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.
India's trade body has started a probe. It is investigating Chinese aluminium foil imports. The Directorate General of Trade Remedies will check for government subsidies. This investigation covers a period from April 2024 to March 2025. Domestic companies claim injury from these subsidised imports. This is not the first such trade action against Chinese foil. The Directorate General of Trade Remedies (DGTR) has initiated a countervailing duty (CVD) investigation into Chinese aluminium foil (80 Microns and below) imports. The probe follows a joint application by Raviraj Foils, LSKB Aluminium Foils, Hindalco Industries, Shyam Sel and Power, Shree Venkateshwara Electrocast, and SRF Altech. The trade remediation body said there is prima facie evidence that the domestic industry has suffered injury due to allegedly subsidised imports from China. The product under investigation is aluminium foil with a thickness of 80 microns or less, used primarily for packaging in the food, beverage, and pharmaceutical industries. The application alleges that Chinese producers and exporters have benefited from subsidies provided by their government. These alleged subsidies come in the form of grants, tax incentives, preferential loans, export credits, and the provision of goods and services at less than adequate remuneration. This is not the first trade remedy measure involving this Chinese aluminium foil. DGTR had previously investigated 'aluminium foil' between 5.5 and 80 microns. This was followed by the Finance Ministry imposing an anti-dumping duty on May 16, 2017. Another probe was initiated in June 2020 on imports from China, Malaysia, Thailand, and Indonesia, which led to definitive anti-dumping duties being imposed for five years starting September 16, 2021. A separate anti-dumping investigation on aluminium foil from China (excluding foil below 5.5 microns) was initiated in March 2024, and definitive duties from this probe are currently in force. The DGTR notification said this investigation will cover the period from April 1, 2024, to March 31, 2025. The injury analysis period for the investigation includes the financial years 2021-22, 2022-23, 2023-24, and the investigation period itself. According to the DGTR's probe initiation notification, the applicants have provided evidence that the subsidised imports have hurt the domestic industry. "The applicants have claimed that subject imports have also had a price suppressing effect on the domestic industry," the trade remediation body said.
New Delhi, May 28 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the interest subvention component under the modified interest subvention scheme (MISS) for loans to farmers during the financial year 2025-26, and approved the required fund arrangements, according to an official statement issued after the meeting. MISS is a Central sector scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan credit cards (KCC). Under the scheme, farmers receive short-term loa ...Read More >
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined metal the decline was by 5 per cent to 2,50,000 tonnes. In oil and gas, Vedanta's average daily gross operated production dropped 17 per cent ...Read More >
Patna: In a major policy shift ahead of the upcoming Bihar elections, the state government has implemented a domicile-based reservation system in government jobs, with the 35 per cent quota for women. This means only women who are native to Bihar or those who hold valid domicile certificates will be eligible to claim this quota. Women from other states, who were eligible earlier for the reservation, will now be placed under the general category and will not be given the same reservation. The decision was taken during a cabinet meeting held on Tuesday in Patna, chaired by Chief Minister Nitis ...Read More >
New Delhi, Jul 9 (PTI) Metal stocks ended lower on Wednesday amid concerns after US President Donald Trump unveiled sweeping new measures, including a 50 per cent tariff on copper. Shares of Hindustan Copper dropped 3.76 per cent, Bhagyanagar India declined 3.03 per cent and ND Metal Industries slipped 2.15 per cent on the BSE. The stock of Hindustan Zinc declined 2.56 per cent, Hindalco lost 1.92 per cent, National Aluminium Company went lower by 1.90 per cent, Tata Steel dipped 1.82 per cent and APL Apollo Tubes (1.72 per cent). Shares of SAIL fell by 0.85 per cent, Jindal Stainless (0.67 ...Read More >
Patna: The Bihar Cabinet on Friday approved 100 percent subsidy for up to 125 units of electricity consumption by domestic users. The scheme, named Mukhyamantri Vidyut Upbhokta Sahayata Yojana (Chief Minister electricity consumer assistance scheme) and effective from August 1, would put an additional burden of Rs 3797 crore on the state exchequer. "The scheme intends to encourage the use of solar energy in the state. It will provide 100 percent government subsidy on electricity consumption of up to 125 units per month by domestic consumers from the month of July, and would reflect in their b ...Read More >
Srinagar, Jul 19 (PTI) Exports of handmade products from Kashmir have crossed the Rs 300 crore mark in the first quarter of the current financial year, which is the highest for the period in the last four years, an official said on Saturday. "In a major fillip to Kashmir's famed craft sector, hand-made products worth Rs 309.62 crore have been exported to various overseas destinations in the first quarter of the current financial year -- up from Rs 126.90 crore in the same quarter last year," an official of the Handicrafts and Handloom Department, Kashmir, said. The exports are the highest fo ...Read More >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Chennai, Oct 1 (SocialNews.XYZ) The Coimbatore region of Tamil Nadu Power Distribution Corporation Limited (TNPDCL) is set to install rooftop solar panels on 30,000 houses by March 2027 as part of the Prime Minister Surya Ghar Muft Bijli Yojana. The initiative is a key step in boosting clean energy use and helping households cut down on electricity expenses. Statewide, TNPDCL plans to cover 1.8 lakh homes with rooftop solar systems by the same deadline. Since the scheme's launch in February 2024, around 36,000 houses across Tamil Nadu have already installed solar panels, with 6,000 of them i ...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 >
New Delhi, June 28: India has imposed restrictions with immediate effect on the import of jute and allied fibre products from Bangladesh - a move that came amid increasing strain in the overall relations between the two neighbours. The new restrictions will apply to imports into India of Bangladesh's jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport in Maharashtra, people familiar with the matter said on Saturday. The Directorate General of Foreign Trade that operates under Commerce Ministry issued a notification on Friday imposing the ...Read More >
Mumbai (Maharashtra) [India], July 14: TAC Security, Inc. (U.S.-Delaware), a wholly owned subsidiary of TAC InfoSec Limited (NSE:TAC), announces the incorporation of a wholly-owned subsidiary in Canada, named TAC Security, Inc. (Canada), or by any other name as available in the commercial register. This move is a strategic step in strengthening TAC Security's position in North America and marks an important milestone in the company's global growth strategy. Also Read | S Jaishankar on 3-Day China Visit: EAM Meets Chinese Vice President Han Zheng, Stresses 'Mutually Beneficial' Outcomes Throug ...Read More >
New Delhi: An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday. The four-day talks will end on Thursday. India's deputy chief negotiator for the proposed BTA has reached Washington for the talks on the first phase of the BTA, the official said. The visit assumes significance as both sides have to iron out issues in sectors, like agriculture an ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
Pune: The Indian Gig Workers' Front on Saturday evening suspended the ongoing strike of cabs and autorickshaws operating on applications till Tuesday, after leaving many commuters, including those arriving at the airport on Saturday morning, hassled. Keshav Kshirsagar, the president of the front, said, "We have a meeting on Tuesday with senior officials of the state transport department. If its decisions don't meet our expectations, the strike will resume." Several commuters had a harrowing experience on roads on Friday and in the early hours of Saturday. Cabs and autos were hard to come by. T ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined meta ...Read More >
HYDERABAD: Since the Congress formed the government in December 2023, the implementation of the Vaddi Leni Runalu (VLR) scheme -- interest subvention on loans taken by Self-Help Groups (SHGs) -- has witnessed a resurgence. Data reveals that in FY 2024-25, the government has so far released Rs 818.04 crore towards VLR payments, indicating a renewed policy thrust to clear long-pending dues. For several years, especially after 2019, disbursement under this scheme had slowed down, resulting in massive unpaid dues. However, the year-wise data showed that the programme has gained momentum once aga ...Read More >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positio ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Singapore, 26 June (Argus) -- Indian metal firm Hindalco has acquired a full stake in US-based alumina producer AluChem for $125mn, it announced on 24 June. Aditya, Hindalco's wholly owned subsidiary, will carry out the acquisition. The transaction is expected to close in the third quarter, pending customary closing conditions and regulatory approvals. AluChem is a specialty-alumina manufacturer with an annual capacity of 60,000t across its three manufacturing facilities in Ohio and Arkansas. It produces ultra-low soda calcined and tabular alumina for use in high-precision mechanical compone ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy on Friday released the Copper Vision Document and the Aluminium Vision Document at the international conference here on sustainable and responsible mining through best mine closure practices, organised by the Indian National Committee of the World Mining Congress. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated that the Vision Document provides a long-term strategy to meet growing domestic demand while ensuri ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Mumbai, September 26: The Indian benchmark indices opened lower on Friday, following US President Donald Trump's announcement of tariffs on pharma imports and sustained selling by foreign institutional investors. As of 9.25 am, Sensex was down 388 points, or 0.48 per cent at 80,771 and Nifty was down 119 points, or 0.48 per cent at 24,771. Shares of Indian and other Asian pharmaceutical companies fell after Trump announced tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs, starting October 1, 2025. Apart from drugs, President Trump announced a 50 per cent d ...Read More >
New Delhi, Sep 30 (PTI) The Centre's fiscal deficit stood at 38.1 per cent of the full-year target at the end of August, according to data released by the Controller General of Accounts (CGA) on Tuesday. The fiscal deficit was 27 per cent of the Budget Estimates (BE) of 2024-25 in the first five months of the previous financial year. In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 5,98,153 crore in the April-August period of 2025-26. The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP, or Rs 15.69 lakh cror ...Read More >
New Delhi: India's manufacturing activity rose to a 16-month high of 59.1 in July, driven by robust growth in new orders, output and stock of purchases. The HSBC Purchasing Managers' Index (PMI), compiled by S&P Global, was 58.4 in June 2025 and 58.1 in July 2024. "The Indian manufacturing sector benefited from strong growth in new orders and output," said Pranjul Bhandari, India chief economist at HSBC. The survey respondents attributed the increase in new orders to favourable demand conditions and effective marketing initiatives. Sales rose at the fastest pace in around five years, propel ...Read More >
New Delhi, June 6: Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week, according to a senior official. India's negotiating team, headed by Additional Secretary Rajesh Agrawal, has held talks over two days with senior officials from the Office of the United States Trade Representative (USTR), who arrived in Delhi for weekend talks. "The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tari ...Read More >
CHENNAI: The Tamil Nadu government has requested the union government to release pending dues amounting to Rs 2,670.64 crore. These dues relate to expenses incurred by the state for paddy procurement, rice fortification, and subsidies for ragi and sugar. Of the roughly 2.25 crore ration cards in Tamil Nadu, the cost of supplying rice through the Public Distribution System (PDS) to 1.12 crore cards (covering 3.6 crore beneficiaries) is fully borne by the centre under the National Food Security Act (NFSA). Of the total outstanding dues of Rs 2,670.64 crore, a sum of Rs 2,181.88 crore has been ...Read More >
Mumbai, July 15 (SocialNews.XYZ) Kolkata-based Himadri Speciality Chemical Limited on Tuesday reported a year-on-year (YoY) revenue decline of 6.84 per cent, with total revenue falling to Rs 1,118.29 crore in Q1 FY26 from Rs 1,200.41 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis too, revenue slipped by around 1.44 per cent, compared to Rs 1,134.64 crore in Q4 FY25, according to its stock exchange filing. Additionally, Anurag Choudhary-led company's total income followed suit and declined by approximately 5.61 per cent YoY to Rs 1,144.97 crore, compared to Rs 1,213.05 crore in a year- ...Read More >