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.
New Delhi, Oct 24 (SocialNews.XYZ) The Indian Coast Guard (ICG) on Friday launched two advanced Fast Patrol Vessels (FPVs), ICG Ship Ajit and ICGS Aparajit, at Goa Shipyard Limited (GSL). These vessels are the seventh and eighth in a series of eight indigenously built FPVs being constructed by GSL for the ICG, marking an important step forward in enhancing the nation's coastal surveillance and response capabilities, said an official statement. Designed and built entirely by GSL, the FPVs reflect the growing strength of India's indigenous shipbuilding capabilities. Measuring 52 metres in length and displacing 320 tonnes, these vessels are equipped with Controllable Pitch Propellers (CPP), the first of their kind in this class in India, offering superior manoeuvrability and propulsion efficiency, said the statement. They are capable of multi-mission roles including fisheries protection, coastal patrol, anti-smuggling, anti-piracy and search and rescue operations, particularly around India's island territories and Exclusive Economic Zone. The vessels were launched by Manju Sharma, in the presence of Financial Advisor (Defence Services) Dr Mayank Sharma, who was the Chief Guest. The event was also attended by Commander, ICG Region (West) Inspector General Bhisham Sharma, along with senior officers from the ICG and Goa Shipyard Limited. Commending the ICG and GSL for their achievement, Dr Mayank Sharma lauded the project's contribution to domestic industry, employment generation and the MSME ecosystem, emphasising how such initiatives are bolstering national self-reliance in maritime capability. With the induction of two FPVs, the ICG continues to expand its fleet of modern, high-speed platforms, ensuring enhanced operational readiness and maritime safety across India's vast coastline. The launch further cements GSL's position as a key player in building next-generation indigenous defence vessels for the nation. The new vessels will also help ICG to guard the country's Exclusive Economic Zone more efficiently. The country's island territories and fishermen will also benefit from the new addition to the ICG fleet as these vessels are capable of multi-mission roles, including coastal patrol, anti-smuggling, anti-piracy and search and rescue operations.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
Jaisalmer: Rajasthan Intelligence Bureau (IB) and security agencies have escorted Rajasthan state government employee, Shakur Khan, who was arrested on charges of sharing confidential information with Pakistan's ISI agents, from Jaipur to Jaisalmer after preliminary interrogation. Now, Shakur's activities at various places are being probed and he is being constantly grilled. The focus is on Shakur's contacts, previous movements, bank transactions, departmental promotions and foreign trips. Inspector General of Police (CID Security) Vishnu Kant Gupta said a convoy of two vehicles of Rajasthan ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will not let any misuse of the official machinery and second, in case any official is found to be misusing ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...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 >
New Delhi, Jun 26 (PTI) In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has seized goods worth Rs 9 crore under 'Operation Deep Manifest', targeting illegal imports of Pakistani-origin goods routed through Dubai. The operation has thus far led to the seizure of 39 containers carrying 1,115 metric tonnes of goods in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the finance ministry said in a statement on Thursday. One of the partners of an importing ...Read More >
New Delhi [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. The awards were conferred to honour and recognise bravery, leadership, professional achievement, and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devotion to Duty), and seventeen Vishisht Seva Medals. On being conferred with the Nausena Medal (Ga ...Read More >
The global smoke grenade market is expected to grow from $297.24 million in 2023 to $456.46 million by 2031, driven by a 5.5% CAGR. Military, law enforcement, and emergency services are the primary sectors fueling demand, especially for tactical operations, training, and crowd control. Advances in technology have led to safer, more effective smoke grenades, while commercial uses in activities like paintball and film production are rising. Environmental concerns are promoting the development of eco-friendly products. North America leads the market, with rising military expenditures further boos ...Read More >
The churning waters of the 21 Century maritime domain are no longer defined solely by steel-hulled might and firepower. Today, the true battleground lies in the unseen realms of algorithms, data streams and quantum states. The Indian Navy, a sentinel of the vast Indian Ocean Region (IOR), stands at the cusp of this technological revolution, leveraging artificial intelligence (AI) and quantum computing to secure its maritime sovereignty and amplify its geopolitical influence. India's journey into this brave new world is both a strategic necessity and an audacious leap. With China's growing nav ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Mumbai: Recurring aircraft defects, unserviceable ground handling gear, and faded runway markings are among a range of safety lapses discovered by the civil aviation regulator after an intensive survey of key airports including Delhi and Mumbai. The Directorate General of Civil Aviation (DGCA) has ordered airport operators and airlines to address these safety concerns within a week. The inspections come on the heels of the June 12 crash of an Air India plane in Ahmedabad, killing 241 people on ...Read More >
Guwahati (Assam) [India], December 11 (ANI): The Combined Annual Training Camp (CATC)-151 for NCC girl cadets of the 60 Assam Girls Battalion and other units under NCC Group Headquarters, Guwahati, commenced on December 9 and will continue until December 18. According to the Defence Public Relations Officer (PRO), the camp aims to promote leadership, discipline, and national pride. The PRO's statement read: "The Combined Annual Training Camp (CATC)-151 of NCC cadets of 60 Assam Girls Bn NCC, Guwahati, and other units of NCC Group Headquarters, Guwahati, under NCC Directorate NER, Shillong, b ...Read More >
India's Indigenous Light Tank: A Key Weapon System For High-Altitude Combat Friday, December 13, 2024 by Indian Defence News India's indigenous light tank, Zorawar, represents a significant advancement in the country's defence capabilities, particularly for operations in high-altitude regions. Developed by the Defence Research and Development Organisation (DRDO) in collaboration with Larsen & Toubro (L&T) and supported by various Micro, Small, and Medium Enterprises (MSMEs), the Zorawar is designed to meet the operational demands highlighted during the 2020 standoff with China in Eastern Lada ...Read More >
New Delhi, June 8 (SocialNews.XYZ) Indian Coast Guard (ICG) Director General (DG) Paramesh Sivamani inaugurated a new dedicated jetty at Vizhinjam Harbour, Kerala, to enhancing mission readiness for coastal surveillance, an official said on Sunday. The new facility is expected to support faster deployment and turnaround of ICG vessels, adding to the mission readiness for coastal search and rescue, anti-smuggling, and fisheries protection. The new facility is expected to support faster deployment and turnaround of ICG vessels, adding to the mission readiness for coastal search and rescue, ant ...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 >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >
Jaisalmer, Jun 7 (PTI) To honour the armed forces following Operation Sindoor, a special tribute is taking shape in the border state of Rajasthan - rare Great Indian Bustard (GIB) chicks born under a conservation project in Jaisalmer have been named after key officers and significant milestones linked to the operation. Names like 'Sindoor', 'Atom', 'Mishri', 'Vyom', and 'Sophia' now resonate through the conservation centres at Sudasari and Sam, where science, strategy and national pride are working together to revive one of India's most endangered bird species. "By giving these chicks these ...Read More >
New Delhi [India], June 7 (ANI): The New Coast Guard Jetty at Vizhinjam was inaugurated by Director General S Paramesh, AVSM, PTM, TM of Indian Coast Guard in the presence of Inspector General Bhisham Sharma, PTM, TM, Commander Coast Guard Region(West) in an official ceremony held at Vizhinjam on Saturday, a release said on Saturday. As per the release, the CG Jetty at Vizhinjam will be a cutting-edge in safe berthing and swift deployment of surface assets. The newly inaugurated berth with 76.70 M length, 8 M Breadth and 4- 6 M depth can accommodate the present Coast Guard vessels held at Viz ...Read More >
New Delhi [India], June 8 (ANI): Amid the ongoing Operation Sindoor against Pakistan, the Defence Ministry is going to take up Rs 10,000 crore proposal to buy three sophisticated spy planes to help Indian Air Force get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other mobile objects. The Rs 10,000 crore project for the Intelligence, Surveillance, Target Acquisition and Reconnaissance (I-STAR) is expected to be taken up for clearance at a high-level defence ministry meeting scheduled to be held in the four ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
Nagpur: Development without ecology is not development it is devastation in disguise, remarked, environmentalist and member of the State Board for Wildlife Shrikant Tekade while addressing a World Environment Day programme organised by RTO Nagpur in collaboration with the Institute of Environment, Ecology, Health & Management (IEEHM).Speaking on this year's theme 'Beat Plastic Pollution and Deforestation', Tekade painted a grim picture of plastic misuse and its growing impact on both urban and forest ecosystems. He pointed out that Nagpur generates over 1,100 tonnes of municipal waste daily, o ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
Bhubaneswar: As India ushers in a new era in professional sports with the launch of the inaugural Rugby Premier League in the country, the Kalinga Black Tigers - one of the league's founding teams- marked a significant milestone with the unveiling of their official jersey and mascot at the Kalinga Stadium in Bhubaneswar Saturday. Backed by I-lunch Ventures, an investment firm deeply rooted in Odisha, the Kalinga Black Tigers represent more than just a sporting franchise; they embody a broader vision for the state's development and recognition on the national stage. Hunch Ventures has consiste ...Read More >
New Delhi [India], June 8 (ANI): The Director General of the Indian Coast Guard (ICG), Paramesh Sivamani, officially inaugurated a new dedicated ICG jetty at Vizhinjam Harbour in Kerala on Saturday. According to the release, the 76.7-metre advanced berth will facilitate the expedited deployment and turnaround of Indian Coast Guard vessels, thereby enhancing operational readiness for critical functions such as coastal surveillance, search and rescue operations, anti-smuggling efforts, and fisheries protection. Strategically located just 10 nautical miles from key international shipping lanes a ...Read More >