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): A total of 8 Indian nationals have lost their lives in West Asia as the conflict in the Gulf region enters its second month. One person also remains missing, a senior official from the Ministry of External Affairs informed on Monday. The official added that the Indian mission in Kuwait is working closely with local authorities to ensure the early repatriation of the mortal remains of an indian national who lost his life in an attack in Kuwait. Aseem Mahajan, Joint Secretary (Gulf), made the remarks at the Inter-Ministerial briefing here in the national capital on Monday. He said, "Yesterday, an Indian national, unfortunately, lost his life in an attack in Kuwait. We express our deepest condolences to the family of the deceased. Our mission in Kuwait is in touch with the family of the deceased and is coordinating closely with the local authorities to render all support and for the early return of his mortal remains to India. Eight Indian nationals have unfortunately lost their lives and one Indian national remains missing in various incidents..." Earlier on Monday, the Indian Embassy in Kuwait on Monday expressed condolences upon the death of an Indian national due to an attack on a desalination facility in Kuwait. The embassy said that they were in touch with the authorities to render all possible assistance. In a post on X, the embassy said, "Embassy of India in Kuwait expresses its deepest condolences at the tragic demise of an Indian national due to an attack on a desalination facility in Kuwait yesterday. The Embassy is closely coordinating with the Kuwaiti authorities to render all possible support and assistance." Kuwait's Ministry of Electricity, Water and Renewable Energy on Monday stated that an Indian worker was killed and a service building at a major power and water desalination plant sustained significant damage following what authorities described as Iranian strikes on Sunday evening. According to a statement issued by the ministry's official spokesperson, the strike targeted a service building at one of Kuwait's power and water desalination plants, resulting in the death of the Indian national and "significant material damage" to the facility. "A service building at one of the power and water desalination plants was attacked as part of the Iranian aggression against the State of Kuwait. This resulted in the death of one worker (of Indian nationality) and significant material damage to the building," the statement read. Sharing an update on the flight schedule, he said that the overall picture continues to improve with additional flights operating from the region and highlighted that since the conflict broke out on February 28, around 5,55,000 passengers have returned from the region to India. Mahajan informed, "Since February 28th, around 550,000 passengers have returned from the region to India. Airlines continue to operate limited non-scheduled flights based on operational and safety considerations between India and the UAE. Around 85 flights are expected to operate from the UAE to India today. Flights are operating from various airports in Saudi Arabia and Oman to different destinations in India. With the Qatar airspace partially open, Qatar Airways is expected to operate around 10 flights to India today. Kuwait and Bahrain airspace remain closed. Jazeera Airways of Kuwait and Gulf Air of Bahrain have been operating non-scheduled commercial flights from Dammam Airport of Saudi Arabia to various destinations in India. Due to flight restrictions and airspace closure, we continue to facilitate travel of Indian nationals from Iran through Armenia and Azerbaijan to India, from Israel, from Egypt and Jordan to India, from Iraq through Jordan and Saudi Arabia to India, and from Kuwait and Bahrain through Saudi Arabia to India..." At the briefing, Mahajan assured that for the safety, security and welfare of the large Indian community in the region, a dedicated special control room to assist Indian nationals and their families remains operational and that Indian missions and posts are working round the clock to provide assistance. (ANI)
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 >
NEW DELHI: Prime Minister Narendra Modi will travel to Trinidad and Tobago on a two-day visit from July 3 as part of his multi-country eight-day-long tour that begins this Wednesday and will include visits to Ghana, Argentina, Brazil, and Namibia. Addressing a special media briefing in the national capital on Monday, Secretary (South) in the Ministry of External Affairs Neena Malhotra, said that the entire indian community in the Carribbean country was "very enthusiastic" about PM Modi's upcoming visit. "PM Modi will be undertaking an official visit to Trinidad and Tobago from July 3-4 at th ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
Hyderabad, Sep 26 (PTI) The Telangana government on Friday said it aims to attract Rs 1 lakh crore in investments in the aerospace industry over the next five years. According to a press release, State Industries Minister Sridhar Babu chaired a special meeting at the secretariat with leading representatives from the aerospace sector, engaging in in-depth discussions on the future of aerospace development in the state. ...Read More >
Kolkata: After three days of severe disruption, flight schedules to Europe and the United States via the major hubs in the Middle East were restored on Thursday. This disruption occurred when the airspace over Qatar was shut down following Iran's missile launch on the Al Udeid Air Base in the country.All onward flights from the region, including Qatar Airways, Emirates, and Etihad, which carry a bulk of west-bound passengers from Kolkata, were suspended for three days. This left thousands of flyers stranded at airports there and relatives in Kolkata anxious.Airport officials said the Qatar Air ...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 [India], June 30 (ANI): Prime Minister Narendra Modi is set to embark on a multi-nation visit to Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia in the first week of July, with a primary focus on attending the 17th BRICS Summit in Rio de Janeiro and holding bilateral meetings with key global leaders, officials said on Monday. Addressing a special briefing by the Ministry of External Affairs (MEA) on the Prime Minister's visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia, Secretary (Economic Relations) Dammu Ravi said, "The 17th BRICS Summit is taking place ...Read More >
New Delhi: The CBI has succeeded in facilitating the return of 134 fugitives from abroad in the last five years -- nearly twice the number of repatriated persons over an entire decade between 2010 and 2019, officials said. Coordinating closely with Interpol as well as state and central enforcement agencies, the CBI was able to secure the extradition or deportation of these 134 fugitives since 2020. Of these, 23 were brought back this year alone. In contrast, only 74 fugitives were brought back during the decade between 2010 and 2019. The uptick in the success rate can easily be attributed to ...Read More >
New Delhi [India], October 17 (ANI): Rajya Sabha MP Vikramjit Singh Sahney on Thursday met Egyptian Minister of Foreign Affairs Badr Abdelatty in Delhi to discuss bilateral ties and regional developments. After the meeting, Sahney said, "Today, we had called upon the Foreign Minister of Egypt... Egypt and India are old friends... We appreciated Egypt's role in hosting the peace settlement between Israel and Hamas..." He also emphasised the economic potential between the two countries, stating, "On the trade and economic front, there's a big potential between the two countries..." Sahney fur ...Read More >
New Delhi: India has intensified its calls for the immediate discharge and repatriation of all remaining Indian nationals serving in the Russian Army, following the tragic death of one Indian national in Russia. The Ministry of External Affairs (MEA) has once again stressed the urgency of bringing back Indian nationals involved in the ongoing conflict in Ukraine. Indian National from Kerala Dies, Another Injured in Russia In a statement, MEA spokesperson Randhir Jaiswal confirmed that an Indian national from Kerala, who had been recruited to serve in the Russian Army, tragically died, while ...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 >
New Delhi: MEA spokesperson Randhir Jaiswal confirmed that "friendly countries" are interceding on India's behalf to ensure Kerala nurse Nimisha Priya can be released. Priya who has been accused of killing Yemeni national Talal Abdo Mehdi in 2017 was arrested in 2020 and sentenced in 2023. Her death sentence which was set for July 16 has now been postponed. Stating that the government of India had been offering all possible assistance in the case Jaiswal said: "We have provided legal assistance and also appointed a lawyer to assist the family. We have also arranged for regular consular visits ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the behaviour of DTC bus drivers. There have alleged that the buses often fail to stop at the designate ...Read More >
New Delhi, Jun 26 (PTI) India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on June 18 to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said, New Delhi was "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not". On June 24, while India remained "deeply concerned about ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
New Delhi: Prime Minister Narendra Modi is set to embark on a multi-nation visit to Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia in the first week of July, with a primary focus on attending the 17th BRICS Summit in Rio de Janeiro and holding bilateral meetings with key global leaders, officials said on Monday. Addressing a special briefing by the Ministry of External Affairs (MEA) on the Prime Minister's visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia, Secretary (Economic Relations) Dammu Ravi said, "The 17th BRICS Summit is taking place on July 5 and July 6 in ...Read More >
New Delhi, Jul 1: India and Pakistan on Tuesday exchanged, through diplomatic channels simultaneously in New Delhi and Islamabad, the lists of civilian prisoners and fishermen in each other's custody. Under the provisions of the bilateral Agreement on Consular Access 2008, such lists are exchanged every year on 1st of January and July. Pakistan has been requested to ensure the "safety, security and welfare" of all civilian prisoners and fishermen, pending their release and repatriation to India, the Ministry of External Affairs said in a statement. "India has shared the names of 382 civilian ...Read More >
New Delhi, Jul 1 (PTI) India on Tuesday urged Pakistan to expedite the release and repatriation of 159 Indian fishermen and civilian prisoners in view of completion of their jail terms. In addition, Pakistan has been asked to provide immediate consular access to the 26 civilian prisoners and fishermen in Pakistan's custody, who are believed to be Indian, the Ministry of External Affairs (MEA) said. Also Read | Fraudulent Website sarvashikshaabhiyan.com Makes Fake Job Offers, Claiming To Be Official Website of Sarva Shiksha Abhiyan, PIB Fact Check Reveals Truth. India made the request in the ...Read More >
Brasilia: India's Ambassador to Brazil, Dinesh Bhatia, presented credentials to Brazil's President Luiz Inacio Lula da Silva and discussed deepening of bilateral strategic partnership and Prime Minister Narendra Modi's upcoming visit to Brazil. PM Modi is travelling to Brazil at the invitation of Luiz Inacio Lula da Silva. This will be the Prime Minister's fourth visit to Brazil. The 17th BRICS Leaders' Summit will be held in Rio de Janeiro from July 6 to 7. In a post on X, the Indian Embassy in Brazil stated, "Amb @dineshbhatia presented credentials to President @LulaOficial and discussed d ...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 [India], July 10 (ANI): Morocco's Ambassador to India, Mohamed Maliki, underscored the expanding scope of India-Morocco relations during a wide-ranging interaction in the national capital. Highlighting deepening cooperation in trade, defence, investment, counter-terrorism, and beyond, he outlined key areas of collaboration and ambitious plans for the future. Also Read | Ukraine-Russia War: Moscow Blasts Kyiv With Another Missile, Drone Barrage, Killing at Least 2. "I think the sky is not even the limit for us... because we believe in making India, we believe in the capabilities of ...Read More >
New Delhi [India], September 26 (ANI): The Ministry of External Affairs on Friday highlighted that 2,417 Indian nationals have been deported or repatriated from the United States since January 2025. During the weekly media briefing, MEA Spokesperson Randhir Jaiswal reiterated India firm stance against illegal migration, emphasising commitment to promoting legal pathways for migration. The number of deportations that have happened from the United States since January; 2417 Indian nationals are deported or repatriated from the United States... We want to promote legal pathways of migration. In ...Read More >
India on Thursday reaffirmed its support for a two-state solution to the Palestine issue and said it will continue to strongly support all efforts towards a "durable and just peace" in the region. External Affairs Minister S Jaishankar also said that India has significant development cooperation with Palestine and it is committed to supporting its human resource development programmes and strengthen Palestinian institutions. This is not the first time India has discussed its stance. In July, In ...Read More >
Hyderabad: Mohammed Ahmed, the 38-year-old from Khairatabad, has sent distressing videos revealing that he is trapped in the Russian army, and forced to fight in the Russia-Ukraine war against his will. In the background of one video, the blast of rockets and the sound of gunfire can be heard, highlighting the imminent danger he faces.Indian govt officials said that at least 27 Indians are currently serving in the Russian army, and the govt is actively working on their repatriation. Ahmed recorded the videos in the army uniform he was compelled to wear. In his first video, sent on Oct 16, Ahme ...Read More >
NEW DELHI, 26 Jun: India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on 18 June to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs (MEA) on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said that New Delhi is "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not." On 24 June, while India remained "deeply concerned ab ...Read More >
A Qatar Airways flight en route to Hong Kong was diverted to Ahmedabad due to mid-air technical issues. The flight, QR816, departed Doha and landed safely in Ahmedabad as a precautionary measure. A decision on resuming the journey to Hong Kong will be made after a thorough aircraft inspection. A Hong Kong-bound Qatar Airways flight, which took off from Doha on Tuesday morning, was diverted to Ahmedabad as a precautionary measure after it developed some technical issues mid-air, an official said. ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs clarified India's position on importing crude oil from Iran on thursday, stating that energy purchases are based on 'market factors and the prevailing global situation.' 'Our energy requirements, or the energy purchases we make, are based on market factors and the prevailing global situation,' MEA spokesperson Randhir Jaiswal said in THEIR weekly briefing. Further, the Ministry also expressed deep concerns about the situation in West Asia, including the Israeli attacks on nuclear scientists and certain universities in Iran. ...Read More >
New Delhi, June 27 (UNI) External Affairs Minister S Jaishankar today spoke with his Iranian counterpart Abbas Araghchi to discuss the current situation following the ceasefire between Iran and Israel, and also thanked him for helping with the safe evacuation of Indian nationals. In a post on X, the EAM said: "Spoke to FM @araghchi of Iran this afternoon. "Appreciate his sharing Iran's perspective and thinking in the current complex situation. "Thanked him for facilitating the safe evacuation of Indian nationals." The EAM's conversation with the Iranian FM came hours after a flight arrive ...Read More >
New Delhi, Jun 27 (PTI) India has so far evacuated more than 4,400 Indian nationals from Iran and Israel in 19 special flights under Operation Sindhu launched on June 18 to bring home its citizens amid an ongoing conflict between the two countries, according to the Ministry of External Affairs (MEA). The evacuated Indian nationals included "more than 1,500 women and 500 children", the MEA said in a statement on Friday. Also Read | PM Narendra Modi To Begin 5-Nation Tour on July 2 To Strengthen Global Partnerships. "The government of India is deeply committed to the safety and well-being of ...Read More >
New Delhi, Oct 16 (PTI) The processing time for requests from the country's law enforcement agencies to Interpol to issue a Red Notice for the detention of a fugitive has drastically decreased, on average, from 14 months to three months now, CBI Director Praveen Sood said on Thursday. In his welcome address at a conference on 'Extradition of Fugitives: Challenges and Strategies' organised by the Central Bureau of Investigation (CBI) and inaugurated by Home Minister Amit Shah, Sood said only eight proposals for issuing Interpol notices are pending with the agencies currently, with the oldest o ...Read More >