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, Nov 7 (PTI) Delhi airport, the country's busiest airport, plunged into chaos on Friday, as more than 800 domestic and international flights were delayed due to the air traffic control system's technical issue, which was later addressed by the AAI. The Airports Authority of India (AAI) also said that due to some backlogs, there may be some delays in the normal functioning of automated operations, but the situation will be normal soon. All airline operations at the Indira Gandhi International Airport (IGIA) were impacted due to a technical issue in the Automatic Message Switching System (AMSS), which supports air traffic control data. Sources said more than 800 flights were delayed, and at least 20 flights were cancelled. The national capital's Indira Gandhi International Airport handles more than 1,500 flight movements daily. The AAI, in a post on X at 8:56 pm, said it has addressed the "technical issue in the Automatic Message Switching System (AMSS), which caused delays in processing flight plan messages". The issue was detected in the IP-based AMSS system on November 6. "The OEM (Original Equipment Manufacturer) was engaged, and additional staff were deployed to manually process Flight Plans for the Air Traffic Control system to ensure uninterrupted and safe air traffic operations immediately. "A team of ECIL officials and AAI personnel is still on site. The AMSS systems are up and functional now. Due to some backlogs, there may be some delays in the normal functioning of automated operations, but the situation will be normal soon," the AAI said in another post on X. ECIL (Electronics Corporation of India Ltd) officials from Hyderabad came to the national capital to help in addressing the technical issue. An enquiry will be conducted to find out the reasons that resulted in the technical issue, sources said. The AAI, which provides air traffic control, navigation and other services, deployed additional manpower to manually process flight plans. The technical issue was detected on November 6, and immediately, a review meeting was conducted by the Civil Aviation Secretary, along with AAI Chairman, AAI Member ANS and other officials, and necessary directions were given to address the issue, as per the AAI post. Information available on the flight tracking website Flightradar24.com showed that over 800 flights have been delayed at the airport, and the delay for departing flights is around 50 minutes at the Delhi airport. The count of flights includes arrivals as well as departures. AAI, in a statement, also said that additional manpower was deployed to manually process flight plans, ensuring continuity and safety of air traffic control operations without disruption. "A dedicated team, comprising officials from Electronics Corporation of India Limited and AAI, continues to remain on-site to oversee system stability and performance," the statement said. Earlier in the day, IndiGo, Air India, Air India Express, SpiceJet, and Akasa Air said there were delays in their flights at the Delhi airport due to an issue with the air traffic control system. According to sources, there were long queues near the boarding gates, and hundreds of passengers were waiting inside the airport terminals for flight updates. There were some issues with the AMSS that provides the information for the Auto Track System, which gives the flight plans, one of the sources said earlier. With the system issues continuing, air traffic controllers are preparing the flight plans manually with available data, which is a time-consuming process, and as a result, many flights are getting delayed, the sources said during the day. Earlier, Delhi airport operator DIAL said all airline operations at the airport are currently delayed and that the concerned authorities were working on resolving the issue at the earliest. PTI RAM BAL BAL
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Jaipur, Dec 3 (PTI) A student of a government college allegedly committed suicide by jumping from the rooftop of the college building in Rajasthan's Sirohi district, police said on Tuesday. According to police, Rahul Garasiya, a second-year MMBS student at BR Ambedkar Medical College, was allegedly upset about not performing well in his exam, which was held on Monday. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Singh Badal by Akal Takht in 2015 Sacrilege Case?. On late Monday when Garasiya was studying with his fellow students on the third floor of the building, he ...Read More >
New Delhi, May 22 (SocialNews.XYZ) The pilots of the IndiGo plane, which was damaged in rough weather en route to Srinagar, were denied permission by the Lahore ATC to venture briefly into Pakistan airspace to escape the hailstorm, in complete violation of humanitarian norms. India's civil aviation regulator, the DGCA, said the aircraft was cruising at an altitude of approximately 36,000 feet near Punjab's Pathankot when it ran into a thunderstorm and hailstorm. Experiencing severe turbulence, the crew first requested the Northern ATC of the Indian Air Force to allow the flight to deviate to ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
New Delhi, Dec 3 (PTI) Shares of seven Adani Group firms ended in the green on Tuesday, with Adani Ports surging 6 per cent, emerging as the biggest gainer among the Sensex and Nifty firms. The stock of Adani Ports surged 6.02 per cent, Ambuja Cements soared 5.15 per cent, ACC (2.56 per cent), Adani Enterprises (2.33 per cent), Sanghi Industries (2.09 per cent), Adani Wilmar (1.19 per cent) and NDTV (0.45 per cent) on the BSE. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Singh Badal by Akal Takht in 2015 Sacrilege Case?. However, shares of Adani Green Energy went low ...Read More >
Kolkata, Dec 6 (PTI) Air India Express, the budget-carrier arm of Air India, is embarking on a significant expansion by increasing its fleet size and introducing new routes, as passenger growth remains robust. The airline, however, has deferred plans to launch direct flights between Kolkata and Dhaka, citing the ongoing political crisis in Bangladesh. "You would recall we had announced our operational plan for Dhaka, which is a new and significant market for us. But because of the situation there, we have deferred those plans," Aloke Singh, Managing Director of Air India Express, said. "As ...Read More >
New Delhi: From 2025, the CUET-UG will be conducted exclusively as a computer-based test (CBT), and students will have the flexibility to appear for any subject, regardless of what they studied in class 12. This decision follows a review conducted by an expert panel set up by the University Grants Commission (UGC), as explained by UGC Chairman Jagadesh Kumar. What are the major changes? In an interview with PTI, Kumar elaborated on the changes saying, "The exam will be conducted only in CBT mode from 2025, unlike the hybrid mode used last year. We have also reduced the number of subjects fr ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...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 >
New Delhi: Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. A senior official in the know told PTI that the efforts are on to streamline the regulations for wet-leasing of planes to assist in the growth of the aviation. "Realities of the ...Read More >
New Delhi, Dec 18 (PTI) Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. Also Read | Cancer Vaccine Ready for Use, Announces Russia; What Is the Cost? How Effective Is It? When Will It Be Available?. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely c ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over USD 15 billion in investment. The acquisition was executed through Aditya B ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. Also Read | How To Activate Your UAN O ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Sing ...Read More >
New Delhi, Dec 3 (PTI) Mahindra & Mahindra on Tuesday said it is in discussions with InterGlobe Aviation, which owns IndiGo airlines, to find an amicable solution regarding a trademark issue over the use of "6e" in its all-new electric model. The automaker, which introduced two electric brands -- BE 6e and XEV 9e -- earlier this month, said its trademark 'BE 6e' differs from IndiGo's '6E', eliminating any risk of confusion. IndiGo uses 6E as the airline designator code. "We have taken on board the concerns that InterGlobe Aviation Ltd have to infringement of their goodwill, which was not ou ...Read More >
New Delhi, Dec 17 (PTI) Drug firm Granules India on Tuesday said its subsidiary has received approval from the US health regulator for a generic medication used to treat attention-deficit hyperactivity disorder. Granules Pharmaceuticals, Inc (GPI) has received approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Lisdexamfetamine Dimesylate chewable tablets, the drug firm said in a statement. The approved drug is available in multiple strengths; 10 mg, 20 mg, 30 mg, 40 mg, 50 mg, and 60 mg, it added. The company's product is the generic ...Read More >
New Delhi, Jan 8 (PTI) The government is planning to make it mandatory for domestic airlines to share weather data captured by aircraft during takeoffs and landings with the weather office, which could lead to significantly better forecasts. Currently, the India Meteorological Department (IMD) launches weather balloons from 50-60 stations to collect critical data on temperature, humidity and wind speed at various altitudes, which form crucial inputs for weather forecasting models. These inputs could increase exponentially as the country records more than 6,000 takeoffs and landings by domest ...Read More >
New Delhi: The national capital and its neighbouring regions woke up to a dense fog which led to poor visibility in the early hours. The reduced visibility due to dense fog around the Delhi's Indira Gandhi International (IGI) Airport led to disruptions in flight operations across the region. As per a report by FlightRadar24, Delhi Airport saw cancellations of four flights due to dense fog and low visibility. In addition to this, 118 flights departing from Delhi Airport and 39 flights scheduled for arrival were delayed on Wednesday morning. The airport authorities also informed the flyers that ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
New Delhi, May 23 (PTI) GMR Airports saw its consolidated loss widen to Rs 253 crore in the three months ended March 2025 even as total income rose during the same period. The company had a loss of Rs 168 crore in the year-ago period. The figures are after tax for continuing operations. According to a regulatory filing on Friday, GMR Airports' total income climbed to Rs 2,977 crore in the fourth quarter of 2024-25 financial year from Rs 2,570 crore in the year-ago period. For the 2024-25 fiscal, the company's loss narrowed to Rs 817 crore from Rs 829 crore in the same period a year ago. D ...Read More >
New Delhi [India], June 5 (ANI): Air India announced on Thursday that it has added more flights to Bangkok, Colombo, and Kathmandu to meet the growing passenger demand. Effective July 7, 2025, Air India will add a sixth daily flight between Delhi and Kathmandu, increasing frequency from 35x weekly to 42x weekly. Air India will add a second daily flight between Delhi and Colombo, doubling the route's frequency from 7x weekly to 14x weekly. The Tata Group airline will add a third daily flight between Mumbai and Bangkok, increasing frequency from 13x weekly to 18x weekly. Air India said in a ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. 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 acquisition continues Aditya Birla's expansion in the US' manufacturing sect ...Read More >
New Delhi, Dec 4 (PTI) Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. A senior official in the know told P ...Read More >
New Delhi: CUET-UG will be conducted only as a computer-based test (CBT) from 2025 and students will be allowed to appear for any subject irrespective of the subjects studied in class 12, according to UGC Chairman Jagadesh Kumar. In an interaction with PTI, Kumar said an expert panel set up by the University Grants Commission (UGC) conducted a review of the exam and proposed several changes. "The exam will be conducted only in CBT mode from 2025 unlike hybrid mode last year. We have also reduced the number of subjects from 63 to 37 and admissions for the dropped subjects will be conducted on ...Read More >
New Delhi, Dec 12 (PTI) Rajya Sabha proceedings were adjourned for the day Thursday afternoon amid ruckus as the treasury and opposition benches trades charges over no-trust notice against Chairman Jagdeep Dhankhar, and the BJP's allegations of the Congress leadership's "connections" with billionaire investor George Soros. The House witnessed two adjournments in the day before that. The first was during the Zero Hour in the pre-lunch sitting when Chairman Dhankhar rejected six notices to adjourn the scheduled business of the day and take up matters mentioned in the notices. As several oppos ...Read More >
The total CISF manpower sanctioned for providing a counter-terrorist cover to the two upcoming airports is 2,870. The Union government has sanctioned a combined strength of more than 2,800 CISF personnel to guard two soon-to-be operational international airports in Noida and in Maharashtra's Navi Mumbai, official sources said Thursday. Sources told PTI that the ministry of home affairs (MHA), under whose command the CISF works, had sanctioned 1,840 posts for the Navi Mumbai airport and 1,030 th ...Read More >
Lok Sabha MPs and AICC general secretaries Priyanka Gandhi Vadra and K C Venugopal were at the AIIMS at the time of his passing. P P Madhavan, a long-time aide of the Gandhi family and personal secretary to Congress Parliamentary Party Chairperson Sonia Gandhi, died Monday after suffering a heart attack. He was 73. Lok Sabha MPs and AICC general secretaries Priyanka Gandhi Vadra and K C Venugopal were at the AIIMS at the time of his passing. He will be cremated at his native place of Thrissur i ...Read More >
NEW DELHI: Police arrested four gang members for kidnapping actor Mushtaq Mohammad Khan from Delhi airport and holding him captive in Uttar Pradesh's Bijnor, while demanding ransom. Officials revealed that the criminals had also planned to kidnap veteran actor Shakti Kapoor by inviting him to a purported event. Bijnor superintendent of police Abhishek Jha disclosed on Saturday that event manager Shivam Yadav lodged a complaint on December 9. The complaint said that on October 15, Lavi, also kno ...Read More >