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.
Banks use locker scarcity to pressure customers into investments. A customer at a private bank walked in to request a locker, a fairly routine banking need. He was ready to meet the formal requirements, including maintaining a fixed deposit linked to the locker. But instead of a simple application process, he was given a choice. Buy a ULIP worth around Rs 1 lakh. Or take a term insurance policy of about Rs 40,000. Only then, he was told, could his locker request be considered. The customer (w
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Congress MP Ranjeet Ranjan has called for the replacement of Electronic Voting Machines (EVMs) with ballot papers, citing concerns over the legitimacy of election results. Ranjan raised doubts about the EVM's accuracy, suggesting that the results may be influenced and advocating for a ballot paper system like many other countries. Congress President Mallikarjun Kharge also echoed similar sentiments, accusing EVMs of wasting votes from marginalized communities. This comes after the Congress' defeat in the Maharashtra Assembly election. The Supreme Court, however, dismissed a petition seeking th ...Read More >
Mr. Rana's daughter-in-law, Sumbul Rana, had contested the Meerapur Assembly by-election as a Samajwadi Party candidate but was defeated by BJP's Mithlesh Pal Former Member of Parliament Kadir Rana was granted bail in two separate cases of alleged violation of the Model Code of Conduct during the Meerapur Assembly by-election, his lawyer said. Mr. Rana appeared before the Special MP/MLA Court in Muzaffarnagar on Wednesday (November 27, 2024) where the presiding officer, Devender Singh Fauzdar, approved his bail plea after he furnished a surety bond of ₹25,000 for each case. Mr. Rana, along ...Read More >
The Congress leadership was aware it was losing ground to the ruling Mahayuti following the gains made during the Lok Sabha elections in Maharashtra, several party leaders privy to an internal survey less than a month ahead of the November 20 elections have said, adding that the outcome shouldn't exactly come as a shock. As per a report in The Indian Express, several party leaders it spoke to admitted that a survey conducted in 103 "strong MVA seats" showed the Maha Vikas Aghadi ahead in only 44 seats out of 54 it was ahead in during the Lok Sabha elections. On the contrary, the Mahayuti, wh ...Read More >
The financial repercussions of Parliament disruptions are considerable, impacting both public resources and the productivity of the nation's legislative process. However, both the Lok Sabha and Rajya Sabha have cumulatively functioned for merely 2 hours, with daily disruptions and sloganeering resulting in adjournments. The Rajya Sabha faced disruptions today (December 2) as Vice Chairman Jagdeep Dhankhar expressed discontent over sloganeering by Opposition MPs. The protests, which centered around demands for discussions on key issues, forced the Vice Chairman to adjourn the session until 12 ...Read More >
Bhubaneswar, Dec 3 (PTI) Odisha MLAs across party lines on Tuesday demanded an increase in their salaries and enhanced pensions for former lawmakers. The issue was raised during Zero Hour by Opposition chief whip Pramila Mallik, supported by members from both Congress and BJP. Mallik emphasised the need to increase the pension of former MLAs, saying they were struggling to manage due to rising market prices and medical expenses. She pointed out that a committee formed by the previous government had already submitted a report recommending an increase in the salary of MLAs to Rs 2.5 lakh per ...Read More >
Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >
New Delhi, Nov 26: The Supreme Court on Tuesday dismissed a public interest litigation (PIL) seeking directions to the Election Commission of India (ECI) to introduce ballot paper in place of EVMs (Electronic Voting Machines). A bench of Justices Vikram Nath and P.B. Varale rejected the prayer to return to the ballot system due to the alleged manipulability of EVMs. "When you lose, EVMs are tampered with; when you win, EVMs are fine," remarked the apex court, when the petitioner referred to the statements made by Andhra Pradesh Chief Minister Chandrababu Naidu and his predecessor Jagan Mohan ...Read More >
Proceedings in both houses of the Parliament came to halt on Wednesday amid protests by Oppostion members over the Adani Bribery controversy, recent violence in Sambhal in Uttar Pradesh and other issues. Lok Sabha proceedings were initially adjourned until 12 noon and later until Thursday, as Opposition members, including those from Congress, protested and sought to raise various issues at the start of the session. Some members from the Congress and Samajwadi Party were in the Well while other Opposition members stood in the aisle and shouted slogans. The Opposition members wanted to discus ...Read More >
The Maha Vikas Aghadi (MVA) coalition is now gearing up for a national protest after losing Maharashtra state elections. The Maha Vikas Aghadi (MVA) coalition, which suffered a crushing defeat in last week's Maharashtra state elections, is now gearing up for a national protest against the credibility of Electronic Voting Machines (EVMs), which it blames for its loss. The MVA, led by the Congress, Shiv Sena (Uddhav Thackeray faction), and the Nationalist Congress Party (NCP) (led by Sharad Pawar), is planning to challenge the use of EVMs in court and demand a return to ballot paper voting. Fo ...Read More >
Guwahati: A group of intellectuals and prominent citizens met the officials of the Bangladesh Assistant High Commission in Agartala and demanded the immediate release of Hindu priest Chinmoy Krishna Das Brahmachari in Bangladesh. Various other organisations also organised protest rallies and demonstrations against the arrest of Hindu priest Chinmoy Krishna Das Brahmachari. The intellectuals under the banner of 'Forum for Protection of Minorities in Bangladesh' urged the Bangladesh caretaker government led by Chief Adviser Muhammad Yunus to make all efforts to protect the minorities in Bangla ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
NEW DELHI: The Uttar Pradesh administration has imposed restrictions on the entry of outsiders into violence-hit Sambhal until December 10, with officials urging leader of opposition in Lok Sabha, Rahul Gandhi to reconsider his planned visit on Wednesday. Moradabad divisional commissioner Aunjaneya Kumar Singh said there is a need for calm in the region, and that "any provocation could escalate the situation" in the district. "The situation in Sambhal is normal right now, but tensions persist," Singh said. "The District Magistrate has banned the entry of people from outside until 10 December ...Read More >
The Minister for Information, Communication, Technology and National Guidance, Hon. Chris Baryomunsi has unveiled government plans to extend internet connectivity to all sub-counties through a loan acquired from the Exim Bank of China. Baryomunsi said that with the US$150 million, government will go beyond its ministries, departments, agencies (MDAs) and district headquarters) to connect all sub-counties to the National Backbone Infrastructure (NBI). "This is vital for ensuring that all regions benefit from the digital economy. Last mile connectivity, the final segment connecting the NBI to ...Read More >
NEW DELHI: Lok Sabha and Rajya Sabha proceedings were adjourned till 12 noon on Monday amid protests by opposition members over the Adani indictment row, recent violence in Uttar Pradesh's Sambhal and other issues. As soon as the lower House met after the weekend break, many opposition members, including those from the Congress, were on their feet, raising the indictment of industrialist Gautam Adani in a US court on bribery charges, among other issues. Some members were in the Well of the House while other opposition members stood in the aisle and raised slogans. Speaker Om Birla asked the ...Read More >
NEW DELHI: A political slugfest erupted after Leader of Opposition Rahul Gandhi was stopped from visiting violence-hit Sambhal in Uttar Pradesh, with the BJP accusing the Congress leader of attempting to incite communal tensions. BJP leaders criticised Gandhi's visit as a desperate political move, driven by competition with the Samajwadi Party (SP) to reclaim vote banks. Meanwhile, Congress leaders, including Priyanka Gandhi Vadra, slammed the government's actions as undemocratic and an assault on constitutional rights. BJP spokesperson Dr Sudhanshu Trivedi described the visit as a "sign of h ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >
New Delhi, Nov 26 (UNI) Congress president Mallikarjun Kharge, Leader of Opposition in Lok Sabha Rahul Gandhi, and party general secretary Priyanka Gandhi Vadra on Tuesday greeted the people on the occasion of 75th Constitution Day. On social media handle X, Kharge said, "The Constitution of India, painstakingly and carefully drafted by our foremothers and forefathers, is the lifeblood of our nation. It guarantees us social, economic and political rights. It constitutes India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC". He said, "Justice, Liberty, Equality and Fraternity are not ...Read More >
Srinagar (Jammu and Kashmir) [India], December 2 (ANI): Jammu and Kashmir National Conference (JKNC) President Farooq Abdullah claimed that Muslims are feeling unsafe and stated that there is no discrimination based on religion, as guaranteed by the Constitution. The former Chief Minister of Jammu and Kashmir also said that the government should treat Muslims without any discrimination. "...There is no doubt that Muslims are feeling unsafe. I will ask the govt of India to stop that. 24 crore Muslims cannot be thrown into the ocean. They (the govt) should treat Muslims equally, there is no di ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
New Delhi, Dec 3 (PTI) The Shahi Imam of Delhi's Jama Masjid on Tuesday described as "reprehensible" the alleged mistreatment of Hindu minorities in Bangladesh and asked that country's interim government to take immediate steps to prevent such acts. India has been expressing concerns over attacks on minorities, especially Hindus, in Bangladesh, since Sheikh Hasina's resignation as prime minister in August following months-long students-led protests. Also Read | Rahul Gandhi To Visit Sambhal: DM Requests Neighbouring Districts To Restrict Congress Leader's Proposed Visit to Violence-Hit Town. ...Read More >
Sambhal (Uttar Pradesh) [India], December 3 (ANI): Sambhal District Magistrate Rajendra Pensiya on Tuesday wrote to the officers of neighbouring districts--Bulandshahr, Amroha, Ghaziabad, and Gautam Buddha Nagar--requesting them to stop Lok Sabha Leader of Opposition Rahul Gandhi at their district borders. The Sambhal DM addressed the letter to the Police Commissioners of Gautam Buddha Nagar and Ghaziabad, along with the Superintendents of Police (SP) of Amroha and Bulandshahr. "On November 24, a remaining survey was conducted, following which members of the Muslim community staged massive p ...Read More >
New Delhi, December 4: Shashi Tharoor on Wednesday shared an "extraordinary experience" at his home when a monkey ran towards him, hugged him and after being treated to a couple of bananas, rest his head on the Congress MP's chest and dozed off. Tharoor put out pictures from this unusual encounter on X and went on to narrate the incident that left many users of the platform bemused. "Had an extraordinary experience today. While I was sitting in the garden, reading my morning newspapers, a monkey wandered in, headed straight for me and parked himself on my lap. He hungrily ate a couple of bana ...Read More >
Campaigning for the November 20 assembly bypolls to four seats in Punjab ended on Monday evening with the ruling Aam Aadmi Party (AAP), Opposition Congress and the Bharatiya Janata Party making last-ditch efforts to mobilise support for their respective candidates. Hours before the campaign ended at 6 pm, major political outfits intensified their efforts to woo the voters. Bypolls to four assembly segments -- Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala -- will be held on November 20 from 7 am to 6 pm, and the results will be out on November 23. The bypolls were necessitated afte ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
India's BFSI sector is rapidly evolving with digital transformation, creating new opportunities for the youth to merge financial knowledge with tech skills. As automation, AI, blockchain, and big data reshape the industry, India’s young workforce must be equipped with specialized skills to stay competitive. Roles in data analysis, AI, and cybersecurity are growing, and companies that invest in technology and upskilling will lead the market. While government programs aim to bridge the skills gap, a collaborative approach with educational institutions and financial organizations is key to ensuri ...Read More >
Gurugram, Dec 3 (PTI) Gurugram Police nabbed two inter-state criminals after a brief encounter, they said. Police chased the accused when they were allegedly fleeing after stealing jewelleries from a house in the Palam Vihar area in their car on Monday night. During cross firing, both the accused were injured by bullet shots in their legs, and have been admitted to the hospital for treatment, they added. Also Read | Congress Delegation Flags 2 'Grave Inconsistencies' in Maharashtra Assembly Elections, Seeks Raw Data From EC. More than four dozen cases related to theft, robbery and illegal w ...Read More >
New Delhi, Dec 4 (PTI) With funds under the flagship MGNREGS stalled for West Bengal for more than two years now, Rural Development Minister Shivraj Singh Chouhan on Wednesday said the Centre is not discriminating against the state, which he blamed for not complying with the Union government's directives. The funds for West Bengal under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have been stopped since March 2022 due to non-compliance of directives of the Central government, according to the Ministry of Rural Development. Asked what is the way forward, Chouhan sa ...Read More >
New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi and Congress MP Priyanka Gandhi were forced to return to Delhi after the police prevented them from visiting violence-hit Sambhal. The two leaders were stopped at the Ghazipur border on the national highway 9 between Delhi to Ghaziabad. The police put up massive barricades all around to foil the LoP's visit to Sambhal. There was a huge traffic jam on all the lanes of NH 9 going from Delhi to Ghaziabad. Congress workers have reached the Delhi Meerut Expressway in large numbers to welcome Rahul Gandhi. As soon as the crowd gathered, the ...Read More >