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.
UPI Down: UPI services are facing disruptions across India, with SBI and UCO Bank users reporting failed transactions. Here is everything that you need to know. UPI Down: If you couldn't make the UPI payments today, then know you're not the only one experiencing it. Several UPI users have faced the issue in India while making payments; however, it seems to be primarily with State Bank of India and UCO Bank accounts. For some, the payment just keeps loading. For others, it fails midway or doesn't reflect properly. Either way, it's one of those moments where you're left wondering, did the money go or not? Also Read: Offline UPI payment without internet: Can you really send money without mobile data? As per the downdetector, the outage tracking platform, this isn't limited to one city. Several UPI users from Delhi, Mumbai, Bengaluru, Jaipur, Pune, Kolkata and a few other places have reported similar issues. From what it looks like so far, SBI users are seeing a larger impact. UCO Bank users are also affected, but the scale seems smaller in comparison. Also Read: Step-by-step guide on how to change or reset your UPI pin easily on any UPI app What is the issue If you scroll through social media, the reactions are pretty relatable. Some people think it's their internet, some are retrying again and again, and some are just stuck mid-payment. Some users are facing issues with payments getting stuck after processing, while some are witnessing a delay in confirmation messages. UPI apps are not loading or crashing. And honestly, the most stressful part is not the failure, it's not knowing the status of the money. What's the reason behind UPI outage There's no clear official explanation yet, but SBI has mentioned that a scheduled maintenance window has been extended. That could explain why multiple services are acting up at the same time. Because of this, not just UPI, but services like internet banking, IMPS, and mobile apps might also feel a bit unstable right now. What should you do? If you're one of those who is stuck in the middle of a payment, then it's likely part of the same outage. It's advisable to slow down a bit, instead of rushing to try again now. The best thing to do is wait it out and try again once things settle. If you have an active account with any other bank, then it is advisable to try that. You can also use alternatives like a card, cash, or an ATM if urgent.
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it. State Bank of India will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met. Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said. A regulat ...Read More >
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 >
Mumbai: Anushka Sharma and Virat Kohli recently visited the spiritual guru Premanand Maharaj in Vrindavan, a trip that has since gone viral on social media. The couple, accompanied by their children, Akaay Kohli and Vamika Kohli, were seen showing deep respect and gratitude toward the revered guru, a moment that touched the hearts of many fans. In the video that has circulated widely on the internet, Anushka and Virat are seen bowing down to Premanand Maharaj in a gesture of complete reverence, exemplifying their simplicity and spiritual beliefs. Anushka can be heard expressing her thanks to ...Read More >
New Delhi, Dec 14 (IANS) The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'showcasing its transformative impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and quicker alternative to the available channels of cross-border remittances. UPI has succeeded in increasing financial inclusion and promot ...Read More >
Ed Sheeran, Shah Rukh Khan, and Arijit Singh unite for a song?: Fans worldwide have been enthralled by British singer-songwriter Ed Sheeran's recent trip to India, particularly because of his encounters with Bollywood's Shah Rukh Khan and Arijit Singh. Sheeran posted some sweet moments of friendship on Instagram, including Shah Rukh Khan jokingly repeating the hook of Sheeran's upcoming song "Sapphire," and a calm coffee conversation with Arijit Singh on a barge. Sheeran immersed himself in Indi ...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 >
NEW DELHI: Indian equities surged sharply after the Reserve Bank of India (RBI) delivered a larger-than-expected 50 basis points repo rate cut, reducing it to 5.5% in today's Monetary Policy Committee (MPC) meeting. The move, led by Governor Sanjay Malhotra, exceeded market expectations of a modest 25 basis points cut, thus fueling a broad-based rally. The BSE Sensex zoomed by about 800 points to trade above 82,200 level while the NSE Nifty surge more than 250 points to trade around 25,000 level as of 12.15 pm. Stocks in the rate-sensitive sectors like realty, banking, NFBC and auto counters ...Read More >
Imphal, June 8: Fresh violence erupted across five valley districts of Manipur on Saturday night after protesters clashed with security forces, demanding the immediate release of arrested Arambai Tenggol leaders. In response, the administration swiftly imposed prohibitory orders and suspended internet services in Imphal West, Imphal East, Thoubal, Bishnupur, and Kakching districts for five days. Tensions remained high on Sunday morning, with heightened security measures around key locations, including roads leading to the Raj Bhavan. Additional central forces were deployed across the state c ...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 >
New Delhi [India], June 5 (ANI): External Affairs Minister S Jaishankar, in the presence of leaders of Central Asian countries, touched upon various business opportunities and complementarities between these respective economies on Thursday. Jaishankar suggested a few areas where India and Central Asian countries should collaborate to improve their economies. Jaishankar noted that India's trade and economic ties with Central Asia have actually shown a very strong positive trend over the last decade. However, he has also said that the trade figures do not reflect the full potential. Given th ...Read More >
]New Delhi: Financial services secretary M Nagaraju has written a letter to the chief secretaries of the state governments, urging them to deal firmly and with deterrent legal measures to protect bank staff and ensure uninterrupted public access to banking. In the letter, sent on Wednesday, he said securing the availability of banking services to the public at all times is essential to enable households to meet their daily financial needs, access government welfare benefits through direct benefit transfer and for traders, micro-entrepreneurs, farmers and industries to carry on their economic ...Read More >
CHENNAI: Indian equity markets experienced a significant rally today, spurred by the Reserve Bank of India's (RBI) unexpected policy measures aimed at stimulating economic growth. The RBI slashed the key repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points, injecting approximately ₹2.5 lakh crore into the banking system. This aggressive easing, coupled with a shift in the RBI's policy stance from 'accommodative' to 'neutral', boosted investor sentiment across sectors. The apex bank's bold policy actions have injected liquidity and optimism into the markets ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...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 >
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 >
New Delhi, Jun 8 (PTI) A Kerala businessman, who recently levelled corruption charges against an ED officer posted in the state, has recorded his statement with the central agency where he is understood to have denied knowing or having any evidence against the said investigator, official sources said Sunday. The businessman, Aneesh Babu, deposed before the Enforcement Directorate in Delhi on June 6 and his statement was recorded under audio-visual camera by the agency as per the provisions of section 50 of the Prevention of Money Laundering Act (PMLA). Such a statement made under the anti-mo ...Read More >
MS Dhoni stole the show with his charming presence and enthusiastically matched the steps with his fellow dancers. It has hardly been a week since MS Dhoni broke the internet with his pout selfie. The former Indian captain has once again gone viral for a video that captured him dancing to a folk song along with his wife Sakshi and some friends. The clip is claimed to be from a wedding ceremony in Rishikesh. Joined by some local folk artists, Dhoni was seen grooving to the beats of the popular "pahadi" song- Gulabi Shahara. The former World Cup winning-skipper stole the show with his charming ...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 Manipur government has ordered the suspension internet and mobile data services including VSAT and VPN services in five districts for five days with effect from 11:45 P.M. of June 7. The five districts are Imphal West, Imphal East, Thoubal, Kakching & Bishnupur. "In view of the prevailing law and order situation in the State of Manipur especially in Imphal West, Imphal East, Thoubal, Kakching & Bishnupur districts districts of Manipur, there is apprehension that some anti-social elements might use social media extensively for transmission serious of ...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 >
New Delhi, Jun 8 (PTI) Aam Aadmi Party's Rajya Sabha MP Sanjay Singh and Delhi unit chief Saurabh Bharadwaj on Sunday visited the demolition site of the Madrasi Camp slum cluster, where they met with displaced residents, and intensified their attack on the BJP over the recent eviction drive. They alleged that Prime Minister Modi's promise to slum dwellers of 'jahan jhuggi wahan makan' - house at the site of their hutment - has "proved to be hollow like many others". There was no immediate response available from the BJP or the Delhi government over the accusations. The Madrasi Camp -- a jhu ...Read More >
New Delhi, Dec 18 (PTI) Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. Also Read | Cancer Vaccine Ready for Use, Announces Russia; What Is the Cost? How Effective Is It? When Will It Be Available?. "IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely c ...Read More >
Imphal: The Manipur government has ordered the suspension of internet and mobile data services, including VSAT and VPN, in the territorial jurisdiction of five valley districts for five days with effect from 11.45 pm on Saturday, an official statement said. The districts include Imphal West, Imphal East, Thoubal, Bishnupur and Kakching. The order followed widespread protests in Imphal East and Imphal West districts on Saturday night after the arrest of a leader of the Meitei outfit Arambai Tenggol. The protesters torched tyres and old furniture in the middle of the road in Kwakeithel and Urip ...Read More >
Imphal, Jun 8 (PTI) Protests over the arrests of Meitei outfit leaders continued in Manipur on Sunday even as the administration imposed prohibitory orders and suspended internet services in five Imphal valley districts, officials said. Protesters burnt tyres on roads at Uripok and Koirengei in Imphal West district and Khurai in Imphal East, defying the prohibitory orders, they said. At Koirengei, demonstrators dug up the road and made heaps of soil on the thoroughfares to prevent the movement of security forces. Similar agitations were also staged in Jiribam district, neighbouring Assam. ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
New Delhi [India], June 7 (ANI): Lending rates are expected to fall by around 30 basis points (bps) following the recent policy rate cut, according to a report by the State Bank of India (SBI). The report highlighted that the immediate impact will be seen on loans linked to the external benchmark lending rate (EBLR), which make up about 60 per cent of the loan book of All Scheduled Commercial Banks (ASCBs). SBI said 'The steep cut on policy rates is expected to pass on to the EBLR linked loan book immediately with ASCB share of 60 per cent. Thus immediate impact on average lending rate could ...Read More >