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) A critically injured Iranian fisherman has been evacuated mid-sea from a 'dhow' nearly 1,500 kilometres west off the Kochi coast, the Indian Coast Guard said on Tuesday. In a post on X, the Indian Coast Guard (ICG) also shared photographs of the rescue operation. "In a swift and coordinated rescue operation, (ICG) undertook long range mid sea (medical evacuation) of a critically injured Iranian fisherman from the dhow Al-Owais, approximately 1,500 km west of Kochi," it said. The Maritime Rescue Coordination Centre (MRCC) in Iran's Chabahar alerted the MRCC in Mumbai regarding "an explosion-related injury to the master, Mr Allah Baksh," it added. ICG Ship Sachet and Marshall Islands-flagged tanker MT STI Grace were diverted for assistance, officials said. "The patient was evacuated, stabilised and transferred mid-sea to ICGS Sachet. The injured crew is under medical supervisions onboard ICGS Sachet enroute to Goa for further medical management," the ICG added. PTI KND OZ RUK RUK
Chennai, Jun 29 (PTI) Tamil Nadu Chief Minister MK Stalin on Sunday conveyed to the Centre that 8 fishermen have been arrested by Sri Lanka and sought its intervention to ensure their safe return. Writing to External Affairs Minister S Jaishankar, Stalin said: "I wish to draw your urgent attention to a matter of grave concern affecting the livelihood and safety of Indian fishermen, particularly those from Tamil Nadu." The CM said it has been reported that the Sri Lankan authorities on June 29, 2025 apprehended 8 fishermen from Rameswaram and seized their mechanised fishing boat. Such inciden ...Read More >
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra Police beefed up the security along the Raigad coastline after the Indian Coast Guard informed the ICG Murud in the Raigad district that a 'suspicious' Pakistani boat had been spotted 2.5 to 3 nautical miles offshore near the Korlai coast. However, after the police investigation, it was discovered that the 'suspicious object' spotted is likely a fishing net buoy fitted with a GPS tracker, used to prevent nets from sinking and to facilitate retrieval, police said in a statement. Also Read | Gold Rate Today, July 8, 2025: As Gold Price Co ...Read More >
Kolkata: Thirty-four fishermen from Kakdwip in two fishing trawlers were allegedly detained by the Bangladesh Navy in the early hours of Monday for allegedly crossing into Bangladeshi waters while fishing in the Bay of Bengal. According to sources, the two trawlers -- FV Jhor and FV Mangalchandi -- were intercepted about 77 nautical miles from the Fairway Buoy of Mongla Port in Bangladesh.Bangladesh media reported that a Bangladesh Navy patrol vessel spotted the trawlers fishing within their exclusive economic zone and detained the crew along with the boats and fishing equipment. The fishermen ...Read More >
Kolkata, Nov 17 (SocialNews.XYZ) The Indian Coast Guard (ICG) on Monday once again detained Bangladeshi fishermen for violating Indian waters in the Bay of Bengal. This time Indian Coast Guard detained a trawler with 26 fishermen. They were handed over to Fraserganj Coast Police Station in the South 24 Parganas district. They will be produced in the Kakdwip Sub-divisional court on Tuesday. On Sunday, the Indian Coast Guard detained 29 Bangladeshi fishermen from another trawler, which similarly ventured into Indian waters. In two days, a total of 55 Bangladeshi fishermen have been detained. ...Read More >
New Delhi, Jun 30 (PTI) The coast guards of India, Japan, the US and Australia have launched the first-ever "Quad-at-sea" mission to boost operational coordination and interoperability in the Indo-Pacific. The decision to launch the mission was taken at the four-nation's grouping annual summit in Wilmington in September last year that was attended by Prime Minister Narendra Modi and other Quad leaders. "In a significant stride toward strengthening maritime security and interoperability in the Indo-Pacific, the coast guards of India, Japan, the United States, and Australia have launched the f ...Read More >
Cochin Shipyard Limited plans a Rs 15,000 crore shipyard in Tamil Nadu with a Korean partner. The project aims to create 10,000 jobs. CSL also partners with HD Korea for shipbuilding. They will use CSL's new dry dock to build large vessels. A Block Fabrication Facility is planned in Kochi, generating more jobs. Cochin Shipyard Limited is considering a greenfield investment of about Rs 15,000 crore to establish a shipyard in Tamil Nadu in collaboration with a Korean partner, an official statement ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
Pune, Jul 13 (PTI) The Armed Forces Medical Services is exploring the use of drone technology to deliver blood bags, medicines and other medical supplies in hilly and hard-to-reach areas, Director General of AFMS, Surgeon Vice Admiral Arti Sarin, has said. She also said the AFMS was responsible for the health requirements of all four astronauts currently part of the Axiom-4 mission to the International Space Station. Vice Admiral Sarin was speaking on Saturday on the sidelines of a commissioning ceremony for five medical cadets at the Armed Forces Medical College (AFMC) in Pune. She said th ...Read More >
Rameswaram (Tamil Nadu), Nov 18 (PTI) A 21-year-old man was arrested for allegedly stabbing a Class 12 girl to death in broad daylight while she was on her way to school here on Wednesday, police said. The girl had reportedly rejected the man's love proposal, they said. The victim lived with her family in Cherankottai near the island town. Police said the accused, identified as Muniyaraj, a resident of the same area, had been allegedly stalking the schoolgirl for days and pressuring her to accept his love despite repeated refusals. The girl's father Mariyappan, a fisherman, had recently con ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
The Indian Coast Guard said it rescued 31 fishermen stranded aboard the fishing boat IFB Sant Anton-I, which had been adrift in the Arabian Sea for 11 days due to a steering gear failure. IMAGE: The 31 fishermen after being rescued by the Coast Guard. Photograph: ANI Photo/Coast Guard The Goa-based vessel was reported missing about 100 nautical miles off New Mangalore, prompting swift action from the ICG's Karnataka headquarters. According to a press release issued on Sunday, the ICG deployed ...Read More >
Kolkata: An Indian fishing trawler, FB Paramita-11, capsized near the India-Bangladesh International Maritime Boundary Line (IMBL) in the Bay of Bengal during the wee hours of Monday, causing all 16 fishermen, including the captain, to fall into the water. At the time of filing of the report, 11 had been rescued. But five remained missing. The Indian Coast Guard (ICG), however, stated that 15 fishermen had been rescued and maintained that there was no trace of five. The trawler had set out from N ...Read More >
New Delhi, Apr 8 (PTI) The National Green Tribunal has asserted that its order directing GPS tracking systems fitting applies to tankers supplying groundwater for commercial purposes, as well as tankers transporting STP-treated water. Treated water is a byproduct of Sewage Treatment Plant (STP), and used for non-potable purposes, such as construction, horticulture, road sprinkling and similar activities, to reduce dependence on groundwater and promote sustainable water use. On May 28 last year, the tribunal had mandated the use of only GPS-fitted tankers in Delhi, following which a plea was ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Mumbai, July 7 (PTI) After a 20-hour search operation involving multiple agencies, the "suspicious boat" spotted in the Arabian sea in Maharashtra's Raigad district has been identified as a fishing net buoy which was drifted into the Indian waters with an AIS transponder, police said on Monday. Considering the high alert situation, the sensitive operation has not been called off yet, said Raigad Superintendent of Police Aanchal Dalal. The Indian Coast Guard on Sunday night informed the police that the suspected Pakistani boat, "Muqadar Boya 99" with a boat number MMSI-463800411 was spotted n ...Read More >
Mumbai On High Alert: Unidentified Boat Spotted Near Raigad Coast; Security Protocols Increased (VIDEO) | Representatinal Image A high-alert security scare off the Raigad coast late on Saturday evening triggered a swift and extensive response from the Mumbai Crime Branch, Raigad Police, and multiple maritime security agencies. The suspected Pakistani boat, which was initially believed to pose a possible infiltration threat, was ultimately identified as a floating fishing net buoy commonly used by local fishermen.The suspected Pakistani boat, which was initially believed to pose a possible inf ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
NEW DELHI: Several oil tankers in Jammu caught fire on Wednesday. Emergency services responded quickly to the scene, averting a bigger tragedy involving people.No individuals people have been reported to be harmed, according to news agency PTI. However, two tankers with relatively less quantity of oil burst into flames and were complete gutted. The cause of the fire, that started with one tanker near the RTO office at Transport Nagar and spread to 4-5 other tankers, is not known.The area, home to numerous tankers and jhuggies, is considered highly vulnerable.Officials said that fire service pe ...Read More >
New Delhi, Jul 1 (PTI) The Indian Navy contained a fire on board a Palau-flagged tanker in the North Arabian Sea and ensured safety of 14 of the vessel's Indian crew members. The Navy swung into action and launched the fire-fighting operation after receiving a distress call from the vessel on Sunday. The vessel reported a major fire in its engine room while operating approximately 80 nautical miles east of Fujairah in the United Arab Emirates (UAE). "The Indian Navy undertook a high-risk fire fighting and rescue operation on-board Palau-flagged tanker MT Yi Cheng 6 on June 29 in the North A ...Read More >
KOCHI: Stranded at sea, with no food and no land at sight, 40-year-old Ranjumoni Sonowal kept on swimming for 36 hours clinging on to two plastic cans. By the time Indian Coast Guard ship Arnvesh found him, Ranjumoni was weak and dehydrated. Ranjumoni, a fisherman employed by Tamil Nadu-registered mechanised fishing vessel 'Zion', went missing late on March 30 night when the vessel was returning.The incident happened nearly 27km off the Kochi coast. The boat workers informed Maritime Rescue Coordination Centre in Mumbai, which issued an alert to the Maritime Rescue Sub Centre in Kochi. The C ...Read More >
Stocktwits - The death toll in the explosion at the Sigachi Industries (NSE:SIGC)' pharma plant in Pashamylaram, Telangana, rose to 34. "Several bodies have been found under the debris while removing it. As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment. The last leg of the rescue operation is still going on," district Superintendent of Police Paritosh Pankaj told PTI. Health Minister Damodara Raja Narasimha told the media that around 90 people were working in the plant when the accident happened, reportedly due to a suspected c ...Read More >
Chennai, Jul 13 (PTI) Tamil Nadu Chief Minister MK Stalin on Sunday wrote to External Affairs Minister S Jaishankar apprising him of the arrest of seven fishermen by Sri Lanka and sought steps for their release. At present, 232 Tamil Nadu fishing boats and 50 fishermen are being held by the Sri Lankan authorities, and action should be taken to get the fishermen and their boats released, the CM urged the Centre. In the early hours of July 13, seven fishermen, along with their mechanised fishing boat were taken into custody by Sri Lankan Navy, Stalin conveyed to Jaishankar in a letter. On the ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
India has sought consular access to 34 Indian fishermen who were detained by Bangladeshi authorities this week on charges of crossing the maritime boundary, people familiar with the matter said on Friday. The fishermen and two fishing trawlers, FB Jhor and FB Ma Magal Chandi, were apprehended by Bangladeshi authorities near Mongla port during July 14-15,the people said. The fishermen were accused of crossing the international Maritime boundary line and fishing in Bangladesh's territorial waters ...Read More >
NEW DELHI, July 18: Bangladesh has apprehended 34 Indian fishermen for allegedly fishing in its territorial waters and India has been pressing Dhaka to ensure their safe and early return, official sources said on Friday. The fishermen along with their two fishing trawlers were apprehended on the intervening night of July 14 and 15, they said. Immediately after information about the incident was received, the Indian high commission in Bangladesh took up the matter with Bangladeshi authorities and immediate consular access to the fishermen, the sources said.A total of 34 Indian fishermen along ...Read More >
Meerut (UP), Apr 6 (PTI) Police have arrested three people, including a woman, after three men drank alcohol from the same bottle and died, officials said on Sunday, adding that they suspected foul play. Police arrested three people, including a woman, after three men drank alcohol from the same bottle and died, officials have said, adding that they suspected foul play. According to police on Sunday, the three victims -- Baburam (60), a grocery shop owner, Jitendra (35), who worked at his shop and Ankit alias Daulat (40) -- purchased liquor from a government-authorised country liquor outlet ...Read More >
Raigad (Maharashtra) [India], July 8 (ANI): Maharashtra Police beefed up the security along the Raigad coastline after the Indian Coast Guard informed the ICG Murud in the Raigad district that a 'suspicious' Pakistani boat had been spotted 2.5 to 3 nautical miles offshore near the Korlai coast. However, after the police investigation, it was discovered that the 'suspicious object' spotted is likely a fishing net buoy fitted with a GPS tracker, used to prevent nets from sinking and to facilitate retrieval, police said in a statement. According to the police, the Indian Coast Guard has reporte ...Read More >
Chennai, July 13 (SocialNews.XYZ) A massive fire that broke out in a diesel-laden goods train near Tiruvallur in Tamil Nadu was fully extinguished after nearly seven hours of intense firefighting on Sunday. The blaze, which erupted around 5.30 a.m., gutted 18 wagons and caused major disruptions on the busy Chennai-Arakkonam rail route. The train was carrying 12.6 lakh litres of diesel in 18 tanker wagons, each loaded with 70,000 litres of fuel. All 18 wagons were completely destroyed in the fire, resulting in a loss of diesel worth approximately Rs 12 crore. Dramatic visuals from the site s ...Read More >
Chennai: Madras high court has clarified that private self-financing medical colleges are required to pay only a stipend, and not a full salary, to in-service govt doctors pursuing postgraduate or super-specialty courses under the govt quota.A division bench of Justice R Subramanian and Justice K Surender passed the order while partly allowing a batch of appeals moved by Karpaga Vinayaga Medical College and others. They challenged a single judge's order that directed private colleges to pay salaries to in-service doctors studying in their institutions.The appeals were moved based on a GO dated ...Read More >