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.
Hyderabad: The Singareni Collieries Company Limited (SCCL), which has been actively diversifying into areas such as rare mineral exploration, has decided to establish an experimental plant for the identification and extraction of rare earth elements (REEs) at Kothagudem, within its operational areas.On Thursday, SCCL signed an agreement with the govt of India's premier research organisation, Non-Ferrous Materials Technology Development Centre (NFTDC). The agreement was signed by SCCL chairman and managing director N Balram and NFTDC director Balasubramanian. Speaking about the initiative, Balram said that under the guidance of the state government, Singareni is accelerating its business expansion plans. "As part of this effort, SCCL will establish a pilot plant at Kothagudem to identify and extract rare earth elements available in the region, with technical support from NFTDC," he said. He added that the pilot plant will analyse and process REEs present in overburden soil, fly ash from thermal power plants, and other waste materials. Experimental production of these elements will also be undertaken. "Based on concentration levels, production feasibility, and commercial viability, SCCL may explore the possibility of setting up large-scale plants in the future," he said.NFTDC officials said that research has already begun within SCCL areas, and traces of key minerals have been identified in both overburden soil and fly ash. They said the upcoming pilot plant will provide comprehensive data and insights on the availability of these minerals. The officials also expressed enthusiasm about the opportunity to collaborate with SCCL on this cutting-edge initiative.
Kochi: The Andhra Pradesh government's invitation to Kerala-based textile major Kitex Garments Ltd. to invest in the state has triggered a war of words between Kerala Industries Minister P Rajeev and the company's head, Sabu M Jacob. Sabu reiterated that he decided to call off his company's proposed investments to the tune of ₹3,500 crore from Kerala and shifted it to Telangana as he was fed up with the harassment from the Left government, prompting a sharp response from Rajeev. Projecting the state's advancements in the business sector, the minister said those who still claim that Kerala is ...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 >
Keonjhar, Jul 2 (PTI) At least three persons were killed in a landslide triggered by heavy rain while extracting manganese illegally from a mine in Odisha's Keonjhar district, police said Wednesday. The incident took place at a manganese mine near Bichakundi Dalpahar under Joda police limits when some people were illegally extracting minerals from the manganese mine on Tuesday, they said. Deputy Inspector General of Police (DIG), Western Range, Brijesh Kumar Rai confirmed the incident and said: "One body was recovered at about 2 am and other two bodies early in the morning. All bodies were s ...Read More >
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged the energy storage companies to cut dependency on imports from certain countries and explore alternate sources of supply. He also suggested the industry to focus on research and development for creation of innovative products. "We must work to prevent distortions. We must reduce our dependency on particular geographies and look at alternative sources of supply, where we can have resilience in our supply chain," Goyal said at an event on energy storage. "The industry should look at newer technologies to cut over-dependenc ...Read More >
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, the government had approved a Rs 16,300-crore National Critical Mineral Mission, envisaging a total o ...Read More >
NEW DELHI (Reuters) - India and five central Asian countries have expressed interest in joint exploration of rare earths and critical minerals, they said in a joint statement on Friday after the fourth meeting of the India-Central Asia Dialogue, held in New Delhi. They also called upon relevant authorities for an early meeting of the India-Central Asia Rare Earth Forum. (Reporting by Shivam Patel, writing by Sakshi Dayal; Editing by Alex Richardson) ...Read More >
Keonjhar: At least three persons were killed in a landslide triggered by heavy rain while extracting manganese illegally from a mine in Keonjhar district, police said Wednesday. The incident took place at a manganese mine near Bichakundi Dalpahar under Joda police limits when some people were illegally extracting minerals from the manganese mine Tuesday, they said. Deputy Inspector General of Police (DIG), Western Range, Brijesh Kumar Rai confirmed the incident and said: "One body was recovered at about 2 am and other two bodies early in the morning. All bodies were shifted to Tata Hospital a ...Read More >
As many as nine people are still missing in the explosion at the Sigachi Industries' pharma plant in Pashamylaram that claimed at least 38 lives and left 35 injured, and efforts are on to trace the missing people, Superintendent of Police (SP) of this district, Paritosh Pankaj, said on Thursday. Meanwhile, the expert committee appointed by the state government to ascertain the causes and establish the sequence of events that led to the explosion is expected to visit the site on Thursday. The pa ...Read More >
New Delhi: Prime Minister Narendra Modi on Monday called on Brics countries to work together in order to secure critical mineral supply chains and ensure that no one nation is able to dominate and weaponize these resources. His call at the 17th Brics Summit in Rio de Janeiro comes amid a Chinese chokehold on global rare earth supplies. Brics is a group of 11 countries that was set up by Brazil, Russia, India, China and South Africa. Modi said it was important to make critical mineral supply chains reliable and ensure that no one country uses these resources for its own selfish gains or as a ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...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 >
New Delhi: The Ministry of External Affairs (MEA) said that India is in touch with China on several economic and trade issues, including the supply chain issue of rare earth materials. Addressing a weekly briefing on Thursday, Jaiswal said, "On trade issues on rare earth, yes, we have been in touch with the Chinese side, both in Delhi and also in Beijing, and we have been talking to them as to how we can streamline the supply chain issue on rare earths." "We are in touch with the Chinese side on several economic and trade issues, as and when anything is required," he added. Meanwhile, commerc ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu on Monday unveiled his ambitious vision to transform Amaravati into a global capital for quantum technologies. Addressing the Amaravati Quantum Valley Workshop here, Naidu said: "Quantum computing is the need of the hour. By January 1, 2026, the quantum computing centre will be operational in Amaravati. This marks the beginning of the Quantum Valley." The workshop, jointly organised by the AP government, the Department of Science and Technology (Government of India), TCS and L&T, brought together some of the top minds and institutions in quantum ...Read More >
Hyderabad/Sangareddy, July 2: The death toll from the explosion at the Sigachi Industries' plant in Pashamylaram has risen to 38 on Wednesday even as the company announced a Rs 1 crore compensation amid allegation of usage of outdated machinery in the unit. State Health Minister C Damodar Rajanarasimha, who has been supervising rescue operations at the accident site, said that 11 people were still missing. Although most of the debris has been cleared, no human remains have been found, the minister further said. Sangareddy District Superintendent of Police Paritosh Pankaj told PTI that the tol ...Read More >
New Delhi, Jul 9 (PTI) Bengaluru-based realty firm Sattva Group will invest Rs 1,500 crore to develop a 30-acre mixed-use project in Vizag, Andhra Pradesh as part of its expansion plan. Sattva Group, which is one of the leading real estate firms in South India, decided to develop this project following a detailed discussion on Tuesday with Nara Lokesh, Minister for Information Technology, Electronics and Communications, in the Andhra Pradesh government. In a statement on Wednesday, Sattva Group said it will develop a 30-acre mixed-use project, 'Sattva Vantage Vizag Campus'. "With a planned ...Read More >
VIJAYAWADA: Andhra Pradesh Capital Region Development Authority (APCRDA), in the presence of Chief Minister Nara Chandrababu Naidu, has entered into a memorandum of understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS). With this, NaBFID will act as a strategic adviser to help APCRDA in designing a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh. Among others, the banking institution will assist CRDA in formulating financial strategy and evaluating v ...Read More >
Mumbai, Jul 11 (PTI) Mumbai Customs has seized 33.35 kilograms of hydroponic weed valued at Rs 33.35 crore over three days, leading to the arrest of eight persons in six cases, officials have said. Hydroponic cultivation is the method of growing plants with mineral nutrient solutions in a water-based solvent rather than soil. Those arrested comprise seven passengers and a receiver responsible for collecting the contraband in one case, they said on Thursday. Since July 8, the Airport Commissionerate of Mumbai Customs has launched a special operation to crack down on drug trafficking by passe ...Read More >
Extracted from the Salvia hispanica plant native to Mexico, chia seed oil has found its way into the heart of African beauty routines. Praised for its moisturizing properties, it's packed with omega-3 fatty acids, antioxidants, and minerals essential for skin health. This article explores its skin benefits and its rising status as a skincare staple across Africa. Chia seed oil is an excellent natural moisturizer for all skin types. Its lightweight, non-greasy formula absorbs quickly and deeply into the skin. Perfect for those with oily skin who are hesitant to use oils, and it offers long-las ...Read More >
India's NTPC (previously the National Thermal Power Corporation) has launched its first 160 megawatt hours (MWh) CO₂ battery energy storage project, to be developed by Triveni Turbine and its energy partner Energy Dome. The project will be executed on a turnkey basis at NTPC's Kudgi plant in Karnataka, India. The initiative aligns with NTPC's strategy to diversify its energy portfolio and increase renewable power generation. The adoption of CO₂ battery technology also supports India's "Make in India" and "Atmanirbhar" (self-sufficiency) policies, offering opportunities for the domestic indu ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...Read More >
New Delhi [India], June 6 (ANI): IFFCO Managing Director (MD), U S Awasthi on Friday met Union Home Minister Amit Shah at his residence office in New Delhi. During the meeting, Awasthi briefed and updated the Minister on the overall performance of Indian Farmers Fertiliser Cooperative (IFFCO) for the Financial Year 2024-25, a strong testament to the vision of Sahakar Se Samriddhi under his dynamic guidance. Awasthi also apprised him of the progress at the seed research and development facility at IFFCO's Kalol Unit in Gujarat. Furthermore, both had a meaningful discussion on strategies to en ...Read More >
Maharashtra will use special camera drones (LiDAR drones) to check mining and make more money. Following the government conncern over losing money because companies dig up more soil and stone than they report. These drones will accurately measure what's being dug Maharashtra Minister Chandrashekhar Bawankule announced on Saturday that the state government intends to utilise advanced LiDAR-based drone technology to monitor mining activities and boost revenue. This initiative will commence with a pilot project in the Pune district, reported news agency PTI. The state revenue minister highlight ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...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 >
New Delhi: Prime Minister Narendra Modi is packing for what could be the longest diplomatic journey of his decade-long premiership. Five countries. Eight days. Thousands of kilometres. A tour that promises more than handshakes and speeches, this is about placing India at the heart of the Global South's rising story. From the mineral-rich heartlands of Africa to the energy corridors of Latin America, Modi's route is carefully chosen. His first five-nation circuit in 2016 had the charm of high-level symbolism. This one feels strategic, calculated and heavier in ambition. Ghana PM Modi is land ...Read More >
Visakhapatnam: In a major boost to Andhra Pradesh's IT sector, Cognizant Technology Solutions has announced the launch of a new campus in Visakhapatnam, marking a significant milestone in the state's digital growth. The project will be developed in three phases, with a total investment of ₹1,583 crore, and is expected to create employment opportunities for 8,000 people. The Andhra Pradesh Cabinet, led by Chief Minister N. Chandrababu Naidu, has approved the allotment of 22 acres of VMRDA land at Kapuluppada for the project. The company plans to begin operations by setting up a temporary facil ...Read More >
Visakhapatnam: In a significant boost to Vizag's growing scientific stature, the Andhra Pradesh MedTech Zone (AMTZ) placed the city on India's science and technology map, said MD and Founder CEO of AMTZ Dr. Jitendra Sharma. Sharing the Vizag Science and Technology Cluster's broader mission, Dr. Jitendra Sharma said, "The Vizag S&T Cluster is a catalyst for convergence -- linking science, industry, and innovation. We're translating this synergy into self-reliant healthcare solutions that advance Make in India and Atmanirbhar Bharat." During a high-level meeting held in New Delhi, the Principa ...Read More >
Raipur (Chhattisgarh) [India], July 1 (ANI): Chhattisgarh is rapidly emerging as one of India's fastest-growing industrial hubs, having received investment proposals over Rs 6.75 lakh crore in the past one and a half years and reflecting a strong and growing confidence among investors. This progress was further reinforced at the 'Industry Dialogue 2' held in Raipur on Tuesday. In the presence of Chhattisgarh Chief Minister Vishnu Deo Sai, new proposals worth Rs 1.25 lakh crore were finalised. Also Read | Sivakasi Cracker Factory Blast: 5 Killed, 2 Injured in Explosion in Gokulesh Fireworks F ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came off," said Aatish Mishra, the passenger."There was no depressurization, but this shouldn't have happ ...Read More >
Hyderabad (Telangana) [India], July 3 (ANI): Union Minister G Kishan Reddy on Thursday said the central government is actively encouraging private companies to mine and explore critical minerals overseas and bring them back into the country to serve the needs of the domestic industry. "We are encouraging private companies to mine and explore critical minerals overseas. We are for Indian private companies mining overseas and bringing minerals back into India. We are actively encouraging them," Reddy told reporters here. Also Read | New Zealand Nurse Undergoes Robotic Double Hip Replacement in ...Read More >