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: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the finance ministry said on Thursday. The relief, which will be in place until end-June, covers key inputs such as ammonia used in fertilizer production, a critical component for food security. The ministry described the move as a "targeted relief" aimed at ensuring the availability of essential petrochemical inputs, easing cost pressures on downstream sectors, and maintaining supply stability amid the ongoing war in West Asia. "This measure has been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on downstream sectors, and safeguard supply stability in the country," it said. The exemption is expected to benefit sectors including plastics, packaging, textiles, pharmaceuticals, chemicals and automotive components, all of which rely heavily on petrochemical inputs. These materials are used in a wide range of products such as pharmaceuticals, paints, adhesives, polyester, disinfectants, detergents, packaging bottles and electronics. The move also seeks to limit the spillover of the conflict into domestic inflation. Economists have warned that supply disruptions could push up inflation and interest rates globally as trade channels transmit the shock. India's retail inflation, measured by the consumer price index (CPI), rose to 3.21% in February from 2.74% in January, according to official data released last month, driven by prices of precious metals, personal care products and some food items. Inflation data for March is due in mid-April. Lower input costs could also help preserve the competitiveness of domestic manufacturers at a time when global trade flows are being disrupted by the conflict and tariff actions by the US. The finance ministry, in its February monthly economic review, warned that the war could have a significant impact on growth, inflation, fiscal balances and external accounts, and flagged "considerable downside risks" to its FY27 growth projection of 7-7.4%. Separately, the government last month cut import duties on petrol and diesel and imposed export taxes on jet fuel and diesel to ease pressure on oil retailers and protect consumers from rising fuel prices while ensuring adequate domestic supplies.
New Delhi, Dec 3 (VOICE) White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors, a report showed on Tuesday.The sectors like Oil and Gas (+16 per cent), Pharma/Biotech (+7 per cent), FMCG (+7 per cent), and real estate (+10 per cent), alongside sustained momentum in emerging domains like AI/ML (+30 per cent) and global capability centres (+11 per cent), according to Naukri JobSpeak Index. While the IT sector has historically been a dominant force in fresher hiring, the current trend shows a significant upsurge ...Read More >
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket. Vegetable prices rose 29.33% in November from a year earlier after rising 42.18% in October. Indi ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has brought it below the Reserve Bank's comfort level of 4 per cent, lead ...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 [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, 'Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and crude sunflower oil to 10%, eight months after raising it from nil to 20%. The move had prompted pack ...Read More >
NEW DELHI: On the occasion of World Environment Day, the Chairperson of the National Green Tribunal, Justice Prakash Shrivastava, said that the plastic, in its myriad forms, has become an indispensable part of our lives, yet its convenience masks a devastating reality and from the single-use plastic bags that clog our drains and pollute our water bodies to the microplastics that infiltrate our food chain and even our own bodies, the hazards are undeniable. Citing the 2025 World Environment Day theme, "End Plastic Pollution," the NGT chief underscored the urgent need to acknowledge the inextri ...Read More >
Mumbai: The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting for FY2025-26, announced a 0.50 per cent cut in the repo rate, bringing it down to 5.5 per cent. Alongside this, key changes in CRR, inflation forecasts, and policy stance were also introduced to boost economic growth. Repo Rate Cut RBI reduced the repo rate by 0.50 per cent, bringing it down from 6.00 per cent to 5.50 per cent. This means loans may become cheaper for borrowers. CRR Cut for Liquidity RBI also reduced CRR (Cash Reserve Ratio) by 1 per cent, from 4 per cent to 3 per cent, to add mo ...Read More >
New Delhi, Jun 6 (PTI) The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per cent, providing relief to home, auto and corporate loan borrowers. "Such reduction in repo rates would have a positive impact on the auto sector since ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commodities more expensive, while likely retaliation from Europe will also raise costs. Cipollone, speaking i ...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 >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has brought it below the Reserve Bank's comfort level of 4 per cent, lead ...Read More >
New Delhi [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, "Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their raw material costs but also lower PFAD prices (Palm Fatty Acid Distillate), a byproduct used by soap ...Read More >
New Delhi: Rare earth magnets, essential for EV motors, have become the latest flashpoint in India's growing electric mobility ambitions. These magnets power the core of Brushless DC (BLDC) and Permanent Magnet Synchronous Motors (PMSM), which drive most electric vehicles today, particularly two-wheelers. With China tightening export controls, Indian automakers now face serious supply-side disruptions. If the situation continues, industry experts warn that EV prices could rise, production could slow and expansion plans may take a hit. In April this year, China imposed an export curb on rare- ...Read More >
New Delhi, Jun 5 (PTI) National Green Tribunal Chairperson Justice Prakash Shrivastava on Thursday outlined an urgent need to curb plastic pollution as it negatively impacted marine life, suffocated terrestrial ecosystems, leached harmful chemicals into soil and water. In addition, it contributed significantly to air pollution when burnt, he said. The statement came on the occasion of World Environment Day and was uploaded on the NGTs website. Shrivastava said that plastic had become an indispensable part of our lives, yet its convenience masked a devastating reality. "This nonbiodegradabl ...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 [India], June 6 (ANI): Prime Minister Narendra Modi on Friday reaffirmed India's commitment to fighting terrorism, stating that India stands firm and resolute in its collective fight against this threat in the backdrop of the April 22 Pahalgam terror attack, which claimed the lives of 26 tourists. Prime Minister Narendra Modi expressed optimism about strengthening ties with Central Asia, following the 4th India-Central Asia Dialogue and posted on X, 'Delighted to meet with the Foreign Ministers of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan. India deeply che ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and Hindustan Unilever were the gainers. Foreign Institutional Investors (FIIs) offloaded equities wor ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Bhubaneswar/Gopalpur: Odisha Chief Minister Mohan Charan Majhi on Thursday laid the foundation stones for five major industrial projects at the Tata Steel Special Economic Zone Limited's (TSSEZL) Gopalpur Industrial Park (GIP) in Ganjam district. With a cumulative investment of over Rs 20,500 crore, these projects mark a significant boost to the state's fast-growing industrial base. Addressing the gathering, Chief Minister Majhi said, "Ganjam has emerged as a dynamic industrial destination due to its robust infrastructure, a strategically located port, and a pool of skilled manpower. With inv ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. Also Read | Visually Impaired People Day 2025 Date in Germany: Know Significance of the Day That A ...Read More >
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U.S. Treasury yield touched 4.89 per cent as of June 4, 2025, reflecting investor unease over inflati ...Read More >
Global alliance launched to fight hunger, poverty with 80 nations The countries of the Global South are most adversely impacted by the food, fuel and fertiliser crisis caused by global conflicts and G20 must give primacy to their concerns and priorities, Prime Minister Narendra Modi said on Monday. In an address on the first day of the G20 summit, Modi complimented the Brazilian presidency of the grouping for taking forward the "people-centric decisions" taken at the bloc's summit in New Delhi last year. The Indian G20 presidency's call for "One Earth, One Family, One Future" continued to r ...Read More >
Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) [...] Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the ce ...Read More >
With the latest inflow, net FPI investment has reached Rs 7,747 crore in 2024 so far, according to data with the depositories. Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs ...Read More >