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.
HYDERABAD (INDIA)/MANILA - Indian police on Tuesday confirmed that one of the two gunmen behind Australia's Bondi Beach mass shootings, Sajid Akram, was an Indian citizen who had left the country 27 years ago. In a statement providing more details about the man alleged to have carried out the attack with his son as an accomplice, police in the southern Indian state of Telangana said Sajid Akram, 50, had got a degree in commerce in Hyderabad, the large and bustling tech and pharma hub that is the state capital. Akram then moved to Australia in November 1998 to find work and married a woman described as of European origin, with whom he had a son and a daughter. He went back to India six times for family-related reasons such as property matters and to visit his parents but did not return when his father died, the police statement said. Fifteen people were killed in the attack on a Hanukkah event, Australia's worst mass shooting in nearly 30 years, and it is being investigated as an act of terrorism targeting the Jewish community. "Sajid Akram is originally from Hyderabad, India. He... migrated to Australia in search of employment approximately 27 years ago, in November 1998," police in India's southern state of Telangana said in a statement. "As per information available from his relatives in India, Sajid Akram had limited contact with his family in Hyderabad over the past 27 years," the statement added. "He visited India on six occasions after migrating to Australia, primarily for family-related reasons such as property matters and visits to his elderly parents. It is understood that he did not travel to India even at the time of his father's demise." Australia's Prime Minister Anthony Albanese said the father and son who carried out one of the country's deadliest mass shootings were driven by ISIS "ideology." Authorities said the attack was designed to sow panic among the nation's Jews. Telangana police said they had "no adverse record" against Sajid while he had been in India before his departure. "The family members have expressed no knowledge of his radical mindset or activities, nor of the circumstances that led to his radicalisation", the statement read. "The factors that led to the radicalisation of Sajid Akram and his son, Naveed, appear to have no connection with India or any local influence in Telangana", it added. The father and son behind one of Australia's deadliest mass shootings spent nearly all of November in the Philippines, authorities in Manila confirmed Tuesday, with the father entering on an Indian passport. Sajid Akram and his son Naveed, who killed 15 people and wounded dozens of others at a Hanukkah celebration on Sydney's Bondi Beach, entered the country on November 1 with the southern province of Davao listed as their final destination. "Sajid Akram, 50, Indian national, and Naveed Akram, 24, Australian national, arrived in the Philippines together last November 1, 2025 from Sydney, Australia," immigration spokeswoman Dana Sandoval told AFP. "Both reported Davao as their final destination. They left the country on November 28, 2025 on a connecting flight from Davao to Manila, with Sydney as their final destination." In a statement responding to reports that the Bondi shooters had trained in the Philippines, the National Security Council said there had been no information at the time of their visit suggesting the men posed "a serious or immediate concern". "We don't know why they went there. There was no report about them," National Security Council spokesman Cornelio Valencia told AFP over the phone. "We're acting for our counterparts, so we will check their reports," he said, adding his agency had not yet come across anything confirming the men had trained in the archipelago nation.
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Saquib Nachan, a former leader of the banned SIMI, passed away in a Delhi hospital following a brain haemorrhage. He was admitted four days prior after being arrested in 2023 during an NIA crackdown on ISIS. Nachan, an inmate at Tihar prison, was hospitalized after his health deteriorated, and doctors confirmed the haemorrhage.Saquib Nachan, a former office-bearer of the banned Students Islamic Movement of India (SIMI), died in a Delhi hospital on Saturday, days after suffering a brain haemorrhag ...Read More >
New York/New Delhi, July 8 (UNI) India has abstained from voting on the UN Resolution on Afghanistan, and said the international community must direct its coordinated efforts towards ensuring that entities and individuals designated by the UN Security Council along with their regional sponsors who facilitate their operations, no longer exploit the Afghan territory for terrorist activities. India's Permanent Representative to the UN, Ambassador P Harish, in his statement on the Resolution, welcomed the strong condemnation by Afghanistan of the Pahalgam terrorist attack on April 22 and said Ind ...Read More >
Chandigarh: After conducting searches at 11 locations across Punjab and Haryana on Wednesday, the Enforcement Directorate (ED) carried out raids at seven more sites in the two states on Friday in connection with the "donkey route" cases involving illegal immigrants deported from the US.During Wednesday's raids, the ED recovered 30 original passports from the residence of an agent allegedly involved in facilitating illegal migration through the donkey route. "Credible evidence has been recovered, indicating that agents conducted cash and hawala transactions worth several crores by duping prospe ...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 >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
MUMBAI: Saquib Abdul Hamid Nachan, terror suspect from Padgha on the outskirts of Mumbai, died in a Delhi hospital on Saturday. Nachan was arrested by the National Investigation Agency (NIA) for his alleged links to the banned Islamic State of Iraq and Syria (ISIS) in December 2023, along with 15 other alleged ISIS members. They were picked up by the federal investigating agency during searches in Padgha, a village in Thane district, as part of a nationwide crackdown on ISIS. Nachan had been lodged in Delhi's Tihar Jail but suffered a stroke on Tuesday, when was admitted to Deendayal Upadhyay ...Read More >
Hyderabad: At least 16 Pakistani soldiers were killed in a suicide attack in the northwestern part of the country that was claimed by the Pakistani Taliban. The attack, particularly targeting security forces, is being described as Pakistan "tasting its own medicine", implying that the terror groups and the terror eco system it raised or funded for strategic reasons have come back to haunt it in a big way. The monthly security assessment issued by the Pakistan Institute for Conflict and Security Studies (PICSS) recorded 85 militant attacks in May 2025 as compared to 81 in April, 2025 resultin ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi: Three Indian nationals have been abducted in Mali amid a surge in terrorist violence across the West African country. On Wednesday, India expressed serious concern over the incident and urged the Malian authorities to ensure the safe return of the kidnapped persons. "The Ministry of External Affairs is deeply concerned about the abduction of three Indians employed at the Diamond Cement Factory in Kayes, Mali. The kidnapping took place on July 1, 2025, when armed attackers stormed the factory and took the three workers hostage," the MEA said in a statement. The Indian Embassy in Ba ...Read More >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter with security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutional means". He has urged the Centre to hold "peace talks" with the Maoists and declare a "ceasefire" w ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
New Delhi: External Affairs Minister (EAM) S. Jaishankar will be on a three day visit to China starting July 13, sources in the Ministry of External Affairs (MEA) revealed on Friday. They stated that EAM Jaishankar will begin his China visit from Beijing and then visit Tianjin for the Foreign Minister's Meeting of the Shanghai Cooperation Organisation (SCO) member countries. China is the current Chair of the grouping. While the External Affairs Minister has met his Chinese counterpart on the sidelines of multilateral events, this would be his first trip to China since bilateral relations wer ...Read More >
NEW DELHI: Pro-Khalistan terrorist and ISI's key henchman Harpreet Singh, alias Happy Passia, is expected to be extradited from the US to India soon. Passia was held on April 17 in Sacramento, California, by FBI and US Immigration & Customs Enforcement and is lodged at a detention centre in the US.Passia's arrest prompted an appreciation post from agency chief Kash Patel. "Captured: Harpreet Singh, part of an alleged foreign terrorist gang here illegally in the US, who we believe was involved in planning multiple attacks on police stations both in India and the US. @FBISacramento conducted the ...Read More >
New Delhi [India], December 3 (ANI): The National Investigation Agency (NIA) chargesheeted another accused in the Magadh (Zone) CPI (Maoist) revival attempts case, the agency said in a statement. Binod Shankar alias Vinod Shankar Singh, a resident of Kaimur district of Bihar, is the 6th accused to be chargesheeted in the case, the agency said. The chargesheet was filed on Monday. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoamniotic Twins To Save Healthy Foetus at KEM Hospital. A supplementary chargesheet has been filed against him under various sections o ...Read More >
New Delhi [India] January 22 (ANI): Congress MP Randeep Singh Surjewala on Wednesday urged Prime Minister Narendra Modi to take a stand in defending the rights of Indian immigrants in the United States. Surjewala also highlighted the contributions of over 20,000 Indian immigrants and expressed concerns over the government's silence on the deportation orders under President Donald Trump's administration. Sharing a detailed post on X Surjewala said, "Dear Prime Minister Modi ji, Pls spare a few moments to watch Bishop Mariann Edgar Budde speaking the truth to President of United States of Amer ...Read More >
New Delhi [India], June 30 (ANI) In a decisive step to counter the anti-national agenda of the banned terror outfit Hizb-ut-Tahrir (HuT), the National Investigation Agency (NIA) has attached the property of an accused linked to a Tamil Nadu-based conspiracy aimed at establishing an Islamic Caliphate in India. The attached property belongs to Bava Bahrudeen alias Mannai Bava and is located at No. 58H, Ashrath Awliya, Manshoor Thaikkal, Gandhiji Road, Thanjavur. It falls under Survey No. 2983, Ward 6, as registered in the Thanjavur Joint I Sub-Registrar Office. The action has been taken under S ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
Hyderabad: BRS senior leader T Harish Rao on Wednesday strongly condemned Chief Minister Revanth Reddy's "baseless and misleading" statements regarding irrigation and water rights in Telangana. Harish Rao accused Revanth Reddy and his Congress government of "mortgaging Telangana's rightful share of water resources and attempting to mislead people with fabricated data and staged presentations." Expressing outrage over the Chief Minister's closed-door meeting with Congress legislators at Praja Bhavan, Harish Rao asserted, "Revanth Reddy, your government deserves to be lashed for betraying Telan ...Read More >
New Delhi, Jan 2 (PTI) Prime Minister Narendra Modi on Thursday condemned the terrorist attack in New Orleans, which has killed 15 people, and expressed condolences to the families of victims. "We strongly condemn the cowardly terrorist attack in New Orleans. Our thoughts and prayers are with the victims and their families. May they find strength and solace as they heal from this tragedy," PM Modi said on X. A driver wreaked carnage on New Orleans' famed French Quarter early on New Year's Day, as he rammed a pickup truck into a crowd before being shot to death by police, authorities said. M ...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 >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter between Maoists and security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutional means". He has urged the Centre to hold "peace talks" with the Maoists and declare ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >
Rayachoti (Andhra Pradesh), Jul 3 (PTI) Two alleged terrorists from Tamil Nadu nabbed here recently after 30 years lived under "fake identities," and nearly 20 kg of explosives were seized from them, police said on Thursday. Abubacker Siddique, allegedly involved in the 2011 pipe-bomb planting attempt during BJP veteran and former Deputy Prime Minister L K Advani's rath yatra in Tamil Nadu's Madurai and his accomplice Mohammed Ali were arrested earlier from here. Siddique was involved in several bomb blasts in south India and was arrested by the Tamil Nadu's Anti Terrorism Squad from his hid ...Read More >
BENGALURU: A prison psychiatrist and a police official have allegedly been behind extremist radicalisation inside the Bengaluru Central Prison. In a shocking expose of subvert activities by government appointees inside the prison, the National Investigation Agency (NIA) on Tuesday arrested prison psychiatrist Dr Nagaraj, assistant sub inspector (City Armed Reserve police) Chand Pasha and mother of an absconding accused Anees Fathima in a 2023 case related to radicalisation of prisoners by a LeT terrorist Tadiyandavede Naseer. The arrests followed searches in five places in Bengaluru and Kolar. ...Read More >
The National Investigation Agency (NIA) conducted searches at 32 locations across Jammu and Kashmir, targeting a terror conspiracy orchestrated by Pakistan-based outfits. These raids focused on residential premises of hybrid terrorists and overground workers linked to groups like TRF and others affiliated with LeT and JeM. The National Investigation Agency (NIA) carried out searches at 32 locations across Jammu and Kashmir on Thursday to probe a conspiracy hatched by Pakistan-based terror outfit ...Read More >
New Delhi, Jun 6 (PTI) A Delhi court on Friday extended the judicial custody of 26/11 Mumbai attack accused Tahawwur Hussain Rana till July 9. Special Judge Chander Jit Singh passed the order after Rana was produced before it through video conference after expiry of his judicial custody granted earlier. The judge, meanwhile, sought a status report from Tihar by June 9 on the health condition of Rana, after his lawyer raised concerns about his wellbeing. Rana, a close associate of 26/11 main conspirator David Coleman Headley alias Daood Gilani, a US citizen, was brought to India after the US ...Read More >
New Delhi, June 8 Shiv Sena (UBT) MP Priyanka Chaturvedi has strongly defended India's recent global anti-terror outreach ... New Delhi, June 8 Shiv Sena (UBT) MP Priyanka Chaturvedi has strongly defended India's recent global anti-terror outreach mission across Europe, calling it both timely and necessary to expose the global threat posed by Pakistan-backed terrorism. Chaturvedi was part of the high-level All-Party Parliamentary Delegation led by BJP MP Ravi Shankar Prasad under "Operation Sindoor Outreach," which presented India's firm stance against cross-border terrorism and garnered int ...Read More >
New Delhi, Jan 2 (VOICE) Prime Minister Narendra Modi on Thursday strongly condemned the horrifying New Year's Day terror attack in New Orleans that has left at least 15 dead and about three dozen injured. "We strongly condemn the cowardly terrorist attack in New Orleans. Our thoughts and prayers are with the victims and their families. May they find strength and solace as they heal from this tragedy," PM Modi posted on X. A disturbing series of attacks have shocked the United States with the New Orleans attack now being investigated as an act of terrorism. A man, later identified as 42-yea ...Read More >