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.
Nashik: In a major relief for the Indian Air Force (IAF), the first Tejas-Mk1A fighter aircraft produced at the Nashik complex of Hindustan Aeronautics Limited (HAL) completed its maiden flight on Friday. Defence minister Rajnath Singh formally inaugurated the Light Combat Aircraft (LCA) and HTT-40 (trainer aircraft) assembly complexes at Nashik after which the advanced jet fighter and piston-engine trainer aircraft were wheeled out. The formal induction of Tejas-Mk1A into the IAF will depend on the successful completion of ongoing weapon and radar integration trials. With this inauguration, Nashik now hosts the third LCA production line and the second HTT-40 production line of HAL. The rollout event, which included a traditional water cannon salute, comes even as HAL races to meet Tejas-Mk1A delivery timelines for the IAF While the Astra beyond-visual-range air-to-air missile, short-range missiles, and laser-guided bombs have been integrated with the aircraft, trials are awaited. The pre-induction tests will also validate integration with the Israeli-origin ELTA ELM-2052 radar and fire-control system. Initial tests had encountered software-related snags, prompting modifications before final validation. The production line in Nashik can produce up to eight aircraft annually. The PSU has also developed a parallel private-sector supply chain -- VEM Technologies (centre fuselage), Alpha (rear fuselage), and L&T (wings) -- to support an additional six aircraft each year. Once stabilised, this ecosystem is projected to enable annual production of 30 fighters from 2026-27. Delays in the delivery of 99 GE F404 engines from the US has severely affected the project. This contract with GE was inked in Aug 2021 for Rs 5,375 crore. Only four engines have been received so far. GE has assured the supply of eight more engines by March 2026 and around 20 engines per year thereafter. HAL claims that it has managed to keep production moving by rotating available engines for test flights. The initial order for 83 Tejas Mk1A aircraft, cleared in 2021, was to be delivered between 2024 and 2028. In Aug 2025, the Cabinet Committee on Security approved an additional 97 Mk1A fighters for Rs 66,500 crore, taking the total order to 180 aircraft IAF chief Air Chief Marshal A P Singh has repeatedly flagged the urgency of new inductions, saying the IAF is "very badly off in numbers" and needs at least 40 fighters a year to sustain combat readiness. HAL officials have said they are confident of meeting this requirement once the production ecosystem stabilises and integration issues are resolved. After inaugurating the project, Rajnath Singh stated that HAL's model would serve as a benchmark for other industries. Singh congratulated the entire HAL family for their efforts in building a sustainable township. "The entire world is talking about saving the environment. In this era, HAL has set an example through this township. I believe that HAL's model will now become a benchmark for other industries... This township will teach the entire city that sustainable development is not contrary to each other but complementary, so I congratulate the entire HAL family..." Singh said.
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 >
Thiruvananthapuram (Kerala) [India], June 26 (ANI): British authorities on Thursday thanked India for their constant support after the British F-35B fighter jet made an emergency landing at Thiruvananthapuram airport nearly a fortnight ago. The High Commission spokesperson said, "We are working to repair the UK F-35B at Thiruvananthapuram International Airport as quickly as possible. We thank the Indian Authorities for their continued support" Also Read | Shubhanshu Shukla Becomes First Indian To Enter International Space Station, Says 'Privilege To Be Amongst Few To See Earth From This Vant ...Read More >
Thiruvananthapuram (Kerala) [India], June 27 (ANI): A UK F-35B aircraft is currently awaiting repairs at the Thiruvananthapuram International Airport after experiencing an engineering issue, a British High Commission spokesperson confirmed. "A UK F-35B aircraft is awaiting repairs at the Thiruvananthapuram International Airport after developing an engineering issue. The UK has accepted an offer to move the aircraft to the Maintenance Repair and Overhaul facility at the airport. The aircraft will be moved to the hangar once UK engineering teams arrive with specialist equipment, thereby ensurin ...Read More >
Mumbai, June 30 (SocialNews.XYZ) The Indian benchmark indices opened flat on Monday amid positive global cues, as buying was seen in the PSU bank and IT sectors in the early trade. At around 9.27 am, Sensex was trading 1.35 points up at 84,057.55 while the Nifty added 6.50 points or 0.03 per cent at 25,644.30. According to analysts, decline in geopolitical tensions in West Asia, the sharp pull back of Brent crude to $67 and reports of positive developments on the trade front with possibilities of trade deals between US-China and US-India augur well for equity markets. "Significant contribut ...Read More >
Guwahati: Assam will soon get three national highway stretches equipped for emergency aircraft landings, including the first such facility in the Northeast, which shares a long border with Bangladesh, Bhutan, Myanmar and China. "The first emergency landing facility on a national highway in North East is expected to be ready in eastern Assam by October, in a boost to national security and disaster preparedness," Chief Minister Himanta Biswa Sarma said on Sunday. Once completed, these stretches will boost Assam's strategic and transport infrastructure, Sarma said. "Once completed, it will supp ...Read More >
New Delhi, May 22 (SocialNews.XYZ) The pilots of the IndiGo plane, which was damaged in rough weather en route to Srinagar, were denied permission by the Lahore ATC to venture briefly into Pakistan airspace to escape the hailstorm, in complete violation of humanitarian norms. India's civil aviation regulator, the DGCA, said the aircraft was cruising at an altitude of approximately 36,000 feet near Punjab's Pathankot when it ran into a thunderstorm and hailstorm. Experiencing severe turbulence, the crew first requested the Northern ATC of the Indian Air Force to allow the flight to deviate to ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Bengaluru (Karnataka) [India], February 10 (ANI): Defence Minister Rajnath Singh on Monday met Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru at Aero India 2025. Singh called their meeting a "great interaction." Also Read | US: Judge Finds Trump Administration Hasn't Fully Followed Order To Unfreeze Federal Spending, Orders White House To Release All Money. In a post on X, he said, "Great interaction with the Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria Ge ...Read More >
NEW DELHI: Aviation engineers from the UK are arriving in Thiruvananthapuram to repair an F-35B Lightning jet of Britain's Royal Navy as the aircraft continued to be stranded after making an emergency landing 12 days ago.The aircraft is part of the HMS Prince of Wales Carrier Strike Group of the UK's Royal Navy.The jet, worth over USD 110 million and known to be one of the most advanced fighters globally, made the emergency landing at Thiruvananthapuram airport on June 14.The aircraft is awaiting repairs at the Thiruvananthapuram international airport after developing an engineering issue, a B ...Read More >
India launched Operation Sindoor in response to the terror attack in Pahalgam ShowQuick Read Summary is AI-generated, newsroom-reviewed Political leadership forbade targeting Pakistani air defences in initial phase, Captain Shiv Kumar saidCongress criticised the BJP government for "misleading" the public on Operation SindoorOpposition demanded all-party meeting and special parliament session on the issue Did our AI summary help? Let us know. New Delhi: A comment by India's defence attache ...Read More >
Trinamool Congress MP Mahua Moitra criticized Prime Minister Narendra Modi during his international tour, questioning the effectiveness of India's diplomatic efforts in isolating Pakistan globally. Moitra commented on Modi's extensive traveling and expressed concerns about Pakistan's support from international organizations. As Prime Minister Narendra Modi embarked on a multi-nation tour, he faced critical remarks from Trinamool Congress MP Mahua Moitra, who questioned why India's diplomatic act ...Read More >
New Delhi, June 7 (SocialNews.XYZ) India has issued a Notice to Airmen (NOTAM) for a major Indian Air Force (IAF) exercise scheduled to take place near the southern sector of the India-Pakistan International Border in Rajasthan from Saturday, June 7, to Sunday, June 8. The exercise is part of the IAF's regular operational preparedness and will be conducted in airspace near the border. According to the NOTAM, the aerial drill will commence at 3:30 p.m. on June 7 and conclude at 9:30 p.m. the following day. During this period, airspace over the designated region will be restricted to ensure t ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
NEW DELHI: India pushed for a permanent solution of border demarcation with China and underlined the need to solve complex issues through a structured roadmap of engagement and de-escalation, during talks between defence minister Rajnath Singh and his Chinese counterpart Admiral Dong Jun on Thursday. Singh "stressed on border management and to have a permanent solution of border demarcation by rejuvenating the established mechanism on the issue," the defence ministry said on Friday, a day after two ministers held talks at Qingdao in China on the sidelines of the Shanghai Cooperation Organisat ...Read More >
NEW DELHI: The Congress on Sunday cited the reported comments of India's defence attache to Indonesia that the Indian Air Force lost fighter jets to Pakistan during Operation Sindoor and accused the government of having "misled" the country. The party also asked why is Prime Minister Narendra Modi "refusing" to preside over an all-party meeting to take the Opposition into confidence and why has the demand for a special session of Parliament been rejected. Congress general secretary in-charge communications Jairam Ramesh shared a media report on X which quoted Captain (Indian Navy) Shiv Kumar ...Read More >
India's Indigenous Light Tank: A Key Weapon System For High-Altitude Combat Friday, December 13, 2024 by Indian Defence News India's indigenous light tank, Zorawar, represents a significant advancement in the country's defence capabilities, particularly for operations in high-altitude regions. Developed by the Defence Research and Development Organisation (DRDO) in collaboration with Larsen & Toubro (L&T) and supported by various Micro, Small, and Medium Enterprises (MSMEs), the Zorawar is designed to meet the operational demands highlighted during the 2020 standoff with China in Eastern Lada ...Read More >
'As humans, we haven't changed much' IMAGE: India's first man in space, Rakesh Sharma, reflects on his journey and India's future in space travel. Photograph: Courtesy Ministry of Defence Astronaut Rakesh Sharma, the first Indian to journey into space in 1984, says space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and not a sole preserve of anyone. He shared his thoughts in a recorded podcast shared by the Ministry ...Read More >
Part of the deal involves assistance to boost mining supply chains. Peru is one of the world's top copper producers, while Japan is a major consumer of the key industrial metal. In the aftermath of the APEC summit, Peru also inked a defense cooperation deal with South Korea, including a submarine agreement with Hyundai Heavy Industries and another deal with Korea Aerospace Industries to manufacture parts for fighter aircraft, according to Boluarte's foreign minister. Last week, Peru formally inaugurated the Chinese-built Pacific coast megaport of Chancay, promising faster and more efficient ...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], June 8 (ANI): Amid the ongoing Operation Sindoor against Pakistan, the Defence Ministry is going to take up Rs 10,000 crore proposal to buy three sophisticated spy planes to help Indian Air Force get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other mobile objects. The Rs 10,000 crore project for the Intelligence, Surveillance, Target Acquisition and Reconnaissance (I-STAR) is expected to be taken up for clearance at a high-level defence ministry meeting scheduled to be held in the four ...Read More >
NEW DELHI: At a time when Indian astronaut Shubhanshu Shukla is in space as part of the Axiom-4 mission, India's first spaceman Rakesh Sharma, who went there as part of the Indo-Soviet space programme in 1984, has said that space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and is "not the sole preserve" of anyone."We really need to preserve what we have, which means we need to end conflicts, we need to forget about our weapons, we need to forget about confrontation and we need to start collaborating instead," he sai ...Read More >
New Delhi, Jun 27 (PTI) Upgrading India's Sukhoi-30MKI fighter fleet, production of air-to-air missiles and expeditious supply of two batches of S-400 missile systems figured prominently in Defence Minister Rajnath Singh's talks with his Russian counterpart Andrey Belousov in the Chinese city of Qingdao. The two defence ministers held a bilateral meeting on the sidelines of a conclave of the Shanghai Cooperation Organisation (SCO) on Thursday. The Indian Air Force is operating around 260 Sukhoi 30-MKI jets and it is looking at upgrading the fleet under an ambitious plan. The Russian-origin ...Read More >
Kolkata: Once heavily dependent on imports, India's defence sector is poised to emerge as a global supplier, riding on a plethora of policy reforms, investments and industrial capabilities. With NATO announcing that its member nations will raise defence expenditure to 5% of GDP by 2035, there is a growing optimism in India about making it big in the export of military hardware in the developed world. One of the bright spots is the achievement of Reliance Defence, which has grabbed an export order of Rs 600 crore from Germany's major defence manufacturer Rheinmetall Waffe Munition GmbH. Relian ...Read More >
New Delhi, Jun 27: Defence Minister Rajnath Singh held a bilateral meeting with the Defence Minister of the Russian Federation, Mr Andrey Belousov, on the sidelines of the Shanghai Cooperation Organisation (SCO) Meeting in Qingdao, China. The two Ministers held wide-ranging discussions on regional and global security developments, cross-border terrorism, and ongoing as well as future avenues of bilateral defence cooperation. The Russian Defence Minister reaffirmed the depth and resilience of the longstanding India-Russia strategic partnership and expressed solidarity with India in the wake o ...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 has asked China to constructively work towards a "permanent solution" to the border issue under a structured roadmap to bridge trust deficit, de-escalate tensions and rejuvenate the existing mechanism to demarcate it, even as their armies continue to be forward deployed against each other along the frontier for the last five years.Defence minister Rajnath Singh also told his Chinese counterpart, Admiral Dong Jun, on the sidelines of the SCO conclave Thursday that Beijing should understand and respect India's "principled approach" to defend itself against cross-border terror sp ...Read More >
New Delhi, Jun 29 (PTI) A controversy has erupted over the remarks by the Indian defence attache in Indonesia suggesting that the Indian Air Force lost fighter jets in the initial phase of Operation Sindoor as it was constrained by the mandate to not attack Pakistani military establishment and only target terrorist infrastructure. As the purported video of the remarks made by Captain Shiv Kumar on June 10 at a gathering surfaced on Sunday, the Indian embassy in Jakarta said the officer only stated the fact that the Indian armed forces serve under political leadership, unlike some other countr ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...Read More >
New Delhi [India], June 27 (ANI): The Aircraft Accident Investigation Bureau (AAIB) Lab in New Delhi, is currently working intensively to examine data retrieved from the black boxes of Air India Flight AI-171, which crashed in Ahmedabad earlier this month. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. According to the Ministry of Civil Aviation, the Crash Protection Module (CPM) from the front black box was safely retrieved, and on June 25, 2025, the memory modu ...Read More >