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.
Mumbai: Nestle, one of the world's largest food and beverage companies, has announced plans to cut 16,000 jobs globally. The news comes just weeks after Philipp Navratil took over as the new Chief Executive Officer (CEO). The job cuts represent around 6 percent of Nestle's total workforce, and will happen over the next two years. Which Jobs Will Be Affected? The layoffs will impact employees around the world, in all regions where Nestle operates. The company will reduce 12,000 white-collar jobs, which include office and management roles. Additionally, 4,000 job cuts are already underway in Nestle's production and supply chain areas. Why Is Nestle Cutting Jobs? The job cuts are part of a larger plan to improve efficiency and cut costs. CEO Philipp Navratil said, "The world is changing, and Nestle needs to change faster." By reducing the workforce, Nestle hopes to save 1 billion Swiss francs -- twice as much as earlier savings goals. The company says the decision, though difficult, is necessary for its long-term growth and success. Company's Financial Performance and Strategy Nestle recently shared its nine-month financial results, showing a 1.9 percent drop in total sales to 65.9 billion Swiss francs (about $83 billion). However, the company also reported a strong rise in prices and better performance in real internal growth -- a key number watched by investors. Nestle's shares rose by 3.4 percent in premarket trading after the announcement. Still, the company's performance this year has been slower than the Swiss stock market overall. New CEO's Vision for Nestle Philipp Navratil, who joined Nestle in 2001, became CEO after former executive Laurent Freixe was removed following internal controversy. Navratil has promised to stick to Freixe's earlier plans: spend more on advertising, focus on fewer but stronger product launches, and sell weak-performing units. He said Nestle's main goal is to keep improving real internal growth, and that everything in the company's portfolio is being reviewed.
Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI's cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank is limiting the gains for the rupee, they said. At the interbank foreign exchange, the domestic uni ...Read More >
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to ₹45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously optimistic in the second half of 2025, supported by robust inflows of domestic investment, positive inve ...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 >
New Delhi: Nestle SA, one of the world's largest food and beverage companies, is set to undergo a major global restructuring that will impact around 16,000 jobs over the next two years. The company's new CEO, Philipp Navratil, who took charge in early September, announced that the move is part of efforts to help Nestle adapt to a rapidly changing business environment. "The world is changing, and Nestle needs to change faster," Navratil said, calling the layoffs a "hard but necessary decision" to streamline operations and drive future growth. Even as Nestle announced the job cuts, CEO Philipp ...Read More >
New Delhi, Oct 16 (PTI) Shares of Nestle India Ltd on Thursday jumped nearly 5 per cent after the FMCG major's revenue increased 11 per cent in the September quarter, marking the highest sales ever recorded in any quarter. The stock surged 4.50 per cent to Rs 1,276.55 on the BSE. During the day, it jumped 5.28 per cent to Rs 1,286.10. At the NSE, shares of the firm climbed 4.75 per cent to Rs 1,279.50. Nestle India Ltd on Thursday reported a 17.37 per cent decline in consolidated net profit to Rs 743.17 crore for the September 2025 quarter. The company had posted a net profit of Rs 899.5 c ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
Mumbai: Mutual fund profitability could come under pressure with the size of assets under management growing, but a fall in unitholders' fees could compensate for this squeeze, said Nimesh Shah, MD and CEO of ICICI Prudential Asset Management Company, whose ₹10,600 crore Initial Public Offer (IPO) is open for subscription. The issue, which will close on December 16 (Tuesday), was subscribed 2.11 times on Monday-- the second day of the offer. "As the size of the fund grows, margins are coming down, but with TER (total expense ratio) coming down, volumes will grow, and volumes will compensate f ...Read More >
Mumbai (Maharashtra) [India], December 16 (ANI): Domestic stock markets continued to remain under pressure on Tuesday as both key benchmark indices opened in the red, weighed down by persistent foreign fund outflows and continued weakness in the rupee. At the opening bell, the Nifty 50 index started the day at 25,951.50, slipping by 75.80 points or 0.29 per cent. The BSE Sensex also opened lower at 85,025.61, down by 187.75 points or 0.22 per cent. Also Read | VB-G RAM G Bill 2025: 5 Key Changes in India's Rural Employment Law Replacing MGNREGA. Market participants remained cautious amid mu ...Read More >
This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. New Delhi: The debate on laboratory-grown meat, dairy, and egg products may soon be settled, with the issue reaching India's apex food regulator, three people aware of the development said. The development comes in the backdrop of concerns about public health, food security and ecological sustainability. While the Food Safety and Standards Authority of India (FSSAI) has put in place a regulatory framework for plant-based protein products, manufacturers and sellers of fermentation-derived and cultivated protein ...Read More >
New Delhi, Jul 1 (PTI) REA India, which owns Housing.com and PropTiger, has appointed Praveen Sharma as its new Chief Executive Officer (CEO). Sharma had earlier worked in Paytm and Google. On April 3, Dhruv Agarwala resigned as CEO of REA India to pursue his own entrepreneurial journey. In a statement on Tuesday, Australia's REA Group said "Praveen Sharma has been appointed Chief Executive Officer of REA India and will join REA Group's Executive Leadership Team." Sharma has an experience of 25 years in senior management roles across technology, digital, media and advertising in India and A ...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 >
Mumbai, July 20 (SocialNews.XYZ) The upcoming week is expected to be crucial for Indian stock markets, with a mix of domestic and global factors likely to influence investor sentiment including key Q1 earnings, PMI data, infrastructure output figures, and developments around the India-US trade deal. Between July 21 and 25, several major companies -- including Dr. Reddy's Laboratories, Bajaj Finance, Nestle India, and Cipla -- will announce their financial results for the first quarter (Q1) of FY26. The market will also react to the earnings of heavyweights like Reliance Industries, HDFC Bank ...Read More >
New Delhi, Sep 26 (PTI) Pharma stocks fell in morning trade on Friday as investors grew concerned after US President Donald Trump announced import taxes of 100 per cent on branded and patented pharmaceutical drugs. Wockhardt Ltd tumbled 6.58 per cent, Natco Pharma tanked 5.46 per cent, Sun Pharma dropped 4.96 per cent, Indoco Remedies edged lower by 4.70 per cent, Glenmark Pharma fell by 2.88 per cent, Aurobindo Pharma 2.44 per cent and Dr Reddys dipped 2.31 per cent on the BSE. The BSE healthcare index dropped 1.39 per cent to 43,376.04. "Indian markets opened on a cautious note and weaken ...Read More >
New Delhi: Linda Yaccarino has stepped down as CEO of X, the platform formerly known as Twitter, after completing two years at the top post. Yaccarino confirmed her resignation on Wednesday, posting a message highlighting her time at the company and signalling confidence in the company's next phase under Elon Musk's leadership. "The best is yet to come as X enters a new chapter with xAI," Yaccarino said, referring to Musk's artificial intelligence company that recently rolled out its chatbot Grok. Yaccarino, a veteran advertising executive, was hired by Musk in May 2023, months after he acqu ...Read More >
Mumbai - MovieVerse Studios and Ellipsis Entertainment are delighted to announce the launch of a new mass contemporary mythological thriller, directed by Prasoon Pandey, the biggest name in Indian advertising. This marks his highly anticipated debut as a filmmaker. Prasoon has been recognized as the first Asian featured in Campaign Magazine's list of the 100 most influential advertising filmmakers worldwide. His work has won numerous awards at Cannes Lions, Clio Awards, and D&AD. With this feature, he adds feature films to his body of work , bringing his strong visual aesthetic and storytellin ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. For all the latest headlines, follow our Google News channel online or via the ap ...Read More >
Mumbai, Oct 28 (PTI) The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from importers and a surge in global crude oil prices. Forex traders said investors are keeping a watch on Federal Reserve's policy decision on Wednesday for further cues. Markets are assigning a 97.8 per cent probability to a 25-basis-point rate cut, with another one expected in December, they said. At the interbank foreign exchange market, the rupee opened at 88.34, and slipped to 88.40 against the greenback, registering a fall of 21 paise fr ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
PNN Dubai [UAE], July 19: SEGG Media Group (Nasdaq: SEGG), the global powerhouse in sports, entertainment, and gaming, today announced its first official football league partnership in the Indian subcontinent through a major five-year commercial agreement with the Super League Kerala (SLK) valued at over Rs. 100 crore (US$11.6 million) The signing ceremony took place today at One JLT, Dubai, marking the first official rights agreement under SEGG's rapidly scaling GXR World Sports Platform, and the first live football rights acquisition for the company's flagship Sports.com app. The agreemen ...Read More >
For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore. The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling. For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, Announces RBI. ...Read More >
Mumbai: Indian stock markets closed with small losses on Tuesday. The Nifty 50 ended the day 33 points lower at 25,170, and the Sensex fell by 58 points to close at 82,102. While most sectors saw mild declines, banking stocks stood out, closing with strong gains. Bank Nifty Gains, Smallcap Outperforms Midcap The Nifty Bank index jumped 225 points, or 0.41 percent, to close at 55,509, showing strength in the financial sector. On the broader market front, BSE Midcap stocks dropped 133 points (0.29 percent) to finish at 46,367.85, while BSE Smallcap gained 190 points (0.35 percent) and closed a ...Read More >
Gurugram, Sep 29 ( IANS) In a strategic move to attract domestic investments, the Government of Punjab hosted its inaugural roadshow in Gurugram on Monday, setting the stage for the Progressive Punjab Investors' Summit 2026. Spearheaded by Invest Punjab, the event showcased the state's evolving industrial landscape and its investor-friendly policies. Chief Minister Bhagwant Mann led a high-profile delegation comprising Minister for Industries and Commerce and Investment Promotion Sanjeev Arora, Chief Secretary KAP Sinha, Administrative Secretary KK Yadav, Vice Chairperson PDC Seema Bansal, a ...Read More >
Mumbai (Maharashtra) [India], October 16 (ANI): The Indian share market opened on a positive note on Thursday, supported by optimism over a possible India-US trade deal expected in November. However, experts cautioned that the markets are currently in an overbought zone and may witness some correction in the near term. The Nifty 50 index opened at 25,394.90, gaining 71.35 points or 0.28 per cent, while the BSE Sensex started the day at 82,794.79, up by 189.36 points or 0.23 per cent. Market sentiment remained upbeat amid growing expectations of a breakthrough in the upcoming trade discussio ...Read More >
Globally, developments around proposed US tariffs on China, along with movements in crude oil prices and currency trends, will play a key role in shaping risk appetite and investor positioning, Mishra added.Source : ABPLIVE AI The Indian benchmark indices saw significant gains during early trade on Monday morning on account of Diwali as the Sensex opened 498 points higher at 84,451.11, and the Nifty opened higher by more than 190 points, at 25,899.90. In the pre-open session, at 9:03 AM, the Se ...Read More >
Mumbai: The Indian stock market continued its flattish opening trajectory this week, as selling was seen in Nifty's financial service and private bank sector in early trade on Wednesday. At around 9:27 am, Sensex was trading at 81,515.06 after gaining 5.01 points or 0.01 per cent, while the Nifty was trading at 24,623.8 after rising 13.75 points or 0.06 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,634 stocks were trading in green, while 565 stocks were in red. According to market experts, "Nifty is in a consolidation range and is likely to remain in ...Read More >
New Delhi, Jul 11 (PTI) Shares of Tata Consultancy Services (TCS) dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors. The bellwether stock declined 3.46 per cent to settle at Rs 3,265.40 apiece on the BSE. During the day, it dropped 3.57 per cent to Rs 3,261.35. On the NSE, it went lower by 3.47 per cent to Rs 3,264.50. The company's market valuation eroded by Rs 42,295.44 crore to Rs 11,81,450.30 crore. The stock was the biggest laggard among the Sensex and Nifty firms. Other IT stocks too faced selling pressure, with Wipro, HCL Tech, Infos ...Read More >