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.
Mumbai, Oct 28 (PTI) The Maharashtra government has finalised a policy promoting the use of artificial sand for construction activities and issued an official order to this effect, Revenue Minister Chandrashekhar Bawankule said on Tuesday. In a letter to all district collectors, Bawankule directed the immediate implementation of the policy. The government has delegated powers to approve the artificial sand, or M-Sand (manufactured sand), units to district collectors, who can now sanction up to 100 such units, an increase from the earlier cap of 50. As per the new resolution issued by the revenue department, information on suitable land for M-Sand units -- both on public and private properties -- will be compiled and made available on the 'Mahakhanij' portal for auction. A registered undertaking will be required for setting up these units, the minister said. Bawankule further stated that licences of M-Sand units violating prescribed conditions will be permanently cancelled. "With the standard operating procedure now in place, there will be no obstacles in implementing the policy," he said. The minister had earlier said that providing an alternative to natural sand was crucial for environmental protection. "Efforts are underway to completely stop sand mining from rivers in the future. Ensuring sand availability for construction and simultaneously curbing illegal transportation are key to safeguarding the environment," he had said. PTI ND GK
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
Jaipur, Jun 5 (PTI) Chief Minister Bhajanlal Sharma on Thursday called upon people to adopt an environment-friendly lifestyle and said that the conservation of nature is the moral responsibility of all. He was addressing a state-level programme organised here on the occasion of World Environment Day and Ganga Dussehra. Sharma said that the conservation of nature is not just an option but a dire necessity. Environmental conservation and preventing the ill effects of climate change is our moral responsibility and duty. Water conservation in Rajasthan has been an integral part of the state's c ...Read More >
Mumbai: The Bombay High Court has raised concern over terminally ill prisoners languishing in Maharashtra's jails and asked the state govt to consider proper implementation of an advisory on grant of medical bail or to place them in house arrest. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan on Monday said they visited the Yerwada central prison in Pune on Sunday and met with prisoners, particularly women inmates, and inspected the condition there. The bench referred to a ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...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 >
Gwalior (MP), Dec 15 (PTI) Four tribal persons were killed and 15 others injured when a tractor-trolley overturned in an attempt to save a buffalo in Madhya Pradesh's Gwalior district, police said on Sunday. The accident took place at around 10.30 pm on Saturday in Ghatigaon area, an official said. As many as 31 persons, belonging to the Saharia tribal community, had gone to a forest in Pai Kho village for collecting herbs. They were returning to the Kait village when the tractor-trolley overturned at Tilawali square while its driver was trying to avoid hitting a buffalo, Ghatigaon police s ...Read More >
New Delhi, Dec 18 (PTI) The Rashtrapati Nilayam, one of the two presidential retreats, in Telangana's Secunderabad will host a 15-day flower and horticulture festival, 'Udyan Utsav', from December 29. People could make themselves aware about the innovation and technological development in agriculture and horticulture by visiting thematic stalls and participating in the workshops, according to an official statement issued on Wednesday. The Udyan Utsav, organised in collaboration with the Department of Agriculture and Farmers Welfare, the National Institute of Agricultural Extension Management ...Read More >
Shimla, June 5 (PTI) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday announced that six lakh stainless steel water bottles would be distributed among school students across the state as an initiative against plastic use. Presiding over the state-level World Environment Day function here, he said that the state government's top priority is environmental protection and concrete measures are being taken to control plastic pollution. Sukhu said that regulations related to plastic use have been made quite stringent and consistent efforts are being made to increase public awaren ...Read More >
Thiruvananthapuram, Jun 5 (PTI) The presence of a Bharat Mata portrait, allegedly associated with RSS shakhas, at a World Environment Day event at the Raj Bhavan on Thursday led to the state government boycotting the programme, prompting Governor Rajendra Vishwanath Arlekar to assert that there would be no compromise on Bharat Mata. Kerala Agriculture Minister P Prasad, who boycotted the event, said that the state government respects Bharat Mata, but using an image commonly associated with RSS shakhas for an official function at Raj Bhavan is unconstitutional. While the Raj Bhavan went ahead ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
Mumbai, Jun 6 (PTI) The first 'Chhatrapati Shivaji Maharaj Circuit Train Tour' has received overwhelming response as all the seats have been booked ahead of the scheduled departure on June 9, the Indian Railway Catering and Tourism Corporation Limited said on Friday. In a release, IRCTC, a 'Navratna' PSU under the railway ministry, said all 710 seats have been booked in 11 coaches. These comprise 480 in the Economy (Sleeper) category, 190 in Comfort (3AC) and 40 in Superior (2AC), indicating strong interest across travel classes, it added. IRCTC in collaboration with Maharashtra government ...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 >
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 >
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 >
Mangaluru, (Karnataka) Feb 5 (PTI) District in-charge Minister of Dakshina Kannada, Dinesh Gundu Rao, directed officials on Wednesday to install CCTV cameras on both sides of bridges along major highways and main roads to prevent 'illegal' activities. During an inspection of the strengthening work on the Addur Bridge along the Perali-Addur State Highway, Rao highlighted reports of sand mining near bridges weakening their structures. Also Read | Delhi Assembly Elections 2025: National Capital Records 57.89% Voter Turnout; Exit Polls Give BJP Edge Over AAP. He said that although extracting sa ...Read More >
New Delhi, May 29 (PTI) Ipca Laboratories on Thursday said its consolidated net profit increased 14 per cent to Rs 68 crore in the fourth quarter ended March 31, 2025. The drug firm reported a net profit of Rs 60 crore during the January-March quarter of 2023-24 financial year. During the quarter, revenue from operations rose to Rs 2,247 crore as compared to Rs 2,033 crore in the year-ago period, Ipca Laboratories said in a regulatory filing. Net profit stood at Rs 738 crore for 2024-25 fiscal against Rs 547 crore in FY24. Revenue rose to Rs 8,940 crore for the last fiscal from Rs 7,705 cr ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
New Delhi, Jun 7 (PTI) Rahul Gandhi claimed on Saturday that the 2024 Maharashtra Assembly elections were a "blueprint for rigging democracy", drawing rebuke from BJP president J P Nadda, who accused the Congress leader of "cooking up bizarre conspiracies" in his desperation after losing a series of elections. The Leader of the Opposition in the Lok Sabha alleged in an article in the Indian Express that this poll "match-fixing" would next happen in the Bihar elections and "anywhere the BJP is losing". In a post on X, he said, "My article shows how this happened, step by step: Step 1: Rig the ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...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 >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 crore in the year-ago period, it added. Total expenses in the quarter under review stood at Rs 1,505 c ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Monday directed officials to take measures to supply sand at lower prices to people and supply sand free of cost to beneficiaries of Indiramma houses. During a review meeting on the mines and minerals department at his residence on Monday, Revanth Reddy ordered officials to inspect sand reaches and take stringent action against those involved in sand smuggling. District collectors and superintendents of police are being entrusted with the responsibility. In Hyderabad, HYDRAA has been assigned the task to curb sand smuggling. Special officers will ...Read More >
Kolkata: On the 13th day of teachers' protest outside Bikash Bhavan, the protesting teachers split among themselves and formed a new platform. At least 2,500 protesters stood by the chief minister, as stated in a press conference by education minister Bratya Basu on Monday. Reacting to a question from media, Basu said in Titagarh, "I will trust those who have written to me expressing their faith in the chief minister."The new organisation formed was named the West Bengal Untainted Teachers Associ ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance. The two GoMs ...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 >
Dhanbad/Gumla, Dec 4 (PTI) Thousands of people from various Hindu organisations on Wednesday took out rallies in Jharkhand's Dhanbad and Gumla cities in protest against the attacks on Hindus in Bangladesh and the arrest of spiritual leader Chinmoy Krishna Das. Demanding the immediate release of Das, the protesters urged the Indian government to intervene and stop the atrocities being perpetrated on minority Hindus in the neighbouring country. In Dhanbad, Hindu Rashtriya Samanvya Samiti (HRSS) organised the protest, which was attended by members of Dhanbad ISKCON, Bajrang Dal, BJP and other o ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Aryan Meena, who lived in the Dausa district of Rajasthan state, was trapped in the narrow well for three days after falling into it while playing on Monday afternoon. The boy, wearing pants and a t-shirt, had to endure plummeting winter temperatures inside the well as well as hunger and thirst. Children and even adult people dying from falling into open borewells is not uncommon in rural India where they are dug to pump water for irrigation and drinking and left abandoned after they run dry. ...Read More >
Ghazipur (UP), Jan 31 (PTI) Eight people died and 11 others were injured when a truck collided with a van in Uttar Pradesh's Ghazipur district on Friday, officials said. The accident occurred in Revasa village of Nandganj area when the victims, residents of Haldichok village in Gorakhpur, were returning from the Maha Kumbh fair in Prayagraj, District Magistrate Aryaka Akhoury said. A truck hit the van from the side, causing its passengers to be thrown onto the road, following which the truck ran over them, Akhoury said. She said that Amar Singh (45), Surendra Gupta (54), Pushpa Yadav (40), ...Read More >