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.
Pathikonda (Kurnool district): Anti-Corruption Bureau (ACB) personnel caught Rural Water Supply (RWS) assistant engineer Naresh of Tuggali mandal red-handed while accepting a bribe of Rs 13,000 at the RWS division office in Pattikonda on Saturday. The official had allegedly demanded the bribe for clearing a bill file related to gravel road work in an SC colony. Acting on a complaint, ACB sleuths laid a trap and apprehended the AE while taking the bribe. According to officials, the accused offic
The business reported a 45 per cent increase in net profit to Rs 775 crore on Tuesday for the July-September quarter over the same period last year due to higher revenues. Siemans India Shares zoomed more than 5 per cent on NSE (National Stock Exchange), after the company declared their quarterly earnings for July September quarter, which revealed their PAT (profit after tax) jumped 45 per cent. The siemens share price touched intraday high of Rs 7,622.95 per share on NSE (National Stock Exchange), after hitting the opening bell at Rs 7,499.00 which considerable surge of 3.5 per cent amounit ...Read More >
Bhubaneswar: The Vigilance department arrested a junior clerk on Tuesday, a day after she was caught accepting a bribe of Rs 20,000 at the office of the Sub Registrar here. The woman, the junior clerk in the office of the Sub-Registrar of Khandagiri in Bhubaneswar, has been placed under arrest by the Odisha Vigilance department and will be forwarded to the court. "She was arrested for demanding and accepting a bribe of Rs 20,000 from a person for the execution of a registered sale deed (RSD) of subplot," an official statement said. She was detained on Monday and arrested on Tuesday. A case wa ...Read More >
Mumbai: The Central Bureau of Investigation (CBI) has arrested a junior engineer working in the office of the Assistant Garrison Engineer (AGE) at the Naval Officers Family Residential Area (NOFRA), in Navy Nagararea of Colaba, for demanding and accepting a bribe of Rs 4.5 lakh from a contractor to clear a pending bill of Rs 40 lakh. About The Case The accused Dinesh Pandey was caught red-handed while accepting the bribe in the presence of AGE RS Thakur. The bribe amount was later recovered from a cupboard in Thakur's chamber. Pandey was produced before a special CBI court and remanded to cu ...Read More >
Bengaluru: The high court has refused to quash proceedings in a rare "reverse trap" bribery case, where a govt officer was caught allegedly returning a bribe to the complainant.Justice M Nagaprasanna dismissed the petition filed by AB Vijaya Kumar, former special land acquisition officer-II of the Karnataka Industrial Areas Development Board (KIADB) and currently a joint director in the department of municipal administration.The case pertains to a complaint filed by one Bhagath Singh Arun, who alleged that Vijaya Kumar demanded Rs 5 lakh to issue a no-objection certificate (NOC) in connection ...Read More >
Chandigarh, June 26 (UNI) The Shiromani Akali Dal today accused Punjab's Aam Aadmi Party (AAP) government of "violating the law" by registering a disproportionate assets case against senior SAD leader Bikram Singh Majithia without holding either a preliminary or regular probe. The SAD also charged the ruling AAP with indulging in "political vendetta to gag" Majithia as well as divert attention from the failure of its 'Yudh Nashean Virudh' drive. Addressing a press conference here, senior leaders Balwinder Singh Bhundar, Maheshinder Singh Grewal and Daljit Singh Cheema alleged the AAP governm ...Read More >
SRINAGAR, Jun 27: The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Friday filed a chargesheet before the Court of Additional Judge Anti-Corruption, Kashmir, against two persons in a bribery case involving a ₹9,000 demand for land record processing. "Jammu and Kashmir Anti Corruption Bureau has filed a charge- sheet under Section 173 Cr.P.C. before the Hon'ble Court of Addl. Judge Anti-Corruption, Kashmir in Case FIR No. 15/2022, against the following accused persons: Jamil Hussain Khan, then Patwari Halqa Baghat-e-shoor, Owanta Bhawan, Soura, Tehsil Eidgah - Charged under Section 7 of th ...Read More >
Srinagar, Jul 1 (PTI) A District Development Council member was caught red-handed by the Jammu and Kashmir Anti-Corruption Bureau (ACB) on Tuesday while accepting a bribe of Rs 50,000, an official spokesperson said. The accused District Development Council (DDC) member was identified as Mohammad Shaban Chopan, a resident of Dara Harwan here. The ACB spokesperson said the anti-graft body received a complaint from a man running a scholar boarding school along with a swimming pool and a guest house in Check Dara, Harwan here. He said an official inspection was conducted at the site and the com ...Read More >
New Delhi, Jul 3 (PTI) HDFC Bank CEO and MD Sashidhar Jagdishan on Thursday moved the Supreme Court challenging an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. Senior advocate Mukul Rohatgi, appearing for Jagdishan, mentioned the matter for urgent listing before a bench of Justices M M Sundresh and K Vinod Chandran. The bench said the matter would be listed for hearing on Friday. "This is an urgent matter. I request for listing tomorrow on behalf of the HDFC bank and ...Read More >
Mumbai, Jun 6 (PTI) A special CBI court on Friday remanded a junior engineer at Garrison Engineer office in Mumbai's Navy Nagar to police custody till June 9 in a bribery case. Dinesh Pandey was arrested by the Central Bureau of Investigation on Thursday for allegedly accepting a bribe of Rs 4.5 lakh from a contractor to clear a building repair bill. The CBI told court Pandey was caught red-handed and the bribe amount of Rs 3.4 lakh was recovered from a cupboard in his office in Naval Officers Family Residential Area (NOFRA) here. The CBI sought five-day custody of Pandey citing the need to ...Read More >
Mumbai, Jun 26 (PTI) Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
Jammu, June 30: Anti-Corruption Bureau has trapped and arrested Liaquat Ali, Patwari, Halqa Thuthay Chak, Hiranagar, District Kathua, for demanding and accepting bribe of Rs 30,000. Officials revealed that ACB received a complaint alleging therein that a public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of ₹1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused ...Read More >
Srinagar, July 01: The Anti-Corruption Bureau (ACB) Srinagar has registered a formal case against sitting District Development Council (DDC) Member and his associate Ghulam Mohammad Khathana for allegedly demanding a bribe of ₹5 lakh in exchange for arranging official NOCs for a local school. In a statement, ACB, Srinagar has registered a case FIR No. 12/2025 under Section 7 of the Prevention of Corruption Act, 1988 (as amended 2018), section 61(2) BNS against a sitting District Development Council (DDC) Member Mohammad Shaban Chopan, S/o Ghulam Qadir Chopan, R/o Dara Harwan, and his Tout Ghu ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interes ...Read More >
CHENNAI: Planning to build your dream home? Be prepared to shell out a hefty sum just to get a temporary electricity connection, followed by high bimonthly power bills. Besides rising construction material costs, those constructing individual houses are feeling the pinch from steep electricity charges. In the last four years alone, the cost of availing a temporary power connection has nearly doubled due to repeated hikes in miscellaneous charges, the latest of which came into effect on July 1. A consumer now has to pay Rs 220 as registration-cum-application fee, while the development charges ...Read More >
Bigg Boss 18: Shilpa Shirodkar is termed 'biggest backstabber' after Vivian Dsena... Deepak Kalal fights with passenger in flight? Know the truth behind viral video Delhi court fixes Nov 28 for hearing former CM Arvind Kejriwal's plea over sanction copy in... Where will the Champions Trophy 2025 be played? ICC to take final call on THIS date Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan recalls telling Amitabh Bachchan he made 'big mistake' by... Deepinder Goyal's Zomato opens Rs 8500 crore QIP share sale, sets floor price at Rs... Delhi Capitals co-owner pens emotional fare ...Read More >
Bengaluru, Dec 15 (VOICE) Former Minority Commission Chairman Anwar Manipaddy on Sunday refuted the bribery charge levelled by Chief Minister Siddaramaiah, saying the Congress leaders have been offering him bribes to suppress the Waqf encroachment report. CM Siddaramaiah on Saturday alleged that BJP state president B.Y. Vijayendra "tried to bribe" the former Minority Commission Chairperson during the previous government with Rs 150 crore to suppress a probe into the Waqf property encroachment. Speaking to the media, Anwar Manipaddy stated that if Chief Minister Siddaramaiah has any genuine co ...Read More >
New Delhi, Jun 8 (PTI) A Kerala businessman, who recently levelled corruption charges against an ED officer posted in the state, has recorded his statement with the central agency where he is understood to have denied knowing or having any evidence against the said investigator, official sources said Sunday. The businessman, Aneesh Babu, deposed before the Enforcement Directorate in Delhi on June 6 and his statement was recorded under audio-visual camera by the agency as per the provisions of section 50 of the Prevention of Money Laundering Act (PMLA). Such a statement made under the anti-mo ...Read More >
JAMMU: Anti-Corruption Bureau (ACB) on Monday trapped and arrested a Patwari of Halqa Thuthay Chak, Hiranagar, Kathua for demanding and accepting a bribe of Rs 30,000. "Anti-Corruption Bureau received a complaint alleging therein that public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak, Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of Rs 1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused has agreed to tak ...Read More >
Lucknow: Central Bureau of Investigation (CBI) apprehended Rehmat Ali, a recovery agent with Prathma UP Gramin Bank in Rampur, for allegedly demanding and accepting a bribe of Rs 20,000 from a complainant.According to officials, CBI registered case on Jun 4, against Ali and unknown public servants based on allegations that the accused demanded illegal gratification to facilitate the processing of a Rs 4 lakh insurance claim. Ali reportedly assured the complainant that he could influence the bank's branch manager to expedite the claim in return for the bribe. Following verification of the compl ...Read More >
Hyderabad: Efforts of ACB officials to weed out corrupt officials are being affected by bureaucratic delays, in some cases influenced by the accused officials, resulting in delayed prosecution and justice. The conviction rate in the cases involving bribery and disproportionate assets, registered by the Anti-Corruption Bureau (ACB), is low because of the delayed clearances from the vigilance and enforcement for prosecution, and the department concerned. Director-general Vijay Kumar said the ACB had registered 152 cases and arrested 223 accused in 2024. Of these, 129 were trap cases involving ...Read More >
The agency has now moved a fresh plea for their remand in the court, saying the duo need to be interrogated about alleged involvement of other senior officials of NCLT in the bribery case. The CBI has approached a city court seeking custody of deputy registrar of the National Company Law Tribunal (NCLT), Mumbai bench, arrested for allegedly demanding and accepting a bribe of Rs 3 lakh from a businessman for helping to favourably settle ownership dispute of a hotel. The CBI on May 29 arrested de ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Chandigarh, Jul 1 (PTI) The Punjab Vigilance Bureau on Tuesday arrested a head constable while accepting a bribe of Rs 1 lakh, officials said. The head constable, Raj Kumar, was posted as personal security officer (PSO) with Bhucho DSP in Bathinda district, they said. An official spokesperson said Raj Kumar has been arrested following a complaint filed by a resident of Kalyan Sukha village in Nathana tehsil. The complainant approached the Bureau alleging that due to a dispute over agricultural land, the other group got registered a false case against her husband and both her sons at police ...Read More >
JAMMU, June 5: The Anti-Corruption Bureau (ACB) today arrested a Deputy Forester and a Forest Guard red-handed for demanding and accepting a bribe of Rs 11,000 from a complainant in the Kalidhar Range of Chowki Choura Block. An ACB official said the officials-Surinder Kumar, then posted as Deputy Forester, and Kewal Krishan, then Forest Guard-had demanded a total bribe of Rs 14,000 for the release of an additional CDR related to the construction of 126 boundary pillars in Compartment number 12/K, Nada Chargiyal Forest. According to him, the work had been allotted under e-NIT number 27 of 202 ...Read More >
Government official caught taking Rs 1.5 lakh bribeLokayukta police laid trap after complaintSurvey supervisor arrested, probe on A senior official of the Karnataka Industrial Areas Development Board (KIADB) was caught red-handed on Friday for allegedly accepting a bribe of Rs 1.5 lakh, officials confirmed. The accused, Narendra Kumar (51), who serves as a survey supervisor at KIADB Bengaluru, was arrested following a trap laid by Lokayukta police. The investigation was initiated after a compl ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Mumbai: Yet another Bombay high court judge on Thursday declined to hear HDFC Bank MD and CEO Sashidhar Jagdishan's petition to quash an FIR registered against him on a complaint by a trust that manages Lilavati Hospital.Lilavati Kirtilal Mehta Medical Trust accused Jagdishan of accepting over Rs 2 crore bribe to aid a rival group to retain legal control over the trust. Following a magistrate's order on the trust's complaint, Bandra police on May 31 registered an FIR against Jagdishan for cheating and criminal breach of trust by a banker.When the matter came up before Justices Mahesh Sonak and ...Read More >
Rajasthan Anti-Corruption Bureau (ACB) found ₹9.35 lakhs cash in Jhalawar Additional Superintendent of Police (ASP) Jagram Meena's vehicle at Shivdaspura Toll, Jaipur. A statement by the Rajasthan ACB said that on the orders of the Rajasthan ACB Headquarters, a vehicle of Jhalawar Additional SP Jagram Meena was checked by the ACB team at Shivdaspura Toll. ₹9.35 Lakhs were found in his vehicle in the surprise check. More details are awaited in the case. Meanwhile, according to a press release by the Rajasthan ACB, in Sawai Madhopur, Senior Assistant of the Tehsil Office, Gangapur City, Jai S ...Read More >