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.
Gurugram : JSW MG Motor India reported monthly sales of 6728* units in September 2025, reflecting a year-on-year (YoY) growth of 34% compared to the 5021 units sold in September 2024. The company's growth was supported by the recent GST reduction and the onset of the Navratri festive season, both of which boosted customer sentiment and provided strong sales momentum. Both ICE and EV models of JSW MG Motor India contributed to this remarkable achievement. The recent GST reduction has delivered significant benefits to customers, ranging from INR 54,000 to INR 3,50,000 across MG's ICE vehicle lineup including the Astor, Hector, and Gloster. JSW MG Motor India has also become the second largest brand in the Luxury EV segment through its luxury retail channel MG SELECT (source VAHAN). This achievement is driven by flagship offerings including the MG Cyberster -- the world's fastest MG -- and the MG M9 Presidential Limousine.
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than an ...Read More >
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 >
India's Free Trade Agreements (FTA) with other countries will not impact prices of luxury cars in India, according to Mercedes-Benz India. The German luxury carmaker stated that across automakers operating the country, luxury cars are majorly manufactured in India. "We have always encouraged free trade. We are looking forward to the EU-India FTA and even the India-UK FTA; they surely drive the economic growth of the country, for the segments. As a large multinational operating in multiple geographies, we have always advocated free trade and we continue to do that. There are expectations that ...Read More >
New Delhi/Noida, Jun 27 (PTI) End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday. EOL vehicles are diesel vehicles older than 10 years and petrol vehicles older than 15 years. Irrespective of the states they are registered in, they will not be given fuel in Delhi starting July 1, according to directions issued by the Commission for Air Quality Management (CAQM) earlier. Around 500 fuel stations in Delhi have inst ...Read More >
The BE 6e, just as its name sounds, stands out as a futuristic, power-packed, and sporty electric Mahindra SUV on Indian roads. The highly anticipated Mahindra BE 6e, an all-electric compact SUV, has been finally launched at an introductory price of Rs 18.9 lakh (ex-showroom). Globally revealed alongside its sibling, the XEV 9e, this born-electric offering from Mahindra seems to be good enough (on-paper) to position itself as India's answer to luxury compact SUVs from global brands. With its futuristic design, a wealth of modern features, and an impressive power output - the highest in its fa ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, the government had approved a Rs 16,300-crore National Critical Mineral Mission, envisaging a total o ...Read More >
JAMMU, June 6: For establishing "POWERGRID Centre of Excellence" at PEC, Chandigarh under CSR, Power Grid Corporation of India Limited (POWERGRID) today signed an MoU with Punjab Engineering College (PEC), Chandigarh, a deemed university. The MoU was signed, in an high profile event, by Tarun Bajaj, executive director (Northern Region-II) on behalf of POWERGRID and Prof Rajesh K Bhatia, director (ad-interim) on behalf of PEC in the presence of Rajeev Verma, chief secretary, Chandigarh -UT, R K Tyagi, chairman & managing director, POWERGRID and Prerna Puri, secretary education, Chandigarh Admi ...Read More >
The Delhi-Mumbai Expressway's Wayside Amenity Stations, initiated by NHAI, are revolutionizing the travel experience for long-distance truck drivers. These driver-centric stations offer essential facilities such as rest areas, dining, and refueling, significantly enhancing comfort, safety, and convenience for India's highway heroes. The Delhi-Mumbai Expressway, one of the most ambitious infrastructure projects by the Ministry of Road Transport and Highways, is setting new standards in eco-sensit ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...Read More >
New Delhi, Jun 27 (PTI) On Wednesday, a fan expressed his wish to watch the inaugural NC Classic event, and Rs 2000 to cover his expenses. To his delight, the man on Friday received an all-expense paid trip to the tournament in Bengaluru from Olympic champion Neeraj Chopra. Chopra surprised the fan by offering him a full VVIP experience, including accommodation, for the event scheduled for July 5. Also Read | Neeraj Chopra's Heartwarming Gesture Goes Viral, Javelin Star Sponsors a Fan's 'Full VVIP Experience' and Accommodation for NC Classic in Bengaluru (See Post). Ranjith Kumar Ravichandr ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Mumbai: JSW Paints has agreed to acquire Akzo Nobel's India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic paints market. Ending months of negotiations, JSW has agreed to pick up 74.76% stake in the Akzo Nobel India for Rs 8,986 crore, an over 17% discount to Thursday's price. ET in its May 26th edition was the first to report that JSW had agreed for the billion dollar acquisition - its largest so far and had entered in "exclusive negotiations." "Akzo Nobel India is home t ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped nearly 8 per cent on Friday morning trade after JSW Paints Ltd announced the acquisition of a majority stake in the firm for about Rs 9,000 crore. The company's market valuation climbed Rs 791.49 crore to Rs 15,330.69 crore. JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration u ...Read More >
MUMBAI: JSW Paints, part of the diversified JSW Group, has signed a definitive agreement to acquire up to 74.76% stake in the larger rival and the Dulux-maker Akzo Nobel India for Rs 8,986 crore, marking one of the largest deals in the around Rs 90,000 crore domestic paints sector. The deal also involves an open offer and will pay the way the Dutch company to completely exit the country. The acquisition will make JSW Paints, which has not yet been able to make a clear mark in the paints segment even after six years, a major player in the decorative and industrial coatings space, subject to re ...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: JSW MG Motor India on Friday announced their foray into the 'accessible luxury' electric car segment with the unveiling of two new models - MG Cyberster, India's first all-electric Roadster and the MG M9, the first electric three-row limousine, slated to be launched this year. Accessible luxury is usually referred to high-quality products that are priced lower than traditional luxury goods. The two models were unveiled at the Bharat Mobility Global Expo 2025 and the debut was under its new luxury brand channel, MG Select. "Today, EV penetration in India is still very, very low. It ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
Bengaluru, Jun 6 (PTI) Poland's Martin Konecny replaced Asian Games bronze medallist Genki Dean of Japan as the organisers on Friday confirmed the 12-man entry list for the rescheduled Neeraj Chopra Classic international javelin event, to be held on July 5. India's first-ever international javelin competition, originally slated for May 24, was postponed due to military tensions between India and Pakistan last month. Organised by double Olympic medallist Neeraj Chopra in collaboration with JSW Sports and sanctioned by the Athletics Federation of India (AFI), the event will feature a world-cla ...Read More >
Neeraj Chopra's invitational javelin event - NC Classic 2025 - has been rescheduled to be held on July 5 in Bengaluru, organisers JSW Sports confirmed on Tuesday. The NC Classic was postponed from its original May 24 date last month due to the India-Pakistan cross-border conflict last month. Some of the world's top stars are set to line up for the event at the Kanteerava Stadium next month. Former World Champions Anderson Peters and Julius Yego, as well as Rio 2016 champion Thomas Rohler, were a ...Read More >
Bhubaneswar: The state cabinet, under the chairmanship of chief minister Mohan Charan Majhi, on Friday approved a comprehensive five-year biotechnology development scheme with an outlay of Rs 1,113.50 crore. The programme will be implemented from 2025-26 to 2029-30.The 'Development of Biotechnology' initiative, comprising 17 sub-schemes, aims to transform Odisha into a knowledge-driven bio-economy by leveraging the state's rich biodiversity and existing research infrastructure."This scheme will create a robust ecosystem for innovation, incubation and investment in the biotechnology sector," a ...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 >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...Read More >
Pune: Maruti Suzuki, India's biggest car maker, on Friday said it aims to be the largest producer of electric vehicles in the country and make India the export hub over the next one year. The Japanese giant will take on EV market leader Tata Motors, Mahindra and MG Motor in the electric car game in the country. To realize its goals Maruti Suzuki, which unveiled its first electric SUV e-Vitara at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, will introduce a range of six electric vehicle models by 2030. Suzuki Motor Corporation representative Director and President Toshihiro S ...Read More >
Kolkata (West Bengal) [India], June 6 (ANI): Law student Sharmistha Panoli, arrested for allegedly hurting religious sentiments through a social media post, has been granted interim bail by the Calcutta High Court on Thursday. The court directed her to cooperate with the investigation, not leave the country, and furnished bail on a personal bond of Rs 10,000. The court also ordered appropriate police protection for her. Also Read | Goa: Man Held for Trying to Trade Sensitive Data Online Using Cryptocurrency Transactions. Her father, Prithviraj Panoli, expressed relief, citing her health iss ...Read More >
Akzo Nobel India acquisition: JSW Paints has agreed to acquire a majority stake in Akzo Nobel India, valuing the company at Rs 12,000 crore (approximately $1.1 billion), in a move that will make it the fourth-largest player in India's fast-growing paints market. According to a report by The Economic Times, JSW will acquire a 75% stake for Rs 9,000 crore -- a 17.4% discount to Thursday's closing price. ...Read More >
New Delhi/Noida, Jun 27 (PTI) End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday. EOL vehicles are diesel vehicles older than 10 years and petrol vehicles older than 15 years. Irrespective of the states they are registered in, they will not be given fuel in Delhi starting July 1, according to directions issued by the Commission for Air Quality Management (CAQM) earlier. Also Read | UK F-35B Lightning II Stealth F ...Read More >
New Delhi, Jun 27 (PTI) Delhi Chief Minister Rekha Gupta on Friday flagged off 105 new orange-coloured DEVI (Delhi EV Inter-connector) electric buses and inaugurated the newly built Sector A9 depot in Narela, calling it a step towards cleaner and more efficient public transport for the capital. Gupta said the depot was completed in just 90 days and claimed it reflects the BJP government's commitment to deliver on promises made to Delhi residents. She also attacked the previous Aam Aadmi Party (AAP) government, accusing it of pushing Delhi Transport Corporation (DTC) into losses and fostering ...Read More >
New Delhi, Jun 27 (PTI) The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, i ...Read More >