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.
Bengaluru : Cricket's rapid rise and development in the United States received a significant boost today with the official launch of LaGrange Cricket Stadium, a state-of-the-art venue being developed by LaGrange Cricket Holdings in LaGrange near Atlanta, Georgia. Set to open in 2027, the stadium will be a permanent home for cricket in the USA, redefining the sport's presence in the region. Built to meet international cricketing standards, LaGrange Cricket Stadium, spread across 45 acres, will feature 10,000 permanent seats, with the flexibility to expand capacity up to 25,000 for large-scale open-air concerts and entertainment events. Conceived as a multi-sport, community-focused destination, the venue will be capable of hosting national and international matches, positioning LaGrange as a key hub in the global cricket ecosystem. Beyond elite sport, the stadium is designed to serve as an economic anchor and regional destination, promoting tourism, community engagement and year-round programming. The facility will also host local events and cultural initiatives, reinforcing its role as a shared space for the wider community. The launch event, held today at a city hotel in Mumbai, was attended by former India cricketer Mr. Pravin Amre, Chief Strategy Officer of LaGrange Cricket Holdings, alongside Mr. Keval Patel (Founder, President & CEO), Mr. Gary S. Pasricha (General Counsel), Mr. Siddharth Das (Co-Founder, Operations), Mr. Jefferson Miller (Vice President, Cricket) and Mr. Michael Hall, League Operations Director, Caribbean Premier League (CPL). India's deep-rooted association with cricket adds strong relevance to this development. Strengthening this India-USA connection is the involvement of Amre, who brings Indian cricketing expertise and global experience to the development of LaGrange Cricket Stadium. His guidance ensures the venue meets international standards while carrying a distinct Indian touch, reinforcing the stadium's vision of becoming a global home for cricket in the United States. Mr. Keval Patel, Founder, President & CEO, LaGrange Cricket Holdings, said: "LaGrange Cricket Stadium is more than a traditional venue; it is a world-class sports and entertainment experience designed to redefine how cricket is enjoyed in the United States. Beyond hosting matches, it will serve as a vibrant hub for fans and the community, blending sport, culture, and live entertainment. The involvement of Indian cricketing expertise, particularly through Mr. Pravin Amre, brings credibility, experience, and a strong connection to one of the sport's most passionate markets. This project highlights our commitment to creating an international-standard destination that drives the growth of cricket while delivering long-term economic and community value for LaGrange." Mr. Pravin Amre, Project Mentor, Chief Strategy Officer of LaGrange Cricket Holdings, said: "Having played and coached at the highest level, I understand what it takes to build a truly international-standard facility. LaGrange Cricket Stadium is being developed with a strong focus on quality and global standards. From the playing surface to player facilities and the spectator experience, every detail is being carefully planned. This stadium has the potential to transform how cricket is played, watched and developed in the United States." With 2.5 billion fans worldwide, played in 110 member countries, cricket is the second most-watched sport globally and its footprint in the United States continues to expand rapidly through emerging professional leagues and increasing participation. LaGrange Cricket Stadium is positioned to play a central role in this growth, serving as both a premier competition venue and a development hub. In addition to elite-level matches, the stadium will house youth academies and domestic leagues, creating a structured pathway for young talent and supporting the long-term growth of cricket in the US. As cricket continues to find new audiences beyond its traditional markets, LaGrange Cricket Stadium stands as a symbol of cricket's future in America, rooted in global expertise, strengthened by Indian cricketing influence and built to serve generations to come.
While world No 3 India had a disappointing T20 World Cup in October, failing to make it past the group stage, the sixth-ranked West Indies made their way to the semifinal where they lost to runner-up New Zealand. "They're the top four for a reason because they probably are a better team and have better records. But at the same time I feel like every team is really starting to compete now," Matthews said when asked if the gap between top-ranked teams and those in the bottom was big. "When you lo ...Read More >
WPL 2025 Auction: The WPL 2025 auction is scheduled for December 15 in Bengaluru, with 120 players, including 91 Indians and 29 international stars, up for selection. The event will see franchises compete for spots to build their squads, with 19 available positions remaining. Key players like Tejal Hasabnis, Heather Knight, and Deandra Dottin are among the prominent names. Fans can watch the auction live on Sports18 and JioCinema, starting at 3 PM IST.The much-awaited Women's Premier League (WPL) ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Get latest articles and stories on Sports at LatestLY. Pakistan will play its share of matches in next year's inaugural blind women's T20 World Cup in either Nepal or Sri Lanka after a hybrid model for the event was finalised at the World Blind Cricket Council's (WBCC) Annual General Meeting in Multan. New Delhi, Dec 3 (PTI) Pakistan will play its share of matches in next year's inaugural blind women's T20 World Cup in either Nepal or Sri Lanka after a hybrid model for the event was finalised at the World Blind Cricket Council's (WBCC) Annual General Meeting in Multan. The development comes ...Read More >
NEW DELHI : Shreyas Iyer's off-field value is rising in tandem with his on-field success. Punjab Kings' second appearance in the Indian Premier League (IPL) final after an eleven-year wait will likely boost Iyer's brand value by 20-25%, according to talent consultants. With his unbeaten 87-run captain's knock in the qualifier 2 against Mumbai Indians on 1 June, Iyer achieved the rare feat of leading three different IPL teams into the final -- a first in the history of the world's second-richest sports league. Iyer led Kolkata Knight Riders to the title in 2024 and Delhi Capitals to their fir ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): Launched to bring the excitement of street cricket to a professional platform and showcase the country's cricketing talent, the Indian Street Premier League (ISPL) became an instant success during its inaugural season earlier this year. According to a press release, the league's second season is scheduled to be held in Mumbai from January 26 to February 15, 2025. "Indian Street Premier League is a great platform for India's cricket talent, and the inaugural season highlighted the immense potential of this tournament. ISPL not only created oppor ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): A day after the tragic stampede during the IPL victory celebration event of the Royal Challengers Bengaluru (RCB) in Bengaluru that left 11 dead and dozens injured, Karnataka Chief Minister Siddaramaiah on Thursday said that a one-member commission has been formed to probe the incident. CM Siddaramaiah also announced that the state government has decided to suspend top police department officials, including the Commissioner of Bengaluru City Police. Speaking to the media, the Karnataka CM stated, 'Under the chairmanship of Justice Michael D'Cunha, ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
The police also arrested Kiran Kumar (Senior Event Manager) and Sunil Mathew (Vice President - Business Affairs), who were working for DNA Entertainment Network, the event management company in charge of the victory celebrations. Sosale has been RCB's marketing and revenue head for over two years now. The M. Chinnaswamy Stadium in Bengaluru became the epicenter of a tragic event on June 4, 2025, when a stampede during the Royal Challengers Bengaluru (RCB) IPL victory celebrations resulted in the deaths of 11 people. The incident, which was meant to be a joyous occasion marking RCB's first-eve ...Read More >
Bengaluru [India], : For Josh Hazlewood and Bhuvneshwar Kumar who will be returning to the Royal Challengers Bengaluru squad for the second time after being picked in the Indian Premier League 2025 auction, feels, it is more than just a professional opportunity it is a heartfelt homecoming and a very special one. Interestingly, both the players have worn the RCB jersey before but never shouldered the bowling responsibilities at the 'Chinnaswamy' in any of the past seasons of IPL. Both are eager ...Read More >
June 5 (Reuters) - India's new test captain Shubman Gill knows he has big shoes to fill after the retirements of Rohit Sharma and Virat Kohli but he wants to develop his own style of leadership, he said on Thursday. Rohit and Kohli, former skippers and batting mainstays of the team, both quit test cricket weeks before the start of India's five-test series in England. Gill, 25, impressed as captain of Indian Premier League (IPL) side Gujarat Titans, leading them to the playoffs. "The pressure c ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >
Chandigarh, Jan 8 (PTI) Long-jump great Anju Bobby George was on Wednesday named chairperson of the Athletics Federation of India's nine-strong athletes commission that features six women with javelin throw star Neeraj Chopra being its most prominent male member. The other women in the new panel are runner Jyotirmoyee Sikdar, discus thrower Krishna Poonia, hurdler MD Valsamma, steeplechaser Sudha Singh and runner Sunita Rani. George, a 2003 world championships bronze-winner, is also a senior vice president in the AFI. Also Read | FC Goa vs Hyderabad FC, ISL 2024-25 Live Streaming Online on J ...Read More >
NEW DELHI (Reuters) -This year's Asia Cup hangs in the balance following the recent clashes between tournament hosts India and arch-rivals Pakistan. Already-soured relations between the nuclear-armed neighbours further worsened after four days of intense fighting before a ceasefire was announced last month. India are scheduled to host the Asia Cup, a flagship event of the Asian Cricket Council (ACC), in September but uncertainty lingers over the T20 tournament. "To be honest, we have had no discussions within the board about the Asia Cup," a top official of the Indian cricket board (BCCI) t ...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 >
Bengaluru (Karnataka) [India] June 6 (ANI): Following the death of 11 people in a stampede on Wednesday near the Chinnaswamy Stadium in Bengaluru, Royal Challengers Bengaluru (RCB), DNA (event management company) officials have been taken into custody and are being taken for medical tests, on Friday. On June 4, the incident happened at Bengaluru's M Chinnaswamy stadium as a huge crowd of nearly three lakh people had gathered to witness the victory celebration of Royal Challengers Bengaluru, which won the Indian Premier League (IPL). https://x.com/ANI/status/1930900689351303502 Karnataka Pol ...Read More >
Palo Alto Networks, released its 2025 cybersecurity predictions for the Asia Pacific region, outlining five key trends that cyber practitioners can expect to unfold in the coming twelve months and position their organisations for a more secure future. Organisations across the APAC region have emphasised embedding AI into business processes in 2024. This includes cybersecurity processes, where organisations and their adversaries are engaged in an AI arms race. But alarmingly, according to a recent PwC report, more than 40% of leaders say they do not understand the cyber risks posed by emerging ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels. The portfolio ...Read More >
Mumbai (Maharashtra) [India], December 3 (ANI): India cricket icon Sachin Tendulkar met his childhood friend Vinod Kambli and unveiled a memorial of renowned cricket coach Ramakant Vitthal Achrekar at the Chhatrapati Shivaji Maharaj Park on Tuesday. Maharashtra Navnirman Sena (MNS) chief Raj Thackeray, former cricketer and Sachin's childhood friend Vinod Kambli, former India batting coach Sanjay Bangar, former bowling coach Paras Mhambrey, Pravin Amre, 1983 World Cup-winning player Balwinder Singh Sandhu and others were also present during the unveiling ceremony of the memorial of the legenda ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Legendary cricketer Sachin Tendulkar announced on Wednesday that his daughter Sara Tendulkar has joined the Sachin Tendulkar Foundation (STF) as director. In a post on X, Sachin Tendulkar said he was "overjoyed" to share the news. Also Read | Newcastle United vs Liverpool Premier League 2024-25 Free Live Streaming Online: How To Watch EPL Match Live Telecast on TV & Football Score Updates in IST?. Sachin said that Sara embarked on this journey to empower the nation through sports, healthcare, and education. "I'm overjoyed to share that my dau ...Read More >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >
T20 Mumbai League 2025 Points Table: Sairaj Patil's all-round performance powered Eagle Thane Strikers to their second win of the competition and they moved to the second position in the T20 Mumbai League 2025 points table. The leader's position was hold by SoBo Mumbai Falcons led by Angkrish Raghuvanshi. They have dominantly won two games out of two and are currently at the top of the T20 Mumbai League 2025 points table. North Mumbai Panthers led by Prithvi Shaw remained at the bottom of the points table with two losses in two games. Meanwhile you can check the T20 Mumbai League 2025 points t ...Read More >
Bengaluru (India) (AFP) - Indian police have arrested two people including a senior executive at Royal Challengers Bengaluru, reports said Friday, after 11 fans were crushed to death during celebrations for the team's maiden IPL title. Hundreds of thousands packed the streets in the southern city of Bengaluru on Wednesday to welcome home their hero Virat Kohli and his RCB team after they beat Punjab Kings in the final of the Indian Premier League. But the euphoria of the vast crowds ended in disaster when 11 mainly young fans died in a stampede near M. Chinnaswamy Stadium, where the players ...Read More >
New Delhi: Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the Kempegowda International Airport. The police also arrested Kiran Kumar (Senior Event Manager) and Sunil Mathew (Vice President - Business Affairs), who were working for DNA E ...Read More >
Wind Creek Hospitality, under the ownership of the Poarch Band of Creek Indians, has agreed to purchase the Birmingham Racecourse from the McGregor family, known for their stakes in both the Birmingham and Victoryland Casinos. The acquisition, set to conclude by early 2025, marks a significant expansion for Wind Creek in the Southeast. "For over 30 years, we have worked to provide the best possible experience for our customers and employees, while generating significant tax revenue for the state of Alabama and local charities," said Lewis Benefield, President of the Birmingham Racecourse and ...Read More >
Mumbai (Maharashtra) [India], December 3 (ANI): India cricket icon Sachin Tendulkar met his childhood friend Vinod Kambli and unveiled a memorial of renowned cricket coach Ramakant Vitthal Achrekar at the Chhatrapati Shivaji Maharaj Park on Tuesday. Maharashtra Navnirman Sena (MNS) chief Raj Thackeray, former cricketer and Sachin's childhood friend Vinod Kambli, former India batting coach Sanjay Bangar, former bowling coach Paras Mhambrey, Pravin Amre, 1983 World Cup-winning player Balwinder Singh Sandhu and others were also present during the unveiling ceremony of the memorial of the legenda ...Read More >
Cloud-based testing platform LambdaTest has secured $38 million in a funding round led by Avataar Ventures, with Qualcomm Ventures also participating. The fresh funding comes after a gap of more than 30 months for the Noida and San Francisco-based startup. This latest round brings the company's total funding to $108 million, including a $45 million round in March 2022. Its early backers include Premji Invest, Peak XV, Telstra Ventures, Blume Ventures, and Leo Capital. LambdaTest was part of the ...Read More >
The Indian Street Premier League (ISPL), designed to bring the energy of street cricket to a professional platform and highlight India's cricketing talent, gained instant popularity during its inaugural season earlier this year The Indian Street Premier League (ISPL), designed to bring the energy of street cricket to a professional platform and highlight India's cricketing talent, gained instant popularity during its inaugural season earlier this year. The league's second season will take place in Mumbai from January 26 to February 15, 2025. Sachin Tendulkar, Core Committee Member of ISPL, p ...Read More >