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.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is taking another bold step toward mainstream finance by extending the reach of its Interledger Protocol into the SWIFT network, regarded as the backbone of global payments. By enabling interoperability between two of the most influential payment ecosystems, Ripple is positioning XRP as a key player in the future of international money movement. The strategy for mainstream adoption of the XRP Ledger (XRPL) and its native asset, XRP, is intricately linked to the Interledger Protocol (ILP). As highlighted by researcher SMQKE on X, Ripple's approach is to become an essential part of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, providing an interoperable layer that seamlessly bridges the old and new financial worlds. This Interledger Protocol is designed to synchronize separate ledgers without forming a new one, while acting as a connective tissue across financial systems. In many ways, it mirrors SWIFT's own structure, where the successful processing of a payment message creates binding obligations to pay between nodes and intermediaries. However, ILP is Ripple's core strategy for mainstream adoption of the XRP Ledger. By making ILP fully compatible with SWIFT, Ripple ensures that both XRP and its technology can plug into the world's most dominant payment network. What's important about this move is the fact that Ripple itself is now often described as evolving into the Interledger Protocol initiative. Ripple understood that the world would never standardize on a single ledger, which is why it built ILP to enable interoperability to bridge across multiple systems. Meanwhile, this approach is reinforced through the ISO 20022 adoption to ensure that the entire transaction is secure, seamless, and scalable, offering a superior settlement experience that coexists with the bank's existing messaging connectivity across the global financial infrastructure. "The strategy is clear: one protocol (ILP), unlimited networks, and seamless XRP movement," SMQKE noted. As the crypto landscape expands, XRP has been hailed as an asset that could offer financial breakthroughs. The sentiment expressed by Traveler2236 points to a profound vision of global financial inclusion and the end of economic inequality enforced by legacy systems. His core claim is that there will come a day when XRP will unleash dreams beyond imagination.
SRINAGAR: Chief Minister Omar Abdullah on Saturday launched the much-anticipated Mission YUVA (Yuva Udyami Vikas Abhiyan) at the Sher-e-Kashmir International Convention Centre (SKICC), a visionary initiative to foster entrepreneurship in J&K by creating 1.37 lakh enterprises and 4.25 lakh jobs in 5 years. Chief Minister Omar Abdullah described the programme as a transformative initiative aimed at empowering the youth of Jammu and Kashmir through entrepreneurship, financial support and opportunity-rich ecosystem development. Addressing the gathering, the Chief Minister affirmed his government ...Read More >
New Delhi: With 15 million registered taxpayers and robust growth in the revenue receipts, the Goods and Services Tax (GST) ecosystem is continuing to evolve with a focus on ease of doing business, better compliance and wider economic participation, the finance ministry said on Monday as the indirect tax system completed eight years. Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago and micro, small and medium enterprises are finding easier access to credit, the ministry said. In FY21, the combined Central and state GST revenue coll ...Read More >
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most," a release from the Social Welfare said. The Gi ...Read More >
NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience, a top official said on Monday."Fintech will drive financial inclusion, which in turn is a key driver of growth and poverty alleviation," M Nagaraju, secretary of department of financial services, told a fintech summit. He highlighted role of India's Digit ...Read More >
, /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that they are exploring a blockchain sharding storage model optimized specifically for the storage needs of multi-view data. Sharding storage is an advanced architecture in blockchain technology that divides the blockchain network into multiple independent "shards," with each shard responsible for processing and storing a portion of the data. This approach can significantly improve the scalability and processing speed of t ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >
Ahmedabad: On the occasion of the 25th MSME Day, Entrepreneurship Development Institute of India (EDII), Ahmedabad, celebrated the resilience and entrepreneurial spirit of India's Micro, Small, and Medium Enterprises, acknowledging their role as key drivers of grassroots development and national progress by organising 'MSME Talk' at its campus. The highlight of the day was the 'MSME Talk' delivered by Shri R.D. Barhat, Joint Commissioner of Industries, Government of Gujarat, on the theme: 'Treading a Sustainable Growth Path for MSMEs Amidst Changing Business Dynamics.' Also present on the occ ...Read More >
New Delhi: The Union Cabinet's approval of the Rs 1 lakh crore Research, Development and Innovation (RDI) Scheme marks a transformative step toward strengthening India's research ecosystem in strategic and sunrise sectors. Welcoming the move, the Indian Space Association (ISpA), the industry association of space and satellite companies, said the scheme will play a pivotal role in driving private sector-led innovation in space and deep-tech. With key provisions like concessional loans and equity support, it is expected to accelerate the growth of space-tech startups and solidify India's positi ...Read More >
New Delhi, July 7 (SocialNews.XYZ) Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday. With the country's digital payments ecosystem rapidly maturing, its influence has begun to extend beyond national borders, reaching Global South, said Nagaraju Maddirala, Secretary, Department of Financial Services (DFS). Addressing t ...Read More >
New Delhi, July 18 (SocialNews.XYZ) India is set to lead the global creative economy with AI-driven innovation, as the startup ecosystem surges especially in the tier 2 and 3 cities, according to the government. In order to ensure inclusive communication and last-mile information delivery in every language across the country, the Ministry of Information and Broadcasting is moving towards adopting AI-based solutions that can bridge linguistic divides. Addressing a meeting with incubators and startups at the T-Hub in Hyderabad, Sanjay Jaju, Secretary of Ministry of Information & Broadcasting, ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready ...Read More >
New Delhi [India], July 5 (ANI): AIonOS, a global enterprise AI company and a joint venture between InterGlobe and Assago Group, has made a strategic investment in Cloud Analogy. Cloud Analogy is a major Salesforce consulting partner known for its strong expertise in working across multiple cloud platforms and successfully delivering Salesforce solutions to businesses around the world. According to a release, this investment by AIonOS marks a leap toward its vision of transforming enterprises with AI at the core. By integrating Cloud Analogy's deep Salesforce implementation expertise with A ...Read More >
M Nagaraju asked fintechs to prioritize offline payment options. This push aims to boost financial inclusion across India. He spoke at the CII Summit on Financial Inclusion and FinTech. Nagaraju highlighted financial inclusion's role in economic growth. He noted India's progress since 2014 with the Pradhan Mantri Jan Dhan Yojana. The scheme significantly increased bank account access for adults. DFS Secretary M Nagaraju on Monday urged fintechs to focus on driving offline payment solutions to en ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
NewsVoir Bengaluru (Karnataka) [India], July 7: Upekkha, the India-US accelerator that has backed over 100 SaaS and AI startups, has announced VIBE 2025 (Vertical Intelligence & BEyond), the world's first summit dedicated exclusively to vertical AI. Scheduled for 10-11 July 2025 at The Leela Palace, Bengaluru, and co-hosted with SaaSBoomi, this two-day flagship event will showcase how AI can move from concept to real-world deployment within just 48 hours. "Walk in with a problem statement, walk out with a working AI pilot in 48 hours." This bold promise underpins VIBE 2025's mission -- to co ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transactions to UPI or Unified Payments Interface since its launch in 2016. Unified Payments Interface is ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Central banks, institutions, and payment corridors are experimenting with something deeper than crypto hype. From cross-border settlements to real-world assets, Ripple is building blockchain infrastructure. If recent comments from top banking executives are any indication, XRP may move trillions in value. According to KingXRP, the XRP Ledger (XRPL) is on the brink of a groundbreaking transformation that could unlock a staggering $196 trillion market through the emergence of ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TRON (TRX) has experienced relatively stable price movement over the past week, fluctuating within a narrow range between $0.276 and $0.272. At the time of writing, the token is trading at $0.2729, reflecting a weekly decline of approximately 1.5%. However, zooming out reveals a broader uptrend, with TRX gaining nearly 12% over the past month, indicating growing market interest amid a backdrop of increased on-chain activity. An assessment of TRON's network-level data suggests ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Gurugram : AIonOS, a global leader in enterprise AI; a joint venture between InterGlobe and Assago Group, today announced a strategic investment in Cloud Analogy, a Salesforce Summit Consulting Partner recognized for its deep multi-cloud expertise and strong track record of Salesforce implementations across global enterprises. This investment by AIonOS marks a leap toward its vision of transforming enterprises with AI at the core. By integrating Cloud Analogy's deep Salesforce implementation expertise with AIonOS's AI-led Customer Experience practice, the combined entity will deliver intellig ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Pump.fun, the Solana-based platform enabling users to easily launch and trade custom tokens -- especially meme coins -- has just marked a historic milestone. On Saturday, Pump.fun raised over $500 million during its highly anticipated PUMP token public sale. In an astonishing show of demand, the sale sold out in only 12 minutes, highlighting the project's explosive growth and rising popularity across the crypto space. Designed for accessibility, Pump.fun allows virtually anyone ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Validity: Supreme Court Restrains Courts in Country Not to Entertain, Pass Orders on Suits Related to R ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
PNN Hyderabad (Telangana) [India], December 6: We are thrilled to announce that ABSYZ Software Consulting, a Youngsoft company, and a trusted Salesforce partner since 2014, has been elevated to Salesforce Summit Partner status, the highest recognition within the Salesforce consulting ecosystem. This milestone highlights ABSYZ's unwavering commitment to excellence, innovation focused on customer needs, and delivering transformative results for clients through its global Salesforce implementations. As one of the elite 5% of Salesforce consulting partners worldwide, this achievement reflects ou ...Read More >
NEW DELHI, Dec 13 (Reuters) - India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. The writer of the best-selling book "Capital in the 21st Century" called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world's largest fortunes. "India should be active in taxing the rich," Piketty said at an event organised by Delhi-b ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Mumbai, Maharashtra, India - Business Wire India * Credit Conference 2025 designed to drive growth, financial inclusion, and ease of doing business in India * Leaders from banking, FinTech, and policy convened to discuss data-driven credit inclusion and the path to a credit-ready India * Expanding creditworthiness to support India's financial goals under the Bharat@2047 vision was a key theme As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk manage ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Millions of users spend hours each day engaged with mobile games, chat communities, and social platforms. They expect seamless interfaces, immediate feedback, and enjoyment. FUNToken has identified this audience and engineered an onboarding flow that bridges the gap between Web2 familiarity and Web3 opportunity. With in-app rewards, intuitive chat-based engagement, and a proven free-to-play model, FUNToken stands out as a project creating an accessible entry point into crypto. ...Read More >