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.
New Delhi, Oct 19: India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms. With the auspicious Dhanteras period spread over two days this year -- starting from 12:18 PM on Saturday and extending until 1:51 PM on Sunday -- automakers are capitalising on the extended delivery window to push record volumes. Maruti Suzuki is on track to post its highest-ever Dhanteras sales, with Partho Banerjee, Senior Executive Officer, Marketing & Sales, stated that the company has already delivered 38,500 vehicles and expect to reach 41,000 by end of today. Another 10,000 deliveries are expected tomorrow, taking the total to 51,000 - nearly 10,000 more than last year's 41,500, he added. Banerjee attributed the momentum to the "GST 2.0 magic", noting that customer response since the price reduction announcement has been unprecedented. "Traction is very good. Everyday 14,000 bookings are coming. Since the day we had announced reduced prices, we have received 4.5 lakh bookings & of this 1 lakh is for small car. Retail is 3.25 lakh. It has Broken all records for Maruti Suzuki With a growth of more than 50 per cent over similar period last year. Still a few more days are left," Banerjee added. He also noted that the company's showrooms would remain open late into the night, and production is running even on Dhanteras and Sunday to meet demand amid vehicle shortages across models. Tata Motors Passenger Vehicles Ltd. is also seeing strong traction. Amit Kamat, Chief Commercial Officer, said, ""This year, Dhanteras and Diwali deliveries are spread over two - three days in line with the auspicious mahurats. Overall demand has been robust, and the GST 2.0 reform has further provided positive momentum. We expect to deliver over 25,000 vehicles during this period." Hyundai Motor India is witnessing a similar trend. Tarun Garg, Whole-time Director & COO, said, "This year, Dhanteras deliveries are spread across multiple days because of it being a Saturday. We are witnessing strong customer demand, with deliveries expected to be around 14,000 units approximately 20% higher than last year. The positive momentum is driven by the festive spirit, a buoyant market environment and the encouraging impact of GST 2.0 reforms."
Maruti Dzire Pros And Cons: Maruti Suzuki Dzire, the 4th best-selling car in India to date, has entered its 4th generation with enhanced styling, a youthful design, updated features, and a new Z-series engine. It is priced between Rs 6.79 lakh and Rs 10.14 lakh (introductory, ex-showroom, pan-India). Now, the question is: should you buy the new Maruti Dzire? To answer this, I took the Maruti Dzire for a spin to understand it from the driver's seat and through real-world experience. Based on my experience, here are the top 10 pros and cons of the Maruti Dzire, to help you make an informed decis ...Read More >
Gwalior (Madhya Pradesh): The police have identified one of the suspects involved in the ₹5 lakh robbery from PHE contractor Vinay Anand in Gwalior. The suspect, Manish Yadav, a resident of Katihar, Bihar, was captured in CCTV footage and traced to Agra, Uttar Pradesh. Watch the CCTV clip below :- Authorities are now working with local police in Agra to locate and apprehend him. The Crime Branch has been conducting raids in Bihar to locate the gang members. As, it has also been revealed that the same gang was involved in a similar robbery in Dewas, Madhya Pradesh. The incident According ...Read More >
New Delhi, Dec 12 (PTI) Tata Motors on Thursday said it will increase prices of its trucks and buses portfolio by up to 2 per cent effective January 1, 2025, citing rising input costs. The price increase is to offset the rise in input costs, Tata Motors said in a statement. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of trucks and buses, it added. Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that th ...Read More >
NEW DELHI: Strengthening its commitment to green logistics, Maruti Suzuki India Limited dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, its highest-ever. The major advantage of railways is that it offers a low-emission and energy-efficient mode of transportation. Besides, it also helps to ease road congestion. Maruti Suzuki currently dispatches vehicles to more than 20 hubs using railways, from where over 600 cities across India are served. Port locations of Mundra and Pipavav, used by the Company for exports, are also served using railways. Hisashi Takeuchi, MD-CEO, M ...Read More >
NEW DELHI: Indian equities surged sharply after the Reserve Bank of India (RBI) delivered a larger-than-expected 50 basis points repo rate cut, reducing it to 5.5% in today's Monetary Policy Committee (MPC) meeting. The move, led by Governor Sanjay Malhotra, exceeded market expectations of a modest 25 basis points cut, thus fueling a broad-based rally. The BSE Sensex zoomed by about 800 points to trade above 82,200 level while the NSE Nifty surge more than 250 points to trade around 25,000 level as of 12.15 pm. Stocks in the rate-sensitive sectors like realty, banking, NFBC and auto counters ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
Mumbai, Dec 10 (VOICE) The Indian stock market closed on a muted note on Tuesday after range-bound trading during the session. At closing, Sensex was up 1.59 points at 81,510.05, and Nifty was down 8.95 points at 24,610.05. Meanwhile, the broader market closed on a positive note. On the Bombay Stock Exchange (BSE), 2,025 stocks closed in the green, 1,938 stocks settled in the red, and 130 without change. During the session, midcap and smallcap stocks outperformed largecap. Nifty midcap 100 index was up 136.65 points, or 0.23 per cent, at 59,135, and Nifty smallcap 100 index was up 54.60 poin ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
New Delhi, Jun 6 (PTI) Interest-rate-sensitive stocks were in huge demand on Friday, with the realty index climbing nearly 5 per cent as investors cheered the Reserve Bank's jumbo rate cut of 50 basis points. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external ...Read More >
An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables An Ertiga, its popular multi-purpose vehicle manufactured at its Manesar facility in Haryana, drove Maruti Suzuki India Ltd to new milestone -- two million vehicles manufactured in a calendar year, making India's largest car manufacturer the only company to achieve the feat in the passenger vehicle space. Of the two million vehicles, almost 60 percent were manufactured in Haryana ...Read More >
New Delhi, Jun 26 (PTI) The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday. The initial share sale received bids for 53,77,320 shares, as against 1,33,65,710 shares on offer, as per NSE data. Also Read | Is June 27 Public Holiday in Odisha for Jagannath Puri Rath Yatra? Will Schools and Banks Remain Open or Closed? All You Need To Know. The category for Retail Individual Investors (RIIs) received 69 per cent subscription, while the quota for non-institutional investors got subscribed by 27 per cent. The Qualified Insti ...Read More >
Lucknow (Uttar Pradesh) [India], June 28 (ANI): Chief Minister Yogi Adityanath paid tribute to philanthropist and businessman Bhamashah on his birth anniversary and conferred the Bhamashah Samman to leading traders and businesspersons from across the state who have significantly contributed to Uttar Pradesh's economy by consistently paying high revenue taxes. Speaking on the occasion, he underscored the importance of recognising the business community's role and said, "... Not only in Lucknow but in all districts of the nation, businessmen paying high GST should be facilitated on this day. Bu ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...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 >
New Delhi [India], May 2 : The gross GST collection in April 2023 is an all-time high of Rs ... New Delhi [India], May 2 : The gross GST collection in April 2023 is an all-time high of Rs 1,87,035 crore, Rs 19,495 crore more than the next highest collection of Rs 1,67,540 crore in April 2022. GST revenues for April 2023 are 12 per cent higher than the GST revenues year-on-year. The highest tax collected on a single day ever was Rs 68,228 crore through 9. 8 lakh transactions on April 20, 2023 Of the GST revenue collected in April, CGST is Rs 38,440 crore, SGST is Rs 47,412 crore, IGST is Rs ...Read More >
Lucknow: In the latest of several successive attacks on the opposition over caste politics, Chief Minister Yogi Adityanath on Saturday accused them of resorting to caste divisions for political survival.He said those who "once bowed before the mafia are now trying to divide society along caste lines" and reiterated "batoge toh katoge, ek rahoge toh nek rahoge".Speaking at an event in Lucknow on the eve of the birth anniversary of Bhamashah, a 16th-century philanthropist who aided Maharana Pratap in his fight against the Mughals, also celebrated by the UP govt as Vyapari Kalyan Diwas, the CM ur ...Read More >
Digha: A day after Rath Yatra, the festive fervour continues in Digha as the seaside town is now gearing up to host Ulta Rath or the return journey of the deities from the 'Masir Bari' or the old Jagannath temple. On July 5 -- the Ulta Rath day -- hotels are hoping for fresh tourist influx. Though the deities are currently in Masir Bari, a large queue of devotees visited the newly-constructed Jagannath temple on Saturday. They offered prayers to the stone idol permanently installed there. It is the wooden idols of Jagannath, Balaram and Subhadra that have taken the chairot rides. Bipradash Cha ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses. Additionally, MSMEs are embracing formalization, with 51.7% of the surveyed reporting that they ar ...Read More >
The Hyundai Tucson has received 5-star rating on the Bharat NCAP crash test and has become the first Hyundai SUV to do so. The most premium SUV offered by the South Korean manufacturer joins the Mahindra and Tata SUVs in the list of 5 star SUVs offered in India. The Hyundai Tucson scores 30.84 out of 32 in the adult occupant protection. It has scored 41 out of 49 in the child occupant protection. It received OK in the side pole impact test. The model of Hyundai Tucson that was tested by the Bharat NCAP was the top-spec 2.0-litre petrol-AT Signature variant. The particular variant gets six air ...Read More >
Mumbai (Maharashtra) [India], December 2: Dosti Realty, a leading brand in the real estate sector recognised for delivering exceptional residential experiences and premium lifestyle projects across the Mumbai Metropolitan Region has announced the "Good Buy 2024" campaign for aspiring homeowners. An ideal way to bid farewell to the year, the Dosti Realty campaign is designed to resonate with the spirit of the year-end, inspiring homebuyers to make meaningful investments that shape their future. Also Read | Farmers Protest: Massive Congestion at Delhi-Noida Border as Police Set Up Barricades Ah ...Read More >
Mumbai: The Brihanmumbai Municipal Corporation (BMC), considered the richest civic body in the country, tabled its budget of Rs 74,427 crore for 2025-26 at its headquarters in Mumbai on Tuesday. The additional municipal commissioners presented the budget to BMC commissioner Bhushan Gagrani, the state-appointed administrator. BMC is currently run by an administrator since the term of the corporators ended on March 7, 2022. This is the third year of the budget being presented to the administrator, in deviation from the norm where the municipal commissioner presents the budget to the standing co ...Read More >
New Delhi [India], June 8 (ANI): Haryana Chief Minister Nayab Singh Saini said that with cleanliness and yoga, the country will move towards realising the dream of 'Viksit Bharat' at a fast pace. Preparations for International Yoga Day 2025 have begun with the launch of a cleanliness campaign on May 27, and daily yoga classes are underway for the grand event on June 21. CM Saini said, 'When Prime Minister Narendra Modi proposed the idea of Yoga at the United Nations, 177 countries agreed. Today, Yoga, derived from our land, has reached everyone globally. The Prime Minister has worked to spre ...Read More >
Lucknow: Chief Minister Yogi Adityanath on Saturday directed officials to act against shell companies and fake firms that are deriving undue benefits against the rules.He said that such acts were an attempt to misuse the facilities meant for genuine traders and the matter should be dealt with seriously.The CM, while conducting a high-level review of the state tax department, directed officials to ensure transparency in tax collection and adopt a policy of technological efficiency and strict enforcement. Calling the act of such companies 'unforgivable', Yogi said, "Tax evasion is a national cri ...Read More >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in October 2024 were higher at 159,591 units, indicating a month-on-month decline. In November 2024, Maruti ...Read More >
Pune: Maruti Suzuki, India's biggest car maker, on Friday said it aims to be the largest producer of electric vehicles in the country and make India the export hub over the next one year. The Japanese giant will take on EV market leader Tata Motors, Mahindra and MG Motor in the electric car game in the country. To realize its goals Maruti Suzuki, which unveiled its first electric SUV e-Vitara at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, will introduce a range of six electric vehicle models by 2030. Suzuki Motor Corporation representative Director and President Toshihiro S ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assurances," Majhi said on a day his govt received over 100 investment intents and signed 54 MoUs in various ...Read More >
Delhi : Reinforcing its commitment to Carbon Neutrality and clean energy innovation, Toyota Kirloskar Motor (TKM) today exchanged a Memorandum of Understanding (MoU) with Bengaluru-based Ohmium International, a leading PEM hydrogen technology provider, to co-develop Green Hydrogen-based integrated power solutions in India. This strategic undertaking highlights Toyota's pivotal role in fuel cell technology and advancing Green Hydrogen as the clean fuel of the future. It highlights the company's relentless efforts to foster a robust Hydrogen economy across mobility and stationary applications. ...Read More >