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.
Bhubaneswar, Oct 25 (PTI) The Odisha government on Saturday said it has activated its disaster readiness model in view of an impending severe cyclonic storm (SCS) likely to cross neighbouring Andhra Pradesh coast on October 28, officials said. The India Meteorological Department (IMD) has issued the pre-cyclone watch for South Odisha coasts and said the state was likely to witness heavy rain for three days from October 27 as a low-pressure area over the Bay of Bengal intensified into a depression. In its 5.30 PM bulletin, the IMD said the depression moved nearly westwards and lay centred around 970 km southeast of Kakinada (Andhra Pradesh) and 1,030 km south-southeast of Gopalpur (Odisha). Depression is a weather condition followed by a low-pressure area and preceded by a cyclonic storm, a scientist at the IMD at Bhubaneswar Centre said. "It is likely to move nearly west-northwestwards, intensify into a deep depression by October 26 and into a cyclonic storm over southwest and adjoining westcentral Bay of Bengal by October 27 morning," it said, adding that thereafter, it is likely to move northwestwards, then north-northwestwards and intensify into a severe cyclonic storm by morning of October 28. "Continuing to move north-northwestwards, it is very likely to cross Andhra Pradesh coast between Machilipatnam and Kalingapatnam around Kakinada during evening/night of October 28 as a severe cyclonic storm with a maximum sustained wind speed of 110 kmph," the IMD said. Though the system will not have direct impact on the state, a portion of South Odisha remains within the "cone of uncertainty", with the possibility of heavy rainfall and strong winds in some districts. According to Dr Manorama Mohanty, the director of Meteorological Centre, Bhubaneswar, the IMD has issued red warning of rains and wind in certain districts of southern and coastal districts on October 28 and 29. While red alert (rainfall of 20 cm and above) has been issued for the districts of Ganjam, Gajapati, Rayagada, Koraput and Malkangiri, Orange warning of heavy to very heavy rainfall of 12 cm to 20 cm has been issued for the districts of Puri, Khurda, Nayagarh, Kandhamal, Kalahandi and Nabarangpur on October 28. Similarly, for October 29, the IMD issued red warning for the districts of Rayagada, Kalahandi, Nabarangpur, Koraput and Malkangiri and orange warning for the districts of Gajapati, Ganjam, Kandhamal, Boudh, Bolangir and Nuapada. Nine other districts have been identified under yellow warning area where rainfall of 7 cm to 11 cm is likely to occur, she said. The IMD said squally weather with wind speed reaching up to 55 kmph is likely to prevail along and off south Odisha coast from October 26 evening. "It is likely to increase to 65 kmph from October 27 evening and then further increase to 80 kmph from October 28 evening to early hours of October 29 along and off south Odisha coast and decrease gradually thereafter," the IMD said. The IMD's latest statement said sea conditions is very likely to be rough to very rough along and off Odisha coast from October 26 evening to October 27 evening. "Advise fishermen not to venture into sea from October 26 to 29. Those out at sea area should return to the coast immediately," the IMD said. The IMD also issued Port Warning Signals and advised hoist of Distant Cautionary Signal No-I (DC-1) at all ports of the state. Revenue and Disaster Management Minister Suresh Pujari reviewed the situation in a high-level meeting with district collectors and directed them to remain prepared for any eventuality. "Around 15 districts in coastal and southern regions of the state are likely to be impacted by the changed weather condition. Though the IMD has forecast that the cyclone will cross AP coast, we are keeping all apparatus ready if the cyclone changes its direction. All necessary measures have been taken based on past experiences," Pujari said. He added, "Relief materials, medicines and other essential supplies are sufficiently stocked for emergency. District authorities have been asked to give priority to saving human and animal lives while protecting property." The minister added that the state government has already kept NDRF, ODRAF, Fire Services teams ready for any eventuality. The collectors of Balasore and Ganjam have cancelled the leaves of government employees in wake of the impending weather condition, the minister added. With IMD issuing alerts on sea conditions, authorities have started using public address systems and informing fishermen not to venture into the ocean from October 25 to 29. Awareness drives through loudspeakers are being conducted along the coast, officials said. PTI AAM BDC AAM MNB
aipur, Nov 25 ( IANS) Jaipur District Collector Jitendra Kumar Soni on Monday instructed the departmental officials to make every possible effort with mutual cooperation and coordination to make the district beggar-free. He directed to ensure effective rehabilitation of people involved in beggary so that such persons leave begging and start a respectable life on the basis of their skills and hard work. The district collector held a meeting on Monday in the Collectorate Auditorium regarding the rehabilitation of people involved in beggary. As the Rising Rajasthan Global Investment Summit wil ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
Chennai Rain: A low-pressure area over the Southeast Bay of Bengal has developed into a deep depression, according to latest report from the India Meteorological Department (IMD). This weather system is moving west-northwest and is expected to approach the Sri Lanka-Tamil Nadu coast within the next 24 hours. The IMD has indicated that the low-pressure system is currently crossing Sri Lanka, particularly near Rameswaram and Thoothukudi in the Gulf of Mannar. Consequently, Tamil Nadu experienced heavy rainfall overnight on December 11. As the system continues its journey into the Arabian Sea, i ...Read More >
Bhubaneswar: Opposition BJD and Congress MLAs Tuesday staged a walkout from the Odisha assembly, accusing the ruling BJP of failing to control prices of essential commodities and resolve the potato crisis in the state. The issues were debated in the House over the admissibility of an adjournment motion moved by the Opposition on price rise of vegetables, pulses, edible oil and fuel. The opposition members took exception to comments made by Food Supplies and Consumer Welfare Minister K C Patra that adverse climate conditions, rates in international and domestic markets, and less production by ...Read More >
New Delhi, Dec 11 (PTI) The national capital on Wednesday recorded the lowest minimum temperature of this winter season so far with the mercury dropping sharply to 4.9 degrees Celsius compared to 8 degrees Celsius the previous day. "The minimum temperature of 4.9 degrees Celsius reported over Safdarjung is the lowest minimum of this winter season. The same minimum temperature of 4.9 degrees Celsius was reported last year also, on 15th December," the India Meteorological Department said. ...Read More >
A statement issued by the Bijapur police said the incident took place in Somnapalli village under Farsegarh Police Station area of the district. According to the statement, the Maoists dragged 35-year-old Kudiyaam Mado out of his house and strangled him to death. Mado was the district vice president of Bharatiya Janata Kisan Morcha -the farmers' unit of the BJP. Police said that they have also recovered a pamphlet issued by the banned CPI (Maoist)'s Bijapur National Park Area Committee, in whic ...Read More >
Bengaluru, Dec 12 (PTI) Rains lashed Bengaluru and parts of the south interior and coastal districts of Karnataka, causing traffic congestion on Thursday, officials said. For the next 24 hours, Bengaluru city and neighbourhood areas are likely to witness a generally cloudy sky with moderate rain likely in some areas, they said. In a statement, the India Meteorological Department (IMD) attributed the weather to a well marked low pressure area over Gulf of Mannar and neighbourhood with the associated upper air cyclonic circulation extending up to midtropospheric levels persists. The system is ...Read More >
Guwahati, Jan 10 (PTI) The 'sardar' of workers of the coal mine in Assam's Dima Hasao district, where eight miners remained trapped, was arrested, even as a dewatering exercise continued in the quarry to facilitate the resumption of rescue operations, police said on Friday. The fate of the trapped miners appeared to be grim with personnel involved in the rescue operations racing against time to bring them out of the ill-fated quarry, while the body of one labourer, hailing from Nepal, has been recovered from there, an official said. "The 'sardar' (head) of the miners, who had fled the quarry ...Read More >
Muzaffarnagar (UP), Dec 6 (PTI) A teacher who asked other students to slap a Muslim boy in a school here surrendered at a POCSO court and was released on bail, an official said on Friday. Tripta Tyagi was caught last year in a video asking children to slap a boy in a school where she taught. Additional District Judge (POCSO) Alka Bharti on Thursday granted her bail and ordered her to furnish two sureties of Rs 25,000 each. She posted the matter for further hearing on Friday. Kapil Ahlawat, Tyagi's lawyer, told PTI that Tyagi had surrendered in the Special POCSO court on Thursday and sought ...Read More >
Chennai,Tamil Nadu - A deep depression forming over the Southeast Bay of Bengal is set to bring heavy rainfall to Tamil Nadu,with Chennai expected to see showers until Thursday night. the system,which intensified from a low-pressure area,is predicted to move west-northwest,crossing Sri Lanka near Rameswaram and Thoothukudi before entering the Gulf of Mannar. The India Meteorological Department (IMD) issued an update stating that the depression is likely to move further into the Arabian Sea, passing thru the Delta and southern Tamil Nadu regions. This will result in continued rainfall acr ...Read More >
Bhubaneswar, Jan 22 (PTI) The police have intensified security to thwart the possible efforts of the Maoists to enter Odisha following an operation that left 14 red rebels dead in neighbouring Chhattisgarh, an official said on Wednesday. The police remained alert in the districts bordering Chhattisgarh as combing operations were underway in Chhattisgarh. "We have put the police and central forces deployed in different districts to remain alert and prevent possible infiltration of Maoists from the neighbouring state," Odisha DGP Y B Khurania said after holding a review meeting. Khurania along ...Read More >
New Delhi, Jan 31 (PTI) The national capital wrapped up a rather warm January with Friday's maximum temperature reaching 27 degrees Celsius, making it the city's warmest day in the month since 2019. The month's average maximum temperature was 21.1 degrees Celsius, a notch above the long-period average of 20.1 degrees Celsius, marking it as Delhi's warmest January since 2019. According to India Meteorological Department (IMD) data, nighttime temperatures were also higher than usual. The average minimum temperature for the month settled at 8.5 degrees Celsius, a notch above the LPA of 7.5 deg ...Read More >
Itanagar, Dec 5 (PTI) The Arunachal Pradesh government has inked a memorandum of agreement (MoA) with the Indian Army for the maintenance and upkeep of the Major Ralengnao Bob Khathing Museum of Valour in Tawang district. The memorandum was signed by Tawang Deputy Commissioner Kangki Darang and Brigadier VS Rajput of the 190 Mountain Brigade on Wednesday in the presence of Chief Minister Pema Khandu. With this agreement, the museum will be effectively managed solely by the Indian Army, an official statement said here on Thursday. On the occasion, Khandu paid tributes to Sardar Vallabhbhai P ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...Read More >
KOLKATA: With the mercury dipping below 14 degrees before Dec 15, winter has set in early this year. In the past 11 years, the mercury dipped below 14 degrees before Dec 15 only once - in 2014. Even as the city started yearning for the chill, the Met office predicted a slight rise in mercury from Monday due to twin weather systems - one over the Bay of Bengal and another over north India. The minimum temperature plunged to 13.8 degrees on Thursday. The only time it dipped this low before the Dec fortnight was a decade ago. In the past two days, there has been a slight rise, with it standing a ...Read More >
Sambhal (UP), Dec 15 (PTI) Weeks after violent clashes over a court-ordered survey of the Shahi Jama Masjid claimed four lives, the district administration has launched a campaign against encroachments and illegal power theft in the area around the historic mosque. As part of its efforts, the administration began removing encroachments from the area on Sunday morning. According to Additional Superintendent of Police (ASP) Shrish Chandra, the focus is on clearing drains outside houses and shops in the area under the Nakhasa police station. The area is close to the residence of Samajwadi Part ...Read More >
According to Indian Express, Bidar, Vijayapura, Bijapur, and Kalburgi are likely to experience severe cold wave conditions, with temperatures falling to 6-7°C, far below the seasonal norm of 12-13°C for December. Meanwhile, Yadgir, Raichur, and Bagalkot will see minimum temperatures around 10°C, a significant dip from their usual 14-15°C, the report added. In South Interior Karnataka, temperatures will likely fall by 2-3°C below normal for the next three days, with Bengaluru also witnessing ...Read More >
UP School holiday: Due to cold waves and low temperatures, schools in several districts of Uttar Pradesh remain closed. Authorities are closely monitoring the weather to make decisions about reopening. In some areas, the weather is still unfavorable, allowing students to enjoy holidays until January 25, 2025. As per orders from District Magistrate Chandra Vijay Singh, all schools in Ayodhya for classes up to 5 will remain closed until January 25, 2025. Students from classes 6 to 12 must attend classes from 10:00 AM to 3:00 PM. This order applies to aided, recognized, and schools of all boards ...Read More >
New Delhi, Jan 22 (PTI) Congress president Mallikarjun Kharge on Wednesday expressed his grief at the deaths of several people due to rumours of fire in the Pushpak Express in Maharashtra's Jalgaon and called for immediate compensation to the victims and punishment to the guilty. "Our deepest condolences to the bereaved families of the victims, we pray for the peace of the departed souls. We wish for the speedy recovery of the injured. "The government and administration are requested to provide immediate and appropriate compensation to the victims and take strict legal action against those g ...Read More >
Chennai ( Tamil Nadu) [India], November 27 (ANI): As a deep depression in the southwest Bay of Bengal is likely to intensify into a cyclone and move towards Tamil Nadu, the Indian Coast Guard has started coordinating with the state agencies to ensure seafarers' safety. The ICG said that its ships, aircraft and radar stations issued advisories for fishing boats to return to the harbour. "Deep Depression in the #BayofBengal likely to intensify into a cyclone and move towards #Tamilnadu, as per #IMD. @IndiaCoastGuard Region HQs (East) is coordinating with state agencies to ensure seafarers' saf ...Read More >
MahaRERA has so far issued 1,163 warrants worth ₹705.62 crore involving 442 real estate projects in Maharashtra. Of this, the MahaRERA has recovered around 29% or around ₹200 crore. Around ₹200 crore worth of compensation has so far been recovered from 283 recovery warrants issued to 139 real estate projects, MahaRERA said in a statement. Also Read: MahaRERA puts grading of real estate projects in Maharashtra on hold MahaRERA issues recovery orders against real estate developers in case of default in handing over possession of property to homebuyers. The execution of recovery warrants has to ...Read More >
Bengaluru, Dec 3 (PTI) The Karnataka government on Tuesday requested the Drugs Controller General of India (DCGI) to investigate and take necessary action against a West Bengal-based manufacturer, amid concerns that recent maternal deaths in Ballari district, could be linked to substandard Ringer Lactate solution supplied by the company. In a letter, Karnataka Health Principal Secretary Harsh Gupta, drew the attention of the DCGI to the supply of several batches of "Compound Sodium Lactate I P (Ringer's Lactate I P)" by the West Bengal-based pharmaceutical company Paschim Banga Pharmaceutical ...Read More >
Following violence in Sambhal on November 24 related to a mosque survey, authorities plan to publicly display posters of over 400 identified individuals involved. 32 have been arrested so far. The posters will exclude those arrested. The government aims to hold those responsible for property damage accountable. Four people were killed, and many injured during the clash.The Sambhal administration on Thursday said it will put up posters of those involved in the November 24 violence. "We will put up ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
Hyderabad, Dec 12 (VOICE) Cold wave conditions prevailed in parts of Telangana with minimum temperature dropping to single digit in at least six districts on Thursday. The average minimum temperature in the state was 14.3 degrees Celsius, which is 2.7 degrees below normal. Among all 33 districts, Adilabad was the coldest with average temperature of 9.3 degrees Celsius and Bela in Adilabad district was the coldest place in the state with the lowest temperature of 7 degrees Celsius, said meteorologists at the Telangana Development Planning Society (TGDPS). The lowest temperature in Sirpur (U) ...Read More >
Heavy rains lashed Thoothukudi and surrounding areas in Tamil Nadu on Sunday, causing severe waterlogging in several localities. The IMD predicts the formation of a low-pressure area in the Bay of Bengal, which is expected to intensify and move towards the Tamil Nadu coast, bringing further rainfall across the state in the coming days.Several parts of Thoothukudi and adjoining areas witnessed severe waterlogging on Sunday as heavy rains continued to lash parts of Tamil Nadu. Visuals showed water ...Read More >
Chennai, Dec 18 (VOICE) The Tamil Nadu police have ramped up security measures at border check posts with Kerala after reports of medical waste being dumped in a public area at Palavoor, Kadangallur, in Tirunelveli district surfaced.Patrolling has been intensified across various check posts in districts including Kanyakumari, Coimbatore, Gudalur, and Theni. Tirunelveli district police have warned of strict action against those involved in the illegal disposal. Environmental activists allege that large quantities of medical waste are being transported illegally from Kerala and dumped in Tamil ...Read More >
PUDUCHERRY: With the India Meteorological Department's (IMD) heavy rain forecast for Puducherry, the UT government has ramped up its preparedness to mitigate the impact, including uninterrupted electricity and drinking water supplies, evacuating residents from low-lying areas, and setting up relief camps. Puducherry experienced 7.69 cm of rainfall Karaikal received 9.6 cm of rainfall in the past 24 hours. After visiting several areas in the UT to assess the situation, Chief Minister N Rangasamy convened an emergency meeting with Public Works Minister Lakshminarayanan, Collector A Kulothungan ...Read More >
Bhubaneswar, Dec 3 (PTI) President Droupadi Murmu on Tuesday arrived in Odisha and unveiled a statue of Santali writer and educator Pandit Raghunath Murmu here. She also visited the Adim Owar Jarpa Jaher, a sacred place for Santals, in Bhubaneswar and offered prayers. The President was accorded a warm welcome at Biju Patnaik International Airport (BPIA), where she landed on a special aircraft of the Indian Air Force (IAF) to commence her five-day visit to Odisha. She was received at the airport by Governor Raghubar Das, Chief Minister Mohan Charan Majhi and other dignitaries. People standi ...Read More >
Sambhal (Uttar Pradesh) [India], December 3 (ANI): Sambhal District Magistrate Rajendra Pensiya on Tuesday wrote to the officers of neighbouring districts--Bulandshahr, Amroha, Ghaziabad, and Gautam Buddha Nagar--requesting them to stop Lok Sabha Leader of Opposition Rahul Gandhi at their district borders. The Sambhal DM addressed the letter to the Police Commissioners of Gautam Buddha Nagar and Ghaziabad, along with the Superintendents of Police (SP) of Amroha and Bulandshahr. "On November 24, a remaining survey was conducted, following which members of the Muslim community staged massive p ...Read More >