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.
Amaravati/Hyderabad, Oct 22 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu began a three-day tour of UAE on Wednesday to woo investments and invite industrialists to the forthcoming CII Partnership Summit in Vizag on November 14 and 15, an official source said. Chief minister left Amaravati for Hyderabad on Wednesday morning and took off for the United Arab Emirates (UAE) from there. "The Chief Minister embarked on a three-day visit to UAE," said a press release. The southern state is inviting industrialists overseas and foreign government officials for the summit. As part of this effort, CM is visiting UAE for three days to meet a number of industrialists and invite them for the summit, the release added. Naidu is expected to meet the representatives of five organisations on Wednesday, followed by a roadshow for the summit. CM will also visit Dubai Future Museum. On the first day of his tour, Naidu is scheduled to meet industry leaders, including PNC Menon of Sobha Group, Sharafuddin Sharaf (Saharaf), and Ramesh Ramakrishna (Transworld Group) to discuss the topics of infrastructure, logistics, ports, and IT development in Andhra Pradesh. On October 23, he is expected to visit BAPS Mandir with UAE Minister of Investments Alsuwaidi and take part in a business roundtable. He is scheduled to meet Nasser Al Muhairi from ADNOC, Mansoor Al Mansoori of G42 International, Yusuf Ali of Lulu Group, Salmeen Alameri of Agthia Group, and Binance's CMO Rachel. On the final day, he will visit YAS Island attractions such as Ferrari World, Yas Waterworld, Warner Bros World Abu Dhabi and Sea World. CM will also meet Thani Bin Ahmed AI Zeyoudi, Minister for Foreign Trade and Abdulla Bin Touq Almarri, Minister of Economy. The CM will conclude the trip by participating in Emirates Business Roundtable and a Telugu Diaspora event organised by Andhra Pradesh Non-Resident Telugu Society (APNRTS). PTI STH ADB
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
The annual 'Kartheeka Brahmotsavams' began at the temple of Goddess Sri Padmavati Ammavaru at Tiruchanur here on November 28 (Thursday). Priests hoisted the 'Dhwajapatam', the sacred flag bearing the imprint of the divine elephant (the celestial carrier of Goddess Padmavati), atop the temple flag post as part of the 'Dhwajarohanam' ceremony, which signalled the formal launch of the nine-day fete. Under the guidance of the 'Pancharatra Agama' adviser Manikantha Swamy, the officiating priest (Kankana Bhattar), K. Srinivasacharyulu, and priest Babu Swamy conducted the rituals. Executive Office ...Read More >
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
Mumbai, Dec 12 (PTI) Malayalam superstar Mohanlal says he will definitely come and work in Hindi movies if filmmakers in Bollywood offer him roles. One of the most influential Malayalam cinema stars, Mohanlal has been part of over 300 films, including all time hits such as "Manichitrathazhu", "Kireedam", "Bharatham", "Drishyam" and "Pulimurugan". "I have done a couple of Hindi films also. But now most of my other films are dubbed into Hindi. When somebody calls me for a role I'll definitely come and work. I don't mind. I don't have a choice. As actors we don't have a choice. Let it come. Let ...Read More >
Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...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 >
Khargone (MP), Dec 11 (PTI) Spiritual leader Sant Siyaram Baba passed away on Wednesday at 94 following a brief illness at his ashram on the banks of the Narmada river in Madhya Pradesh, an official said. Siyaram Baba breathed his last around 6.10 am in his ashram in Bhattyan village, said Khargone district Superintendent of Police Dharmaraj Meena. Condolences poured in from various quarters. Madhya Pradesh Chief Minister Mohan Yadav, former CM Digvijaya Singh, and ex-Union minister Arun Yadav among others expressed grief over the death of the Hindu seer, a revered figure in the Nimar region ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
New Delhi, Nov 26: The Supreme Court on Tuesday dismissed a public interest litigation (PIL) seeking directions to the Election Commission of India (ECI) to introduce ballot paper in place of EVMs (Electronic Voting Machines). A bench of Justices Vikram Nath and P.B. Varale rejected the prayer to return to the ballot system due to the alleged manipulability of EVMs. "When you lose, EVMs are tampered with; when you win, EVMs are fine," remarked the apex court, when the petitioner referred to the statements made by Andhra Pradesh Chief Minister Chandrababu Naidu and his predecessor Jagan Mohan ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
Itanagar, Dec 5 (PTI) The Arunachal Pradesh government has inked a memorandum of agreement (MoA) with the Indian Army for the maintenance and upkeep of the Major Ralengnao Bob Khathing Museum of Valour in Tawang district. The memorandum was signed by Tawang Deputy Commissioner Kangki Darang and Brigadier VS Rajput of the 190 Mountain Brigade on Wednesday in the presence of Chief Minister Pema Khandu. With this agreement, the museum will be effectively managed solely by the Indian Army, an official statement said here on Thursday. On the occasion, Khandu paid tributes to Sardar Vallabhbhai P ...Read More >
Bengaluru: Former Karnataka Chief Minister SM Krishna, a towering political figure and a pioneer of Bengaluru's IT revolution, passed away on Tuesday morning at the age of 92. He had been battling a prolonged illness and was hospitalised earlier in August.Krishna's illustrious career spanned decades, during which he served as Karnataka's Chief Minister (1999-2004), External Affairs Minister in the Manmohan Singh-led government (2009-2012), and Governor of Maharashtra. Known for his transformative leadership, Krishna played a key role in establishing Bengaluru as a global IT hub, earning it the ...Read More >
Panaji, Dec 10 (PTI) Karachi-born Shane Sabastian Pereira entered India to live in his ancestral village in Goa just four months after his birth, but it has taken him 43 years to obtain Indian citizenship. Goa Chief Minister Pramod Sawant on Tuesday handed over the Indian citizenship certificate to the Pakistan-born Christian man under the Citizenship (Amendment) Act. Shane is the second person from the coastal state to receive the certificate, after Joseph Francis Pereira, another Pakistani citizen who was granted Indian citizenship in August this year. Shane, originally from Demello Wado ...Read More >
Vijayawada, Nov 26 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday directed the officials to formulate proposals for constructing an iconic Deep technology building in the capital city of Amaravati. Bengaluru, Nov 26 (UNI) Congress MLA HR Gaviyappa's call to reconsider some election guarantees has sparked a political storm in Karnataka, drawing sharp criticism from Deputy Chief Minister DK Shivakumar and exposing potential fissures within the ruling party. Gaviyappa, representing Vijayanagara, suggested that certain guarantees were straining state finances and hindering th ...Read More >
Bengaluru, Dec 3 (PTI) The Karnataka government on Tuesday requested the Drugs Controller General of India (DCGI) to investigate and take necessary action against a West Bengal-based manufacturer, amid concerns that recent maternal deaths in Ballari district, could be linked to substandard Ringer Lactate solution supplied by the company. In a letter, Karnataka Health Principal Secretary Harsh Gupta, drew the attention of the DCGI to the supply of several batches of "Compound Sodium Lactate I P (Ringer's Lactate I P)" by the West Bengal-based pharmaceutical company Paschim Banga Pharmaceutical ...Read More >
Mumbai, Dec 5 (PTI) BJP legislature party leader Devendra Fadnavis will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony here to be attended by Prime Minister Narendra Modi and several other dignitaries. Fadnavis, who would be occupying the CM's post for the third time, along with two deputy chief ministers will take the oath of office, BJP leader Sudhir Mungantiwar told reporters, adding that other members of the cabinet will take oath later. Nationalist Congress Party chief Ajit Pawar and Shiv Sena chief Eknath Shinde are expected to take oath as ...Read More >
Thiruvananthapuram, Dec 10 (PTI) 'I'm Still Here' (Portugal), a 2024 political biographical drama film directed by Walter Salles will be the opening film of the 29th International Film Festival of Kerala (IFFK) beginning here on December 13. The movie, a Brazil-France co-production, deals with the story of a mother and activist searching for her missing husband, a dissident politician during the military dictatorship in Brazil. The festival will be officially inaugurated by Kerala Chief Minister Pinarayi Vijayan at a function to be held at the Nisagandhi auditorium on December 13 evening, St ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
News 2 min read Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025 The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report. New Delhi, The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, acco ...Read More >
Ballia (UP): Uttar Pradesh Deputy Chief Minister Brajesh Pathak on Thursday accused Congress leader Rahul Gandhi of trying to incite people and spreading anarchy in the state and said he is a "confused" leader who does not know what to do. Pathak was reacting to Gandhi's visit to Hathras where the Leader of Opposition in the Lok Sabha met the family of a Dalit woman who died allegedly after being gangraped in September 2020. "(Rahul) Gandhi is confused. He has no idea what he will say and when. Sometimes he thinks of visiting Sambhal, sometimes Aligarh or Hathras. He is totally derailed and ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
Hyderabad: The phone tapping case in Telangana took a dramatic turn on Tuesday with the police booking former minister T. Harish Rao and others. A case against the Bharat Rashtra Samithi (BRS) leader and others was registered at Panjagutta Police Station in Hyderabad on a complaint by G. Chakradhar Goud, a real estate businessman. The complainant, who is also the founder of Farmers First Foundation, alleged harassment, threats, and unlawful phone surveillance. Panjagutta Police registered a case under Indian Penal Code (IPC) Section 120(B) (Criminal conspiracy), 386 (Extortion), 409 (Crimin ...Read More >
Bhubaneswar, Dec 3 (PTI) President Droupadi Murmu on Tuesday arrived in Odisha and unveiled a statue of Santali writer and educator Pandit Raghunath Murmu here. She also visited the Adim Owar Jarpa Jaher, a sacred place for Santals, in Bhubaneswar and offered prayers. The President was accorded a warm welcome at Biju Patnaik International Airport (BPIA), where she landed on a special aircraft of the Indian Air Force (IAF) to commence her five-day visit to Odisha. She was received at the airport by Governor Raghubar Das, Chief Minister Mohan Charan Majhi and other dignitaries. People standi ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. "The search operation ...Read More >