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: Announcing that the property tax amnesty scheme has been extended till April 30, Delhi Mayor Sardar Raja Iqbal Singh on Tuesday urged all eligible taxpayers to take advantage of the SUNIYO scheme. "In view of the positive response and appreciation from citizens, the property tax amnesty scheme 2025-26, Sumpattikar Niptaan Yojana (SUNIYO), has been extended until April 30," he said, adding, "We appeal to all property owners and occupiers to make full use of this valuable opportunity under SUNIYO and clear their pending property tax dues without incurring penalties or interest." Additionally, the Mayor highlighted that citizens are actively participating in the tax amnesty scheme and benefiting from the SUNIYO initiative. "We have not increased the late fee and are maintaining it at the same rate applicable during the previously extended period of February and March, at 5%, i.e., from February 1 to March 30," he added. Under the SUNIYO scheme, taxpayers can avail a complete waiver of property tax, along with interest and penalties, for dues prior to the financial year 2020-21, provided they pay the principal amount of property tax -- without interest or penalties -- for the current year (2025-26) and the previous five financial years (FY 2020-21 to 2024-25). Accordingly, the MCD has urged defaulters to take advantage of the SUNIYO scheme and clear all outstanding property tax dues or liabilities. Following the closure of the scheme period, coercive action will be initiated against defaulters or non-filing taxpayers who fail to pay their property tax.
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 [India], July 10 (ANI): Delhi Chief Minister Rekha Gupta on Thursday claimed that there was no waterlogging in the national capital following heavy rain in Delhi-NCR from Wednesday night. CM Rekha Gupta said, 'We are solving the backlog of the last 27 years of Delhi one by one. Even after such heavy rains, there was no waterlogging in Delhi.' She added that there was no waterlogging at Minto Bridge, which made headlines in the media every monsoon. 'It was a trend for a picture of a waterlogged Minto Bridge to be published in the newspapers. But this time it did not happen,' the Ch ...Read More >
New Delhi, Jul 12 (PTI) Chief Minister Rekha Gupta on Saturday directed that one-third of the land reclaimed from Delhi's three major landfill sites should be used for public welfare projects such as hospitals, schools and sports complexes, while the remaining area be developed into advanced waste processing facilities. The directive was issued during a meeting held here to review the city's solid waste management progress, as the government aims to eliminate legacy waste dumps by 2026. The chief minister chaired the meeting along with Delhi Mayor Sardar Raja Iqbal Singh to review solid wast ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47-Year-Old Man Dies by Suicide After Failing to Arrange Funds for Son's Engineering College Admission. ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders at Sasaram in Rohtas district on Wednesday and reviewed preparations for Rahul Gandhi's visit to Bi ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
GURGAON: Residents have until Tuesday to clear pending property tax and water bills. From April 1, with the start of the new financial year, unpaid property tax will attract 18% annual interest and overdue water bills will carry a surcharge.To facilitate last-minute payments, MCG has decided to keep all concerned corporation offices open on Tuesday despite the holiday so that residents can clear their pending bills. Officials said consumers who fail to deposit their dues by the deadline will have to bear additional financial burden in the form of penalties.MCG commissioner Pradeep Dahiya urged ...Read More >
Panvel, March 31: The Panvel Municipal Corporation has recorded its highest-ever property tax collection of Rs 691 crore in the financial year 2025-26, officials said on Tuesday, crediting a mix of rebates, enforcement drives, and sustained outreach to taxpayers. Structured recovery plan drives collections Officials informed that the milestone was achieved through a year-long, structured recovery plan that included penalty waivers, field visits, and strict action against defaulters. Rebates and extended hours boost compliance Civic officials said a 90% waiver on penalties offered till Sept ...Read More >
Chandigarh: Haryana chief minister Nayab Singh Saini on Tuesday said the state govt was consistently working to provide better resources to the doctors and quality healthcare services to the citizens.He mentioned that medical colleges were being established in every district.While there were only six medical colleges in 2014, the number has now increased to 15, and nine new colleges are under construction. As a result, MBBS seats in the state increased from 700 in 2014 to 2,185, at present. The state govt aims to increase the MBBS seats to over 3,400 by 2029, said Saini.The CM was addressing a ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth Office mentioned in a letter that the Indian govt had sought British advice over a plan to remove Si ...Read More >
MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 years, basic accounts/PM Jan Dhan Yojana accounts, or those opened before July 31, 2025.Meanwhile, HD ...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 >
Navi Mumbai, March 30: The Navi Mumbai Municipal Corporation (NMMC) on Monday presented its budget for the financial year 2026-27, with Standing Committee Chairman Ashok Patil tabling estimates of Rs 6,704.43 crore in receipts and Rs 6,689.43 crore in expenditure before the general body for approval. Financial estimates and balances The civic body has projected a closing balance of Rs 15 crore, with an opening balance of Rs 1,265.83 crore carried forward into the new financial year. Alongside, the revised estimates for 2025-26 were also presented, indicating a total available fund of Rs 5,8 ...Read More >
New Delhi, Mar 30 (PTI) The New Delhi Municipal Council on Monday said that implementing the Unit Area Method (UAM) could reduce property tax by 30 to 50 per cent, particularly benefiting old and self-occupied properties. The move is part of key amendments under the Jan Vishwas (Amendment of Provisions) Bill, 2026, which was introduced by Minister of State for Commerce and Industry Jitin Prasada in the Lok Sabha on Friday. The bill proposed multiple changes to the Delhi Municipal Corporation Act, 1957. Highlighting the benefits of UAM, NDMC Vice-Chairperson Kuljeet Singh Chahal said that it ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Lucknow: Mayor Sushma Kharkwal participated in a two-day national conference of urban local body (ULB) heads in Manesar (Haryana) and stressed on urban development and the role of women in local governance.Representatives from across the country, including mayors, municipal corporators, zila parishad heads, and urban planners, participated in the event.Kharkwal highlighted the need to implement the 74th Constitutional Amendment in full, to give ULBs more authority in decision-making, financial matters and administration. She presented steps taken by the Lucknow Municipal Corporation, including ...Read More >
NEW DELHI: Amid ongoing controversy over opening of meat shops, the Municipal Corporation of Delhi (MCD) on Thursday made it clear that there is no provision to shut meat shops on the kanwar yatra routes under the DMC ACT, 1957. The statement came a day after Culture and Tourism Minister Kapil Mishra said that meat shops would remain shut along the Yatra routes, claiming the decision was taken jointly by the Delhi government and the MCD. Speaking during an inspection from Apsara Border to Karol Bagh, Mishra said, "The MCD has taken a decision, and the government has also decided that all the ...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 >
New Delhi [India], July 10 (ANI): Delhi is experiencing incessant rainfall since Wednesday causing water logging in several areas including Bindapur in Uttam Nagar, where roads are submerged under water. The water logging has made the day to day activities of residents difficult. The rains lashed parts of Delhi and the National Capital Region (NCR) on Wednesday, bringing relief from days of intense heat. Waterlogging was witnessed in several parts of Delhi. Traffic also came to a standstill in many parts of the national capital following the heavy rainfall. Aam Aadmi Party ( AAP) Delhi Pres ...Read More >
New Delhi: Municipal Corporation of Delhi (MCD) brought forward the deadlines for the complete biomining of legacy waste at three landfills -- Okhla, Bhalswa, and Ghazipur -- and the reclamation of land from Dec 2028 to Dec 2026. The information was shared by the civic body after a high-level review meeting on solid waste management in Delhi. The meeting was held under the chairmanship of the CM Rekha Gupta, urban development minister Ashish Sood, mayor Sardar Raja Iqbal Singh, MCD commissioner Ashwani Kumar and other officials.Singh said the discussions focused on 13 key agenda points, mainly ...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: Nominations for the posts of Chairperson and Deputy Chairperson of the Standing Committee of the Municipal Corporation of Delhi (MCD) were filed on Friday at the office of the municipal secretary, with the elections for the posts slated for June 12. From the BJP, Satya Sharma filed her nomination for chairperson, and Sunder Singh filed for deputy chairperson. AAP's Praveen Kumar filed his nomination for chairperson and Mohini Jeenwal for deputy chairperson. "In the absence of the Standing Committee, major development plans could not be formulated in the corporation, but now all me ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mobiles Costing Up to INR 1.63 Lakh', Claims Delhi Minister Ashish Sood. According to the official re ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
Ranchi: The Ranchi Municipal Corporation (RMC) collected Rs 39.33 crore in property tax during the first quarter (April to June) of the 2025-26 financial year -- its highest-ever quarter-1 collection. The amount came from 81,320 taxpayers, according to official figures.The civic body attributed the rise in collections to multiple factors -- a tiered rebate system, increased digital adoption, expanded door-to-door collection, and payment facilitation centres. A 10% rebate on lump-sum payments was available until June 30, while earlier slabs in April and May offered 3%, 5%, and 7% rebates.Of the ...Read More >
New Delhi: Union Health Minister JP Nadda on Monday urged states to reassess their preparedness to fight dengue, particularly in light of the prolonged rainy season and waterlogging in certain areas. Nadda had held a similar meeting over dengue and malaria in the national capital last week. States have also been advised to intensify vector control, strengthen surveillance and rapid response in Delhi and NCR. During 2024, a total of 2,33,519 dengue cases and 297 deaths were reported from the country. In 2025 (till August 31) 49,573 cases and 42 deaths have been reported. Nadda chaired a high- ...Read More >
Jaipur: In a decisive move, the state govt informed the Rajasthan High Court Tuesday it would not cancel the controversial 2021 sub-inspector recruitment examination, despite allegations of paper leaks and use of dummy candidates. After months of protests for and against the demand to cancel the exam as well as the court's directives for administrative clarity in the matter, the state govt finally made its stand clear during the hearing before the single bench of Justice Sameer Jain.Advocate general Rajendra Prasad, representing the state govt, said, "The decision to continue with the recruitm ...Read More >