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.
Two Indian liquefied petroleum gas (LPG) carriers with a combined cargo of around 94,000 tonnes have safely transited the Strait of Hormuz and are heading towards Mumbai and Mangalore, the ministry of petroleum and natural gas (MoPNG) said in a statement. 'BW TYR is proceeding towards Mumbai with an expected time of arrival on March 31, and BW ELM is en route to New Mangalore with estimated arrival date of April 1,' the ministry said in an update on maritime safety and shipping operations in the wake of the West Asia crisis. It added that 18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region. The Directorate General of Shipping, in coordination with ship owners, Recruitment and Placement Services Licence (RPSL) agencies, and Indian missions, is actively monitoring the situation. The ministry said the supply of LPG in the country is affected due to the prevailing geopolitical situation but no dry-out has been reported at LPG distributorships. Online LPG cylinder bookings increased to 94 per cent on an industry basis. The statement said the delivery of domestic LPG cylinders is normal and the government had earlier restored partial commercial LPG supply of 20 per cent for consumers. Further, the Centre proposed on March 18 to allocate an additional 10 per cent commercial LPG to states based on ease of doing business reforms for PNG expansion. Later, the government allowed an additional 20 per cent allocation of commercial LPG to states, taking the overall allocation to 50 per cent. This is being given on priority to restaurants, dhabas, hotels, industrial canteens and subsidised canteens and outlets run by local bodies. The Centre extended an additional 20 per cent allocation of commercial LPG to states on March 27 for industries with priority to steel, automobile, textile, dye, chemicals and plastics. The government had earlier prioritised 100 per cent gas supplies for domestic PNG and CNG for transport. Supplies to industrial and commercial consumers connected on the grid are at 80 per cent of their average consumption. 'Supply to operating urea plants is now steady at around 70-75 per cent of their last six-month average consumption,' the ministry added. 'Additional LNG cargoes and regasified LNG (RLNG) are also being sourced to maintain supplies and pipeline hydraulics. Source: Rediff #theshippingtribune #latestnews #shippingnews #dailynews #Maritimenews #shippingindustry #news #media #newsupdate #maritime #shippingnewsworldwide
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port."The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power ...Read More >
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
New Delhi [India], June 6 (ANI): Aadhaar number holders carried out over 211 crores authentication transactions, pushing the total number of such transactions since Aadhaar's inception to more than 15,223 crores (152.23 billion), according to a release by the Ministry of Electronics & IT. The ministry reported that the transaction in May 2025 saw more transactions, as compared to the same month last year, when 201.76 Cr such transactions were carried out. This growth in number is a reflection of how Aadhaar-based authentication has been playing a facilitating role in effective welfare delive ...Read More >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth rate of the core industries, therefore, is an indicator of the overall industrial growth rate. Apa ...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 >
Gandhinagar: Stating that it was time to decide whether the next generation will "have a plastic-free or plastic-laden environment," chief minister Bhupendra Patel on Thursday said that the campaign against single-use plastic should become a mass movement in Gujarat. Presiding over the state-level programme in Gandhinagar to mark World Environment Day, the chief minister also unveiled several projects aimed at environment protection. "The Prime Minister has envisioned environment-friendly development, and Gujarat will adhere to the principle of ensuring development in a sustainable and environ ...Read More >
NEW DELHI: On the occasion of World Environment Day, the Chairperson of the National Green Tribunal, Justice Prakash Shrivastava, said that the plastic, in its myriad forms, has become an indispensable part of our lives, yet its convenience masks a devastating reality and from the single-use plastic bags that clog our drains and pollute our water bodies to the microplastics that infiltrate our food chain and even our own bodies, the hazards are undeniable. Citing the 2025 World Environment Day theme, "End Plastic Pollution," the NGT chief underscored the urgent need to acknowledge the inextri ...Read More >
Rajamahendravaram: As part of World Environment Day celebrations, a major initiative to plant 4 lakh saplings across the district has been launched, district collector P Prasanthi announced on Thursday. She called on everyone to protect these saplings for the benefit of future generations. The main event was held at the Government Arts College campus in Rajahmundry under the aegis of the Forest Department, where the district collector participated as the chief guest. Chief Conservator of Forests BNN Murthy and other senior officials were also present. Speaking on the occasion, collector Prasa ...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 >
Alipurduar, May 29 (UNI) Prime Minister Narendra Modi on Thursday laid the foundation of a Rs 1,010 crore City Gas Distribution Project in West Bengal's northern district of Alipurduar and said that the state's development is key to India's future. The project aims to supply Piped Natural Gas (PNG) to 2.5 lakh households, over 100 commercial establishments, and establish 19 CNG stations. "The City gas distribution project in Alipurduar is our commitment to strengthening the region's clean energy infrastructure," Modi said at the outset. "Bengal's development is key to India's future," Modi ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's industrial growth and it is imperative that this vital sector undergoes a transformative shift towards ...Read More >
Chennai: The capacity utilisation of the domestic steel industry is set to drop to 78 per cent for the first time in four years. In order to check unprecedented imports, the government is considering imposing a 25 per cent duty on steel imports. Cheaper imports from China and countries under Free Trade Agreement along with ongoing capacity addition can lead to capacity utilisation of domestic steel mills dropping from 85 per cent in FY2024 to an estimated 78 per cent in the current fiscal, the lowest we have seen in the last four years. The domestic steel industry witnessed an all-time high ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Aadhaar number holders executed over 211 crore authentication transactions in May this year taking the cumulative number of such transactions to more than 15,223 crore since inception, according to a statement issued by the Ministry of Electronics & IT on Thursday. The May authentication transactions are more than the previous month, as well as of May 2024 when 201.76 Cr such transactions were carried out. The growing number shows, how Aadhaar-based authentication has been playing a facilitating role in effective welfare delivery, and voluntarily availing v ...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 >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
New Delhi, Jun 5 (PTI) National Green Tribunal Chairperson Justice Prakash Shrivastava on Thursday outlined an urgent need to curb plastic pollution as it negatively impacted marine life, suffocated terrestrial ecosystems, leached harmful chemicals into soil and water. In addition, it contributed significantly to air pollution when burnt, he said. The statement came on the occasion of World Environment Day and was uploaded on the NGTs website. Shrivastava said that plastic had become an indispensable part of our lives, yet its convenience masked a devastating reality. "This nonbiodegradabl ...Read More >
In the Indo-Pacific region, if one development would prove to be a landmark event in the region's modern history, it would be the signing of the Treaty of Comprehensive Partnership between North Korea and Russia in June 2024. The partnership has paved the way for strengthening bilateral ties between Moscow and Pyongyang and marked the onset of the global order transition, which was already underway. The institutionalization of the U.S., South Korea, and Japan's trilateral security cooperation has also given Russia and North Korea another strategic reason to collaborate. Therefore, with the geo ...Read More >
MUMBAI: Warning that business as usual approach to policy reforms will push the economy which is already facing hiccups, to growth stagnation, the economic survey said by reducing the excessive regulatory burdens, governments can help businesses become more efficient, reduce costs, and unlock new growth opportunities. In short, the governments should help the industry rediscover their animal spirits. "Regulations increase the cost of all operational decisions of firms, the survey said outlining a three-step process for the states to systematically review their regulations for their cost-effec ...Read More >
"India's gateway into Europe" - that's how Greek Prime Minister Kyriakos Mitsotakis described Athens' relationship with New Delhi during his visit to India in 2024, a phrase frequently used by Greek officials whenever they discuss the ties between the two countries. The same phrase was echoed by Greece's foreign minister during an interview with Indian newspaper The Hindu ahead of his two-day visit to New Delhi on Thursday and Friday. But how does India view its relationship with Greece? To understand India's perspective, Kathimerini English Edition spoke with The Hindu's diplomatic editor Su ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over USD 15 billion in investment. The acquisition was executed through Aditya B ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...Read More >
Delhi's air quality continues to deteriorate with the Air Quality Index (AQI) recorded at 304, falling under the "very poor" category. Several areas, including Anand Vihar, Jahangirpuri, and Mundka, reported severe pollution levels, significantly impacting visibility and health. The National Capital Region (NCR) also saw poor air quality, with areas like Noida and Ghaziabad in the "poor" range. The Supreme Court upheld restrictions under Stage 4 of the Graded Response Action Plan (GRAP) to curb pollution. Authorities urge residents to limit outdoor activities and take health precautions as smo ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >