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.
Chennai, Mar 31 (UNI) The IIT Madras Research Group India Centre for Lab Grown Diamond (InCent-LGD) has taken the Nation's Research on Quantum Technologies, photonics, sensing, and Metrology using Diamond Material to the global stage. Established with the support of the union Ministry of Commerce, this Research Group works towards making India a global leader in the lab-grown diamond industry by developing indigenous technologies. The technologies developed by this Centre will be available to Indian start-ups and industry to make India self-reliant (Atma Nirbhar) in producing gem-quality and electronic-grade diamonds. It will enhance technological capabilities, boost exports and generate economic growth through innovation and entrepreneurship, IIT-M said on Tuesday. Lab-grown diamonds are produced in a controlled technological process, instead of being mined from the earth and has the same physical, chemical and optical properties as natural diamond. Lab-grown diamonds are however more suitable for applications other than gems and jewellery. The Research Group organized a 3-day International Conference on Diamond and Emergent Materials - Science and Technology (iCDEM 2026), a global forum focusing on advances in diamond science, quantum technologies and next-generation electronic materials in the campus, with key thrust being the use of diamond and related carbon materials for energy, space and fusion applications, highlighting diamond's superior thermal conductivity, radiation hardness and durability. Around 250 global and Indian researchers, scientists and industry professionals working in materials science, electronics and quantum technology attended the event, which was organised in association with University of Arizona, US, and Gem and Jewellery Export Promotion Council (GJEPC), marking the first event of its kind in India dedicated exclusively to diamond and emergent materials technologies. The conference also focused on next-generation technologies such as incorporating modelling, simulation and AI/ML-driven monitoring techniques to optimise the growth processes of diamond and carbonaceous materials (carbon-based substances that can be engineered to deliver a wide range of properties), ensuring precision, scalability and industrial relevance. Prof. M S Ramachandra Rao, Principal Investigator, InCent-LGD, IIT-Madras, said, "The mission of our Research Group is to establish a National Centre for creation of state-of-the-art facilities for Lab Grown Diamond Technologies that enable process development and optimisation of diamond growth using indigenously-developed technologies. We will also soon be offering courses to train the people needed for Lab-Grown diamond Industry. Global Conferences such as iCDEM 2026 are critical for Indian Researchers to learn from the best scientists in the world and boost Indian Technologies." Prof. M. S. Ramachandra Rao, Chair of iCDEM 2026 and IIT-M Professor announced that the next edition of the conference, iCDEM 2027, will be held from 27 to 29 January 2027 at IIT-Madras. Elaborating on the research underway at InCent-LGD, it's Co-Principal Investigator Prof. Sathyan Subbiah, Department of Mechanical Engineering, said, "Our objectives are to innovate and improve the technologies for growing lab-grown diamonds and applying them for gems and showing the possibilities beyond jewellery. We are seeing next-gen entrepreneurs in India taking the leap from gems to other technological applications of diamond. Our centre will connect with these industry members who participated in the conference and through joint collaborations with them build technological capabilities that will take India's LGD sector to the new heights." A five-year research grant of Rs. 242.96 crore was announced in the union Budget 2023-2024, supported by the union Commerce Ministry to establish this Centre. The outcomes of this centre would make the technology available for more start-ups, increase employment opportunities, boost exports of LGD, and thus play a significant role in fueling India's economic growth. The important conference outcomes included strengthening of global collaborations in diamond and emergent technologies; advancing indigenous technology development and self-reliance in lab-grown diamonds; enhancing academia-industry synergy for translation and commercialization. The conference also focused on advancing diamond and carbonaceous materials, covering their synthesis, growth, doping and characterisation, with a strong emphasis on enabling next-generation applications. It will also explore emergent ultra-wide-band gap materials and their device physics, which are critical for high-power, high-frequency and extreme-environment electronics. Over the three days, the conference featured keynote lectures, invited talks and technical sessions covering topics such as advances in Chemical Vapour Deposition (CVD) diamond growth, post-processing, and diamond-based quantum sensing, photonics and advanced semiconductor technologies. Over 25 distinguished invited speakers from around the world presented lectures covering diverse topics related to diamond and emerging materials. Keynote speakers included Prof. Mark Newton (University of Warwick, UK), Prof. Oliver Williams (Cardiff University, UK), Prof. Mario Ruben (Karlsruhe Institute of Technology, Germany), and Dr.Wuyi Wang (Vice President - R&D, Gemological Institute of America) who spoke on developments in diamond materials and their emerging applications in quantum technologies and advanced electronics. The conference also featured around 60 poster presentations, showcasing research from universities and laboratories on areas ranging from nanodiamond technologies and quantum sensors to advanced coatings and electronic materials. An industry exhibition held alongside the conference brought together about 25 companies from diamond and advanced materials ecosystem, including manufacturers of laser systems, instrumentation and diamond processing technologies. The event concluded with an award ceremony recognising outstanding research contributions and discussions on strengthening collaboration between academia, research institutions and industry in the rapidly evolving field of diamond and carbon-based advanced materials.
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme will be a dominant LP in Athera's Rs 900-crore fund to be invested into fast-growing tech startups ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
India's foreign direct investment (FDI) reached $81.04 billion in FY 2024-25, marking a 14% growth over the previous year, as investors lauded the country's liberalized policy regime and proactive economic reforms at an Investor Roundtable held in New Delhi. The event, hosted on June 5 at Vanijya Bhawan, brought together over 90 representatives from industrial parks, multinational firms, and business associations, with more than 50 industrial parks from states including Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka, and Tamil Nadu participating in discussions. Union Minist ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
Puri: Lord Jagannath and his siblings Lord Balabhadra and Devi Subhadra will be dressed up in Rajarajeswar Besha, also known as Suna Besha on Sunday. The Trinity will be adorned with over 208 kg of gold ornaments on their chariots in front of the Singhadwar. Devotees will be allowed to witness the ritual from 6.30 pm to 11 pm. The temple and district administrations have made elaborate arrangements to ensure smooth darshan of the Trinity. Chief Administrator of Shri Jagannath Temple Administration Arabinda Padhe said, discussions were held with all nijogs of Srimandir to ensure all rituals a ...Read More >
Surat: The Amroli police in Surat have launched an investigation into a puzzling incident where an accountant working with a diamond firm reported that four fingers of his left hand were mysteriously severed after he fell unconscious near the Variyav Bridge. According to Tarpara's statement, he had gone to meet a friend near Vedant Circle and stopped on his way home to relieve himself. He claimed he suddenly lost consciousness and woke up to find the fingers of his left hand missing on Sunday ni ...Read More >
Itanagar, Jun 7 (PTI) The flood situation in Arunachal Pradesh improved on Saturday with water levels of most rivers receding, even as 33,000 people in 24 districts remained affected, officials said. Twelve people lost their lives and one person went missing in rain-related incidents, including landslides, after the monsoon set in, they said. In its daily report, the State Emergency Operation Centre (SEOC) said 33,200 people in 215 villages remained affected due to floods and landslides in the state. The water levels of most major rivers and their tributaries were showing a receding trend o ...Read More >
Puri: Lord Jagannath and His Siblings Lord Balabhadra and Devi Subhadra were adorned with 208 kg gold ornaments during the 'Suna Besha' ritual on chariots Sunday, an integral part of the annual Rath Yatra festival in Puri. The devotees can have 'darshan' of the deities from 6.30 pm to 11 pm, said the Shree Jagannath Temple Administration (SJTA). According to temple sources, the deities adorn around 30 different designs of ornaments which include gold, diamond, silver and other precious metals. "Initially, around 138 designs of ornaments were used during the era of King Kapilendra Deb in 146 ...Read More >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...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 >
Itanagar (Arunachal Pradesh) [India], January 17 (ANI): Arunachal Pradesh Chief Minister Pema Khandu while addressing the Deputy Commissioners from across the state on Friday at the two-day Sashakt Arunachal Conference of Deputy Commissioners (DC), asserted that shying away from problems was not the way forward but finding a solution to problems and moving ahead was the solution. Giving his concluding remarks at the event held in Itanagar, he said, "There will be problems faced by the deputy commissioners, yes. But we need to find solutions and move forward. It is said that we humans use at t ...Read More >
Bengaluru: ShopOS, a startup building an AI-based operating system for e-commerce, has raised $20 million led by Binny Bansal's 3State Ventures. The company said it will use the funds to expand its engineering team and further develop its AI platform, and add more brand customers. Founded by Sai Krishna V K and Ajay P V, ShopOS develops software that uses AI to streamline common e-commerce tasks, including creating product listings, generating marketing campaigns, and adapting online stores based on visitor behaviour. The company aims to reduce manual effort and enable brands to operate across ...Read More >
Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police has arrested a jeweller who had been absconding after allegedly cheating a fellow jeweller of gold, silver, and diamonds worth ₹12.77 crore. The accused, identified as Birju Kishor Kumar Salla (45), was arrested from a hotel in Gujarat where he had been hiding. According to the EOW, an FIR had been registered against Salla on June 10 at LT Marg Police Station. After evading arrest for several weeks, investigators tracked his location to Gujarat. Acting on a tip-off, the Gujarat Police detained Salla from the hotel and later handed ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check Details. The corporation will provide financial products -- including sho ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
Bhopal (Madhya Pradesh): Madhya Pradesh has received investment proposals worth over Rs 15,710 crore during an interactive session held in Surat, Gujarat, on Sunday. In response to the strong investor interest, Chief Minister Mohan Yadav announced opening of a new office of Madhya Pradesh Industrial Development Corporation (MPIDC) in Ahmedabad. The proposed investments are expected to create more than 11,250 jobs in the state. CM Yadav said the session is aimed to encourage Gujarat-based industrial houses -- especially from Surat -- to expand into Madhya Pradesh. He emphasised the natural sy ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...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 >
Mathura (UP), Jun 7 (PTI) Devotees visiting the Mathura-Vrindavan region for temple visits often get a taste of the antics of the large monkey population as the simians steal spectacles, caps and food from visitors. Aligarh-based diamond merchant Abhishek Agarwal and his family were left shell-shocked when a monkey snatched his handbag containing jewellery worth Rs 20 lakh during their visit to the Thakur Banke Bihari temple in Vrindavan. However, providence smiled on the Agarwal family as after an eight-hour effort, the police were able to corner the monkey and get the handbag back, a senio ...Read More >
New Delhi, Jul 5 (PTI) The new Research Development and Innovation (RDI) scheme with a corpus of Rs 1 lakh crore will help the industry and startups access funds to undertake research in key technology sectors, such as quantum computing, robotics, and artificial intelligence, a government official said. The scheme, approved by the Union Cabinet on July 1, will help boost domestic manufacturing of high-end goods and services and create jobs in the country. It will also support the acquisition of critical technologies and facilitate the establishment of a deep-tech fund of funds. The announcem ...Read More >
DP World has announced an extension of its Carbon Inset Programme after successfully registering more than 150,000 import containers since its inception in January. The programme, which commenced on 1 January 2025, is claimed to be the first initiative of its kind globally, providing cargo owners with 50kg CO2e of carbon credits for each loaded import container processed through DP World's UK terminals. This initiative aims to assist companies in addressing Scope 3 emissions within their supply ...Read More >
New Delhi, Jun 5 (PTI) India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission. In an interview to PTI, Kwon said that India - which has the second largest number of ChatGPT users - is among the most important countries for OpenAI in terms of engagement. India has always had the "ingredients to succeed", he noted. OpenAI, he pointed out, is eyeing partnerships that will help build the future of AI infra ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC with the Reserve Bank of India (RBI). As a sector-specific NBFC, the SMFCL is uniquely poised to br ...Read More >
New Delhi, Jun 27 (PTI) Raising concerns over the elevated gold prices, country's leading branded jewellery maker Titan said it "could see shifts in demand segments", though it will continue to prioritise topline growth driven by market share gains. "Gold prices are expected to remain high, given the geopolitical and macroeconomic uncertainties globally," said the latest annual report of Titan, which operates in the market with brands such as Tanishq, Mia by Tanishq, CaratLane and Zoya. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Friday Lucky Draw Res ...Read More >
New Delhi, Jul 5 (PTI) The new Research Development and Innovation (RDI) scheme with a corpus of Rs 1 lakh crore will help the industry and startups access funds to undertake research in key technology sectors, such as quantum computing, robotics, and artificial intelligence, a government official said. The scheme, approved by the Union Cabinet on July 1, will help boost domestic manufacturing of high-end goods and services and create jobs in the country. It will also support the acquisition of critical technologies and facilitate the establishment of a deep-tech fund of funds. Also Read | K ...Read More >