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, Oct 7 (Prensa Latina) Commerce and Industry Minister Piyush Goyal, who concludes his visit to Doha, and his counterpart Sheikh Faisal bin Thani bin Faisal Al Thani, agreed to boost an ambitious India-Qatar comprehensive economic partnership. Both ministers agreed to work on the first day of the joint trade commission, being held in Doha, the capital of Qatar, to analyze new actions to boost bilateral trade. The meeting focused on strengthening bilateral trade and investment ties, addressing existing trade barriers and non-tariff challenges, and identifying new opportunities to boost economic cooperation in key sectors. While praising Qatar's energy exports, including the long-term liquefied natural gas supply agreement of 7.5 million tons per year starting in 2028, Goyal emphasized the need to boost exports between the two countries, according to sources in New Delhi. Both officials admitted a significant untapped potential to double bilateral trade by 2030, even though the exchange hovers around 14 billion dollars. Before the meeting, Goyal and Faisal bin Thani bin Faisal Al Thani bilaterally reviewed the overall trade and economic relationship, addressed existing trade barriers, and explored new areas of cooperation in sectors such as finance, agriculture, and health, among other fields.
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
New Delhi [India], July 9 (ANI): Telangana Chief Minister Revanth Reddy met Union Minister for Fertilizers and Chemicals JP Nadda in the national capital and requested him to supply urea allocated to Telangana on time to meet the agricultural needs during the farming season, as per a release. The Chief Minister met Nadda at the latter's official residence in Delhi on Tuesday. During the meeting, the CM brought to the notice of the Union Minister that only 3.07 lakh metric tonnes of urea was supplied between April and June as against the requirement of 5 lakh metric tonnes in the Kharif season ...Read More >
NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a "very big" agreement with India will be forthcoming soon. In a presser at the White House, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.""We're not going ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
New Delhi [India], June 30 (ANI): Prime Minister Narendra Modi is set to embark on a multi-nation visit to Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia in the first week of July, with a primary focus on attending the 17th BRICS Summit in Rio de Janeiro and holding bilateral meetings with key global leaders, officials said on Monday. Addressing a special briefing by the Ministry of External Affairs (MEA) on the Prime Minister's visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia, Secretary (Economic Relations) Dammu Ravi said, "The 17th BRICS Summit is taking place ...Read More >
New Delhi: As India and the US prepare to seal a deal aimed at boosting bilateral trade, New Delhi is aiming for a balanced outcome while Washington is focused on securing deeper market access for its goods. Though India has drawn red lines around its sensitive sectors -- agriculture, dairy, and genetically modified (GM) food -- the US continues to push for significant concessions. It has signalled a potential 6% duty relief from the 16% reciprocal tariff hike announced on 2 April, which remains on hold until 9 July. However, three people familiar with the matter said that even if partial re ...Read More >
Union Minister Piyush Goyal pledged to recommend a GST reduction on handicrafts and handlooms in Jammu and Kashmir. He addressed the FTII Traders Conclave 2025 in Srinagar. Goyal also announced a Centre of Excellence for Packaging and Design. Discussions included setting up a Centre of Excellence for storage technology. He assured support for startups and new talent. Union Commerce and Industry Minister Piyush Goyal on Sunday promised to recommend a reduction in the Goods and Services Tax impose ...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 >
Nagpur: NCP (Sharad Pawar) working president and MP Supriya Sule strongly opposed demands to remove the words "secular" and "socialist" from the Constitution's Preamble, asserting that the Constitution is supreme and cannot be altered by anyone.Speaking to the media during her visit to the city on Saturday, Sule said, "There is only one Constitution, and it will remain as it is. No one can change it, and no one will be allowed to change it. Discussions on amendments take place in Parliament. If anyone wants to express a view, they must do it on the floor of the House."Rashtriya Swayamsevak San ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...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 >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
Brasilia: India's Ambassador to Brazil, Dinesh Bhatia, presented credentials to Brazil's President Luiz Inacio Lula da Silva and discussed deepening of bilateral strategic partnership and Prime Minister Narendra Modi's upcoming visit to Brazil. PM Modi is travelling to Brazil at the invitation of Luiz Inacio Lula da Silva. This will be the Prime Minister's fourth visit to Brazil. The 17th BRICS Leaders' Summit will be held in Rio de Janeiro from July 6 to 7. In a post on X, the Indian Embassy in Brazil stated, "Amb @dineshbhatia presented credentials to President @LulaOficial and discussed d ...Read More >
BENGALURU: The Headquarter Investigative Unit-II of Directorate of Enforcement (ED) in New Delhi has provisionally attached immovable properties of Rs 34.12 crore under the Prevention of Money Laundering Act (PMLA), in a case related to the transnational gold smuggling and laundering of its proceeds by the popular Kannada actress Harshavardini Ranya alias Ranya Rao and her associates. The ED has provisionally attached four properties of equivalent value belonging to Rao. These include a residential house in Victoria Layout, a residential plot in Arkavathi Layout, industrial land in Tumakuru, ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time," said the first of the two Indian representatives cited above. "If all goes well, the deal will b ...Read More >
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India-US trade negotiations are going on, to come up with a win-win agreement for both nations. Speaking to reporters, Piyush Goyal said, 'Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States.' Goyal's statement comes in the backdrop of talks with the US to finalise a Bilateral Trade Agreement (BTA). India is making concrete progress toward finalising a Bilateral ...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 >
NEW DELHI: India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday."India has never discussed any trade agreement or even a tranche of a trade agreement under any time pressure or under any duress. We have to take care of our national interests, we have to ensure that it's a fair deal which gives us a sustained preferential advantage over our competitors and if we get a good deal and we are able t ...Read More >
Srinagar (Jammu and Kashmir) [India], July 6 (ANI): Union Minister of Commerce and Industry Piyush Goyal, during his visit to Srinagar on Sunday, thanked people for their support during Operation Sindoor. 'We are indebted to the people of Kashmir for the way they supported Operation Sindoor and stood firm against terrorism. Like we have decided to end Naxalism by 2026, I am confident that together we will eradicate terrorism from its roots,' Goyal told ANI. Operation Sindoor was initiated on May 7 this year in the aftermath of the Pahalgam terror attack in which 26 civilians were killed. Th ...Read More >
New Delhi [India], July 9 (ANI): Telangana Chief Minister Revanth Reddy met Union Minister for Fertilizers and Chemicals JP Nadda in the national capital and requested him to supply urea allocated to Telangana on time to meet the agricultural needs during the farming season, as per a release. The Chief Minister met Nadda at the latter's official residence in Delhi on Tuesday. During the meeting, the CM brought to the notice of the Union Minister that only 3.07 lakh metric tonnes of urea was supplied between April and June as against the requirement of 5 lakh metric tonnes in the Kharif season ...Read More >
Chandigarh, Jan 2 (PTI) Punjab Chief Minister Bhagwant Mann on Thursday claimed that the Centre was trying to"bring back" the now-repealed farm laws, referring to the newly announced draft of the National Policy Framework on Agricultural Marketing. The AAP-led Punjab government has termed the newly announced draft policy as an attempt to reintroduce the three central agricultural laws passed in 2020 "through backdoor." After a yearlong protest by farmers, the Centre had repealed the laws. Speaking to reporters here, Mann also stated that the demands of the protesting farmers pertain to the c ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawal ...Read More >
India must ensure any trade deal with the U.S. is fair, not politically driven, and protects its farmers, digital ecosystem, and regulatory sovereignty, the Global Trade Research Initiative (GTRI) said on Friday. With India's chief negotiator in Washington and a July 9 deadline approaching (marking the end of U.S. President Donald Trump's 90-day tariff suspension), a limited mini-deal appears likely.Any trade agreement with the US must not be politically driven or one-sided and India should protect its farmers, digital ecosystem, and policy space, economic think tank GTRI said on Friday. With ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
Srinagar, July 09: Chief Minister Omar Abdullah on Wednesday said that Jammu & Kashmir's tourism sector is witnessing a strong revival, with a steady rise in the number of tourists visiting the Union Territory each day.Abdullah, while addressing reporters in West Bengal ahead of the Kolkata Tourism Fair, said, "Tourists are coming back to Kashmir in good numbers. The ongoingAmarnathYatra is proceeding smoothly with heavy footfall on both the Pahalgam and Baltal routes, he said."I spoke to several pilgrims, and they are all happy and satisfied with the arrangements. I have come to Kolkata to ta ...Read More >
CHENNAI: Marumalarchi Dravida Munnetra Kazhagam (MDMK) Secretary Durai Vaiko on Thursday regretted the incident at his party's event in Sathur on Wednesday, where MDMK cadres allegedly assaulted journalists. Durai Vaiko, the son of MDMK General Secretary Vaiko, stated that his party firmly believes that for democracy to thrive, freedom of the press must be upheld and protected. "Yesterday evening, a gathering of MDMK cadre from the Nellai Zone was held in Sattur. Over 3,000 people had gathered, filling the hall and leaving thousands seated outside. Vaiko began his speech at 8 pm. About an ho ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Chennai: Preliminary investigations attribute the fire on the goods train near Tiruvallur to a possible spark from overhead electrical equipment (OHE) igniting fuel leaking from a derailed wagon.The incident paralysed services on the busy Chennai-Arakkonam route and left nearby residents engulfed in thick black smoke. The disruption left thousands of rail passengers stranded, many of whom were unable to get updates as railway helplines went unanswered for hours. The train carrying diesel from Chennai Harbour to Walajah Road Siding was exiting Tiruvallur station around 5.30am on Sunday, when a ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...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 >