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.
Chandigarh: The Punjab govt has approved major reforms to its existing policy to streamline the conversion of industrial plots and sheds from leasehold to freehold status, industries minister Sanjeev Arora said on Tuesday.The amended policy fixes the conversion fee at 5% and offers a 100% stamp duty exemption for all conversions completed by April 30, 2026.To expedite the transition, the govt has simplified documentation by replacing notarised affidavits with self-declarations and allowing bank letters to suffice for properties with mortgaged lease deeds, said the minister.As per the revised policy, unearned increase charges will no longer apply to family transfers, inheritance or cases where the clause is absent from title documents. Furthermore, the state govt has approved the rationalisation of post-allotment services for freehold plot holders, reclassifying 18 services from mandatory to optional. Approval powers have also been delegated to estate officers to ensure the time-bound disposal of pending cases.To address overlapping costs, the Punjab Common Infrastructure (Regulation & Maintenance) Amendment Bill, 2026, stipulates that service charges will now subsume property tax in municipal areas, effectively ending double taxation for industrial units. These charges will be collected through electricity bills via PSPCL to ensure transparency, said Arora. Additionally, the maintenance of industrial focal points and clusters will be transitioned to industry-led Special Purpose Vehicles. These SPVs, managed by a seven-member elected committee of allottees, will receive 90% of the collected funds for local upkeep, while the remaining 10% will be reserved for broader infrastructure upgrades, he added.Arora noted that these reforms were finalised after consultations with industry stakeholders to boost the ease of doing business and create a more transparent, self-sustaining industrial ecosystem.MSID:: 129930852 413 |
Bengaluru: Mysuru Dasara is set to run for 11 days this year -- a rare extension driven by celestial alignment and cultural planning -- with the inaugural ceremony on Sept 22 and the grand Jamboo Savari taking place on Oct 2, coinciding with Vijayadashami and Gandhi Jayanti.Chairing a high-level meeting at Vidhana Soudha Friday, chief minister Siddaramaiah said, "Mysuru Dasara in 2025 will be celebrated for 11 days, due to a unique astronomical occurrence -- the Panchami tithi (fifth lunar day) will appear on two consecutive days, Sept 26 and 27, a rare alignment that hasn't occurred in nearly ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
Pune: The civic body's clean-up drive across the city earlier this month saw numerous encroachments razed and citizens fined for littering. At the same time, the activity raised a key question: Although the civic body holds citizens responsible for cleanliness, is it staying accountable for the uncleared garden waste across various areas?Fallen branches, palm fronds, leaves, uprooted bushes and even certain felled trees have taken over roadsides, pavements and empty open land plots for a while now, especially after Pune Municipal Corporation's (PMC) pre-monsoon tree trimming activity.According ...Read More >
NAGPUR: Maharashtra govt has approved the regularisation of residential encroachments existing on govt land since Jan 1, 2011, or earlier, free of cost for up to 500 sqft, in order to provide housing security to lakhs of low-income families. The scheme will not cover Mumbai and Mumbai Suburban districts."It is the govt's firm stand that no needy family in the state should remain without shelter," revenue minister Chandrashekhar Bawankule said in a media statement on Sunday, adding that its progress will be reviewed every three months. As per a govt resolution issued on Friday, encroachments be ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
New Delhi, April 1 (UNI): Municipal Corporation of Delhi (MCD) has reported a record-breaking rise in property tax collection for the financial year 2025-26, signaling improved compliance and stronger enforcement. According to official data, the civic body collected Rs 3,116.62 crore by March 31, marking a significant 46.12% increase compared to Rs 2,132.89 crore in the previous financial year. Officials credited the achievement to administrative reforms and leadership under Delhi Mayor Raja Iqbal Singh, alongside sustained efforts by the Assessment and Collection Department. The number of ...Read More >
Chandigarh, April 3 (UNI) Punjab Cabinet Minister for Local Government, Industries & Commerce, Investment Promotion, and Power, Sanjeev Arora, on Friday, unveiled a comprehensive roadmap on Friday to transform the state's urban infrastructure. The Minister announced a major infrastructure blitz, including the reconstruction and repair of 2,120 kilometers of roads across various Municipal Corporations and Councils. This initiative, budgeted at ₹1,300 crore, is slated for completion by the end of May 2026. The government is prioritizing the use of advanced technology to ensure durable, pothole- ...Read More >
New Delhi, Jul 2 (PTI) The Supreme Court has allowed realty firm M3M Group's plea for substitution of the provisionally attached property by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002. A bench of Justices P S Narasimha and R Mahadevan, however, said the substitution of the property would be subject to nine conditions as suggested by ED. Also Read | Starlink Free To Launch Services in India After IN-SPACe Grants Necessary Regulatory and Licensing Approvals: Union Communication Minister Jyotiraditya Scindia. "We have heard Dr Abhishek Manu Singhvi, senior c ...Read More >
Mumbai, March 31: The BMC is confident to achieve 100% property tax collection for the financial year 2025-26, with 94.12% of its target already realised. According to civic officials, the BMC has collected Rs 6,910 crore, and penalty of Rs 274, against its target of Rs 7,341 crore as of the night of March 30, marking the highest-ever recovery at this stage of the fiscal year. Deputy Municipal Commissioner (Assessment & Collection) Vishwas Shankarwar stated that the remaining 6% is expected to be collected by the night of March 31, as a large number of taxpayers typically make payments on the ...Read More >
New Delhi: The Municipal Corporation of Delhi has collected property tax worth ₹3,116 crore in 2025-26, running short of the ₹3,500 crore target set by the civic body. Overall 13,52,552 properties paid their taxes, however, a large section of Delhi still remains out of tax net as only a fraction of the number of properties pay property taxes in the city. MCD revenue of ₹3,116 crore was collected from 1,352,562 property tax payers in comparison to ₹2,132.89 crore received from 1,133,161 taxpayers in 2024-25. "Although the corporation witnessed a 46% increase in property tax revenue, it fell ...Read More >
The Punjab Cabinet approved amendments to the state's conversion policy, facilitating industrial plot conversions into various uses. This move addresses industrialists' concerns, aims to streamline estate management, and enhance business ease. Additional policies target micro and small enterprise operations and restructure state financial directorates for efficiency. The Punjab Cabinet has given the green light to amendments in the conversion policy, offering opportunities for industrial plots t ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UPI with Gold Loans enables customers to access instant credit against their gold holdings. The produc ...Read More >
Bengaluru: The Greater Bengaluru Authority (GBA) has proposed raising permissible deviations from sanctioned building plans to 15 per cent from the existing 5 per cent. This move primarily aims to provide relief to lakhs of properties stuck without occupancy certificates (OCs), which subsequently prevented them from receiving utility service connections like power and water. The Supreme Court in December 2024 ordered state governments not to provide water and electricity connections to houses without OCs. Since then, around 3 to 3.5 lakh properties in Bengaluru have not received Occupancy Cer ...Read More >
Haryana Real Estate Regulatory Authority (HRERA) has ordered builder Chintels India Pvt Ltd to pay compensation of over Rs 4 crore to a homebuyer, who had filed a complaint after a fatal structural collapse in Tower D revealed widespread construction defects. The complaint was filed by Delhi resident Aruna Garg, who had purchased a 4 BHK flat in Tower C of the project located in Sector 109. According to her complaint, she paid approximately Rs 1.8 crore, more than the agreed price, and took possession in October 2019. However, soon after, problems began to appear in the flat, including broken ...Read More >
BENGALURU: BBMP marshals deployed at lake security and supervision wing, ward monitoring and Indira Canteens are working without salaries since March. The situation has arisen after Bangalore Solid Waste Management Limited was carved out of BBMP for garbage management. Their salaries are usually given through the Ex-Servicemen Welfare Society and each marshal is paid Rs 17,500 monthly. "Supervisors say the delay is due to a set of procedures. Earlier, the amount was given to the Ex-Servicemen Welfare Society towards payments from BBMP. Now the files have to be cleared from BWSML to ward mars ...Read More >
We will seek their comments to make new industrial policy a reality. We want to come out with the new policy as soon as possible, said AroraSource : pexel Punjab Industries Minister Sanjeev Arora on Thursday said industry-specific committees will be formed to advise the state government for shaping up a new industrial policy. Arora said a total of 22 committees comprising industrialists will be formed. Each committee will comprise 8 to 10 members with its chairman, said Arora while addressing t ...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, Apr 1 (PTI) The Municipal Corporation of Delhi (MCD) has recorded a 46 per cent rise in property tax collection in 2025-26, due to improved compliance, enforcement measures and the property amnesty scheme. According to an official statement issued by the civic body on Wednesday, property tax collection surged 46.12 per cent to Rs 3,116.62 crore in FY26 from Rs 2,132.89 crore collected in the previous financial year. The number of taxpayers increased 19.36 per cent to 13,52,562 in 2025-26 from 11,33,161 a year ago, it added. The corporation said that a significant share of the rev ...Read More >
Kolkata: Luxmi Group, owner of the iconic Makaibari Tea Estate, has acquired a majority stake in UK-based Brew Tea Co. Brew Tea deals exclusively with orthodox tea and has both an online and offline presence in the UK.Luxmi Group acquired an 80% stake in the company, while the remaining 20% remains with the existing promoters. After Tetley and Typhoo, this acquisition marks another British tea company being acquired by an Indian corporate, though it may not be of the same magnitude.Brew Tea Co was founded in Manchester by Phil and Aideen Kirby and has grown into a specialty tea brand, having a ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...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 >
Chandigarh, June 26 (SocialNews.XYZ) The Punjab Cabinet, led by Chief Minister Bhagwant Mann, on Thursday, approved significant amendments to the state's conversion policy, enabling the conversion of industrial plots into hospitals, hotels, industrial parks, and other permitted purposes. A spokesperson for the Chief Minister's Office said that earlier conversion policies were introduced in 2008, 2016, and 2021. However, industrial associations had raised concerns about certain restrictive conditions in the 2021 policy. In response, a committee reviewed requests from industrialists and propo ...Read More >
Lucknow: Chief Minister Yogi Adityanath on Friday said the state MSME department would soon come up with a dedicated policy to promote UP's leather and non-leather footwear manufacturing sectors for global competition."It is important to identify regions in the state best suited for industry specific development. Integrating production, design, research and training on a single platform could not only attract largescale investments but also generate employment opportunities for lakhs," the CM said while discussing the draft of the said policy. He added that this integrated approach would help ...Read More >
Bengaluru Stampede Probe: The Karnataka government's status report on the deadly stampede outside Bengaluru's M. Chinnaswamy Stadium lays primary blame on RCB, its event management partner DNA Entertainment Networks Pvt. Ltd, and the Karnataka State Cricket Association (KSCA), accusing them of unilaterally organising the mass public event without securing legal permission or coordinating with city authorities. The question here arises is - All To Blame But Congress Govt? Watch panel discussion on Times Now's show, Newshour Agenda with Madhavdas GK. ...Read More >
Pune (Maharashtra) [India], October 17: Dhanteras marks the beginning of Diwali, and it is celebrated across India to invite prosperity, health, and good fortune. It is also highly auspicious for fresh beginnings, including planning for a future home, as it attracts prosperity and positive energy. Lenders like Bajaj Housing Finance also extend festive offers during this period, including lower processing fees and attractive interest rates, making this the ideal time to use Diwali bonuses. Also Read | When Is Muhurat Trading 2025? Which Stocks To Pick During Diwali Muhurat Trading? List of 10 ...Read More >
Lucknow: Based on its on-ground experience of interaction with UP's diaspora in Maharashtra, Uttar Pradesh Development Forum -- a not-for-profit social organisation working to integrate UP diaspora for development of the state -- has urged the Uttar Pradesh govt to establish a dedicated MSME National Stock Exchange in Uttar Pradesh. In a letter to UP MSME minister Rakesh Sachan, UPDF president Pankaj Jaiswal wrote: "While existing stock exchanges such as BSE and NSE offer an SME platform for IPOs, these often operate under the overwhelming shadow of large-cap markets much like a sapling growin ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant on China for high-precision tools, specialized machinery, and critical components. Over the past eigh ...Read More >
Patna, Jul 19 (PTI) The Bihar government on Saturday said that more than 12,000 new polling stations have been created in the state as per the recommendation of the Election Commission, as part of special intensive revision (SIR). According to a release issued by the election department, the total number of polling stations has risen to 90,712 from 77,895, after the establishment of 12,817 new ones. Of these, 12,479 polling stations have been set up "at the same building or premises housing the existing ones", while the remaining ones are "in the vicinity". A "district-wise list" of the new ...Read More >
Jammu (Jammu and Kashmir) [India], July 2 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha participated in a special aarti at the Jammu Tawi riverfront. Sinha also visited the Amarnath Yatri Niwas base camp on Tuesday evening. After inspecting the Yatri Niwas base camp, Sinha stated that the security arrangements for the Yatra are more robust than ever before. 'I have witnessed the last four Yatras. The arrangements are better than ever, as far as the security and convenience of pilgrims are concerned... The manner in which pilgrims have come here from across the country - till now, ...Read More >
Aug 14 (Reuters) - Australian power producer Origin Energy (ORG.AX), opens new tab signalled higher operating earnings at its energy retailing segment in the coming year on Thursday after reporting better-than-expected 2025 earnings, sending its shares to the highest in over a decade. The country's largest gas and electricity retailer forecast underlying operating earnings from its Energy Markets division between A$1.4 billion and A$1.7 billion ($916.4 million-$1.11 billion) in fiscal 2026. The ...Read More >