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, March 30 (SocialNews.XYZ) India's industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by a strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a robust 6 per cent growth during February compared to the same month of the previous year. The high manufacturing growth augurs well as the sector plays a key role in providing quality jobs to the young graduates passing out from the country's engineering institutes and universities. Within the manufacturing sector, 14 out of 23 industry groups have recorded a positive growth in February 2026 over February 2025. The top three positive contributors are manufacture of basic metals which include steel products, motor vehicles, and machinery and equipment which include tractors. These three segments recorded a double digit growth. The mining sector posted a 3.1 per cent growth in February while electricity generation went up by 2.3 per cent during the month. The figures on use-based classification show that the production of capital goods, which comprise machines used in factories, jumped by 12.5 per cent in February this year. This segment reflects the real investment taking place in the economy which has a multiplier effect on the creation of jobs and incomes going ahead. There was also a 7.3 per cent increase in the production of consumer durables such as electronic goods, refrigerators, and TVs during February reflecting the higher consumer demand for these items amid rising incomes. The infrastructure and constructions goods sector also recorded a strong double digit growth of 11.5 per cent during the month driven by the Government's big ticket investments in highways, ports and railway projects which create large-scale employment and drive up the overall economic growth rate.
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-r ...Read More >
MUMBAI/NEW DELHI -- The Reserve Bank of India (RBI) on Friday slashed its economic growth forecast for the current financial year ending in March to 6.6% from the 7.2% projected in October after seeing "much lower than anticipated" gross domestic product expansion of 5.4% in July-September. "This decline in [the July-September quarter] growth was led mainly by a substantial deceleration in industrial growth from 7.4% in Q1 to 2.1% in Q2 due to subdued performance of manufacturing companies, contraction in mining activity and lower electricity demand," RBI Gov. Shaktikanta Das said in a televi ...Read More >
NEW DELHI, Dec 11 (Reuters) - London copper prices climbed to a nearly one-month high on Wednesday, as markets drew support from top consumer China's recent announcement that it will ease monetary policy and adopt a proactive fiscal policy to propel growth next year. Three-month copper on the London Metal Exchange (LME) was up 0.8% at $9,290 per metric ton, as of 0353 GMT. The contract briefly touched $9,314 per metric ton, its highest level since Nov. 12. The most-traded January copper contract on the Shanghai Futures Exchange (SHFE) rose 0.4% to 75,690 yuan ($10,443.31) a ton. China will ...Read More >
NEW DELHI: Indian equities surged sharply after the Reserve Bank of India (RBI) delivered a larger-than-expected 50 basis points repo rate cut, reducing it to 5.5% in today's Monetary Policy Committee (MPC) meeting. The move, led by Governor Sanjay Malhotra, exceeded market expectations of a modest 25 basis points cut, thus fueling a broad-based rally. The BSE Sensex zoomed by about 800 points to trade above 82,200 level while the NSE Nifty surge more than 250 points to trade around 25,000 level as of 12.15 pm. Stocks in the rate-sensitive sectors like realty, banking, NFBC and auto counters ...Read More >
Katra, June 6 (UNI) Prime Minister Narendra Modi on Friday said Pakistan engineered Pahalgam terror attack to hurt Kashmir's economy and brotherhood in the country, but its evil designs failed and Indian Armed Forces hit the neighbouring country deep inside. "Pakistan attacked both humanity and Kashmiriyat in Pahalgam. Its intention was to incite riots in India and disrupt the livelihoods of hardworking Kashmiris. By attacking tourists, Pakistan aimed to damage the region's economy and peace," Modi said while addressing a massive gathering. Recalling the start of Operation Sindoor exactly a ...Read More >
Katra (Jammu and Kashmir) [India], June 7 (ANI): Jammu and Kashmir Minister Satish Sharma on Friday said that the railway bridge over the Chenab river, inaugurated by Prime Minister Narendra Modi, was a long-pending project and demand. The Minister said that the people of Jammu and Kashmir are development-oriented and that the much-awaited project would boost tourism. Speaking to ANI about the Chenab rail bridge inauguration, Sharma said a day earlier, 'Today, the Kashmir valley has been connected with the rest of the nation. This was a long-pending project and demand. I congratulate Prime M ...Read More >
Shares of NMDC, steel stocks faced selling pressure on December 18 as the Siddaramaiah-led Karnataka government tabled a bill to tax mines and mining land. NMDC, JSW Steel, Tata Steel, SAIL stocks were trading in red, with NMDC stock bearing the brunt of the fall by falling 5% as CNBC-TV18 reported that the Karnataka government might hike duty on iron ore. At 12:30 pm on December 18, NMDC shares were trading 6% lower at Rs 213.49 apiece, the biggest fall in 18 weeks. Karnataka is an important s ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height of 359 metres from Chenab river, which means it is 29 metres higher than the Eiffel Tower of Paris, w ...Read More >
Katra, June 06: The Chamber of Tourism, Trade and Industry Katra (CTTIK) Friday extended heartfelt gratitude to the Prime Minister Narendra Modi for inaugurating and flagging off the much-anticipated Vande Bharat Express on the Katra-Srinagar railway line. This significant milestone is hailed as a transformative development for the Union Territory of Jammu and Kashmir, promising enhanced connectivity, economic growth, and spiritual resurgence. In addition to launching the Vande Bharat service, the Prime Minister also inaugurated two of India's most remarkable engineering feats: the Chenab Rai ...Read More >
Mumbai : ArcelorMittal Nippon Steel India (AM/NS India) has proudly reinforced its role in India's infrastructure transformation by supplying critical steel for two of the country's most iconic railway bridges 70% of flat steel for Chenab Bridge, the world's highest railway bridge, and 100% of steel for the Anji Khad Bridge, India's first cable-stayed railway bridge. The dedication of the iconic Anji and Chenab bridges by Hon'ble Prime Minister Shri Narendra Modi marks a significant step in realizing the vision of Viksit Bharat by 2047. These engineering marvels truly showcase India's will an ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
India's Index of Industrial Production (IIP) witnessed a significant slowdown in October 2024, registering a mere 3.5% year-on-year growth. This decline is primarily attributed to weak performance across key sectors like mining, power, and manufacturing. Compared to the robust 11.9% growth in October 2023, the latest figures highlight a concerning trend. New Delhi: India's industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday. The IIP recorded a growt ...Read More >
Mumbai, June 6: Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank's jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro environment, they said. After a muted start, benchmark sensitive index Sensex and Nifty soon recovered ...Read More >
Srinagar: Imagine gliding effortlessly above the clouds atop the world's highest railway bridge, with panoramic views of snow-capped peaks, lush green valleys, and rivers carving their way through rugged mountains. This is the experience Kashmir's first high-speed train journey offers -- promising to transform travel and tourism in the region forever. On Friday, Prime Minister Narendra Modi inaugurated two cutting-edge Vande Bharat trains running between Katra and Srinagar, slashing travel time by hours and providing year-round, reliable connectivity to the Kashmir valley. This train ride doe ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
BHUBANESWAR: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday. "The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dut ...Read More >
New Delhi [India], December 12 (ANI): The Index of Industrial Production (IIP) growth rate for October 2024 registered a modest increase to 3.5 per cent, up from 3.1 per cent in September 2024, according to the Quick Estimates released on December 12. According to the Ministry of Statistics & Programme Implementation, sectoral analysis reveals mixed performances. Mining, Manufacturing, and Electricity sectors reported growth rates of 0.9 per cent, 4.1 per cent, and 2.0 per cent, respectively. The manufacturing sector demonstrated resilience, with 18 out of 23 industry groups at the 2-digit N ...Read More >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...Read More >
NEW DELHI, June 2 (Reuters) - India's key iron ore producer NMDC (NMDC.NS), opens new tab is testing a new pricing formula for its output to shield its profits from the volatilities reflected in global benchmarks, a source with direct knowledge of the matter told Reuters. State-run NMDC, which sells its output locally, currently releases monthly iron ore prices linked to inventories, international prices and domestic market dynamics. The company plans to launch the new formula after initial trials, the source said, declining to be identified as the plan is not public yet. "We are taking bab ...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 >
Katra, Jun 6 (PTI) As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will inevitably affect business in Jammu. The government must look into this aspect," Jammu Traders' Associ ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
New Delhi [India], June 8 (ANI): The Nifty 500 index climbed 3.50 per cent in May, driven by steady gains in Industrials, Consumer Discretionary, and Financial Services sectors, an analysis by the Motilal Oswal observed. Sectoral indices of FMCG (Fast-Moving Consumer Goods) and utilities underperformed, posting slight declines of -0.09 per cent and -0.04 per cent, respectively, as per the analysis. Also Read | Indore Horror: Dog Carries Baby Girl's Body in Its Jaws at Madhya Pradesh Hospital, Mutilated Body of Newborn Recovered, Probe On. As per the observation, broader market sentiment rem ...Read More >
Officials say the train will help the troubled region, but many Kashmiris see it as a tool to entrench the Indian government's control. After decades of highly complex engineering work and billions of dollars in investment, India has finally connected the Himalayan region of Kashmir by rail to the rest of the country. The train link, which was officially inaugurated on Friday, fulfilled a dream dating back to the British colonial era. Indian officials called it a transformative leap for the res ...Read More >
Singapore, 26 June (Argus) -- Indian metal firm Hindalco has acquired a full stake in US-based alumina producer AluChem for $125mn, it announced on 24 June. Aditya, Hindalco's wholly owned subsidiary, will carry out the acquisition. The transaction is expected to close in the third quarter, pending customary closing conditions and regulatory approvals. AluChem is a specialty-alumina manufacturer with an annual capacity of 60,000t across its three manufacturing facilities in Ohio and Arkansas. It produces ultra-low soda calcined and tabular alumina for use in high-precision mechanical compone ...Read More >
STL Digital, an IT Services and Consulting Company (a wholly-owned subsidiary of Sterlite Technologies), announced the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc, Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomerate, prioritizes operational excellence, timely execution o ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Union Minister Ashwini Vaishnaw on Thursday described the Chenab Bridge built on the Jammu and Srinagar railway line as an engineering marvel, saying that it has been designed to tackle winds up to 260 kilometres per hour and falls in Seismic Zone 5. Talking to reporters about the unique features of the bridge, the Union Minister said its design is very complicated and its foundation is equal to half a football field. About 30,000 tonnes of steel have been used to build this bridge, which is now touted as the world's highest railway arch bridge. Prime Mini ...Read More >
New Delhi [India], June 6 (ANI): Kashmir valley got connected with the rest of India with the inauguration of the much-awaited and world's highest railway arch bridge over the river Chenab by Prime Minister Narendra Modi, during his day-long visit to Jammu and Kashmir on Friday. The architectural marvel Chenab Rail Bridge, situated 359 metres above the river, is the world's highest railway arch bridge. It is a 1,315-metre-long steel arch bridge engineered to withstand seismic and wind conditions. Also Read | Bengaluru Stampede Case: RCB Marketing Head, DNA Event Management Firm Staffers Sent ...Read More >