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, Mar 31 (PTI) Jubilant FoodWorks Ltd, the country's leading quick service restaurant chain operator, has decided not to renew its franchise agreement with Dunkin' and close down stores of the American multinational coffee and doughnut company in a phased manner. The Multiple Unit Development Franchise Agreement dated February 24, 2011 (MUDFA) between JFL and Dunkin' is coming to an end on December 31, 2026, according to a regulatory filing by the Bharatia family-promoted entity. The board of Jubilant FoodWorks Ltd (JFL) has decided for "non-renewal of the development rights granted in MUDFA, entered into for development and operation of Dunkin' brand in India, upon expiry of its current development term," said JFL. JFL will, in a "phased manner", evaluate and undertake such actions as may be considered appropriate in respect of its existing Dunkin' brand operations, including "rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights", in consultation with owners of the Dunkin' brand. This will be done strictly in accordance with the terms of the MUDFA, applicable laws, regulatory requirements and contractual obligations, it said. Incorporated in 1995, the JFL network comprises over 3,500 stores across six markets - India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. The group has a portfolio of global brands -- Domino's and Popeyes -- and two own-brands -- Hong's Kitchen and a CAFÉ brand -- COFFY in Turkey. PTI KRH HVA
New Delhi: LPG supply disruptions amid the West Asia war are forcing large restaurant chains, including McDonald's and Pizza Hut, to shut some stores, while dozens of premium fine-dine chains have stalled expansion plans. So far, shutdowns were largely limited to mid-sized and smaller restaurants that rely on daily cylinder supplies. Most larger chains tweaked menus to focus on low-gas dishes and switched to alternatives such as induction cooking and piped natural gas (PNG) where possible to deal with the crisis. Now, their LPG inventories too are running out. "We are having to shut down 10-1 ...Read More >
Leh/New Delhi, Sep 28 (PTI) Jailed activist Sonam Wangchuk's wife Gitanjali Angmo has trashed allegations of "Pakistan link" and financial irregularities against him. Terming the charge that Wangchuk incited the violence in Leh as "misplaced", she claimed that he has been protesting in the "most Gandhian way possible" and the "situation escalated" on September 24 due to the actions of the CRPF. Police detained climate activist Wangchuk on Friday under the stringent National Security Act (NSA), two days after protests demanding Sixth Schedule status and statehood for Ladakh turned violent in ...Read More >
Chandigarh, Mar 30 (PTI) Punjab Finance Minister Harpal Singh Cheema on Monday said the state government has detected tax evasion worth about Rs 200 crore in the state's hospitality sector, with the total amount likely to rise to nearly Rs 500 crore as the investigation is expanded. Addressing a press conference here, Cheema said a total of 882 establishments, including dhabas, restaurants, eateries, bakeries, sweet shops, and catering services, have been brought under the scanner as part of a state-wide crackdown. He said the exercise, based on data analytics and risk assessment, has so far ...Read More >
Mumbai, Apr 7 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Tuesday performed the groundbreaking ceremony for the driverless Pod taxi project, an Automated Rapid Transit System being developed between Kurla and BKC in Mumbai, to provide last-mile connectivity for daily commuters. Deputy Chief Ministers Eknath Shinde and Sunetra Pawar were present at the function along with the chief minister at the Diamond Garden metro station in Chembur. Fadnavis said that all necessary approvals for the project have been received. The Mumbai Metropolitan Region Development Authority (MMRDA) is exe ...Read More >
New Delhi, May 19 (PTI) After a tepid start to 2025, the IPO market is getting back on track with six main-board companies, including Schloss Bangalore -- owner of luxury hotel chain The Leela, are set to float their initial share-sales this month to collectively mobilise over Rs 11,000 crore, investment banking sources said on Monday. Of the six firms, Borana Weaves and Belrise Industries will launch their IPOs this week. Borana Weaves will float its Rs 144-crore IPO on May 20, while Pune-based Belrise Industries' Rs 2,150-crore IPO will open on May 21. The remaining four companies -- Schl ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their raw material costs but also lower PFAD prices (Palm Fatty Acid Distillate), a byproduct used by soap ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Gitanjali J Angmo, wife of climate activist Sonam Wangchuk, alleges false narratives and propaganda are being spread against her husband following his NSA arrest and transfer to Jodhpur jail. She claims he is targeted for advocating Ladakh's Sixth Schedule and legislature, despite his patriotic contributions and past support for PM Modi. Angmo awaits his detention order to pursue legal action. Gitanjali J Angmo, wife of climate activist Sonam Wangchuk, says a false narrative and fake propaganda ...Read More >
'She is a nice girl, simple, patient and affectionate. Because she is so empathetic, because she has the ability to feel for people, I am sure she will be able to solve the problems ordinary citizens face in this country.' IMAGE: Cheruvayal Raman teaches Priyanka Gandhi how to use a bow and arrow. Photographs: Kind courtesy Cheruvayal Raman Cheruvayal Raman, a farmer in Wayanad, was not shocked or surprised when Priyanka Gandhi's representatives contacted him to tell him that the Wayanad MP wan ...Read More >
New Delhi, Aug 14 (PTI) Coffee Day Global, which operates popular café chain Café Coffee Day, has narrowed down its loss to Rs 11 crore, and its net revenue went up 6 per cent to Rs 263 crore in the June quarter of FY26. The company had reported a net revenue of Rs 248 crore, and its loss after tax was at Rs 17 crore in the corresponding April-June period a year ago, according to the regulatory filing by Coffee Day Global's parent entity Coffee Day Enterprises Ltd. Its Average Sales Per Day (ASPD) was marginally down YoY to Rs 20,747, in comparison to Rs 20,772 a year ago. However, it was u ...Read More >
New Delhi, Apr 7 (PTI) Shares of Jubilant Foodworks Ltd (JFL) tumbled 10.5 per cent on Tuesday after its quarterly business update failed to cheer investors. The stock tanked 10.54 per cent to settle at Rs 412.70 on the BSE. During the day, it dropped 11.15 per cent to Rs 409.85 -- the 52-week low level. At the NSE, the stock dived 10.39 per cent to end at Rs 413.15. Domestic revenue of Jubilant Foodworks Ltd, the country's leading QSR chain operator, was up 6.2 per cent to Rs 1,686 crore in March quarter of 2025-26 fiscal year. For the full fiscal, revenue was at Rs 6,887.8 crore, said th ...Read More >
New Delhi, Nov 28 (PTI) Coworking firm Incuspaze, which provides managed flexible office spaces to corporates, is looking to raise USD 25 million (over ₹210 crore) to expand its business across major cities before planning to launch its Initial Public Offer (IPO). Established in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 40 lakh square feet. "We plan to add another 2 million (20 lakh) square feet in our portfolio by the end of December 2025," Incuspaze founder and CEO Sanjay Choudhary told PTI. In view of the growing demand for flexible workspa ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mobiles Costing Up to INR 1.63 Lakh', Claims Delhi Minister Ashish Sood. According to the official re ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...Read More >
Mumbai (Maharashtra) [India], August 20: Max Fashion, one of India's leading multinational fashion brands, makes a historic shift by naming its first-ever male brand ambassador: actor and cultural trendsetter Siddhant Chaturvedi. The new campaign, "How New Is Your New?", is fronted by actor and cultural trendsetter Siddhant Chaturvedi. Known for his effortless style and ability to connect with a generation that values both individuality and cultural edge, Siddhant perfectly embodies the energy and edge that Max stands for. Also Read | Did Shashi Tharoor Go Against Party Line and Speak in Favo ...Read More >
New Delhi, Sep 15 (PTI) INS Nistar has reached Singapore to join a biennial multi-nation exercise, whose sea phase would witness the Indian Navy's indigenously designed and built Diving Support Vessel and Submarine Rescue Unit (East) engaging in "multiple intervention and rescue operations" with participating assets in the South China Sea, officials said on Monday. Exercise Pacific Reach, which began on September 15 and is being hosted by Singapore, will see the participation of more than 40 nations as active participants or as observers, the defence ministry said. INS Nistar, functioning un ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. "If the US is taking investment from China, if Germany is taking, I would ...Read More >
Mumbai, Oct 19 (PTI) RBL Bank expects Emirates NBD Bank's USD 3 billion fund infusion, the largest FDI in the financial services sector, to close by June next year, once the regulatory and government approvals are secured, a top official said on Sunday. RBL Bank will merge with NBD's wholly-owned subsidiary operating in India and become a "listed foreign bank subsidiary" post-deal, the management said. "Our aspiration is to grow multi-fold, and the capital will help. We are now a mid-sized small bank. Our aspiration is to move into the league of large banks," RBL's Managing Director and Chie ...Read More >
Nagpur: Warrior king Chhatrapati Shivaji Maharaj belonged to the entire country, but British history tried to confine him as a regional icon, said BJP leader and Rajya Sabha MP Sudhanshu Trivedi, who was in Nagpur on Friday to attend an event marking the 351st anniversary of Shivaji Maharaj's coronation. Trivedi told TOI at the event organized by Shivaji Maharaj Kruti Samiti that Shivaji Maharaj's contribution in 'safeguarding' the southern part of India from Mughal invasion must not be forgotten.Trivedi said, "Shivaji Maharaj belonged to all of us, entire country. Unfortunately, the British p ...Read More >
Gurugram: A 32-year-old man, who was caught on camera flashing and allegedly masturbating at a woman in Gurugram, was arrested on Tuesday, August 12, as per police officials. The accused, identified as Abhilash Kumar, is reportedly a manager at a multinational company. The incident took place on August 2 at the busy Rajiv Chowk intersection along the Delhi-Jaipur Highway. About the Incident The woman, a model and influencer, posted the video on August 5, alleging the man exposed himself while waiting for a cab. She also tagged police and women's welfare bodies, claiming no action was taken ...Read More >
Mumbai, March 31: Jubilant FoodWorks Limited (JFL) has announced its decision not to renew its master franchise agreement for the Dunkin' brand in India, marking the end of a 15-year partnership. In a regulatory filing, the company stated that the Multiple Unit Development Franchise Agreement (MUDFA), originally signed in February 2011, will officially expire on December 31, 2026. The move signals a strategic shift for India's largest food service company as it moves to restructure its diverse brand portfolio. Following the board's approval for non-renewal, JFL will begin a phased restructuri ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
New Delhi, Nov 3 (PTI) Tata Consumer Products Ltd (TCPL) on Monday reported a 10.7 per cent increase in consolidated net profit to Rs 406.51 crore in the second quarter ended September 2025, led by India business. The company had posted a consolidated net profit of Rs 367.21 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, the Tata group's FMCG arm. Its revenue from operations rose by 17.83 per cent to Rs 4,965.9 crore in the September quarter of FY'26. It was at Rs 4,214.45 crore in the year-ago period. In the September quarter, TCPL's overall bra ...Read More >
Oracle India layoffs: US tech giant Oracle has been facing backlash online for filing thousands of foreign workers' petitions at a time when it laid off approximately 30,000 employees. The tech company filed for more than 3,000 petitions to employ H-1B workers in 2025 and 2026, and this has been criticised by American workers. US IT firm Oracle announced a brutal layoff impacting around 30,000 workers in an early morning email on March 31, informing the staff that it was their last working day. As thousands of employees woke up to the layoff emails, they had no idea that the tech giant had be ...Read More >
Mumbai (Maharashtra) [India], July 14 (ANI): Shiv Sena MP Milind Deora and chair of Parliamentary Committee on Subordinate Legislation on Monday said India should regulate unhealthy foods sold by multinational companies, along with Indian snacks such as jalebis and samosas, to deal with rising obesity problems. The Union health ministry has recently proposed displaying sugar and oil boards as an initiative to promote healthier dietary habits in various settings. According to the ministry's proposal, these boards will serve as visual behavioural nudges in schools, offices, public institutions e ...Read More >