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, April 1 (SocialNews.XYZ) Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers continuing to rise as more users flagged issues. The disruption was not limited to a single region, with users from cities like New Delhi, Mumbai, Bengaluru, Jaipur and Pune reporting failed transactions and payment errors. In the case of SBI, the outage appeared more widespread, with complaints also coming in from Kolkata, Guwahati and Chennai. Meanwhile, UCO Bank users facing issues were largely concentrated in New Delhi, Jaipur and Kolkata. Many users took to X to share their experience. While some expressed frustration over failed payments, others were unsure whether the issue was with their bank or their own devices. Several users reported transactions getting stuck midway, while in some cases UPI apps failed to load completely. Responding to the situation, SBI said on social media that a scheduled maintenance activity had been extended till 12:30 pm on April 1. The bank warned that services such as UPI, IMPS, YONO, internet banking, NEFT and RTGS may face disruptions during this period. It advised customers to use alternatives like UPI Lite, eRupee (CBDC) app and ATM services in the meantime, while apologising for the inconvenience caused. "The scheduled maintenance activity end timing has been extended to 12:30 Hrs on 01.04.2026," the public lender said. "Our services, UPI, IMPS, YONO, Internet Banking, NEFT and RTGS, may experience disruptions," it added. SBI explained that the Customers may use our UPI Lite, eRupee (CBDC) App and ATM Services during this period. "We regret the inconvenience caused and thank you for your understanding," the public lender mentioned.
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM branch. Police said she had been pilfering from more than 110 accounts belonging to 41 customers for around two and a half years. She allegedly invested these amounts in the stock market and lost a large chunk of it, they sa ...Read More >
New Delhi: It is the first day of the new month, in which many big rules have changed, and some are about to change. Do you know that there has been a big change in the rules related to credit cards? This has been done in the rules related to the credit card of HDFC Bank, one of the big banks of the country. Now, people will have to pay a 1 per cent charge for making HDFC credit card payments through a third-party app. This is also considered a big setback for the users. The big change will also be implemented from July 1. Charges will also be levied on utility bill payments. What will be the ...Read More >
Bengaluru : Muthoot FinCorp Limited ("MFL" or "Company"), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the secured and redeemable non-convertible debentures ("NCDs") with a face value of Rs.1,000 each, scheduled to open on Friday, July 04, 2025. The Tranche VI Issue has a base size of Rs.10,0 crore with green shoe option of Rs 190 crore , aggregating to Rs.290crore ("Tranche VI Issue"). The NCDs under the Tranche VI Issue are being offered with maturity/tenure options of 24, 36, 60 and 72 months, with monthly, annual and cumulati ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
Kota: In a major bank fraud, a relationship manager of ICICI Bank, Sakshi Gupta, has allegedly siphoned off Rs 4.58 crore from customer accounts in Kota city.The accused worked at Shriram Nagar branch of DCM area in Kota and committed the fraud during the 2020-23 period. She was arrested by the Udhyog Nagar police on May 31 following investigation. The crime first came to light on Feb 18 ,following which the branch manager lodged a complaint with the police.According to police, for around two-and-a-half years, Sakshi withdrew funds fraudulently from over 100 accounts of 41 customers. She purpo ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
NEW DELHI: The ED arrested a foreign currency businessman and one of the masterminds in a Chinese App investment fraud case involving over Rs 903 crore and seized incriminating documents during searches at his five premises in Delhi, an official said on Friday. Rohit Vij, the mastermind in the conversion of proceeds of crime into forex, was arrested on June 30 for his links to a fake investment app named 'LOXAM', claiming to be related to a reputed French MNC Group of the same name. The business entities and associates of Vij were searched under the provisions of PMLA, 2002, said an official. ...Read More >
HYDERABAD: The Crime Investigation Department (CID) on Sunday arrested Aaryan Singh alias Aaryan Singh Chhabra, a key accused in the Falcon invoice discounting scam, which defrauded 4,065 victims of over Rs 792 crore. CID chief Charu Sinha said Aaryan, the COO of Falcon Invoicing, was closely involved with the company's MD, Amar Deep Kumar, and other accused in luring depositors and issuing fake receipts. He is believed to have collected Rs 14.35 lakh in "strategic deposits" and diverted Rs 1.62 crore from Falcon's funds into his personal account. After the scam came to light, Aaryan fled to ...Read More >
Bitcoin World - Let me start by saying that I made over $30,000 in passive income last month. I know, that sounds crazy, right? But I promise you it is 100% real. I used to think that making money while you sleep was something only the super wealthy or tech savvy could do. But it turns out it is totally possible, and I'm here to tell you how I did it," said Dennis. Dennis has been installing photovoltaic panels for three years, and five years ago he asked his wife a question: "Do we really have to work ourselves to death?" She simply responded: "That's life." "To be honest, it was frustratin ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and receiving money via mobile numbers or self-QR codes. Industry research indicates that there were over 24 crore feature pho ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and rece ...Read More >
Mumbai: The Nifty PSU Bank Index jumped more than 2.5% Monday after the finance ministry urged these lenders to offer more credit and monetise subsidiaries through IPOs and stake sales. They bucked the declines in the rest of the banking space. The Nifty PSU Bank Index gained 2.7%, while the Bank Nifty and benchmark Nifty lost 0.2% and 0.5%, respectively. All 12 stocks in the PSU Bank index closed higher. Bank of Maharashtra soared 5.3% while Punjab National Bank and Bank of Baroda rallied 3.9% and 3% respectively. Union Bank, Canara Bank, UCO Bank and Indian Bank gained over 2.5% each. Anal ...Read More >
New Delhi: Boasting of digital growth in India's largest public sector bank State Bank of India (SBI), Union finance minister on Tuesday said that digital transformation undertaken by SBI in the last decade has been immensely beneficial to its customers. Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the bank will continue to innovate and empower as India continues its journey towards 'Viksit Bharat' by 2047. "With over 23,000 branches, 78,000 customer service points (CSPs) and 64,000 ATMs, SBI's footprint today is formidable and it is truly the ba ...Read More >
Bengaluru: Fugitive liquor baron Vijay Mallya approached the Karnataka High Court on Wednesday seeking direction to banks to provide details of the total amount recovered against loans obtained by him, United Breweries Holdings Limited (UBHL, now in liquidation). Considering the plea, the High Court has issued notices to concerned banks in this regard. The bench headed by Justice R. Devadas passed the order issuing notices to banks, and recovery officers and adjourned the matter till February 19. Senior counsel Sajan Poovayya appearing for Vijay Mallya submitted to the court that the loan a ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Imphal (Manipur) [India], June 8 (ANI): The district magistrates of Imphal West, Imphal East, Thoubal, Kakching, and Bishnupur districts have issued prohibitory orders on Sunday. Citizens have been requested to cooperate with the orders, which include restrictions on gatherings. The assembly of four or more persons has been restricted in Imphal West, Imphal East, Thoubal, and Kakching districts. The orders have been issued in view of prevailing law and order situation. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul Olakkengil From Kerala Dies During Scuba Diving Session at ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
Mumbai, June 30 (SocialNews.XYZ) After rising for four straight sessions, the Indian stock markets took a breather on Monday as investors booked profits amid the absence of strong domestic cues. The Sensex dropped 452 points, or 0.54 per cent, to close at 83,606.46. During the day, it moved between an intra-day high of 84,099.53 and a low of 83,482.13. Nifty also followed suit. The 50-share index opened at 25,661.65, touched a high of 25,669.35, and closed at 25,517.05, down by 120.75 points or 0.47 per cent. In contrast, the broader markets performed better. The Nifty Midcap100 rose 0.6 pe ...Read More >
New Delhi, July 1 (SocialNews.XYZ) The 10 years of digital India have made sectors from healthcare to education to business and commerce inclusive and innovative, said Union Home Minister Amit Shah on Tuesday. The Digital India mission, launched in 2015 by Prime Minister Narendra Modi, aimed to democratise access, build an inclusive digital infrastructure, and provide opportunities for all. "The Digital India initiative has democratised technology, transforming India into a global digital powerhouse. From healthcare and education to business and commerce, it has made every sector more inclus ...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 [India], July 9 (ANI): Indian banks witnessed significant gains in market capitalisation during the April-June quarter of 2025, driven by falling interest rates and increased liquidity, which collectively attracted investor confidence. According to S&P Global Market Intelligence data, 18 of the top 20 Indian lenders, including the nation's three largest, saw their market cap rise.HDFC Bank Ltd., India's largest bank by market cap, registered a strong 9.70 per cent increase in its market capitalisation. Its private sector counterpart, ICICI Bank Ltd., also posted a healthy gain of 7.4 ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transactions to UPI or Unified Payments Interface since its launch in 2016. Unified Payments Interface is ...Read More >
New Delhi, Jul 15 (PTI) State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. Also Read | Gemini AI Pro Free for Indian Students: Google Offering Its Most Advanced AI Tools for Full Year, Know Be ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
New Delhi [India], July 4 (ANI) In a major crackdown on cyber-enabled financial fraud, the Enforcement Directorate (ED) has arrested one Rohit Vij, identified as one of the masterminds behind a Chinese app-based investment scam involving the fake mobile application 'LOXAM. As per a statement from the ED, the accused lured unsuspecting investors with promises of unrealistically high returns, defrauding them through the fraudulent app. Vij, the mastermind in the conversion of proceeds of crime into forex (foreign exchange), was arrested on June 30 and has been accorded five-day ED custody by a ...Read More >
Lucknow: Pocket knife, hair clips, and dhoti. These were the 'surgical tools' with which an army doctor helped a woman deliver a baby at the Virangana Laxmibai Jhansi railway station on Saturday afternoon. Major Rohit Bachwala, 31, posted at Jhansi Military Hospital, was heading to Hyderabad via Bengaluru on a month-long leave to reunite with his family.While waiting for his train at the railway station, he saw a pregnant woman in severe pain on the footover bridge. Acting quickly, Rohit used his pocket knife and improvised materials like hair clips and dhoti to assist in her delivery. Railway ...Read More >
Bengaluru: They were all minors but wanted to make quick bucks to splurge on drugs, cigarettes and snacks. Setting eyes on lone victims, mainly pedestrians near bus stands or isolated streets, three Class IX students and one first-year PU student ganged up for pre-dawn robberies across East Bengaluru for over a year. However their luck ran out when they snatched the valuables of a woman on July 3. Caught by KR Puram police, they are now cooling their heels in jail.On the morning of July 3, a woman in her 50s was walking past Garden City College when two of the juveniles, riding a stolen gearle ...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 >