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.
Berhampur: Gajapati police on Wednesday seized around 1.83 tonnes of ganja worth around Rs 2 crore from Buripadara village under R. Udayagiri police station limits. The contraband was seized from different places in the village and was suspected to have been stored to be transported illegally to some other areas, said in-charge SP (Gajapati) Saravana Vivek M.No arrest has been made. "The accused persons fled into the nearby forest after seeing police vehicles," said sub-divisional police officer (R.Udayagiri) Rakesh Sahoo, who led the raid party. The ganja packed in plastic jerry bags was stored in residential houses, cow sheds and other places. "We have identified the accused and they will be arrested soon," he said.It is the third major ganja haul in the district in last 10 days. On March 25, they had seized over 4.06 tones of ganja worth around Rs 4 crore from Keshariguda under Adava police station limits. On March 20, they seized around 700 kg ganja from Rajapur village.
New Delhi, Dec 4 (PTI) "On the face of it you are a corrupt person. Crores of rupees were recovered from your premises," the Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. "On the face of it you are a corrupt person. Crores of Rupees were recovered from your premises. Wha ...Read More >
Bengaluru, Dec 15 (VOICE) Three accused in Atul Subhash's suicide case -- his wife, her mother and brother -- who were arrested by Bengaluru Police, have been sent to 14-day judicial custody, officials said here on Sunday.A senior police officer said Atul Subhash's wife Nikita Singhania was arrested from Haryana's Gurugram and her mother Nisha Singhania and brother Anurag Singhania were nabbed in Prayagraj, Uttar Pradesh. The accused persons were produced before the court and were sent to judicial custody for 14 days. After nabbing the accused persons, the Karnataka Police brought them to Ben ...Read More >
Bhubaneswar, Jan 31 (PTI) The Odisha Vigilance Department on Friday arrested an official of the Integrated Tribal Development Agency (ITDA) of Mayurbhanj district after detecting disproportionate assets in his possession. The arrested official was a project administrator at the ITDA in the district's Bonai area. Also Read | 'Touched Private Parts Pricked With Pen': Tuition Teacher in Nagaur, Rajasthan Sexually Abused Class 2 Girl for 6 Months, Arrested. A case has been registered at the Rourkela vigilance police station against the official and his wife under various sections of Prevention ...Read More >
Assam Beef Ban: A political row has erupted over the Assam government's decision to ban the public consumption of beef in the state with the Opposition labelling it "against the right to freedom" while the ruling BJP lauding the state Cabinet's call. Assam Chief Minister Himanta Biswa Sarma had announced on Wednesday that his government has decided to ban the consumption of beef in restaurants, hotels and public places, drawing sharp reactions from the Opposition. Samajwadi Party MP Iqra Hasan ...Read More >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...Read More >
Prayagraj (Uttar Pradesh) [India], January 8 (ANI): As the commencement date for the 2025 Maha Kumbh nears, popular seers and saints are joining the crowd in Uttar Pradesh's Prayagraj. Amid celebrations, Jagadguru Shankaracharya Swami Avimukteshwaranand Saraswati Maharaj on Wednesday demanded that cow be given the status of 'Rashtra Mata'. He said that one of the biggest problems was cow slaughter and it must be stopped. The seer said that they would organise a 'maha yagya' to press their demands. "All Sanatani Hindus are uniting here for Kumbh. Even though we have a number of problems, the ...Read More >
Bhubaneswar, Jan 31 (PTI) The Odisha Vigilance Department on Friday arrested an official of the Integrated Tribal Development Agency (ITDA) of Mayurbhanj district after detecting disproportionate assets in his possession. The arrested official was a project administrator at the ITDA in the district's Bonai area. A case has been registered at the Rourkela vigilance police station against the official and his wife under various sections of Prevention of Corruption (Amendment) Act and Bharatiya Nyaya Sanhita (BNS), 2023, a statement issued by the vigilance department said. Sleuths of the vigil ...Read More >
UP: Karnataka Police have arrested the mother-in-law and brother-in-law of late Atul Subhash, who committed suicide on December 9 over alleged demand by his wife's family for Rs 3 crore as settlement. The sensational case has triggered debate over harassment of married men and misuse of dowry provisions in the country. Atul Subhash ended his life on Monday leaving behind a 40-page death note and 90-minute video explaining how he was allegedly tortured by his wife. Atul's In-Laws Arrested On Thursday Night The Karnataka Police arrested Nisha Singhania, Atul's mother-in-law and brother-in-law ...Read More >
Also Read | Sambhal sparks rift: INDIA bloc allies face leadership turmoil? "Multiple encroachments are being seen around the area," Sambhal DM Rajendra Pensia told ANI. Pensia said, "There was encroachment on roads, sewers, water bodies, and that too for a long time. We are undertaking an 'abhiyan' (drive) to fix it. We launched a campaign in Chandausi and we had decided we would start the campaign here in November. But we could not start." The DM stated the anti-encroachment drive will conti ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
On the occasion of World Environment Day, Delhi Minister of Development and Tourism Kapil Mishra visited Shri Krishna Gaushala in Sultanpur Dabas, Bawana, in the Northwest District. The minister, who was accompanied by Model Town MLA Ashok Goyal, environmentalists and gaushala caretakers, took part in a tree plantation drive at the cow shelter, one of the largest gaushalas in the Delhi-NCR region. During the visit, Mishra reviewed the arrangements at the cow shelter. He held extensive discussio ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
Hours after Atul Subash's wife Nikita Singhania, her mother Nisha and brother Anurag were arrested for allegedly abetting the suicide, the Bengaluru techie's father, Pawan Kumar Modi has questioned where Atul's four-year-old son is and said the family was worried about him. Modi thanked the police for arresting the woman and her family members. However, he said, "We don't know where she has kept our grandson. Has he been killed or is he alive? We don't know anything about him. I want my grandson ...Read More >
Bengaluru News: Amid a surge in cases of digital arrest across the nation, a 68-year-old senior citizen in Bengaluru reportedly lost Rs 1.94 crore to cyber fraudsters from his fixed deposit. The victim stated that the fraudsters claimed that they were from the Mumbai crime branch and threatened him with arrest if he did not pay the amount to them. The fraudsters allegedly held the man under digital arrest for almost a week and claimed that he was involved in a money laundering case linked to Indian businessman Naresh Goyal. The scam began on November 30 when the victim received a video call o ...Read More >
Sambhal (UP), Dec 15 (PTI) Weeks after violent clashes over a court-ordered survey of the Shahi Jama Masjid claimed four lives, the district administration has launched a campaign against encroachments and illegal power theft in the area around the historic mosque. As part of its efforts, the administration began removing encroachments from the area on Sunday morning. According to Additional Superintendent of Police (ASP) Shrish Chandra, the focus is on clearing drains outside houses and shops in the area under the Nakhasa police station. The area is close to the residence of Samajwadi Part ...Read More >
Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president January 20. At the interbank foreign exchange, the ...Read More >
Berhampur: Residents of Baghasala in Gajapati district are living in fear after forest officials found pug marks of a suspected Royal Bengal Tiger on the outskirts of the village in Paralakhemundi forest division on Tuesday. The villagers apparently sighted a big cat early in the morning and reported it to forest officials. A forest department team went to the village and collected the animal's pug marks. "After preliminary analysis, the pug marks have been identified as that of a tiger," said S Anand, divisional forest officer (DFO), Paralakhemundi. Camera traps will be installed in the are ...Read More >
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...Read More >
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatterjee shall not hold any public office but can continue as MLA. The bench said that a suspect canno ...Read More >
Navi Mumbai: An 18-year-old college student was arrested in Assam for sending a death threat message to city rapper Mohammad Bilal Shaikh, also known as Emiway Bantai, and demanding Rs 1 crore in extortion. The student, Arnav Ramen Kumar Haloi, claimed to be Goldy Brar, an aide of gangster Lawrence Bishnoi and the alleged mastermind of the 2022 murder of Punjabi singer Sidhu Moose Wala. The threat message was sent on May 25, coinciding with the release of an online teaser for a music video in tribute to Moose Wala.ACP Mayur Bhujbal said that Haloi, a first-year B.Com student from Sonitpur dist ...Read More >
There were no external injuries on the body. New Delhi: A student has been found dead in his hostel room at IIT Delhi. The room was locked from the inside and there were no external injuries on his body.. Officials said they received a call at the Kishangarh police station on Wednesday about a student not opening the door of his hostel room despite repeated knocking. When they reached the premier institute, police officials found that the door was locked from the inside, and it was forced open ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
Mumbai, Dec 17 (PTI) The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is likely to remain under pressure due to concerns over slowdown in the economy and dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.89 and touched an all-time low of 84.93 against the greenback during intra-day trade. The unit finally ended the session marginally higher by ...Read More >
New Delhi, Dec 18 (PTI) Renewable energy player BCL Industries on Wednesday said it is setting up a bio-energy plant in West Bengal with an investment of Rs 150 crore. The company has also received an environment clearance for its 75 KLPD (kilo litres per day) plant coming up in Kharagpur, it said. Additionally, the work on a similar project with 75 KLPD capacity in Bathinda, Punjab is in full swing. Both the projects are expected to be completed within a time period of 18-24 months, it said. In India, ethanol production is a key part of promoting bio-energy and biofuels, contributing to t ...Read More >
HYDERABAD: The Hyderabad police have issued a notice to BRS MLA Padi Kaushik Reddy, directing him to appear at 10 am on December 27 at the Masab Tank police station for questioning. The MLA is accused of abusing Banjara Hills Station House Officer (SHO) KM Raghavendra and obstructing him from carrying out his official duties. A police officer told TNIE that at the time of granting the MLA bail in the case, the Nampally court had directed him to cooperate with the police. "Based on the court directions, we have asked him to appear for further questioning. The case is being investigated by Masa ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...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 >
New Delhi, Dec 3 (PTI) Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal. Adjusted PAT includes costs related to Employee Stock Ownership Plans (ESOPs). Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in FY24, according to a company statement. The Bengaluru-headquartered firm said it has "significantly diversified" its revenue streams and a major contributions now come from value-added services (VAS). "These services i ...Read More >
Mumbai: The rupee slumped to its all-time low of 84.76 (provisional) against the US dollar after dropping 8 paise on Wednesday amid a strengthening greenback and increase in crude prices. Forex traders said a positive trend in domestic equity markets and foreign fund inflows supported the local unit at lower level. At the interbank currency exchange, the rupee opened at 84.66 and traded in the range of 84.65-84.76. Eventually it settled at 84.76 (provisional), 8 paise lower than Tuesday's close of 84.68. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said, the rupee lost initial ...Read More >