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.
CHENNAI: Freshworks Inc has signed a definitive agreement to acquire FireHydrant, a provider of AI-powered Incident Management software. This will bring Freshservice's IT Service Management and FireHydrant's core IT Operations Management as a unified AI-native ServiceOps solution designed to simplify operations. Co-founded by Robert Ross and Dylan Nielsen in 2018, FireHydrant has deep expertise in IT and DevOps with customers across consumer and business industries including Palo Alto Networks, BP, and Qlik.
MUMBAI: The Maharashtra Anti-Terrorism Squad (ATS), on Monday, arrested a 33-year-old software engineer, identified as Zubair Hangargekar, from Pune's Kondhwa area for his alleged links with Pakistan-based Al-Qaeda and involvement in the radicalisation of youth. According to ATS officials, Zubir Hangargekar, who had been under surveillance for nearly a month, was taken into custody early on Monday and produced before a special UAPA court, which remanded him to police custody till November 4. Mr Hangargekar has been booked under the provisions of the Unlawful Activities (Prevention) Act (UAPA) ...Read More >
ServiceNow Inc. (NYSE:NOW) is one of the 10 Stocks Leaving the Market in the Dust Today. ServiceNow jumped by 5.59 percent on Monday to close at $104.97 apiece, as investors resorted to bargain-hunting after the previous session's fall to be just a few cents shy of its 52-week low. Last Friday, ServiceNow Inc. (NYSE:NOW) fell to $98.34, or just 34-cents shy of its 52-week low of $98, after tracking last week's broader market pessimism. Photo by Yan Krukov on Pexels Further dragging sentiment ...Read More >
Mumbai (Maharashtra) [India], July 14: TAC Security, Inc. (U.S.-Delaware), a wholly owned subsidiary of TAC InfoSec Limited (NSE:TAC), announces the incorporation of a wholly-owned subsidiary in Canada, named TAC Security, Inc. (Canada), or by any other name as available in the commercial register. This move is a strategic step in strengthening TAC Security's position in North America and marks an important milestone in the company's global growth strategy. Also Read | S Jaishankar on 3-Day China Visit: EAM Meets Chinese Vice President Han Zheng, Stresses 'Mutually Beneficial' Outcomes Throug ...Read More >
The demand for engineering, technical and AI profiles has risen by 27 per cent, with compensation levels improving by 5 per cent compared to H1 FY25, according to Adecco India. After several muted quarters, India's IT sector hiring stabilised in the first half of FY 2025-26 as hiring patterns improved, following a reasonable rise in the recruitment of freshers and mid-senior level professionals, HR solutions provider Adecco India said on Tuesday. Campus intake has improved by 25 per cent compar ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers. According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades. Over the full period from FY01 to FY25, net services exports recorded a strong compound annual growth rate (CAGR) of 22 per cent. This is ...Read More >
New Delhi, Feb 17 (PTI) Microsoft co-founder Bill Gates' participation in the world's biggest AI summit became a topic of speculation on Tuesday, following conflicting reports. Government sources initially stated he would not attend, but a spokesperson for the Gates Foundation quickly contradicted to say he is indeed participating. Gates featured among the tech moguls, industry leaders, policymakers, founders, and technologists participating as speakers on the official website of the AI Impact Summit, underway in the national capital from February 16. On Tuesday morning, his name went missin ...Read More >
Bengaluru Double Suicide Case: Husband And Wife Found Dead, Marital Issues SuspectedA tech couple from Telangana, living in Bengaluru, died in a suspected suicide case. Bhanu Chander Reddy was found dead inside their flat, while his wife Bibi Shaziya Siraj later died after jumping from their building. Police suspect marital issues and possible health concerns. Two cases have been registered, and further investigation is ongoing. A young couple working in the tech sector was found dead in a suspected case of suicide in Bengaluru, Karnataka on Monday. The incident took place in the Kothanur are ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consultancy Services, Infosys, HCLTech and other software services exporters are due to report fourth quart ...Read More >
Jamtara 2 Actor Sachin Chandwade Death: Actor Sachin Chandwade, known for his role in Jamtara 2, passed away on October 24, 2025, after being found hanging at his home. He was a software engineer who pursued his acting passion, with his upcoming Marathi film Asurvan set for release later this year. Actor Sachin Chandwade, known for his role in the popular series Jamtara 2, has died by suicide at the age of 25, leaving fans in shock. As reported by Maharashtra Times, Sachin Chandwade was found h ...Read More >
The Cyber, Economic and Narcotic offences wing of the Belagavi City Police has busted an international cyber and financial fraud network with the arrest of a gang operating a call centre in Belagavi. Police Commissioner Borase Bhushan Gulabarao told reporters in Belagavi on Thursday that acting on a tip-off, CEN Police officers raided an office on Bauxite Road in the city and arrested 33 people. They confiscated 37 laptops and 37 mobile phones, along with cloud-based applications used for stori ...Read More >
Anthropic PBC is embedding its Agentic AI tools into Air India Ltd. amid a bevy of other Indian companies, as part of its push to tap into the world's largest internet population. That's a fresh challenge for the likes of Tata Consultancy Services Ltd. to Infosys Ltd. The airline, controlled by TCS owner Tata Group, is using Claude Code to create custom software faster and cheaper, as part of a broader push to use Agentic AI across its operations. "Our partnership with Anthropic PBC is pivotal ...Read More >
New Delhi: A man was arrested and at least 32 students were bound down after Delhi Police busted an alleged exam-solving racket operating from an apartment in Dwarka, officials said on Wednesday.The group is suspected of using remote desktop applications to enable candidates to cheat in online entrance examinations for top govt and private colleges in Delhi and other states.According to police, the students belonged to some of the country's leading institutions, including IIT, Delhi Technological University, Maharaja Agrasen College, National Institute of Technology, MIT, Motilal Nehru College ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Bengaluru (Karnataka) [India], October 16 (ANI): GITEX GLOBAL, the world's largest technology and AI events network, will make its India debut with GITEX Ai India, to be held in April 2027 in Bengaluru, Karnataka. The event will be organised by Dubai World Trade Centre (DWTC) and KAOUN International in strategic partnership with the Government of Karnataka's Department of Electronics, Information Technology and Biotechnology, according to a release issued by the Karnataka Government. The announcement was made at GITEX GLOBAL 2025 in Dubai, where the Indian tech community has consistently been ...Read More >
Pune: City police commissioner Amitesh Kumar on Friday said investigation into the alleged rape of a 22-year-old data scientist by a "delivery agent" in a Kondhwa flat on Wednesday revealed that there was "no forced entry into the woman's flat, no chemical was sprayed to render her unconscious and the selfie on her cellphone was taken with her consent before she herself cropped the image". Kumar told TOI, "We have detained her 27-year-old friend, an IT professional with a software company in Baner, after evidence like his cellphone location showed that he was around the flat at the time of the ...Read More >
New Delhi, July 17 (SocialNews.XYZ) Worldwide IT spending is expected to total $5.43 trillion in 2025, an increase of 7.9 per cent compared to 2024, a report said on Thursday. While there is a slowdown in business due to the ongoing geopolitical scenario, the spending on AI-oriented infrastructure would lead to spending in the IT sector, Gartner, an IT consultancy firm, forecasted in its recent report. "While there is a business pause on net-new spending due to a spike in global uncertainty, the effect is subsumed by ongoing AI and generative AI (GenAI) digitisation initiatives," said John-D ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
Bengaluru (Karnataka) [India], October 16 (ANI): GITEX GLOBAL, the world's largest technology and AI events network, will make its India debut with GITEX Ai India, to be held in April 2027 in Bengaluru, Karnataka. The event will be organised by Dubai World Trade Centre (DWTC) and KAOUN International in strategic partnership with the Government of Karnataka's Department of Electronics, Information Technology and Biotechnology, according to a release issued by the Karnataka Government. The announcement was made at GITEX GLOBAL 2025 in Dubai, where the Indian tech community has consistently been ...Read More >
Jaipur: The glory of polo and international sporting fraternity was exemplified on Thursday with KogniVera IT Solutions and Indian Polo Association (IPA) holding a joint press conference and trophy launch of the KogniVera International Polo Cup at the Army Equestrian Centre, Delhi Cantonment. This event included the official presentation of Team India and Team Argentina, creating a sense of expectation of a keen clash between two of the global top polo line-ups.The highlight of the PC was the unveiling of the stunning KogniVera International Polo Cup trophy that embodies the very essence of co ...Read More >
Pune: The Maharashtra Anti-Terrorism Squad (ATS) on Monday morning arrested a software engineer, Zubair Hangargekar (35) from Kondhwa, on the charge of possessing literature of the banned terrorist organisation, al-Qaida. The ATS also detained Hangargekar's friend at the Pune railway station for questioning soon after the two returned from Chennai. They had gone there to attend a function."We arrested Hangargekar because his laptop, among the 19 laptops seized during the searches in the early hou ...Read More >
New Delhi, Jun 5 (PTI) India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission. In an interview to PTI, Kwon said that India - which has the second largest number of ChatGPT users - is among the most important countries for OpenAI in terms of engagement. India has always had the "ingredients to succeed", he noted. OpenAI, he pointed out, is eyeing partnerships that will help build the future of AI infra ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consultancy Services, Infosys, HCLTech and other software services exporters are due to report fourth quart ...Read More >
Mumbai: Hooliganism under the guise of Marathi pride will not be tolerated in the state, CM Fadnavis warned on Friday. He said police had registered an FIR and taken action in the Mira Road incident where a businessman was beaten up by MNS workers for not knowing Marathi.Speaking to the media, Fadnavis said beating up someone over language was wrong. "We are Marathi and are proud of the language. Insisting that a person speak in Marathi is not wrong, but beating up a businessman because he does not know it is wrong. Our Marathi-speaking people are doing business in different states, and if the ...Read More >
New Delhi: Prime Minister Narendra Modi on Tuesday inaugurated the SEMICON India 2025 in Delhi. "A defining chapter in India's semiconductor journey is unfolding, with innovation and investment driving a new wave of growth," Modi said, addressing the event. At the event, Union IT Minister Ashwini Vaishnaw presented the first made-in-India chips to the PM, which included Vikram 32-bit microprocessor and test chips of four approved projects. Recalling the launch of India Semiconductor Mission (ISM) in December 2021, Vaishnaw said, "In a short span of 3.5 years, we have the world looking at Ind ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers. According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades. Also Read | Sajid Akram and Naveed Akram, the Gunmen Behind Bondi Beach Terror Attack, Identified As Father-Son Duo From Pakistan's Lahor ...Read More >
Acting on a tip-off about suspicious activities at a building identified as "Happy Homes" in Dwarka, a police team raided and found several people there, he said. During questioning, one of them, identified as Harsh Vardhan , a resident of Patna, allegedly confessed to running the racket that arranged candidates to appear in entrance examinations of a reputed management institute in Mumbai. "The examination was scheduled to be conducted at an IT lab in Jaipur, Rajasthan, and he would gain remot ...Read More >
Vijayawada: In a significant move towards establishing Andhra Pradesh as a hub for artificial intelligence (AI) research and innovation, the state government has entered into an agreement with the renowned AI computing company, NVIDIA. The plan was formalised in the presence of IT minister Nara Lokesh, higher education officials and NVIDIA representatives here on Friday. As part of the initiative, an AI University would be established in Amaravati, focusing on cutting-edge research and skills development in the field of AI. Lokesh met NVIDIA's CEO, Jensen Huang, in Mumbai in October last yea ...Read More >
Bangalore, India - - Infosys, a global leader in digital services and consulting, announced a strategic collaboration with Anthropic, an AI safety and research company, to develop and deliver advanced enterprise AI solutions. The initial focus will be on telecommunications, with plans to expand into financial services, manufacturing, and software development. The partnership, revealed today, centers on integrating Anthropic's Claude models - including Claude Code - with Infosys Topaz AI offerings. The stated goal is to automate complex workflows, accelerate software delivery, and build what t ...Read More >