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: It's not just about holograms, a series of documented exchanges reveal multiple instances of friction between excise minister Jupally Krishna Rao and principal secretary (excise) Syed Ali Murtaza Rizvi, who opted for voluntary retirement. According to official records, in possession of TOI, Jupally had repeatedly raised objections to the way departmental files were handled by Rizvi, alleging that certain actions led to revenue losses for the govt. In one case involving a hotel that sought an extension of its bar licence and a change of premises, the excise commissioner had recommended approval. However, despite the minister's order (dated Nov 25, 2024), the principal secretary did not comply and recirculated the file, delaying the decision. Another flashpoint involved a bar licence case where the applicant was reportedly subjected to unauthorised compounding fees. The minister directed recalculations on Mar 28, 2025, but the file was again returned without action.In a separate liquor company case, the minister is said to have demanded records regarding alleged illegal deductions, but the principal secretary issued a memo contrary to the directive and did not produce the required documents.Disputes also surfaced in the ABD Ltd matter, where the company complained of unfair maximum retail price treatment and denial of production capacity, allegedly leading to substantial losses. Despite ministerial intervention, delays continued, and key records remained unavailable. Complaints from the bars association and licensed retail liquor outlets were also left pending due to non-submission of the excise commissioner's report. In another winery case, the minister ordered issuance of a licence, but the file was reportedly marked to the chief minister, with Rizvi reportedly claimining that only the CM could relax the rules. Jupally is said to have asked the officer to cite the rule supporting this stance. In one distillery case, the minister's order for issuing a letter of intent on Dec 14, 2024, also remained unimplemented despite repeated reminders.Efforts by TOI to contact Rizvi for his response were unsuccessful. Hyderabad: Sources said IAS officer Rizvi is in discussions with a leading city-based corporate hospital for a senior management position. The hospital's board is expected to take a final call on his inclusion soon.
Hyderabad: Principal Secretary to Government, Municipal Administration and Urban Development (MA&UD) department M Dana Kishore has been given full additional charge (FAC) for the post of principal secretary to the Governor. With Kishore taking charge, B Venkatesham, who was serving the post earlier, has been relieved, said a statement from chief secretary A Santhi Kumari. On December 2, Dana Kishore, an Indian Administrative Service (IAS) officer from the 1996 batch, was appointed as the nodal officer tasked with coordinating efforts across various departments for projects related to the Osm ...Read More >
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...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 >
Agartala, July 2 (SocialNews.XYZ) Tripura Chief Minister Manik Saha said on Wednesday that statistics show the number of deaths and injuries in road accidents in the state is much lower than the national average and emphasized that this number must be reduced further. After flagging-off 16 basic life support ambulances and virtually launching VLT (Vehicle Location Tracking) and MT (Monitoring System), the Chief Minister said that efforts should be made to ensure that accidents do not occur due to carelessness. Both the Central and state governments are working together to prevent road accide ...Read More >
Noida: Liquor revenue in the city jumped by 35% in the first quarter of 2025-26 compared to the same period last year. The city recorded Rs 625 crore in liquor revenue from April to June 2025, compared to Rs 462 crore during the same period in 2024-25.According to excise department data, the revenue in the first quarter of 2023-24 was Rs 430 crore, showing a 7% growth between 2023-24 and 2024-25 and a much larger jump this year.The sharp rise is attributed to the new liquor policy in the state, which made significant structural changes to the retail and licensing system.The month-wise revenue ...Read More >
Bengaluru (Karnataka) [India], May 27 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Tuesday said that the State government will take action against BJP MLC N Ravikumar for his derogatory comments against Kalaburagi Deputy Commissioner. Shivakumar said that many IAS officers had met him on this issue, and they were all enraged by the BJP MLC's comments. 'Since morning, more than half a dozen IAS officers have met me. They are all in a very agitated mood. The law will take its course. The government will take action,' Shivakumar told ANI. He wanted the BJP leadership to react to the ...Read More >
Patna: The state govt will soon recruit 64,000 additional constables for the Bihar Police, CM Nitish Kumar announced on Saturday after handing out appointment letters to 21,391 newly inducted constables, including a large number of women."Our govt introduced 35% reservation for women in the state police back in 2013. A total of 55,000 posts are being filled through promotions. The recruitment process for another 64,000 posts is underway," Nitish said.He praised the performance of women in the force, drawing applause from the audience, and added that their number had now reached 36,000, the hig ...Read More >
New Delhi, Dec 17 (VOICE) Uttarakhand Chief Minister, Pushkar Singh Dhami, on Tuesday distributed appointment letters to 45 newly-selected candidates at his official residence. These appointments include 11 Lab Assistants under the Home Department and 34 Regional Youth Welfare Officers under the Provincial Defence Corps Department. Extending his best wishes to the newly-appointed candidates, the Chief Minister remarked that this marks the beginning of a new chapter in their lives. He encouraged the appointees to carry out their responsibilities with dedication and honesty, emphasising, "The c ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Dehradun: The Uttarakhand State Election Commission (SEC), on June 21, issued a notification for the three-tier panchayat elections in 12 districts except Haridwar. Polls would be held in two phases, and the district election officers will issue notifications on June 30. The first phase will be conducted on July 24, followed by the second phase on July 28. The counting for all phases will be conducted by July 31. Earlier, the Uttarakhand High Court had stayed the panchayat elections in the state on June 23, at a time when it had already been notified by the SEC. Elections will be held in 89 ...Read More >
Hyderabad, July 1 (SocialNews.XYZ) The death toll in the explosion in a pharmaceutical unit at Pashamylaram near Hyderabad mounted to 36 on Tuesday. With some of the injured succumbing at hospitals and rescue workers recovering more bodies from debris, the death toll rose sharply since Monday. The toll in the worst industrial disaster in Telangana may go up further as the rescue workers continued searches for the bodies in the debris of a three-storey building which collapsed under the impact of the blast. A massive explosion had rocked Sigachi Industries Limited's pharmaceutical factory at ...Read More >
SRINAGAR, July 2: Union Minister for Fisheries, Animal Husbandry & Dairying, Rajiv Ranjan Singh and Chief Minister Omar Abdullah today jointly chaired a high-level review meeting of the Animal Husbandry and Fisheries sectors of Jammu & Kashmir. The meeting was attended by Minister for Agriculture Production & Panchayati Raj Javid Ahmad Dar, Advisor to the Chief Minister Nasir Aslam Wani, Secretary GoI Alka Upadhyay, Additional Chief Secretary Dheeraj Gupta, Additional Secretary (CDD/IT) and other senior officers from the Ministry of Fisheries, Animal Husbandry & Dairying. Principal Secretary ...Read More >
Gandhinagar, Feb 4 (PTI) The BJP government in Gujarat on Tuesday formed a committee headed by a retired Supreme Court judge to assess the need for the Uniform Civil Code in the state, and also draft a bill for the same. While the Opposition said the decision was aimed at diverting attention from pressing issues ahead of the upcoming local body polls, the government claimed rights of the tribal communities will be protected if the UCC is implemented. The five-member committee, to be headed by Justice (retd) Ranjana Desai, will submit its report within 45 days, following which a decision abou ...Read More >
Karimnagar: The state government is making significant progress in tackling the unemployment problem, while simultaneously fostering regional development, said irrigation minister N. Uttam Kumar Reddy, Karimnagar district in-charge, here on Monday. He was addressing a rally that was taken out by the Congress for the Graduate MLC seat candidate V. Narendar Reddy from SRR College grounds to the collectorate, where he filed his nomination papers. Present on the occasion were TPCC chief B. Mahesh Kumar, ministers Duddilla Sridhar Babu, Ponnam Prabhakar, Konda Surekha, Seethakka and Jupally Krish ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Bengaluru: The Congress-led government in Karnataka has decided to name the Bangalore City University after late former Prime Minister Manmohan Singh. Chief Minister Siddaramaiah made the announcement in this regard in the media briefing after the special Cabinet meeting held at Nandi Hills. A proposal to rename the Bangalore City University as "Dr. Manmohan Singh Bengaluru City University" has been approved, CM Siddaramaiah announced. Bengaluru Rural district will now be renamed as "Bengaluru North District", and Bagepalli town will be renamed "Bhagyanagara", he declared. A Cabinet sub-com ...Read More >
Bhubaneswar, Jul 3 (PTI) The Odisha government on Thursday sought information from public regarding the stampede that took place near Shree Gundicha Temple in Puri during a ceremony related to ongoing Rath Yatra festivities in which three persons were killed and 50 others injured. The state government through a public notice urged the people to share information, video footage or any other materials related to the stampede which took place early on Sunday for a proper and transparent inquiry into the incident. The public notice issued by the Planning and Convergence department, also mentione ...Read More >
Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the Jharkhand liquor scam. Both officers have already been named as accused in the Chhattisgarh liquor s ...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 >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
Bhubaneswar: In the wake of a tragic incident during the Rath Yatra in Puri, the Odisha government Sunday removed Puri Collector Siddharth Shankar Swain and SP Vinit Agarwal from their posts and announced an ex gratia of Rs 25 lakh each for the families of those who lost their lives. The state has also suspended two police officers for alleged negligence in crowd management. Senior IAS officer Chanchal Rana has been appointed as the new District Magistrate, and IPS officer Pinak Mishra will take charge as the Superintendent of Police. Odisha Chief Minister Mohan Charan Majhi expressed deep s ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Sunday ordered a major administrative shake-up following the stampede near Shree Gundicha temple in Puri which claimed three lives and left around 50 people injured. With several crucial Rath Yatra events approaching, the Chief Minister has reassigned experienced IAS and IPS officers to ensure tighter coordination and public safety. In a decisive move, ADG (Police Modernisation) Saumendra Kumar Priyadarshi has been placed in overall charge of police arrangements for the Rath Yatra and related rituals in addition to his existing responsi ...Read More >
Bengaluru: In a major financial push to address the drinking water crisis in Bayaluseeme (arid region), the state cabinet Wednesday approved an additional Rs 1,900 crore for the ongoing Yettinahole project, which aims to help parched districts including Bengaluru Rural, Chikkaballapur and Kolar.Chief minister Siddaramaiah, who chaired the cabinet meeting, said the govt had asked the finance department to place the proposal for approval."The project cost was revised to Rs 23,251 crore, and Rs 17,147 crore was spent. There is Rs 6,103 crore to be spent on the project. However, the govt has learn ...Read More >
A one-man inquiry commission, led by retired Justice John Michael Cunha, has been formed by the Karnataka government to investigate the stampede at the RCB victory celebration that resulted in 11 deaths. The commission will identify those responsible for any procedural lapses and suggest preventative measures.The one-man inquiry commission constituted by the Karnataka government under retired High Court judge John Michael Cunha to inquire into the June 4 stampede that killed 11 people, has been a ...Read More >
Puri, Jun 29 (PTI) Three persons, including two women, were killed and over 50 others injured in a stampede near Shree Gundicha Temple in Odisha's Puri early Sunday during a ceremony related to the ongoing Rath Yatra festivities, officials said. The incident took place around 4.20 am when thousands of devotees had gathered near the chariots parked in front of the temple, they said. The injured have been admitted to a nearby hospital where the condition of six people is stated to be critical. The Gundicha Temple, located around 3km from the 12th century shrine, is the aunt's house of Lord Jag ...Read More >
Stocktwits - The death toll in the explosion at the Sigachi Industries (NSE:SIGC)' pharma plant in Pashamylaram, Telangana, rose to 34. "Several bodies have been found under the debris while removing it. As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment. The last leg of the rescue operation is still going on," district Superintendent of Police Paritosh Pankaj told PTI. Health Minister Damodara Raja Narasimha told the media that around 90 people were working in the plant when the accident happened, reportedly due to a suspected c ...Read More >
The explosion in the Microcrystalline Cellulose (MCC) drying unit also left more than 30 workers injured. The condition of some of them is stated to be critical. The death toll in the explosion in a pharmaceutical unit at Pashamylaram near Hyderabad mounted to 36 on Tuesday. With some of the injured succumbing at hospitals and rescue workers recovering more bodies from debris, the death toll rose sharply since Monday. The toll in the worst industrial disaster in Telangana may go up further as the rescue workers continued searches for the bodies in the debris of a three-storey building which ...Read More >
Bengaluru, Jul 3 (PTI) The state Congress on Thursday complained against BJP MLC N Ravikumar to Legislative Council Chairperson Basavaraj Horatti for allegedly making derogatory remarks on Karnataka Chief Secretary Shalini Rajneesh. It also lodged a complaint against him at the Vidhana Soudha police station. The Karnataka IAS Officers' Association also condemned the derogatory remarks made by the MLC. During a protest at Vidhana Soudha recently, Ravikumar, who is the opposition BJP's chief whip, had allegedly made some remarks which the Congress termed derogatory and took it up vehemently. ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >