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 [India], October 16 (ANI): India's apparel exports witnessed a sharp decline of 14.8 per cent during the July-September quarter of FY2025-26, according to a recent analysis by the Confederation of Indian Textile Industry (CITI). The report, based on estimates released by the Press Information Bureau (PIB), highlights that apparel exports dropped from USD 3,636 million in Q2 FY2024-25 to USD 3,097 million in Q2 FY2025-26, reflecting sluggish global demand and continued challenges in key export markets. "During Sep'25, Indian Textiles exports registered a degrowth of -10.45 per cent over the previous year while Apparel exports registered a degrowth of -10.14 per cent during the same time period." noted CITI analysis. The report adds "Cumulative Exports of Textiles and Apparel during Sep'25 have registered a degrowth of -10.34 per cent over Sep'24." Despite this quarterly decline, the April-September 2025 cumulative figures show a modest growth of 3.42 per cent in apparel exports, indicating a partial recovery during the first half of the fiscal year. Overall, textiles and apparel combined grew by 0.39 per cent compared to the same period last year, while textiles alone saw a marginal fall of 1.85 per cent. "During Apr-Sep'25, Indian Textiles exports registered a degrowth of -1.85 per cent over the previous year while Apparel exports registered a growth of 3.42 per cent during the same time." noted the report In contrast, India's overall merchandise exports rose by 6.76 per cent in September 2025 over the same month last year, underscoring the specific pressure on the textile and apparel segment within the broader export basket. CITI's analysis noted that while cotton and handloom products saw an 11.66 per cent dip and handicrafts declined by 18.2 per cent year-on-year in September, imports of cotton raw and waste jumped 23.87 per cent, reflecting a shift in domestic production and sourcing trends. The textile and apparel sector's share in India's total exports dropped to 7.21 per cent in September 2025, down from 8.58 per cent a year earlier, indicating a relative loss in export share. (ANI)
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-r ...Read More >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
New Delhi: FDI inflows into India totaled around $81 billion in the fiscal year 2025. Union Commerce and Industry Minister Piyush Goyal gave a statement on India's FDI inflows and highlighted the increased number of countries from which India is receiving the FDI. The countries from which FDI is flowing stand at 112, the minister said, virtually, in a roundtable meeting, emphasizing the rising appeal of India as a global investment destination. The roundtable meeting was organised and chaired by the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Sin ...Read More >
Kochi: The Andhra Pradesh government's invitation to Kerala-based textile major Kitex Garments Ltd. to invest in the state has triggered a war of words between Kerala Industries Minister P Rajeev and the company's head, Sabu M Jacob. Sabu reiterated that he decided to call off his company's proposed investments to the tune of ₹3,500 crore from Kerala and shifted it to Telangana as he was fed up with the harassment from the Left government, prompting a sharp response from Rajeev. Projecting the state's advancements in the business sector, the minister said those who still claim that Kerala is ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...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 >
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...Read More >
HYDERABAD: Hyderabad-based Brihaspathi Technologies Limited -- an AI-driven surveillance and security solutions provider -- has raised USD 10 million from foreign institutional investors and others. The funds will support the company's expansion, including the establishment of a new CCTV manufacturing unit in Hyderabad, which is expected to be operational by the end of this financial year. Managing Director Rajasekhar Papolu on Thursday revealed that the company has secured a major surveillance contract from the Maharashtra State Road Transport Corporation (MSRTC) to implement an AI-enabled C ...Read More >
New Delhi: Prime Minister Narendra Modi on Sunday hailed the transformative role of women across India who are leading change through Self-Help Groups (SHGs), preserving heritage and shaping a new future for the nation. Speaking during the 123rd episode of his monthly radio programme Mann Ki Baat, Modi underlined how initiatives led by women are giving new strength to the 'Women-Led Development' movement. "Just as our India is known for its regional, linguistic and cultural diversity, the diversity of arts, crafts and skills is also a great quality of our country," the PM said. "Whichever ar ...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, Jul 8 (PTI) Auto component makers are hopeful that India will soon seal a trade deal with the US, which is the single-largest market for Indian manufacturers, according to an industry official. The official also said that the government has been regularly consulting with the auto components industry amid the ongoing talks for an interim trade deal between India and the US. The comments have come against the background of the US suspending reciprocal tariffs until August 1. The earlier deadline was ending on July 9. India was not included in the list of countries that received tar ...Read More >
New Delhi, June 27: In a significant boost to India's horticultural exports, the Centre's Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the flagging off of the first consignment of one metric tonne of rose-scented litchi from Punjab's Pathankot to Doha in Qatar, according to an official statement issued on Friday. In addition, 0.5 metric tonne of litchi was also exported to Dubai, UAE, from Pathankot this week, marking a twin export achievement and reinforcing India's potential in global fresh fruit markets. This milestone initiative, undertake ...Read More >
Mumbai, Jun 27 (PTI) India's external debt increased by 10 per cent to USD 736.3 billion at the end of March 2025 compared to USD 668.8 billion in the year-ago period, the Reserve Bank said on Friday. As a percentage of the GDP, the external debt increased to 19.1 per cent at the end of the recently concluded financial year from 18.5 per cent a year ago, it added. In a year which saw some volatilities in the currency markets, the RBI said the "valuation effect" due to the appreciation of the US dollar against the rupee and other currencies amounted to USD 5.3 billion, while if one were to ex ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi, May 27 (PTI) The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machine ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
Hyderabad, Jun 27 (PTI) Brihaspathi Technologies Limited a city-based AI surveillance and security solutions provider on Thursday said it gearing up for an Initial Public Offering (IPO) in the next financial year and the proceeds from it will be utilised to strengthen its research and development (R&D) capabilities, and expand manufacturing capacity. The firm has successfully raised USD 10 million in funding from foreign institutional investors and others and the capital infusion will fuel the company's expansion efforts, including the establishment of a new 72,000 sq ft CCTV manufacturing fa ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, low ...Read More >
Dimapur: CM Neiphiu Rio inaugurated the new state emporium complex in Kohima on Friday to promote and preserve the rich handloom and handicraft tradition of Nagaland.The seven-storey facility will serve as a hub for Naga handloom, handicrafts and cultural promotion of the state. Addressing the gathering, Rio emphasised the cultural and economic importance of the new facility, calling it a 'beacon of identity and opportunity'. "Our state's diversity, embodied in over 17 major tribes, gives rise to a rich tapestry of customs, attire, and traditional artistry. Every motif and weave tells a story. ...Read More >
Neiphiu Rio (left) during the opening of the new State Emporium Complex in Kohima on Friday Sourced by the Telegraph Nagaland chief minister Neiphiu Rio on Friday inaugurated a seven-storey facility in Kohima to serve as a hub for Naga handloom, handicrafts and cultural promotion. The Nagaland State Emporium Complex includes a dedicated state emporium on the first floor, three floors of shopping areas, a restaurant and library, a fully furnished conference hall and guest accommodations for visiting artisans and officials. At the inauguration, Rio expressed his appreciation for all those inv ...Read More >
The long-term debt (with original maturity of above one year) at end-March 2025 was placed at $601.9 billion, an increase of $60.6 billion over its level at end-March 2024. India's external debt rose to $736.3 billion, or 19.1 per cent of gross domestic product (GDP), at the end of March 2025 from $668.8 billion, or 18.5 per cent of GDP, a year ago. In a statement, the Reserve Bank of India (RBI) said the valuation effect due to the appreciation of the US dollar vis-à-vis the Indian rupee and other currencies amounted to $5.3 billion. Excluding the valuation effect, external debt would have ...Read More >
New Delhi [India], June 30 (ANI): India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 per cent of the increase. Currency and deposits, along with direct investments, also contributed sig ...Read More >
New Delhi, Jun 30 (PTI) Hyderabad-based textiles manufacturer Filatex Fashions on Monday said its revenue rose by 7 per cent to Rs 191.65 crore in 2024-25 on the back of export orders. The textile and fashion manufacturing company's total income increased to Rs 191.65 crore in FY25 from Rs 179.02 crore in FY24, marking a 7 per cent growth, a statement said. Filatex Fashions said its mining subsidiary, Filatex Mines and Minerals, in the last fiscal secured its first major export order worth USD 35 million (Rs 293 crore) from Bloomflora Ventures Ltd for the supply of 2,97,388 metric tonnes of ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
New Delhi [India], July 1 (ANI): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Delivering his inaugural address, Margherita said, '73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of t ...Read More >
West Bengal [India], February 5 (ANI): At the 8th edition of the Bengal Global Business Summit 2025, Bhutanese Minister Younten Phuntsho emphasised the importance of the summit as a platform for strengthening the collaboration between India and Bhutan. Addressing the audience, he said, "For Bhutan, this summit is an opportunity to further deepen our (India-Bhutan) collaboration and identify strategic areas where our shared aspirations align. There are several key areas where we can forge even stronger partnership - first is tourism, we invite investors to explore opportunities in wellness tou ...Read More >
Dimapur: In a landmark initiative to promote and preserve the rich handloom and handicraft tradition of Nagaland, chief minister Neiphiu Rio inaugurated the new state emporium complex in Kohima on Friday. The seven-storey facility will serve as a hub for Naga handloom, handicrafts, and cultural promotion of the state. Ready for a challenge? Click here to take our quiz and show off your knowledge! Addressing the gathering, Rio emphasised the cultural and economic importance of the new facility, calling it a "beacon of identity and opportunity". He expressed appreciation for all those involv ...Read More >
AFP | Mumbai Email : editor@newsofbahrain.com India India's central bank cut interest rates more than expected yesterday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country's outlook. The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5%. A majority of analysts had expected 25-basis-point reduction. The cut was its third in a row and comes a week after government data showed India's economy expanded at its slowest pace for four years in the ...Read More >