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.
MUMBAI: India is expected to receive above-average rainfall in October, following above-normal precipitation in September, a senior weather department official said on Tuesday. Above-average rainfall in October could damage summer-sown crops such as rice, cotton, soybeans, corn, and pulses, which are nearing harvest. The country is likely to receive above-average rainfall of more than 115 percent of the 50-year average in October, Mrutyunjay Mohapatra, director-general of the India Meteorological Department (IMD), told a virtual news conference. India received 15 percent above-average rainfall in September, raising the total monsoon surplus for June-September to 8 percent, he said. The monsoon is the lifeblood of India's nearly $4 trillion economy, delivering almost 70 percent of the rainfall needed to water farms and replenishing aquifers and reservoirs. Nearly half of India's farmland is not irrigated and depends on the annual June-September rains for crop growth. However, excessive monsoon rainfall in recent weeks has begun damaging summer-sown crops in states such as Maharashtra, Gujarat, Rajasthan, Karnataka, Telangana, and Andhra Pradesh. The central, eastern, and southern regions are likely to receive heavy rainfall during the first half of October due to the development of a low-pressure area over the Bay of Bengal, Mohapatra said. This system is also delaying the withdrawal of the monsoon from central India, which has so far receded from the northwestern parts of the country, he said. The monsoon usually completes its retreat from the entire country by October 15. Crops urgently need dry weather to recover from the recent heavy rainfall and allow farmers to harvest the mature produce, said a Mumbai-based dealer with a global trade house. "If it keeps raining like the weather office says, farmers could be looking at huge losses, especially for cotton, soybean, and paddy," the dealer said. Maximum temperatures in October are likely to be average to below average due to the surplus rainfall, Mohapatra said. - Reuters
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a t ...Read More >
Tamil Nadu Weather Update: Tamil Nadu, Puducherry and Karaikal are expected to experience heavy to very heavy rainfall starting Thursday, the India Meteorological Department (IMD) has said in its latest bulletin. According to the IMD bulletin on Dec. 12, Tamil Nadu, Puducherry and Karaikal are very likely to witness isolated heavy to very heavy rainfall on Dec. 12, 13, 16 and 17 due to the northeast monsoon spell that is entering its next phase. "Thunderstorm with intermittent spells of heavy rain is likely to occur in some areas," the Chennai Met Office said in a bulletin at 11:30 am on Thur ...Read More >
Chennai Rain: A low-pressure area over the Southeast Bay of Bengal has developed into a deep depression, according to latest report from the India Meteorological Department (IMD). This weather system is moving west-northwest and is expected to approach the Sri Lanka-Tamil Nadu coast within the next 24 hours. The IMD has indicated that the low-pressure system is currently crossing Sri Lanka, particularly near Rameswaram and Thoothukudi in the Gulf of Mannar. Consequently, Tamil Nadu experienced heavy rainfall overnight on December 11. As the system continues its journey into the Arabian Sea, i ...Read More >
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket. Vegetable prices rose 29.33% in November from a year earlier after rising 42.18% in October. Indi ...Read More >
Khordha (Odisha): A severe cold wave gripped northern Odisha on Sunday, with the Mayurbhanj in the northern part of the State bearing the brunt of the intense chill with Ramatirtha area in the district recording as low as -10 degrees Celsius. According to the Forest Department, temperatures while other areas such as Gurguria and Barehipani recorded 6 degrees Celsius, Chahala 4 degrees Celsius, Nawana -5 degrees Celsius, and Upper Baraha Kamuda (UBK) -3 degrees Celsius. Statement Of IMD Scientist Dr Soma Sen Roy On Saturday, IMD scientist Dr Soma Sen Roy said that the cold wave will last for ...Read More >
Khordha (Odisha) [India], December 15 (ANI): A severe cold wave gripped northern Odisha on Sunday, with the Mayurbhanj in the northern part of the State bearing the brunt of the intense chill with Ramatirtha area in the district recording as low as -10 degrees Celsius. According to the Forest Department, temperatures while other areas such as Gurguria and Barehipani recorded 6 degrees Celsius, Chahala 4 degrees Celsius, Nawana -5 degrees Celsius, and Upper Baraha Kamuda (UBK) -3 degrees Celsius. Also Read | CAT 2024 Results: IIM Calcutta Likely To Release CAT 2024 Results Today at iimcat.ac. ...Read More >
Bhubaneswar: A low-pressure area has developed over the Northwest Bay of Bengal off the Odisha coast, according to the India Meteorological Department (IMD). The system, which formed at 8:30 am today, is likely to move slowly northwards and intensify into a more marked low-pressure system over the next 48 hours. According to the latest weather update, the associated cyclonic circulation extends up to 7.6 km above mean sea level, tilting southwards with height. This weather system may bring light to moderate rainfall with isolated heavy rainfall to the coastal areas of West Bengal and Odisha. ...Read More >
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...Read More >
Thiruvananthapuram, May 27: Monsoon rains accompanied by gusty winds continue to lash Kerala, causing widespread damage across the state. Several incidents of trees being uprooted, house wall collapses, and electrical short circuits have been reported from different parts of the state. Since the onset of the monsoon last week on May 24, three casualties have been reported, prompting the state government to open a dozen relief camps in affected districts of the state. The most major disruption on Tuesday has been the delay in train services across Kerala after fallen trees blocked railway trac ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
Chennai,Tamil Nadu - A deep depression forming over the Southeast Bay of Bengal is set to bring heavy rainfall to Tamil Nadu,with Chennai expected to see showers until Thursday night. the system,which intensified from a low-pressure area,is predicted to move west-northwest,crossing Sri Lanka near Rameswaram and Thoothukudi before entering the Gulf of Mannar. The India Meteorological Department (IMD) issued an update stating that the depression is likely to move further into the Arabian Sea, passing thru the Delta and southern Tamil Nadu regions. This will result in continued rainfall acr ...Read More >
The National Disaster Response Force (NDRF) has deployed 18 teams across Maharashtra for rapid rescue and relief operations, as the India Meteorological Department (IMD) has predicted above-normal monsoon rainfall this year, with urban areas like Mumbai already showing signs of strain, Mid-day reported. Between May 25 and 26, NDRF teams responded to emergencies in Pune, Solapur, and Satara. While local agencies managed to rescue nine people in Baramati and Indapur, NDRF teams were redirected to Phaltan in Satara and Kurubavi in Solapur. In Solapur, a team carried out a midnight rescue operati ...Read More >
Delhi is facing worsening pollution and erratic weather patterns, with the air quality regularly reaching dangerous levels. This is partly due to climate change, with temperature rises and unpredictable rainfall patterns caused by global warming. The industrial revolution has played a significant role, contributing to the rise in global temperatures. The effects are already being felt, with 2024 witnessing record-breaking heat in India. Despite this, there is little action from society or leadership, with courts repeatedly stepping in to address issues like pollution and farm fires. The need f ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...Read More >
KOLKATA: With the mercury dipping below 14 degrees before Dec 15, winter has set in early this year. In the past 11 years, the mercury dipped below 14 degrees before Dec 15 only once - in 2014. Even as the city started yearning for the chill, the Met office predicted a slight rise in mercury from Monday due to twin weather systems - one over the Bay of Bengal and another over north India. The minimum temperature plunged to 13.8 degrees on Thursday. The only time it dipped this low before the Dec fortnight was a decade ago. In the past two days, there has been a slight rise, with it standing a ...Read More >
According to Indian Express, Bidar, Vijayapura, Bijapur, and Kalburgi are likely to experience severe cold wave conditions, with temperatures falling to 6-7°C, far below the seasonal norm of 12-13°C for December. Meanwhile, Yadgir, Raichur, and Bagalkot will see minimum temperatures around 10°C, a significant dip from their usual 14-15°C, the report added. In South Interior Karnataka, temperatures will likely fall by 2-3°C below normal for the next three days, with Bengaluru also witnessing ...Read More >
After an exceptionally early onset this year -- the earliest in 16 years -- the southwest monsoon has temporarily paused its journey across India, weather officials said. The India Meteorological Department (IMD) confirmed that while the monsoon arrived over Kerala on May 24 and made swift progress through the southern peninsula, northeast India, and parts of the west, its advance has stalled. According to IMD officials, the rainfall will remain subdued across most parts of the country for the next few days. However, reports suggest that the monsoon is expected to gather strength between June ...Read More >
NEW DELHI: The city is in for a spell of hot and dry days, with the India Meteorological Department (IMD) forecasting a gradual rise in maximum temperatures by up to 6 degree Celsius over the next five days. While the mercury is expected to cross 40 degree Celsius, no heatwave conditions are likely, officials said on Friday. According to the weather office, the maximum temperature at Safdarjung on Thursday was 38.2 degree Celsius, about 2 degree below the seasonal average. Minimum temperature stood at 25.6 degree Celsius, also slightly lower than the normal. Similar trends were observed acro ...Read More >
Chennai ( Tamil Nadu) [India], November 27 (ANI): As a deep depression in the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, the Indian Coast Guard has started coordinating with the state agencies to ensure seafarers' safety. The ICG said that its ships, aircraft and radar stations issued advisories for fishing boats to return to the harbour. "Deep Depression in the #BayofBengal likely to intensify into a cyclone and move towards #Tamilnadu, as per #IMD. @IndiaCoastGuard Region HQs (East) is coordinating with state agencies to ensure seafarers' saf ...Read More >
Heavy rains lashed Thoothukudi and surrounding areas in Tamil Nadu on Sunday, causing severe waterlogging in several localities. The IMD predicts the formation of a low-pressure area in the Bay of Bengal, which is expected to intensify and move towards the Tamil Nadu coast, bringing further rainfall across the state in the coming days.Several parts of Thoothukudi and adjoining areas witnessed severe waterlogging on Sunday as heavy rains continued to lash parts of Tamil Nadu. Visuals showed water ...Read More >
New Delhi: The southwest monsoon is expected to reach Kerala within the next four to five days, marking an early onset well ahead of the usual June 1 date, the India Meteorological Department (IMD) said on Tuesday. The IMD had earlier predicted that the monsoon would make landfall in Kerala by May 27. If the current forecast holds, this would be the earliest onset over the Indian mainland since 2009, when the monsoon arrived on May 23. "Conditions are likely to become favourable for monsoon onset over Kerala during the next four to five days," the IMD said in its afternoon update. Typically, ...Read More >
Visakhapatnam: The southwest monsoon set in over Andhra Pradesh (Rayalaseema region) on Monday, arriving nine days ahead of schedule, bringing rain to parts of the Rayalaseema and coastal Andhra Pradesh. For the second year in a row in the past one decade, the monsoon entered AP region earlier as the usual date of onset is on June 4. Last year, the monsoon arrived in AP on June 2. Director of IMD, Andhra Pradesh Stella S said southwest monsoon has further advanced into some more parts of central Arabian Sea, some more parts of Maharashtra including Mumbai, Karnataka including Bengaluru, remai ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawal ...Read More >
SAMBALPUR: Debrigarh wildlife sanctuary has reported a significant rise in the population of Indian Bison (gaur) with their number increasing to 788 from 659 in just six months. According to the latest census conducted by the Hirakud Wildlife division, the sanctuary is now home to 788 gaurs including 315 juveniles and 128 newborns, indicating the robust breeding and healthy herd dynamics of this Schedule I species. The census was carried out from May 11 to 13 through a three-day direct counting exercise involving 73 units and 147 personnel. It used 122 camera traps and 130 permanent inspecti ...Read More >
The India Meteorological Department (IMD) has issued a red alert for Mumbai and several other parts of Maharashtra due to expected heavy rainfall and thunderstorms over the weekend. The alert, announced on Saturday, highlights the likelihood of intense weather conditions in the coming days, as oligo cyclonic conditions and weak southwest monsoon winds affect the region. On the monsoon situation in Mumbai, IMD Scientist Sushma Nair says, "It is important to understand that the warning issued for the next 24 hours is a Yellow Alert. Meanwhile, a Red Alert was issued for an intense spell of rain ...Read More >
Chennai (Tamil Nadu): In the latest update relating to cyclone Fengal, colleges and schools in Tamil Nadu shall remain closed, said reports on Wednesday. The education institutions shall be closed in as many as six districts, said reports. According to further reports, nine districts of the state have been put on high alert as the IMD (India Meteorological Department) has predicted heavy rainfall due to possible cyclonic storm in the Bay Of Bengal due to cyclone Fengal. Reports said that schools in Tamil Nadu are closed in the following districts namely: Chennai, Kanchipuram, Chengalpet, Ari ...Read More >
Minimum night-time temperatures in the region have risen to between 20°C and 22°C, marking a significant change from the cooler weather previously experienced. (READ MORE BELOW) Hyderabad is experiencing a unique weather spell this winter, as the city and its surrounding districts find themselves in the midst of an extended monsoon season. Despite the seasonal shift to winter, the city has been facing conditions more typical of the monsoon months. With temperatures hovering well above the usual winter lows, residents of Hyderabad and neighboring areas can expect a week of continued rain, clou ...Read More >