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.
The Ministry said that any company or association having issues related to import of steel may send their request on the above e-mail to get confirmed time-slots by 11:00 am of October 24. Ministry of Steel announced on Wednesday that it will conduct an Open House to discuss issues related to the import of steel on October 27 at Udyog Bhavan's Steel Room in the national capital. Companies and associations may present their issues related to steel imports in the Open House, the Steel Ministry sa
New Delhi: Delhi govt is set to initiate an inquiry into the impounding of end-of-life vehicles -- 15 years for petrol and 10 years for diesel -- carried out during the tenure of AAP govt.In 2024, 39,273 vehicles were scrapped after impounding while the figure was 22,397 in 2023.Environment minister Manjinder Singh Sirsa said on Tuesday that he will soon order a probe amid suspicions that the due process of scrapping and providing value to people for their cars, as per govt directives, was not followed in many cases.Sources revealed that several complaints have surfaced from citizens claiming ...Read More >
PNNMumbai (Maharashtra) [India], November 17: Tejas Cargo India Limited (NSE - TEJASCARGO), one of the leading logistics service providers with a strong national footprint, has announced its Unaudited Financial Results for H1 FY26.H1 FY26 Consolidated Key Financial HighlightsTotal Income of ₹ 306.00 Cr, YoY growth of 19.96%EBITDA of ₹ 47.78 Cr, YoY growth of 4.87%EBITDA Margin (%) of 15.61%, YoY decline of 225 BPSNet Profit of ₹ 12.60 Cr, YoY growth of 44.11%Net Profit Margin (%) of 4.12%, ...Read More >
New Delhi: The army on Monday unveiled a key "technology roadmap" outlining technical and operational requirements in the domain of unmanned aerial systems (UAS) and loitering munitions, amid the changing nature of warfare as seen in various conflicts. The nearly 50-page document, intended for industry and academia, details 30 types of UAS and loitering munitions across five categories, translating into nearly 80 variants, a senior officer said. The categories are surveillance, loitering munitions, unmanned aerial systems in air defence role, unmanned aerial systems in special role and logis ...Read More >
New Delhi, Jul 2 (PTI) State-owned NMDC has reported a record 31 per cent jump in its iron ore production to 11.99 million tonnes (MT) in the April-June quarter of 2025-26 compared to 9.19 MT in the year-ago period, according to a statement. Its sales rose by 14 per cent to 11.51 MT in the first quarter of FY26 compared to 10.07 MT in the first quarter of 2024-25, the company said in the statement on Wednesday. Also Read | How Is the Next Dalai Lama Chosen? Know How the Successor of the 14th Dalai Lama Will Be Picked. In June, the company produced 3.57 MT of iron ore, registering a 5 per ce ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods, among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among the few other countries that are still negotiating a trade deal with Washington to clinch a 'favourab ...Read More >
Union Commerce & Industry Minister Piyush Goyal said in a series of social media posts that he held meetings with the textiles, steel producers in Mumbai and those from the engineering goods sector to discuss strategies for exports. In a post on X, Goyal said, "Held an engaging and forward-looking interaction with the champions of India's agriculture, food-processing and seafood sectors -- the true architects of our food and nutritional security. We discussed a wide range of strategies to scale ...Read More >
New Delhi [India], April 3 (ANI): The Ministry of Steel-owned NMDC has registered its highest-ever iron ore production output at 53 million tonnes in the Financial year 2025-26, the Ministry of Steel said in a press release on Thursday. The ministry noted that NMDC has emerged as the first company in the India mining history to surpass the 50 million tonnes annual production mark. The company's iron ore production jumped 51% on year to 5.35 million tonnes in March and posted a growth of a robust 40% over the corresponding year in iron ore sales. "The total production output reached 53.15 MT w ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been clos ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Mumbai : Swan Defence and Heavy Industries Limited (SDHI), India's largest shipbuilding and heavy fabrication company, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries, one of the world's leading shipbuilders in specialized and complex vessels. Both the partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. On the shipbuilding collaborations, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialized vessels. ...Read More >
NewsVoir Gurugram (Haryana) [India], October 16: When Vingroup, the largest private conglomerate in Vietnam, launched VinMetal in September 2025, it made clear that this was about more than steel. The company is investing about 380 million dollars to produce construction steel and high-strength alloys. Its first customers will be within the group itself, supplying projects for Vinhomes and VinFast. Over time, VinMetal will also target major infrastructure works and exports. "VinMetal is not just a steel plant," said Nguyen Viet Quang, Vingroup's vice Chairman and CEO. "It represents a strateg ...Read More >
Bhubaneswar: Union Minister for Steel and Heavy Industries H D Kumaraswamy on Thursday inaugurated a two-day workshop (Chintan Shivir) in Bhubaneswar for an intensive dialogue on the future of India's steel industry. In his address, Kumaraswamy expressed gratitude to Prime Minister Shri Narendra Modi for his strategic leadership, guiding the domestic steel industry on a path of resilience and growth. He underlined the pivotal role of the steel sector in nation-building and reiterated the government's commitment to strengthening capacity, fostering innovation and promoting self-reliance. He a ...Read More >
NEW DELHI: The Indian Army plans to induct tens of thousands of locally-made unmanned aerial systems and loitering munitions over the next five years to boost its battlefield capabilities, given the growing impact of these systems on military operations and how they have reshaped modern warfare as visible in ongoing global conflicts including the US-Israel war with Iran, officials aware of the matter said on Tuesday. The army's requirement spans 80 different types of unmanned systems for specifi ...Read More >
Bhubaneswar (Odisha) [India], April 8: A high-level delegation from the Indian Steel Association (ISA), led by Hon'ble Member of Parliament and President of ISA , Sri Naveen Jindal met Hon'ble Chief Minister of Odisha Shri Mohan Charan Majhi on 7th April 2026 to discuss key challenges and opportunities concerning the steel industry in the state. Also Read | Bride-Buying Racket Busted in Bihar: Rohtas Police Detain 24, Rescue Minor Girl in Bikramganj Raid. The meeting witnessed the presence of senior government officials including the Chief Secretary Ms. Anu Garg, Development Commissioner-cum ...Read More >
Kolkata: The Kolkata Traffic Police is facing a new challenge in managing vehicle parking for the upcoming Shahid Diwas rally on Monday, as persistent rainfall threatens to render designated parking fields unusable. The fresh spell of rain on Friday, with more occasional rain predicted even on Saturday, has left cops worried as they believe the Maidan area can be filled with slush.The traffic department, which initially planned to utilise various fields across the city for parking buses and cars of parade attendees, is now frantically searching for alternative solutions on the main roads, stre ...Read More >
MUMBAI: Corporate India showed signs of renewed vigour in 2024-25, with listed private non-financial companies reporting a sales growth of 7.2%, an improvement from the anaemic 4.7% recorded the previous year. Data from Reserve Bank of India, based on financial statements of 3,902 listed non-government non-financial firms, point to a broad-based if uneven recovery-tempered by rising input costs and tightening margins.Manufacturing companies saw sales climb by 6.0%, up from 3.5% the year before. The uptick owed much to strong performances in automobiles, electrical machinery, food and beverages ...Read More >
Union Heavy Industries & Steel Minister H.D. Kumaraswamy on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Government of India is extending direct support for electric trucks, aiming to accelerate the country's transition to clean, efficient, and sustainable freight mobility. Advertisement Highlighting the significance of the scheme, Mr Kumaraswamy stated, "Diesel trucks, though constituting only 3% of the total vehicle population, contribute to 42% of transport-related gre ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
Earlier this year, SAIL had announced ambitious plans to more than double the plant's capacity from its current level to around 9 million tonnes per annum (MTPA). Union minister H D Kumaraswamy on Tuesday inaugurated a modern steel-making facility at SAIL's Rourkela Steel Plant (RSP), and underscored the project's importance for the region's socio-economic development. The Union Minister of Steel and Heavy Industries was accompanied by Jual Oram, the Union Minister of Tribal Affairs, on his two ...Read More >
New Delhi, Apr 6 (PTI) State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high-g ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
Kolkata, Apr 1 (PTI) The escalating West Asia conflict is beginning to exert cost pressure on India's real estate sector, with material prices rising and industry leaders warning of a potential 5 per cent spike in construction costs if hostilities persist through April. Construction schedules are also likely to be affected because of shortage of materials and resources if the conflict prolongs. Harshavardhan Neotia, Chairman of Ambuja Neotia Group, said the crisis is triggering a "classic cost-push cycle" for real estate, with crude oil moving from sub-USD70 levels in February to well above ...Read More >
The data compiled by S&P Global said that India's potential to become a low-cost hydrogen supplier depends on sustaining its early momentum against strong competitors and securing offtake agreements. New Delhi: India is emerging as a global leader in the hydrogen industry, with a strong focus on green hydrogen, according to a report. The data compiled by S&P Global said that India's potential to become a low-cost hydrogen supplier depends on sustaining its early momentum against strong competit ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that a record 1,670 million tonnes of cargo and 741 crore passengers were transported in the financial year 2025-26, registering over 3 per cent annual growth in both sectors. The cargo transport saw an increase of 3.25 per cent, while the passengers sector rose by 3.54 per cent, it said. The total number of passengers carried rose to 741 crore in 2025-26, as compared to 716 crore in 2024-25, reflecting sustained growth in rail usage across the country, the ministry said in a press note. "Correspondingly, total revenue reached approx ...Read More >
New Delhi, Jul 11: Under the visionary leadership of Prime Minister Narendra Modi and the guidance of Union Minister for Heavy Industries & Steel, H.D. Kumaraswamy, the Ministry of Heavy Industries (MHI), Government of India, has announced a pioneering scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Indian government is extending direct support specifically for electric trucks, aiming to accelerate the country's transition to sustainable, clean freight mobility. Highlighting the scheme's importance, Union Min ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
New Delhi, Aug 1 (PTI) Trades worth nearly Rs 3.21 lakh crore have been conducted through the electronic National Agriculture Market (e-NAM) platform during the last five financial years, the government said on Friday. In a written reply to the Rajya Sabha, Minister of State for Agriculture Ramnath Thakur said, "From 1st April, 2020 to 31st March, 2025, trade worth Rs 3,20,766 crore has been conducted through electronic National Agriculture Market (e-NAM)". The minister was replying to a question by Congress member Randeep Singh Surjewala. "The inter-state trade volume on the e-NAM platform ...Read More >