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.
Pfizer issued its 2026 guidance, expecting its adjusted earnings per share to come in below this year's figures, and revised its 2025 revenue outlook. The company reiterated its 2025 adjusted earnings guidance of $3 to $3.15 a share. It guided for 2025 revenue of $62 billion, compared with its previous forecast of $61 billion to $64 billion. Analysts see adjusted earnings of $3.13 a share and revenue of $62.5 billion, according to FactSet. Pfizer expects 2026 revenue of $59.5 billion to $62.5 b
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. For all the latest headlines, follow our Google News channel online or via the ap ...Read More >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
Bengaluru - Global companies have flagged more than US$35 billion (S$45 billion) in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies. Mr Trump's trade war has hiked US tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties, but overall, the fog that paralysed many businesses is clearing, allowing executives to forecast costs and make plans - including some price hikes. Companies expected a combined financial hit of US$2 ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
NEW DELHI, April 7 (Reuters) - India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. At the same time India, the world's third-largest oil importer, also faces the risk of rising inflation and slower growth. The government is planning sovereign guarantees for four years to banks that lend to business ...Read More >
Ferozepur (Punjab) [India], July 3 (ANI): In a startling case of land fraud reported from Punjab's Ferozepur by a whistleblower, a woman and her son allegedly sold off a World War II-era airstrip used by the Indian Air Force in 1997. The case pertains to the fraudulent sale of the land of the historic Advance Landing Ground (ALG) of the IAF in Fattu Wala village here. The airstrip, used during the 1962, 1965, and 1971 wars, was allegedly sold by Usha Ansal and her son Naveen Chand Ansal of Dumani Wala village, currently residing in the national capital Delhi. Also Read | Amarnath Yatra 2025: ...Read More >
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed cues from global markets. Asian markets traded mostly higher, while the US markets ended mixed, with the Nasdaq posting a record high close. This week, investors will focus on key stock market triggers, including the developments over India-US trade deal, US Federal Reserve policy, India-EU trade deal, flow of foreign funds, and other key domestic and macroeconomic data. On Friday, the Indian stock market ended higher, with the benchmark Nifty 50 closing above ...Read More >
China Eastern Airlines will resume flights from Shanghai to Delhi starting November 9, marking the restart of commercial air travel between China and India after a five-year hiatus. This development follows positive shifts in diplomatic relations. IndiGo is also launching daily non-stop flights between Kolkata and Guangzhou.China Eastern Airlines is resuming flight operations from Shanghai to Delhi from November 9 onwards, following changes in the diplomatic relations between the neighbouring nat ...Read More >
Nestle is facing mounting pressure from shareholders as investors call for Chairman Paul Bulcke to step down, following the departure of a second chief executive in just over a year. According to the Financial Times, concerns over corporate governance and decision-making have intensified after the abrupt dismissal of former CEO Laurent Freixe in early September. Freixe, who led Nestle's operations before his dismissal, was removed for failing to disclose a romantic relationship with a subordinat ...Read More >
VMPL New Delhi [India], July 15: In a defining moment for Indian luxury jewellery, Zoya- India leading luxury jewellery atelier from the Tata Group--unveils a limited-edition capsule in collaboration with globally acclaimed British designer and curator Alice Cicolini, marking the first international creative partnership for an Indian luxury jewellery atelier. Born out of deep mutual admiration of Indian craft, the capsule pays homage to enamel--one of India most poetic art forms in luxury. Inspired by the architecture of Lhasa, where every layer tells a story, this collection draws from a la ...Read More >
HANSALPUR, India (Reuters) -- Japan's Suzuki Motor will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production began on the automaker's first electric vehicle. Suzuki is aiming to defend its lead in the world's third-largest car market, which is also its biggest market by sales and revenue through its majority stake in Maruti Suzuki India will be the global production hub for Suzuki Motor's electric cars, with plans to export vehicles to 100 countries, including back to Japan and markets in Europe, despite a slowdown in sa ...Read More >
AstraZeneca, Pfizer, and Eli Lilly, major players in the pharmaceutical and vaccine sectors, are drawing renewed attention as investors consider the shifting political landscape. AstraZeneca's cancer treatments, including Imfinzi and Calquence, are driving strong revenue growth, while the company plans to launch up to 24 new products by 2030. Eli Lilly, bolstered by its diabetes treatments like Mounjaro and Zepbound, has seen impressive stock gains, despite recent guidance cuts. Pfizer, although facing volatility, is a solid value investment with strong long-term potential. These companies' ro ...Read More >
New Delhi, July 17: Social media major Meta on Thursday apologised for inaccurate Kannada translation and claimed to have fixed the issue, after Karnataka Chief Minister Siddaramaiah raised concerns over faulty auto-translation of Kannada content on its platforms. Raising concerns over the faulty auto-translation of Kannada content on Meta platforms such as Facebook and Instagram, Siddaramaiah said that it was leading to the distortion of facts and misleading users. "We fixed an issue that briefly caused this inaccurate Kannada translation. We apologize that this happened," a Meta spokesperso ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as the tax reductions on essential items of daily use will bring a noticeable drop in prices. He furthe ...Read More >
MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers can now avail loans up to Rs 2.5 lakh with an LTV of 85%, up from 75%. For loans above Rs 2.5 lakh and up to Rs 5 lakh, the LTV is capped at 80%, while loans exceeding Rs 5 lakh will continue to have a 75% ceiling. For bullet repayment loans, le ...Read More >
June 13 (Reuters) - The UK's blue chip index held just below its all-time high hit last week as investors assessed the trajectory of U.S. tariffs as well as domestic interest rates, while AstraZeneca gained on successful drug trial results. The blue-chip FTSE 100 (.FTSE), opens new tab was up 0.4% as of 1105 GMT, while the domestically oriented FTSE 250 index (.FTMC), opens new tab added 0.3%. AstraZeneca (AZN.L), opens new tab added 1.4% after the pharmaceutical giant said its experimental dru ...Read More >
NEW YORK, Aug 5 (Reuters) - U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands (YUM.N), opens new tab and other companies cited trade duties in their results or outlooks. In addition, U.S. President Donald Trump said the U.S. could impose a "small tariff" on pharmaceutical imports before increasing the rate subsequently. He also signaled an announcement on tariffs on semiconductors and chips in the "next week or so." Shares of KFC parent Yum Brands (Y ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It stated Credit to Deposit Ratio Remains Below 80 per cent as Credit Offtake Lags. The report data pointed ...Read More >
Mumbai, Sep 13 (SocialNews.XYZ) Shares of US pharma giants fell over 3 per cent following reports indicating that the US health administration officials intend to associate coronavirus vaccines with the deaths of 25 children. Pfizer's stock declined by over 3 per cent, Moderna's fell by more than 7 per cent, and Novavax decreased by more than 4 per cent overnight. The selloff occurred after reports indicated that the claim will be presented next week to the US Centers for Disease Control and Prevention's (CDC) vaccine advisory panel, which determines US immunisation policy. The American hea ...Read More >
BENGALURU: Boeing is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Reuters could not immediately confirm the report. Rolls-Royce declined to comment, while Boeing did not respond to a Reuters' request for comment. The 737 MAX entered service in 2017 but was grounded globally in 2019 after two fatal crashes killed 346 people. The incidents slashed Boeing's profits and triggered lawsuits, investigations, and a criminal probe by the US Department o ...Read More >
March 31 (Reuters) - More than 3 million Indian officials are to spend a year counting every single person in the world's most populous nation, a mammoth task delayed in part by the COVID-19 pandemic. The once-in-a-decade population survey, originally due in 2021, will start on April 1 with a short window for citizens who wish to register themselves online, the government said on Monday. There will then be two phases of physical door-to-door surveys. The first will list houses and housing conditions, the second - inhabitants and their economic and social parameters, Census Commissioner Mrit ...Read More >