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: The Department of Commerce, under the Ministry of Commerce & Industry, convened a high-level stakeholder consultation to address the impact of the emerging geopolitical situation on India's export-import (EXIM) cargo and strengthen the export ecosystem. Stakeholders discussed the evolving operational environment, including changes in global shipping routes, transit timelines, vessel scheduling, container availability, freight and insurance costs and the impact on time-sensitive exports. The Centre emphasised that ensuring uninterrupted EXIM logistics remains a top priority. The focus will be on maintaining predictability in cargo movement, minimising delays and ensuring smooth documentation and payment processes for exporters and importers. Officials also emphasised the need to protect exporter interests, particularly the Ministry of Micro, Small and Medium Enterprises (MSME)s of India, while ensuring that essential imports required for domestic production and consumption are not adversely affected.
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
New Delhi: With 15 million registered taxpayers and robust growth in the revenue receipts, the Goods and Services Tax (GST) ecosystem is continuing to evolve with a focus on ease of doing business, better compliance and wider economic participation, the finance ministry said on Monday as the indirect tax system completed eight years. Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago and micro, small and medium enterprises are finding easier access to credit, the ministry said. In FY21, the combined Central and state GST revenue coll ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, new-age tech companies raised more than $151 billion in funding. Startups raised the highest funding ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi [India], June 27 (ANI): Union Minister for Commerce and Industry Piyush Goyal held a stakeholder consultation meeting with representatives from the MSME sector to discuss the implementation of Quality Control Orders (QCOs). The meeting focused on making the standard-setting process more inclusive, collaborative, and easier for small businesses to comply with. In a social media post, the Minister shared that he appreciated the valuable feedback received from the MSME stakeholders. He stated, 'Held a stakeholder consultation meeting with the MSME sector to discuss the implementation ...Read More >
Ahmedabad: On the occasion of the 25th MSME Day, Entrepreneurship Development Institute of India (EDII), Ahmedabad, celebrated the resilience and entrepreneurial spirit of India's Micro, Small, and Medium Enterprises, acknowledging their role as key drivers of grassroots development and national progress by organising 'MSME Talk' at its campus. The highlight of the day was the 'MSME Talk' delivered by Shri R.D. Barhat, Joint Commissioner of Industries, Government of Gujarat, on the theme: 'Treading a Sustainable Growth Path for MSMEs Amidst Changing Business Dynamics.' Also present on the occ ...Read More >
New Delhi : As India gears up to celebrate National Logistics Day on June 28, the 5th RailTrans Expo 2025, organized by the Indian Chamber of Commerce (ICC), continued with renewed energy and insight. Day 2 of the Expo witnessed a high-impact plenary session titled "Unifying Corridors & Smart Logistics for Sustainable Infrastructure", aligning with the central theme 'Logistics 360 for Viksit Bharat'. The session brought together a powerhouse panel of senior policymakers, logistics leaders, and academicians, reflecting a shared vision to build a unified, tech-enabled, and future-ready logistic ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Vastu Housing has raised $100 million from the global consumer internet group Prosus. The Amsterdam-based investor has acquired an 8.4% stake (7.8% fully diluted) in the home finance company. Vastu Housing Finance is a prominent player in the affordable housing finance sector, focusing on underserved communities. In September, Vastu received a $50 million loan from the United States International Development Finance Corporation (USDFC). Housing finance companies have attracted significant funding in recent months. Recently, Easy Home Finance raised $35 million in a fresh funding round led by ...Read More >
New Delhi [India], June 29 (ANI): As high as 82 per cent of micro and medium retailers want to adopt digital streams to boost their sales, but offline marketplaces remain their preferred channel, showing their strength. According to a survey report by the global technology firm Zoho Corporation, six out of ten Micro, Small and Medium Enterprises (MSMEs) stated that they have adopted an omnichannel selling strategy, operating in both online and offline channels, with the majority (75 per cent) of them claiming this expands their reach and customer accessibility; 68 per cent of retailers report ...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: Boasting of digital growth in India's largest public sector bank State Bank of India (SBI), Union finance minister on Tuesday said that digital transformation undertaken by SBI in the last decade has been immensely beneficial to its customers. Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the bank will continue to innovate and empower as India continues its journey towards 'Viksit Bharat' by 2047. "With over 23,000 branches, 78,000 customer service points (CSPs) and 64,000 ATMs, SBI's footprint today is formidable and it is truly the ba ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Prime Minister Narendra Modi on Tuesday said that eight years have passed since GST was introduced, and it stands out as a landmark reform that has reshaped India's economic landscape. "By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises", PM Modi stated. "GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India's market," the Prime Minister said in a statement on ...Read More >
Balaji Govindarajan is a seasoned professional with over 20 years of extensive experience in the insurance domain, particularly focusing on Property and Casualty Insurance. His expertise encompasses planning and executing large-scale end-to-end testing, integration projects, and legacy system migration. He has successfully led numerous initiatives that enhance operational efficiency and compliance with industry standards. Balaji's experience encompasses functional and automation testing of critical applications such as Policypro, Duck Creek, Guidewire and various policy administration and bil ...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 >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels. The portfolio ...Read More >
New Delhi [India], February 10 (ANI): A Memorandum of Understanding (MoU) on cooperation in logistics and infrastructure development between the Department for Promotion of Industry and Internal Trade (DPIIT) and the Korea Transport Institute (KoTI), Republic of Korea (RoK) was signed on Monday at the Sejong National Research Complex, South Korea. The arrangement was signed by Youngchan Kim, President of KOTI, and Amit Kumar, Ambassador of India to the Republic of Korea. The MoU will enhance cooperation in logistics and infrastructure development, leveraging KOTI's expertise to support India ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC with the Reserve Bank of India (RBI). As a sector-specific NBFC, the SMFCL is uniquely poised to br ...Read More >
New Delhi, July 02: The Union Ministry of Road Transport and Highways has announced a comprehensive overhaul of cab and bike aggregator operations in India through the Motor Vehicle Aggregator Guidelines 2025. These new rules apply to companies like Ola, Uber, and Rapido, and are aimed at improving transparency in pricing, enhancing passenger safety, protecting driver rights, and introducing accountability measures for both riders and service providers. One of the most significant changes is that the government has allowed the use of private motorcycles for passenger rides, subject to approva ...Read More >
Union Secretary for Electronics and Information Technology (IT) S. Krishnan said on Monday (December 9, 2024) that as India's Internet grows further, investments in reliability would be required. "Yesterday, I was walking through Old Delhi, and if you look up and see the kind of cables carried along the sides of the roads, along the streetlights and lampposts, you wonder, is this what we are relying on?" he said, adding, "It's worse than a spaghetti bowl of cables." Mr. Krishnan said the Interne ...Read More >
New Delhi, Feb 5 (PTI) The Insolvency and Bankruptcy Board of India has amended rules to allow distressed homebuyers to take possession of their properties while the resolution process is ongoing. The amendments, notified on February 3, and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects, by introducing measures such as appointing facilitators, involving land authorities in the process, and ensuring better monitoring of resolution plans, according to an official release. Also Read | TS TET Result 2025 Declared at tstet2024.apt ...Read More >
New Delhi [India], June 7 (ANI): The Ministry of Statistics and Programme Implementation (MoSPI), in partnership with NITI Aayog and the World Bank as a knowledge partner, organised a two-day National Workshop entitled "Using Alternate Data Sources and Frontier Technologies for Policy Making." This event took place at Bharat Mandapam in New Delhi on June 5 and 6. The National Workshop concluded with a Valedictory Session on 6 June. Also Read | UK Foreign Secretary David Lammy Meets PM Narendra Modi, Expresses Support for India's Fight Against Cross Border Terrorism (See Pics). According to ...Read More >