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: The Ministry of External Affairs on Thursday clarified that there was no telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump yesterday."On the question of whether there was any conversation or phone call between Prime Minister Modi and President Trump, I am not aware of any conversation yesterday between the two leaders," MEA spokesperson Randhir Jaiswal said at his weekly press briefing. The statement follows Trump's recent remarks on Indian oil imports from Russia. Earlier, Trump had claimed that Prime Minister Modi had assured him that India would stop buying Russian oil, calling it a "big step" towards increasing global pressure on Moscow over the Ukraine conflict.Also read: India reacts to Trump's claims on Russian oil; cites "twin goals"On Wednesday evening, when asked whether Trump considered India a reliable partner, Trump replied: "Yes, of course. He (Prime Minister Narendra Modi) is a friend of mine. We have excellent relationships. I was not happy that India was buying oil. And he assured me today that they will not buy oil from Russia. This is a great stop. Now we must get China to do the same thing. "In response to these comments, the MEA in an earlier statement emphasized that India's energy policy is strictly guided by national interests and the need to protect Indian consumers amid volatile markets. The ministry reiterated that India is a significant importer of oil and gas, with a long-standing priority of ensuring stable prices and securing supplies through diversified supply.Also read: We don't intervene: Moscow reacts to Trump's claim that PM Modi would stop Russian oil trade; says our supplies are very beneficial to the Indian economy"India is a major importer of oil and gas. Our constant priority has been to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are entirely guided by this objective," the MEA said earlier.
New Delhi: Nepal's Prime Minister KP Sharma Oli's decision to visit China before India after assuming office in 2024 had reignited speculations about the trajectory of India-Nepal bilateral ties. While some analysts see this as a shift in Kathmandu's diplomatic priorities, New Delhi has downplayed concerns, maintaining that relations between the two South Asian neighbours remain strong. "I can tell you that the relations between the two countries remain good and strong and we want to further strengthen these," External Affairs Ministry spokesperson Randhir Jaiswal said during his regular medi ...Read More >
Rajgir (Bihar), Jun 6 (PTI) Congress leader Rahul Gandhi on Friday slammed the Nitish Kumar-led NDA government in Bihar over the law and order situation, alleging that the state has turned into "the crime capital of India". Addressing the 'Samvidhan Suraksha Sammelan' in Nalanda's Rajgir, Gandhi also took a jibe at Prime Minister Narendra Modi for "remaining silent" on US President Donald Trump's claims of brokering peace between India and Pakistan during the military conflict. "Bihar, once considered the land of peace and justice, has now turned into the crime capital of India," the former ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
Rajgir (Bihar), Jun 6 (PTI) Congress leader Rahul Gandhi on Friday slammed the Nitish Kumar-led NDA government in Bihar over the law and order situation, alleging that the state has turned into "the crime capital of India". Addressing the 'Samvidhan Suraksha Sammelan' in Nalanda's Rajgir, Gandhi also took a jibe at Prime Minister Narendra Modi for "remaining silent" on US President Donald Trump's claims of brokering peace between India and Pakistan during the military conflict. ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commodities more expensive, while likely retaliation from Europe will also raise costs. Cipollone, speaking i ...Read More >
New Delhi: India has intensified its calls for the immediate discharge and repatriation of all remaining Indian nationals serving in the Russian Army, following the tragic death of one Indian national in Russia. The Ministry of External Affairs (MEA) has once again stressed the urgency of bringing back Indian nationals involved in the ongoing conflict in Ukraine. Indian National from Kerala Dies, Another Injured in Russia In a statement, MEA spokesperson Randhir Jaiswal confirmed that an Indian national from Kerala, who had been recruited to serve in the Russian Army, tragically died, while ...Read More >
AMRITSAR, India (AP) -- A U.S. military plane carrying 104 deported Indian migrants arrived in a northern Indian city on Wednesday, the first such flight to the country as part of a crackdown ordered by the Trump administration, airport officials said. The Indians who returned home had illegally entered the United States over the years and came from various Indian states. The move came ahead of Indian Prime Minister Narendra Modi's visit to Washington, which is expected next week. U.S. President Donald Trump and Modi discussed immigration in a phone call last week and Trump stressed the impo ...Read More >
New Delhi [India], May 23 (ANI): Criticising the BJP-led NDA government, Leader of the Opposition in Lok Sabha (LoP) Rahul Gandhi on Friday said that India's foreign policy has collapsed. In a post on X, Gandhi raised three questions to the central government. "Will JJ explain, Why India has been hyphenated with Pakistan? Why didn't a single country back us in condemning Pakistan? Who asked Trump to "mediate" between India & Pakistan?" the LoP said. Reposting a video of S Jaishankar's interview with a media outlet, he said, "India's foreign policy has collapsed," he added. Earlier, Gandhi q ...Read More >
New Delhi, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar on Friday welcomed the Foreign Ministers of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in New Delhi for the 4th India-Central Asia Dialogue, as India continues to put a strong foot forward in enhancing anti-terror and de-radicalisation partnerships across the region. "4th India-Central Asia Dialogue begins in Delhi. EAM S Jaishankar warmly welcomed Deputy Prime Minister and Foreign Minister of Kazakhstan Murat Nurtleu, Foreign Minister Sirojiddin Muhriddin of Tajikistan, Deputy Chairman of C ...Read More >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sources said. "The two countries are actively engaged in focused discussions to facilitate greater mark ...Read More >
Patna (Bihar) [India] June 6 (ANI): Congress MP and Leader of Opposition in Lok Sabha Rahul Gandhi attended the 'Samvidhan Sabha' in Rajgir, Nalanda, on Friday. Addressing the gathering, Gandhi emphasised the need for a caste census and criticised Prime Minister Narendra Modi's stance on the issue. He questioned PM Modi's claim of being an OBC while asserting that the BJP denies the existence of caste in India, emphasising the need for a genuine caste census. 'Narendra Modi used to say in every speech, I am OBC. Then, on the caste census, they say that there is no caste in India. If there is ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...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: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president January 20. At the interbank foreign exchange, the ...Read More >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter with security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutional means". He has urged the Centre to hold "peace talks" with the Maoists and declare a "ceasefire" w ...Read More >
Rajgir/Gayaji (Bihar), Jun 6 (PTI) Rejecting outright the 50 per cent cap on caste-based reservations, Congress leader Rahul Gandhi on Friday vowed that "the barrier will be broken" in whichever part of the country his party came to power. The Leader of the Opposition in Lok Sabha made the promise in Bihar, the state which was a hotbed of the Mandal agitation in the 1990s, and where polls to the assembly are likely in a few months. "I wonder where did this idea of a 50 per cent cap come from? The population of the deprived sections is close to 90 per cent," said the former Congress president ...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 >
New Delhi: Prime Minister Narendra Modi on Friday announced that he will be attending the G7 Summit later this month in Canada following a phone call from newly elected PM Mark Carney, signalling an improvement in bilateral ties following the changing of the guard in the North American country. The summit will be held in Kananaskis, Alberta, from June 15-17. It will be Modi's maiden engagement abroad since Operation Sindoor, presenting him with an opportunity to highlight the menace of cross-border terrorism at a global forum. In a post on X, Modi wrote, "Glad to receive a call from Prime Mi ...Read More >
New Delhi [India] January 22 (ANI): Congress MP Randeep Singh Surjewala on Wednesday urged Prime Minister Narendra Modi to take a stand in defending the rights of Indian immigrants in the United States. Surjewala also highlighted the contributions of over 20,000 Indian immigrants and expressed concerns over the government's silence on the deportation orders under President Donald Trump's administration. Sharing a detailed post on X Surjewala said, "Dear Prime Minister Modi ji, Pls spare a few moments to watch Bishop Mariann Edgar Budde speaking the truth to President of United States of Amer ...Read More >
NEW DELHI: Highlighting a recent directive from the Central Board of Secondary Education (CBSE) on the establishment of 'sugar boards' in schools, the Food Safety and Standards Authority of India (FSSAI) has urged states to support and implement the initiative to help curb excessive sugar consumption among schoolchildren and foster healthier dietary habits from an early age. The matter was discussed during the 47th Central Advisory Committee (CAC) meeting of the FSSAI, held on May 27. According to the FSSAI, in response to Prime Minister Narendra Modi's call for urgent action against obesity ...Read More >
Katra: Prime Minister Narendra Modi on Friday flagged off the Katra-Srinagar Vande Bharat Express, inaugurating an alternative all-weather transportation system for Kashmir by connecting the Udhampur-Srinagar-Baramulla rail link with the national railway network. The train will commence commercial operations from Saturday, allowing passengers to travel in the two pairs between Srinagar and Katra except on Wednesdays. The Udhampur-Srinagar-Baramulla rail project in the tough Himalayan terrain has been referred to as a marvel. It is expected to be a game changer in the development of the mount ...Read More >
Patna, June 6 (SocialNews.XYZ) On a day-long visit to Bihar on Friday, Leader of Opposition Rahul Gandhi launched a sharp attack on Prime Minister Narendra Modi, alleging that the government "surrendered" during Operation Sindoor under pressure from former US President Donald Trump. Speaking at the Samvidhan Sammelan (Constitutional Dialogue) in Rajgir, Gandhi cited Trump's repeated public claims about mediating a ceasefire between India and Pakistan and questioned the Prime Minister's silence on the matter. "US President Donald Trump has publicly claimed 11 times that he forced PM Modi to a ...Read More >
Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >
New Delhi [India], December 18 (ANI): Chinese Ambassador to India, Xu Feihong on Wednesday said that China is ready to work with India and put into action the understandings between Indian and Chinese leaders. The comments come ahead of the 23rd meeting of the Special Representatives between National Security Advisor Ajit Doval and China Foreign Minister Wang Yi in Beijing. In a post on X, Ambassador Xu Feihong, "China is ready to work with India to implement the important common understandings between the leaders of China and India, respect each other's core interests and major concerns, str ...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 >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter between Maoists and security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutional means". He has urged the Centre to hold "peace talks" with the Maoists and declare ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...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 >