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.
A government resolution (GR) issued on October 31 said "70 per cent of the posts should be reserved for domicile candidates of the respective districts", while the remaining 30 per cent will be open to candidates from outside the district. In a move aimed at encouraging local employment, the Maharashtra government has directed that 70 per cent of jobs in District Central Cooperative Banks (DCCBs) be reserved for candidates domiciled in the respective districts. The government has also decided that all future recruitments in DCCBs across the state be conducted only through the Institute of Banking Personnel Selection (IBPS), TCS-iON (Tata Consultancy Services), or Maharashtra Knowledge Corporation Ltd (MKCL) to ensure transparency and fairness in the process. A government resolution (GR) issued on October 31 said "70 per cent of the posts should be reserved for domicile candidates of the respective districts", while the remaining 30 per cent will be open to candidates from outside the district. If suitable out-of-district candidates are not available, those posts may also be filled by local candidates. As per the GR, the directive applies even to the banks that have issued recruitment advertisements before this order. The GR said online recruitment will ensure transparency and boost public confidence. The decision follows complaints received against certain agencies previously empanelled by the Commissioner and Registrar of Cooperative Societies, Pune, for conducting online recruitment for cooperative banks. Consequently, the state government scrapped the existing panel of seven authorised recruitment agencies. According to the GR, DCCBs must now conduct their recruitment exclusively through one of the three approved institutions using the online process. Once a recruitment agency is selected, the work cannot be subcontracted to any other organisation.
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi [India], June 28 (ANI): The Union Ministry of Cooperation is set to organise a 'Manthan Baithak' of Cooperation Ministers of States and Union Territories (UTs) on June 30 at Bharat Mandapam, New Delhi. The Manthan Baithak will be chaired by the Union Home Minister and Minister of Cooperation, Amit Shah. Also Read | Indian Astronaut Shubhanshu Shukla Describes Life on ISS During Video Interaction With PM Narendra Modi, Says 'From Here, We See Sunrise and Sunset 16 Times a Day' (Watch Video). This significant event will witness the active participation of Cooperation Ministers and A ...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 >
Bhubaneswar: The Odisha government on Saturday withdrew its earlier decision to de-empanel three leading private sector banks -- Axis Bank, HDFC Bank, and ICICI Bank -- from handling the business and deposits of state government organisations and departments. A notification issued by the state finance department confirmed the reversal, allowing the three banks to continue as empanelled institutions authorised to manage government-related financial transactions. The government had, through a notification dated June 21, 2025, removed the banks from its empanelled list, citing their "poor perfo ...Read More >
GURGAON: The investigation into the murder of a 25-year-old former international tennis player, allegedly by her father, has revealed a sudden deterioration in their relationship. The apparent reason was a disagreement over the academy she ran near their house, but the roots clearly run deeper. The father, who claims to have spent Rs 2 crore on his daughter's tennis career, told interrogators he was troubled by questions about her "character" that some of his associates had raised.Deepak Yadav, who shot Radhika at their house Thursday morning, had allegedly been insisting for two weeks on her ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
Mumbai, June 26 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis said on Thursday that the state government will go ahead with the development of 802-km Shaktipeeth Mahamarg costing Rs 86,300 crore, saying that the state Finance department has not raised objection regarding the infrastructure project. The statement by CM Fadnavis comes after the state Finance department said the Rs 20,878-crore loan guarantee extended by the Maharashtra Cabinet will put financial burden on the state and the off-budget loan will impact the state's capability of seeking the loan. The Finance depar ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Saharsa, Jun 26 (PTI) A portion of a culvert collapsed in Bihar's Saharsa district, officials said on Thursday. There was no report of any casualty in the incident, they said. Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian To Enter International Space Station (Watch Videos). Talking to PTI, Saharsa DM Deepesh Kumar said, "The incident took place on Wednesday evening when a portion of a culvert collapsed in Patarghat block. According to locals, a pillar of the culvert, which is very old, caved in when an over ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
PTC Web Desk: India is expected to witness a massive nationwide shutdown (Bharat Bandh) on July 9 as over 25 crore workers from key critical sectors, including banking, insurance, postal services, coal mining, highways, and public transport -- gear up for a day-long Bharat Bandh. The strike has been called by 10 central trade unions and their allied organisations to protest against the Centre's economic and labour policies, which they allege are anti-worker, anti-farmer, and pro-corporate in nature. Who is participating in the strike? More than 25 crore workers are expected to take part in t ...Read More >
Imphal (Manipur) [India], June 8 (ANI): The Manipur government has ordered the suspension internet and mobile data services including VSAT and VPN services in five districts for five days with effect from 11:45 P.M. of June 7. The five districts are Imphal West, Imphal East, Thoubal, Kakching & Bishnupur. "In view of the prevailing law and order situation in the State of Manipur especially in Imphal West, Imphal East, Thoubal, Kakching & Bishnupur districts districts of Manipur, there is apprehension that some anti-social elements might use social media extensively for transmission serious of ...Read More >
Imphal (Manipur) [India], June 8 (ANI): The district magistrates of Imphal West, Imphal East, Thoubal, Kakching, and Bishnupur districts have issued prohibitory orders on Sunday. Citizens have been requested to cooperate with the orders, which include restrictions on gatherings. The assembly of four or more persons has been restricted in Imphal West, Imphal East, Thoubal, and Kakching districts. The orders have been issued in view of prevailing law and order situation. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul Olakkengil From Kerala Dies During Scuba Diving Session at ...Read More >
Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid a buying rush in banking and other bellwether stocks on the back of a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched up by 55.70 points or 0.22 per cent to 25,461. From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HC ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >
Maharashtra will use special camera drones (LiDAR drones) to check mining and make more money. Following the government conncern over losing money because companies dig up more soil and stone than they report. These drones will accurately measure what's being dug Maharashtra Minister Chandrashekhar Bawankule announced on Saturday that the state government intends to utilise advanced LiDAR-based drone technology to monitor mining activities and boost revenue. This initiative will commence with a pilot project in the Pune district, reported news agency PTI. The state revenue minister highlight ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique and dedicated legal framework specifically designed for Ladakh. The framework ensures maximum local re ...Read More >
Shimla, July 5: The cumulative death toll in Himachal Pradesh's ongoing monsoon season has climbed to 75, combining 45 rain-related fatalities and 30 accidental deaths, including those from road mishaps, electrocution, and a gas explosion, according to official data released by the State Emergency Operations Centre (SEOC). The State Emergency Operations Centre (SEOC) released data covering the period from June 20 to July 4, 2025, which showed large-scale destruction across the hill state. The seasonal damage report, covering the period from June 20 to July 4, 2025, paints a grim picture of de ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
New Delhi [India], July 8 (ANI): A man and a woman were allegedly assaulted at a nightclub of a five-star hotel on Ashoka Road on July 1. As per the police, the victim informed that the incident took place around 4:00 am, when 23-year-old Vijay Malhotra and his cousin, Shashi Jaggi, were attending a party at the club. According to Malhotra's complaint filed at the Connaught Place police station, a dispute arose over the condition of the toilets with the staff, after which two bouncers assaulted him. Also Read | Cuddalore Train-School Van Accident: Speeding Passenger Train Rams Into Van in Ta ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...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 >
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 >
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 >
Bengaluru, Jul 9 (PTI) BJP leader R Ashoka on Wednesday called for the deportation of Bangladeshi and Pakistani nationals in Karnataka and urged the state government to cooperate with central agencies like NIA to dismantle networks supporting terror activities, without indulging in "vote bank politics". The Leader of Opposition in the Assembly remarks follow the arrest of three people, including a prison psychiatrist and an armed reserve police personnel, by the NIA following extensive searches in Karnataka over their alleged involvement in a prison radicalisation case linked to Pakistan-base ...Read More >
New Delhi, Jul 2 (PTI) The Reserve Bank of India has advised all banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to curb online fraudulent transactions, an official statement said on Wednesday. Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud. Also Read | Odisha Shocker: 32-Year-Old Tribal Woman Gangraped in Forest Area of Jajpur District; 2 Held. The data is collected from various s ...Read More >