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.
NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Wednesday said that India is at a demographic and economic inflection point and higher education will play a decisive role, as millions of youngsters get ready to enter the workforce over the next two decades. "States hold the key to the next phase of higher education reform in India," he said at a CII event here. The CEA also stressed on addressing shortage of teachers urgently through mechanisms such as professors of practice and also improving the quality of education. "Whether this demographic dividend becomes a growth accelerator or a social strain will depend in large measure on the quality, relevance and adaptability of our higher education system," he said. Nageswaran further said that other key priorities for states include a shift from control to stewardship, moving from input-based to outcome-based regulation, adopting an entrepreneurial approach in public administration, and financing institutions based on differentiated roles and outcomes. "India being a demographic and economic inflection point, over the next two decades, millions of young Indians will enter the working age population," he said. "Whether this demographic dividend becomes a growth accelerator or a social strain will depend in large measure on the quality, relevance and adaptability of our higher education system. The policy groundwork has already been laid. The national education policy (NEP) has opened doors. Regulatory thinking is evolving. What is now required is execution, institutional courage and cooperative federalism," he said. The CEA also called for deeper industry engagement in curriculum design, research, and governance. "Industry can co-design curricula, offer credit-bearing internships, support applied research, share infrastructure, and participate meaningfully in governance," he said, adding that collaboration between government, states, industry, and citizens can help India move from scale to leadership and emerge as a global hub for learning, research and ideas.
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Bengaluru -- Snowflake, the AI Data Cloud company, announced its collaboration with ICT Academy to scale the Snowflake Academia Program in India, a comprehensive initiative designed to equip educators and students with direct access to data and Artificial Intelligence (AI) technologies. At the core of this initiative is faculty enablement, equipping educators with knowledge, curriculum, and free access to Snowflake Platform, Snowflake technical foundations, and advanced courses such as data engineering and the latest AI-related programs to train their students effectively. Through this engagem ...Read More >
With uncertainty becoming a defining feature of the global landscape, the role of banks has become much more critical not just as custodians of savings but also as engines of growth, Finance Minister Nirmala Sitharaman said on Thursday. She noted that financial institutions play a crucial role in national infrastructure building and banks must maintain strong balance sheets to fund significant investments, meet the demand for credit, and provide innovative financial products and capital expenditu ...Read More >
Bengaluru, Dec 11 (PTI) The National Law School of India University, which has pioneered and developed an integrated five-year BA LLB (honours) degree that transformed Indian legal education, has now come up with a three-year (honours) BA course with an option of an additional fourth year. The first cohort of the programme will be admitted in July 2025, the NLSIU said. "We are looking to develop something that is responsive to 2025, but is completely different," the NLSIU Vice Chancellor Sudhir Krishnaswamy said at the launch of the programme. He said the university will teach the social sc ...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 >
New Delhi, Jul 13 (PTI) BITS Pilani, an Institution of Eminence, will invest over Rs 2,200 crore on expansion, including an 'AI+ Campus' at Amaravati in Andhra Pradesh, its Chancellor and industrialist Kumar Mangalam Birla said on Sunday. The investment will be made over a period of five years. In his address at the 2025 convocation of the institution, Birla reaffirmed BITS Pilani's "commitment to nation-building with three transformative initiatives", as "India aspires to become a 10 trillion dollar economy and a knowledge superpower". Elaborating, he said the first is 'Project Vistaar' of ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
Jammu : The Indian Institute of Management (IIM) Jammu stands at a luminous crossroads in its journey -- one defined by ambition, perseverance, and a resounding affirmation of its rising stature. In what can only be described as a golden chapter in the Institute's evolution, IIM Jammu has accomplished a feat few in the nation can claim: the rare distinction of securing not one, but two of the most coveted international accreditations -- BGA and EFMD Accreditation for MBA program -- within a single remarkable year. These accolades speak volumes of the Institute's steadfast commitment to academ ...Read More >
Agartala (Tripura) [India], June 5 (ANI): Tripura Chief Minister Manik Saha said that the state government is prioritising quality education for students, and quality teachers are being recruited through the Teacher Eligibility Test (TET). Saha also informed that more recruitments will be made in the future. Also Read | Centre Notifies Waqf Management Rules 2025; Portal, Database, Audit of Waqf Properties. "Textbook education can never be the standard of life. One can become morally strong through education. Along with education, children should also be engaged in social work," he said. CM ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
The gathering served as a strategic platform to deliberate on the future of IITs and their central role in driving Atmanirbhar Bharat (self-reliant India) and Viksit Bharat 2047. The 56th Meeting of the Council of Indian Institutes of Technology (IITs) was convened at IIT Delhi, chaired by Union Minister of Education Shri Dharmendra Pradhan, with participation from Ministers, policymakers, industry leaders, IIT directors, and global experts. The gathering served as a strategic platform to delibe ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that in today's globally uncertain environment, the role of banks becomes even more significant; not just ...Read More >
Bengaluru (Karnataka) [India], September 30: As India accelerates its digital transformation, the demand for skilled professionals in AI and data analytics is surging. The skills gap continues to widen, and without swift, strategic intervention, industries risk falling behind. Academic-industry partnerships are now critical to equipping the workforce with the right capabilities to navigate a data-driven future. In response to this need of the hour, SAS, a global leader in Data and AI, has announced a strategic academic collaboration with S-VYASA University, School of Advanced Studies. The part ...Read More >
Karan Patel, founder of Redfox Cybersecurity Pvt. Ltd., joins the board of Fairfield by Marriott Mumbai Andheri West. His diverse expertise exemplifies a strategic approach to entrepreneurship, navigating multiple sectors. Patel's leadership, coupled with the team's varied skills, positions the hotel as a hub for hospitality excellence. In India's entrepreneurial ecosystem, Karan Patel stands out for his pursuit of excellence across sectors. As the founder of Redfox Cybersecurity Pvt. Ltd., and ...Read More >
NEW DELHI: In a major push to position India as a global hub for traditional medicine and holistic wellness, the Government of India has launched 'Ayush Nivesh Saarthi', a dedicated investor facilitation portal for the Ayush sector. The digital platform was unveiled on May 29, 2025, during the Ayush Stakeholder and Industry Interaction Meet at Vanijya Bhawan, New Delhi. The portal was jointly launched by Commerce & Industry Minister Piyush Goyal and Ayush Minister Prataprao Jadhav, in the presence of senior government officials and global industry leaders including Ayush Secretary Vaidya Raje ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Bhopal - In a transformative move set to redefine the future of education in India, Scope Global Skills University (SGSU), Bhopal, has announced the launch of its "AI First Campus" and a comprehensive "AI Action Plan." As Central India's first NEP and NSQF-aligned skills university, SGSU is committed to embedding artificial intelligence (AI) deeply into every aspect of higher education, from academic programs and faculty development to student engagement and industry collaboration. These new initiatives are part of the university's mission to lead the charge in AI-powered learning and to esta ...Read More >
New Delhi: The vice chancellor of Dr B R Ambedkar University Delhi (AUD), Anu Singh Lather, has said the institution is deliberately avoiding the term Indian Knowledge System in favour of the 'Bharatiya Knowledge System' as "India is a foreign word". Asserting its cultural identity and academic autonomy, the university's choice of terminology reflects a deeper philosophical and historical consciousness, according to Lather. "The word India itself is foreign to all of us," she said during an interview with PTI. Lather said the AUD has recently approved 54 compulsory BKS courses that will be ...Read More >
New Delhi: Nearly half of the students surveyed in Delhi's higher education institutions use Artificial Intelligence tools several times a week, with 23% reporting daily use and 21% using them several times a month. AI was used most frequently for research, with 84% saying they rely on AI for academic purposes, followed by writing at 76% and learning complex subjects at 68%.However, barriers to adoption remain significant, with 47% attributing limited AI use to lack of awareness and 45% citing limited knowledge on how to use them effectively. The findings are part of a new study by the Centre ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
New Delhi [India], September 15 (ANI): The All India Council for Technical Education (AICTE) marked Engineers' Day with the launch of three new initiatives aimed at transforming India's technical education ecosystem. Dr Vineet Joshi, Secretary, Higher Education, Government of India, officially launched Project PRACTICE (Project for Advancing Critical Thinking, Industry Connect and Employability), the AICTE Research Internship (ARI) Portal, and the AICTE R&D Cell and Climate Cell in all approved institutions, in the presence of Prof T G Sitharam, Chairman, AICTE, Vice Chairman Dr Abhay Jere, Me ...Read More >
"Currently, there are around 800 medical device manufacturers in the country, and India's annual growth of the Medtech sector is 15 to 20 per cent," said Singh. Image: ANI India's pharma exports, currently valued at nearly USD 27.8 billion, are expected to cross $30 billion by the year-end, said Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Tuesday. Singh stated that India's domestic pharma market is $60 billion, but is expected to double, that is, $13 ...Read More >
Nagpur/Riddhapur: In a landmark step for regional pride and linguistic scholarship, the world's first Marathi Language University commenced admissions for the 2025 academic session on July 1 in Riddhapur, a historic village in Amravati district. The event marked a significant cultural and academic development for Maharashtra and the broader Marathi-speaking community. Dr Avinash Awalgaonkar assumed office as the university's first vice-chancellor felicitated by Mahant Karanjekar Baba, the newly elected Akhil Bharatiya Mahanubhav Parishad president."The establishment of this university comes at ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Mumbai (Maharashtra) [India], July 15 (ANI): Indian Institute of Creative Technologies (IICT) will open admissions for its first batch of students starting this August, giving a major boost to India digital and creative economy sector. The institute will offer a robust portfolio of industry-driven courses in the AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) sector. The institute, which was announced by Union Minister for Information & Broadcasting, Ashwini Vaishnaw, at World Audio Visual Entertainment Summit (WAVES) in May 2025, is backed by prestigious global par ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Education technology firm PhysicsWallah (PW) on Wednesday announced that it has signed a memorandum of understanding (MoU) with IDP Education India, the co-owner of the International English Language Testing System (IELTS), to expand global learning opportunities for its students. Under this collaboration, PW students will gain access to the IELTS curriculum along with a range of support mechanisms, including awareness sessions, seminars, boot camps, and expert-led masterclasses. The partnership ...Read More >
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The Department of Biotechnology is creating regional innovation hubs and 'Bio E3 Cells' to build a stronger national bioeconomy through local partnerships The Indian government is launching a major push to build regional biotechnology ecosystems by mapping state-specific strengths and establishing new innovation hubs. Union Minister Jitendra Singh announced the initiative during a review of the Department of Biotechnology (DBT), emphasising the need for greater state involvement in biotech devel ...Read More >
New Delhi, Jul 14 (PTI) About one in every five women in the WHO Southeast Asia Region, including India, are covered under a health insurance, a study published in The Lancet Regional Health Southeast Asia has estimated. One in eight women in the region -- defined by the World Health Organization (WHO) -- were enrolled in social security schemes. At the same time, only one in thirteen had privately purchased or commercial insurance, the analysis reveals. The 'WHO Southeast Asia Region' includes India, among other countries such as Bangladesh, Myanmar and Indonesia. Researchers from Health S ...Read More >