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.
Thiruvananthapuram [Kerala], October 2 (ANI): The Sabrimala gold-plating controversy has intensified, with investigators struggling to trace key records linked to the 30.3 kg of gold and 1,900 kg of copper donated by industrialist Vijay Mallya in 1998 for cladding the sanctum sanctorum and wooden carvings of the Sabarimala Ayyappa temple in Kerala. Devaswom Minister V N Vasavan, in response to ANI, said a detailed probe was underway under High Court supervision. "The pedestal was recovered from the residence of Unnikrishnan Potty, who himself raised the complaint, which reveals who the culprit is. More facts will emerge as the investigation progresses," the minister said. On opposition charges of negligence by the state government and Travancore Devaswom Board, the minister said the allegations were aimed at diverting attention. "When the very item in question was found in the complainant's house, the facts became evident," Vasavan added, while confirming that Unnikrishnan Potty's influence was under scrutiny. The probe team clarified there was no dispute over Mallya's donation but admitted that registers and supporting documents confirming the quantity of gold used were missing. Without these, the actual amount of gold plated or lost cannot be verified, raising suspicion of deliberate record tampering. Opposition Leader V D Satheesan has alleged large-scale irregularities. He pointed out that the Dwarapalaka (door guardian) idols, gold-plated in 1999 with a 40-year warranty, were inexplicably sent for replating in 2019. "They took 42 kg of gold but returned only 38 kg. Four kg went missing. Why did the Devaswom not verify the weight?" he asked. He further alleged that gold was transported to Chennai without board approval and questioned why Unnikrishnan Potty, who sponsored the replating, was not an accused when the pedestal was recovered from his relative's home. Historical records show that the 1998 gold cladding, completed in 1999, was carried out under the leadership of Chennai-based jeweller Nagarajan of JNR Jewellery with the expertise of 53 Tamil Nadu artisans. The process involved layering gold beaten into thin foils and bonding them onto copper plates with mercury. In 2019, during repairs, Devaswom records listed the removed panels as copper sheets. When the replated panels were returned, records showed a reduction of 4.41 kg. Unnikrishnan Potty testified that the sheets given to him were copper-based with residual gold, later replated at a Chennai firm. At the time, K S Baiju served as Thiruvabharanam Commissioner before retiring, succeeded by R G Radhakrishnan under whose supervision the work was carried out. Then Devaswom Board President A Padmakumar. Unnikrishnan Potty, along with his associates from Bengaluru, sponsored the 2019 replating. (ANI)
New Delhi [India], December 3 (ANI): Indian hockey player Jarmanpreet Singh said that the return of the Hockey India League (HIL) will help up-and-coming players learn more about the overseas players and would help India in ultimately securing the gold medal in Los Angeles 2028 Olympics. Jarmanpreet spoke to ANI about the return of the Hockey India League, team India winning the Paris Olympics 2024 bronze and the Asian Champions Trophy, the retirement of legendary goalkeeper PR Sreejesh etc. Speaking about the return of HIL, Jarmanpreet said to ANI, "Yes (if it will help Team India get LA 20 ...Read More >
A temple locked since 1978 communal riots in Sambhal, Uttar Pradesh, has been reopened by authorities during an anti-encroachment drive. The Bhasma Shankar temple, containing idols of Lord Hanuman and a Shivling, was rediscovered during an electricity theft inspection. This follows recent violence and heightened tensions in the area, including a mosque survey dispute and loudspeaker fine.The Sambhal administration here on Saturday uncovered and reopened a temple, which is said to have been closed ...Read More >
Sambhal (Uttar Pradesh) [India], January 2 (ANI): The court commissioner submitted his survey report in Chandausi Court in the Sambhal Jama Masjid-Harihar case on Thursday. Tensions in Sambhal have been high since November 19, when a local court ordered a survey of the mosque. Clashes between protestors and police over the court-ordered survey of the Jama Masjid resulted in four deaths. Also Read | Karnataka Contractor Suicide Row: BJP Sends Sachin Panchal's Death Note to Lok Sabha LoP Rahul Gandhi; Congress Leader Priyank Kharge Says 'Party Set for Humiliation'. On December 30, a delegatio ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
BENGALURU: Marketing and Revenue Head of the Royal Challengers Bengaluru (RCB), Nikhil Sosale, on Friday approached Karnataka High Court challenging his arrest in connection with the stampede at Bengaluru's M Chinnaswamy Stadium during the RCB's victory celebration. Sosale was arrested by the Bengaluru Police in the early hours of June 6 (Friday). He has contended that the arrest was illegal, arbitrary and not in accordance with the law. He claimed that he was arrested without any materials and even before the police had conducted a preliminary enquiry. He has thus sought to declare his arr ...Read More >
Assam Beef Ban: A political row has erupted over the Assam government's decision to ban the public consumption of beef in the state with the Opposition labelling it "against the right to freedom" while the ruling BJP lauding the state Cabinet's call. Assam Chief Minister Himanta Biswa Sarma had announced on Wednesday that his government has decided to ban the consumption of beef in restaurants, hotels and public places, drawing sharp reactions from the Opposition. Samajwadi Party MP Iqra Hasan ...Read More >
Tirupati (Andhra Pradesh) [India], January 28 (ANI): Ahead of the scheduled launch of the GSLV-F15 rocket on Wednesday, ISRO Chairman V. Narayanan visited the Chengalamma Parameshwari Temple in Tirupati and offered special prayers. The countdown for the 100th rocket launch from the Satish Dhawan Space Centre (SHAR) will begin on Wednesday at 2:53 am ahead of the scheduled launch of the GSLV-F15 rocket at 6:23 AM. Also Read | Hyderabad Murder Case: Ex-Serviceman Gurumurthy Who Killed Wife, Chopped, Boiled and Burnt Body Pieces Arrested. ISRO has completed all preparations to launch the NVS-0 ...Read More >
Chennai, May 19 (SocialNews.XYZ) Three men have been arrested in connection with the brutal murder of an elderly couple in Tamil Nadu's Erode district on April 28, said police on Monday. The accused also allegedly confessed to their involvement in a triple murder that occurred in Tiruppur district in November 2024, currently under investigation by the CB-CID. The arrested have been identified as P. Aachiappan (48), N. Madeswaran (52), and R. Ramesh (54), all residents of Arachalur in Erode district. The victims, Ramasamy (72) and his wife Bakkiyam (63) of Megaraiyan Thottam, Uchimedu near S ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): Amid Opposition's backlash over the Bengaluru stampede, Karnataka Deputy CM DK Shivakumar, on Friday asserted that the government has don't its best to give justice and soon it will come up with a plan to ensure such events do not happen in future. Speaking with the media, Shivakumar said, 'My Chief Minister was kind enough to announce a judicial inquiry. Action has been taken on some of them. Investigation is underway. Action has been taken, and the case has been handed over to the CID. What more can the Government do? The government has done its ...Read More >
New Delhi [India], November 26 (ANI): Responding on the arrest and denial of bail of Chinmoy Krishna Das the Ministry of External Affairs on Tuesday urged Bangladeshi government to ensure the safety and security of Hindus. "We have noted with deep concern the arrest and denial of bail to Shri Chinmoy Krishna Das, who is also the spokesperson of the Bangladesh Sammilit Sanatan Jagran Jote", the statement said. "This incident follows the multiple attacks on Hindus and other minorities by extremist elements in Bangladesh. There are several documented cases of arson and looting of minorities' ho ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
Also Read | Sambhal sparks rift: INDIA bloc allies face leadership turmoil? "Multiple encroachments are being seen around the area," Sambhal DM Rajendra Pensia told ANI. Pensia said, "There was encroachment on roads, sewers, water bodies, and that too for a long time. We are undertaking an 'abhiyan' (drive) to fix it. We launched a campaign in Chandausi and we had decided we would start the campaign here in November. But we could not start." The DM stated the anti-encroachment drive will conti ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): A day after the tragic stampede during the IPL victory celebration event of the Royal Challengers Bengaluru (RCB) in Bengaluru that left 11 dead and dozens injured, Karnataka Chief Minister Siddaramaiah on Thursday said that a one-member commission has been formed to probe the incident. CM Siddaramaiah also announced that the state government has decided to suspend top police department officials, including the Commissioner of Bengaluru City Police. Speaking to the media, the Karnataka CM stated, 'Under the chairmanship of Justice Michael D'Cunha, ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): Venu, one of the injured in the stampede that took place outside the Chinnaswamy Stadium in Bengaluru on June 4, is undergoing treatment at a hospital, recounted the tragedy that left eleven people dead and many more injured. The incident occurred when a massive crowd of fans gathered to greet the Royal Challengers Bengaluru (RCB) after they had won the IPL. 'We went to watch the event near gate no. 6 around 3:30 pm yesterday. The barricade fell and caused injury to me. I received a fracture. I'm better now, but I can't walk. Three of us went ther ...Read More >
Dehradun (Uttarakhand) [India], June 6 (ANI): Union Minister Shivraj Singh Chouhan on Friday attended a 'Kisan Chaupal' event at Pav Wala Soda village in the Raipur block of Dehradun, Uttarakhand. The programme was held as part of the 'Developed Agriculture Resolution' campaign aimed at strengthening the agricultural sector in the state. During the event, Chouhan interacted with local farmers and praised the success stories shared by them, especially in the areas of organic farming and coarse grain production. He also showed strong support for promoting Uttarakhand's organic produce at both n ...Read More >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
New Delhi [India], December 11 (ANI): Rohini District Court on Wednesday issued a notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by AAP leader Satyendra Jain. Jain has stated that Bansuri Swaraj made defamatory remarks in an interview with a television channel in October 2023. Senior Civil Judge Naina Gupta issued notice to Bansuri Swaraj and others and sought a response to the suit. The next date of hearing is 22 February 2025. Jain has prayed for direction to the TV channel to take down the content in question and restrain her from making further statements. Jain has cla ...Read More >
Ayodhya (Uttar Pradesh) [India], June 5 (ANI): Pointing out the developmental works done by the Centre and his administration in Ayodhya, where Ram Janmabhoomi Temple is located, Uttar Pradesh Chief Minister Yogi Adityanath on Thursday said that earlier bullets were fired on people coming to the city, but now people visiting the temple were welcomed with a shower of flowers. The Chief Minister was apparently referring to the police firing on karsevaks during the Ram Janmabhoomi protest in 1990. Also Read | World Environment Day 2025: Italian Deputy PM Antonio Tajani Lauds PM Narendra Modi's ...Read More >
Ayodhya (Uttar Pradesh) [India], June 6 (ANI): Thousands of devotees rejoice as they make their way to the Shri Ram Janmabhoomi Temple today, a momentous occasion in the spiritual and cultural landscape of India. Uttam Kumari Sheluwal, a local from Nepal, said,' We've come to Ayodhya to visit the Ram Janmabhoomi Temple, where our beloved Bhagwan Shri Ramchandraji resides. Our family's Ishtadev is Bhagwan Shri Ram, and we worship Mata Janaki too. We're thrilled to be here in Ayodhya, the city of Lord Ram, and can't wait to have Darshan of Prabhu Shri Ram. We're grateful to Chief Minister Yogi ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
Mumbai (Maharashtra) [India], December 2: Dosti Realty, a leading brand in the real estate sector recognised for delivering exceptional residential experiences and premium lifestyle projects across the Mumbai Metropolitan Region has announced the "Good Buy 2024" campaign for aspiring homeowners. An ideal way to bid farewell to the year, the Dosti Realty campaign is designed to resonate with the spirit of the year-end, inspiring homebuyers to make meaningful investments that shape their future. Also Read | Farmers Protest: Massive Congestion at Delhi-Noida Border as Police Set Up Barricades Ah ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
New Delhi, January 13 (VOICE) Acting swiftly on the recommendation made by the Supreme Court Collegium, the Centre on Monday cleared the appointment of Patna High Court's Chief Justice Krishnan Vinod Chandran to the apex court. In a post on X, Union Minister for Law and Justice Arjun Ram Meghwal announced that the President, after consultation with the Chief Justice of India (CJI), was pleased to appoint Justice Chandran as a Supreme Court judge. "In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President is pleased to appoint Shri Justice Kri ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
New Delhi [India] June 6 (ANI): The Delhi High Court has granted an interim order of status quo on a property in Batla House, Okhla, that was facing demolition. The property belongs to Ishrat Jahan, a widow who has lived in the area for over 25 years. The Delhi Development Authority (DDA) issued a notice on May 26, proposing the demolition of various properties in the area, including Jahan's. Justice Harish Vaidyanathan Shankar passed the order for status quo till the next date, listing the matter before the roster bench on July 10, where Jahan's petition challenging the demolition notice wi ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...Read More >
Bengaluru (Karnataka) [India], May 23 (ANI): Workers of Pro Kannada organisations staged protest in Bengaluru demanding the removal of actress Tamannah Bhatia as the brand ambassador from Karnataka Soaps and detergents limited (KSDL). The actress has been offered an amount of Rs 6.2 crore to work the brand. Meanwhile, Karnataka Large and medium Industries Minister MB Patil stated that the locals of Karnataka were extremely unhappy with the appointment of actress Tamannah Bhatia as an ambassador of the KSDL products. Also Read | West Bengal: 13-Year-Old Boy Accused of Stealing Chips Dies by S ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], December 12 (ANI): Congress MP Karti Chidambaram on Thursday strongly defended the Places of Worship (Special Provisions) Act, 1991, as the Supreme Court will be hearing pleas challenging the law. Speaking to the ANI, Chidambaram emphasized that the Act was crucial in maintaining the secular fabric of India and should not be altered. "The provisions of the Places of Worship Act, 1991, protect the secular fabric of the nation. Any alteration to the Act is very problematic," Chidambaram stated. He stressed that changing the law would not only disrupt the social harmony but ...Read More >
New Delhi: Gold prices saw a significant rise of Rs 330, reaching Rs 79,720 per 10 grams in the national capital on Thursday. The increase was attributed to persistent buying by jewelers and retailers, according to the All-India Sarafa Association. On Wednesday, gold had closed at Rs 79,390 per 10 grams. Silver also followed the upward trend, climbing Rs 130 to Rs 90,630 per 10 grams, compared to its previous session's close of Rs 90,500 per 10 grams. Also Read: Today's Gold and Silver Prices in Different Cities Gold of 99.5% purity also surged by Rs 330, hitting Rs 79,170 per 10 grams, up ...Read More >