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.
New Delhi, Oct 28 (PTI) India continues to be one of the most strategic growth markets for the Radisson Hotel Group, with the luxury hospitality chain increasing its presence in high-potential Tier-II and Tier-III cities across the nation, expanding to 47 new cities in the past 18 months, Radisson Hotel Group's South Asia Managing Director & COO Nikhil Sharma said on Tuesday. The Group currently has more than 130 properties in operation and over 70 under development in the country. Fuelled by 59 new signings in just 18 months and expansion into 47 new cities, Radisson Hotel Group is well-positioned to deepen its presence and extend hospitality access with up to 500 hotels in the region by 2030, it said in a statement. "India continues to be one of Radisson Hotel Group's most dynamic and strategic growth markets," Sharma said, adding that the firm is strengthening its footprint in both leisure and urban centres, with hotels that support weddings, meetings, and the growing spiritual and experiential travel segments. PTI RSN TRB
Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.Karnataka Bank managing director Srikrishnan Hari Hara Sarma and executive director Sekhar Rao have stepped down ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 23 to September 7, Transport Minister Pratap Sarnaik Announces; Group Bookings Start July 22. "At Li ...Read More >
Hyderabad (Telangana) [India], July 17 (ANI): The Central Bureau of Investigation (CBI) arrested Hyderabad Cricket Association (HCA) President Jagan Mohan Rao and four other office-bearers in connection with the allegations of forgery of documents and misappropriation of funds early this month. Telangana Cricket Association (TCA) wrote a letter to CID seeking a further deeper investigation and to take appropriate Criminal action against Hyderabad Cricket Association (HCA) President Jagan Mohan Rao and other Apex Council Members of HCA, along with MLC K. Kavitha, MLA KTR, and Pratap, former Di ...Read More >
LONDON - The Rank Group (LON:RNK) Plc, a British gambling company, announced today the appointment of Mr. Christian Nothhaft as a non-executive director, effective immediately. This change comes as Mr. Chew Seong Aun retires from the board, also effective today. Mr. Nothhaft brings a broad range of experience to the Rank board, including expertise in digital transformation. Alex Thursby, Rank's chairman, expressed confidence in Nothhaft's abilities, stating that his international and strategic experience will be valuable to the company. Nothhaft has a notable background in business managemen ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...Read More >
HYDERABAD: The Crime Investigation Department (CID) on Sunday arrested Aaryan Singh alias Aaryan Singh Chhabra, a key accused in the Falcon invoice discounting scam, which defrauded 4,065 victims of over Rs 792 crore. CID chief Charu Sinha said Aaryan, the COO of Falcon Invoicing, was closely involved with the company's MD, Amar Deep Kumar, and other accused in luring depositors and issuing fake receipts. He is believed to have collected Rs 14.35 lakh in "strategic deposits" and diverted Rs 1.62 crore from Falcon's funds into his personal account. After the scam came to light, Aaryan fled to ...Read More >
Mumbai, Jul 8 (PTI) Indian Hotels Company Ltd (IHCL) on Tuesday announced the signing of a new 160-key greenfield hotel in Jaipur, Rajasthan, which will be under Vivanta brand. "Fuelled by major infrastructure developments, Jaipur has rapidly evolved as a key regional hub, significantly boosting demand from business and MICE segments apart from the long-established leisure segment. Also Read | Bodoland Lottery Result Today, July 08, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "This signing aligns with IHCL's strategy to expan ...Read More >
New Delhi: Indian-origin business executive Sabih Khan, 58, has been appointed the new chief operating officer of Apple, the tech giant said in a statement on July 8. Praising Khan's commitment and dedication, Apple's CEO Tim Cook said that Khan will make an exceptional chief operating officer. Khan has been with Apple for 30 years. Currently serving as Apple's senior vice president of operations, Khan oversees the company's operations and global supply chain. Announcing Khan's appointment, Apple said that it was part of a long-planned succession. The iPhone maker said in a statement, "Apple ...Read More >
Katra (Jammu and Kashmir) [India], July 13 (ANI): In an initiative aimed at fostering spirituality and preserving cultural heritage, the Mata Vaishno Devi Shrine Board, during its 75th Meeting held under the chairmanship of Jammu and Kashmir Lieutenant Governor Manoj Sinha, approved the dedication of five newly constructed temples to the public in the month of July along with the construction of five additional temples in District Reasi. According to a release, as part of this initiative, the Shrine Board has formally dedicated the five temples today at each location in distinct villages acro ...Read More >
New Delhi [India], July 14 (ANI): India holds the potential to unlock an economic contribution of USD 470-600 billion by 2030 through GCCs (Global Capability Centres) and it would be a critical enabler of India's USD 1 trillion services export vision, Romal Shetty, CEO, Deloitte South Asia, said on Monday. Speaking at the CII GCC Business Summit, Shetty said India currently hosts approximately 1,800 GCCs. 'With the right policy environment, ecosystem support, and coordinated action, there is a realistic aspiration to scale this to 3,400-5,000 centres over the next few years,' he said. He sa ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu on Monday unveiled his ambitious vision to transform Amaravati into a global capital for quantum technologies. Addressing the Amaravati Quantum Valley Workshop here, Naidu said: "Quantum computing is the need of the hour. By January 1, 2026, the quantum computing centre will be operational in Amaravati. This marks the beginning of the Quantum Valley." The workshop, jointly organised by the AP government, the Department of Science and Technology (Government of India), TCS and L&T, brought together some of the top minds and institutions in quantum ...Read More >
Pune: The office leasing market in Pune experienced a notable surge in the first half of 2025, continuing with the trend observed in 2024. This increase was primarily fuelled by Global Capability Centers (GCCs), which are the Indian technology hubs of multinational corporations, as they aggressively expanded their operations. The GCCs secured a larger proportion of available office spaces in the city during the initial six months of the year, with a particularly strong increase in activity during the April-June quarter.Reports indicate that the total office spaces leased in Pune from Jan to Ju ...Read More >
New Delhi, July 9: While market volatility has made some investors cautious, we're also witnessing a healthy shift towards hybrid and arbitrage funds -- a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times, Venkat N Chalasani, CEO of the Association of Mutual Funds in India (AMFI), said on Wednesday. India's economic fundamentals remain strong, and we continue to encourage investors to stay committed to their financial goals, he said while presenting the June data for the mutual fund industry. The mutual fund industry's assets under ...Read More >
Dehradun (Uttarakhand) [India], July 16 (ANI): Following the tragic road accident in the Muwani area of Pithoragarh district on Tuesday that claimed eight lives, Uttarakhand Chief Minister Pushkar Singh Dhami announced that the state government would provide Rs 2 lakh each to the families of the deceased and Rs 50,000 to the injured. This would be in addition to the ex-gratia of Rs 2 lakh from the Prime Minister's National Relief Fund (PMNRF), announced by Prime Minister Narendra Modi, which would be given to the next of kin of the deceased. Also Read | Weather Forecast Today, July 16: Check ...Read More >
CIFF has announced a strategic partnership with the Indian Film Festival of Los Angeles (IFFLA) for its second edition. The collaboration, dubbed CineV-IFFLA, will include South Asian projects curated by Cinevesture as part of IFFLA's Industry Days program. The program will run during the 23rd edition of IFFLA from May 6-10, 2025, and aims to connect South Asian filmmakers with Hollywood producers through various initiatives. CineV-CHD, the first of a planned series of film markets, aims to connect film professionals with investors and distributors. The idea was conceived by Nina Lath, former ...Read More >
New Delhi, Jan 8 (PTI) Global hospitality major Radisson Hotel Group on Wednesday announced the opening of a new property at Vellore in Tamil Nadu. With the opening of The Park Inn by Radisson Vellore, the group now has seven hotels across the state under brands such as Radisson, Radisson Blu and Park Plaza, Radisson Hotel Group said in a statement. "This opening underpins our strategy of being the first mover and focusing on Tier III cities like Vellore where rich cultural heritage meets a growing economic landscape. This approach allows us to cater to diverse travellers while fostering new ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
New Delhi, Jul 14 (PTI) Private sector lender Karnataka Bank on Monday said it has appointed Raghavendra Srinivas Bhat as its interim managing director (MD) and CEO for three months. The appointment is effective from July 16, 2025 for a period of three months or till the appointment of a regular MD and CEO whichever is earlier, Karnataka Bank said in a stock exchange filing. This comes after Srikrishnan Hari Hara Sarma resigned as MD and CEO on June 29 citing personal reasons including his decision to relocate to Mumbai. Besides, executive director Sekhar Rao had quit citing his inability to ...Read More >
New Delhi, Jul 17 (PTI) Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory f ...Read More >
New Delhi: Tata Group-backed Indian Hotels Company (IHCL) on Thursday reported consolidated revenue of ₹2,102 crore for the quarter ended June 30, up 32% year-on-year (YoY). Profit after tax jumped 19% YoY to ₹296 crore. IHCL MD and CEO Puneet Chhatwal said despite geopolitical challenges, flight disruptions, and booking cancellations, Q1FY26 marked the thirteenth consecutive quarter of "record performance" for the chain. "In line with our guidance, the company reported double-digit growth in consolidated revenue. The hotel segment's revenue at '1,814 crore, grew by 14%, leading to a strong ...Read More >
New Delhi, July 2: Starlink, the satellite internet service owned by Elon Musk, officially launched its services in Sri Lanka on Wednesday. With this launch, Sri Lanka has become the third country in South Asia -- and another of India's neighbours -- after Bhutan and Bangladesh to get access to Starlink's internet services. The announcement was made by Starlink on social media platform X, where the company said: "Starlink's high-speed, low-latency internet is now available in Sri Lanka!" Starlink is getting closer to launching its services in India. Last month, the company received a key lice ...Read More >
Patna (Bihar) [India], July 13 (ANI): A large number of individuals from Nepal, Bangladesh and Myanmar have been found by Booth Level Officers (BLOs) with Aadhaar cards, domicile certificates and ration cards during house-to-house visits carried out as part of the Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar, according to sources. The State will have assembly polls later in the year. Also Read | Kota Srinivasa Rao Dies at 83: Andhra Pradesh CM Chandrababu Naidu Condoles Demise of Veteran Actor, Says 'He Will Forever Stay Etched in Hearts of Telugu Audience'. ECI s ...Read More >
From Foundations to Flagships: Inside SS Group's Vision for a Future-Ready India Ashok Singh Jaunapuria, MD & CEO, SS Group 4 min read Last Updated : Jul 15 2025 | 4:40 PM IST NewsVoir Delhi NCR [India], July 15: In the real estate sector, trust is foundational. For homebuyers, it's the assurance that promises will be kept, and for communities, it's the confidence that their future is in reliable hands. Emerging as the epitome of this trust is the SS Group, which has stood as a symbol of inte ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Mumbai, Jun 30 (PTI) Radisson Hotel Group on Monday announced the opening of 91-key D Square Statue of Unity Kevadia in Gujarat under its Radisson Individuals brand. "With the opening of D Square Statue of Unity Kevadia, we further strengthen our footprint in Gujarat. "This hotel offers a distinct blend of local character and modern hospitality, in line with our strategy to grow our portfolio in emerging leisure destinations across the country," Radisson Hotel Group Managing Director and COO, South Asia, Nikhil Sharma said in a statement. PTI SM SHW ...Read More >
New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. "Gold continues to face downward pressure as both geopolitical and economic uncertainties e ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels. The portfolio ...Read More >
BENGALURU: BBMP marshals deployed at lake security and supervision wing, ward monitoring and Indira Canteens are working without salaries since March. The situation has arisen after Bangalore Solid Waste Management Limited was carved out of BBMP for garbage management. Their salaries are usually given through the Ex-Servicemen Welfare Society and each marshal is paid Rs 17,500 monthly. "Supervisors say the delay is due to a set of procedures. Earlier, the amount was given to the Ex-Servicemen Welfare Society towards payments from BBMP. Now the files have to be cleared from BWSML to ward mars ...Read More >
New Delhi, Jun 30 (PTI) Shares of Karnataka Bank on Monday fell by nearly 6 per cent after the private sector lender said its Managing Director & CEO Srikrishnan Hari Hara Sarma has resigned. The company's stock dropped 5.75 per cent to end at Rs 195.75 apiece on the BSE. Intra-day, it tumbled 8.49 per cent to Rs 190.05. On the NSE, it declined 5.65 per cent to settle at Rs 195.90 per share. Besides, executive director Sekhar Rao has quit citing his inability to relocate to Mangaluru and other personal reasons, the bank said in a statement on Monday. Sarma's resignation comes into effect f ...Read More >