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.
AMMAN -- Jordan and India issued a joint statement on Tuesday at the conclusion of India Prime Minister Narendra Modi's visit to Jordan. Following is the full text of the statement: "Joint Statement on the Visit of Hon'ble Prime Minister of the Republic of India, Shri Narendra Modi to the Hashemite Kingdom of Jordan December 15-16, 2025 1. At the invitation of His Majesty King Abdullah II ibn Al Hussein of the Hashemite Kingdom of Jordan, Hon'ble Prime Minister of the Republic of India, Shri Narendra Modi visited the Hashemite Kingdom of Jordan on December 15-16, 2025. 2. The Leaders acknowledged the fact that the visit of Prime Minister Modi is taking place at a significant time, as the two countries celebrate the 75th anniversary of the establishment of bilateral diplomatic relations. 3. The Leaders appreciated the long-standing relationship between their countries which is characterised by mutual trust, warmth and goodwill. They positively assessed the multi-faceted India-Jordan relations that span across various areas of cooperation including political, economic, defence, security, culture, and education among others. 4. The Leaders appreciated the excellent cooperation between the two sides at the bilateral level and in multilateral forums. They warmly recalled their earlier meetings in New York (September 2019), in Riyadh (October 2019), in Dubai (December 2023) and in Italy (June 2024). Political Relations 5. The Leaders held bilateral as well as expanded talks in Amman on 15 December 2025, where they discussed relations between India and Jordan. They also agreed to expand cooperation between the two countries in areas of mutual interest and to stand together as trusted partners in pursuing their respective development aspirations. 6. The Leaders noted with satisfaction the regular convening of political dialogue between the two countries as well as the meetings of the various Joint Working Groups in diverse areas. They further agreed to fully utilise the established mechanisms to consolidate bilateral relations. In this regard, the leaders commended the outcomes of the Fourth Round of Political Consultations between the two foreign ministries that was held in Amman on April 29, 2025. The fifth round will be held in New Delhi. 7. Looking forward, the Leaders reaffirmed their determination to sustain the positive trajectory of relations between the two countries, to promote high-level interactions, and continue to cooperate and collaborate with each other. Economic Cooperation 8. The Leaders appreciated the strong bilateral trade engagement between India and Jordan, currently valued at USD 2.3 billion for 2024, making India the third largest trading partner for Jordan. They agreed on the need to diversify the trade basket to further enhance bilateral trade. The Leaders also agreed on the early convening of the 11th Trade and Economic Joint Committee in the first half of 2026, to monitor progress in economic and trade relations. 9. The Leaders welcomed the convening of the Jordan-India Business Forum on the sidelines of the visit on 16 December 2025. A high-level business delegation from the two countries discussed ways to further strengthen and expand trade and economic cooperation between the two countries. 10. The Leaders acknowledged the importance of cooperation in the field of customs. They further agreed to fully utilise the Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters. This agreement facilitates sharing of information to ensure proper application of Customs Laws and combating of customs offences. It also provides facilitation of trade by adopting simplified customs procedures for efficient clearance of goods traded between the two countries. 11. Both Leaders underlined the potential for enhanced economic cooperation between the two countries, taking into account Jordan's strategic geographic location and advanced logistics capabilities. In this context, both sides reaffirmed the importance of strengthening transport and logistics connectivity, including the regional integration of Jordan's transit and logistics infrastructure as a strategic opportunity to advance shared economic interests and private-sector collaboration. Technology and Education 12. The two sides reviewed bilateral cooperation in the fields of digital technology and education and agreed to collaborate in various fields such as the capacity building of officials in digital transformation, promoting institutional cooperation for feasibility study in the implementation of Digital Transformational solutions and in other areas. They also agreed to explore further avenues of cooperation in the implementation of digital transformation initiatives of both the countries. The two sides expressed interest in expanding and upgrading the infrastructure and the capacity building programmes of the India and Jordan Centre of Excellence in Information Technology, hosted at Al Hussein Technical University. 13. The two sides discussed the road map for collaboration in the field of Digital Public Infrastructure (DPI). In this context, both sides welcomed the signing of a letter of intent for entering into an agreement on sharing of Indian experience of DPI. Both sides agreed to collaborate in ensuring a safe, secure, trusted and inclusive digital environment. 14. The two sides recognised the vital role of technology in education, economic growth and social development and agreed on continued collaboration in the areas of digital transformation, governance and capacity building. 15. The Indian side highlighted the important role of capacity building in sustainable development and expressed commitment to continue collaboration in this field through the Indian Technical and Economic Cooperation (ITEC) Programme in various fields including information technology, agriculture, and healthcare. The Jordanian side appreciated the increase of ITEC slots from 35 to 50 with effect from the current year. Health 16. The Leaders underscored their commitment to working together in the field of healthcare through sharing of expertise, especially in advancing tele-medicine and capacity building in training of health workforce. They acknowledged the importance of health and pharmaceuticals as a key pillar of bilateral cooperation, underlining its role in promoting the well-being of their peoples and in advancing the Sustainable Development Goals (SDGs). Agriculture 17. The Leaders acknowledged the crucial role of the agricultural sector in advancing food security and nutrition and expressed a shared commitment to strengthening collaboration in this sector. In this context, they reviewed current cooperation between the two sides in the field of fertilisers, especially phosphates. They also agreed on increasing collaboration in exchange of technology and expertise to enhance the efficiency of agriculture and related sectors. Water Cooperation 18. The Leaders welcomed the signing of the MoU on Cooperation in the field of Water Resources Management and Development and acknowledged the importance of cooperation between the two sides in areas such as water-saving agricultural technologies, capacity building, climate adaptation and planning and aquifer management. Green and Sustainable Development 19. The Leaders discussed the importance of increasing collaboration in the field of climate change, environment, sustainable development and encouraging the use of new and renewable energy. In this context, they welcomed the signing of the MoU on Technical Cooperation in the field of New and Renewable Energy. Through the signing of this MoU, they agreed on the exchange and training of scientific and technical personnel, organisation of workshops, seminars and working groups, transfer of equipment, know-how and technology on a non-commercial basis and development of joint research or technical projects on subjects of mutual interest. Cultural Cooperation 20. The two sides expressed their appreciation for the growing cultural exchanges between India and Jordan, and welcomed the signing of the Cultural Exchange Programme for the period 2025-2029. They supported the idea of expanding cooperation in the fields of music, dance, theatre, art, archives, libraries and literature, and festivals. They also welcomed the signing of the Twinning Agreement between the City of Petra and Ellora Caves Site, focusing on the development of the archaeological sites and on promotion of social relations. Connectivity 21. The two sides acknowledged the importance of direct connectivity in fostering bilateral relations. It is an important cornerstone for promotion of trade, investment, tourism, and people-to-people exchanges and helps in cultivating deeper mutual understanding. In this regard, they agreed to explore the possibility of enhancing direct connectivity between the two countries. Multilateral Cooperation 22. His Majesty King Abdullah II praised India's leadership in the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI) and the Global Biofuels Alliance (GBA). India welcomed Jordan's expression of willingness in joining the ISA, CDRI and GBA. The two sides recognised biofuels as a sustainable, low-carbon option to achieve decarbonisation commitments and deliver greater economic and social development for the people of both countries. 23. At the end of the visit, Prime Minister Shri Narendra Modi expressed his sincere thanks and appreciation to His Majesty King Abdullah II for the warm reception and generous hospitality extended to him and his accompanying delegation. He also conveyed his best wishes for the continued progress and prosperity of the friendly people of the Hashemite Kingdom of Jordan. For his part, His Majesty extended his sincere wishes to Prime Minister Narendra Modi and the friendly people of India for further progress and prosperity."
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
India's pharmaceutical industry, valued at $50 billion, is booming as a global leader in generic drugs. With significant exports to 200+ countries, India meets a substantial portion of global demand for affordable medicine. Challenges include regulatory hurdles and quality assurance, as the nation aims to expand its generic drug market. The Indian pharmaceutical industry, currently valued at $50 billion, is playing an increasingly crucial role on the global stage. Renowned as the 'pharmacy of the world,' India's pharma sector is a major exporter, supplying essential generic drugs to over 200 ...Read More >
New Delhi [India], December 6 (ANI): After a steep correction in October 2024, where the Nifty 50 index fell around 6 per cent and closed 8 per cent lower than its all-time highs, FII outflows reduced in November, a sharp drop from October outflows says a report by JM Financials. The benchmark index remained largely flat in November, reflecting a calmer trading environment. Foreign Institutional Investor (FII) activity also exhibited a notable slowdown in selling pressure. FII outflows reduced to Rs182 billion (USD 2.2 billion) in November, a sharp drop from Rs919 billion (USD 10.9 billion) ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its October policy, only to pare it to 6.8%. Growth in gross value added (GVA), which is the preferred measure ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
Hyderabad, Dec 17 (UNI) Coromandel International Limited, India's leading agri-solutions provider, and Mahindra & Mahindra Limited Farm Equipment Sector (FES) business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive, to Indian farmers. Currently, it is operational in seven key states Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh. Gromor Drive's operations are supported by RPTO-tra ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable growth. "Together, we advance sustainable critical mineral management, supporting Indonesia's net ...Read More >
Bhopal, Dec 11 (VOICE) Madhya Pradesh Chief Minister Mohan Yadav will launch 'Jan Kalyan Parv' on Wednesday on the completion of one year of his government. The BJP government in the state will organise a fortnight-long programme called 'Jan Kalyan Parv' to highlight the development works undertaken in the past year. Chief Minister Yadav has directed district administration to organise camps in blocks and gram panchayats to highlight the government's achievements. "The officers will meet people and make them aware of the state government's welfare schemes and ensure that those eligible get ...Read More >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation. Building on much common ground in history, democratic ideals, socio-economic imperatives and aspi ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...Read More >
Mumbai, Dec 17 (PTI) Agri-solutions provider Coromandel International and Mahindra and Mahindra's farm equipment sector business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive. Currently operational in seven key states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh, Gromor Drive's operations are supported by RPTO-trained pilots, according to a joint statement. Coromandel's drone services are positioned in the market through the support of its subsidiary, Dhaksha Unmanned Sy ...Read More >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
News 2 min read Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025 The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report. New Delhi, The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, acco ...Read More >
Punjab farmer leader Jagjit Singh Dallewal's hunger strike enters its 17th day. His health is critical. The Supreme Court urges dialogue between the government and Dallewal. Dallewal demands MSP guarantee and other farmer-centric issues. He has written an open letter to the Prime Minister. Farmers' organizations continue their protests at the Punjab-Haryana border.The Supreme Court on Friday expressed serious concern over the deteriorating health of Punjab farmer leader Jagjit Singh Dallewal, who ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >
PM Modi holds bilateral meetings with Indonesia and Portugal President Prabowo Subianto of Indonesia and Prime Minister Narendra Modi engaged in bilateral discussions during the G20 Leaders' Summit in Brazil. The Indian delegation, which included External Affairs Minister S Jaishankar, participated in discussions with their Indonesian counterparts. During their interaction, PM Modi emphasised the discussions centred on strengthening bilateral relations across various sectors, including trade, defence cooperation and additional areas of mutual interest. ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of ...Read More >
Bengaluru: Ex-Karnataka Chief Minister and former External Affairs Minister SM Krishna died here early on Tuesday, leaving behind a rich legacy of statesmanship and public service that saw the 92-year-old leader scale all heights of political achievements. Suave, sophisticated and a man with enviable academic credentials, Somanahalli Mallaiah Krishna started off his political innings as an independent MLA from Maddur in 1962, stunning a then Congress veteran in the elections, and went on to become the state's CM and later the country's External Affairs Minister. Tributes poured in for the fo ...Read More >
Mumbai (Maharashtra) [India], December 10 (ANI): The stock market ended Tuesday's trading session on a subdued note, with the benchmark indices showing little movement. The Sensex edged up by 1.59 points, closing at 81,510.05, while the Nifty declined by 8.95 points to end at 24,610.05. Also Read | Parliament Winter Session 2024: Congress, INDIA Bloc Allies Move No-Trust Motion Against Rajya Sabha Chairman Jagdeep Dhankhar; Alleges 'Proceedings in Upper House Conducted in Partisan Manner'. In the Nifty pack, 23 stocks advanced, while 27 ended in the red. Among the top gainers were Shriram F ...Read More >