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.
HYDERABAD: The Telangana High Court on Friday asked the government and the State Election Commission (SEC) when will be the rural local body elections would be conducted, and gave them two weeks to reply with regard to the revised poll schedule. A division bench comprising Chief Justice Aparesh Kumar Singh and Justice G.M. Mohiuddin was hearing a petition filed by Renka Surender, advocate from Mancherial district, who challenged the SEC's notification dated October 9, which put the local body election process on hold. Earlier in the day on October 9, the High Court had stayed the increase of reservations for the Backward Classes communities in local body elections to 42 per cent, and permitted the SEC to proceed with polls based on the existing reservation structure within the cap of 50 per cent including quotas for the SC, ST and BC communities. Following the court's interim order, the SEC suspended the election process citing a change in the composition of constituencies. The petitioner argued that the suspension was in violation of the High Court's directions and requested the court to declare the SEC's notification halting the elections as illegal and unconstitutional. He urged the court to direct the SEC to convert the excess reserved seats into open category seats and proceed with the process by issuing a revised election schedule. Senior counsel G. Vidyasagar, appearing for the SEC, informed that after the High Court's interim orders and the Supreme Court's dismissal of the state's special leave petition, the commission had sought updated reservation details from the state government. He stated that further steps would be taken in consultation with the government as per the Telangana Panchayat Raj Act. Shazia Parveen, government counsel for the panchayat raj department, sought three weeks to file a response. However, the division bench, comprising clarified that a detailed counter was unnecessary and only the schedule for elections needed to be submitted. The court said that its previous orders should be implemented and observed that the local body elections should not be kept pending for various reasons. The bench adjourned the matter to November 3, granting two weeks for the government and the SEC to inform the court about the revised election schedule.
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Congress MP Ranjeet Ranjan has called for the replacement of Electronic Voting Machines (EVMs) with ballot papers, citing concerns over the legitimacy of election results. Ranjan raised doubts about the EVM's accuracy, suggesting that the results may be influenced and advocating for a ballot paper system like many other countries. Congress President Mallikarjun Kharge also echoed similar sentiments, accusing EVMs of wasting votes from marginalized communities. This comes after the Congress' defeat in the Maharashtra Assembly election. The Supreme Court, however, dismissed a petition seeking th ...Read More >
Bhubaneswar: The Winter Session of the Odisha Legislative Assembly on Tuesday witnessed intense discussions on Tuesday over delays in drinking water projects, with senior BJD MLA Badri Narayan Patra making a striking admission. During the Question Hour, Patra attributed the party's setbacks in the 2024 Assembly elections to voter dissatisfaction stemming from unfulfilled promises regarding drinking water infrastructure. "I have personally experienced voters' anger over the non-completion of promised projects before the elections. Candidates who narrowly lost felt the brunt of this frustration ...Read More >
Kochi: The Congress-led United Democratic Front (UDF) made significant gains in the bypolls to 31 local body wards in Kerala, held on November 20, according to results released by the State Election Commission (SEC) on Wednesday. The bypolls were held in one district panchayat ward, four block panchayat wards, three municipality wards, and 23 grama panchayat wards. In the previous elections held in 2020, the CPM-led Left Democratic Front (LDF) controlled 15 wards, the UDF controlled 13, and the Bharatiya Janata Party (BJP) controlled 3. Also Read: Bypolls in 15 seats across Uttar Pradesh, P ...Read More >
Jalna, December 17: Activist Manoj Jarange on Tuesday announced that he would launch an indefinite fast on January 25, 2025, to press for the Maratha community's demands, including reservation in jobs and education under the OBC category. Addressing the media at Antarwali Sarthi village in Jalna, Jarange urged members of the Maratha community to gather in large numbers at the protest site. "No one should stay at home. Come to Antarwali Sarthi, and let us show our collective strength," he said. The 42-year-old activist has been demanding the implementation of a draft notification that recognis ...Read More >
Chandigarh, Dec 18 (PTI) Noise levels exceeded the prescribed limits during singer-actor Diljit Dosanjh's concert here on Saturday, the Chandigarh administration told the Punjab and Haryana High Court on Wednesday. The submission was made by the administration before a division bench of the high court. "Strict action" has been recommended against the violators, the court was further informed. On December 13, the high court had allowed Dosanjh's event scheduled to take place the next evening, with a direction that the organisers comply with the noise pollution regulations. While greenlighti ...Read More >
Kolkata, Jan 21 (VOICE) The West Bengal government on Tuesday approached the Calcutta High Court, challenging the special court's verdict sentencing Sanjay Roy, convicted in the rape and murder of a junior doctor of state-run R.G. Kar Medical College and Hospital, to life imprisonment. State Advocate General Kishor Datta has approached the division bench of Justice Debangshu Basak and Justice Shabbar Rashidi seeking a "death penalty" for the convict. The division bench has admitted the petition from the state government. After the court pronounced the quantum of sentence, Chief Minister Mama ...Read More >
Mumbai, Jan 27 (PTI) The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defen ...Read More >
NEW DELHI: BJP leader Amit Malviya on Tuesday accused Rahul Gandhi of being "so arrogant that he did not even greet the President" during the 75th Constitution Day event held in Parliament. This comes as the grand old party has often voiced its criticism against the saffron party for not inviting President Droupadi Murmu at the inauguration ceremony of the new Parliament building last year and Ram Temple consecration this year. "Rahul Gandhi is so arrogant that he did not even greet the President. Just because she comes from the tribal community, is a woman and Rahul Gandhi is the prince of ...Read More >
New Delhi, [India], December 11 (ANI): The Supreme Court has expressed concern over the growing tendency to misuse Section 498A of the Indian Penal Code (IPC), which penalises cruelty by husbands and their relatives against married women. While quashing a Section 498A IPC case against a husband and his parents, a bench of Justices BV Nagarathna and N Kotiswar Singh said that the Section became a tool for unleashing personal vendetta against the husband and his family by a wife. Also Read | RBI Will Remain Alert and Agile to Meet Challenges, Says New Governor Sanjay Malhotra (Watch Video). " ...Read More >
New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >
New Delhi [India], December 18 (ANI): Congress MP Manickam Tagore on Wednesday lashed out at Union Home Minister Amit Shah over his remarks on Dr BR Ambedkar, saying that he can't "bulldoze" Ambedkar's legacy which remains a voice for the oppressed communities. "Yesterday, Amit Shah who believes in Manuwaad and who is a follower of Savarkar has expressed his anti-mindset of Ambedkar (anti-Ambedkar mindset)...We will try to say to him 'Ambedkar Jai'...because he can't just bulldoze Ambedkar's legacy. Ambedkar legacy means voice for those oppressed communities of OBCs, SCs and STs, and all othe ...Read More >
Kerala TET 2024 Admit Card: The Kerala Pareeksha Bhavan will issue admit cards for the Kerala Teacher Eligibility Test (KTET) today, January 8, 2025. Applicants can get the Kerala TET admit card from the official website, ktet.kerala.gov.in. The Kerala TET 2024 exams will take place on January 18 and 19, 2025. The first shift will take place from 10 a.m. to 12:30 p.m., followed by the second shift from 2 p.m. The Kerala TET exam is administered twice a year to verify candidates' ability to teach in lower and upper elementary schools throughout the state. Also Read:- NBE FMGE Admit Card Dece ...Read More >
New Delhi: The CAG report, which Aam Aadmi Party leaders are denying as false, was indeed accepted as true by the Delhi government lawyer in the High Court when he blamed the LG office for leaking it to the public. Justice Sachin Datta of the Delhi High Court, who was hearing a petition by the BJP MLAs, said the government should have promptly placed the CAG reports before the house for discussion. "The way you dragged your feet raises doubts about your bonafides. You should have promptly forwarded the reports to the speaker," Justice Datta said, "and had a discussion in the house. The timel ...Read More >
New Delhi, Jan 28 (VOICE) The Muslim women have been empowered further by the Central government as they have been also included as members of the Waqf boards. Some of the key provisions of the Waqf Amendment Bill, 2025 are as follows: two Muslim women will continue to be included as members in both the State Waqf Boards (Section 14) and the Central Waqf Council (Section 9) to ensure Muslim women's empowerment and participation in waqf management. Also, the State Waqf Boards will now include one member from the Muslim OBC community, ensuring broader representation (Section 14). The informat ...Read More >
Noida: Police on Tuesday arrested more than 160 protesting farmers, including the president of Bharatiya Kisan Parishad Sukhbir Yadav 'Khalifa', who were holding a sit-in at the 'Dalit Prerna Sthal' in Noida after their march to Delhi on land compensation and other demands was stopped a day earlier. The protesters, who had gathered in Gautam Buddh Nagar from different parts of Uttar Pradesh on Monday on the call of Samyukta Kisan Morcha (SKM), had threatened to resume their march to the national capital if their demands were not met within a week. Condemning the police action, the SKM said it ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
Belagavi (Karnataka), Dec 12 (PTI) Tensions flared in the Karnataka Assembly on Thursday as BJP MLAs barged into Speaker U T Khader's chamber, expressing strong objections to his handling of the proceedings. The confrontation came amidst heated debates over the recent police lathi charge on Panchamasali Lingayat protesters, with the ruling Congress and opposition BJP trading accusations. The issue arose when Congress MLA Vijayanand Kashappanavar, himself a leader of the Panchamasali Lingayat community, criticized the decision of previous BJP government to scrap the 4 per cent Muslim reservati ...Read More >
Patna (Bihar) [India], December 15 (ANI): Union Minister Rajiv Ranjan (Lallan) Singh on Sunday accused the Congress of insulting the Constitution since Independence and said Prime Minister Narendra Modi has spoken about this in his address to the Lok Sabha. Speaking to mediapersons, Rajiv Ranjan (Lalan) Singh said, "The Congress party has disrespected the Constitution since Independence and PM Modi showed them the mirror in Lok Sabha." On Saturday, Prime Minister Narendra Modi accused the Congress of constantly disrespecting the Constitution. Responding to the two-day discussion in Lok Sabh ...Read More >
New Delhi, December 15: The 'One Nation, One Election' Bill, officially known as the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, will not be tabled in the Lok Sabha on Monday. The Revised Business List of the Lower House for the day does not mention the Bill. The first list had scheduled the Bill for Monday. It mentioned, "... Arjun Ram Meghwal to move for leave to introduce a Bill further to amend the Constitution of India. Also to introduce the Bill." One Nation, One Election: Union Cabinet Approves Bills for Simultaneous Lok Sabha, State Assembly Elections, Say Source ...Read More >
The Supreme Court on Friday granted bail to eight convicts in the infamous 1987 Hashimpura massacre case of 38 persons by the personnel of the Provincial Armed Constabulary. IMAGE: File photograph of Muslims in Meerut staging a protest demanding justice in the 1987 Hashimpura massacre case. Photograph: PTI Photo/Rediff archives A bench comprising Justices Abhay S Oka and Augustine George Masih took note of the submissions of senior advocate Amit Anand Tiwari, appearing for four convicts, that t ...Read More >
New Delhi, January 13 (VOICE) Acting swiftly on the recommendation made by the Supreme Court Collegium, the Centre on Monday cleared the appointment of Patna High Court's Chief Justice Krishnan Vinod Chandran to the apex court. In a post on X, Union Minister for Law and Justice Arjun Ram Meghwal announced that the President, after consultation with the Chief Justice of India (CJI), was pleased to appoint Justice Chandran as a Supreme Court judge. "In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President is pleased to appoint Shri Justice Kri ...Read More >
New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...Read More >
Bhopal: The Gita recitation programme by the Madhya Pradesh government has found a place in the Guinness World Records. "More than 7,200 'acharyas' and 'vatuks' collectively recited the third chapter 'Karma Yoga' on Wednesday, making a record," a statement issued by the government said. The event was parallely organised at Bhopal's Lal Parade Ground and Ujjain to mark the sacred occasion of Gita Jayanti. Chief Minister Mohan Yadav said that the collective recitation of the Gita by thousands of Acharyas in Bhopal and Ujjain has been registered in the 'Guinness Book of World Records'. He con ...Read More >
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion of abetment charges against police officers in Dalit youth suicide case The Kerala state government ...Read More >
Thiruvananthapuram, Dec 17 (PTI) CPI(M) MP and former Kerala Minister K Radhakrishnan on Tuesday attributed the non-availability of an ambulance to transport a tribal woman's body to a failure by lower-level officials and assured appropriate action against those responsible. Radhakrishnan said the state has "sufficient facilities and systems in place" to handle such situations, but incidents like this occur when officials fail allegedly to act promptly. "The state government will intervene effectively in the matter. Appropriate action will be taken against those who failed to perform their d ...Read More >
Chennai: Tamil Nadu Assembly Speaker M Appavu walked out of a meeting of his counterparts in Patna on Monday after accusing Governor R N Ravi of continuing to 'disrespect' the people of the state, elected government and century-old TN Legislative Assembly. Ravi's activities were 'deeply worrying.' he said. Citing the recommendations of the Punchhi, Sarkaria, Rajamannar and Venkatachaliah Commissions, on the appointment of Governors, Appavu argued that the state legislature should be empowered to 'remove' the Governor through a resolution and the wording that the 'Governor shall hold office du ...Read More >
Dehradun: A person, who completes his age of 59 years and 6 months, can now apply for an old age pension on the social welfare department's pension portal. The applicants will start receiving pension from the end of the month in which he completes the age of 60 years following the approval of his application form. This is meant to ensure that the elderly people can get the benefits of old age pension on time. The department launched a campaign to identify the eligible person for the pension According to Secretary, Social Welfare Department, Neeraj Khairwal, his department launched a month-l ...Read More >
Belagavi, Dec 12 (UNI) The Karnataka BJP on Thursday accused the Congress state government of secretly relocating protesters injured during a lathi charge to prevent opposition leaders from meeting them. Speaking to reporters here, Leader of the Opposition R Ashoka said BJP leaders had planned to visit the injured protesters in hospital. However, the victims were moved to an undisclosed location. "This government is acting like Hitler by not allowing us to meet the injured. We don't even know where they have been taken," he said. The lathi charge occurred during a protest by the Panchamasal ...Read More >