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.
Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway's Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes an option for six additional vessels of the same class. The IMO Type II ships will be built at SDHI's Pipavav facility in Gujarat, India's largest shipyard by dry dock capacity, which restarted operations last year under new ownership after emerging from bankruptcy. The tankers will be designed by Norway's Marinform and classed by DNV. Each Ice Class 1A vessel will feature a hybrid propulsion system with automation for improved manoeuvrability, lower emissions, and operational flexibility. The design also comes with the ability to convert to methanol or LNG fuel and upgrade battery capacity up to 5,000 kWh. "This partnership marks a defining moment for SDHI and for Indian shipbuilding -- our first major export of advanced chemical tankers to Norway," said SDHI director Vivek Merchant. "The trust placed in us by Rederiet Stenersen reflects global confidence in India's shipbuilding capabilities." Rederiet Stenersen, established in 1974, operates about 20 chemical and product tankers ranging between 13,000 and 19,000 dwt, trading primarily in Northern Europe.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
New Delhi, Jun 27 (PTI) India's biggest warship builder Mazagon Dock Shipbuilders Ltd on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC in an all-cash deal of about Rs 452 crore. The Mumbai-headquartered shipbuilder, in a regulatory filing, said the proposed acquisition will enable the company to strengthen its position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding market reach. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Frida ...Read More >
He added: "Indian companies source energy supplies from around the world while taking overall market conditions into account. We would stress that there should be no double standards, especially when it comes to energy trade." Nayara Energy has come under the lens of Western governments given that 49.13 percent of the Indian company is owned by Russia's petroleum giant Rosneft. Nayara, formerly Essar Oil Ltd, operates a refinery at Vadinar in Gujarat, which was hit with sanctions by the European Union (EU) in July this year. The latest sanctions imposed by the UK will impact 90 entities, inc ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Mumbai, Sep 2 (PTI) Shipbuilding and heavy fabrication firm Swan Defence and Heavy Industries Ltd (SDHI) on Tuesday said it has signed an initial pact with the Indian Maritime University for launching Centres of Excellence. The partnership will set up and develop these specialised centres, covering training, research and innovation in shipbuilding and naval architecture at the SDHI shipyard and Indian Maritime University (IMU) campuses to prepare the next generation of professionals for career opportunities across India's growing shipbuilding and heavy fabrication sectors, Swan Defence said. ...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: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...Read More >
Mumbai: The Shipping Corporation of India Ltd. (SCI) has announced a leadership change with the appointment of Shri Vikram Dingley as Director (Finance). This appointment is effective from July 1, 2025, until December 31, 2025, or until further notice. This decision follows approval from the Ministry of Ports, Shipping and Waterways, as stated in their official letter (Ref: SS-11012/4/2019-US(SU)) dated July 2, 2025. Shri Dingley will take on this role while continuing his current position as Director (Technical & Offshore Services) at SCI. Extensive Maritime Experience Shri Vikram Dingley ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the Samudra Se Samriddhi - Transforming India Maritime Sector programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employm ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
New Delhi [India], October 20 (ANI): Prime Minister Narendra Modi addressed the armed forces personnel during Diwali celebration on board the INS Vikrant on Monday. Mentioning that today is a remarkable day, a remarkable moment, and a remarkable sight, PM The Modi highlighted that on one side lies the vast ocean, and on the other, the immense strength of Mother India's brave soldiers. He noted that while one side presents the infinite horizon and boundless sky, the other side showcases the colossal might of INS Vikrant, embodying infinite power. The Prime Minister observed that the sparkle of ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
Chennai, Jul 11 (PTI) The Keel Laying ceremony of the third Fleet Support Ships (FSS) for Indian Navy was held at the L&T Shipyard at Kattupalli here on Wednesday. The ceremony was held in the presence of Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition, and senior officials from the Indian Navy, Hindustan Shipyard Ltd HSL and L&T, a PIB (Defence) release on Friday said. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 11, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. It said the Indian Navy had signe ...Read More >
India's U.S. Crude Oil Imports Surge 51 Per Cent Following Trump's Return To Office: Sources Sunday, August 03, 2025 by Indian Defence News Since President Donald Trump resumed office for his second term, India has significantly increased its crude oil imports from the United States, marking a substantial shift in its energy procurement strategy. From January to June 2025, India's imports of US crude oil averaged 0.271 million barrels per day (mb/d), a 51% increase compared to 0.18 mb/d in the same period in 2024. This growth was even more pronounced in the April-June 2025 quarter, which sa ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Mumbai : Swan Defence and Heavy Industries Limited (SDHI), India's largest shipbuilding and heavy fabrication company, has signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries, one of the world's leading shipbuilders in specialized and complex vessels. Both the partners will jointly explore commercial shipbuilding and heavy engineering projects across domestic and international markets. On the shipbuilding collaborations, the projects will encompass a wide range of commercial vessels, including tankers, gas carriers, container ships, and other specialized vessels. ...Read More >
MUMBAI: Defence stocks were trading in positive territory on Friday, a day after the union government approved the purchase of defence equipment worth Rs 1.05 lakh crore. Shares of all major public sector defence companies, including BEL, BEML, Hindustan Aeronautics, and Mazagaon Dock Shipbuilder, rose by up to 4.5 per cent during intraday trading. Mazagaon Dock Shipbuilders shares were up 1.46 per cent at Rs 3, 337.80 on NSE. The shipbuilding company's shares opened at Rs 3, 320.0 and rose to hit an intra-day high of Rs 3, 369.0 during the trading hours. Bharat Electronics shares started t ...Read More >
Mumbai: Gautam Adani, Chairman of the Adani Group, on Friday announced that the conglomerate is preparing for a capital expenditure investment of nearly $100 billion over the next five years. "The scale and pace of this commitment is unprecedented in India's private sector history as we do our part for strengthening the very spine of India's rise that must carry 1.4 billion dreams," Gautam Adani remarked. Addressing a conference of top doctors here, Gautam Adani said these investments are manifestations of the Adani Group's "belief in the future of India" comprising energy grids, logistics a ...Read More >
While no casualties were reported in the incident at the TVS Motor showroom, the Pune Fire Brigade rescued a man stuck inside the service centre. A showroom and service centre of TVS Motor in Pune's Bund Garden Road caught fire, leaving as many as 60 two-wheelers gutted, Monday night. While no casualties were reported in the incident, the Pune Fire Brigade rescued a man stuck inside the service centre. Pune Fire Brigade officials said 60 vehicles, including new and old electric and petrol-oper ...Read More >
New Delhi [India], September 29 (ANI): The Korean shipbuilder, Samsung Heavy Industries on Monday announced its entry into the Indian shipbuilding industry through a partnership with Swan Defense and Heavy Industries in Gujarat, enhancing its participation in India state-led initiative to boost local shipbuilding. As per a report by The Korea Herald under this partnership, both the companies agreed to explore collaboration across a wide range of ocean projects, including engineering, procurement and management in shipbuilding. SDHI, India largest shipyard, accounts for 30 per cent of the cou ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...Read More >
New Delhi, July 18 (SocialNews.XYZ) INS Nistar, the first indigenously designed and constructed diving support vessel, was commissioned into the Indian Navy in the presence of Minister of State (MoS) for Defence, Sanjay Seth, in Visakhapatnam on Friday, the Ministry of Defence said in an official statement. The ship, which is the first of the two diving support vessels being built by Hindustan Shipyard Limited, is designed to undertake complex deep sea saturation diving and rescue operations -- a capability select Navies possess across the globe. Lauding the Indian Navy and the indigenous sh ...Read More >
Panaji: Defence shipbuilder Goa Shipyard Ltd (GSL) reported its strongest-ever financial performance, with gross revenue crossing the Rs 3,000 crore mark for the first time in FY 2024-25. Revenue surged 53% to Rs 3,190 crore, while the value of production jumped 71% to Rs 2,801 crore. GSL's order book stood at over Rs 16,000 crore as of April 1, comprising multiple projects for the Indian Navy, Indian Coast Guard, and overseas clients.The company is in final negotiations for a landmark Rs 18,000 crore contract to build the Indian Navy's next-generation corvettes, which, once signed, could push ...Read More >
"KOCHI: The Cochin Shipyard Ltd (CSL) is keen on building capacity, confidence and credibility, said chairman and managing director (CMD) Madhu S Nair. "We were the first greenfield shipyard in India, the first to build large ships in India and we collaborated with the Indian Navy to build the nation's first aircraft carrier. We launched a warship with more than 90% indigenous content, from design to equipment. "India's maritime story is no longer about building ships, but about building capacity. This is the vision of India reclaiming its historic place among the great maritime nations," sa ...Read More >
India opened the scoring through Geeta Yadav (11th minute); however, in the second quarter, Belgium equalised through Marie Goenns (25th) The Indian junior women's hockey team made a positive start to its tour of Europe with a 3-2 win over hosts Belgium here on Sunday. India opened the scoring through Geeta Yadav (11th minute). However, in the second quarter, Belgium equalised through Marie Goenns (25th). Soon Belgium took the lead as Louise van Hecke (34th) found the back of the net. India made a valiant comeback and levelled the scores through Sonam (40th). The visitors continued to att ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration of ship building opportunities in India and abroad, sharing of technical expertise to scale up to the ...Read More >
Bengaluru : Titagarh Rail Systems Limited (TRSL), marked a key milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being built by TRSL under the Make in India initiative of the Ministry of Defence. The launch ceremony was graced by Mrs. Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch of the vessel. The craft was side launched into the Hooghly River at 16:10 PM. Diving Support Crafts ar ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. It purchased 1.9 million barrels per day (bpd) of Russia's crude in the first nine months of 2025, ...Read More >