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: Nepal's Prime Minister KP Sharma Oli's decision to visit China before India after assuming office in 2024 had reignited speculations about the trajectory of India-Nepal bilateral ties. While some analysts see this as a shift in Kathmandu's diplomatic priorities, New Delhi has downplayed concerns, maintaining that relations between the two South Asian neighbours remain strong. "I can tell you that the relations between the two countries remain good and strong and we want to further strengthen these," External Affairs Ministry spokesperson Randhir Jaiswal said during his regular media briefing here on Friday. Jaiswal's comments come in the wake of the visit of Munu Mahawar, the new Additional Secretary (North) who looks after Nepal in the Ministry of External Affairs, to Kathmandu earlier this week. "During the course of his visit, he held discussions with senior officials of Nepal on how to further strengthen India-Nepal ties," Jaiswal said. "There were discussions on other issues as well." The bilateral relationship between India and Nepal has seen some interesting developments since Oli assumed office as Nepal's Prime Minister for the fourth time in July 2024. Oli's return to power has been marked by efforts to balance Nepal's diplomatic engagements with both India and China. Upon his appointment, Prime Minister Oli emphasised his commitment to strengthening Nepal-India relations. In September 2024, on the sidelines of the 79th United Nations General Assembly in New York, Prime Minister Narendra Modi held a bilateral meeting with Oli. Both leaders described the meeting as very good. Economic collaboration, particularly in the energy sector, has been a focal point of India-Nepal relations during Oli's tenure. In October 2024, Nepal sought Indian investment for its hydropower projects, aiming to boost electricity generation and export surplus power to India. This initiative aligns with India's goal of achieving net-zero emissions by 2070 and reflects Nepal's target of attaining a 28 GW generation capacity within the next decade. In December 2024, Prime Minister Oli visited China to seek momentum for infrastructure projects under Chinese President Xi Jinping's pet Belt and Road Initiative (BRI). This visit marked a departure from the traditional practice of Nepalese leaders making their first foreign visit to India after assuming office. The move was interpreted as an effort to recalibrate Nepal's economic ties with China and lessen reliance on India, which currently dominates Nepal's trade landscape. During the course of his visit to Nepal this week, Mahawar led the Indian delegation in the fifth meeting of the Joint Project Monitoring Committee (JPMC) in which both sides carried out a comprehensive review of the progress of Government of India-assisted post-earthquake reconstruction projects in housing, education, health and cultural heritage sectors in Nepal. After the April 2015 Himalayan earthquake in Nepal, India committed $250 million grant assistance for post-earthquake reconstruction in Nepal. The grant was allocated in four different sectors - housing ($100 million), education ($50 million), health ($50 million) and cultural heritage ($50 million). The JPMC mechanism was set up in August 2017 to monitor the progress of these projects.
Lucknow, Jan 8 (UNI) Chief Minister Yogi Adityanath on Wednesday said that the belief system of Sanatan Dharma represents the world's oldest culture, standing above comparison with any religion or sect. The CM said, "I inherit a legacy that spans thousands of years, with its cultural and spiritual events equally ancient. The tradition of Sanatan is higher than the sky and beyond comparison." Speaking at the 'Mahakumbh Mahasammelan, he emphasised the profound significance of the Maha Kumbh. He explained that after the Devasura Sangram (the battle between gods and demons), drops of nectar fell ...Read More >
PRAYAGRAJ, India (AP) -- Millions of Hindu devotees, mystics and holy men and women from all across India flocked to the northern city of Prayagraj on Monday to kickstart the Maha Kumbh festival, which is being touted as the world's largest religious gathering. Over about the next six weeks, Hindu pilgrims will gather at the confluence of three sacred rivers -- the Ganges, the Yamuna and the mythical Saraswati -- where they will take part in elaborate rituals, hoping to begin a journey to achieve Hindu philosophy's ultimate goal: the release from the cycle of rebirth. Here's what to know abo ...Read More >
Jaipur, Jun 5 (PTI) Chief Minister Bhajanlal Sharma on Thursday called upon people to adopt an environment-friendly lifestyle and said that the conservation of nature is the moral responsibility of all. He was addressing a state-level programme organised here on the occasion of World Environment Day and Ganga Dussehra. Sharma said that the conservation of nature is not just an option but a dire necessity. Environmental conservation and preventing the ill effects of climate change is our moral responsibility and duty. Water conservation in Rajasthan has been an integral part of the state's c ...Read More >
NEW DELHI (AP) - A controversial legislation submitted by Prime Minister Narendra Modi´s government to change India's voting system failed to pass Tuesday in the country's lower house of Parliament. Law minister, Arjun Ram Meghwal, presented the legislation which proposed allowing elections for state assemblies and the national parliament to be held simultaneously. However, it was not approved as the vote fell short of the required two-thirds majority; only 269 lawmakers voted in favor of the proposal while 198 were against it. The government says simultaneous polls will result in higher eco ...Read More >
New Delhi: On World Environment Day, an emotional moment unfolded during commencement of a national green project, when Prime Minister Narendra Modi planted a sapling of Sindoor at his official residence in New Delhi, which was gifted to him by the valiant women of Kutch, Gujarat, who exemplified courage and sacrifice during the 1971 war with Pakistan. The role played by Indian women during the 1971 Indo-Pakistan war is now being used as a symbol to promote the 'Ek Ped Maa Ke Naam 2.0' campaign, under which the government aims to plant 10 crore trees across India between June and September 202 ...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 (AP) -- A controversial legislation submitted by Prime Minister Narendra Modi's government to change India's voting system failed to pass Tuesday in the country's lower house of Parliament. Law minister, Arjun Ram Meghwal, presented the legislation which proposed allowing elections for state assemblies and the national parliament to be held simultaneously. However, it was not approved as the vote fell short of the required two-thirds majority; only 269 lawmakers voted in favor of the proposal while 198 were against it. The government says simultaneous polls will result in higher ec ...Read More >
Mumbai: Prime Minister Narendra Modi is scheduled to visit the naval dockyard for the commissioning ceremony of three naval vessels -- two warships INS Surat and INS Nilgiri, and the submarine INS Vaghsheer -- on Wednesday. The event will take place between 9.30 am and 12.30 pm. According to a defence spokesperson, thies commissioning represents a crucial advancement towards fulfilling the national ambition to emerge as a global force in defence production and maritime security. Later, Modi will be at Kharghar in Navi Mumbai at 3.30 pm. Officials said that as part of his initiative to streng ...Read More >
New Delhi: India has intensified its calls for the immediate discharge and repatriation of all remaining Indian nationals serving in the Russian Army, following the tragic death of one Indian national in Russia. The Ministry of External Affairs (MEA) has once again stressed the urgency of bringing back Indian nationals involved in the ongoing conflict in Ukraine. Indian National from Kerala Dies, Another Injured in Russia In a statement, MEA spokesperson Randhir Jaiswal confirmed that an Indian national from Kerala, who had been recruited to serve in the Russian Army, tragically died, while ...Read More >
AMRITSAR, India (AP) -- A U.S. military plane carrying 104 deported Indian migrants arrived in a northern Indian city on Wednesday, the first such flight to the country as part of a crackdown ordered by the Trump administration, airport officials said. The Indians who returned home had illegally entered the United States over the years and came from various Indian states. The move came ahead of Indian Prime Minister Narendra Modi's visit to Washington, which is expected next week. U.S. President Donald Trump and Modi discussed immigration in a phone call last week and Trump stressed the impo ...Read More >
Srinagar: Railway stations across the Kashmir Valley have been beautifully decked out as preparations peak for Prime Minister Narendra Modi to flag off the inaugural Delhi-Srinagar Vande Bharat Express -- the first-ever train connecting the valley directly to the rest of India. This landmark train will depart from Delhi and travel through Katra, the gateway to the revered Mata Vaishno Devi shrine, before reaching Srinagar. The event marks the successful culmination of one of India's most ambitious infrastructure projects, featuring two engineering marvels: the world's highest railway bridge o ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
New Delhi, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar on Friday welcomed the Foreign Ministers of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in New Delhi for the 4th India-Central Asia Dialogue, as India continues to put a strong foot forward in enhancing anti-terror and de-radicalisation partnerships across the region. "4th India-Central Asia Dialogue begins in Delhi. EAM S Jaishankar warmly welcomed Deputy Prime Minister and Foreign Minister of Kazakhstan Murat Nurtleu, Foreign Minister Sirojiddin Muhriddin of Tajikistan, Deputy Chairman of C ...Read More >
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 >
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 - India is committed to efforts to develop its restive territory of Jammu and Kashmir, Prime Minister Narendra Modi said on June 6, accusing neighbour Pakistan of seeking to destroy livelihoods there with April's deadly attack on tourists. He was speaking on his first visit to the Himalayan region since Islamist attackers targeted Hindu tourists in the popular Pahalgam area, killing 26 men, triggering hostilities between the nuclear-armed neighbours that ended in ceasefire last month. "The atmosphere of development that emerged in Jammu and Kashmir will not be hindered by the attac ...Read More >
Dehradun (Uttarakhand) [India], June 5 (ANI): The Uttarakhand Government has suspended three engineers from the Public Works Department (PWD) over the damage to an under-construction bridge at Tharali in Chamoli district. Secretary of the Public Works Department, Pankaj Kumar Pandey, issued the suspension orders on the instructions of Chief Minister Pushkar Singh Dhami, said an official release. According to the release, under the leadership of Chief Minister Pushkar Singh Dhami, concrete and decisive steps are being taken in the direction of transparent and accountable governance in the stat ...Read More >
Katra: Prime Minister Narendra Modi on Friday flagged off the Katra-Srinagar Vande Bharat Express, inaugurating an alternative all-weather transportation system for Kashmir by connecting the Udhampur-Srinagar-Baramulla rail link with the national railway network. The train will commence commercial operations from Saturday, allowing passengers to travel in the two pairs between Srinagar and Katra except on Wednesdays. The Udhampur-Srinagar-Baramulla rail project in the tough Himalayan terrain has been referred to as a marvel. It is expected to be a game changer in the development of the mount ...Read More >
A summary of world news briefs includes Hezbollah's media chief killed by Israeli airstrike, U.S. policy shift allowing Ukraine to use American weapons against Russia, Xi Jinping's final talks with Joe Biden, and other geopolitical developments including climate finance consensus at the G20 in Brazil. In a significant escalation of regional tensions, Lebanese Hezbollah's media relations head, Mohammad Afif, was killed in an Israeli strike in central Beirut. The attack targets a senior Hezbollah figure, signaling a rare focus on individuals without explicit military roles. The U.S. administra ...Read More >
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. "The search operation ...Read More >
NEW DELHI: To achieve the goal of 2047 and make India a global phenomenon, we need to follow global strategies and parameters, said Union minister Dr Jitendra Singh at the "India Economic Conclave" organised by a media house in New Delhi on Saturday. India's space, marine and Himalayan resources, which remained inadequately explored before PM Narendra Modi took over, will contribute substantially to India's future economic growth. While answering to a question on how India can unleash benefits out of its natural resources in future in terms of creative growth, the minister said that Prime Mi ...Read More >
NEW DELHI (AP) - A controversial legislation submitted by Prime Minister Narendra Modi´s government to change India's voting system failed to pass Tuesday in the country's lower house of Parliament. Law minister, Arjun Ram Meghwal, presented the legislation which proposed allowing elections for state assemblies and the national parliament to be held simultaneously. However, it was not approved as the vote fell short of the required two-thirds majority; only 269 lawmakers voted in favor of the p ...Read More >
New Delhi [India], December 18 (ANI): Chinese Ambassador to India, Xu Feihong on Wednesday said that China is ready to work with India and put into action the understandings between Indian and Chinese leaders. The comments come ahead of the 23rd meeting of the Special Representatives between National Security Advisor Ajit Doval and China Foreign Minister Wang Yi in Beijing. In a post on X, Ambassador Xu Feihong, "China is ready to work with India to implement the important common understandings between the leaders of China and India, respect each other's core interests and major concerns, str ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], June 6 (ANI): Kashmir valley got connected with the rest of India with the inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab by Prime Minister Narendra Modi, during his day-long visit to Jammu and Kashmir on Friday. The architectural marvel Chenab Rail Bridge, situated 359 metres above the river, is the world's highest railway arch bridge. It is a 1,315-metre-long steel arch bridge engineered to withstand seismic and wind conditions. Also Read | Bengaluru Stampede Case: RCB Marketing Head, DNA Event Management Firm Staffers Sent ...Read More >
ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >
Chinese President Xi Jinping has arrived in Rio de Janeiro to attend the G20 Summit and engage in bilateral talks with Brazilian President Luiz Inacio Lula da Silva. Xi aims to strengthen China-Brazil relations, highlighting the importance of collaboration between the two nations in global affairs. Chinese President Xi Jinping landed in Rio de Janeiro, marking his attendance at the 19th G20 Summit, according to Chinese state media reports. The visit also includes a state meeting with Brazilian President Luiz Inacio Lula da Silva. In a statement made on arrival, Xi Jinping expressed his eager ...Read More >
JAMMU: "Today is a historic day in the journey of Viksit Bharat and Viksit Jammu & Kashmir," said Gaurav Gupta, BJP Spokesperson for J&K UT, reacting to the launch of the first-ever train service to the Kashmir Valley by Prime Minister Narendra Modi. He described the moment as monumental, not only in terms of infrastructure but also in the emotional and historical legacy it carries. "This milestone is a living tribute to Maharaja Pratap Singh, the third and longest-serving Dogra ruler of Jammu & Kashmir, who first envisioned a railway link between Jammu and Kashmir in the year 1898," Gupta s ...Read More >
By KUMAIL JAFFER POLITICAL CORRESPONDENT FOR THE DAILY MAIL The Prime Minister's latest jaunt abroad to Brazil is the 15th time he has been out of the country since being elected in July. Sir Keir Starmer's four-day trip to Rio for the G20 - where he said his focus is delivering a 'better future' for Britain - means he will have ventured outside of Britain for more than three weeks in total since summer. This includes time in Ireland, Italy, Berlin, Brussels, Budapest, Washington DC, France, Azerbaijan and a five-day trip to Samoa. He also flew to New York for the UN General Assembly after ...Read More >
Rio de Janeiro [Brazil], November 19 (ANI): Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet.""Glad to have met Prime Minister Giorgia Meloni on the sidelines of the Rio de Janeiro G20 Summit. Our talks centred around deepening ties in defence, security, trade, and technology. We also d ...Read More >