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.
MUMBAI: As waiting times and shortages of LPG cylinders continue to rise, Maharashtra Food and Civil Supplies Minister Chhagan Bhujbal has directed relevant government departments, local utilities, and authorities to grant permission for laying piped natural gas (PNG) pipelines within 24 hours. Bhujbal also warned that if local utilities and authorities fail to fulfill their responsibilities, city gas distribution networks will receive deemed permission to proceed with their work without formal approval and provide pipeline gas connections to consumers. "It has been observed that city gas distribution networks have submitted applications to various government utilities and authorities such as the fire brigade, police, local bodies, and the Public Works Department (PWD) to dig up roads and upgrade existing water and sewage networks. However, these permissions are still pending. The delay is administrative, resulting in a backlog of applications and hindering the expansion of the gas pipeline network. Therefore, the state government has decided to grant suo motu permissions to city gas distribution companies to develop infrastructure and lay gas pipelines," the minister said. He further added that a nodal officer will be appointed from the department to coordinate with city gas distributors and various utilities to streamline procedures and ensure smooth functioning. "There are many areas where infrastructure and gas pipelines have already been laid. However, several consumers -- including schools, colleges, community services, hospitals, hotels, and restaurant owners -- have not yet opted for connections and continue to rely heavily on LPG cylinders. Such consumers must obtain gas pipeline connections within the next three months; otherwise, they risk losing their existing LPG cylinder connections. PNG services for these establishments will be treated as commercial services, and tariffs will be charged accordingly," Bhujbal warned.
Kochi: Edison Babu's neighbours in Muvattupuzha knew him as the quiet engineer who had returned home during the pandemic. The 35-year-old former auto industry professional seemed to lead an unremarkable life in this sleepy Kerala suburb, occasionally visiting the local post office with packages: nothing unusual for someone running what appeared to be a small online business. What they didn't know was that their mild-mannered neighbour had built India's most sophisticated darknet drug empire, one that relied heavily on the very government postal service that was meant to serve the community. ...Read More >
New Delhi [India], July 8 (ANI): The cost of home-cooked meals eased in June as compared to the same month last year, driven by a sharp correction in vegetable prices, according to the Crisil Intelligence report. In the monthly report titled 'Roti Rice Rate', the average cost of a vegetarian thali (Plate) declined by 8 per cent year-on-year (YoY), while the cost of a non-vegetarian thali was down nearly 6 per cent. The decline in vegetarian thali prices was primarily attributed to a significant drop in key vegetable prices, which had spiked the previous year due to adverse weather and crop d ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
New Delhi, Jun 6 (PTI) Former Delhi minister Satyendar Jain was questioned by the Anti-Corruption Branch (ACB) for over five hours on Friday in connection with a graft case related to the construction of classrooms in city government schools under the previous AAP dispensation. Sources said Jain was evasive in his replies and might be called for questioning again. Jain, who was the Public Works Department (PWD) minister in the AAP government, termed the case "politically motivated". According to the sources, Jain was given a written questionnaire with 29 questions. "He tried to put the bla ...Read More >
Bhopal (Madhya Pradesh) [India], June 29 (ANI): Madhya Pradesh Chief Minister Mohan Yadav ordered strict action after taking cognisance of serious negligence in the construction of the Aishbagh Railway Overbridge (ROB) in Bhopal. Following his directions, eight engineers of the Public Works Department (PWD) were held accountable based on the findings of an investigation. In a post on X, CM Yadav said, "I took cognisance of the serious negligence in the construction of the Aishbagh ROB and ordered an investigation. Based on the investigation report, action has been taken against 8 engineers of ...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 >
New Delhi, Jul 2 (PTI) The Public Works Department (PWD) will carry out upgradation work worth over Rs 59.40 lakh at Bungalow Number 1, Raj Niwas Marg, which has been allotted to Delhi Chief Minister Rekha Gupta, according to an order. The work will be taken up to fix electrical and civil work, and will involve the installation of 14 split air conditioners worth Rs 7.7 lakh, five LED TVs worth Rs 9.9 lakh, and 23 ceiling fans with a remote control costing Rs 1.8 lakh. Fourteen CCTV cameras worth Rs 5.74 lakh will be installed, and the residence will also have a UPS system for power backup. ...Read More >
New Delhi: All city gas distribution (CGD) companies will now pay the same pipeline tariff regardless of their distance from the gas supply source, a measure that will help reduce transportation costs for licensees and potentially lower cooking and transport fuel prices in far-flung licensed areas. The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended the Natural Gas Pipeline Tariff Regulations, introducing key reforms to the sector. These include streamlining unified tariff zones, allowing a single pipeline tariff for CGD companies, and creating a dedicated pipeline development ...Read More >
KOZHIKODE: A woman from Palakkad who recently tested positive for Nipah virus, remains in critical condition at the Kozhikode Government Medical College Hospital. She is currently receiving critical care in the hospital's specialised Nipah isolation unit. The patient was initially admitted to a private medical facility in Perinthalmanna. However, late on Saturday night, due to a significant deterioration in her health, she was transferred to the Kozhikode Medical College. Her symptoms, consistent with a severe viral infection, first appeared on July 1, prompting her to seek medical attention. ...Read More >
New Delhi [India], July 13 (ANI): A day after political leaders raised concerns over glass pieces allegedly scattered along the Kanwar Yatra route in Shahdra District Dilshad Garden, Delhi Police on Sunday traced the source of the broken glass and detained an e-rickshaw driver in connection with the incident. Police said that an FIR was registered at PS Seemapuri based on a complaint from the Public Works Department (PWD), after a video showing broken glass pieces on the road near Chintamani Chowk went viral on social media. A case was registered on July 13 based on a complaint by a Junior E ...Read More >
New Delhi: Prime Minister Narendra Modi will launch multiple development projects worth several thousand crores and address public meetings in Bihar and West Bengal on Friday. The Prime Minister will lay the foundation stone and dedicate to the nation multiple development projects worth over Rs 7,200 crores in Bihar's Motihari. He will also unveil multiple development projects worth over Rs 5,000 crores at Durgapur in West Bengal. In Bihar, Mr Modi will lay the foundation stone, inaugurate and dedicate to the nation development projects catering to rail, road, rural development, fisheries, el ...Read More >
Amid Exposition work, tourists throng Basilica of Bom Jesus Roque Dias Old Goa: With the 18th decennial Exposition of the sacred relics of St Francis Xavier set to begin on November 21, Old Goa is bustling with activity as final touches are being given to works taken up by the government authorities. From the attractive pandals of various sizes erected on the premises of the Basilica of Bom Jesus to the tents put up in the area near Se Cathedral, everything is well designed to accommodate the expected huge number of devotees who will visit Old Goa during veneration of the sacred relics. Se ...Read More >
New Delhi, Jan 8 (VOICE) BJP MP Ramvir Bidhuri on Wednesday slammed the Aam Aadmi Party (AAP) leaders for their sit-in protest outside the Flagstaff Road house that was used as his official residence by Arvind Kejriwal when he was the Chief Minister of Delhi, urging them to "have patience" as the so-called 'Sheesh Mahal' would soon be opened to the public. The remarks followed AAP leaders Sanjay Singh and Saurabh Bharadwaj's protest after being denied entry to the Flagstaff Road bungalow by the Delhi Police. The AAP leaders had arrived at Arvind Kejriwal's former official residence on Flagsta ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
Thiruvananthapuram (Kerala) [India], July 5 (ANI): A group of Youth Congress workers staged a protest march outside the official residence of Kerala Health Minister Veena George in Thiruvananthapuram on Saturday, demanding her resignation over the building collapse at the Kottayam Medical College. Police used water cannons to disperse the workers of the Youth Congress and detained them. This comes after a building block collapsed at the Government Medical College Hospital in Kottayam, claiming an individual's life and injuring two others on July 3. Earlier on Friday, a group of Indian Union ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
New Delhi: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...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 >
Imphal, June 29 (UNI) A series of successful operations carried out by Manipur Police and security forces during the last 24 hours led to the arrest of several individuals involved in vehicle theft, insurgent activity, and the recovery of a significant cache of arms and ammunition. Police arrested a vehicle lifter identified as Syed Riyaj from his residence at Lilong Chaobok in Thoubal District. The arrest was made under Lilong Police Station. Authorities seized a blue two wheeler without registration number, along with a key and an Aadhaar card believed to be linked to the suspect. In a s ...Read More >
CHENNAI: The Tamil Nadu Anti-Terrorism Squad (ATS) of the state police on Tuesday said it has arrested two accused wanted in several bomb blasts and communal murder cases after being on the run for over 25 years. The key accused among the two is Abubacker Siddique of Nagore. He is allegedly involved in the attempt to plant a pipe-bomb during the rath yatra of former home minister LK Advani in Madurai in 2011, among others. Other cases he is allegedly involved include the bomb blast at Hindu Munnani office in 1995 in Chennai, an explosion in Nagore the same year, and coordinated planting of bo ...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 >
Thiruvananthapuram (Kerala) [India], July 4 (ANI): A group of Indian Union Muslim League (IUML) youth wing workers staged a protest march outside the official residence of Kerala Health Minister Veena George in Thiruvananthapuram on Friday, demanding her resignation over the collapse of a building block at the Government Medical College Hospital in Kottayam. The incident claimed the life of one person, while two others were injured. Also Read | 'Seeking Clarity Is Not Misinformation': CM Siddaramaiah Responds to Biocon Chief Kiran Mazumdar Shaw on COVID-19 Vaccine Row. Visuals from the scen ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
Lucknow: Authorities on Tuesday carried out a seven-hour demolition drive at the 185-year-old Noori Masjid in Fatehpur, Uttar Pradesh, as part of a highway widening project on the Banda-Bahraich route. About The Action The action, involving five bulldozers, began at 8 am and continued until 3 pm, during which a portion of the mosque was also razed. Heavy security was deployed, including forces from multiple police stations, DSP-level officers, and a Rapid Action Force (RAF) unit. The area around the mosque in Lalauli town was sealed off within a 500-meter radius, and around 25,000 residents ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Srinagar, Jul 4: Lieutenant Governor (LG) Manoj Sinha Friday said that he was proud to see women breaking barriers in agricultural sciences and technology. In his address at the 6th convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKUAST-K), the LG said, "Proud to see our daughters breaking barriers and achieving success in Agricultural Science and Technology. It reflects a bright future for J&K and the nation." During the convocation, of the 5250 degrees of undergraduate, master's, and PhD, 2661 degrees were awarded to women, of the 150 stu ...Read More >
New Delhi, July 11 (SocialNews.XYZ) In a major decision to speed up Delhi's infrastructure management, the Public Works Department (PWD) is set to establish its own engineering cadre, an official said on Friday The proposal for cadre formation has been finalised and will be placed before the Delhi Cabinet in the coming days. "This marks the biggest administrative reform in the department's history, ending decades of dependence on borrowed officers from CPWD (Central Public Works Department)," said an official. Until now, PWD relied upon engineers, executive engineers (EEs), superintending e ...Read More >
Thiruvananthapuram (Kerala) [India], July 4 (ANI): A group of Indian Union Muslim League (IUML) youth wing workers staged a protest march outside the official residence of Kerala Health Minister Veena George in Thiruvananthapuram on Friday, demanding her resignation over the collapse of a building block at the Government Medical College Hospital in Kottayam. The incident claimed the life of one person, while two others were injured. Visuals from the scene showed IUML workers trying to breach police barricades, prompting the police to use water cannons to disperse them. Earlier in the day, B ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world woul ...Read More >