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.
THANJAVUR: A total of 1.68 lakh tonnes of paddy has been procured, as against only 95,000 tonnes last year by this time in Thanjavur district, as part of the ongoing kuruvai season, said the Tamil Nadu Civil Supplies Corporation (TNCSC) senior regional manager N Selvam. Over 1.43 lakh tonnes have been transported to storage godowns and rice mills; only 25,000 tonnes remain at procurement centres, he said in an obvious response to charges of paddy stockpile left at Direct Procurement Centres (DPCs). By this time last year, 95,000 tonnes had been procured, the official said. He added that around 75,000 tonnes of paddy are yet to be harvested, and the target is to procure up to 3 lakh tonnes this season. Additional procurement centres have been opened in major villages to speed up the process, he said. A private godown with a 16,000-tonne capacity has been rented to store paddy and rice in Thanjavur, the official added. Forty-five rice mills in the district have been permitted to process up to 80,000 tonnes of rice a month.
MORIGAON: At least 64 villages in Assam's Morigaon district remain affected by floods, with residents facing major difficulties in transportation and accessing necessities. Several villagers said they are still struggling to recover as the floodwaters damaged their homes, household goods, and crops like paddy and rice. Two days ago, floodwaters from the Brahmaputra River inundated all houses in the Mayong Chapori Gasbari area. Liyakat Ali, a resident of Mayong Chapori Gasbari, told ANI, "Every family in this village are facing the same problems. " Around 200 families live in the Mayong Cha ...Read More >
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
Guwahati (Assam) [India], July 1 (ANI): Assam has set a new record in paddy procurement by procuring nearly 7 lakh MT of paddy during the Kharif Marketing Season (KMS) 2024-25. Assam Chief Minister Himanta Biswa Sarma on Tuesday said, 'We are proud to announce the successful conclusion of Kharif Marketing Season (KMS) 2024-25 with a record paddy procurement of 6.97 lakh MT -- the highest ever.' In Kharif Marketing Season (KMS) 2022-23, the state procured 5.92 lakh MT of paddy, and in 2023-24, the state procured 3.14 lakh MT of paddy. 'This remarkable achievement reflects our commitment to e ...Read More >
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports. A large part of it is palm oil and its derivativ ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
Rajamahendravaram: As part of World Environment Day celebrations, a major initiative to plant 4 lakh saplings across the district has been launched, district collector P Prasanthi announced on Thursday. She called on everyone to protect these saplings for the benefit of future generations. The main event was held at the Government Arts College campus in Rajahmundry under the aegis of the Forest Department, where the district collector participated as the chief guest. Chief Conservator of Forests BNN Murthy and other senior officials were also present. Speaking on the occasion, collector Prasa ...Read More >
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height of 359 metres from Chenab river, which means it is 29 metres higher than the Eiffel Tower of Paris, w ...Read More >
NEW DELHI: Monsoon covered the entire country on Sunday, nine days before the normal date, advancing into the remaining parts of Delhi-NCR, Rajasthan, west UP and Haryana, IMD said.This is only the fourth time in the past 25 years that monsoon covered NCR and remaining parts of northwest India the same day. The last time this happened was on July 13 in 2021, whereas the earliest date on which such an event took place was June 16 in 2013 -- the day Kedarnath witnessed a major disaster due to cloudburst and flash floods.It has taken monsoon 37 days to cover the entire country this time since its ...Read More >
New Delhi: July 3 is International Plastic Bag Free Day. However, across Delhi, single-use plastic (SUP) bags, including those prohibited since 2018, are being used by shopkeepers and customers. Disposable cutlery and drinking straws made of plastic have also resurfaced in the marketplace.Despite restrictions imposed three years ago in July on single-use plastic, plastic items, particularly low-quality polythene bags below 50-micron thickness banned in 2018, continue to be extensively used without consequences. While several initiatives were undertaken to encourage the use of alternative mater ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Majuli (Assam) [India], June 28 (ANI): Majuli, the river island district in Assam, has marked a significant milestone as its indigenous organic red bao paddy makes its debut in the global market. In a historic development, the first consignment of this unique variety of rice has been formally exported to countries in Central Asia and Europe, bringing smiles to the faces of Majuli's farming community. Also Read | Long-Awaited Relief for Retired Government Employees? 8th Pay Commission May Reduce Commuted Pension Restoration Period from 15 to 12 Years. The export initiative has been spearhead ...Read More >
Gadwal: In a significant step towards uplifting the underprivileged and fulfilling the promises of the Telangana State Government, local MLA Bandla Krishna Mohan Reddy presided over the distribution of Indiramma Housing Scheme proceedings to eligible beneficiaries of Gadwal Mandal. The event was held today at the MLA Camp Office in Gadwal district headquarters. The Telangana government, under the leadership of Chief Minister Revanth Reddy, has been actively implementing welfare schemes across all sections of society. Special emphasis has been placed on women's empowerment, free electricity, g ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
MUMBAI: India is likely to produce a record 117.5 million tonnes of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tonnes, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties. India, the world's biggest wheat producer after China, produced 113.3 million tonnes of wheat in 2024, the farm ministry said in a statement issued late on Wednesday. However, a leading industry body said the crop was nearly 6.25% lower than the government's estimate. The country's rice production in 2025 is also set to c ...Read More >
Mysuru (Karnataka) [India], June 29 (ANI): The Leader of Opposition in Karnataka Assembly R Ashoka on Saturday demanded that the Congress party clearly state its position on the Emergency imposed by former Prime Minister Indira Gandhi in 1975, accusing the party of evading accountability for one of the darkest chapters in Indian democracy. Speaking at an event in Vijayanagar, Mysuru, marking the 50th anniversary of the Emergency, Ashoka urged Congress to apologise to the people and address the injustices of that period. Also Read | Bhopal's Aishbagh Railway Overbridge Sparks Outrage Over Haz ...Read More >
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...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 >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
New Delhi [India], June 7 (ANI): As the Prime Minister Narendra Modi-led government completes 11 years of governance, India's agricultural sector has undergone a profound transformation over the years which is rooted in the philosophy of Beej Se Bazaar Tak (seed to market), while also championing inclusivity, supporting small farmers, women-led groups, and allied sectors, while making India a global agricultural leader, said a statement from the Ministry of Agriculture and Farmers Welfare (MoAFW). PM Modi also highlighted today about ensuring prosperity of farmers and also focussing on issues ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
HYDERABAD: The historic Golconda Fort came alive with colour, devotion and festive fervour as the annual Bonalu celebrations kicked off on a grand note on Thursday. The month-long festivities began with traditional prayers to Goddess Jagadambika at the Sri Jagadamba Mahankali temple atop the fort. The first Bonam -- a traditional offering of rice, jaggery, curd and neem leaves carried in decorated brass or earthen pots -- was brought in a massive procession from Langar Houz Crossroads, accompanied by beats of drums, chants and the rhythmic dance of 'Potharajus' wielding whips. Women dressed ...Read More >
New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs ... New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs 3,053 crore during the just concluded financial year 2022-23 (April-March), which is a 61 per cent increase on a yearly basis. In a year ago period, it recorded a net profit of Rs 1,884 crore. The rise in profits in 2022-23 could be largely attributed to a rise in nano fertilisers and its efficient energy consumption initiatives. With two more Nano Fertilizer Plants ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
Bhubaneswar: The dark dingy room of the jail in the city haunts Bhubanananda Tripathi even after 49 years and some months. The rattling noise of locks and bars, the unhygienic environs, the food that was bereft of taste and the scary nights came alive as Tripathi gets the news that the government of Odisha declares provision of pension to all those who had spent countless sleepless nights in prison during the Emergency in 1975. Tripathy is one of the 1200 brave souls from Odisha who were among 1.1 lakh arrested during Emergency and endured torture, humiliation and their crime was - demanding ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
Bhubaneswar: In response to the ongoing supply issues with West Bengal, the Odisha government has announced an ambitious plan to cultivate potatoes on 15,023 hectares of land. Deputy Chief Minister KV Singh Deo outlined the initiative during a recent Assembly session, emphasizing the need to boost local production to mitigate the impact of the supply disruption. The Deputy CM highlighted that steps have been taken to increase potato production in key districts such as Cuttack, Kandhamal, Keonjhar, Sundargarh, and Koraput. These districts are known for their favorable conditions for tuber cul ...Read More >
Assam continues to face a severe flood crisis, affecting nearly seven lakh people across 21 districts. The death toll from the first wave of floods and landslides has risen to 19, with one person missing in Cachar district. Nine major rivers, including the Brahmaputra and Barak, are flowing above danger levels, causing widespread inundation. A total of 1,494 villages across 66 revenue circles have been affected, with Sribhumi district hardest hit, impacting over 2.5 lakh people. Floodwaters have ...Read More >
CHENNAI: PMK president Anbumani Ramadoss has alleged that paddy bags worth Rs 840 crore have been damaged during the last 5 years due to insufficient infrastructure in storage facilities and urged the government to take appropriate measures. In a statement, Anbumani said that the details have been revealed in a reply to an RTI application. "Between 2019-20 and 2023-24, as much as 1.25 lakh tonnes of paddy and rice bags were damaged each year. The state civil supplies corporation has not disclosed the complete details," he added. Saying that the farmers are also suffering due to the lack of s ...Read More >