Abtak Logo

Business News

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.

24
BusinessNov 07, 2025 10:06 PM

Assam utilising Centre's interest-free loans effectively, says FM Sitharaman

Guwahati: Union Minister of Finance and Corporate Affairs,Nirmala Sitharaman said that under the Special Assistance to States for Capital Investment Scheme, the Central Government provides interest-free loans to States for a period of 50 years and Assam has performed effectively in utilizing these funds in a planned and productive manner. Sitharaman, inaugurated two landmark infrastructure projects in Guwahati this evening -- the Gateway of Guwahati Terminal and Jetty and the Brahmaputra Riverfront - Sati Radhika Shaanti Udyan. Together, these projects symbolize the Government's commitment to revitalizing Assam's riverine transport ecosystem and reconnecting the city with the majestic Brahmaputra through sustainable and people-centric urban transformation. The finance minister commended the initiative as a transformative step in developing sustainable, multimodal connectivity and celebrating Assam's cultural identity through urban design. "The Gateway of Guwahati Terminal is not just a transport facility -- it is a statement of Assam's progressive vision. This project will boost river-based transport, promote tourism, and open new economic opportunities for the people of Assam," said Sitharaman. Referring to the riverfront project, she remarked that "The Brahmaputra is the soul of Assam's civilization; the State's development is intrinsically linked to it. By reconnecting the city and its people to the river, this project celebrates both tradition and transformation." The Union Minister appreciated the efforts of the State Government in developing modern urban facilities for Guwahati, noting that the project beautifully blends culture with technology and reflects a visionary approach to meeting the needs of citizens. She emphasized that the urban development project has been implemented thoughtfully, ensuring that local livelihoods and traditional infrastructures are not disrupted. While developing the riverfront, the Uzan Bazar fish market has been preserved and remains operational, with a dedicated access route created within the riverfront area to facilitate fishermen in continuing their activities in the Brahmaputra. The finance minister lauded the progress made in Assam's Inland Water Transport (IWT) sector and highlighted the benefits of inland waterways as a sustainable transport mode. The finance minister observed that a 24-ton cargo consignment can move 1 km on 1 litre of fuel by road, 85 km by rail, but an impressive 105 km by waterways -- demonstrating the economic and environmental benefits of water transport. She also underscored the collaborative spirit of development between the Centre and the State, stating that the Chief Minister is taking a well-planned and strategic approach to drive industrial growth in Assam. She highlighted that under the Special Assistance to States for Capital Investment Scheme, the Central Government provides interest-free loans to States for a period of 50 years. In this regard, she commended Assam's performance for effectively utilizing these funds in a planned and productive manner. She lauded the visionary leadership of Prime Minister Narendra Modi and the developmental focus of the Assam Government under Chief Minister Himanta Biswa Sarma, emphasizing that such projects reflect the shared national vision of building a Viksit Bharat by 2047 through inclusive and sustainable development.

Comments

Similar News

32
2
1
PoliticsNov 18, 2024 05:25 AM

Violence continues in Manipur; BJP, Cong offices ransacked

IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >

31
1
BusinessDec 02, 2024 03:40 PM

Business News | Green Ambitions Take Centre Stage as IVCA GreenReturns Summit 2024 Commences in New Delhi | LatestLY

New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >

27
1
PoliticsNov 26, 2024 08:49 PM

Assam Celebrates Constitution Day: A Tribute to India's Democratic Essence | Headlines

Assam's 75th Constitution Day highlighted the importance of the Indian Constitution, with CM Himanta Biswa Sarma commemorating the contributions of freedom fighters and Dr. BR Ambedkar. The event, held in Guwahati, underscored the Constitution's reflection of India's cultural heritage and its role in ensuring equality, freedom, and justice for all citizens. Assam Chief Minister Himanta Biswa Sarma participated in the 75th Constitution Day celebrations in Guwahati, emphasizing the significance of the Indian Constitution. This annual observation, assigned by Prime Minister Narendra Modi in 2015 ...Read More >

37
BusinessNov 26, 2024 08:48 PM

All you need to know about PAN 2.0

New Delhi, Nov 26: A day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. 1. What is PAN 2.0? PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this pr ...Read More >

34
PoliticsNov 26, 2024 08:44 PM

Constitution day: Changing nature of observance through The Hindu's eyes (1979-2024)

Story so far: India celebrated its 75th year of adoption of its Constitution on Tuesday (November 26, 2024) with President Droupadi Murmu addressing a joint session of parliament. While the Constitution of India hits its diamond jubilee this year, event commemorating is as 'Constitution Day' was started only in 2015. Prior to this, it was called 'National Law Day' -- first initiated by former Supreme Court Bar Association (SCBA) president Laxmi Mall Singhvi in 1979. "The Indian Constitution is a live, progressive document," said Ms. Murmu adding, "I urge all citizens to imbibe the constitutio ...Read More >

31
OtherNov 28, 2024 08:24 PM

Kartheeka Brahmotsavams off to a grand start at Goddess Padmavati temple in Tiruchanur

The annual 'Kartheeka Brahmotsavams' began at the temple of Goddess Sri Padmavati Ammavaru at Tiruchanur here on November 28 (Thursday). Priests hoisted the 'Dhwajapatam', the sacred flag bearing the imprint of the divine elephant (the celestial carrier of Goddess Padmavati), atop the temple flag post as part of the 'Dhwajarohanam' ceremony, which signalled the formal launch of the nine-day fete. Under the guidance of the 'Pancharatra Agama' adviser Manikantha Swamy, the officiating priest (Kankana Bhattar), K. Srinivasacharyulu, and priest Babu Swamy conducted the rituals. Executive Office ...Read More >

27
PoliticsDec 03, 2024 06:01 PM

'Hum Kisi Se Kam Nahi': UP CM Yogi Adityanath Honors Achievers On International Day Of Persons With Disabilities

Lucknow, December 3: Chief Minister Yogi Adityanath, on Tuesday, emphasized that Prime Minister Narendra Modi's emphasis on using the term "Divyang" and respecting their sentiments has inspired persons with disabilities to advance in life and various fields with dignity. He highlighted that whenever Divyangjans have been given opportunities, they have consistently demonstrated their exceptional talents and abilities. Speaking at a state-level award ceremony at Lok Bhavan on International Day of Persons with Disabilities, the Chief Minister celebrated the achievements of Divyangjans and reaffi ...Read More >

31
BusinessNov 27, 2024 01:41 PM

Hemant Soren 2.0: Adityapur industries call for policy overhaul and aid

Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >

32
PoliticsNov 28, 2024 08:28 PM

'This Was The First Time Women Felt Valued Beyond Their Votes': Aditi Tatkare

In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >

28
BusinessDec 03, 2024 04:23 PM

Uttar Pradesh: 28-Year-Old Muneer Khan From Lakhimpur Kheri Creates AI-Enabled Eye-Glasses To Help Visually Impaired | 📰 LatestLY

Lakhimpur Kheri, December 3: Talent knows no boundaries. A testament to this is 28-year-old Muneer Khan from Lakhimpur Kheri in Uttar Pradesh, whose innovations and technical skills have gained him global recognition. From a 'smart water bottle' to 'smart soil testing device,' and more recently, 'AI-enabled eye-glasses,' what makes his innovations stand out is their ability to improve everyday convenience for ordinary people. Born in a humble and poor family in Kheri's Gauriya village, Muneer lost his father when he was just one year old. His four older brothers and mother worked tirelessly t ...Read More >

18
PoliticsNov 19, 2024 05:05 AM

"Maharashtra people clever enough...": BJP's K Laxman slams Telangana CM Revanth Reddy

Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >

37
BusinessNov 26, 2024 02:41 PM

Union Minister Shri Shivraj Singh Chouhan launches Nayi Chetna 3.0 - National Campaign Against Gender-Based Violence in New Delhi

Union Minister of Rural Development and Agriculture & Farmers' Welfare Shri Shivraj Singh Chouhan launched the third edition of Nayi Chetna - Pahal Badlaav Ki, a national campaign against gender-based violence, at Rang Bhawan Auditorium, New Delhi yesterday. Delivering his address, Shri Chouhan stated that the Government has taken a slew of initiatives for women's economic and social development. He stressed that gender-based violence is not an issue that persists in rural areas, but in urban areas as well. He said with the presence of Union Minister of Women and Child Development Smt. Annpurn ...Read More >

33
BusinessNov 27, 2024 12:27 PM

All you need to know about PAN 2.0

day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this project, ITD is consolidating all processes ...Read More >

18
PoliticsDec 03, 2024 06:11 PM

Top Sources Say Shiv Sena To Settle For 8 Plum Portfolios, NCP To Retain Finance In Maharashtra

Mumbai: Two days ahead of the Maharashtra government formation, top sources have said that Eknath Shinde's Shiv Sena is likely to be allotted eight portfolios including the Urban Development Ministry. Sources also said that Ajit Pawar's NCP will retain the Finance Ministry. Sources have further said that there is no dispute between Shiv Sena and the BJP over the Chief Minister's which is yet to be revealed by the Mahayuti alliance. Meanwhile, reports are doing the rounds that Sena wants swearing in of its ministers on December 5 itself, along with oath taking of Chief Minister and Deputy Chie ...Read More >

25
BusinessNov 28, 2024 08:28 PM

Indian has called on Bangladesh to ensure safety of Hindus, MoS Kirti Vardhan Singh tells Parliament

New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >

23
OtherDec 03, 2024 03:01 PM

WATCH: 'The Sabarmati Report' Producer Ektaa Kapoor meets CM Majhi in Odisha Assembly

Bhubaneswar: Famous producer Ektaa Kapoor has met Chief Minister Mohan Majhi in Odisha Assembly on Tuesday and thanked him for declaring 'The Sabarmati Report' tax-free in Odisha. She had urged Chief Minister Majhi and the Council of Ministers to watch the film. On November 28 Odisha government declared to remove the entertainment tax from 'The Sabarmati Report', informed Minister of Parliamentary Affairs Mukesh Mahaling. The movie is produced by her. Taking to his X handle, Chief Minister Mohan Charan Majhi said, "People's government has decided to make the film 'Sabarmati Report' based on ...Read More >

20
PoliticsNov 18, 2024 04:54 AM

AAP Leaders Support Different Candidates in Barnala Bypoll: Bajwa's Statement | Chandigarh News - Times of India

Leader of Opposition in Punjab Assembly, Partap Singh Bajwa, has accused two top AAP leaders of backing separate candidates for the Barnala assembly bypoll on November 20. Bajwa claimed that while one leader is supporting the official AAP candidate, the other is backing a rebel candidate. He urged the public to reject both and vote for the Congress candidate. Bajwa also took a jibe at Punjab Chief Minister Bhagwant Mann, suggesting he could become Punjab's "Eknath Shinde" after reportedly being in contact with the Union Home Ministry through a Punjab-based Union minister. ...Read More >

30
PoliticsNov 26, 2024 08:42 PM

NIA begins probe into three Manipur violence cases

The National Investigation Agency (NIA) has launched an investigation into three cases of violence in Manipur, including the abduction and killing of six women and children from the State's Jiribam district on November 11. The anti-terror agency re-registered three cases afresh on November 13 after the Ministry of Home Affairs decided to hand over the cases to it considering the gravity of the offences amid escalating violence in the strife-torn State. "The objective is to unearth the larger conspiracy behind the brutal attacks," an NIA spokesperson said on Tuesday (November 26, 2024). Last ...Read More >

27
BusinessNov 27, 2024 01:40 PM

Railway line expansion will benefit citizens in MP

Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >

21
PoliticsNov 28, 2024 10:54 AM

"Transformed the theme of terrorism to tourism in J-K": COAS General Upendra Dwivedi

Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >

33
EntertainmentDec 03, 2024 06:07 PM

Entertainment News | 'The Sabarmati Report' Producer Ektaa Kapoor Meets Odisha CM Mohan Charan Majhi | LatestLY

Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >

18
PoliticsNov 26, 2024 08:46 PM

Constitution Day 2024: Government Strengthened Spirit of Constitution Over Last 10 Years, Says PM Narendra Modi (Watch Video) | 📰 LatestLY

New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >

19
BusinessNov 27, 2024 01:41 PM

MP has one of the largest land banks in India: Chief Minister

Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >

20
BusinessNov 27, 2024 09:12 PM

India approves $1.05bn rail network expansion to boost connectivity

The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >

30
PoliticsNov 28, 2024 10:54 AM

'BJP keeps half Maharashtra cabinet, offers Shinde Sena consolation deal'

Shinde accepts BJP's decision, likely to receive key ministries Shinde has agreed to BJP's decision to make a Chief Minister from its ranks. He is expected to be given important portfolios like Urban Development, Public Works Department, and Water Resources. Sources also say that two Deputy Chief Ministers will be appointed, one each from Shiv Sena and NCP. Pawar has told his party leaders that the swearing-in ceremony could take place this weekend. Despite initial resistance, Shinde announced his party's support for Prime Minister Narendra Modi and Home Minister Amit Shah's decision on the ...Read More >

34
BusinessDec 02, 2024 01:20 PM

Government warns BSNL, Jio, Airtel, Vi Users to avoid calls from THESE numbers to avoid digital scams

Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >

27
PoliticsDec 03, 2024 06:24 PM

Shinde visits hospital ahead of BJP legislature party meeting; preparation on for swearing-in

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 >

24
OtherNov 18, 2024 05:04 AM

18-yr-old from Chennai leads Team India's Carrom World Cup sweep

CHENNAI: Singles, Doubles, and the Team Championship - the 18-year-old Chennai girl, the daughter of an auto driver from Kasimedu, left nothing for competitors from around the world at the sixth edition of the Carrom World Cup held in the US which Team India swept. The Women's Singles final was a hard-fought contest, where the 18-year-old M Khazima kept her nerves to defeat 12-time national and multiple World Cup winner Rashmi Kumari from Bihar. With this victory, Khazima became the youngest Carrom World Champion. Khazima, whose father Mehaboob Basha is an auto driver from Kasimedu, had been ...Read More >

32
BusinessNov 26, 2024 08:47 PM

Haryana Farmers Face Fertilizer Shortage Crisis; Government Denies Problem, Imposes Stubble Burning Fines

Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >

15
BusinessNov 27, 2024 09:14 PM

Union Minister Gajendra Shekhawat inaugurates 4-day International Tourism Mart in Assam's Kaziranga

Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture and diversity to the world, adding that the event also offers a platform for people from across the g ...Read More >