delegation, led by chief negotiator Rajesh Agrawal, has returned from Washington after the trade talks with US officials without reaching a final agreement on the sensitive issue of trade in agricultural and dairy products that the US is pushing for. However, there is still a glimmer of hope that an interim bilateral trade agreement may be reached at the highest political level in the two countries before the July 9 deadline for the 26 per cent hike in US tariffs on Indian exports to kick in. The Indian team was in Washington for ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
New Delhi [India], June 7 (ANI): President Droupadi Murmu on Saturday extended greetings on the occasion of Eid-al-Adha. On the occasion, the President urged the countrymen to take a pledge to work with a spirit of dedication for the society and the country. In a social media post on X, the President wrote, 'On the auspicious occasion of Eid-uz-Zuha, I extend my heartiest greetings and best wishes to all my countrymen, especially my Muslim brothers and sisters. This festival explains the importance of sacrifice, faith and many noble ideals. On this auspicious occasion, let us all take a pled ...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 >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
CHENNAI: The Tamil Nadu Anti-Terrorism Squad (ATS) of the state police on Tuesday said it has arrested two accused wanted in several bomb blasts and communal murder cases after being on the run for over 25 years. The key accused among the two is Abubacker Siddique of Nagore. He is allegedly involved in the attempt to plant a pipe-bomb during the rath yatra of former home minister LK Advani in Madurai in 2011, among others. Other cases he is allegedly involved include the bomb blast at Hindu Munnani office in 1995 in Chennai, an explosion in Nagore the same year, and coordinated planting of bo ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
Dimapur: CM Neiphiu Rio inaugurated the new state emporium complex in Kohima on Friday to promote and preserve the rich handloom and handicraft tradition of Nagaland.The seven-storey facility will serve as a hub for Naga handloom, handicrafts and cultural promotion of the state. Addressing the gathering, Rio emphasised the cultural and economic importance of the new facility, calling it a 'beacon of identity and opportunity'. "Our state's diversity, embodied in over 17 major tribes, gives rise to a rich tapestry of customs, attire, and traditional artistry. Every motif and weave tells a story. ...Read More >
Neiphiu Rio (left) during the opening of the new State Emporium Complex in Kohima on Friday Sourced by the Telegraph Nagaland chief minister Neiphiu Rio on Friday inaugurated a seven-storey facility in Kohima to serve as a hub for Naga handloom, handicrafts and cultural promotion. The Nagaland State Emporium Complex includes a dedicated state emporium on the first floor, three floors of shopping areas, a restaurant and library, a fully furnished conference hall and guest accommodations for visiting artisans and officials. At the inauguration, Rio expressed his appreciation for all those inv ...Read More >
New Delhi, Jun 30 (PTI) India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspe ...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 >
Mumbai (Maharashtra) [India], July 3 (ANI): In a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by Chief Minister Devendra Fadnavis, today approved investment proposals worth Rs 1,35,371.58 crore in thrust sectors and high-technology-based industries. These projects are expected to generate around 1 lakh direct and indirect employment opportunities across the state. Also Read | 'I Will Come Again': Man Posing As Delivery Agent Rapes Woman Techie After Entering Her Pune Flat, Clicks Selfie and Leaves Threatening Mes ...Read More >
NEW DELHI: India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday."India has never discussed any trade agreement or even a tranche of a trade agreement under any time pressure or under any duress. We have to take care of our national interests, we have to ensure that it's a fair deal which gives us a sustained preferential advantage over our competitors and if we get a good deal and we are able t ...Read More >
New Delhi [India], July 1 (ANI): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Delivering his inaugural address, Margherita said, '73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of t ...Read More >
Hyderabad (Telangana) [India] July 4 (ANI): Union Minister Rajnath Singh participated in the 128th birth anniversary celebration of Alluri Sitarama Raju. Also Read | PM Narendra Modi Conferred With 'The Order of the Republic of Trinidad & Tobago' During Ceremonial Event at President's House in Port of Spain (See Pics and Videos). The Defence Minister arrived in Hyderabad for the celebrations this afternoon, accompanied by Union Ministers Gajendra Singh Shekhawat and G. Kishan Reddy. Singh addressed a gathering and paid tribute to the great freedom fighter. "I bow in deep reverence to the gr ...Read More >
Hyderabad (Telangana) [India] July 4 (ANI): Union Minister Rajnath Singh participated in the 128th birth anniversary celebration of Alluri Sitarama Raju. The Defence Minister arrived in Hyderabad for the celebrations this afternoon, accompanied by Union Ministers Gajendra Singh Shekhawat and G. Kishan Reddy. Singh addressed a gathering and paid tribute to the great freedom fighter. 'I bow in deep reverence to the great warrior who dedicated every moment of his life to the nation. I truly believe that every human carries a flame of self-respect within, and Alluri Sitarama Raju was a living sy ...Read More >
Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture and diversity to the world, adding that the event also offers a platform for people from across the g ...Read More >
Chandigarh, Dec 11 (PTI) Farmer leader from Punjab Jagjit Singh Dallewal's fast unto death at the Khanauri border point to press the Centre to accept farmers' demands, including a legal guarantee on the MSP for crops, entered the 16th day on Wednesday. Farmers on Wednesday held prayers for the success of their agitation going on at the Shambhu and Khanauri border points between Punjab and Haryana in support of their various demands and for the good health of Dallewal. Farmers under the banner of Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha (KMM) have been camping at Shambhu ...Read More >
New Delhi [India], June 6 (ANI): External Affairs Minister S Jaishankar, chairing the 4th India-Central Asia Dialogue in Delhi on Thursday, reaffirmed India's commitment to deepening its strategic partnership with Central Asian nations, with a special focus on connectivity, security, and technological collaboration. The session brought together top diplomats from Kazakhstan, Turkmenistan, Kyrgyzstan, Tajikistan, and Uzbekistan, reflecting a growing determination to address shared regional challenges and opportunities. Also Read | Elon Musk Warns Trump's Aggressive New Trade Tariffs Could Tri ...Read More >
Dimapur: In a landmark initiative to promote and preserve the rich handloom and handicraft tradition of Nagaland, chief minister Neiphiu Rio inaugurated the new state emporium complex in Kohima on Friday. The seven-storey facility will serve as a hub for Naga handloom, handicrafts, and cultural promotion of the state. Ready for a challenge? Click here to take our quiz and show off your knowledge! Addressing the gathering, Rio emphasised the cultural and economic importance of the new facility, calling it a "beacon of identity and opportunity". He expressed appreciation for all those involv ...Read More >
AFP | Mumbai Email : editor@newsofbahrain.com India India's central bank cut interest rates more than expected yesterday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country's outlook. The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5%. A majority of analysts had expected 25-basis-point reduction. The cut was its third in a row and comes a week after government data showed India's economy expanded at its slowest pace for four years in the ...Read More >
New Delhi, Jun 26 (PTI) Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts, an official said on Thursday. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. "The Indian team is in Washington for two-day trade talks," the official said. Agrawal is special secretary in the department of commerce. The high tariffs, announced by the US on April 2, ...Read More >
New Delhi, Jul 1 (PTI) Hectic negotiations between India and the US enter the sixth day on Tuesday in Washington, with the talks reaching a crucial stage and New Delhi demanding greater market access for its labour-intensive goods, an official said. The Indian team, headed by special secretary in the Department of Commerce Rajesh Agrawal, is in Washington for negotiations on an interim trade agreement with the US. The stay of the Indian officials has been extended. Initially, the delegation was scheduled to stay for two days, with the talks having commenced on June 26. These talks are also ...Read More >