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 [India], April 1 (ANI): The Credit Market Indicator (CMI) for supply rose in the December 2025 quarter, according to the gold-loan-credit-market. This upward movement in credit supply was primarily the result of a significant increase in gold loan originations across both volume and value. The report noted that "CMI for supply rose in the December 2025 quarter, driven by higher originations in Gold loans both by volume and value." Gold loan originations surged by 45 per cent in volume and 108 per cent in value during the three-month period ending in December 2025. This momentum established the category as the largest product by share of retail originations, accounting for 36 per cent of total volume and 39 per cent of total value. The report stated that "one of the critical factors driving Gold Loan growth in the December 2025 quarter is the sharp rise in underlying asset values, which have doubled since March 2023." As a result of this valuation spike, "average ticket sizes have increased by 1.8x, indicating that as gold valuations rise, consumers are leveraging higher-value loans to meet their financing needs." The report clarified that "the category's expansion is being shaped not only by demand but also by market-linked asset appreciation, making future growth sensitive to movements in gold prices." Gold loans now represent the second-largest retail product by outstanding balances at 11 per cent, positioned only behind the housing sector. Geographically, while southern states continued to represent more than half of all gold loan originations, new regions showed accelerated growth. The report found that "western and northern states--particularly Rajasthan, Uttar Pradesh and Madhya Pradesh--are now expanding at above-average growth rates." Specifically, Rajasthan saw a 79 per cent year-on-year growth in volume, while Uttar Pradesh recorded a 96 per cent increase. According to the report, "lenders continue to focus on credit tested consumers with prime and above consumers making up 57% of all originations." Women made up approximately 40 per cent of the gold loan consumer base, and 68 per cent of originations came from rural and semi-urban areas. The report stated that "gold loans are expanding beyond traditional strongholds and attracting more diverse credit profile consumers, positioning the product as a mainstream retail lending category." Other credit categories showed varied performance during the same period. Home loans and consumer durable loans maintained positive momentum despite declines in the previous year, with home loan values increasing by 13 per cent. Conversely, credit card originations experienced an 11 per cent decline in volume. (ANI)
New Delhi [India], December 3 (ANI): Indian hockey player Jarmanpreet Singh said that the return of the Hockey India League (HIL) will help up-and-coming players learn more about the overseas players and would help India in ultimately securing the gold medal in Los Angeles 2028 Olympics. Jarmanpreet spoke to ANI about the return of the Hockey India League, team India winning the Paris Olympics 2024 bronze and the Asian Champions Trophy, the retirement of legendary goalkeeper PR Sreejesh etc. Speaking about the return of HIL, Jarmanpreet said to ANI, "Yes (if it will help Team India get LA 20 ...Read More >
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 >
Hyderabad (Telangana) [India], July 5 (ANI): Telangana BJP president N Ramchander Rao on Saturday accused the Congress of misleading the country with its claim that the BJP-led government at the Centre wants to change the Constitution. He added that AICC has now become the 'All India Cheating Congress'. "The words 'secular' and 'socialist' were not there in the Constitution. It was added after the 42nd Amendment. The Amendment was brought during the Emergency. Emergency was a black day in the democratic history of our country. So, the original Constitution did not have the words 'secular' and ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...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 >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price surge by 2030. According to Valhil Capital's deep‑dive report, XRP could climb from its current price into a range between $4,813 and $9,000 in just five years. That forecast hinges on a model that treats XRP not only as a quick way to move money but also as a store of value. According to the Athey & Mitchnick Model used by Valhil Capital, XRP's role goes way beyond ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
Bengaluru (Karnataka) [India] July 4 (ANI): The inaugural edition of the 'Neeraj Chopra Classic 2025' is set to bring together a stellar line-up of world-class javelin talent from India and across the globe. Scheduled for July 5, 2025, at the Sree Kanteerava Stadium in Bengaluru, the event marks a significant milestone in Indian athletics. Also Read | Highest Test Scores In An Innings: From Brian Lara To David Warner, A Look at Top 10 Highest Individual Scores in History of Longest Format of Cricket. As a World Athletics-sanctioned Gold-level meet, the 'Neeraj Chopra Classic 2025' will be I ...Read More >
Bengaluru (Karnataka) [India], July 5 (ANI): Two-time Olympic medallist Neeraj Chopra took the top honours in the inaugural edition of the Neeraj Chopra Classic, a competition named after him at Sri Kanteerava Outdoor Stadium in Bengaluru on Saturday. The reigning javelin throw champion stood triumphant with 86.18m in a competition named after him. Kenya's Julius Yego notched up his season best and settled for second with 84.51m. Sri Lanka's Rumesh Pathirage claimed the third position with a best throw of 84.34m. While some athletes came close to challenging Neeraj's supremacy, the Indian's ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Propose to the Actress (See Pics). The electricity derivatives contracts to be introduced by MCX will ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Vijayawada (Andhra Pradesh) [India], June 8 (ANI): Andhra Pradesh governor S. Abdul Nazeer congratulated reigning Asian champion and Olympian Jyothi Yarraji on winning the gold medal in an impressive 12.99 seconds time in the women's 100m hurdles at the Taiwan Athletics Open 2025 in Taipei. Jyothi Yarraji continued her scorching form this season after she scripted a victory in the women's 100m hurdles as India bagged six gold medals on the opening day of the Taiwan Athletics Open 2025 in Chinese Taipei on Saturday. Also Read | India National Cricket Team Kicks Off Intense Training Ahead of F ...Read More >
Mumbai: The board of IndusInd Bank has shortlisted three candidates for the role of managing director and chief executive officer - Rajiv Anand, deputy managing director at Axis Bank; Rahul Shukla, group head of commercial and rural banking at HDFC Bank; and Anup Saha, managing director of Bajaj Finance. With the Reserve Bank of India's June 30 deadline nearing, the board is unlikely to consider more contenders, people aware of the development said. The RBI had asked the board to submit three names by the end of this month. IndusInd Bank chairman Sunil Mehta had earlier told analysts that th ...Read More >
Mumbai (Maharashtra) [India], July 8 (ANI): The Indian stock markets on Tuesday ended higher, recovering from the flat opening due to the news of a possible mini trade deal between India and the United States late in the night. Stock markets opened under pressure as concerns over US President Donald Trump fresh tariff measures took center stage. At the end of the trading session, the Sensex was up 270.01 points or 0.32 per cent, at 83,712.51, and the Nifty was up 61.20 points or 0.24 per cent, at 25,522.50. The Financial heavyweights helped Nifty and Nifty Bank close in the green. Kotak Ban ...Read More >
Mumbai (Maharashtra) [India], July 8 (ANI): The Indian stock markets on Tuesday ended higher, recovering from the flat opening due to the news of a possible mini trade deal between India and the United States late in the night. Stock markets opened under pressure as concerns over US President Donald Trump's fresh tariff measures took center stage. At the end of the trading session, the Sensex was up 270.01 points or 0.32 per cent, at 83,712.51, and the Nifty was up 61.20 points or 0.24 per cent, at 25,522.50. The Financial heavyweights helped Nifty and Nifty Bank close in the green. Kotak B ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Team India secured a total of 588 medals, including 280 gold medals, at the recent 21st edition of the World Police and Fire Games 2025 in Birmingham, Alabama, USA. Team India ranked third in the overall charts, behind the USA (1,354 medals, including 569 gold, 433 silver, and 352 bronze medals) and Brazil (743 medals, including 266 gold, 246 silver, and 231 bronze medals), as per the competition's website. India will be hosting the 2029 edition of the tournament in Ahmedabad. Recently in June, Gujarat Chief Minister Bhupendra Patel announced that G ...Read More >
In the financial sector, the rise of generalist lenders is gaining traction as market dynamics shift. Once overlooked, lenders offering a broad spectrum of services are now favored over specialists like microfinance or affordable housing lenders. Post-COVID, regulatory pressures and emerging risks in niche sectors have driven many lenders to diversify their portfolios, appealing to investors seeking stability. From gold loans to SME lending, diversification mitigates risk and strengthens customer relationships. As the financial landscape evolves, the demand for generalist lenders is expected t ...Read More >
New Delhi [India], December 11 (ANI): Rohini District Court on Wednesday issued a notice to BJP MP Bansuri Swaraj in a civil defamation suit filed by AAP leader Satyendra Jain. Jain has stated that Bansuri Swaraj made defamatory remarks in an interview with a television channel in October 2023. Senior Civil Judge Naina Gupta issued notice to Bansuri Swaraj and others and sought a response to the suit. The next date of hearing is 22 February 2025. Jain has prayed for direction to the TV channel to take down the content in question and restrain her from making further statements. Jain has cla ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...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 >
New Delhi, [India], July 5 (ANI): Nehal Deepak Modi, the brother of fugitive diamantaire Nirav Modi, allegedly played a crucial role in laundering proceeds of crime in the high-profile Rs 13,000 crore Punjab National Bank (PNB) fraud case as well as actively involved in the "disappearance and concealment of assets" and "destruction of evidence", officials said on Saturday. Also Read | Mumbai Ranked Among '100 Best Food Cities in the World' in TasteAtlas List; Six Indian Cities Make the Cut. The revelation comes after Nehal Modi was arrested in the United States on the basis of an extradition ...Read More >
Mumbai (Maharashtra) [India], December 2: Dosti Realty, a leading brand in the real estate sector recognised for delivering exceptional residential experiences and premium lifestyle projects across the Mumbai Metropolitan Region has announced the "Good Buy 2024" campaign for aspiring homeowners. An ideal way to bid farewell to the year, the Dosti Realty campaign is designed to resonate with the spirit of the year-end, inspiring homebuyers to make meaningful investments that shape their future. Also Read | Farmers Protest: Massive Congestion at Delhi-Noida Border as Police Set Up Barricades Ah ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Mumbai, June 8 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Sunday debunked all allegations made by Congress leader Rahul Gandhi about rigging and match-fixing in the 2024 Maharashtra Assembly elections. In his articles titled 'Those Rejected by the People Deny the Mandate', published in the same three newspapers where Gandhi's write-ups appeared, CM Fadnavis advised the Congress MP to "accept defeat, introspect on where you went wrong, why your connect with the people is lacking, and what needs to be done." He taunted Gandhi, saying that the latter was preparing excuses for "defeats ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi [India], July 11 (ANI): Current bullion market is focusing on a combination of factors which includes direction of US interest rates, weakness in USD, among many others factors for further guidance, noted a recent report by Emkay Wealth Management.The direction of US interest rates, which as of now is unclear about its likely impact on the tariffs on the US retail prices, which means that one of the major triggers for gold is absent.While the second major factor could be the weakness in the US Dollar against other currency majors. This can happen only with a sustained fall in the US ...Read More >
VMPL Bengaluru (Karnataka) [India], July 11: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India most trusted and admired real estate developers, reported pre-sales of Rs 1,124 crore in Q1FY26, marking a 6 per cent year-on-year growth. The average price realisation improved by 9 per cent Y-o-Y, while customer collections for the quarter stood at Rs 857 crore. Commenting on the company performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, As we enter our 50th year of operations, we take pride in the trust we have earned and the milestones we have accomplished al ...Read More >
Pune (Maharashtra) [India], June 6: Bajaj Markets simplifies access to personal loans from multiple financial partners, and facilitates the funding for diverse needs, including travel, wedding expenditures, and medical emergencies. Users can easily compare vital loan specifics like interest rates, available loan amounts, and repayment tenures, and select those that align with their specific requirements and preferences. Also Read | Arietids Meteor Shower 2025 Peaks on June 7: Why Is It Known As the Most Active Daytime Meteor Shower? How To Watch the Shooting Stars and Other Important Details ...Read More >