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.
Indian Renewable Energy Development Agency (IREDA) has entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise an external commercial borrowing (ECB) amounting to ¥28 billion (~$175.37 million), including a greenshoe option of ¥12 billion (~$75.16 million), to strengthen its funding base and expand lending capacity. The proceeds from the facility will be utilized to support sustainable financing initiatives, in line with the company's focus on renewable energy and green projects. The facility is structured as a five-year unsecured loan with a bullet repayment at maturity, meaning the principal will be repaid in full at the end of the tenure rather than through periodic amortization. IREDA stated that the loan is expected to enhance its presence in international financial markets while providing a cost-efficient and resilient source of funds amid evolving global geopolitical conditions.
New Delhi [India], October 16 (ANI): Gold prices continued to surge in 2025, driven by a mix of global fiscal concerns, currency weakness, and strong institutional buying, as per a report by Religare Broking. The metal has delivered over 65 per cent returns so far this year, one of the highest gains seen in recent years, as investors turn to gold as a safe haven amid rising market uncertainty. At the time of filing this report, Gold prices in Delhi of 24kt was trading at Rs 1,28,110/ 10gm. The report highlighted rally is fuelled by concerns over fiscal discipline and mounting government debt ...Read More >
New Delhi: In a move to bolster its funding capacity, IREDA is tapping overseas debt markets, securing long-term financing to support its renewable energy financing operations and future growth plans. IREDA has entered into a facility agreement with Sumitomo Mitsui Banking Corporation, Singapore Branch, to raise External Commercial Borrowings amounting to JPY 28 billion. The funding includes a Green Shoe Option of JPY 12 billion, giving the company flexibility to scale borrowing based on requirements. The borrowing is structured as a five-year long-term loan and will be unsecured in nature. ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidity, coupled with reductions in the repo rate and cash reserve ratio (CRR), is expected to support nea ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In the fast-moving crypto market, price swings can make investors uneasy. Cloud mining offers a low-cost, low-risk alternative. Platforms like DEAL Mining let users start earning daily income without buying expensive hardware or paying high electricity bills -- just choose a plan online. This easy, high-return model is attracting both individuals and institutions, providing steady passive income even when prices fluctuate. With Bitcoin's bull market heating up, DEAL Mining is s ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
New Delhi, July 15 (SocialNews.XYZ) India's passenger vehicle sales crossed the one million mark in the April-June quarter (Q1) of 2025-26 with exports registering a double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday. "Passenger Vehicles, comprising utility vehicles and cars, saw their highest ever exports in Q1 of 2025-26 of 2.04 Lakh units, registering a growth of 13.2 per cent over Q1 of 2024-25," according to the SIAM statement. Export growth in this segment was driven by stable demand across most markets, with strong perfo ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in foreign exchange reserves, and the earnings of companies. According to market analysts, the first trading day of the market will be crucial, as investors will react to the first-quarter results of heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Going ahead, Monday trading session will be crucial for the index as heavyweights like Reliance Industries, ...Read More >
New Delhi, Dec 16 (PTI) India is set for a power-packed presence at the World Economic Forum Annual Meeting in Swiss ski resort town of Davos next month with four union ministers including Ashwini Vaishnaw and Shivraj Singh Chouhan set to join five CMs and over 100 CEOs from the country. K Ram Mohan Naidu, Minister for Civil Aviation, and Pralhad Joshi, Minister for New & Renewable Energy, Consumer Affairs, and Food & Public Distribution, will also be part of the Indian delegation at the five-day annual meeting from January 18-24, while will held under the theme of 'a spirit of dialogue'. Th ...Read More >
Indian Renewable Energy Development Agency (IREDA) share price jumped over 5% to ₹114.89 apiece in Wednesday's trading session after the company reported strong Q4 business update. The company's outstanding loan book reached ₹93,075 crore at the end of the year, marking a 22% increase from ₹76,282 crore reported in the fourth quarter of the prior year. On March 30, IREDA announced that it had entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to secure external commercial borrowings (ECBs) of ¥28 billion. The facility, structured through SMBC's Singapore branc ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, formerly known as Essar Oil Ltd, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, an ...Read More >
VMPL Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Delivering the inaugural address, Shri G ...Read More >
New Delhi, June 27: Prime Minister Narendra Modi will undertake a five-nation visit starting July 2, visiting Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia, the Ministry of External Affairs (MEA) announced on Friday. In the first leg of his visit, PM Modi will visit Ghana (July 2-3) which will be Prime Minister's first ever bilateral visit to Ghana. This Prime Ministerial visit from India to Ghana is taking place after three decades. During the visit, Prime Minister will hold talks with the President of Ghana to review the strong bilateral partnership and discuss further avenues t ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) India and Japan on Monday reaffirmed their commitment to energy security and inclusive growth and welcomed progress made in areas like energy efficiency, clean hydrogen, ammonia and renewable energy. At the energy dialogue, co-chaired by India's Minister of Power Manohar Lal and Japan's Minister of Economy, Trade and Industry Muto Yoji, held through video conferencing, the two countries agreed to expand cooperation on carbon capture, utilisation, and storage, green chemicals, biofuels, and advanced technologies in the energy sector. The Ministers also empha ...Read More >
Mumbai: The rupee traded within a tight range against the dollar on Monday, appreciating to a two-week high of 92.7925 in early trade on central bank measures to curb speculative and arbitrage trades but lost most of it as oil marketing companies, importers bought dollars to hedge their payments. The rupee closed up 4 paise at 93.06 against the dollar, after closing at 93.10 in the previous session (on Thursday). Markets were closed on Friday on account of Good Friday. The rupee had appreciated 173 paise on Thursday, its best single day gain in 13 years on Reserve Bank of India (RBI) measure ...Read More >
Mumbai, Mar 30 (PTI) The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking the sharpest decline against the greenback in 14 years. In FY12, the domestic currency declined by 12.4 per cent against the dollar at a time when the current account deficit had widened to 4.2 per cent. In the current fiscal year, the steep depreciation was driven by persistent foreign fund outflows, elevated crude oil prices, and a strengthening dollar globally. Volatility in global financia ...Read More >
The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements. The financial market has managed to breathe a "sign of relief" on Monday, 25 November after the incoming Trump administration announced Scott Bessent as the US Treasury Secretary nominee last Friday. Bessent, a Wall Street veteran is being viewed as a more pragmatic person who may favor pro-growth policies (an advocate of Trump's corporate tax cuts and deregulation policies) over anti-growth initiatives such as steep trade tariffs on China and the rest of the world's products as part of President-elect Tru ...Read More >
Indian Renewable Energy Development Agency Limited (IREDA) on March 30 said it has signed a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise external commercial borrowings (ECBs) worth ¥28 billion (JPY). The facility, arranged through SMBC's Singapore branch acting as mandated lead arranger and bookrunner, includes a greenshoe option of ¥12 billion. The borrowing is structured as a five-year unsecured loan, aimed at strengthening IREDA's funding base to support its r ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group of party workers led by senior Pune MNS leader Hemchandra Sambhush gathered outside Soman's flat. Al ...Read More >