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: The government is keeping a close watch on e-commerce platforms and has pulled up some firms for raising prices of some packaged items after the rollout of the two-slab Goods and Services Tax (GST) structure, an official said Monday. "There were complaints about some ecommerce platforms not passing on the GST cuts, "the official said, adding that authorities are keeping a close tab on whether companies had passed on tax cut benefits to consumers or not and were informally taking it up with them. One of the e-commerce platforms cited 'technical glitches' when discrepancies in pricing pre- and post-GST reduction were pointed out. "The government is keeping a strict vigil," the official added. Consumer affairs secretary Nidhi Khare Monday said the government's National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST since the implementation of reduced taxes. Khare said the ministry is analysing the complaints for use of dark patterns or use of such discounts which are misleading or using misleading advertisements and constitute unfair trade practices where benefits of reduced GST has not been passed on to the consumers. "If there are too many complaints from different sectors, they will be qualified for a class action. We are keeping a watch on this. We will surely take notice of anything where consumers are getting cheated with misleading discounts," she added. India rolled out a two-tier GST with 5% and 18% rates from September 22 instead of four rates.
New Delhi, Jul 15 (PTI) The Delhi High Court has directed several e-commerce platforms to de-list products infringing the "Reliance" and "Jio" trademarks. Justice Saurabh Banerjee, in an interim order passed on July 10, found plaintiff Reliance Industries Limited (RIL) prima facie entitled for protection as the balance of convenience was in its favour and said not granting an ex-parte injunction would cause irreparable loss and injury. "The defendants 22 to 28 are directed to take down/delist the impugned listings/ pages of the defendants 1 to 21...," the court said. The order came on RIL's ...Read More >
Amaravati, Sep 26 (PTI) Andhra Pradesh Chief Secretary K Vijayanand on Friday directed district collectors to launch a month-long awareness campaign on the benefits of GST 2.0 reforms. Addressing a video conference with district collectors at the state secretariat, Vijayanand discussed GST reforms awareness, seasonal conditions, renewable energy projects, and land-related issues. "District collectors should organise a month-long awareness campaign to create widespread understanding among the pu ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
Ahmedabad: With the implementation of revised GST rates nearing, confusion has surfaced among retail traders regarding changes in the maximum retail price (MRP) of packaged goods. However, experts clarified that retail traders are not required to reprint or relabel MRPs on stock already in hand. The responsibility rests with manufacturers, packers, and importers, who must ensure that revised MRPs reflecting the new GST rates are displayed on fresh packaging.Several traders have sought advice from tax experts over the pricing rules. Nayan Sheth, chairman of the indirect tax committee of the Guj ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
Bengaluru, Feb 23 (PTI) Karnataka Minister for Large and Medium Industries M B Patil on Monday inaugurated Amazon's newly constructed, fully equipped 11 lakh sq ft corporate office near Yelahanka here. Built on a five-acre site approximately 15 kilometres from Kempegowda International Airport, Amazon said this is its second largest office in Asia. The 12-storey campus will support over 7,000 employees across ecommerce, operations, payments, technology, and seller services in India, Amazon said in a statement. Patil said this is Amazon's 10th corporate office in the state. The company, which ...Read More >
New Delhi [India], June 7 (ANI): The Central Consumer Protection Authority (CCPA) has issued advisory to all e-commerce platforms to take necessary steps to ensure that their platforms do not engage in deceptive and unfair trade practice which are in the nature of Dark Patterns. In a release on Saturday, the Ministry of Consumer Affairs, Food & Public Distribution said that all e-commerce platforms have been advised to conduct self-audits to identify dark patterns within 3 months of the issue of the advisory and take necessary steps to ensure that their platforms are free from such dark patte ...Read More >
New Delhi: Starting July 2025, goods and services tax or GST compliance will undergo a shift with two key changes -- locking of GSTR-3B forms and a three-year deadline for filing returns. These changes, introduced by the GST Council, aim to improve accuracy and transparency in return filing, while reducing mismatches and fraudulent claims. The move is aimed at ensuring consistency between GSTR-1 (which records outward supplies) and GSTR-3B (used to pay tax), reducing revenue leakages due to mismatches. As per the GST rule, from the July 2025 return period, the GSTR-3B form will become non-edi ...Read More >
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government's National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST since the implementation of reduced taxes. "Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action," Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is closely monitoring instances where consumers are being cheated through misleading discount practices t ...Read More >
New Delhi: After several complaints were received from the public about a price hike for certain items, the Union government has sent out queries to a few e-commerce platforms asking about the reasoning behind the price hike. The Union government is keeping a close watch on the price changes for common-use items on e-commerce platforms, the officials said, adding that they are monitoring whether prices of items have been reduced pre- and post-September 22. E-commerce platform operators are under scanner of the government for hiking prices of certain items despite sweeping rate cuts under GST ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the coun ...Read More >
New Delhi: The Centre is closely monitoring whether companies are passing on the benefits of the recent Goods and Services Tax (GST) rate cuts to consumers, and enforcement measures will only be decided after field reports are analysed by the end of September. "We are awaiting inputs from field formations by the end of this month. We cannot have knee-jerk reactions to fresh reforms; they need time to settle," a government source said. Over 50 products from various categories are being examined, and nationwide retail pricing data is being gathered. According to preliminary monitoring, the tax ...Read More >
New Delhi [India], October 15 (ANI): The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.In its latest economic insights report, Ambit Capital said that while GST and income tax reductions are expected to cost the exchequer nearly Rs 2 lakh crore, the impact on demand is likely to be modest. It says tax cuts may ...Read More >
New Delhi, Jun 6 (PTI) Central Consumer Protection Authority (CCPA) has directed e-commerce platforms to conduct self-audits within three months to identify and eliminate "dark patterns", deceptive design practices that mislead consumers into unintended actions. The Consumer Affairs Ministry on Saturday said all e-commerce platforms must examine their interfaces for practices that undermine consumer choice or constitute unfair trade practices. "All e-commerce platforms have been advised to conduct self-audits to identify dark patterns, within 3 months of the issue of the advisory, and take n ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Central Consumer Protection Authority (CCPA) on Saturday issued an advisory to all e-commerce platforms to undertake a self-audit within three months to detect deceptive and unfair trade practices that are in the nature of dark patterns. Dark patterns are design elements used on websites and apps to mislead or coerce users into making unintended choices. These practices erode consumer trust, distort fair market dynamics, and pose a serious threat to the integrity of digital commerce. "All e-commerce platforms have been advised to conduct self-audits to ...Read More >
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock markets opened up the IPO window for companies. Over the past few days, Pine Labs, Wakefit and Curef ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Janaki Math Saints Reveal the Truth. It stated, "GenAI is poised to improve banking operations in Indi ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increasingly being adopted across the financial services sector. This adoption is being driven by multiple ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's navratri economy is gaining momentum with strong festive tailwinds as e-commerce sales are projected at Rs 1.2 lakh crore -- with UPI volumes crossing 20 billion transactions in August, and MSME festive credit demand is set to rise 35-40 per cent to Rs 3.45 lakh crore, a report said on Monday. According to Smallcase's report, nine sectors, including auto components, FMCG, defence, clean energy and others, are set to benefit from a combination of festive demand, policy reforms, and structural growth drivers. "Navratri 2025 offers investors a timely o ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Padukone reshared a video of cricketer Jemimah Rodrigues, in which the athlete opened up about her struggl ...Read More >
Amazon announced the expansion of its Counterfeit Crime Unit (CCU) to India, reinforcing its global commitment to protecting consumers and brands from counterfeit goods. The unit will bring together Amazon's local experts, working closely with Indian brands, sellers, and law enforcement agencies to combat counterfeit operations. The aim is to safeguard consumer trust across one of the world's largest and fastest-growing e-commerce markets. "Our global anti-counterfeiting efforts have helped prev ...Read More >
New Delhi: Over 17,500 complaints of fake, duplicate, and counterfeit products sold on e-commerce platforms have been recorded since 2022, with the highest -- 7,221 cases -- reported in the first half of 2025, the union consumer affairs ministry told Parliament on Wednesday. Responding to a question raised by Lok Sabha lawmaker Murari Lal Meena, union minister of state for consumer affairs B.L. Verma said calls to the National Consumer Helpline (NCH) rose more than tenfold -- from 12,553 in Dece ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
New Delhi: With the completion of eight years, implementing the goods and services tax (GST) -- one of the country's biggest tax reforms, India has broken all the stereotypes by showcasing a perfect balance between Centre and state administrations and coming together to make decisions and resolve issues as well. Back on July 1, 2017, the GST was rolled out with a promise that the country will bring 'one nation, one tax' by merging various indirect taxes under one umbrella. As of today, it is part of every common man's daily lives; from a cup of tea to a car almost everything he/she buys has a ...Read More >
The Court held that the unauthorised use of Reliance's brand identity amounted to misrepresentation and could mislead consumers into believing the products were officially manufactured or endorsed by RIL. In a significant win for brand protection in India's booming FMCG and e-commerce sectors, the Delhi High Court has ordered leading online marketplaces, including Amazon and Flipkart, to delist products infringing upon the 'Reliance' and 'Jio' trademarks, reported Bar and Bench. Justice Saurabh ...Read More >
A sweeping premiumisation trend this festive season is benefiting manufacturers of products such as smartphones, refrigerators, laptops, washing machines, and electric vehicles (EVs) despite their goods and services (GST) tax rates staying unchanged. Companies are attributing this to an improvement in overall consumer sentiments due to income tax slab revisions announced in this year's budget and the positive effects of GST rate cuts on several other consumer goods such as petrol and diesel cars ...Read More >
VIJAYAWADA: In a bid to ensure the benefits of GST 2.0 reach every household, the Andhra Pradesh government has launched a comprehensive awareness campaign titled 'Super GST - Super Savings'. The initiative aims to educate citizens about the benefits of GST reforms through a series of awareness programmes across the State. During a video conference at his camp office on Monday, Chief Minister Nara Chandrababu Naidu reviewed the GST 2.0 campaign's progress with the Cabinet Sub-Committee, directing officials to organise 65,000 meetings and events by October 19 to spread awareness about reduced ...Read More >
More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, a report said on Wednesday. New Delhi, More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, a ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is increasingly being adopted across the financial services sector. This adoption is being driven by multip ...Read More >