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.
CHENNAI: The Murugappa Group announced the passing of Arunachalam Vellayan (1953-2025), chairman emeritus of Coromandel International and former chairman of the Murugappa Group, earlier today after a prolonged illness. He is survived by his wife Lalitha Vellayan, his sons Arun Vellayan, Narayanan Vellayan and grandchildren. Vellayan dedicated several decades to the Group, providing strategic direction across its diversified businesses. His vision, integrity and long-term approach to value creation helped strengthen and expand the Group, contributing significantly to its reputation as one of India's most respected conglomerates. The distinguished leader has served on the Boards of various companies in the Murugappa Group including as chairman of Coromandel International Limited and EID Parry Limited. In addition, he has served on the Boards of companies such as Kanoria Chemicals & Industries Limited, EXIM Bank and Indian Overseas Bank. He has held leadership positions in various industry and trade organisations including Southern India Chamber of Commerce, Fertiliser Association of India, Indian Sugar Mills Association and All India Cycle Manufacturers Association. He was the chairman of the Board of Governors of the IIM-Kozhikode.
CHENNAI: PGP Group of Companies chairman, Palani G Periasamy, on Wednesday, addressed the media and clarified about the Central Bureau of Investigation (CBI) searches at his company's head office in Nungambakkam on Tuesday. CBI officials conducted searches at several locations in Tamil Nadu on Tuesday in connection with a Rs 120 crore bank fraud case against Kancheepuram-based Padmaadevi Sugars Limited, in which searches were also conducted at the head office of the PGP group of companies. The allegations in the FIR include fraudulent availing of various credit facilities from Indian Oversea ...Read More >
CHENNAI: Arunachalam Vellayan (72), former Chairman of the Murugappa Group and Chairman Emeritus of Coromandel International, passed away on Monday after a prolonged illness, the ₹902-billion Murugappa Group said in an official statement.A fourth-generation member of the Murugappa family and great-grandson of Dewan Bahadur Murugappa Chettiar -- founder of the 125-year-old conglomerate -- Vellayan is survived by his wife Lalitha Vellayan, sons Arun Vellayan and Narayanan Vellayan, and his grandc ...Read More >
Tata Group is set to acquire a 60% stake in Pegatron's India operations, solidifying its position as a major contract supplier for Apple alongside Foxconn. This move follows Tata’s previous acquisition of Wistron’s business and marks another step in the company’s push into the electronics manufacturing ecosystem, including semiconductor production. Pegatron, which produces around 10% of India’s iPhone output, has a factory in Tamil Nadu and employs around 10,000 workers. This acquisition is part of Apple's strategy to expand its production base in India, with India expected to contribute nearl ...Read More >
MADURAI: Union Home Minister Amit Shah, who arrived in Madurai on Saturday night, will be taking part in the BJP's state core committee meeting during the day on Sunday, and address party functionaries at Velammal Global Hospital Ground in the evening. BJP sources said Shah will be visiting the Meenakshi Amman Temple on Sunday morning, where he is expected to spend around 30 minutes. He will then hold a meeting with the state's core committee, which includes union minister for state L Murugan, BJP state president Nainar Nagenthran, former governor Tamilisai Soundararajan, former state unit pr ...Read More >
The Central Bureau of Investigation (CBI) on Tuesday (August 12, 2025) conducted searches at six locations in Tamil Nadu including Tenkasi, Chennai, and Tiruchirapalli in connection with a case registered at CBI, BSFB (Bank Security & Fraud Branch), Bengaluru on the directions of the Madras High Court. The case was registered on the basis of a complaint from Indian Overseas Bank, Chennai, alleging that a Kancheepuram-based company, along with its associated entities and unknown public servants, ...Read More >
Stocktwits - India's sugar stocks could be headed for a crucial season. The country's sugar output is projected to rise nearly 18% in 2025-26, even as ethanol faces pricing pressures and the looming threat of tariffs on potential imports. With the government's focus on pushing ethanol-blended fuel and cane pricing in focus, the next few months will help determine if the sugar sector can regain its sweet spot. A few sugar stocks have been gaining traction on investors' radar from this space. EID Parry (India) has rallied 45% in the last six months, Balrampur Chini, and Dalmia Bharat have cloc ...Read More >
VMPL Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Delivering the inaugural address, Shri G ...Read More >
Mumbai, Jul 15 (PTI) Edible oil refiners are expected to witness a 2-3 per cent year-on-year decline in revenue to Rs 2.6 lakh crore in FY26 due to lower realisations, a report said on Tuesday. However, volumes are likely to grow 2.8-3.0 per cent year-on-year, Crisil Ratings said in the report. As a result, operating margin is expected to shrink 30-50 basis points to 3.3-3.5 per cent. But stable working capital requirements and lower capital expenditure (capex) will keep credit profiles stable, it stated. India imports over 60 per cent of its edible oil requirements, with crude palm oil acc ...Read More >
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends. Nigerian industrialist Aliko Dangote's net worth has hit $30 billion, according to the latest Bloomberg Billionaires Index. The index revealed that Dangote's fortune now stands at $29.8 billion, up $5.71 million from the previous day and $1.73 billion year-to-date. The increase comes amid strong performances from his listed ...Read More >
Hyderabad: North Telangana districts bore the brunt of heavy rains that disrupted normal life in many parts of the state on Wednesday. People in the northern districts were subject to harrowing times to reach their destinations due to the extensive damage to roads that was made worse by breaches across culverts and bridges on overflowing canals and water bodies. Meanwhile, flights were diverted at Shamshabad airport due to the heavy downpour in Greater Hyderabad limits. Hyderabad-bound flights were diverted to Vijayawada, Bengaluru and Tirupati in the afternoon. The IMD issued a red alert for ...Read More >
Bengaluru (Karnataka) [India], November 7 (ANI): Karnataka Chief Minister Siddaramaiah on Friday met sugarcane factory owners and farmers at Vidhana Soudha to discuss sugarcane pricing, ethanol production, and exports. Responding to their concerns, he said, "We will stand with the farmers. You too must be ready to help solve their problems," and assured the State Government would act on issues within its control. During the meetings with CM factory owners, it was pointed out that "Production and sale of sugar ethanol production and price fixing, sugar export and its pricing all fall under the ...Read More >