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 31 (ANI): Leading taxi and ride-hailing provider in Singapore 'Grab', is set to increase its temporary fuel surcharge for ride-hailing services from SGD 0.50 to SGD 0.90 per trip starting next month. According to Grab, the adjustment is scheduled to take effect from April 7 and will remain in place until May 31, 2026. The company attributed the move to recent volatility in global fuel prices, which has led to a rise in daily operating costs for its driver-partners. The Singapore-based platform, which provides on-demand services including ride-hailing, food delivery, and digital payments across eight countries, stated that the change is intended to support its workforce during this period of price fluctuation. As part of this adjustment, the company is also rebranding the existing "Driver Fee", originally introduced during previous periods of high fuel costs, to "Fuel Surcharge." The company stated the renaming was done "to provide greater clarity on how your fares support our drivers." The surcharge is not permanent and is subject to further evaluation. The company said that it is "closely monitoring the situation and will review this again closer to date to ensure it remains appropriate for prevailing market conditions." "100% of this surcharge goes directly to your driver as a direct pass-through to help offset temporary global fuel price increases; Grab does not take a commission from this amount. You will see this reflected as a single 'Fuel Surcharge' line item in your passenger fare breakdown," Grab stated. The company expressed its ongoing commitment to its partners, stating that "we remain committed to providing our driver-partners with the help they need." Grab Holdings Limited's stock price stood at 3.53 USD, marking a decrease of 0.04 or 1.12 per cent, as of the market close on Monday, March 30, 2026. (ANI)
Bengaluru - The Slack messages began arriving at 5.47am on a recent Monday. Three sales proposals had gone out the previous week and none of the team members had scheduled follow-ups. The reminders were crisp, professional and relentless - and they hadn't been sent by a human. They came from Junior, an AI employee from the start-up Kuse AI. Wu Xiankun, the company's founder, is creating the kind of workplace that feels both inevitable and unsettling. He's offering a new type of colleague who is entirely virtual and behaves uncannily like the most driven new hire you've ever worked with. Mr ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
Mumbai: Drivers using ride-hailing apps like Ola, Uber, and Rapido have initiated strikes in Mumbai, Pune, and Nagpur to demand improvements in pay and working conditions. The labour action, which began mid-week, has led to approximately 70 per cent of cabs being off the road, creating significant disruption for daily commuters, especially at airports and railway stations where many passengers are stranded. Commuters are experiencing heightened wait times and increased pricing due to fewer cabs available, with significant disruptions reported during rush hours, especially for school runs and ...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 >
MUMBAI - Tesla will open its first India showroom in Mumbai on July 15, having imported US$1 million (S$1.3 million) worth of cars and merchandise, marking its entry into the world's third-largest car market despite CEO Elon Musk's complaints about high import tariffs. Grappling with excess manufacturing capacity at its other factories and falling sales, Tesla has pivoted to selling imported cars in India on which it will need to pay about 70 per cent import duty and other levies. Indian Prime Minister Narendra Modi's government has for years wooed Tesla, including forming a new policy to at ...Read More >
New Delhi, Sep 26: Prime Minister Narendra Modi will unveil on Saturday state-owned BSNL's 'Swadeshi' 4G stack, marking India's entry into a coveted league of nations such as Denmark, Sweden, South Korea, and China that produce and manufacture homegrown telecom equipment. This is a new era for the telecom sector, Communications Minister Jyotiraditya Scindia announced on Friday. Scindia said that over 97,500 mobile 4G towers will be commissioned by the PM at Jharsuguda, Odisha, on September 27. Over 92,600 mobile sites installed by Bharat Sanchar Nigam Ltd (BSNL) are of indigenised 4G techno ...Read More >
Bengaluru - Nike on Sept 30 reported a surprise rise in first-quarter revenue and beat profit expectations as the storied sportswear brand's turnaround effort gained traction despite weakness in China and tariffs pressuring margins. The company also managed to clear some of its bloated inventory and wholesale revenues returned to growth in a sign of early success for chief executive Elliott Hill's plan to get Nike back to its former glory. Executives warned the recovery was still a way off. While wholesale revenues rose 5 per cent on a currency neutral basis, margins still faced a drag from ...Read More >
The government-backed cooperative taxi service, which will charge the drivers only a small membership fee and no commission, is set to give private ride-hailing companies like Ola and Uber a run for their money. India has launched Bharat Taxi, the country's first government-backed cooperative taxi service, which could rival private ride-hailing companies like Ola and Uber and shake up the domestic market by offering drivers a commission-free model. What is Bharat Taxi? Bharat Taxi is India's f ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
Pune was thrown into chaos as cab and auto drivers using app-based services went on strike. Passengers encountered not only increased fares but also instances of violence, making their travel experience perilous. Arguments with passengers and overcharging marred the indefinite strike called by aggregator app-based cab and auto drivers from Friday in the city. Among the worst affected were flyers arriving at the airport and struggling to find further travel options. A woman on her way to a doctor ...Read More >
Bengaluru - Global companies have flagged more than US$35 billion (S$45 billion) in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies. Mr Trump's trade war has hiked US tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties, but overall, the fog that paralysed many businesses is clearing, allowing executives to forecast costs and make plans - including some price hikes. Companies expected a combined financial hit of US$2 ...Read More >
Bengaluru: Rapido, the company best known for its bike taxi and ride-hailing services, has now entered the food delivery business with a brand-new app called Ownly. The service has been launched in three Bengaluru neighbourhoods -- Koramangala, HSR Layout, and BTM Layout. The new app is being seen as a challenger to Swiggy and Zomato as it promises to deliver food at a price that's up to 15% cheaper than its competition. ...Read More >
Rapido began as a bike-taxi service and has steadily evolved into a comprehensive mobility app. ShowQuick Read Summary is AI-generated, newsroom-reviewed Rapido, known for bike taxis, is expanding into travel bookings, adding hotels, flights, buses, and trains via partnerships with Goibibo, redBus, and ConfirmTkt. The app aims to offer seamless travel for its 50 million users across India Did our AI summary help? Let us know. Switch To Beeps Mode Rapido, India's popular ride-hailing platfo ...Read More >
BusinessWire India Singapore, July 19: DBS scored a hat-trick of global wins at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Best Bank for Customer Experience" category and "World's Best Bank for Corporate Responsibility" for t ...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 >
The Karnataka High Court adjourned a hearing on the ban until September 22, urging the government to consider the impact on livelihoods. Ride hailing apps Uber and Rapido have resumed bike taxi services in Bengaluru after gap of two months. The state govt had imposed a ban on bike taxi operations from June 16, leading aggregators to halt services following the seizure of bikes and heavy penalties by RTOs in the city. Aggregators had also approached the Karnataka High Court against the blanket ba ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. SEBI said that Jane Street Group entities "are restrained from accessing the securities market and ...Read More >
NEW DELHI - The United States has restored US$6.8 million (S$8.68 million) in funding for Tibetans in South Asia, the US State Department told Reuters on July 8, confirming comments by Tibet's government-in-exile. The aid had been cut by President Donald Trump's administration as part of its "America First" policy that hit a number of programmes , including those aimed at securing food and preventing the spread of HIV in some of the world's poorest regions. Last week, the leader of the Tibetan government in-exile in India, Mr Penpa Tsering said Tibetans became "collateral damage" in US for ...Read More >
Jammu: Directorate of School Education Jammu (DSEJ) has declared Pooja holidays for all government and recognised private schools across Jammu Division from October 19 to October 23, 2025. According to an order issued by the Director School Education Jammu (DSEJ) said It is hereby ordered that all the Government Educational institutions and also recognized Private School (s) upto Higher Secondary levels (Summer /Winter Zones) of Jammu Division shall observe Pooja Holidays w.e.f 19-10-2025 to 23-10-2025. ...Read More >
Bengaluru: In a bid to check overcharging by autorickshaw drivers following the bike-taxi ban, an enforcement drive across the city Monday saw nearly 300 cases of violations and over 100 autos being seized.As complaints of daylight robbery by both regular and app-based auto drivers pour in, the crackdown, directed by transport minister Ramalinga Reddy, involved 22 enforcement teams operating from early morning till evening. The drive covered both the city centre and outer areas including Devanahalli, Chandapura and Magadi. Jayanagar RTO reported the highest number of violations with 48 cases a ...Read More >
New Delhi, Sep 24 (PTI) Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". However, the spokesperson declined to provide details of the IPO size. To assist the public offering, ...Read More >
FIROZABAD, India - The furnaces in Firozabad, famed as India's "Glass City" with a four-century tradition of glassmaking, are now burning low, putting thousands of day labourers out of work in what would normally be peak season. The industry has been crippled by the war in the Middle East because of its intense energy needs. Gas-fired heat chambers need to run constantly at above 1,000 deg C to keep the glass molten and prevent defects. India's heavy reliance on gas across the economy - businesses of all sizes, households, agriculture, public transport - makes its factories among the most vu ...Read More >
Pernod Ricard's consensus analyst price target has recently decreased from €106.33 to €104.33 per share. This reflects a shift in sentiment following updated research notes. This adjustment comes amid discussions about the company's valuation and evolving prospects in the face of both opportunities and challenges. Stay tuned to discover how investors can stay ahead as the narrative for Pernod Ricard stock continues to develop. What Wall Street Has Been Saying Recent analyst commentary on Pe ...Read More >
The licences were given to ANI Technologies (Ola), Uber India Systems, and Roppen Transportation Services (Rapido). The firms must now apply for permanent approvals within a month after meeting all compliance conditions. The State Transport Authority (STA) of Maharashtra has granted provisional licences to the parent firms of Ola, Uber, and Rapido to run bike taxi services in the Mumbai Metropolitan Region (MMR). The decision, taken under the newly notified Maharashtra Bike Taxi Rules 2025, is seen as a major step towards formally regulating a service that has until now operated in a grey zon ...Read More >
BENGALURU/HYDERABAD/NEW DELHI - Ms Paridhi Upadhaya was packing her bags after securing a computer science scholarship in the US until headlines of President Donald Trump's H-1B visa crackdown last week prompted her family in Lucknow, India to scrap the plan. "Trump's unending onslaught against immigrants is forcing us to consider other destinations for her," the 18-year-old's father Rudar Pratap said. Ms Upadhaya is among thousands of Indians for whom the American dream of world-class education, lucrative careers, better quality of life and social mobility, is turning sour due to rising US ...Read More >
Mumbai, Oct 7 (PTI) The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US dollars in the form of currency notes, forex card load or for outward remittances at competitive prices. With the linkage, customers will be able to access USD through their preferred payment/banking apps integrated with the Bharat Connect or Bharat Bill Payment System (BBPS) platform. Currently, five lenders -- Axis Bank, Federal Bank, ICICI Bank, State Bank of India and Yes Bank -- have been integrated with Bh ...Read More >
Bengaluru - An investor group including Singapore's Temasek, BlackRock, Microsoft and Nvidia is buying one of the world's biggest data centre operators with nearly 80 facilities in a deal worth US$40 billion (S$51.8 billion) to secure coveted computing capacity for artificial intelligence (AI). The deal is the biggest-ever data centre transaction as companies race to lock in AI computing power. Aligned Data Centers, which is based in Texas, currently has 50 campuses in the United States and South America. It has 78 data centres under management or in future development, according to its webs ...Read More >
Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unprecedented government intervention seems to have calmed the internal rift. But analysts suspect that the ...Read More >