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: National Payments Corporation of India (NPCI) on Monday said that 'UPI One World' wallet services will be available for international visitors attending the ongoing five-day India AI Impact Summit. Through this pilot initiative, inbound foreign travellers will be able to make secure and real-time Person-to-Merchant (P2M) UPI payments during their visit to India.Visitors can use the wallet service without an Indian mobile number or bank account."The 'UPI One World' wallet is available through authorised PPI issuers at New Delhi International Airport and at the NPCI Pavilion (Hall 14, Stall number 14.16) in Bharat Mandapam," NPCI said in a statement.Travellers can load the wallet using various payment methods and make transactions by scanning UPI QR codes via the PPI-UPI application.This eliminates the need to carry cash or manage foreign exchange complexities.Any unused balance can be transferred back to the original payment source as per foreign exchange regulations, the statement added.The AI Impact Summit 2026 is being hosted from February 16 to 20 at the Bharat Mandapam complex in Delhi, where the G-20 Summit was held in 2023.Global tech leaders Sundar Pichai and Sam Altman, and leaders of about 20 countries, including Brazil and France, are among those from about 100 countries expected to attend the AI Impact Summit.
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
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 >
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...Read More >
Bengaluru : India's digital commerce landscape is undergoing a seismic transformation, driven by deep rural internet penetration, explosive growth in Direct-to-Consumer (D2C) brands, and the rapid adoption of Artificial Intelligence (AI) in the retail sector. According to the Made for Bharat, Powered by AI: The New Age of Commerce Report by Shiprocket and KPMG, with 886 million active internet users 55% from rural India and UPI accounting for 84% of all retail digital payments, Bharat is not just catching up; it's driving the change. The report was launched today at Shiprocket's flagship comme ...Read More >
New Delhi [India], June 5 (ANI): External Affairs Minister S Jaishankar, in the presence of leaders of Central Asian countries, touched upon various business opportunities and complementarities between these respective economies on Thursday. Jaishankar suggested a few areas where India and Central Asian countries should collaborate to improve their economies. Jaishankar noted that India's trade and economic ties with Central Asia have actually shown a very strong positive trend over the last decade. However, he has also said that the trade figures do not reflect the full potential. Given th ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Prime Minister Narendra Modi will undertake a five-nation visit starting July 2, visiting Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia, the Ministry of External Affairs (MEA) announced on Friday. In the first leg of his visit, PM Modi will visit Ghana (July 2-3) which will be Prime Minister's first ever bilateral visit to Ghana. This Prime Ministerial visit from India to Ghana is taking place after three decades. During the visit, Prime Minister will hold talks with the President of Ghana to review the strong bilateral partnership and discuss ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and receiving money via mobile numbers or self-QR codes. Industry research indicates that there were over 24 crore feature pho ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and rece ...Read More >
NEW DELHI: Fairfax Financial Holdings on Thursday named former civil servant Amitabh Kant as a senior advisor. Kant, who recently stepped down as India's G20 sherpa, will help Fairfax India pursue its plans in the country."Amitabh has outstanding experience in many of the key areas that India intends to grow significantly in coming years, but what we really value is his high integrity and alignment with the values of Fairfax. We look forward to working with him to further enhance Fairfax's long-term objectives, delivering lasting value for our investors and stakeholders, while upholding our co ...Read More >
New Delhi, July 8: Prime Minister Narendra Modi at the Rio 2025 BRICS Summit highlighted India's approach towards key issues like climate change and health security as the country is set to chair BRICS next year, emphasising that under India's presidency, it will endeavour to present BRICS in a new form with a 'humanity-first' approach. After wrapping up a "very productive" visit to Rio de Janeiro where PM Modi attended the 17th BRICS Summit, the Prime Minister on Monday arrived in the Brazilian capital of Brasilia where he is expected to hold talks on India-Brazil relations with President Lu ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its path to becoming a $5 trillion economy and advances towards its Net Zero commitments, the power sect ...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 >
Ratnagiri, July 1 ( UNI) The first Artificial Intelligence-powered agricultural e-library in Maharashtra has been launched at Sharadchandraji Pawar College of Agriculture, Kharvate-Dahivali. The web portal of the library was inaugurated in the presence of Chiplun Sangameshwar MLA Shekhar Nikam and the college's principal Dr Sunitkumar Patil today. With a single click, the platform aims to provide detailed information about crops, ornamental plants, flowers, fruits and vegetables to students through mobile phones. The experiment was carried out through the concept of Prof Prashant Pawar and f ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transactions to UPI or Unified Payments Interface since its launch in 2016. Unified Payments Interface is ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
Bengaluru: Wipro's revenue declined by 2.3% in constant currency during the June quarter, though the drop remained within its projected guidance range of -3.5% to -1.5%."We started the quarter facing significant macro uncertainty, which kept overall demand muted. Our clients prioritised initiatives with immediate impact, focusing on cost optimisation and vendor consolidation. At the same time, they accelerated their AI, data, and modernisation programs. We saw a clear trend of many AI projects moving to scale and production," said Wipro CEO Srini Pallia.Operating margins fell to 17.3% in the J ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
New Delhi [India], June 27: OPPO India's recently launched smartphone , the OPPO K13x 5G - toughest 5G smartphone in its segment--is ready to go on sale starting today on the OPPO e-store and Flipkart from 12 PM onwards. Available in two stunning finishes--Midnight Violet and Sunset Peach--the K13x doesn't just survive tough conditions, it stands out with style. It's a device that blends world-class engineering with local manufacturing strength to redefine what's possible under ₹15,000. Durable, dependable, and designed to dazzle--the K13x is built for your grind and styled for your vibe. Als ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
New Delhi: Leading industry body Confederation of Indian Industries (CII) on Thursday said that the Indian economy is expected to grow between 6.4 to 6.7 per cent. Highlighting the magnitude of the current unprecedented geopolitical global shocks, it has also said that India continues to lead as the world's fastest-growing major economy amidst global flux. Besides, the industry body is also hopeful that there will be a balanced and reasonable free trade agreement (FTA) between India and the US in the initial phase. "Indian economy is expected to grow by 6.4-6.7 per cent during the current fin ...Read More >
From Lucknow To Stars: 5 Lesser-Known Facts About Shubhanshu Shukla - 1st Indian On International Space Station The Central Industrial Security Force (CISF) took a significant initiative by recently hosting a high-level workshop that brought together all the key players in civil aviation and VIP security to enhance safety and improve the passenger experience for everyone. The "Functional Workshop of Airport Sector," held at CISF's Airport Sector Headquarters on June 27, 2025, saw top CISF offic ...Read More >
New Delhi, June 30 (UNI) With India set to hold the chair of BRICS next year, Prime Minister Narendra Modi's upcoming visit to Rio De Janeiro, Brazil for the 17th BRICS Summit, holds even more significance. The BRICS Summit is taking place on July 6 and 7. Prime Minister Modi will arrive in Brazil the July 5 evening, to attend the main programme, which is on July 6. The theme of the Rio Summit is Strengthening Global South Cooperation for Inclusive and Sustainable Governance. The program on July 6 includes the first agenda item, the Reform of the Global Governance, where only the full BRICS ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Bengaluru (Karnataka) [India], July 10: NimbleEdge, the on-device AI platform built for performance, privacy, and portability, today announced the global launch of its on-device agentic AI platform 'DeliteAI'. It is the first open-source infrastructure that enables developers to build, deploy, and run fully customized AI-native experiences directly on smartphones without relying on the cloud. Also Read | Sex Racket Busted in Pune: Police Raid 3 Spas in Baner, Viman Nagar and Dhanori; 23 Women Rescued Including Foreign Nationals and Minors (Watch Video). With the launch of DeliteAI, NimbleEdg ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
Traders have announced a three-day protest plan. On 23rd July, milk sales will be suspended. Gutka and cigarette sales will be halted on 24th July, and Full closure of bakeries, condiment shops and petty stores will be on 25th June. On 25th July, Bengaluru is set to see a city-wide bandh. Thousands of small business owners are set to protest against GST notices issued by the Karnataka Commercial Taxes Department. The notices target businesses that accepted digital payments exceeding GST registration thresholds, sparking fears of financial ruin and a rapid shift back to cash transactions in In ...Read More >
New Delhi, July 18 (SocialNews.XYZ) In a significant development in the global AI race, Aravind Srinivas-led Perplexity AI has surpassed OpenAI's ChatGPT to take the top spot among free apps on the Apple App Store. The abrupt surge follows a strategic alliance with telecom operator Airtel, which now provides its customers with free access to the premium Perplexity Pro subscription, which costs Rs 17,000 a year. Access to several state-of-the-art AI models, such as GPT-4.1, Claude, Grok 4, and image generation tools, is made possible by Perplexity Pro. Additionally, it gives non-paying users ...Read More >
Thane, June 8: A 46-year-old woman from Navi Mumbai in Maharashtra has allegedly been cheated of Rs 49.59 lakh fraudsters, including one posing as a customs officer, under the pretext of sending her a "gift" from abroad, police said on Sunday. The fraud took place between June and August 2024 but came to light after the victim, resident of Airoli in Navi Mumbai, lodged a complaint on Friday at the Rabale police station, an official said. A person claiming to be from the United Kingdom had approached the victim on the Instagram social media app. After establishing a friendly rapport, he promis ...Read More >
The airline said its crew reacted swiftly to de-escalate the situation, moving the affected passenger to the business class. Air India on June 28 reported an incident of unruly behaviour involving two passengers aboard flight AI 454 flying from Amritsar to Delhi, leading to the intervention of cabin crew and airport security. The mid-air fight began just before landing, when the crew witnessed two passengers in a verbal altercation. "During cabin preparations for landing, a member of our cabin ...Read More >