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 Kaveri Travels sleeper bus involved in Friday's tragic accident had a troubling record, racking up 16 traffic violations in Telangana, with fines totalling Rs 23,000, despite holding valid fitness, permit and insurance documents, officials said. Records reveal that the seven-year-old Scania bus (registration number DD01N9490) was registered under the Rayagada Regional Transport Office (RTO) in Odisha on August 8, 2018. The vehicle carried a base tourist permit issued by Odisha authorities, valid until April 30, 2030, and an All India Tourist Permit (AITP) from the Ministry of Road Transport and Highways, valid till July 31, 2026. Its fitness certificate, issued by Daman and Diu, remains valid until March 31, 2027, while road tax has been cleared up to March 31, 2026. The bus was also insured with New India Assurance Company, with coverage valid through April 20, 2026. Despite possessing all legal documentation, officials said it had amassed at least 16 challans, reportedly for overspeeding. The officials are yet to confirm if there are any safety violations. Kaveri Travels management DENIES negligence Kaveri Travels management said the tragedy unfolded after a motorcycle skidded on the rain-soaked road. "As the biker was travelling at high speed, the burning bike went under the bus, causing flames near the main door and trapping several passengers inside," they said. The management claimed that the drivers acted heroically, breaking window panes to help passengers escape the blaze. They also confirmed that all 40 passengers on board held valid reservations and were protected under the travel insurance provided by the agency.
Inflows into corporate bond funds have risen to multi-year highs in recent months with the risk-reward dynamics of AAA-rated corporate bonds improving significantly vis-a-vis government securities (g-secs), especially in the near term. The inflows into corporate bond funds jumped sharply in September 2024 to a multi-year high of Rs 5,039 crore. Investors poured in another Rs 4,644 crore in October. Including around Rs 2,200 crore estimated inflows in November, the three month tally rises to Rs 1 ...Read More >
Bhubaneswar, Jan 31 (PTI) The Odisha Vigilance Department on Friday arrested an official of the Integrated Tribal Development Agency (ITDA) of Mayurbhanj district after detecting disproportionate assets in his possession. The arrested official was a project administrator at the ITDA in the district's Bonai area. Also Read | 'Touched Private Parts Pricked With Pen': Tuition Teacher in Nagaur, Rajasthan Sexually Abused Class 2 Girl for 6 Months, Arrested. A case has been registered at the Rourkela vigilance police station against the official and his wife under various sections of Prevention ...Read More >
Bengaluru, Feb 4 (SocialNews.XYZ) In a major Regional Transport Office operation, 30 luxury cars, including Ferrari and Porsche, were seized for alleged tax evasion in Bengaluru. The seizure of luxury cars is done for non-payment of taxes by the owners, an RTO official said on Monday. The seized vehicles were registered in different states but illegally driven in Karnataka. This operation is expected to recover around Rs 3 crore in taxes. Luxury cars, including Maserati, Ferrari, Porsche, Range Rover, and BMW have been seized, the sources said. These top-end cars were registered in states ...Read More >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June ...Read More >
New Delhi: State-owned Central Bank of India on Thursday said it acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (June 4), the bank has ventured into the insurance sector, Central Bank of India said in a regulatory filing. At present, Central Bank of India has 25.28 per cent stake in FGILICL, which had earned a gross written premium of Rs 1,810.53 crore in FY24. The CCI has also approved a 25.18 per cent equity s ...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 >
Hyderabad: Indian Motorcycle, an American motorcycle brand, has officially announced the updated price list for the MY2025 stock in India. The updated prices apply to all Indian Motorcycle dealerships across India. Models such as the Chief, Chieftain, Challenger, Springfield, Pursuit, and the Roadmaster have gone through this latest price update. Indian Motorcycle MY2025 price list The cruiser-style motorcycle lineups, such as the Chief and Springfield, start from Rs 23.52 lakh (ex-showroom) and Rs 41.96 lakh (ex-showroom), respectively. The cruiser-tourer style motorcycle lineups, including ...Read More >
New Delhi/Noida, Jun 27 (PTI) End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday. EOL vehicles are diesel vehicles older than 10 years and petrol vehicles older than 15 years. Irrespective of the states they are registered in, they will not be given fuel in Delhi starting July 1, according to directions issued by the Commission for Air Quality Management (CAQM) earlier. Around 500 fuel stations in Delhi have inst ...Read More >
Chennai, Jun 28 (PTI) Two and three-wheeler manufacturer TVS Motor Company has launched OBD2B Compliant 2025 TVS Apache RTR 160 cc motorcycle, equipped with OBD2B compliance, Dual-Channel Anti-lock Braking System (ABS). The new range of its highly popular motorcycle is priced from Rs 1.34 lakh (ex-showroom Delhi). Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "The 2025 TVS Apache RTR 160 is OBD2B compliant and introduces dual channel ABS, delivering enhanced safety and contro ...Read More >
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...Read More >
New Delhi: Vehicle owners may soon get a new and easier way to pay tolls in India. The government is planning to introduce a FASTag Annual Pass that will allow unlimited travel on national highways and expressways. This was reported by the Times of India on May 24. The new system is being considered by the Ministry of Road Transport and Highways (MoRTH). If introduced, the FASTag Annual Pass will cost Rs 3,000 per year. With this one-time payment, users can travel freely across highways without paying toll charges each time. This move is expected to make road travel smoother and more afforda ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
Guwahati, June 26: The Centre has reviewed key infrastructure projects in of Sikkim, Nagaland, Assam, and Arunachal Pradesh, reaffirming its commitment to boosting regional connectivity, power generation, and investment climate in the region. The high-level meeting, chaired by Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia, brought together senior officials from various Central ministries, state governments, and project proponents. The session, on Thursday, was facilitated by the Project Monitoring Group (PMG) to address bottlenecks th ...Read More >
The Delhi-Mumbai Expressway's Wayside Amenity Stations, initiated by NHAI, are revolutionizing the travel experience for long-distance truck drivers. These driver-centric stations offer essential facilities such as rest areas, dining, and refueling, significantly enhancing comfort, safety, and convenience for India's highway heroes. The Delhi-Mumbai Expressway, one of the most ambitious infrastructure projects by the Ministry of Road Transport and Highways, is setting new standards in eco-sensit ...Read More >
New Delhi, Jun 27 (PTI) The higher oil prices triggered by a brief Israel-Iran war have come down, but it is too soon to sound the "all clear" for the rest of the year, said a finance ministry report on Friday. The ministry's monthly economic review also stressed that with no major imbalances in the macro aggregates, a subdued inflation rate combined with a growth-supportive monetary policy stance, India's macroeconomic health is in a relative goldilocks situation. Also Read | UK F-35B Lightning II Stealth Fighter Jet To Be Moved to Thiruvananthapuram Airport's Repair Facility As It Awaits R ...Read More >
Bengaluru: Acting on a public interest litigation (PIL) by farmer leader Sunanda Jayaram challenging the proposed Cauvery Aarti programme near Krishnaraja Sagar (KRS) dam, the high court Friday ordered notice to the state govt, Karnataka Neeravari Nigam Ltd, and others. A division bench comprising acting Chief Justice V Kameshwar Rao and Justice CM Joshi directed authorities to submit a detailed response, including measures to ensure safety of the dam, by the next hearing on July 23.Another PIL, challenging a tender to erect an amusement park at the dam, will also be heard the same day. K Bora ...Read More >
Mumbai, December 3: Three people including the car driver have been arrested for allegedly dragging a biker rider on the bonnet of the car for 2 kilometres in Maharashtra's Pune, a police officer said on Tuesday. The incident unfolded on December 1 in Pune's Pimpri Chinchwad following an altercation with the car driver, the official said. Pune Police Inspector Ashok Shirke said that car driver along with his two friends have been arrested and booked under section 103 of Bharatiya Nyaya Sanhita. Pune Shocker: Audi Driver Drags Bike Rider on Car Bonnet for 2 Kms After Altercation in Pimpri Chinc ...Read More >
Chennai, Dec 10 (PTI) Standalone health insurance company Star Health Insurance has targeted doubling its business in Tamil Nadu over the next four years, a top official said. As part of its growth strategy, the company plans to add 12,000 new agents across Tamil Nadu and expand its footprint with 25 new offices in both rural and urban areas in FY2025. Also Read | 7th Pay Commission Latest News: Narendra Modi Government Likely To Hike DA for Employees by 3% in January 2025, Check Details. Star ...Read More >
New Delhi, Jun 2 (PTI) Global automobile makers including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said on Monday. The said companies have expressed interest during the stakeholder discussions between the government and the industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India', the detailed guidelines for which were unveiled by the minister. While the scheme was notified on March 15 last year, its guidelines were issued on Monday. Offici ...Read More >
Lucknow: Central Bureau of Investigation (CBI) apprehended Rehmat Ali, a recovery agent with Prathma UP Gramin Bank in Rampur, for allegedly demanding and accepting a bribe of Rs 20,000 from a complainant.According to officials, CBI registered case on Jun 4, against Ali and unknown public servants based on allegations that the accused demanded illegal gratification to facilitate the processing of a Rs 4 lakh insurance claim. Ali reportedly assured the complainant that he could influence the bank's branch manager to expedite the claim in return for the bribe. Following verification of the compl ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...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 >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in t ...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 >
Bengaluru: Embarrassed again by another untimely outburst -- this time from a cabinet colleague -- chief minister and his deputy DK Shivakumar Friday played down minister KN Rajanna's comments hinting at major political developments in the state post-Sept. The two insisted that there is no rift in the state Congress unit."Minister KN Rajanna only said there may be political developments in the state, but he did not say it is certain to happen. It is better to ignore his remarks," Siddaramaiah said on the sidelines of an event to mark the 516th birth anniversary of Nadaprabhu Kempegowda, widely ...Read More >
New Delhi, Dec 13 (PTI) Subscribers of the retirement fund body EPFO may soon be able to withdraw money from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly stated in a media report that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce. She further said that claimants, beneficiaries or insured individuals will be able to access their claims through an ATM. According to the media report, the withdrawal will be capped at 50 per cent of the Employees' Provident Fund ( ...Read More >