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: In a significant bureaucratic reshuffle, the Centre on Tuesday appointed Chanchal Kumar as Secretary in the Ministry of Information and Broadcasting (I&B) and Vir Vikram Yadav as Director General of the Directorate General of Civil Aviation (DGCA), with both officers assuming charge immediately. Chanchal Kumar, a 1992-batch IAS officer of the Bihar cadre, moves from his current role as Secretary of the Ministry of Development of North Eastern Region (DoNER), replacing Sanjay Jaju, who has been reassigned to head DoNER. Vir Vikram Yadav, an Odisha cadre IAS officer, takes over as DGCA from Faiz Ahmed Kidwai, who will now serve as Additional Secretary in the Department of Personnel and Training .The reshuffle, approved by the Appointments Committee of the Cabinet (ACC), also covers several other key ministries and departments at the secretary, additional secretary, and director general levels. Rohit Kansal, currently Additional Secretary in the Ministry of Textiles, has been appointed Secretary in the Department of Rural Development, reflecting the government's focus on strengthening leadership in rural development initiatives. Bhuvnesh Kumar, Chief Executive Officer of the Unique Identification Authority of India (UIDAI), has been named Secretary in the Ministry of Tourism, while Srivatsa Krishna, the outgoing Tourism Secretary, moves to the Ministry of Minority Affairs. These appointments are part of a broader effort to ensure administrative continuity and support policy implementation across critical government functions.
New Delhi, Dec 10: The Union Public Service Commission (UPSC) has announced the results of the Civil Services (Main) Examination 2024, conducted between September 20 and September 29, 2024. Candidates who qualified, identified by their roll numbers, will advance to the Personality Test (Interview) phase for selection to the Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS), and other Central Services (Group A and B). Key Guidelines for Candidates For assistance, candidates may contact UPSC via phone, fax, or email as specified in the official not ...Read More >
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 >
The Election Commission introduces new rules for voter enrollment. Voters enrolled after 2003-04 must now provide proof of citizenship. This includes a self-attested declaration and supporting documents. The move aims to remove illegal immigrants from the electoral roll. Bihar will be the first state to implement the special intensive revision. Other states will follow soon.In a move to identify and remove illegal immigrants wrongly included in the electoral rolls, the Election Commission has man ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
New Delhi: India is set to overtake Japan to become the world's fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEF's former MD Claude Smadja said. According to IMF data dated April 2025, India's GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japan's GDP per capita of USD 33,955.7, meaning Japan's per capita income is about 11.8 times higher than India's. "Yes, it (economy size) is a good indicator because it gives a notion of the economic weight of the country on the global balance. "No, it is not a go ...Read More >
Ludhiana, Jun 8 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Sunday asserted that his party will win the Ludhiana West assembly bypoll, scheduled to be held on june 19, with a "record margin". "Congress practically has no competition here", he claimed. Warring, who is also the Ludhiana MP, said that the ruling Aam Aadmi Party (AAP) was badly mistaken that the Congress would allow it to abuse power and misuse the official machinery for the elections. "First of all, we will not let any misuse of the official machinery and second, in case any official is found to be misusing ...Read More >
Mumbai, Jun 26 (PTI) Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took ...Read More >
Lucknow: In view of the Muharram observance scheduled between June 27 to July 6, director general of police (DGP) Rajeev Krishna issued a set of security guidelines to ensure communal harmony and public safety across the state during the period.The directives have been circulated to all zonal additional director generals, police commissioners, range IGs, DIGs, and senior superintendents of police, emphasising meticulous planning, proactive policing, and community engagement."No new traditions or processional routes are to be allowed without official sanction. Special focus has been placed on a ...Read More >
Thiruvananthapuram: Kerala Governor Rajendra Arlekar has written a strongly worded letter to Chief Minister Pinarayi Vijayan, criticising General Education Minister V Sivankutty for walking out of a function held at Raj Bhavan on June 19. The Governor described the incident as a breach of protocol and an insult to the constitutional office. The letter, dated June 26, refers to an awards ceremony for the Bharat Scouts and Guides, where Sivankutty -- who also serves as President of the Association's Kerala chapter -- objected to the presence of a garlanded portrait of Bharat Mata on the stage, ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS village on June 29 from 10 am to 5 pm. BESCOM's executive engineer has appealed to consumers to coop ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Mhow, Jun 7 (PTI) In a disturbing incident, a stray dog was seen clutching a dead newborn in its jaws near the toilet of a government hospital in Madhya Pradesh's Indore district on Saturday before a security guard managed to retrieve the body after shooing away the animal. Authorities at the civil hospital in Mhow, some 25 kilometres from the district headquarters, and police have begun a probe into the antecedents of the newborn and the chain of events that followed. ...Read More >
Over 331,000 devotees have already registered for the Amarnath Yatra, commencing on July 3 and concluding on August 9, 2025. Lieutenant Governor Manoj Sinha chaired a meeting to review preparations, focusing on essential amenities and safety measures along the Pahalgam and Baltal routes. The board discussed enhancing facilities, lodging, and services for a hassle-free pilgrimage. SRINAGAR: More than 3,31,000 devotees have registered so far for this year's Amarnath Yatra, which is set to begin on ...Read More >
NEW DELHI: Fairfax Financial Holdings on Thursday named former civil servant Amitabh Kant as a senior advisor. Kant, who recently stepped down as India's G20 sherpa, will help Fairfax India pursue its plans in the country."Amitabh has outstanding experience in many of the key areas that India intends to grow significantly in coming years, but what we really value is his high integrity and alignment with the values of Fairfax. We look forward to working with him to further enhance Fairfax's long-term objectives, delivering lasting value for our investors and stakeholders, while upholding our co ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...Read More >
New Delhi: The Supreme Court on Wednesday decided to grant anticipatory bail to former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. The matter was heard by a bench consisting of justices BV Nagarathna and Satish Chandra Sharma. "What is the grave crime she has committed? She is not a drug lord or a terrorist. She has not committed 302 (murder). She is not an NDPS offender", said the bench. "You should have a system or software. You complete the investigation. She has lost everything and will not ge ...Read More >
Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the Jharkhand liquor scam. Both officers have already been named as accused in the Chhattisgarh liquor s ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
MUMBAI: Three judges of the Bombay high court (HC) have recused themselves from hearing a plea filed by the chief executive officer (CEO) and managing director (MD) of HDFC Bank, Sashidhar Jagdishan, to quash a First Information Report (FIR) registered against him at Bandra police station on June 8, based on a complaint by the Lilavati Kirtilal Mehta Medical Trust. The Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, had alleged that Jagdishan had accepted kickbacks worth ₹2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group, erstwhile t ...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 >
Bengaluru: The Karnataka State Cricket Association (KSCA) administrative committee on Friday moved the High Court seeking the quashing of the FIR against them in connection with the stampede that occurred outside the Chinnaswamy Stadium on Wednesday. The petition filed by committee president Raghuram Bhat, secretary A Shankar, and treasurer E S Jayaram is scheduled for hearing at 2.30 pm today before a bench of Justice Krishna Kumar. Police on Thursday registered an FIR against RCB, event management firm DNA Entertainment Private Limited, and Karnataka State Cricket Association (KSCA). Karna ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. Also Read | How To Activate Your UAN O ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Mumbai (Maharshtra) [India], May 29 (ANI): The Central Bureau of Investigation on Thursday (CBI) arrested two accused, including a Junior Passport Assistant working at the Passport Seva Kendra (PSK), Lower Parel, Mumbai, and an agent, in connection with a corruption case involving the issuance of passports based on fake documents in exchange for bribes. A case was registered by CBI against the Office Assistant/Verification Officer at PSK Lower Parel and other private persons working as passport agents. The FIR alleges that during 2023-2024, the accused public servant entered into a criminal c ...Read More >
Bengaluru, June 5 (SocialNews.XYZ) The Karnataka Police in the FIR registered regarding the June 4 stampede incident near the Chinnaswamy Stadium here which resulted in the deaths of at least 11 people, claimed that the accused parties -- Royal Challengers Bengaluru (RCB) franchise, DNA event management firm, and the Karnataka State Cricket Association (KSCA) Administrative Committee -- organised the victory celebration without the necessary permissions. The FIR filed by the Cubbon Park police on Thursday further stated that due to the initiation of all possible precautionary measures by the ...Read More >
A one-man inquiry commission, led by retired Justice John Michael Cunha, has been formed by the Karnataka government to investigate the stampede at the RCB victory celebration that resulted in 11 deaths. The commission will identify those responsible for any procedural lapses and suggest preventative measures.The one-man inquiry commission constituted by the Karnataka government under retired High Court judge John Michael Cunha to inquire into the June 4 stampede that killed 11 people, has been a ...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 >