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.
Panaji (Goa) [India], December 17 (ANI): The owners of the Birch by Romeo Lane nightclub in Goa's Arpora, brothers Gaurav Luthra and Saurabh Luthra, arrived in Goa on Wednesday from Indira Gandhi International Airport in New Delhi after a Delhi court granted a 48-hour transit remand to the two accused. The Goa Police arrested the accused brothers after they were deported from Thailand. The fire at the Arpora nightclub on December 6 claimed 25 lives and led to criminal proceedings against the club owners over alleged negligence and violation of mandatory safety norms. After the deportation from Thailand, the Goa police then sought transit remand of the nightclub owners, telling the Delhi court that a deadly fire broke out after a firework event was organised at the club without proper fire safety equipment and other essential safety gadgets. The police said the custodial presence of the accused in Goa was required at a critical stage of the investigation. Placing its submissions before the Patiala House Court, the Goa Police said the accused are the main owners and partners of 'Birch by Romeo Lane' in North Goa's Arpora area and had ultimate control over the operation of the club, including safety arrangements, permissions and events held at the premises. The police alleged that on December 6, a firework event was organised at the nightclub without proper care, caution or adequate firefighting equipment. This led to a massive fire, resulting in the death of 25 people, including staff and tourists, and causing serious injuries to several others. The police further told the court that the investigation is at a crucial stage, with the recovery of key documents such as licences, event permissions and internal communications still pending. They also said that the conspiracy behind the incident is yet to be unearthed. It was also pointed out that the accused had allegedly absconded abroad after the incident and was arrested only after returning to India. After hearing the submissions and examining the FIR, arrest memos and case diary, Duty Metropolitan Magistrate Twinkle Chawla allowed the transit remand plea but limited it to 48 hours from the time of remand. The court observed that, at this stage, there is sufficient material to indicate the involvement of the accused and said that further investigation would fall within the jurisdiction of the competent court in Goa. While granting the remand, the court directed the investigating officer to keep the accused in safe and secure custody during transit and to produce them before the concerned court in Goa immediately after their arrival. The magistrate also took note of the medical condition of the accused, observed that they were fit to travel, and directed that all prescribed medicines and necessary medical care be provided to them during the transit period. Following the order, Advocate Surjendu Shankar Das, appearing for the State of Goa, said that the transit remand had been granted and that both accused would be taken to Goa. (ANI)
OCCRP had published news articles against Adani; BJP MP Sambit Patra calls Rahul 'traitor of highest order' After a hiatus of two days, the Winter Session of Parliament plunged into chaos again Thursday, this time due to the ruling BJP targeting Leader of the Opposition Rahul Gandhi and the Congress, accusing them of being part of a plan to "derail" India's economy and "disrupt" its democracy. Senior BJP MP Nishikant Dubey raised the matter in the Lok Sabha, alleging that a "dangerous triangle" ...Read More >
A temple locked since 1978 communal riots in Sambhal, Uttar Pradesh, has been reopened by authorities during an anti-encroachment drive. The Bhasma Shankar temple, containing idols of Lord Hanuman and a Shivling, was rediscovered during an electricity theft inspection. This follows recent violence and heightened tensions in the area, including a mosque survey dispute and loudspeaker fine.The Sambhal administration here on Saturday uncovered and reopened a temple, which is said to have been closed ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday reserved the order on an application moved by Baramulla MP Engineer Rashid seeking custody parole to attend ongoing parliament session amidst jurisdictional row. However, the National Investigation Agency (NIA), while opposing the custody parole, stated that Rashid Engineer does not need to respond to any questions. They emphasized that this request is generic and pointed out that Engineer has no speech to deliver. Senior Advocate Sidharth Luthra appeared for NIA also argued that taking an oath and campaigning are separate m ...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 >
Chandigarh, Feb 10 (SocialNews.XYZ) In a major crackdown on fraudulent immigration consultants exploiting innocent individuals, the Special Investigation Team (SIT) constituted by the Punjab Police on Monday said it has taken action to dismantle the multinational human trafficking nexus operating in the region. This action pertains to the Indians who had been deported from the US and had landed in Amritsar. Punjab Police has recorded statements against travel agents who defrauded them with false promises of illegal entry into the US. Acting on complaints from victims, Punjab Police have regi ...Read More >
In a heart-wrenching incident, a 30-year-old Dalit youth, who was brutally thrashed, succumbed to his injuries during treatment at a hospital in the Shivpuri district of Madhya Pradesh, and four people have been arrested in this connection. The incident occurred under the jurisdiction of Subhashpura police station on Tuesday, however, the matter came to light after a video surfaced on social media showing four persons beating the youth with sticks and pipes mercilessly. In the video, the victim, identified as Vishnu Jatav, was seen being thrashed by a group of men in a field in Indergarh vil ...Read More >
Delhi residents breathed easier Thursday as air quality improved to 'moderate' after a month of severe pollution. The AQI dropped to 161, though some areas still experienced 'poor' air quality. Cooler temperatures and mist accompanied the improved air, with the minimum temperature reaching 9 degrees Celsius. The Supreme Court maintained GRAP-IV restrictions, demanding compensation for construction workers from NCR states.Residents in Delhi took a sigh of relief on Thursday as the air quality inde ...Read More >
New Delhi [India], December 11 (ANI): Veteran Telugu actor Mohan Babu has been booked for allegedly assaulting a journalist at his residence in Jalpalli, Rangareddy district, on the evening of December 10, 2024. The incident occurred around 7:50 pm, when the journalist, along with other media personnel, was covering the ongoing dispute between the actor and his son, actor Manchu Manoj. According to the police FIR, a formal complaint was lodged by the reporter, at 10:55 pm on the same day, following the alleged assault. The statement was recorded by B. Dayakar Reddy, Sub-Inspector of Police a ...Read More >
Also Read | Sambhal sparks rift: INDIA bloc allies face leadership turmoil? "Multiple encroachments are being seen around the area," Sambhal DM Rajendra Pensia told ANI. Pensia said, "There was encroachment on roads, sewers, water bodies, and that too for a long time. We are undertaking an 'abhiyan' (drive) to fix it. We launched a campaign in Chandausi and we had decided we would start the campaign here in November. But we could not start." The DM stated the anti-encroachment drive will conti ...Read More >
New Delhi [India], December 18 (ANI): The National Investigation Agency (NIA) on Wednesday carried out searches at 17 locations across four states in connection with its ongoing investigation into a case linked to the recovery of AK-47 assault rifle and ammunition in Bihar. The raids began in the early hours of the day at locations across four states, including Bihar. NIA officials conducted search operations at the residences of suspects linked to the case, which is connected to the Fakuli Police Station in Bihar's Muzaffarpur district. Also Read | Kurla BEST Bus Accident: Driver Was Not Dr ...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 >
Bengaluru (Karnataka) [India], June 5 (ANI): A day after the tragic stampede during the IPL victory celebration event of the Royal Challengers Bengaluru (RCB) in Bengaluru that left 11 dead and dozens injured, Karnataka Chief Minister Siddaramaiah on Thursday said that a one-member commission has been formed to probe the incident. CM Siddaramaiah also announced that the state government has decided to suspend top police department officials, including the Commissioner of Bengaluru City Police. Speaking to the media, the Karnataka CM stated, 'Under the chairmanship of Justice Michael D'Cunha, ...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 >
Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >
Mumbai BEST accident: Amid ongoing investigations into the Kurla accident case, the Mumbai police on Tuesday, sought custody of the driver of the electric bus - operated by the civic-run Brihanmumbai Electric Supply and Transport (BEST), which led to the death of seven persons, and injured 42 others on December 10. Reportedly, the Mumbai police suspect that the driver, Sanjay More, might have 'deliberately' attacked the people, using the bus as a 'weapon'. A magistrate court has now ruled that More would be under the custody of Mumbai Police until December 21. The Mumbai Police presented San ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of ant--dowry lawy. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. Also Read | Atul Subhash Suicide Case: 4 People ...Read More >
A bench of Justices Vibha Kankanwadi and Rohit Joshi at Aurangabad noted in its order of December 11 that the woman's daughter, only four years old, is being kept away from her despite a lower court's order. Such behaviour amounts to 'cruelty' as defined under section 498-A of the IPC. (Representational) Mumbai: The Bombay High Court has held that not letting a child meet her mother amounts to 'cruelty' under the Indian Penal Code, and refused to quash a First Information Report registered aga ...Read More >
Bengaluru, Dec 14 (UNI) The tragic suicide of 34-year-old tech professional Atul Subhash has led to the arrest of his estranged wife and her family members in connection with allegations of harassment, extortion, and financial abuse. Subhash, a resident of Manjunath Layout in Bengaluru, was found dead in his apartment on December 9, leaving behind a 25-page suicide note. In the note, he accused his wife, Nikita Singhania, and her family of subjecting him to relentless emotional and financial distress during their ongoing divorce proceedings. Following a complaint filed by Atul's brother, Bik ...Read More >
New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...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: The Supreme Court on Wednesday decided to grant anticipatory bail to former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. The matter was heard by a bench consisting of justices BV Nagarathna and Satish Chandra Sharma. "What is the grave crime she has committed? She is not a drug lord or a terrorist. She has not committed 302 (murder). She is not an NDPS offender", said the bench. "You should have a system or software. You complete the investigation. She has lost everything and will not ge ...Read More >
Sharmistha Panoli, a law student, faced arrest over a controversial social media video. The video sparked outrage for allegedly insulting a religious community. Despite an apology, legal action followed. Kolkata Police arrested Panoli in Gurugram. A Kolkata court initially remanded her to judicial custody. Now, the Calcutta High Court has granted her interim bail.The Calcutta High Court on Thursday granted interim bail to influencer Sharmistha Panoli, arrested for allegedly posting video on socia ...Read More >
Mumbai: The Azad Maidan police have registered a case of murder in connection with the mysterious death of a 70-year-old man, Amrutlal Krantilal Patel, in 2021. The FIR has come after directives from the sessions court. The case was filed after Patel's sister, Jyotsnaben Patel, alleged foul play and sought legal intervention. About The Case Patel, a resident of Navsari in Gujarat, had been brought to Bombay Hospital on April 16, 2021, due to deteriorating health but passed away before admission. At the time, the police had classified the case as an accidental death, with an autopsy confirmin ...Read More >
MUMBAI: The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of anti dowry law. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. "Dowry laws, being made to protect women should not be misused because if some women are ...Read More >
Imphal (Manipur) [India], January 10 (ANI): Manipur Chief Minister N Biren Singh praised the successful anti-drug operation in Ukhrul district, where combined forces destroyed 90 acres of poppy plantations, burned 12 huts, and registered FIRs for further investigation. "90 acres of poppy plantation destroyed in Ukrhul. In another successful mission under the War on Drugs campaign, combined forces of Ukhrul district police, 6 MR, 18 AR and the Forest Department destroyed 90 acres of poppy plantation and burned down 12 huts in the Phalee hill range under Lungchong Maiphei (LM) Police Station in ...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 2 (ANI): The Supreme Court on Monday declined to entertain a petition alleging that the Assam government has reportedly launched a "sweeping and indiscriminate drive" to deport persons suspected to be foreigners to Bangladesh. A vacation bench of Justices Sanjay Karol and Satish Chandra Sharma asked the All BTC Minority Students Union (ABMSU) to approach the Gauhati High Court for appropriate relief. Also Read | INR 2,000 Currency Notes Worth INR 6,181 Crore Still in Circulation After Withdrawal 2 Years Ago, Reveals RBI Data. The petitioner said that the state of Ass ...Read More >
Bengaluru (Karnataka) [India], June 5 (ANI): The Karnataka High Court on Thursday issued a notice to the state government over the stampede incident near the Chinnaswamy Stadium that claimed the lives of 11 people and left several injured. The High Court took suo motu cognisance of the incident and asked for a further status report. 'News items have been published in various newspapers, narrating the tragedy that happened when 11 persons died and 75 were injured during the course of the victory celebration of RCB. This court is taking cognisance of the incident,' the High Court said. 'Senio ...Read More >
Subathu (Himachal Pradesh) [India], June 5 (ANI): A strength of 158 Agniveers passed out in an impressive Passing Out Parade at the historical Salaria Stadium of 14 Gorkha Training Centre in Subathu, an official release said on Thursday. The recruits, who swore allegiance to the Indian Republic, underwent rigorous training for over 31 weeks in various aspects of physical fitness, battle and field craft, weapons, and tactics. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. As per the release, the Agniveers would now be joining the Gorkha Battalions ...Read More >