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.
Chief Justice BR Gavai on Monday lamented the growing trend of making scandalous allegations against a judge when they do not pass orders favourable to one party or the other. The Chief Justice - who will demit office on November 23 - was hearing a contempt of court argument in the N Peddi Raju case, in which the Supreme Court had pulled up Raju for making scurrilous comments against a Telangana High Court judge, Justice Moushumi Bhattacharya. The court closed the case after senior advocate San
New Delhi:The Supreme Court on Tuesday expressed strong disapproval over the repeated doubts raised by political leaders regarding the credibility of Electronic Voting Machines (EVMs). The court criticised the tendency of some political figures to question the integrity of the EVM system when they lose elections, while conveniently accepting its legitimacy when they win. The bench, led by Chief Justice of India (CJI) D.Y. Chandrachud, pointed out the inconsistency in the stance taken by several leaders. "When they win, there is no issue with EVMs, but when they lose, questions are raised abou ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
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 >
Congress MP Ranjeet Ranjan has called for the replacement of Electronic Voting Machines (EVMs) with ballot papers, citing concerns over the legitimacy of election results. Ranjan raised doubts about the EVM's accuracy, suggesting that the results may be influenced and advocating for a ballot paper system like many other countries. Congress President Mallikarjun Kharge also echoed similar sentiments, accusing EVMs of wasting votes from marginalized communities. This comes after the Congress' defeat in the Maharashtra Assembly election. The Supreme Court, however, dismissed a petition seeking th ...Read More >
Hyderabad: Principal Secretary to Government, Municipal Administration and Urban Development (MA&UD) department M Dana Kishore has been given full additional charge (FAC) for the post of principal secretary to the Governor. With Kishore taking charge, B Venkatesham, who was serving the post earlier, has been relieved, said a statement from chief secretary A Santhi Kumari. On December 2, Dana Kishore, an Indian Administrative Service (IAS) officer from the 1996 batch, was appointed as the nodal officer tasked with coordinating efforts across various departments for projects related to the Osm ...Read More >
Hyderabad, Dec 5 (Maxim News): Chief Minister Revanth Reddy launched the Indiramma House Survey mobile application on Thursday morning. The selection of the beneficiaries of the housing scheme will be done from tomorrow (Friday) through this app. Click Here To Join Us On WhatsApp Speaking on this occasion, Chief Minister Revanth Reddy said that the Indiramma house scheme was started with Rs. 10 thousand. Today it has reached Rs. 5 lakh. He said that they are providing financial assistance at the rate of Rs. 5 lakh to each poor person for the construction of a house. It is everyone's dream t ...Read More >
Hyderabad (Telangana) [India], December 5 (ANI): BRS leader Dasoju Sravan Kumar on Thursday criticized Telangana CM Revanth Reddy, calling him a "colossal failure" in his role as CM. Speaking to ANI, Dasoju accused CM Reddy for "destroying the people of Telangana." "Police repression is the final refugee of a failing ruler. Unfortunately in Telangana, Revanth Reddy has turned out to be a colossal failure in Telangana as a CM...there is no people's governance in Telangana...what is happening here? I want to ask Rahul Gandhi, how did you make such a man the CM of Telangana...he is destroying t ...Read More >
New Delhi, [India], December 11 (ANI): The Supreme Court has expressed concern over the growing tendency to misuse Section 498A of the Indian Penal Code (IPC), which penalises cruelty by husbands and their relatives against married women. While quashing a Section 498A IPC case against a husband and his parents, a bench of Justices BV Nagarathna and N Kotiswar Singh said that the Section became a tool for unleashing personal vendetta against the husband and his family by a wife. Also Read | RBI Will Remain Alert and Agile to Meet Challenges, Says New Governor Sanjay Malhotra (Watch Video). " ...Read More >
New Delhi, Dec 12 (VOICE) The Supreme Court on Thursday ordered that no fresh suits would be registered under the Places of Worship Act in the country, and in the pending cases, no final or effective orders would be passed till further orders of the Apex Court. A Special Bench headed by CJI Sajiv Khanna asked the Union government to file within four weeks its reply to the clutch of petitions challenging the validity of the 1991 Act, which prohibits the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. The Bench, also c ...Read More >
Hyderabad: Assembly speaker Gaddam Prasad Kumar on Wednesday said he will consider the request for introducing the 'Best MLA' Award on the lines of 'Best Parliamentarian'. Meanwhile, legislative affairs minister D Sridhar Babu criticised BRS MLCs and MLAs for boycotting the first orientation programme for first-time legislators in the last 10 years in Telangana. Sridhar Babu said it was a two-day programme and that BRS members should attend it at least on the second day, Thursday, at MCRHRD Ins ...Read More >
Belagavi (Karnataka) [India], December 13 (ANI): Karnataka Legislative Council LoP Chalavadi Narayanaswamy on Friday expressed support for the 'One Nation, One Election' and questioned the opposition's protests against the proposal. Narayanaswamy said that 'One Nation, One Election' will ease the government's financial burden and reduce election costs, urging everyone to support the initiative. Also Read | Telangana Handcuffing Controversy: Tribal Farmer Taken To Sangareddy Hospital in Handcuffs by Police, CM Revanth Reddy Orders Inquiry (Watch Video). Speaking to ANI, Chalavadi Narayanaswa ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
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 >
New Delhi, Nov 26: The Supreme Court on Tuesday dismissed a public interest litigation (PIL) seeking directions to the Election Commission of India (ECI) to introduce ballot paper in place of EVMs (Electronic Voting Machines). A bench of Justices Vikram Nath and P.B. Varale rejected the prayer to return to the ballot system due to the alleged manipulability of EVMs. "When you lose, EVMs are tampered with; when you win, EVMs are fine," remarked the apex court, when the petitioner referred to the statements made by Andhra Pradesh Chief Minister Chandrababu Naidu and his predecessor Jagan Mohan ...Read More >
Chief Minister A. Revanth Reddy has announced that the Telangana Government will seek the Central Government's assistance for the construction of Indiramma houses to fulfil the Congress promise of providing houses to all shelterless families. 4.5 lakh houses, ₹5 lakh assistance The government has taken up construction of 3,500 houses each in the 119 assembly constituencies totalling to 4.5 lakh houses in the first phase and has decided to provide financial assistance of ₹5 lakh in four inst ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi: In a significant ruling, the Supreme Court has directed that no new lawsuits related to places of worship (temples, mosques, or shrines) can be filed until further notice. This decision was made during the ongoing hearing of petitions challenging the Places of Worship (Special Provisions) Act, 1991. The ruling prohibits the lower courts from issuing any survey orders or interim orders that might alter the status or nature of any religious site. The bench, comprising Chief Justice Sanjiv Khanna, Justice Sanjay Kumar, and Justice K.V. Vishwanathan, issued this order while hearing sev ...Read More >
Nagpur, Dec 15 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday slammed the opposition parties, accusing them of not believing in the Constitution. Fadnavis landed in Nagpur to a grand welcome from party workers and people. Talking to reporters at Nagpur airport, Fadnavis said, "It is a joyous moment that after becoming the chief minister, I have come to my janmabhoomi and karmabhoomi (birthplace and workplace). Nagpur is my family, and it is welcome by my family." Fadnavis took oath as the chief minister for the third time on December 5 after the Mahayuti combine swept the Novem ...Read More >
New Delhi: The Supreme Court on Tuesday expressed strong disapproval over the repeated doubts raised by political leaders regarding the credibility of Electronic Voting Machines (EVMs). The court criticised the tendency of some political figures to question the integrity of the EVM system when they lose elections, while conveniently accepting its legitimacy when they win. The bench, led by Chief Justice of India (CJI) D.Y. Chandrachud, pointed out the inconsistency in the stance taken by several leaders. "When they win, there is no issue with EVMs, but when they lose, questions are raised abo ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
The Sena UBT chief spokesperson was reacting to Rashtriya Janata Dal chief Lalu Prasad's comment that West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee should be allowed to lead the INDIA bloc. Sena (UBT) Rajya Sabha MP Sanjay Raut on Tuesday said that his party was open to discuss if someone outside of the Congress party should lead the Opposition INDIA bloc. Speaking in New Delhi Delhi, Raut said that all the constituents of the INDIA bloc are willing to have a discuss ...Read More >
New Delhi: The Supreme Court on Monday sought a response from the Election Commission (EC) on a PIL challenging its decision to increase the maximum number of voters per polling station from 1,200 to 1,500, saying it is "concerned".A bench comprising Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar asked senior advocate Maninder Singh, appearing for the poll panel, to file a short affidavit explaining the rationale behind the decision. ...Read More >
Jharkhand Chief Minister Hemant Soren on Thursday (December 5, 2024) expanded his Cabinet with 11 Ministers. Governor Santosh Kumar Gangwar administered the oath in a swearing-in-ceremony at Raj Bhavan in Ranchi. Six from Jharkhand Mukti Morcha (JMM), four from Congress and one from Rashtriya Janata Dal (RJD) have been inducted in the Cabinet of Mr. Soren. From JMM quota, six MLAs took oath at the event organised at Ashok Udyaan includes Chaibasa MLA Deepak Birua, Ghatsila MLA Ramdas Soren, Giridih MLA Sudivya Kumar , Bishunpur MLA Chamra Linda, Gomia MLA Yogendra Prasad and Madhupur MLA Haf ...Read More >
New Delhi: In an important direction, the Supreme Court on Thursday restrained all the courts in the country from entertaining and passing any effective interim or final orders on any lawsuits seeking relief including a survey of religious places under the 1991 law. The direction of a bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan came on a batch of pleas and cross pleas relating to the Places of Worship (Special Provisions) Act, 1991. ...Read More >
Moradabad (Uttar Pradesh) [India], December 13 (ANI): Samajwadi Party (SP) leader ST Hasan on Friday said that the 'One Nation, One Election' rule was not possible in the country with the various cultures and laws present. "The One Nation, One Election rule is not possible in our country. Our country has a lot of different cultures and religious laws. There is a huge conspiracy behind it... Indirectly, only the centre will rule. They are trying to change the Constitution. They are talking about a common civil court, saying One Nation One Constitution... tomorrow you'll say One Nation One Cult ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
Punjab farmer leader Jagjit Singh Dallewal's hunger strike enters its 17th day. His health is critical. The Supreme Court urges dialogue between the government and Dallewal. Dallewal demands MSP guarantee and other farmer-centric issues. He has written an open letter to the Prime Minister. Farmers' organizations continue their protests at the Punjab-Haryana border.The Supreme Court on Friday expressed serious concern over the deteriorating health of Punjab farmer leader Jagjit Singh Dallewal, who ...Read More >
Srinagar (Jammu and Kashmir) [India], December 2 (ANI): Jammu and Kashmir National Conference (JKNC) President Farooq Abdullah claimed that Muslims are feeling unsafe and stated that there is no discrimination based on religion, as guaranteed by the Constitution. The former Chief Minister of Jammu and Kashmir also said that the government should treat Muslims without any discrimination. "...There is no doubt that Muslims are feeling unsafe. I will ask the govt of India to stop that. 24 crore Muslims cannot be thrown into the ocean. They (the govt) should treat Muslims equally, there is no di ...Read More >
New Delhi: The Supreme Court on Thursday directed courts across the country to refrain from admitting or passing any new orders on pleas seeking surveys of mosques to determine if temples lie beneath them. This decision extends to existing suits, halting any further orders on the matter. The directive was issued as the apex court continued hearing petitions challenging the constitutional validity of the Places of Worship (Special Provisions) Act, 1991. This Act prohibits filing lawsuits to reclaim places of worship or alter their character from what existed on August 15, 1947. Judicial Revie ...Read More >
Hyderabad: Terming the handcuffing of Lagacharla farmer Hirya Nayak, currently lodged in Sangareddy jail, while taking him to hospital for treatment "inhuman", BRS working president KT Rama Rao has urged the Chief Justice of Telangana high court to take the case suo motu and urged governor Jishnu Dev Varma to order a probe into the incident. Addressing a press meet on Thursday, the BRS leader said the farmer, who is suspected to have suffered a heart attack while in jail, was treated inhumanly. ...Read More >