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 26 (PTI) Odisha Chief Minister Mohan Charan Majhi is scheduled to travel to Mumbai on Sunday to attend the prestigious India Maritime Week (IMW) 2025 on Monday. The IMW event will be inaugurated on Monday and will continue till October 31. Majhi will join the inaugural session as the guest of honour and later attend the Odisha special session in the afternoon, which will focus on the state's port-led investment opportunities and export potential through its sea ports, as per a statement issued by the Chief Minister's Office (CMO). A delegation from the Odisha government has already reached Mumbai to take part in the summit. Odisha's participation reflects its vision to become a major hub for port-led industrial growth and coastal economic development, the statement said. The state delegation will highlight investment opportunities in port-based industries, logistics, fisheries, and maritime technology, reaffirming Odisha's commitment to strengthening India's maritime trade and export ecosystem, it said. During the Odisha special session, the state will showcase its world-class port infrastructure, new developments, and vast maritime potential, inviting both domestic and international investors to explore new partnerships, the CMO said. This visit also marks an important moment as the Odisha government completes 500 days under the leadership of CM Majhi, continuing its strong focus on inclusive development, industrial growth, and employment generation. In the statement, the state welcomed investors, industry stakeholders, and maritime professionals to explore the state's opportunities and join its journey toward becoming a strategic gateway for trade, innovation, and sustainable maritime growth. India Maritime Week is a leading national and international event that brings together government leaders, industry experts, and investors to discuss progress and opportunities in maritime infrastructure, port development, and the blue economy. The summit aims to promote collaboration and innovation in India's growing maritime sector. PTI BBM BBM RG
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...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 >
Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum district, an initiative introduced in the country for the first time, a company statement said. Women employees were engaged in all the mining activities of the shift, including heavy earth moving machinery, shovel, loader, drill [...] Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum district, an initiative introduced in the country for the first time, a company statement said. Wome ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >
Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...Read More >
Bhubaneswar: The Odisha Assembly on Tuesday witnessed a noisy scene as Opposition BJD and Congress members held protests inside the House over alleged non-payment of salaries to around 60,000 women supporting staffers under the 'Mission Shakti' scheme. Leader of Opposition Naveen Patnaik accused the BJP government of "conspiring to stop" salaries of the 'Mission Shakti' staff. As soon as the Question Hour began, the BJD and Congress members trooped to the well of the House and demanded immediate release of salaries of around 60,000 women supporting staff working under the 'Mission Shakti' sch ...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 >
Khargone (MP), Dec 11 (PTI) Spiritual leader Sant Siyaram Baba passed away on Wednesday at 94 following a brief illness at his ashram on the banks of the Narmada river in Madhya Pradesh, an official said. Siyaram Baba breathed his last around 6.10 am in his ashram in Bhattyan village, said Khargone district Superintendent of Police Dharmaraj Meena. Condolences poured in from various quarters. Madhya Pradesh Chief Minister Mohan Yadav, former CM Digvijaya Singh, and ex-Union minister Arun Yadav among others expressed grief over the death of the Hindu seer, a revered figure in the Nimar region ...Read More >
The overall development of the country is not possible without the development of agriculture and farmers. The nation's economy can be strengthened by the development of agriculture, fishery production, and livestock, President Droupadi Murmu said on Thursday. Gracing the convocation ceremony of the Odisha University of Agriculture and Technology at Bhubaneswar, she said agriculture is facing new challenges such as natural disasters, adverse effects of climate change, decreasing per capita farm ...Read More >
Bhawanipatna: Odisha on Tuesday remembered freedom fighter and tribal icon Rando Majhi on his 169th martyrdom day. Rando headed a movement against the British from 1853 till he was shot dead by the police two years later. Taking to X, Chief Minister Mohan Charan Majhi said: "A humble tribute to the great freedom fighter, tribal leader Rando Majhi, on his Sacrifice Day. His dedication and sacrifice for the protection of motherland will always be remembered." Rando, along with his 19 associates, was gunned down by British police while taking rest at Urladani in Kalahandi district on December 10, ...Read More >
Nagpur, Dec 15 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday slammed the opposition parties, accusing them of not believing in the Constitution. Fadnavis landed in Nagpur to a grand welcome from party workers and people. Talking to reporters at Nagpur airport, Fadnavis said, "It is a joyous moment that after becoming the chief minister, I have come to my janmabhoomi and karmabhoomi (birthplace and workplace). Nagpur is my family, and it is welcome by my family." Fadnavis took oath as the chief minister for the third time on December 5 after the Mahayuti combine swept the Novem ...Read More >
New Delhi: The opposition INDIA bloc formed to take on the BJP led NDA in the 2024 Lok Sabha elections is struggling with internal rift with Jammu and Kashmir Chief Minister Omar Abdullah acknowledging the growing discontent among the alliance partners and asking Congress to justify its leadership role instead of taking it for granted. Suggesting the Congress to raise the issue of raise the issue of restoration of statehood in Jammu and Kashmir, Abdullah said the leadership "has to be earned" and cannot be taken for granted. "By virtue of being the single largest party in Parliament, and als ...Read More >
Amritsar, Dec 17 (PTI) Congress MP Gurjeet Singh Aujla on Tuesday urged the Punjab government to take steps to bring back the bodies of Punjabis who were among 11 Indians who died in a restaurant in Georgia. Eleven Indian nationals were found dead at a restaurant in Georgia's mountain resort of Gudauri, the Indian mission had said on Monday. Georgia's Ministry of Internal Affairs had said the initial inspection found no signs of injury or violence. All victims died from carbon monoxide poisoning, local media reported, citing police. The Indian mission in Tbilisi had said it was saddened to ...Read More >
Bhubaneswar: Famous producer Ektaa Kapoor has met Chief Minister Mohan Majhi in Odisha Assembly on Tuesday and thanked him for declaring 'The Sabarmati Report' tax-free in Odisha. She had urged Chief Minister Majhi and the Council of Ministers to watch the film. On November 28 Odisha government declared to remove the entertainment tax from 'The Sabarmati Report', informed Minister of Parliamentary Affairs Mukesh Mahaling. The movie is produced by her. Taking to his X handle, Chief Minister Mohan Charan Majhi said, "People's government has decided to make the film 'Sabarmati Report' based on ...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 >
Panaji, Dec 10 (PTI) Karachi-born Shane Sabastian Pereira entered India to live in his ancestral village in Goa just four months after his birth, but it has taken him 43 years to obtain Indian citizenship. Goa Chief Minister Pramod Sawant on Tuesday handed over the Indian citizenship certificate to the Pakistan-born Christian man under the Citizenship (Amendment) Act. Shane is the second person from the coastal state to receive the certificate, after Joseph Francis Pereira, another Pakistani citizen who was granted Indian citizenship in August this year. Shane, originally from Demello Wado ...Read More >
Patna, Dec 12 (PTI) Cricket prodigy Vaibhav Suryavanshi, who recently became the youngest player ever to secure an Indian Premiere League contract, called on Bihar Chief Minister Nitish Kumar on Thursday. Suryavanshi, who was accompanied by his father Sanjiv, met Kumar at the official residence of the Chief Minister. The teenager was presented with a shawl by Kumar, in the presence of Deputy CM Samrat Choudhary, among others. Hailing from Samastipur district of north Bihar, the young player made headlines last month when he signed a contract with Rajasthan Royals, becoming the youngest play ...Read More >
Kottayam (Kerala), Dec 12 (PTI) The historic struggle for equality that took place in Vaikom a century ago, popularly known as the Vaikom Satyagraha, was not a movement confined to Kerala but marked the starting point for various other struggles for social justice, Tamil Nadu Chief Minister M K Stalin said on Thursday. In his address at Vaikom in this district after inaugurating the renovated Thanthai Periyar Memorial and Periyar Library, Stalin said that while impressive strides have been made in areas of social justice and economy in 100 years, a lot more has to be achieved. Stalin inaugur ...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 >
Mumbai, Dec 5 (PTI) BJP legislature party leader Devendra Fadnavis will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony here to be attended by Prime Minister Narendra Modi and several other dignitaries. Fadnavis, who would be occupying the CM's post for the third time, along with two deputy chief ministers will take the oath of office, BJP leader Sudhir Mungantiwar told reporters, adding that other members of the cabinet will take oath later. Nationalist Congress Party chief Ajit Pawar and Shiv Sena chief Eknath Shinde are expected to take oath as ...Read More >
Thiruvananthapuram, Dec 10 (PTI) 'I'm Still Here' (Portugal), a 2024 political biographical drama film directed by Walter Salles will be the opening film of the 29th International Film Festival of Kerala (IFFK) beginning here on December 13. The movie, a Brazil-France co-production, deals with the story of a mother and activist searching for her missing husband, a dissident politician during the military dictatorship in Brazil. The festival will be officially inaugurated by Kerala Chief Minister Pinarayi Vijayan at a function to be held at the Nisagandhi auditorium on December 13 evening, St ...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 >
Ballia (UP): Uttar Pradesh Deputy Chief Minister Brajesh Pathak on Thursday accused Congress leader Rahul Gandhi of trying to incite people and spreading anarchy in the state and said he is a "confused" leader who does not know what to do. Pathak was reacting to Gandhi's visit to Hathras where the Leader of Opposition in the Lok Sabha met the family of a Dalit woman who died allegedly after being gangraped in September 2020. "(Rahul) Gandhi is confused. He has no idea what he will say and when. Sometimes he thinks of visiting Sambhal, sometimes Aligarh or Hathras. He is totally derailed and ...Read More >
Mumbai, Dec 12 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday said the government promptly made an arrest after a replica of the Constitution was damaged in Parbhani, yet violent protests took place which was unacceptable. The accused, who allegedly damaged the replica, was a mentally unstable man, Fadnavis told reporters in Delhi. A bandh was called on Wednesday after the glass-encased replica of the Constitution near Dr B R Ambedkar's statue outside the Parbhani railway station was found damaged the previous evening. But the shut-down took a violent turn when a mob indulged ...Read More >
Mumbai, Dec 17 (PTI) Senior NCP leader Chhagan Bhujbal on Tuesday launched a veiled attack on party president Ajit Pawar over his exclusion from the new council of ministers, claiming Maharashtra Chief Minister Devendra Fadnavis was in favour of his induction in the cabinet. He said Ajit Pawar, the NCP president, makes decisions for the party like Fadnavis for the BJP and Eknath Shinde for the Shiv Sena. Amid speculation over his "Jahan nahi chaina, wahan nahi rehna" remark a day before, Bhujbal said he would speak on Wednesday after discussing with NCP workers and people from the Yeola cons ...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 >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. "The search operation ...Read More >
Ranchi, Dec 12 (PTI) Jharkhand Chief Minister Hemant Soren on Thursday asserted that a strong foundation for development of the state was laid during the previous term of the JMM-led government in the state and time is ripe to speed up the progress. He said the speech delivered by Governor Santosh Gangwar in the assembly on Wednesday was the government's 'white paper' that clearly showed its vision and direction. "We have laid a strong foundation for the state's overall development during the previous term after 2019. Now, it is time to construct a building on the foundation. Very soon opport ...Read More >