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.
Mumbai, Dec 15 (SocialNews.XYZ) Investors from more than 145 cities in India are now investing globally -- with 47 per cent coming from tier 2 and 3 cities, a report showed on Monday. The report by Vested Finance revealed that Indian investors are increasingly broadening their exposure beyond single-stock investments to include US equities, Index and thematic exchange-traded funds (ETFs), private market opportunities, and global funds, including GIFT City-domiciled funds. This reflects a more structured approach to portfolio construction and a growing comfort with global market participation, it added. "Global investing for Indians has moved from curiosity to conviction. What we are seeing in the data is not just higher participation, but greater intent -- investors are thinking in terms of asset allocation, diversification, and long-term global exposure rather than one-off bets," said Viram Shah, Founder and CEO, Vested Finance. The report also highlighted a growing trend among global Indians who are using international investing platforms not only to access overseas markets, but also to invest back into India -- creating a two-way global capital perspective. According to the findings, 48 per cent of global investors are under 35 and 38 per cent start with less than $500. While 68 per cent prefer investment in stocks, 24 per cent opt for ETFs, 7 per cent for cash and 1 per cent in global funds. Investors hold about eight stocks on average and Nvidia, Tesla, Apple, Meta Platforms, Alphabet and Microsoft are among top stocks. According to the report, broadening access to research, digital tools, and education has played a critical role in shaping this shift, especially in cities beyond metros. Around 38 per cent of investors increase allocation of global markets in their portfolio within the first year and 61 per cent invest in both stocks and ETFs, said the report which maps key shifts in investor behaviour, diversification patterns, and product adoption among Indians investing internationally.
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New Delhi: The ongoing clash between Elon Musk and Donald Trump has taken a dark and explosive turn. On June 6, the Tesla CEO sent shockwaves across social media by accusing the US president of hiding crucial Jeffrey Epstein files because Trump's name allegedly appears in them. In a post on X (formerly Twitter) that is already stirring up huge debate, Musk wrote, "Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!" He further added, "Mark this post for the future. The truth will come out." ...Read More >
MUMBAI: Borrowing costs at India's two most rate-sensitive sectors - property and automobiles - are set to head South soon after the central bank Friday made its steepest rate cut since March 2020 and promised ample liquidity in the shape of the lowest cash reserve ratio (CRR) on record. The Nifty Realty index surged nearly 5%, even dwarfing gains for financial stocks, reflecting the likely impact of the big-bang policy moves on home purchases. Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the ...Read More >
New Delhi [India], July 2 (ANI): Foreign Secretary Vikram Misri visited the Republic of Mauritius on Tuesday where he called on Mauritus Prime Minister Navinchandra Ramgoolam and reaffirmed the continued commitment to deepen the multi-dimensional bilateral partnership. The visit followed the telephone conversation between Prime Minister Narendra Modi and the Prime Minister of Mauritius, Navinchandra Ramgoolam, on June 24, during which the two leaders discussed the ongoing cooperation across a broad range of areas and reaffirmed their shared commitment to further strengthen the Enhanced Strate ...Read More >
Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI's cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank is limiting the gains for the rupee, they said. At the interbank foreign exchange, the domestic uni ...Read More >
New Delhi: Indian-origin Vaibhav Taneja, Tesla's Chief Financial Officer, has emerged as a key figure in Elon Musk's newly announced political venture, the America Party (AMEP). Tesla owner Elon Musk on Sunday announced a new political party called the 'America Party'. In the official filing of this party, Musk named Vaibhav Taneja as the Custodian of Records and Treasurer. According to a report by The Wall Street Journal, Vaibhav Taneja, Tesla's Chief Financial Officer (CFO), has earned a staggering USD 139 million in total compensation in 2024 -- making it the highest in the world for any CF ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
New Delhi [India], January 13 (ANI): Union Minister Ashwini Vaishnaw criticised Meta CEO Mark Zuckerberg and called him "factually incorrect" over his remark that most incumbent governments, including India in 2024 elections, lost post-COVID. He added that the people of India have reaffirmed their trust in the NDA led by Prime Minister Narendra Modi. "As the world's largest democracy, India conducted the 2024 elections with over 640 million voters. People of India reaffirmed their trust in the ND led by PM @narendramodi Ji's leadership. Mr. Zuckerberg's claim that most incumbent governments, ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an ...Read More >
Trial conducted over a 118 km Boston metro route with 10 network hops and nine ROADMs. US wireless carrier Verizon has successfully tested the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network. Utilising Ciena's WaveLogic 6 Extreme (WL6e) coherent optical solution, the trial, conducted in Boston, demonstrated data travelling farther and faster across Verizon's fiber network. This upgrade enhances the network's ability to handle the workloads generated by artificial intelligence (AI) applications, particularly Generative AI, according ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...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 >
Bengaluru (Karnataka) [India], July 1: NBR Group, one of South India's most trusted and progressive real estate developers, has announced the launch of its new premium residential offering-- 'Soul of the Seasons', exclusive 3 BHK apartments at Mullur, off Sarjapur Road, Bengaluru. The project has received approval from RERA (Real Estate Regulatory Authority). Conceptualized around the idea of 'Resort Living, Every Day', the project blends modern urban lifestyles with the rare luxury of open, green spaces--bringing together elegance, community, and conscious living in one of Bengaluru's fastest ...Read More >
New Delhi, July 4: Amazon is reportedly making changes to how it evaluates its employees, as CEO Andy Jassy said to be focusing more on discipline and performance. The company is now linking its leadership principles with performance reviews. The shift is reportedly part of CEO Jassy's effort to strengthen the company's work culture. It is said to be the first time Amazon has integrated these values into employee evaluations. The updated system will use a three-tiered method to assess how well employees follow Amazon's leadership principles. Amazon managers are said to assess employees based ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
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New Delhi: In his latest rant against the administration and the 'Big Beautiful Bill', Tesla CEO Elon Musk on June 5 claimed that US President Donald Trump would have lost the 2024 election without his support. The billionaire further accused Trump of "ingratitude". "Without me, Trump would have lost the election, the Democrats would control the House, and the Republicans would be 51-49 in the Senate," he posted on X. This comes after President Trump said that he is disappointed with the former DOGE chief, who recently stepped down as his senior adviser. Now, Musk is going after the administ ...Read More >
MUMBAI: The sensex rallied 747 points (0.9%) on Friday to close at 82,189 points after RBI cut interest rate by 50 basis points (100bps = 1 percentage point), a move that market players feel has the potential to spur economic growth with loans becoming cheaper. Banking and financial stocks led the day's rally that added about Rs 3.6 lakh crore to investors' wealth with BSE's market capitalisation now at slightly over Rs 451 lakh crore.Nifty closed 249 points (1%) higher at 25,003 points. Most market players said that although a cut in interest rate by RBI was almost a given, the quantum of the ...Read More >
New Delhi, July 2: Starlink, the satellite internet service owned by Elon Musk, officially launched its services in Sri Lanka on Wednesday. With this launch, Sri Lanka has become the third country in South Asia -- and another of India's neighbours -- after Bhutan and Bangladesh to get access to Starlink's internet services. The announcement was made by Starlink on social media platform X, where the company said: "Starlink's high-speed, low-latency internet is now available in Sri Lanka!" Starlink is getting closer to launching its services in India. Last month, the company received a key lice ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10 grams in the previous market session. "Gold prices continue to cor ...Read More >
New Delhi, Jun 29 (PTI) Indian IT majors are aggressively repositioning themselves as AI-native firms, focusing on high-margin applications and integration over high-risk, capital-intensive foundational research. A deep dive into the FY25 annual reports from the industry behemoths --- TCS, Infosys, Wipro, and Tech Mahindra -- indicates that in the global AI race, India's tech titans are not competing to invent foundational AI, they are positioning themselves to become premier integrators of it. The shift from general digital transformation to a specific AI focus is captured in the very title ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
New Delhi: US President Donald Trump on Tuesday suggested that Tesla CEO Elon Musk could face deportation as their increasingly personal feud intensified over Trump's sweeping tax-cut and spending reduction plan, dubbed the "Big Beautiful Bill." Asked by reporters whether he would consider removing Musk from the country, Trump replied, "I don't know, we'll have to take a look," according to Newsweek. The president went further, threatening not only to strip subsidies but to unleash DOGE, the Department of Government Efficiency on the billionaire entrepreneur. "DOGE is the monster that might ...Read More >
New York/Hyderabad, July 6 (Maxim News): In a bold political move, Tesla and SpaceX CEO Elon Musk has announced the formation of a new political party in the United States, named the "America Party." The tech billionaire unveiled the initiative on Saturday through a post on X (formerly Twitter), positioning it as a direct challenge to the traditional two-party dominance in American politics Here To Join Us On WhatsApp "America is being bankrupted by bipartisan waste and corruption. This is not democracy -- it's a one-party system in disguise," Musk stated. "The America Party is formed to giv ...Read More >
Mumbai: Indian stock markets on Wednesday opened near the flatline on a cautious note, tracking the subdued sentiment in Asian markets. At the opening of the trade, Nifty at National Stock Exchange (NSE) started at 24,204.80, up 10.30 points and Sensex at 80,121.03, up by about 122 points. In the opening trade, the stocks of Coal India, Adani Enterprises, Mahindra and Mahindra, Adani Ports, and Kotak Banks were the top gainers. On the other hand, IndusInd Bank, Cipla, Tata Consumer Products, Bharti Airtel, and UltraTech Cement were the major losers on the NSE. Among the sectoral indices, Aut ...Read More >
Elon Musk has announced plans to revolutionize the gaming industry by launching an AI-driven game studio under xAI. In a series of posts on X, Musk, a passionate gamer, criticized the current state of game development, highlighting the influence of large corporations and ideological biases. He pledged to "make games great again" through innovative applications of artificial intelligence. While many gamers have welcomed this move, excited by the idea of independent game development, critics question Musk's lack of experience in managing a game studio. The announcement has sparked widespread deb ...Read More >
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts. The Nifty 50 index surged 165 points or 0.67 per cent to 24,628.80 points at the time of filing this report, while the BSE Sensex gained 600 points or 0.74 per cent to 81,560.61 points. Also Read | 'Animal' Actress Triptii Dimri is IMDb's Most Popular Indian Star of 2024, Beats Deepika Padukone, Shah Rukh Khan and Others - Check Out the Top 10!. Experts noted that the ...Read More >
NEW DELHI: Coursera, Inc., one of the world's largest online learning platforms, unveiled its annual learner trends for India, based on insights from over 27 million registered learners. This year, India surpassed Europe in the total number of learners on Coursera, highlighting the ambition and commitment of Indian learners to upskill and stay competitive in a rapidly evolving global workforce. Two key trends emerged in 2024: an unprecedented demand for GenAI learning and a growing preference for role-specific content to prepare for specific jobs. According to Microsoft's Work Trend Index 202 ...Read More >
Prayagraj (Uttar Pradesh) [India], January 8 (ANI): In preparation for the grand Maha Kumbh Mela 2025, a mock drill was conducted in the Akhada area to enhance emergency preparedness and ensure the safety of participants and attendees. The drill carried out under the guidance of Police Additional Director General (ADG) Vaibhav Krishna, IPS was aimed to address potential emergency situations that may arise during the event. Also Read | Microsoft Partners With Government's 'India AI Mission' to Skill 5 Lakh People by 2026. The exercise was designed to simulate various emergency scenarios, foc ...Read More >
New Delhi, Jan 31 (PTI) Apple is very keen on India where it has seen record business during the December quarter with iPhone emerging as the top-selling smartphone model, a top company official said on Friday. During the company's earnings call, Apple CEO Tim Cook said India offers a huge growth opportunity for the company. "We have had great results in the emerging market. I am particularly keen on India. India has set a December quarter record. iPhone was top selling in India for the quarter. It is the second-largest smartphone market in the world and third largest for PCs and tablets. So ...Read More >
New Delhi: In a move that has sent shockwaves through the American political landscape, Elon Musk, the billionaire CEO of Tesla and SpaceX, has ignited a heated national debate by floating the idea of creating a new political party aimed at representing what he calls "the 80% in the middle." The proposal, made via a poll on X on Thursday, comes on the heels of a highly publicised feud with President Donald Trump, marking a dramatic escalation in tensions between the two former allies. Musk's post on X posed a simple yet provocative question: "Is it time to create a new political party in Ame ...Read More >