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: Six Indian nationals have lost their lives, and one remains missing in separate incidents across the Gulf region amidst the West Asia conflict, the Ministry of External Affairs said on Friday, adding that Indian missions are coordinating with local authorities for assistance and repatriation. Addressing the Inter-Ministerial Briefing, Additional Secretary (Gulf) in the MEA, Aseem R Mahajan, said Indian missions in multiple countries are working closely with authorities to locate the missing person and facilitate the return of the deceased to India."Six Indian nationals have unfortunately lost their lives, and one is missing in various incidents. Our missions in Saudi Arabia, Oman, Iraq and UAE are in regular touch with the concerned authorities regarding the missing Indian national and for the early repatriation of mortal remains of the deceased Indian nationals to India," Mahajan said.He added that the travel situation from the Gulf region is gradually improving, with a significant number of passengers already returning to India."Situation continues to improve with additional flights operating from the region. Since February 28, around 300,000 passengers have returned from the region to India," the MEA official said .According to the MEA, airlines from the United Arab Emirates are continuing to operate limited non-scheduled flights depending on operational and safety considerations."From the UAE, airlines continue to operate limited non-scheduled flights based on operational and safety considerations. Today, again, around 90 flights are expected to operate from various airports in the UAE to India," he added.Flights are also continuing from Oman and Saudi Arabia to India, while the partial reopening of airspace in Qatar has allowed some commercial movement."With the Qatar airspace partially open, Qatar Airways is expected to operate 10 non-scheduled commercial flights to India today," Mahajan said.However, he noted that airspace in Kuwait and Bahrain remains closed.He said, "Kuwait airspace remains closed. Airways of Kuwait is expected to commence special non-scheduled commercial flights to various destinations in India from the Al Qaisumah-Hafar Al Batin Airport in Saudi Arabia, with the first flight today to Kochi."To assist stranded passengers, Kuwait Airways will begin special non-scheduled commercial flights from Al Qaisumah International Airport to India, with the first flight scheduled to depart for Kochi on Friday."This will facilitate the travel of Indian nationals from Kuwait to India," Mahajan said.He added, "Bahrain airspace remains closed. Gulf Air of Bahrain continues to operate special non-scheduled commercial flights from Dammam Airport of Saudi Arabia to India."Meanwhile, Gulf Air of Bahrain continues to operate special non-scheduled commercial flights from King Fahd International Airport to India to support the movement of passengers amid the airspace restrictions.
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, March 12 (SocialNews.XYZ) There is no fuel shortage, and India has sufficient crude oil stock at the moment, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday, adding that people should not spread rumours and avoid creating fake narratives. Speaking in Parliament, the minister stressed that the volume of energy in India is secure. "India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Thanks to Prime Minister Narendra Modi's outstanding diplomatic outreach and goodwill, India has secured crude volumes that ex ...Read More >
Nearly 1,200 Indian nationals, most of them students, have left Iran since the start of the West Asia conflict by crossing via land borders to Armenia and Azerbaijan, while three Indians were injured in attacks in the United Arab Emirates (UAE), officials of the external affairs ministry said on Wednesday. About 9,000 Indians, including students and businesspeople, were in Iran when military strikes by Israel and the US on February 28 triggered the conflict. Scores of students were moved from ci ...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 >
Bengaluru (Karnataka) [India], March 2 (ANI): Karnataka Chief Minister Siddaramaiah on Monday urged Prime Minister Narendra Modi to take swift measures to safeguard Kannadigas and other Indian nationals affected by escalating tensions in the Middle East region. In a post shared on X, Siddaramaiah said, "I have written to the Prime Minister seeking urgent action to safeguard Kannadigas and other Indians affected by the escalating Middle East tensions. I have urged strengthened diplomatic outreach, preparedness for special repatriation flights if required, and coordinated support through embass ...Read More >
Bhubaneswar (Odisha) [India], March 2 (ANI): Amid the escalating conflict in the Middle East, Biju Janata Dal (BJD) president Naveen Patnaik on Monday urged the Government of India to take immediate steps to ensure the safe evacuation of people from Odisha stranded in the region. In a statement, Patnaik said on X, "The escalating conflict in the Middle East has left many people from Odisha including migrant workers, professionals, students, tourists stranded. With disruption of air connectivity many people are facing grave uncertainty. Their safety and well-being are at risk, and they look to ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, March 30: India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict. Responding to questions in the Rajya Sabha, Naidu assured that the country's aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war. "India currently has adequate ATF reserves and does not foresee any shortage in the near future," he said. "India follows a balanced production system for ATF, where n ...Read More >
Mumbai, March 31: Gold prices in Dubai edged slightly higher on Tuesday as the month drew to a close, reflecting a modest rebound in international markets. Retail rates in the "City of Gold" saw 24-carat gold trading at approximately AED 541.75 per gram, a slight increase from previous sessions. The market remains influenced by a complex interplay between a strong US dollar and persistent safe-haven demand triggered by ongoing geopolitical tensions in West Asia. Local jewellers in the Deira Gold Souk and major shopping centres noted a steady flow of buyers, particularly those looking to hedge ...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, March 2 (SocialNews.XYZ) Prime Minister Narendra Modi and his Canadian counterpart Mark Carney discussed ongoing global issues, including the current situation in Iran, the Ministry of External Affairs (MEA) said on Monday. While addressing a special briefing on Carney's visit to India on Monday, Secretary (East) in MEA, P Kumaran, stated that PM Modi, during the meeting, said that India is deeply concerned about the recent developments in Iran and the Gulf region. He mentioned that PM Modi has urged all sides to avoid escalation and follow the path of dialogue and diplomacy to de- ...Read More >
New Delhi: External Affairs Minister S. Jaishankar held a telephonic conversation with Portuguese Foreign Minister Paulo Rangel, focusing on the volatile situation in West Asia and strengthening bilateral ties. In a post on X on Tuesday, Jaishankar said he had "a good conversation" with Rangel. The two leaders exchanged views on the West Asia conflict and discussed ways to enhance cooperation between India and Portugal. This outreach comes amid broader diplomatic efforts to address regional instability. Jaishankar and Foreign Secretary Vikram Misri held high-level talks with Russian Deputy F ...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 >
New Delhi, Feb 2 (PTI) The Rashtriya Swayamsevak Sangh (RSS) on Monday called for peace in the world, saying battles should only happen for the good of humanity and truth, not for "selfish" reasons. Addressing an event here, RSS national publicity and media department head Sunil Ambekar also expressed concern over the safety of Indians stranded in various locations abroad due to the prevailing situation in West Asia. The senior RSS functionary's remarks came amid widening conflict in West Asia after the United States and Israel targeted Iran in coordinated attacks over the weekend that kille ...Read More >
New Delhi [India], March 30 (ANI): India on Monday said that particular attention is being given to the welfare of Indian seafarers as the conflict in the Gulf region entered its second month. A senior Ministry of External Affairs (MEA) officer assured that the safety, security and welfare of the Indian community in the region remains the utmost priority and added that MEA continues to closely monitor the evolving situation in the region. Also Read | Donald Trump Warns Iran on Strait of Hormuz, Power Grid if Deal Is Not Reached. Addressing an interministerial briefing, Aseem Mahajan, Joint ...Read More >
Thiruvananthapuram, March 2 (SocialNews.XYZ) Chief Minister Pinarayi Vijayan on Monday expressed deep concern over the emerging crisis in the Gulf region, stating that the developments have caused widespread anxiety among Malayali families both abroad and in Kerala. More than 2.5 million Keralites are estimated to be residing in various Middle East countries. In a statement, Vijayan described the Gulf nations as a "second home" for Kerala, built on the hard work and dedication of lakhs of expatriates over several decades. "Every development in the Gulf resonates in the hearts of Malayalis a ...Read More >
New Delhi, Apr 1 (PTI) Over 1,150 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict a month ago, the Ministry of External Affairs (MEA) said on Wednesday. It also said that three Indians were injured in attacks in the United Arab Emirates (UAE) on Tuesday. "Our embassy in Tehran has facilitated the movement of 1,171 Indian nationals, including 818 students, to exit Iran via the land borders into Armenia and Azerbaijan," MEA spokesperson Randhir Jaiswal said at a media briefing. "From there, our nationals have be ...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, 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 >
Kochi, Mar 11 (PTI) Prime Minister Narendra Modi on Wednesday attacked Congress and its leader Rahul Gandhi, alleging that he is unaware of the development happening in the country and accused the grand old party of playing politics over the West Asia crisis. At a BJP-led NDA rally here, Modi stated that Kerala's pattern of alternating between LDF and UDF governments must end for the benefit of the state. He urged the people of Kerala to give the BJP-led NDA a chance to serve them for the next five years as it comes with "Modi's guarantees". The PM said that people were ready to move away f ...Read More >
* Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks. * Two Indian tankers, Pushpak and Parimal, are safely transiting the strategically vital strait. * A Liberian-flagged tanker with an Indian captain cleared the strait and docked in Mumbai. Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Iran has dismissed reports claiming Tehran has allowed India-flagged tankers to pass through the Strait of Hormuz amid a worsening global energy ...Read More >
India and Iran have been in touch in recent days over issues related to maritime movement and energy security, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal said S Jaishankar and Iran's foreign minister had spoken three times recently. "Iran foreign minister and India's Jaishankar have had 3 phone calls in recent days to discuss safe passage of ships, energy security," Jaiswal said. India has been closely monitoring developments in West Asia as tens ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...Read More >
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 capit ...Read More >
New Delhi [India], March 30 (ANI): Prime Minister Narendra Modi has engaged in high-level discussions with global leaders to address pressing international issues, including the ongoing conflict in West Asia, the spokesperson of the Ministry of External Affairs, Randhir Jaiswal said on Monday. As part of these engagements, on March 28, the Prime Minister held talks with the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman, Jaiswal said. Also Read | Ellie Crampsie Drug Case: Influencer Faces Jail Over 150,000 Pounds Cannabis Smuggling at Edinburgh Airport. Addressing an interminister ...Read More >
Cochin (Keralam) [India], April 1 (ANI): The mortal remains of 20 Indian nationals who died due to various causes in Kuwait recently arrived at Cochin International Airport in Kerala on Wednesday, according to officials. Among the deceased was 37-year-old Santhanaselvam Krishnan from Muthukulathur in Tamil Nadu's Ramanathapuram district, who was killed in a drone strike on a water desalination plant. The other 19 individuals had died due to separate incidents and natural causes, but their repatriation had been delayed because of the regional conflict. A total of 8 Indian nationals have lost ...Read More >
New Delhi: Nineteen vessels carrying energy supplies for India are currently stranded near the Strait of Hormuz, Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping and Waterways, said. Of these, 10 are foreign-flagged vessels transporting cargo meant for India, while nine are Indian-flagged ships loaded with energy supplies. Addressing the media at an inter-ministerial press briefing on West Asia, Sinha said, "There are three vessels carrying LPG. They're all flying foreign flags. Then there are four crude oil tankers, also all under foreign flags. For LNG, there are thr ...Read More >
New Delhi, July 9 (SocialNews.XYZ) Prime Minister Narendra Modi has emplaned for Namibia -- the final stop of his five-nation visit -- after wrapping up his State Visit to Brasilia where he met Brazil President Luiz Inacio Lula da Silva and also attended the 17th BRICS Summit in the Brazilian city of Rio de Janeiro. Taking to X, the PMO wrote: "PM @narendramodi has boarded for Namibia, the final destination of his tour" Also, External Affairs Ministry spokesperson Randir Jaiswal wrote on X: "PM @narendramodi concludes a productive visit to Brazil and emplanes for Namibia. A memorable visit t ...Read More >
Prime Minister Narendra Modi met King Abdullah II in Amman. They discussed countering terrorism and extremism. Both leaders highlighted Jordan's strong stance against radicalization. They also spoke about Gaza and the need for regional peace. Agreements and MoUs were signed to boost cooperation. Business partnerships and investments were also explored. Prime Minister Narendra Modi on Monday met Jordan's King Abdullah II ibn Al Hussein at the Husseiniya Palace in Amman and discussed measures to c ...Read More >