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.
Thiruvananthapuram: The Civil Supplies Department on Tuesday warned of strict action against gas agencies if they violate supply norms, as the LPG crisis in the state begins to ease. In an order, the Civil Supplies Commissioner said restrictions earlier imposed on the supply of commercial LPG in view of the conflict in the Middle East have now been reviewed. Authorities have directed that 100 per cent of the required commercial LPG be supplied to essential sectors, while industrial sectors, including hotels and restaurants, should receive between 62 and 66 per cent of their demand. However, complaints have emerged that gas agencies are not adhering to these norms. "Such complaints will be investigated, and strict action will be taken if violations are found," the order said. If LPG allocated to one category is diverted to another, or if agencies charge prices higher than those recorded in bills, legal action will be initiated under the Essential Commodities Act and LPG Control Orders. Oil companies will also be advised to take action, including cancellation of licences, under the Marketing Discipline Guidelines (MDG). As part of an enforcement drive, 6,158 inspections have been conducted across the state at gas agencies, hotels and in the open market. Officials have seized 70 domestic LPG cylinders and 137 commercial cylinders. Further action will be taken by the respective district collectors. A state-level special squad may also be formed to strengthen inspections. The department also clarified that there is currently no situation warranting a price rise in essential commodities. It warned of strict action against hoarding, artificial price hikes, failure to display price lists, and black marketing under the Essential Commodities Act.
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
New Delhi [India], September 3 (ANI): The All India LPG Distributors Federation has appealed Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on LPG Suraksha Hoses (LPG pipes) from 18 per cent to 5 per cent. In the run up to the two-day GST Council meeting that started today, the Federation had written to the Union minister Also Read | Tamil Nadu Power Cut on September 4: TANGEDCO Maintenance to Hit Chennai Along With Parts of Thanjavur and Coimbatore; Know Timings and List of Affected Areas. In the letter, the Federation had stressed that the LPG Suraksha Hose ...Read More >
Mumbai: Amid concerns over possible LPG shortage, the Indian Railway Catering and Tourism Corporation has directed catering units at railway stations in its western zone to shift to microwave and induction plates and maintain stocks of ready-to-eat food items for passengers. Also Read: You may have to carry your food on trains as Railway catering may be suspended due to gas cylinder crisis In a communication issued on March 10, IRCTC asked operators of food plazas, refreshment rooms and 'Jan Ahaars' to switch to alternative arrangements to maintain seamless catering services for travelling p ...Read More >
New Delhi, Jul 4 (PTI) Godrej Consumer Products expects its margin from India business to stay below 'normative range' in June quarter, but is likely to deliver high-single digit value growth aided by volume expansion. The company's volume growth, in its standalone business, has been strongly competitive and is sequentially improving, said the Godrej Industries Group FMCG arm in its quarterly updates. "Standalone EBITDA margin in Q1FY26 is likely to be below our normative range but is expected to improve," said Godrej Consumer Products Ltd (GCPL). Its home care business, which includes hous ...Read More >
New Delhi : Coursera, Inc. (NYSE: COUR), a leading online learning platform, today announced the appointment of Ashutosh Gupta as Managing Director for India and Asia Pacific. In this role, he will lead Coursera's enterprise business across the region, working closely with companies, campuses, and governments to equip students, citizens, and employees with skills for the digital economy. "Ashutosh's deep experience in the region and his work with mission-driven organizations make him an ideal leader to drive Coursera's next phase of growth in Asia Pacific," said Karine Allouche, General Manag ...Read More >
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has secured a $225.5 million contract from Kuwait Oil Company to build, operate and manage a gas sweetening and sulphur recovery facility at Kuwait's oilfields. The project will be completed in 790 days, followed by five years of operations and maintenance. Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contract ...Read More >
New Delhi, Jul 4 (PTI) Godrej Consumer Products expects its margin from India business to stay below 'normative range' in June quarter, but is likely to deliver high-single digit value growth aided by volume expansion. The company's volume growth, in its standalone business, has been strongly competitive and is sequentially improving, said the Godrej Industries Group FMCG arm in its quarterly updates. Also Read | Bodoland Lottery Result Today, July 04, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "Standalone EBITDA margin in Q1 ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
New Delhi: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite repeated calls for relief. This marks the fourth price cut since March 2025, when commercial LPG saw a ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...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 >
Margao (Goa) [India], July 19 (ANI): Goa witnessed an extraordinary rise in tourist arrivals in the first six months of 2025, with over 54.55 lakh visitors flocking to the coastal state, including 2.71 lakh international tourists. Goa tourism graph has scaled remarkable heights in the first half of 2025, registering a record-breaking surge in both domestic and international arrivals. According to the Department of Tourism, the state welcomed an unprecedented number of visitors between January and June, reinforcing its status as one of India most preferred and evolving travel destinations. P ...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 >
Indian rupee (left) and US dollar currency notes are held by a foreign exchange employee. File/AFP India will not accept limits on its trading choices or rush to sign agreements, Trade Minister Piyush Goyal said on Friday, even as a senior government official said a bilateral trade deal with Washington was "very near." "India will not sign any trade deal in a hurry," Goyal said during a speech at the Berlin Global Dialogue, referring to European Union and the US concerns over India's continued purchases of Russian oil. Alongside ongoing EU free trade pact negotiations, India is in trade tal ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
New Delhi [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...Read More >
New Delhi: Bringing the much needed relief to the common man, Oil marketing companies have revised the prices of commercial LPG gas cylinders effective from 1 July 2025. The rate of a 19 kg commercial LPG gas cylinder has been reduced by Rs Rs 58.5 effective today. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder is Rs 1,665 from today. However, the prices of domestic LPG cylinders will remain unchanged. Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 last year. It is important t ...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 >
New Delhi: Oil companies on Tuesday slashed the price of commercial LPG cylinders by ₹58.5 with effect from July 1. A 19-kg commercial cylinder now costs ₹1,672 in Kochi and ₹1,693 in Thiruvananthapuram. This marks the fourth consecutive reduction in commercial LPG prices. Rates were earlier cut by ₹24 on June 1, ₹14.50 on May 1, and ₹41 on April 1--amounting to a total reduction of ₹138 since April. However, in a contrasting move, the price of aviation turbine fuel (ATF) was hiked sharply by ₹6,271.5 per kilolitre, or 7.5%, bringing the price in Delhi to ₹89,344.05 per kl. This reverses a t ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
New Delhi: With the strong domestic demand that played a key driver for new orders and production, India's factory activity expanded at its fastest pace in four months in February, although export growth cooled to its slowest rate in nearly a year-and-a-half, a private survey showed on Monday. The survey showed that the seasonally adjusted HSBC India manufacturing purchasing managers' index or PMI rose from 55.4 in January to a four-month high of 56.9 in February. In the PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. Commenting on the survey, Pran ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
New Delhi [India], October 1 (ANI): Oil marketing companies have revised the prices of commercial LPG cylinders, effective from Wednesday, October 1. The rate of a 19 kg commercial LPG cylinder has been increased by Rs 15.50. Also Read | Jaunpur: 75-Year-Old Farmer Marries 35-Year-Old Bride, Dies the Morning After Wedding in UP. Following the revision, the retail sale price of a 19 kg commercial LPG cylinder in Delhi will be Rs 1595.50 from today. The hike comes as part of the regular monthly revision in LPG prices by oil marketing companies. However, there has been no change in the prices ...Read More >
New Delhi, Nov 17 (SocialNews.XYZ) India and the US are "nearing closure" of their talks for signing the first tranche of the proposed Bilateral Trade Agreement (BTA), Commerce Secretary Rajesh Agrawal indicated on Monday. Agrawal told journalists that the two countries have been holding regular virtual rounds of talks on the BTA. Although no formal deadlines can be set on the issue, the first stage of the trade talks is progressing swiftly, he added. US President Donald Trump sent positive signals on strengthening U.S.-India relations last week, raising fresh hopes that a bilateral trade ag ...Read More >
Gurugram, July 8: BMW Group India on Tuesday announced to appoint Hardeep Singh Brar as the President and Chief Executive Officer (CEO), effective from September 1. Brar succeeds Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand, the luxury automaker said in a statement. "India is among the fastest growing markets for BMW Group and an important pillar of our long-term success strategy for the region. Hardeep Singh Brar holds vast expertise and an intricate understating of Indian automotive industry to lead this dynamic market and strengthen BM ...Read More >
Gurugram (Haryana) [India], July 8: BMW Group India has announced a change in personnel at the helm with Mr. Hardeep Singh Brar being appointed as the President and Chief Executive Officer effective 1 September 2025. Also Read | Dau Lal Vaishnaw Dies: Union Minister Ashwini Vaishnaw's Father Passes Away in Jodhpur. Mr. Hardeep Singh Brar succeeds Mr. Vikram Pawah who is taking charge as Chief Executive Officer of BMW Group Australia and New Zealand. Mr. Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said, "India is among t ...Read More >
India and the US are nearing a trade agreement. Tariffs on Indian exports could drop from 50% to 15-16%. This deal may involve India gradually reducing Russian oil imports. In return, the US is expected to offer concessions on energy trade. Both nations are also discussing increased imports of American corn and soymeal into India. India and the US are in extensive and advanced stage of talks on a trade deal that could see tariffs on Indian exports drop to 15% to 16% from the current 50%, mint reported citing sources. Earlier, Chief Economic Advisor (CEA) V Anantha Nageswaran was optimistic o ...Read More >