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.
In a fresh twist to international trade, Russia is poised to become a major player in the banana market, turning its gaze towards India for imports. The Russian agricultural oversight body, Rosselkhoznadzor, has revealed plans to source anywhere from 300,000 to 500,000 metric tonnes of bananas annually. Russia could import up to half million metric tonnes of bananas from India, the country's phytosanitary watchdog here said. Rosselkhoznadzor --- phytosanitary watchdog which gives the approval f
New Delhi: The Italian luxury couture label shocked the desi fans after they featured at least seven of the 56 runway looks featuring sandals that bear a striking resemblance to traditional Indian Kolhapuri Chappals - without any credit. After facing backlash over it, Prada has finally acknowleged that the footwear pieces featured in its Men's 2026 Spring/Summer show in Milan, were inspired by the traditional Indian handcrafted pieces made in specific districts of Maharashtra and Karnataka. In an exclusive response to NDTV, the Prada Group Press Office mentioned, "At Prada Group, we have alwa ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
Rajamahendravaram: As part of World Environment Day celebrations, a major initiative to plant 4 lakh saplings across the district has been launched, district collector P Prasanthi announced on Thursday. She called on everyone to protect these saplings for the benefit of future generations. The main event was held at the Government Arts College campus in Rajahmundry under the aegis of the Forest Department, where the district collector participated as the chief guest. Chief Conservator of Forests BNN Murthy and other senior officials were also present. Speaking on the occasion, collector Prasa ...Read More >
Dehradun, Jun 6 (PTI) The Centre and Uttarakhand government are committed to making the state a national hub of horticulture, Union Agriculture Minister Shivraj Singh Chouhan said on Friday. Interacting with farmers at a Kisan Chaupal in Pavwala Sauda village under Doiwala block of Dehradun, the agriculture minister said, "The quality of fruits, grains and vegetables grown in Uttarakhand is unique and they have full potential to make a mark at the global level." "The Centre and the state government together will make Uttarakhand a national hub of horticulture," he said. During his visit, the ...Read More >
Dehradun (Uttarakhand) [India], June 6 (ANI): Union Minister Shivraj Singh Chouhan on Friday attended a 'Kisan Chaupal' event at Pav Wala Soda village in the Raipur block of Dehradun, Uttarakhand. The programme was held as part of the 'Developed Agriculture Resolution' campaign aimed at strengthening the agricultural sector in the state. During the event, Chouhan interacted with local farmers and praised the success stories shared by them, especially in the areas of organic farming and coarse grain production. He also showed strong support for promoting Uttarakhand's organic produce at both n ...Read More >
Margao: Goa's fish production peaked at 140.3 tonnes in 2022-23, marking the highest output in eight years, before dropping to 135.7 tonnes in 2023-24.The latest data released by the Union ministry of statistics and programme implementation in the 'EnviStats India 2025: Environment Statistics' report shows that the fishing sector weathered significant challenges over the past decade.From 111.9 tonnes in 2015-16, fish production showed steady growth, peaking at 124 tonnes in 2017-18. However, the industry faced challenges in the subsequent years, declining to 120 tonnes in 2018-19.The worst tim ...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 >
Majuli (Assam) [India], June 28 (ANI): Majuli, the river island district in Assam, has marked a significant milestone as its indigenous organic red bao paddy makes its debut in the global market. In a historic development, the first consignment of this unique variety of rice has been formally exported to countries in Central Asia and Europe, bringing smiles to the faces of Majuli's farming community. Also Read | Long-Awaited Relief for Retired Government Employees? 8th Pay Commission May Reduce Commuted Pension Restoration Period from 15 to 12 Years. The export initiative has been spearhead ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce gr ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu on Thursday held a review meeting at his Undavalli camp office to address procurement and pricing concerns for cocoa, mango, and tobacco crops, reaffirming his government's commitment to supporting farmers. Naidu stressed a farmer-centric approach, directing officials to conduct field visits, anticipate challenges, and ensure global standards in agricultural production. He announced a dedicated cocoa policy to promote high-quality output and enhance farmer awareness. Support for Farmer Producer Organisations (FPOs) and MSMEs to strengthen agro-pr ...Read More >
New Delhi, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been bought by millers and traders at a price that cannot be less than the Minimum Support Price (MSP) paid b ...Read More >
Vice President Jagdeep Dhankhar suggests empowering rural youth to drive change in India's underutilized agricultural sector during his visit to Dr YS Parmar University. He advocates for direct subsidies to farmers, emphasizing the need for bridging the gap between production and market access and the use of AI for rural transformation. Vice President Jagdeep Dhankhar has called for empowering rural youth to catalyze significant transformation in India's largely untapped agricultural sector. Dur ...Read More >
Chittoor: Chittoor MP D Prasad Rao on Saturday underlined the need for strict adherence to the directives issued by Chief Minister N Chandrababu Naidu, whose top priority is the welfare of mango farmers. In a statement, the MP highlighted the importance of implementing the government's measures without deviation. He urged officials to ensure the reopening of mango pulp processing units and facilitate the purchase of Totapuri mangoes directly from farmers to prevent losses. The latter expressed his gratitude to Naidu for announcing a minimum support price (MSP) of Rs.12,000 per tonne for Tot ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs (MEA) on Thursday said that it is keeping a constant watch on developments in India's neighbourhood, especially in light of the recent trilateral meeting involving China, Pakistan, and Bangladesh. Speaking at a press briefing, MEA Spokesperson Randhir Jaiswal said, 'We maintain a constant watch on the developments in our neighbourhood that have a bearing on our interests and our security, our relations with individual countries, while they stand on their own footing, take into account the evolving context as well.' The meetin ...Read More >
New Delhi: India has dispatched its first-ever consignment of rose-scented litchis to Qatar, marking a significant step in its push to expand exports of high-value horticultural produce, the Ministry of Commerce and Industry said on Friday. The shipment, comprising one tonne of the premium litchis from Pathankot, Punjab, was sent to Doha on 23 June, with support from the Agricultural and Processed Food Products Export Development Authority (Apeda). A smaller, half-tonne batch was simultaneously exported to Dubai. The fruit -- known for its delicate floral aroma and juicy sweetness -- has lon ...Read More >
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce grown using natural and organic farming practices. The Chief Minister made these announcements ...Read More >
Agartala, June 29 (SocialNews.XYZ) In a bid to boost the farmers' income, in all 22 foreign improved varieties and 13 indigenous improved varieties of mango are being experimentally cultivated at the Horticulture and Research Centre, at Nagichara in West Tripura, Agriculture and Farmers' Welfare Minister Ratan Lal Nath said on Sunday. Addressing the Monsoon Mango Fiesta-2025 at Narikel Kunj in Gandatwisa under tribal inhabited Dhalai district, the minister said that since the BJP government came to power in 2018, around 706 hectares of new area have been brought under mango cultivation throug ...Read More >
New Delhi, Jun 30 (PTI) India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspe ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
New Delhi [India], June 7 (ANI): As the Prime Minister Narendra Modi-led government completes 11 years of governance, India's agricultural sector has undergone a profound transformation over the years which is rooted in the philosophy of Beej Se Bazaar Tak (seed to market), while also championing inclusivity, supporting small farmers, women-led groups, and allied sectors, while making India a global agricultural leader, said a statement from the Ministry of Agriculture and Farmers Welfare (MoAFW). PM Modi also highlighted today about ensuring prosperity of farmers and also focussing on issues ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...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 >
New Delhi, Jun 26 (PTI) Indian team, headed by chief negotiator Rajesh Agarwal, has reached Washington for the next round of trade talks with his US counterparts, an official said on Thursday. The visit is important as both the countries are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, though there are challenges in areas like agriculture and dairy. "The Indian team is in Washington for two-day trade talks," the official said. Agrawal is special secretary in the department of commerce. The high tariffs, announced by the US on April 2, ...Read More >
New Delhi, Jun 27 (PTI) With US President Donald Trump announcing that a "very big" trade deal is on the cards with India, the Congress on Friday took a swipe at the government and said it seems that India gets to know decisions of great importance to it from the White House. The opposition party's swipe at the government came after President Donald Trump said a "very big" trade deal is on the cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. "We are having some great deals. We have one coming u ...Read More >
New Delhi, June 27 (UNI) In a significant boost to horticultural exports, India flagged-off the first consignment of one metric tonne of rose-scented litchi from Pathankot, to Doha, Qatar. Additionally, a separate consignment of 0.5 metric tonne of litchi was also exported to Dubai, UAE from Pathankot, marking a twin export achievement and India's growing presence in the global fresh fruit market, an official statement said. The initiative was facilitated by Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry in association ...Read More >