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.
BENGALURU: Rural Development and Panchayat Raj and Information and Biotechnology Minister Priyank Kharge here on Saturday said that permission has been given to issue e-asset certificates against 95,75,935 properties by amending the Karnataka Gram Swaraj and Panchayat Raj Act, 1993, as No Objection (NOC) licence, taxes, fees and rates within the Gram Panchayat have been fixed. According to the rules, technical changes will be made in the software within a fortnight and facilities will be provided to the rural people as the tax accounting process has been simplified, and the time limit for issuing the e-asset form has been reduced from 45 days to 15 days, he said. He said that if the authorities do not give approval within the specified period, automatic approval is allowed. The initiative is stemmed from the announcement in the State Budget 2025-26, that "E-Swattu Abhiyan will be started to distribute certificates to the properties with all necessary documents," for the purpose of strengthening the Panchayat Raj system. The e-Swathu Abhiyan will be carried out in Gram Panchayats and the draft copies of all properties of the Gram Panchayat will be provided to the public through software to correct the information of their properties, he said. Any person aggrieved by the determination, collection or imposition of taxes, rates or charges is allowed to file an appeal first to the Deputy Secretary (Development). Opportunity will be given to submit a second appeal to the Chief Executive Officers of the Zilla Panchayats, he clarified.
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 >
Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) signed a Memorandum of Understanding with Young India Skill University (YISU) to enhance aviation skill development for the youth of Telangana. The partnership will provide various aviation training programs and certifications, specially designed to strengthen workforce skills and meet the growing demands of the aviation industry. The YISU is an initiative by Telangana Telangana aimed at addressing skills and employability gap within the state and nation. This futuristic initiative aligns with the state's strategic vision to stren ...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 >
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 >
The Election Commission introduces new rules for voter enrollment. Voters enrolled after 2003-04 must now provide proof of citizenship. This includes a self-attested declaration and supporting documents. The move aims to remove illegal immigrants from the electoral roll. Bihar will be the first state to implement the special intensive revision. Other states will follow soon.In a move to identify and remove illegal immigrants wrongly included in the electoral rolls, the Election Commission has man ...Read More >
New Delhi: The Centre has asked the states and union territories to make any proposed changes in the boundaries of administrative jurisdictions before December 31, 2025, when they will freeze for the Census-2027 exercise and the first phase of the decadal population count will begin on April 1 next year, according to a communication sent by the registrar general and census commissioner of India, Mritunjay Kumar Narayan, on June 27. The freezing means the states/UTs won't be able to change the boundaries of districts, towns, villages and tehsils post December 31. The Census can be conducted on ...Read More >
Bengaluru (Karnataka) [India], May 27 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Tuesday said that the State government will take action against BJP MLC N Ravikumar for his derogatory comments against Kalaburagi Deputy Commissioner. Shivakumar said that many IAS officers had met him on this issue, and they were all enraged by the BJP MLC's comments. 'Since morning, more than half a dozen IAS officers have met me. They are all in a very agitated mood. The law will take its course. The government will take action,' Shivakumar told ANI. He wanted the BJP leadership to react to the ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu has directed the officials to develop 'Visakha Economic Region' as the growth engine of Andhra Pradesh, with an aim to transforming it into a USD 120 billion economic region by 2032. He emphasised the need to develop Visakhapatnam on the lines of Mumbai in the next seven years. The Economic Region consists of eight districts including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, ASR, and Manyam. The Chief Minister instructed officials to develop projects that would boost economic activity across this eight-distri ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...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 >
To boost agroforestry and double farmers' income, the Centre has introduced model rules for tree felling on agricultural land. These rules aim to simplify permissions, promote sustainable land use, and align with climate goals. By registering on the National Timber Management System (NTMS), farmers can gain transparency and access better market prices for their timber, including international markets.The Centre has issued model rules for the felling of trees on agricultural land in a bid to promo ...Read More >
Mumbai: Dr Reddy's Laboratories has entered into a collaboration with Reykjavik, Ireland-based biotech company Alvotech to co-develop, manufacture and commercialise a biosimilar version of blockbuster cancer drug Keytruda for the global markets. Keytruda (generic name is pembrolizumab), manufactured and marketed by Merck & Co, is the most successful medicine, recording worldwide sales of $29.5 billion in 2024. It is used to treat multiple forms of cancer. Under the terms of the agreement, both companies will be jointly responsible for developing and manufacturing the biosimilar candidate and ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Two top Karnataka State Cricket Association (KSCA) officials -- secretary A Shankar and treasurer ES Jairam -- resigned from their posts during an emergency managing committee meeting held on Saturday, accepting 'moral responsibility' for stampede near M Chinnaswamy Stadium in Bengaluru. The incident occurred during celebrations following Royal Challengers Bengaluru's (RCB) maiden IPL title win and claimed 11 lives and left dozens injured. KSCA President Raghuram Bhat confirmed the development, saying that the resignations were discussed and accep ...Read More >
The Congress party plans to increase efforts to restore statehood in Jammu and Kashmir, criticizing the BJP-led central government for delays. Syed Naseer Hussain emphasizes grassroots strengthening ahead of elections, urging continued efforts for representation and readiness for overdue local polls. Amid growing political tensions, the Congress party is set to escalate its campaign for the restoration of statehood to Jammu and Kashmir. In a pointed critique of the BJP-led government, Syed Nasee ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu on Friday unveiled an ambitious vision to position Andhra Pradesh as a global destination of tourism, emphasising its role as an engine for economic growth, employment generation, and cultural promotion. Addressing industry leaders, policymakers, and stakeholders at a tourism conclave here, the Chief Minister said his goal is to make Andhra Pradesh a wealthy, healthy, and happy state. "Andhra Pradesh will be the future destination for wellness and happiness. My goal is a wealthy, healthy, happy Andhra Pradesh - that is the goal I have set," h ...Read More >
Dehradun: The Uttarakhand State Election Commission (SEC), on June 21, issued a notification for the three-tier panchayat elections in 12 districts except Haridwar. Polls would be held in two phases, and the district election officers will issue notifications on June 30. The first phase will be conducted on July 24, followed by the second phase on July 28. The counting for all phases will be conducted by July 31. Earlier, the Uttarakhand High Court had stayed the panchayat elections in the state on June 23, at a time when it had already been notified by the SEC. Elections will be held in 89 ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
Dehradun (Uttarakhand) [India], June 28 (ANI): The State Election Commission in Uttarakhand on Saturday issued a notification regarding the conduct of panchayat elections in 12 districts of the state, except Haridwar. The notification signed by Sushil Kumar, Uttarakhand State Election Commissioner, comes after the Nainital High Court on Friday permitted the continuation of the panchayat election process, lifting its earlier stay order issued on June 23. Also Read | Parag Jain Set To Take Charge As New RAW Chief on July 1, Succeeds Ravi Sinha. According to the notification, the three-tier pa ...Read More >
Ahmedabad (Gujarat) [India], June 30 (ANI): Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. According to the Adani group, this accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To Buy ByteDance-Owned App, I ...Read More >
PwDs nominees to receive same benefits as elected councillors Tamil Nadu Governor RN Ravi has granted assent to bills that empower the state government to nominate persons with disabilities (PwDs) to positions in the municipal administration and rural development departments. Chief Minister MK Stalin took a dig at Ravi while acknowledging the governor's decision. "The Governor has approved the bill for disabled people today ... It was expected as we passed it in the legislative resolution. Mayb ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
NCP (SP) leader Supriya Sule is consulting experts on Electronic Voting Machines (EVMs) following Maharashtra's assembly poll results. The opposition questions EVM credibility after the Mahayuti coalition's significant win. Sule advocates for ballot papers, citing other countries' adoption, and will announce a final decision soon.NCP (SP) leader Supriya Sule on Saturday said the opinion of experts is being sought over the "EVM issue" in the wake of the Maharashtra assembly polls' mandate as she b ...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, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >