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 [India], December 16 (ANI): Fast-moving consumer goods (FMCG) companies in India are witnessing signs of demand recovery, supported by recent GST-linked price cuts and higher promotional activity, according to a report by ICICI Bank. The report said that based on-the-ground checks and its own assessment, select FMCG categories are seeing an improvement in demand after companies reduced prices following GST cuts. These price reductions have encouraged consumers to buy more, especially in non-essential or discretionary categories. Also Read | Watching Porn Can Land You in Legal Trouble? Scammers Impersonate CBI, Send Fake Emails Accusing Recipients of Serious Crimes; Check Modus Operandi of New Scam. It stated "FMCG are witnessing demand recovery aided by the recent GST-linked price cuts. Interestingly, price reductions have led to high elasticity (>1) in discretionary categories such as beauty, lotions and shampoos, while staples remain stable with soaps showing early recovery". The report noted that price elasticity is currently greater than 1 in some discretionary FMCG segments. This means that when prices are reduced, demand increases by more than the price cut. In simple terms, a small reduction in price is leading to a much bigger jump in sales volume in these categories. Also Read | Earthquake in Japan: Quake of Magnitude 5.2 on Richter Scale Strikes Aomori Prefecture; No Tsunami Advisory Issued. The report highlighted that beauty products, body lotions and shampoos have shown the strongest response to price cuts. Consumers are more willing to increase usage or shift to better products when prices come down in these categories. As a result, demand in these segments has picked up faster compared to others. In contrast, staple categories such as soaps, hair oils and some food items have remained more stable. These products are used regularly, so demand does not change sharply with price cuts. However, soaps are showing early signs of recovery, indicating a gradual improvement even in staple segments. The report also pointed out that price elasticity is higher in larger pack sizes. Larger packs have seen a sharper rise in demand due to deeper price corrections, especially on e-commerce and quick commerce platforms. FMCG companies are also increasing the grammage, or quantity, in price-pointed packs. This strategy is helping boost volumes in mass categories like soaps, shampoos, hair oils and biscuits, as consumers feel they are getting more value for the same price. To drive both consumption and market share, companies are using a mix of price cuts and higher trade promotions, particularly on larger packs. This approach is helping them attract customers and encourage bulk buying. However, the report cautioned that sustaining this demand momentum will be important for future growth. The report said that heavy discounting and lower effective prices may have led to pantry loading for 4 to 6 months in some categories. This means consumers may have stocked up on products in advance, which boosts sales in the short term but could reduce demand in later quarters. (ANI) (The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The Indian stock markets continue to be in a consolidation phase as both indices opened flat on Wednesday. The Nifty 50 index opened at 24,620.50 points with a surge of 10.45 points or 0.04 per cent, while the BSE Sensex opened at 81,568.39 with a gain of 58.34 points or 0.07 per cent. Also Read | 'Suriya 45': Is Trisha Krishnan the Female Lead in Suriya Sivakumar's Upcoming Film With RJ Balaji? Check Out the Viral Photos. Experts noted that the US Consumer Price Inflation data will be the major event for markets globally. However, the consol ...Read More >
New Delhi, Dec 12 (PTI) The Rs 8,000 crore initial share sale of supermarket chain Vishal Mega Mart got fully subscribed on the second day of bidding on Thursday, ending with 1.53 times subscription. The three-day initial public offer (IPO) got bids for 1,15,74,96,150 shares against 75,67,56,757 shares on offer, according to data available with the NSE. The portion for non-institutional investors attracted 3.80 times subscription while the share of Retail Individual Investors (RIIs) got subscribed 1.16 times. The category for Qualified Institutional Buyers (QIBs) received 48 per cent subscri ...Read More >
Port Blair: Namita Roy was just 26 years old when she gave birth to her son, 'Tsunami', in a snake-infested jungle where she and her family took shelter after deadly waves triggered by a massive earthquake devoured her home in Hut Bay Island in Andaman and Nicobar on this day in 2004. Twenty years later, she remembers the day with a shudder. "I don't want to recall that dark day. I was pregnant and busy with daily chores. Suddenly, I noticed an eerie silence and was shocked to witness the sea receding miles from our shore. We also noticed zugunruhe in birds," she told PTI. "Seconds later, th ...Read More >
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 medi ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
New Delhi [India], June 5 (ANI): The Rouse Avenue court on Thursday, after getting clarification from the public prosecutor, renotified the Najeeb Ahmed disappearance case for order on a closer report and protest petition. JNU student Najeeb Ahmed has been missing since October 2016. Additional Chief Judicial Magistrate (ACJM) Jyoti Maheshwari renotified the matter for order on June 30. The court said that the public prosecutor addressed the clarification on the proctorial inquiry conducted in the incident that occured on October 14, 2016 and the statement of doctors, renotified for orders ...Read More >
Hyderabad, December 4: After an earthquake of 5.3 magnitude hit the Mulugu district of Telangana on Wednesday morning, Dr Prakash Kumar, Director of CSIR-NGRI said that the state capital is generally considered as a stable and low-risk area for seismic activity, making an earthquake of this magnitude rare for the region. The official said that since Hyderabad is not in a major seismic zone, such an event may not pose immediate cause for alarm, but it is still valuable to monitor the scientific background behind it. Earthquake in Telangana: Quake of Magnitude 5.3 on Richter Scale Hits Mulugu, ...Read More >
New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India. The complaint alleged that unknown ...Read More >
Mumbai, Dec 10 (VOICE) The Indian stock market closed on a muted note on Tuesday after range-bound trading during the session. At closing, Sensex was up 1.59 points at 81,510.05, and Nifty was down 8.95 points at 24,610.05. Meanwhile, the broader market closed on a positive note. On the Bombay Stock Exchange (BSE), 2,025 stocks closed in the green, 1,938 stocks settled in the red, and 130 without change. During the session, midcap and smallcap stocks outperformed largecap. Nifty midcap 100 index was up 136.65 points, or 0.23 per cent, at 59,135, and Nifty smallcap 100 index was up 54.60 poin ...Read More >
BusinessWire India Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended that two-wheeler owners get one, and we have covered the reasons for this in this guide. How are Comp ...Read More >
New Delhi [India], December 12: The results for CLAT 2025, announced on December 7, 2024, have once again proven why Law Prep Tutorial is India's most trusted name in CLAT coaching. With an incredible 1310 National Law University (NLU) selections, including 38 students within AIR 100 and 5 in the Top 10 ranks, the institute has set a new benchmark in CLAT preparation. Also Read | What Is Mahila Samman Yojana, Announced by Arvind Kejriwal? Know Everything Including Eligibility, Benefits and How to Apply. These results highlight Law Prep Tutorial's unmatched commitment to excellence and its co ...Read More >
New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and crude sunflower oil to 10%, eight months after raising it from nil to 20%. The move had prompted pack ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adani undermines his claims of zero tolerance towards corruption. "Ask your 56-inch ...Read More >
Pakyong (Sikkim) [India], June 6 (ANI): As part of the ongoing evacuation efforts in response to the recent disaster in North Sikkim, the first helicopter sortie of the day took off early this morning from Pakyong Greenfield Airport towards Chaten to rescue stranded tourists, according to an official statement. The Mi-17 helicopters are carrying essential supplies for Army personnel stationed in and around the Chaten area. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 06, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The opera ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Propose to the Actress (See Pics). The electricity derivatives contracts to be introduced by MCX will ...Read More >
New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >
The books for class 9-12 will be available from 2026-27. New Delhi: The National Council of Educational Research and Training (NCERT) has reduced the prices of books for classes 9 to 12 by 20 per cent. The decision was announced by NCERT Director Dinesh Prasad Saklani during an event held in the national capital on Monday. The reduction in the prices of books will be effective from the upcoming academic year. News agency PTI quoted the minister as saying that while the textbooks for classes 9- ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their raw material costs but also lower PFAD prices (Palm Fatty Acid Distillate), a byproduct used by soap ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
New Delhi [India], June 7 (ANI): The Central Consumer Protection Authority (CCPA) has issued advisory to all e-commerce platforms to take necessary steps to ensure that their platforms do not engage in deceptive and unfair trade practice which are in the nature of Dark Patterns. In a release on Saturday, the Ministry of Consumer Affairs, Food & Public Distribution said that all e-commerce platforms have been advised to conduct self-audits to identify dark patterns within 3 months of the issue of the advisory and take necessary steps to ensure that their platforms are free from such dark patte ...Read More >
Morama oil is derived from the seeds of the morama bean, and it holds a special place in African communities for its skin and hair beautifying properties. Bursting with antioxidants and essential fatty acids, it delivers intense hydration and promotes a healthy skin glow. Its unique composition combats dryness, increases elasticity, and imparts a youthful radiance, establishing it as a highly coveted natural ingredient for beauty care. Morama oil has a high nutritional content, containing significant amounts of oleic acid (up to 80%), linoleic acid (up to 20%), and vitamin E. These elements a ...Read More >
Hyderabad, Dec 4 (VOICE) The earthquake that hit Telangana on Wednesday morning was the second earthquake of over 5 magnitude on the Richter Scale in the region in the last 55 years.According to the National Center for Seismology, an earthquake of 5.3 magnitude was felt at 7.27 a.m. on Wednesday with Medaram in Mulugu district of Telangana as the epicentre. The region experienced an earthquake with a magnitude of 5.7 on April 13, 1969, with Bhadrachalam as the epicentre. According to scientists, both earthquakes were linked to the Godavari rift valley, which is a fault zone. The tremors on ...Read More >
New Delhi [India], January 22 (ANI): The Supreme Court on Wednesday issued notice to the Madhya Pradesh government on a plea seeking a CBI/SIT investigation into the murder of a 20-year-old Dalit woman along with her two family members in Madhya Pradesh's Sagar. A bench of Justices JK Maheshwari and Aravind Kumar sought a response from the Madhya Pradesh government and CBI on the plea also seeking immediate and effective police protection for the members of the family of the deceased. Also Read | Suicide Pact Tragedy: Pregnant Teenage Girl Jumps off 3rd Floor of Building in Surat, Lover Who ...Read More >
New Delhi [India], June 5 (ANI): The Rouse Avenue court on Thursday, after getting clarification from the public prosecutor, renotified the Najeeb Ahmed disappearance case for order on a closer report and protest petition. JNU student Najeeb Ahmed has been missing since October 2016. Additional Chief Judicial Magistrate (ACJM) Jyoti Maheshwari renotified the matter for order on June 30. The court said that the public prosecutor addressed the clarification on the proctorial inquiry conducted in the incident that occured on October 14, 2016 and the statement of doctors, renotified for orders ...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 >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
New Delhi, Dec 12 (IANS) India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday.The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), recorded a growth of 4.1 per cent in October. The sector plays a key role in providing quality jobs to the young graduates passing out from the country's engineering institutes and universities. Within the m ...Read More >