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.
Thane, Apr 2 (PTI) Real estate developers in Maharashtra's Thane have welcomed the state government's decision to keep the ready reckoner rates unchanged, calling it a positive step for the sector. In a release on Thursday, the Thane chapter of the Confederation of Real Estate Developers' Associations of India said that stable RR rates will help boost confidence among homebuyers and investors, especially during uncertain global economic times. The ready reckoner rate is the minimum rate based on which the government charges registration fees and stamp duty for any property-related transaction. "This decision enables developers to plan and price projects more effectively, without the added burden of increased statutory costs," said its president Sachin Mirani. Revenue Minister Chandrashekhar Bawankule had said on Wednesday that the state government had avoided a proposed 12 to 14 per cent increase in the ready reckoner rates this year in view of the ongoing West Asia crisis and resulting global conditions. PTI COR NR
In a regulatory filing on Thursday, the company stated that the NCLAT, through its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd." NBCC will oversee the completion of these projects, which include 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The projects include Ecovillage-2, Romano, Capetown, Czar Suites, Eco-Village 3, Sports Village, and Eco-Citi ...Read More >
Mumbai, Jan 27 (PTI) The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defen ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi, Jun 27 (PTI) Realtors' body NAREDCO president G Hari Babu on Friday demanded that interest on home loans should come down to around 6 per cent to boost sales that have fallen during the first six months of this year across the top seven cities. He attributed the fall in housing sales to excess supply, sharp rises in prices of residential properties and global economic uncertainties. Real estate data analytics firm PropEquity has reported a 19 per cent drop in sales during the current April-June period and a 23 per cent fall in the preceding quarter across 9 major cities. Property ...Read More >
Mumbai, Jun 30 (PTI) Godrej Properties has acquired a 43-acre land parcel in Panipat, Haryana and is expecting a revenue of more than Rs 1,250 crore through the sale of residential plots. In a regulatory filing on Monday, Godrej Properties informed that it has "acquired 43 acres of land for a plotted development that will have a revenue potential in excess of Rs 1,250 crore." The company did not disclose the deal value. This will be the company's first project in Panipat and fourth residential plotted township in North India. The land is located in Sector 40, Panipat. This project will cont ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
Itanagar: The Arunachal Pradesh govt has launched a statewide crackdown to detect and deport illegal Bangladeshi immigrants, an official said on Thursday.Acting on directives issued by the Union ministry of home affairs (MHA), the state has instructed all districts to immediately constitute district task forces (DTFs) to identify undocumented immigrants and ensure strict enforcement of Inner Line Permit (ILP) provisions.The decision was taken at a high-level meeting chaired by advisor to home minister Mutchu Mithi and DGP Anand Mohan on Wednesday. The meeting was attended by senior police offi ...Read More >
Gangtok, Jun 8 (PTI) The Sikkim government on Sunday evacuated 28 people, including three minors, stranded in Chaten in the northern part of the Himalayan state, where road connectivity has been snapped due to multiple landslides triggered by heavy rain, officials said. Responding to distress calls from a few locals, some taxi drivers and government officials stationed in Chaten, seeking evacuation, the administration hired a helicopter to rescue them. "The state government arranged a helicopter and successfully evacuated 28 people, including three minors," one of the officials said. All ev ...Read More >
To boost agroforestry and double farmers' income, the Centre has introduced model rules for tree felling on agricultural land. These rules aim to simplify permissions, promote sustainable land use, and align with climate goals. By registering on the National Timber Management System (NTMS), farmers can gain transparency and access better market prices for their timber, including international markets.The Centre has issued model rules for the felling of trees on agricultural land in a bid to promo ...Read More >
New Delhi, Jun 7 (PTI) Realty firm G Square Group has acquired 714-acre project from Rakindo in Coimbatore for Rs 707 crore and will develop it as an integrated township. In a statement on Saturday, the company announced launch of 'G Square Seven Hill', a township project that combines plots and mixed-use development. "The acquisition of the 714-acre project from Rakindo for Rs 707 crore, marked the latest in a series of major investments transforming Coimbatore into a premier real estate destination," it said. The Kovai Hills project, now rebranded as G Square Seven Hills, spans 714 acres ...Read More >
Saharsa, Jun 26 (PTI) A portion of a culvert collapsed in Bihar's Saharsa district, officials said on Thursday. There was no report of any casualty in the incident, they said. Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian To Enter International Space Station (Watch Videos). Talking to PTI, Saharsa DM Deepesh Kumar said, "The incident took place on Wednesday evening when a portion of a culvert collapsed in Patarghat block. According to locals, a pillar of the culvert, which is very old, caved in when an over ...Read More >
New Delhi, Jul 2 (PTI) The Delhi High Court on Wednesday asked the Drug Controller General of India to consult experts and relevant stakeholders in deciding a plea over drug combinations sold in the market for weight loss treatment. A bench of Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela asked the petitioner to give a representation to the DGCI, which was asked to decide the matter within three months. Also Read | 'Janaki' Title Row: Malayalam Film Industry Holds Protest in Front of CBFC Office Against Renaming of Suresh Gopi Film. A plea filed by Jitendra Chouksey said license ...Read More >
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term ...Read More >
New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...Read More >
Ahmedabad, Jun 30 (PTI) The Gujarat government has decided to waive 80 per cent of the payable stamp duty for property transfers that are done by allotment letters or share certificates by housing societies, associations and non-trading corporations, a move it said will help middle-income families. Chief Minister Bhupendra Patel on Monday took the decision to grant the relief which has been given under Section 9(a) of the Gujarat Stamp Act, 1958. The decision has been taken "to provide substantial relief in payable duty amounts for housing transfers concerning the state's lower and middle-in ...Read More >
Mumbai (Maharashtra) [India], December 2: Dosti Realty, a leading brand in the real estate sector recognised for delivering exceptional residential experiences and premium lifestyle projects across the Mumbai Metropolitan Region has announced the "Good Buy 2024" campaign for aspiring homeowners. An ideal way to bid farewell to the year, the Dosti Realty campaign is designed to resonate with the spirit of the year-end, inspiring homebuyers to make meaningful investments that shape their future. Also Read | Farmers Protest: Massive Congestion at Delhi-Noida Border as Police Set Up Barricades Ah ...Read More >
New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >
Mumbai, Dec 18 (PTI) Private equity and venture capital (PE/VC) funds invested USD 4 billion in November, which was 156 per cent higher than the year-ago period but lower about 15 per cent compared with the preceding month, a report said on Wednesday. The month saw 87 deals -- 47 per cent higher than the 59 transactions in November 2023, as per the report by industry lobby grouping IVCA and consultancy firm EY. "While 2024 had started off on a strong note, geopolitical tensions, uncertainty over US elections outcome, and inflation weighed on the markets, as did the bid-ask spread between sel ...Read More >
New Delhi, Jun 8 (PTI) India's 26 major listed real estate firms sold properties valuing Rs 1.62 lakh crore last fiscal, with Godrej Properties becoming largest player clocking pre-sales of nearly Rs 30,000 crore. DLF Ltd, the biggest real estate firm in terms of market capitalisation, is at the second position with record sale bookings of over Rs 21,000 crore during 2024-25, followed by Macrotech Developers (Lodha Group), Prestige Estates Projects and Signature Global. According to the data compiled from investors presentations and regulatory filings, the 26 major listed real estate compani ...Read More >
Maharashtra will use special camera drones (LiDAR drones) to check mining and make more money. Following the government conncern over losing money because companies dig up more soil and stone than they report. These drones will accurately measure what's being dug Maharashtra Minister Chandrashekhar Bawankule announced on Saturday that the state government intends to utilise advanced LiDAR-based drone technology to monitor mining activities and boost revenue. This initiative will commence with a pilot project in the Pune district, reported news agency PTI. The state revenue minister highlight ...Read More >
Mumbai, Jul 1 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks -- Reliance Industries and HDFC Bank -- also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. How ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
New Delhi, Jun 27 (PTI) Rane (Madras) Ltd has sold a 3.48-acre land in Velachery, Chennai to a joint venture firm between Prestige Estates Project Ltd and Arihant Foundations & Housing for Rs 361 crore. The deal was facilitated by real estate consultant CBRE. Rane (Madras) Ltd has entered into an agreement with Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Project Ltd, to sell 3.48 acres of land in Velachery, the company said in a regulatory filing on Friday. The deal value is Rs 361.18 crore. The total extent of land in Velachery is ...Read More >
New Delhi, Jun 27 (PTI) India has so far evacuated more than 4,400 Indian nationals from Iran and Israel in 19 special flights under Operation Sindhu launched on June 18 to bring home its citizens amid an ongoing conflict between the two countries, according to the Ministry of External Affairs (MEA). The evacuated Indian nationals included "more than 1,500 women and 500 children", the MEA said in a statement on Friday. Also Read | PM Narendra Modi To Begin 5-Nation Tour on July 2 To Strengthen Global Partnerships. "The government of India is deeply committed to the safety and well-being of ...Read More >
New Delhi, Jun 30 (PTI) The Bar Council of India (BCI) has said that offering LLM or equivalent legal courses online or through hybrid mode without its approval was unauthorised and unrecognised. The BCI, as a result, issued an advisory against the proliferation of unapproved Master of Laws (LLM) programmes offered online, through distance or hybrid modes. The advisory, authored by Justice (retd) Rajendra Menon, former chief justice of the Delhi High Court and co-Chairperson of the standing committee on legal education of the BCI, was sent to all the high courts on June 25 for necessary acti ...Read More >
New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. "Gold continues to face downward pressure as both geopolitical and economic uncertainties e ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
Bengaluru, Jul 1 (PTI) The Karnataka High Court on Tuesday heard arguments in a case filed by X Corp India, the Indian arm of Elon Musk-owned social media platform 'X' (formerly Twitter), challenging the authority of government officials to issue content takedown notices under the Information Technology Act. 'X' Corp informed the court that it had recently received a notice from the Ministry of Railways seeking the removal of a video showing a woman driving a car on railway tracks in Hyderabad. Representing the company, Senior Advocate K G Raghavan argued against what he termed a misuse of o ...Read More >
Bengaluru, Jul 1 (PTI) Challenging the authority of the government officials to issue content take-down notices under Information Technology Act, social media giant 'X' on Tuesday argued in Karnataka High Court "What if every Tom, Dick and Harry officer sends notices?" The Union government and the court took strong objection to the language. 'X' Corp informed the court that it had recently received a notice from the Ministry of Railways seeking the removal of a video showing a woman driving a car on railway tracks in Hyderabad. Representing the company, Senior Advocate K G Raghavan argued ag ...Read More >
Mumbai, Jul 2 (PTI) Keystone Realtors Ltd has been selected to redevelop eight housing societies in Mumbai, enabling the company to generate revenue of Rs 3,000 crore from the saleable area. Mumbai-based Keystone Realtors sells properties under Rustomjee brand. Also Read | Bodoland Lottery Result Today, July 02, 2025: Assam State Lottery Sambad Wednesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. In a regulatory filing on Wednesday, Keystone Realtors informed that "it has been selected by eight housing societies as the developer for the large-scale cluster redevelo ...Read More >