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.
TIRUCHY/THANJAVUR: Two teams of officials from the Union Ministry of Food and Public Distribution inspected Direct Purchase Centres (DPCs) across the Cauvery delta districts on Sunday to assess moisture content of paddy. The visit comes based on farmers' demand for relaxation in the procurement norm from 17% to 22% after continuous rain led to water-logging in farmlands. A team led by R K Shahi, Deputy Director (Storage & Research), along with technical officers Rahul Sharma, Tanuj Sharma, and N Ayyanar, inspected DPCs in Valadi, Nagar, Poovalur, Komangudi, and Koppavalli in Lalgudi taluk in Tiruchy. The officials were accompanied by the regional manager of TN Civil Supplies Corporation and district administration. The team then proceeded to Gandharvakottai taluk in Pudukkottai district, visiting centres in Kallakottai, Banduvakottai, Raghunathapuram, Thathamaniratti, and Kulathur Nayakarpalli. Meanwhile, another team inspected 10 DPCs across Thanjavur district to assess moisture level in paddy. The team collected samples for testing at the Food Corporation of India laboratory, and orders will be issued based on the inspection report.
MORIGAON: At least 64 villages in Assam's Morigaon district remain affected by floods, with residents facing major difficulties in transportation and accessing necessities. Several villagers said they are still struggling to recover as the floodwaters damaged their homes, household goods, and crops like paddy and rice. Two days ago, floodwaters from the Brahmaputra River inundated all houses in the Mayong Chapori Gasbari area. Liyakat Ali, a resident of Mayong Chapori Gasbari, told ANI, "Every family in this village are facing the same problems. " Around 200 families live in the Mayong Cha ...Read More >
New Delhi: The Centre has asked the states and union territories to make any proposed changes in the boundaries of administrative jurisdictions before December 31, 2025, when they will freeze for the Census-2027 exercise and the first phase of the decadal population count will begin on April 1 next year, according to a communication sent by the registrar general and census commissioner of India, Mritunjay Kumar Narayan, on June 27. The freezing means the states/UTs won't be able to change the boundaries of districts, towns, villages and tehsils post December 31. The Census can be conducted on ...Read More >
Navi Mumbai: The father of a three-day-old girl who was found abandoned in a blue basket outside Navi Mumbai's Panvel wad traced and detained on Sunday, the police said. According to them, the infant's parents were not financially stable enough to raise her. Due to this, the couple decided to give up the baby to an orphanage that could look after her, reported PTI. However, the Navi Mumbai police's crime branch traced the infant's father, Aman Iqbal Kondkar, a resident of Thane's Bhiwandi, within 24 hours, an official said. ...Read More >
Mumbai: In a major political development, former MLA Vijay Bhambale from the Sharad Pawar faction formally joined the Nationalist Congress Party (NCP) led by Deputy Chief Minister and National President Ajit Pawar. Bhambale, accompanied by a large group of office-bearers from various districts, was welcomed into the party during an event held at the Mahila Vikas Mandal Auditorium in Mumbai. Addressing the gathering, Ajit Pawar announced that he would embark on a statewide tour starting from Nandurbar after the conclusion of the monsoon session of the Maharashtra legislature. He emphasized the ...Read More >
Hyderabad: Seven Maoists have been gunned down in an ongoing encounter near the Indravati national park of Bijapur district in Chhattisgarh over the past two days. Two of the dead were women. Among those whose deaths were announced on Saturday was Bhaskar alias Mailarapu Adellu, a special zonal committee (SZC) member of the Telangana state committee (TSC). He carried a reward of '45 lakh in Chhattisgarh and Telangana. Police had on Thursday said Maoists' central committee member Narasimha Chalam alias Sudhakar, who had a bounty of '40 lakh in Chhattisgarh, had been killed in the encounter, ...Read More >
Kolkata: A two-member National Commission for Women team on Sunday visited the south Kolkata law college where a student was allegedly gang-raped last week.The team, accompanied by a videographer, was initially denied entry and asked to produce a formal order. After an hour-long discussion at the college entrance, the team, led by Archana Majumdar, was allowed in under two conditions -- no access to the crime scene and no videography permitted.The visit lasted 10 minutes. "We were denied access to the crime scene and other floors. I will include this in my report," said Majumdar, who was the f ...Read More >
A cloudburst near Barkot-Yamunotri road in Uttarkashi has caused significant damage to a hotel construction site, leaving several workers missing as rescue operations are underway. Separately, heavy rainfall has blocked the Badrinath-Rishikesh highway, disrupting pilgrimage travel. Chief Minister Dhami has advised caution and urged residents to avoid unnecessary travel due to the adverse weather forecast.A cloudburst in Baligarh, along the Barkot-Yamunotri road in Uttarkashi district, caused sign ...Read More >
Jammu, June 30: Anti-Corruption Bureau has trapped and arrested Liaquat Ali, Patwari, Halqa Thuthay Chak, Hiranagar, District Kathua, for demanding and accepting bribe of Rs 30,000. Officials revealed that ACB received a complaint alleging therein that a public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of ₹1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
JAMMU: Anti-Corruption Bureau (ACB) on Monday trapped and arrested a Patwari of Halqa Thuthay Chak, Hiranagar, Kathua for demanding and accepting a bribe of Rs 30,000. "Anti-Corruption Bureau received a complaint alleging therein that public servant namely Liaquat Ali, Patwari, Patwar Halqa Thuthay Chak, Tehsil Hiranagar, District Kathua, demanded illegal gratification from the complainant for attestation of mutation. The accused had demanded a bribe of Rs 1,00,000 from the complainant for entering the name of his wife in the mutation register. After negotiation, the accused has agreed to tak ...Read More >
Gadwal: In a significant step towards uplifting the underprivileged and fulfilling the promises of the Telangana State Government, local MLA Bandla Krishna Mohan Reddy presided over the distribution of Indiramma Housing Scheme proceedings to eligible beneficiaries of Gadwal Mandal. The event was held today at the MLA Camp Office in Gadwal district headquarters. The Telangana government, under the leadership of Chief Minister Revanth Reddy, has been actively implementing welfare schemes across all sections of society. Special emphasis has been placed on women's empowerment, free electricity, g ...Read More >
Hyderabad: Ahead of the impending local bodies elections, AICC general secretary (organisation) K.C. Venugopal on Sunday said that the party would complete the work of strengthening its mandal-level structure by July 30 and take the state government's welfare scheme benefits to the people's notice. Venugopal, who attended several programmes here last week, in the presence of AICC president Mallikarjun Kharge, said: "A key focus of our discussions was the Congress party's ongoing organisation-strengthening mission in Telangana. A majority of block, mandal, and division-level appointments have ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Navi Mumbai: Farmers are experiencing a significant setback because of the unpredictable rainfall. There is concern that planting will be lost because of heavy rainfall. Farmers are experiencing the embarrassment of leaving their fields uncultivated. Farmers are concerned because the seeds in their rice fields have decayed. Because the dust collector hasn't had an opportunity because of the rains, there is a call for the government to genuinely evaluate the situation of the farmers. This year, the farmers' planting timetable has disrupted since the rains began in May. There is concern that th ...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 >
Inflow into the Stanley Reservoir in Mettur increased to 80,984 cusecs on Saturday. Following an increase in inflow, the Water Resources Department (WRD) issued a flood warning to people living in low-lying areas on the banks of the River Cauvery. On Saturday, the dam's water level stood at 117.93 feet against its full capacity of 120 feet. The storage level stood at 90.20 TMC against its full capacity of 93.47 TMC. At 8 a.m., inflow into the dam increased to 73,452 cusecs from Friday's inflow o ...Read More >
Bengaluru: The Congress-led government in Karnataka has decided to name the Bangalore City University after late former Prime Minister Manmohan Singh. Chief Minister Siddaramaiah made the announcement in this regard in the media briefing after the special Cabinet meeting held at Nandi Hills. A proposal to rename the Bangalore City University as "Dr. Manmohan Singh Bengaluru City University" has been approved, CM Siddaramaiah announced. Bengaluru Rural district will now be renamed as "Bengaluru North District", and Bagepalli town will be renamed "Bhagyanagara", he declared. A Cabinet sub-com ...Read More >
Patiala: Union minister for agriculture and farmers' welfare Shivraj Singh Chouhan visited Rajpura in Patiala district on Thursday as part of an ongoing initiative, Viksit Krishi Sankalp Abhiyan (VKSA), which is aimed at transforming Indian agriculture through direct farmer engagement and sustainable practices.At a 'Kisan Chaupal' in Gandia Kheri village, Chouhan emphasised on govt's commitment to formulating agricultural policies based on direct interactions with farmers rather than relying solely on bureaucratic inputs. " If scientists go to the ground, they'll know about the problem of farm ...Read More >
New Delhi: In a key development regarding the Census 2027, the government of India has asked states and Union Territories to make any proposed changes in the boundaries of administrative units before December 31, when they will be considered final for the census exercise. In a letter to all states and Union Territories, Registrar General and Census Commissioner of India Mritunjay Kumar Narayan has said that for the Census, all villages and towns are divided into uniform enumeration blocks and for each block, an enumerator is assigned to avoid any miss or repetition during the population count ...Read More >
HYDERABAD: Union Home Minister Amit Shah on Sunday ruled out any talks with Maoists and said the cadre of the proscribed outfit should give up arms, surrender before police, and join the mainstream. Addressing a rally after inaugurating the National Headquarters of the Turmeric Board in Nizamabad in Telangana, Shah also said Congress leader Rahul Gandhi, who is still raising questions on Operation Sindoor, should see the weak appearance of Pakistan to understand the effectiveness of the Operation. "Congress asks (the Centre) to hold discussions with these people (Maoists). Our government's p ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
New Delhi, Jul 6 (PTI) Realty firm Signature Global has acquired two land parcels in Gurugram totalling 10 acres to build housing projects. Signature Global's subsidiary firm has executed two sale deeds to purchase the lands admeasuring approximately 9.96 acres situated at Tehsil Sohna, District Gurugram, Haryana. These lands have an overall potential sales area of approximately 0.53 million (5.3 lakh) square feet, according to a recent regulatory filing. Last month, Signature Global chairman Pradeep Kumar Aggarwal said the company would invest around Rs 1,200-1,500 crore to acquire land pa ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
Bengaluru: In a major financial push to address the drinking water crisis in Bayaluseeme (arid region), the state cabinet Wednesday approved an additional Rs 1,900 crore for the ongoing Yettinahole project, which aims to help parched districts including Bengaluru Rural, Chikkaballapur and Kolar.Chief minister Siddaramaiah, who chaired the cabinet meeting, said the govt had asked the finance department to place the proposal for approval."The project cost was revised to Rs 23,251 crore, and Rs 17,147 crore was spent. There is Rs 6,103 crore to be spent on the project. However, the govt has learn ...Read More >
Hyderabad, July 6 (Maxim News): In a major boost to employment opportunities in the banking sector, public sector banks (PSBs) are set to recruit around 50,000 personnel during the current financial year (FY2025), according to data compiled from various banks. The move is aimed at supporting expanding business operations, enhancing customer services, and strengthening digital and physical infrastructure. The State Bank of India (SBI), the country's largest lender, is leading the hiring wave with plans to employ nearly 20,000 people in FY2025. This includes both probationary officers and speci ...Read More >
Assam continues to face a severe flood crisis, affecting nearly seven lakh people across 21 districts. The death toll from the first wave of floods and landslides has risen to 19, with one person missing in Cachar district. Nine major rivers, including the Brahmaputra and Barak, are flowing above danger levels, causing widespread inundation. A total of 1,494 villages across 66 revenue circles have been affected, with Sribhumi district hardest hit, impacting over 2.5 lakh people. Floodwaters have ...Read More >
MANDYA: Tension gripped Elechakanahalli village in Mandya taluk after Dalits were allegedly denied entry into Maramma temple by upper caste people. As the situation escalated, heavy police deployment was made to prevent any untoward incidents. The controversy began when upper caste villagers reportedly blocked Dalits from entering Maramma temple, leading to clashes between the two communities. Taluk authorities temporarily sealed the temple and enforced tight security in the area. Later, leaders from both communities placed separate locks on the temple doors, further deepening the standoff. ...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. Also Read | Ludhiana Suicide Case: Elderly Business Couple Dies by Suicide After Alleged Harassment by Bank Officials Over Loan Repayment, Probe Underway. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thir ...Read More >