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 [India], March 30 (ANI): Union Commerce and Industry Minister Piyush Goyal on Monday said India's position at the 14th Ministerial Conference of the World Trade Organization (MC14) in Cameroon was "not only heard but also reflected in the Ministerial decisions."Wrapping up his four-day visit to Cameroon, Goyal said the conference was significant as it marked the return of the WTO Ministerial Conference to the African continent after a decade."Reflecting on the last four days spent in Cameroon, I am assured that India's stance on issues in the WTO was not only heard but also reflected in the Ministerial decisions," the minister said in a post on social media.The minister added that "India ensured that the voice of the Global South was well-articulated and the needs and aspirations of developing countries and Least Developed Countries (LDCs) were given primacy in the negotiating room."He noted that India participated actively across all agenda items at the conference."India constructively engaged in all agenda items and in areas where India had strong concerns, we took a position based on the principles of openness, fairness, non-discrimination and inclusivity, which are the cornerstones of WTO engagement," he said in the post.The minister also highlighted his bilateral meetings held on the sidelines of the conference."On the sidelines of MC-14, I held extensive bilateral meetings with many countries, trading blocs and key African countries. This enabled greater receptiveness to India's position on key agenda items of MC-14," he said.Goyal also thanked officials and experts who supported India's participation in the conference."Supporting me in this endeavour were the officers of the Department of Commerce, PMI Geneva, relevant ministries, experts who have burnt many a midnight oil to ensure that India's interests are well protected and represented in this Ministerial Conference," he said.Looking ahead, the minister said, "India will continue to engage with WTO members on issues of critical importance for the global trade landscape, transparently, constructively and in good faith." (ANI)
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 >
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for producing Thai Kick Boxers, the district is also ready to shed its infamous identity that emerged du ...Read More >
New Delhi: Commerce and industry minister Piyush Goyal on Thursday urged Indian missions to ensure sharper trade intelligence, stronger global partnerships, and a coordinated push to boost India's exports and investment flows. He was interacting with Heads of Commercial Wings in 74 Indian Missions across 61 countries, the commerce ministry said in a statement. In a virtual interaction, Goyal reviewed trade promotion efforts and challenges in key markets, urging diplomats to act as the frontline of India's commercial diplomacy. Read more: As India and US gear up for trade deal, New Delhi see ...Read More >
New Delhi [India], December 3 (ANI): On the occasion of the International Day of Persons with Disabilities, the World Health Organisation (WHO) South-East Asia Region has called for amplifying the leadership of persons with disabilities to foster an inclusive and sustainable future. WHO's Regional Director, Saima Wazed, stressed that empowering persons with disabilities and ensuring their active participation in all sectors is essential to addressing the barriers they face, particularly in healthcare and during humanitarian crises. Also Read | South Korea Unrest: Martial Law Troops Enter Nat ...Read More >
New Delhi, Jul 2: Prime Minister Narendra Modi arrived today in Accra on his State Visit to Ghana. In a special gesture, on arrival at the airport, Prime Minister was received by the President of Ghana, H.E. John Dramani Mahama and accorded a ceremonial welcome. This gesture is reflective of the strong and historic bonds of friendship between the two nations. Prime Minister Narendra Modi departed Wednesday, on an eight-day, five-nation visit aimed at reinforcing India's strategic partnerships across Africa, Latin America, and the Caribbean. Between July 2 and 9, the Prime Minister will travel ...Read More >
New Delhi, July 5 (UNI) Leader of Opposition in the Lok Sabha, Rahul Gandhi, today took a swipe at the Modi government over the ongoing trade negotiations with the United States, alleging that the Prime Minister will "meekly bow" to the pressure from US President Donald Trump's tariff deadline. "Piyush Goyal can beat his chest all he wants, mark my words, Modi will meekly bow to the Trump tariff deadline," Gandhi wrote on X, targeting the Union Commerce and Industry Minister. Notably, Goyal had reiterated India's steadfast approach to international trade, stressing that the country negotiate ...Read More >
New Delhi: Prime Minister Narendra Modi on Monday called on Brics countries to work together in order to secure critical mineral supply chains and ensure that no one nation is able to dominate and weaponize these resources. His call at the 17th Brics Summit in Rio de Janeiro comes amid a Chinese chokehold on global rare earth supplies. Brics is a group of 11 countries that was set up by Brazil, Russia, India, China and South Africa. Modi said it was important to make critical mineral supply chains reliable and ensure that no one country uses these resources for its own selfish gains or as a ...Read More >
New Delhi: In order to sort out issues involved in the 'disagreements' between India and the United States over duties for auto components, steel, pharma and farm goods, among others, the Indian team is expected to further visit Washington soon for trade talks. A delegation of senior officials has been assigned for this crucial visit. Though the visit dates have not yet been finalised, the team is likely to join the US team in a week or two, an official source said on Thursday. India is among the few other countries that are still negotiating a trade deal with Washington to clinch a 'favourab ...Read More >
New Delhi, Jul 15 (PTI) The world's merchandise trade grew by 5.3 per cent year-on-year in the January-March quarter of 2025 as imports surged in North America in anticipation of higher tariffs in the US, the WTO said in a statement on Tuesday. Sequentially, global goods trade rose by 3.6 per cent in the first quarter of 2025. Merchandise trade volume growth in the first quarter was stronger than the WTO's most recent forecast, but its economists expect the pace of expansion to slow later in the year as fully stocked inventories and higher tariffs weigh on import demand, it said. It said th ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Saturday outlined five key global priorities to build disaster-resilient infrastructure, including a skilled workforce, a global digital repository to document best practices and innovative financing. He said that strengthening early-warning systems and coordination is another crucial aspect. Addressing the International Conference on Disaster Resilient Infrastructure 2025 via videoconferencing, Mr Modi noted that India has established a tsunami-warning system benefitting 29 countries and that it recognises the Small Island Developing States (Sida) a ...Read More >
New Delhi: Prime Minister Narendra Modi arrived in India on Thursday morning after wrapping up a highly productive and successful five-nation tour to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia. According to the Ministry of External Affairs (MEA), PM Modi's five-nation visit was a "productive and successful" tour. PM Modi has reached a significant milestone in his diplomatic journey, having now delivered 17 speeches to foreign Parliaments, matching the cumulative record of all Congress Prime Ministers before him. This achievement was marked by his recent addresses in Ghana, Tri ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
The escalating conflict could upset a hard-fought consensus that G20 negotiators reached around 5 a.m. on Sunday, after an overnight push to ready the joint statement for final review by leaders arriving in Rio. That preliminary consensus after six days of negotiations included streamlined language about global conflicts including the war in Ukraine, focusing on the need to negotiate peace rather than criticism of any participants. However, sources said even that "simpler" consensus may now be up for reconsideration following the Russian air strike and the prospect of further escalation. Un ...Read More >
New Delhi, Jun 7 (PTI) Prime Minister Narendra Modi on Saturday outlined five key global priorities for him to build disaster-resilient infrastructure, including a skilled workforce, a global digital repository to document best practices and innovative financing. In a video address to the International Conference on Disaster Resilient Infrastructure 2025, Modi said strengthening early-warning systems and coordination is another crucial aspect. He noted that India has established a tsunami-warning system benefitting 29 countries and that it recognises the Small Island Developing States (SIDA) ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time," said the first of the two Indian representatives cited above. "If all goes well, the deal will b ...Read More >
New Delhi: In a move to push its sales of electric vehicles (EVs) in India, for the first time, global EV manufacturer Tesla, led by Elon Musk, is all set to enter the Indian market next week with the inauguration of its maiden showroom at Bandra Kurla Complex in Mumbai on July 15. The carmaker's first offering here will be the Tesla Model Y rear-wheel drive SUVs from its China plant. Ahead of the launch, Tesla has reportedly imported about $1-million worth of cars and merchandise, marking its entry into the world's third-largest car market. These imports are primarily from China and the US. ...Read More >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positio ...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: Nayara Energy's refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow's war machine."For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," agencies quoted EU foreign policy chief Kaja Kallas as saying.India responded by saying it "does not subscribe to any unilateral sanction measures. "We are a responsible actor and remain fully committed to our legal obligations. Government of India ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some small measures, we have tried to be part of the startup ecosystem, the startup fund of funds, and var ...Read More >
Mumbai, Jul 10: The rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar on Thursday, supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Forex traders said the Indian rupee ended the day in green against the US dollar amid firm expectations that India and the US will reach a deal soon. At the interbank foreign exchange, the rupee opened on a positive note at 85.62 against the US dollar, and traded in a range of 85.70 and 85.53 during the day. The local unit finally settled for the day ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >
Biocon Biologics, in collaboration with Diabetes Africa and St Paul’s Hospital in Ethiopia, has launched the Embedding Specialist Nurses in Diabetes Care project. The initiative focuses on training nurses to become diabetes specialists to address the country’s growing diabetes crisis. With Ethiopia ranking among the top countries in sub-Saharan Africa for diabetes prevalence, this project aims to integrate diabetes care into primary healthcare, enhancing accessibility and care quality. By upskilling nurses and establishing a structured pathway for them, the program seeks to improve diabetes ma ...Read More >
New Delhi [India], June 7 (ANI): Highlighting the significance of strengthening early warning systems to mitigate risks from disasters, Prime Minister Narendra Modi on Saturday said that coastal regions and islands are at great risk due to natural disasters and climate change. Addressing the International Conference on Disaster Resilient Infrastructure (ICDRI) via videoconference, the Prime Minister said that India in recent times witnessed Cyclone Remal in India and Bangladesh, Hurricane Beryl in the Caribbean, Typhoon Yagi in Southeast Asia, and Hurricane Helene in the United States. 'The ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >