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.
Pune: The Pune Municipal Corporation (PMC) on Saturday suspended three employees and transferred an assistant commissioner-rank officer, citing poor sanitation, garbage-strewn roads and inadequate cleanliness measures, officials said. PMC Commissioner Naval Kishore Ram said the action was taken after he inspected the Shewalwadi and Manjari areas of the city. PMC Commissioner Naval Kishore Ram's Statement "During my visit, the locals complained of various civic issues. I found that the drainage chambers were open and posed dangers to commuters and motorists, besides health hazards. Overall, cleanliness arrangements were also not up to the mark. Besides sanitation, the road condition in the area was also deplorable as there were potholes on the road," Ram told PTI. As part of immediate action, Balasaheb Dhawale Patil, assistant commissioner of the Hadapsar ward office, was transferred, and Executive Engineer Ravi Khandare was appointed in his place, said the civic chief. "Additionally, a junior engineer from the drainage department, a health inspector from the solid waste management department, and a mukadam were suspended for unsatisfactory performance," he said. During an inspection in Wagholi under the Nagar Road ward office two days ago, Ram had transferred Assistant Commissioner Sheetal Wakde, Deputy Engineer Vinayak Shinde and PMC employee Ganesh Puram over inaction related to drainage and encroachment issues. "The administration must work efficiently, and any sort of dereliction of duty will not be tolerated. Action will be taken against encroachments, and officials must respond promptly to citizens' complaints. Strict action will follow if employees continue to show laxity," he said.
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) 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 approximate ...Read More >
THIRUVANANTHAPURAM: The museum police have arrested three caretakers of the Child Welfare Committee (CWC) for allegedly injuring a two-and-a-half-year-old child. The accused -- Ajitha, Maheswari, and Sindhu were taken into custody on Tuesday under the POCSO Act and relevant sections of the BNS. The incident reportedly happened when the child was hurt in the genital area as a punishment for urinating on the bed. The injury came to light when the child was being bathed. On noticing it, CWC General ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
Bengaluru, Jun 5 (PTI) Karnataka Chief Minister Siddaramaiah on Thursday ordered the suspension of Bengaluru police commissioner and several senior police officials in connection with the stampede in front of Chinnaswamy Stadium here, which left 11 people dead. He has also ordered the arrest of representatives of RCB, DNA event managers and Karnataka State Cricket Association (KSCA), while handing over the probe to the one-man judicial commission headed by retired High Court judge of Karnataka Justice Michael Cunha. The stampede occurred on Wednesday evening in front of the stadium, where a ...Read More >
New Delhi, Jun 7 (PTI) Cracking down the whip on overage wrestlers competing at junior level, the Wrestling Federation of India (WFI) has handed temporary suspension to 30 of them in the past month after investigating more than 400 such cases. The WFI acted on complaints, largely from coaches and wrestlers from the Delhi 'Akharas' that many wrestlers from Haryana have procured fake certificates to show they were born in the national capital and are eligible to compete at junior level. Much to the exasperation of WFI, two overage wrestlers even won medals at the recent Khelo India Games in Bi ...Read More >
New Delhi [India], June 8 (ANI): Delhi Chief Minister Rekha Gupta on Sunday refuted the rumours regarding slum demolitions and said that no slum would be demolished without first providing permanent housing to its residents. FIRs will be filed, and strict action will be taken against those spreading false information about demolitions, she added. She inaugurated and inspected various development projects in Nehru Camp in Haiderpur, Ekta Camp in Pitampura, and the area near U and V Blocks of JJ Cluster in the Shalimar Bagh Assembly constituency. The Chief Minister also reviewed key works, su ...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 >
ALSO READ: Lucknow Shocker: 3-Year-Old Girl, Sleeping Under Metro Station, Raped In Alambagh Area; Her Condition Critical Ashish Srivastav, the Deputy Commissioner of Police (DCP) of Central Lucknow, who visited the crime scene on Wednesday night itself, identified the accused as Deepak Verma. While talking to the news agency ANI, DCP Srivastava said, " On the morning of June 5, at 10 am, a complaint was registered that a 2.5 year old girl had been raped... A case was registered and five teams were formed... As per the CCTV footage of the scooter, the accused was identified as Deepak Verma... ...Read More >
Bengaluru, Jun 6 (PTI) Karnataka BJP general secretary P Rajeev on Friday said he has filed a police complaint seeking legal action against Chief Minister Siddaramaiah, his deputy D K Shivakumar and Home Minister G Parameshwara for the June 4 stampede that killed 11 people. The stampede occurred on Wednesday evening in front of the Chinnaswamy stadium here, where a large number of people thronged to participate in the RCB team's IPL victory celebrations. Eleven people died and 56 were injured in the incident. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over St ...Read More >
Mumbai, Jun 6 (PTI) The first 'Chhatrapati Shivaji Maharaj Circuit Train Tour' has received overwhelming response as all the seats have been booked ahead of the scheduled departure on June 9, the Indian Railway Catering and Tourism Corporation Limited said on Friday. In a release, IRCTC, a 'Navratna' PSU under the railway ministry, said all 710 seats have been booked in 11 coaches. These comprise 480 in the Economy (Sleeper) category, 190 in Comfort (3AC) and 40 in Superior (2AC), indicating strong interest across travel classes, it added. IRCTC in collaboration with Maharashtra government ...Read More >
Over 331,000 devotees have already registered for the Amarnath Yatra, commencing on July 3 and concluding on August 9, 2025. Lieutenant Governor Manoj Sinha chaired a meeting to review preparations, focusing on essential amenities and safety measures along the Pahalgam and Baltal routes. The board discussed enhancing facilities, lodging, and services for a hassle-free pilgrimage. SRINAGAR: More than 3,31,000 devotees have registered so far for this year's Amarnath Yatra, which is set to begin on ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...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 >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...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 >
New Delhi, Jun 7 (PTI) A 25-year-old man was apprehended on Saturday for allegedly giving a death threat to Delhi Chief Minister Rekha Gupta, police said. Though he has been identified as Shlok Tiwari, a police source said the accused is a fraudster and frequently changes his identity. He was arrested by the Delhi Police and is being interrogated in the office of the force's Special Cell in northwest Delhi, an official said. The accused made the threat on the emergency helpline 112 in neighbouring Ghaziabad in Uttar Pradesh on the intervening night of Thursday and Friday. The Ghaziabad pol ...Read More >
New Delhi, Feb 3 (PTI) The BJP on Monday assailed the AAP government over water "crisis" in south west Delhi's Bijwasan, highlighting the water pipes being supplied to the homes of the locals through electric poles and influence of water mafia in the area. BJP national spokesperson Sambit Patra during his visit to Bijwasan said there was severe water crisis in the area and the tangled web of pipes of water on the electricity poles expose the 10 year "misrule" of the AAP. "I have travelled across India and many cities around the world but this sight of water flowing through pipes hanging from ...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 7 (PTI) The Delhi Police has stepped up security arrangements across the national capital to maintain law and order and ensure peaceful celebration of Eid ul-Azha on Saturday, an official said. To maintain law and order during festivities, elaborate deployments have been made in sensitive areas, with the Rapid Action Force (RAF), paramilitary forces, and local police teams mobilised. Multiple check posts have been set up across Delhi, and electronic surveillance has been intensified to monitor suspicious activity. A senior police officer said, "Strict vigilance is being maint ...Read More >
Thrissur(Kerala), Jun 7 (PTI) Union Minister Suresh Gopi on Saturday visited Malayalam actor Shine Tom Chacko and his mother who were admitted to a private hospital here after sustaining injuries in a car accident a day ago near Dharmapuri in Tamil Nadu, in which the actor's father died. The Union Minister of State for Petroleum, Natural Gas and Tourism told reporters that Chacko has a fracture in his left arm that requires surgery and his mother has a minor crack on her hip. He said that the actor has decided to undergo the surgery after the funeral of his father which is likely to be held ...Read More >
Mumbai, June 8 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Sunday debunked all allegations made by Congress leader Rahul Gandhi about rigging and match-fixing in the 2024 Maharashtra Assembly elections. In his articles titled 'Those Rejected by the People Deny the Mandate', published in the same three newspapers where Gandhi's write-ups appeared, CM Fadnavis advised the Congress MP to "accept defeat, introspect on where you went wrong, why your connect with the people is lacking, and what needs to be done." He taunted Gandhi, saying that the latter was preparing excuses for "defeats ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Mysuru/Bengaluru, Jun 8 (PTI) Karnataka Chief Minister Siddaramaiah on Sunday defended the decision to go ahead with the RCB victory celebration in front of Vidhana Soudha, saying no untoward incident happened there. The CM's reaction came to the DCP (Vidhana Soudha security) letter written before the event warning against holding felicitations at Vidhana Soudha "hastily", surfaced now. The CM, however, clarified that the event at Vidhana Soudha was organised by the Karnataka State Cricket Association (KSCA), and that he attended the programme as he was invited. On June 4, along with a feli ...Read More >
New Delhi, Jun 5 (PTI) Sixteen top Maoist commanders are on the radar of the security forces as part of their operational strategy to eliminate Left Wing Extremism (LWE) from the country by March 2026, official sources said. The forces on Thursday killed 67-year-old Narasimha Chalam alias Sudhakar, a member of the Maoists' Central Committee, the topmost governing body of the outlawed CPI (Maoist), in the forests of Bijapur district in Chhattisgarh. This came a fortnight after CPI (Maoist) general secretary Nambala Keshav Rao alias Basavaraju (70) was neutralised by the security forces in the ...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 >