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.
Kochi, Oct 18 (SocialNews.XYZ) Cochin Shipyard Limited (CSL), India's leading shipbuilder under the Ministry of Ports, Shipping and Waterways, marked a significant milestone on Saturday with the simultaneous launch of three state-of-the-art vessels -- an Anti-Submarine Warfare Shallow Water Craft (ASW SWC), a Hybrid Electric Methanol-Ready Commissioning Service Operation Vessel (CSOV), and the country's largest Trailer Suction Hopper Dredger, DCI Dredge Godavari. The triple launch underlines India's growing capabilities in complex shipbuilding, sustainable technology, and offshore engineering. The ASW SWC, built for the Indian Navy, is the sixth in a series of eight vessels designed to replace the Navy's Abhay-class corvettes. Once commissioned as INS Magdala, the 78-meter craft will enhance coastal anti-submarine warfare with advanced underwater sensors, lightweight torpedoes, ASW rockets and mine-laying capability. The launch ceremony was held in the morning in the presence of CSL CMD Madhu S. Nair and senior naval officials. The afternoon session witnessed the launch of India's largest dredger, the 12,000-cubic-metre DCI Dredge Godavari, developed for Dredging Corporation of India in collaboration with Royal IHC, Netherlands. Built on the Beagle platform, the 127-metre vessel will be critical for port development, land reclamation, and maintaining navigable waterways. The project, awarded in 2022 under the Aatmanirbhar Bharat initiative, showcases India's ability to deliver large-scale maritime infrastructure aligned with the Port-led development vision. The third vessel, a 93-metre-long Hybrid Electric Methanol-Ready CSOV, marks CSL's entry into offshore wind support vessels. Equipped with hybrid propulsion, methanol-ready engines, DP2 dynamic positioning and a motion-compensated gangway, the ship will support the construction, operation and maintenance of offshore wind farms while offering high environmental performance and crew comfort. CMD Madhu S. Nair said the triple launch reflects India's transition from a shipbuilding nation to a technology-driven maritime powerhouse. "These projects combine indigenous innovation with global partnerships, advancing both defence readiness and sustainable offshore development," he noted. CSL, one of India's largest shipbuilding and repair facilities, continues to play a pivotal role in defence and commercial shipbuilding. The new launches reaffirm its position as a trusted partner for cutting-edge maritime solutions, aligning with the Maritime India Vision 2030.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...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 >
RAJAMAHENDRAVARAM : Union Minister for Tourism Gajendra Singh Shekhawat on Thursday inaugurated the newly constructed Science Centre at Bommuru, developed at a cost of '15.20 crore. He said the centre would play a vital role in promoting scientific literacy and curiosity through interactive exhibits, educational programmes, and engaging activities. The Minister said science centres and museums are instrumental in developing scientific aptitude, research thinking, and creativity among students. He noted that the Rajamahendravaram centre elevates the city -- already known as AP's cultural capit ...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 >
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. The awards were conferred to honour and recognise bravery, leadership, professional achievement and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...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 >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Indore (Madhya Pradesh) [India] July 8 (ANI): Union Minister for Development of the North Eastern Region (DoNER), Jyotiraditya Scindia, on Monday highlighted the rapid progress being made in India's Northeastern states and reiterated Prime Minister Narendra Modi's 'resolve' to make the Northeastern region the 'growth engine' of India. Interacting with media on Monday in Indore, Scindia said, 'The Prime Minister's resolve is to make the Northeastern region the growth engine of India. The Government of India is working with that same resolve, based on which, whether it be social development or ...Read More >
New Delhi [India], July 9 (ANI): The Keel Laying ceremony of the third Fleet Support Ships (FSS) of the Indian Navy was held at L&T Shipyard, Kattupalli on Wednesday. According to an official press release, the Indian Navy had signed a contract with HSL for the acquisition of Five Fleet Support Ships (FSS) in Aug 2023, with deliveries commencing mid-2027. The release also mentioned that Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition and senior officials from the Indian Navy were also present during this ceremony. Showcasing the strength of public-private partn ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...Read More >
Pune (Maharashtra) [India], June 8 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Sunday inaugurated the new administrative office of Maharashtra Energy Development Agency (MEDA) in Pune. After inaugurating the newly constructed office, CM Fadnavis said, "The Maha Urja building is a prime example of a green architecture. It focuses on energy conservation, and is designed to generate as much energy as it consumes, essentially making it a net-zero energy building." Also Read | Modi Government Celebrates 11 Years of 'Shashkt Nari', Says 'Women Central to India's Growth Story'. He highl ...Read More >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...Read More >
New Delhi/Thiruvananthapuram, June 27: Nearly two weeks after it made an emergency landing at Thiruvananthapuram airport, the UK F-35B Lightning II stealth fighter jet will be moved to the Maintenance Repair and Overhaul facility at the airport as it awaits repairs, the British High Commission stated on Friday. "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 onc ...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 >
Itanagar: Commander Ronie Chowpoo, a native of Namsai district, has made history as the first officer from Arunachal Pradesh to command a frontline Indian naval warship in the Eastern Fleet. This important appointment, announced Saturday, marks a major milestone and is expected to inspire the youth of Arunachal Pradesh. Ready for a challenge? Click here to take our quiz and show off your knowledge! Commander Chowpoo, a first-generation Indian Navy officer, was commissioned into the executive branch of the Navy in 2008. He is a specialist in communication and electronic warfare, having serv ...Read More >
NEW DELHI: The delivery of the indigenously manufactured stealth Frigate Udaygiri to the Indian Navy on Tuesday marked a rare landmark in the history of the Force. Yard 12652 (Udaygiri), the second ship of Project 17A stealth frigate, being built at Mazagon Dock Shipbuilders Limited (MDSL), became the 100th ship to be designed and delivered by the Indian Navy's in-house Warship Design Bureau. The Indian Navy in its statement said, "The Project is a follow-on of the Shivalik class (Project 17) frigates active in service. Udaygiri is the second among the seven P17A frigates under construction ...Read More >
New Delhi [India], July 9 (ANI): The Indian delegation, led by TK Ramachandran, IAS, Secretary, Ministry of Ports, Shipping and Waterways, Government of India, is participating in the 134th session of the Council of the International Maritime Organisation (IMO) in London. On the opening day of the session, India delivered a strong and principled statement addressing recent maritime incidents involving foreign-flagged container vessels operating in Indian waters. These incidents, caused by undeclared hazardous cargoes and structural and stability issues, have raised serious safety concerns. I ...Read More >
Visakhapatnam: Reaffirming India's commitment to strengthen regional maritime connectivity and cooperation across the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region, Visakhapatnam Port Authority (VPA) is going to host the second BIMSTEC Ports Conclave at Novotel on Monday (July 14). Focusing on the theme 'navigating the future: blue economy, innovation and sustainable partnerships', the two-day conclave will bring together ministerial delegations, port authorities, maritime experts, and business leaders from BIMSTEC member countries such as Ban ...Read More >
New Delhi: Indian Navy chief Admiral Dinesh K Tripathi on Sunday (Dec 15) left on a four-day official visit to Indonesia to further consolidate the bilateral defence cooperation between the two countries. His visit, which will conclude on December 18, is in line with the deepening Comprehensive Strategic Partnership, with a focus on enhancing Naval Cooperation. During the visit, Admiral Tripathi will engage in bilateral discussions with top Indonesian Government and defence officials, including Lt Gen Sjafrie Sjamsoeddin (retd), Defence Minister of Indonesia, General Agus Subiyanto, Commander ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Monday announced multiple initiatives by the Government to boost the waterways and maritime sector in the region. With an investment of 5,000 crores earmarked, the Union Government has drawn up major initiatives in this regard, a release from the Ministry of Ports, Shipping and Waterways said. As per the release, over the past 11 years, the Ministry of Ports, Shipping, and Waterways (MoPSW) has transformed India's maritime sector, achieving record growth in cargo handling, capacity, and co ...Read More >
Chennai, Jul 11 (PTI) The Keel Laying ceremony of the third Fleet Support Ships (FSS) for Indian Navy was held at the L&T Shipyard at Kattupalli here on Wednesday. The ceremony was held in the presence of Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition, and senior officials from the Indian Navy, Hindustan Shipyard Ltd HSL and L&T, a PIB (Defence) release on Friday said. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 11, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. It said the Indian Navy had signe ...Read More >
The upcoming iPhone 17 Pro, expected in 2025, may feature significant design and performance upgrades. Leaks suggest a return to aluminium frames, replacing the titanium used in previous models, alongside a revamped rectangular camera module made of aluminium. The Pro models might also sport a hybrid rear panel with aluminium and glass for enhanced durability and aesthetics. Performance upgrades include the A19 Pro chip, built on TSMC's 3nm process, promising faster speeds and better efficiency. Additionally, the iPhone 17 Pro Max could feature 12GB of RAM, marking a first for Apple’s flagship ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check Details. The corporation will provide financial products -- including sho ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...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 >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
NEW DELHI: The Indian Navy on Tuesday commissioned INS Tamal (F71), a multi-role stealth guided missile frigate at the Yantar Shipyard in Kaliningrad, Russia. INS Tamal is the eighth multi-role stealth frigate in the series of Project 1135.6 and the second of the additional follow-on Tushil class of ships. The first ship of Tushil class (INS Tushil) was commissioned on 09 Dec 24 in the presence of the Defence Minister. The Indian Navy in a statement said, "All seven ships inducted thus far are part of the Western Fleet - 'The Sword Arm' of the Indian Navy under the Western Naval Command. Thi ...Read More >
New Delhi [India], July 2 (ANI): The Indian Navy commissioned INS Tamal (F 71) on July 1 at Yantar Shipyard, Kaliningrad, Russia, in the presence of Vice Admiral Sanjay Jasjit Singh, the Flag Officer Commanding-in-Chief, Western Naval Command. According to a release from the Ministry of Defence, V Adm Rajaram Swaminathan, Controller of Warship Production and Acquisition, and VAdm Sergie Lipin, Commander of the Baltic Fleet of the Russian Federation Navy, were also present on the occasion, along with other senior officials from the Indian and Russian Governments, Navies, and industries. Also ...Read More >