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.
Coimbatore: The project to renovate Gandhipuram central bus stand at a cost of Rs30 crore is yet to take off with the state authorities yet to approve the revised detailed project report that the city corporation forwarded to them earlier this year.Corporation commissioner M Sivaguru Prabakaran said they had shot off two reminder letters to the Municipal Administration and Water Supply Department, seeking to speed up the approval process. "The proposal has to go through the Municipal Administration and Water Supply Department to the funding body. The latest reminder letter was sent to the department 15 days ago. We are constantly following up on the proposal over the phone as well. The approval is expected to come through shortly," the corporation commissioner said. Once the approval is granted, he said, the entire operations from the central bus stand could be temporarily shifted to the Thiruvalluvar bus stand, which is the best alternative nearby. "If not, we have to explore another alternative." The detailed project report was prepared by an expert team from IIT Madras that the city corporation roped in to assist with various projects, including revamping of major bus stands in the city. The detailed project report for the renovation of Gandhipuram central bus stand was submitted to the state govt along with that for the Ukkadam bus stand. The proposal for the renovation of Ukkadam bus stand was approved and work has been started. The Gandhipuram central bus stand records an average footfall of 30,000 passengers daily, and 750 buses are being operated every day to Tirupur, Erode, Salem, Namakkal, Sathyamangalam, Avinashi, Mettupalayam and Anaikatti. Bus bays to accommodate 1,400 buses, air-conditioned waiting rooms, shops, a cloak room, parking lot for private vehicles, toilets and a feeding room are all part of the renovation project.
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
CHENNAI: Congratulating A Rajeshwari, a Malayali tribal girl from Karumandurai, a village in the Kalvarayan Hills, who secured an all-India rank of 417 under the Scheduled Tribe category in JEE Advanced, Chief Minister MK Stalin on Thursday announced that the state will bear the entire expenses for her higher studies. TNIE was the first to report the story The CM, in a post on his X handle, said, "I salute Rajeshwari, a student of the government residential school, for realising her father's dream even after his death. More girls like Rajeshwari joining the IIT will be a real source of pride ...Read More >
Chennai: In a landmark feat, IT-Madras has released the world's first high-resolution detailed 3D images of the human foetal brain, pushing the frontiers of brain mapping technology and placing India in the global league in this segment of science. This data set, termed 'DHARANI', is open source, meaning it is freely available for all researchers world-wide. For the first time globally, 5,132 brain sections have been captured digitally using cutting-edge brain mapping technology developed by Sudha Gopalakrishnan Brain Centre at the IIT. This work will advance the field of neuroscience and pot ...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 >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
When a web developer proudly announced on X that he'd just completed his Coursera course with the help of Perplexity AI's Comet browser, he probably wasn't expecting to get schooled by the company's own CEO. But that's exactly what happened, and the internet can't stop talking about it. The saga began when an X user named Amrit Nigam, who describes himself as a web developer, posted a short 16-second video showing Comet in action. In the clip, Comet AI is seen breezing through a 45-minute Course ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
CHENNAI: In a major step towards building a skilled semiconductor workforce, the Tamil Nadu government on Friday launched the Centre for Advanced Semiconductor Technologies under the Tamil Nadu Semiconductor Mission 2030. The facility, established in collaboration with IIT-Madras, will begin operations within five months. Launching the centre on the IIT-Madras campus, State Industries Minister TRB Rajaa said the initiative is aimed at positioning Tamil Nadu as the primary source of highly skilled talent for the global semiconductor industry. "India faces a gap in semiconductor fabrication ex ...Read More >
Dharmapuri (Tamil Nadu) [India], March 31 (ANI): Tamil Nadu Deputy Chief Minister and DMK Youth Wing Secretary Udayanidhi Stalin on Tuesday held an election campaign in the Dharmapuri area ahead of the upcoming Legislative Assembly elections in the state. The Tamil Nadu Legislative Assembly elections are scheduled to be held on April 23, 2026, to elect over 234 members. The counting of votes will take place on May 4. Also Read | Nagaland State Lottery Sambad Result Today 8 PM Live: Dear Destiny Tuesday Lottery Result of March 31, 2026 Declared Online, Watch Lucky Draw Winners List. Earlier ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some small measures, we have tried to be part of the startup ecosystem, the startup fund of funds, and var ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
In August 2022, Srinivas co-founded Perplexity AI with Denis Yarats and Andy Konwinski. New Delhi: Aravind Srinivas, the 31-year-old Chennai-born AI entrepreneur, has entered the M3M Hurun India Rich List 2025 as the country's youngest billionaire. With an estimated net worth of Rs 21,190 crore, Srinivas, the founder and CEO of the AI startup Perplexity, is now a prominent name in the tech world, especially in generative AI. Born on June 7, 1994, in Chennai, Tamil Nadu, Srinivas developed an e ...Read More >
Chennai: As high as 99% of all the goods which were earlier in the 12 per cent GST bracket have now been brought down to the 5 per cent GST bracket, Finance Minister Nirmala Sitharaman said Sunday. She made the remarks while addressing a joint conclave of the Trade and Industries Association, titled 'Tax Reforms for Rising Bharat' in Chennai, Tamil Nadu. The sweeping GST rationalisation and reforms unveiled after the GST Council meeting on September 3, once implemented, are expected to bring about a massive change across the country, directly impacting India's 1.4 billion citizens. The tax cu ...Read More >
New Delhi, Nov 17 (PTI) Indian Institute of Technology, Madras and Indian Railways Finance Corporation (IRFC) have set up country's first Single Cell Omics Translational (SCOT) research laboratory, officials said on Monday. Equipped with state-of-the-art instrumentation, the SCOT lab will facilitate early diagnosis, disease prognosis, biomarker discovery and drug screening across a spectrum of diseases -- including cancer, cardiovascular, infectious, inflammatory, metabolic, and other non-communicable diseases, they said. IRFC is providing a CSR grant of Rs 10.83 crore to establish this lab, ...Read More >
Coimbatore (Tamil Nadu) [India], April 9 (ANI): Union Minister for Commerce and Industry Piyush Goyal on Thursday launched a sharp attack on the ruling DMK government of Tamil Nadu, saying that they pushed backwards due to corruption and poor governance. Addressing the media here, he further claimed that drug abuse has adversely affected the youth and accused the government of enabling a deteriorating administrative environment compared to the tenure of former Chief Minister J Jayalalithaa. He alleged that the government relies heavily on YouTubers and social media for functioning and accuse ...Read More >
Bengaluru - Indo MIM Limited, world's largest manufacturer of precision engineering components using metal injection molding (MIM) technology (as per a F&S report) has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO). According to the DRHP, the proposed IPO of the Bengaluru-headquartered company combines a fresh issue of equity shares aggregating up to Rs. 1,000 crore with an offer for sale (OFS) of up to 12,96,74,393 equity shares (12.97 crore equity shares) by the selling shareholders. As part of the O ...Read More >
Jayshree Ullal (left), Kiran Mazumdar-Shaw (centre), Falguni Nayar (right) India's businesswomen and entrepreneurs recently made history at the release of the M3M Hurun Rich List 2025 on Wednesday. As per the annual report published by the Hurun Research Institute, which tracks the wealth and assets of India's most affluent groups and families, India's businesswomen made history this week by featuring in the top spot of the Hurun India rich list for the very first time. Roshni Nadar Malhotra (44) & family debut in the Top 3 with a wealth of Rs 2.84 lakh crore, becoming India's richest woman ...Read More >
GST 2.0 simplifies India's indirect tax regime with two core rates of 5% and 18%, plus a 40% de-merit slab. Insurance premiums become GST-exempt, renewables gain from lower costs, and consumer electronics see relief. The reform aims to boost compliance, influence spending patterns, and realign sectoral margins. India's indirect tax regime has undergone a structural shift. Announced on September 5, 2025, and scheduled to take effect from September 22, GST 2.0 rationalises the current four-tiered ...Read More >
Thiruvananthapuram, Dec 4 (PTI) Vizhinjam International Port, India's first international deep-water transshipment port, has received the commercial commissioning certificate following the successful completion of its trial run. An independent engineer from the Indian Institute of Technology, Madras, handed over the commercial commissioning certificate to Kerala's Minister for Ports, Devaswom, and Cooperatives, V N Vasavan, at his office here on Wednesday. The certificate was issued a day after the minister announced the official completion of the first phase of operations. A grand inaugura ...Read More >
Chennai, Aug 1 (PTI) The Tamil Nadu government on Friday announced that it has partnered with IIT Madras to establish the Centre for Advanced Semiconductor Technologies, marking the first major initiative under the Tamil Nadu Semiconductor Mission 2030. Announced in the State Budget 2025-26, the plan aims to position Tamil Nadu as a global hub for semiconductor innovation and manufacturing. The upcoming centre, according to an official release, will be located at the Central Polytechnic Campus in Chennai and will house India's first in situ semiconductor fab processing facility. Supported b ...Read More >
Chennai (Tamil Nadu) [India], September 16 (ANI): AIADMK General Secretary Edappadi K Palaniswami praised the Bharatiya Janata Party (BJP) for extending consistent support to his party, especially after the demise of former Chief Minister J Jayalalithaa, while strongly criticising the DMK government for its alleged failures in maintaining law and order in Tamil Nadu. Speaking at a public meeting in Chennai to mark the birth anniversary of former Chief Minister CN Annadurai, Palaniswami said that, during the time AIADMK was in power, and even now, those in the Centre (BJP) have never issued an ...Read More >
Union Minister Nitin Gadkari announced India's logistics costs will drop to single digits by December, thanks to expressway expansion. He also revealed plans to make India the world's top automobile producer within five years and highlighted the economic and environmental benefits of promoting biofuels and utilizing waste in road construction. Logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors, Union Minis ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its fi ...Read More >
BusinessWire India New Delhi [India], July 3: In a landmark move to accelerate India's deeptech ecosystem, Startup Policy Forum (SPF) has launched #100DesiDeepTechs -- a first-of-its-kind multistakeholder initiative to identify and empower India's top 100 deeptech startups, in collaboration with Startup India - DPIIT, MEITY Startup Hub and IIT-Madras. This initiative aims to foster a robust policy dialogue and drive the nation's deeptech agenda forward. Applications are now open for startups across India to join this exclusive cohort. Selected startups will participate in closed-door deepte ...Read More >
T.R.B. Rajaa, Tamil Nadu Industries Minister, and V. Kamakoti, Director, IIT Madras, at a press conference in Chennai to announce the launch of a Centre for Advanced Semiconductor Technologies, at IIT Madras, on Friday, August 1, 2025. In a pioneering move for India's technological landscape, the Tamil Nadu government is coming out with a 'School of Semiconductor' initiative . As the first intervention under this initiative to address workforce readiness, a Centre for Advanced Semiconductor Technologies -- powered by a first-of-its-kind in situ semiconductor fab processing facility in India - ...Read More >
CHENNAI: Union Finance Minister Nirmala Sitharaman on Sunday said that the reduction in Goods and Services Tax (GST) rates has significantly eased the tax burden on people and strengthened state revenues. Speaking at the 'Tax Reforms for Rising Bharat' conclave in Mylapore here, Sitharaman said Prime Minister Narendra Modi had entrusted her with the responsibility of explaining GST when it was introduced in 2017. "Back then, the GST regime had four tax slabs. Today, we have simplified it to two, 5% and 18%. Nearly 90% of goods that earlier attracted 18% have been reduced to 5% or exempted alt ...Read More >