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.
Pune, 1 April 2026: Force Motors Limited, India's largest van maker and a leading automotive manufacturer, reported total domestic wholesales of 36,536 units in FY 2025-26, registering a 20% growth compared to 30,531 units in FY 2024-25. The year witnessed growth across the portfolio, owing to strong demand in both urban and rural passenger mobility segments and continued strength in institutional and defence businesses. The company's flagship, Force Traveller, maintains its leadership in the light commercial vehicle segment, with over 70% market share, reflecting strong customer trust and widespread use across applications, including school and ambulance segments. A key highlight of the year was the strong performance of Urbania, which recorded over 100% growth in volumes, further strengthening its position in the premium passenger mobility category. The product continues to see increasing adoption across fleet operators, staff mobility, and institutional buyers, while also emerging as a preferred choice among end users, supported by its differentiated offering in comfort, safety and total cost of ownership. The Trax platform also delivered a standout performance, registering over 70% increase in volumes during the year. The strong performance reflects the model's growing traction across Tier-2 and Tier-3 markets, supported by improved affordability and accessibility, also aided by GST rationalisation, enabling deeper penetration across segments where demand for reliable and rugged transport solutions remains strong. The Special Vehicle Division aided in demonstrating the company's strength across its product offerings, including supply of its first lot of 600 units of the Gurkha to the Indian Army during the year. This reinforces Force Motors' longstanding association with defence forces and its capability to deliver purpose-built vehicles for demanding terrains and applications. Commenting on the year's performance, Mr. Prasan Firodia, Managing Director- Force Motors Limited said, "Our performance this year reflects the way we are steadily shaping the business -- being more focused, disciplined, and aligned to the segments where we know and believe that we can lead. The Force Urbania is setting new benchmarks in premium shared mobility, while the Trax platform is helping improve connectivity across the country. Our Traveller range continues to anchor our presence in the segment, with its market leadership reflecting the deep trust customers place in the brand. At the same time, our continued work with the defence sector reflects the strength of our engineering and our ability to deliver in demanding conditions. We also saw steady growth in our export business, with overall exports growing by 13% (4-wheelers only). Given our strong exports' presence in Gulf markets, we remain mindful of the evolving geopolitical situation and are closely monitoring the developments. As we look ahead, staying close to our customers and paying close attention to their needs & shaping our products and solutions accordingly -- will remain a key focus for us. We will continue to build on our strengths with consistency, while staying responsive to evolving market needs".
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, including its New Zealand and Middle Eastern operations. The acquisition is financed through a combin ...Read More >
Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Prof Prakash Antahal, Chief Proctor, said that the University had been planning for a long time to implement this Green Campus initiative. However, the decision was delayed due to non-availability of a designated parking slot. Now that the parking facility is ready, the University has taken this decisive ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
Mumbai : Honda Cars India Ltd. (HCIL), a leading premium car manufacturer in India today launched two exclusive editions of its popular SUV - Honda Elevate Black Edition and Honda Elevate Signature Black Edition. These exclusive editions have been introduced in new Crystal Black Pearl colour. Introduced in response to a popular demand received from the market, these premium black editions will cater to customers who are seeking a bold, sophisticated and distinctive designed SUV experience from Honda. Speaking about the new Black Editions of the Honda Elevate, Mr. Takuya Tsumura, President and ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and electrification, specifically designed to meet the unique requirements of the Indian market. Hyundai Mo ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...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 >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
PRNewswire Chennai (Tamil Nadu) [India], December 13: Star Health and Allied Insurance Company Limited, the first standalone health insurance company in India, today announced the launch of its revolutionary retail health insurance product, 'SUPER STAR'. This innovative policy offers a long-term policy for the retail health segment, combining advanced features and highly customisable covers to address the growing complexities of modern lifestyles, rising medical expenses, and unforeseen emergencies. * Offers a long-term policy and unparalleled, highly customisable solutions for evolving heal ...Read More >
New Delhi, Jan 17 (PTI) IT service provider Tech Mahindra on Friday announced the opening of an advanced Manufacturing Experience Centre at its Chennai campus. The centre was inaugurated by Mahindra Group chairman Anand Mahindra and Tech Mahindra CEO Mohit Joshi, according to a company statement. The centre will help manufacturers to quickly prototype and scale AI-based innovations to tackle industry issues like high operational expenses, inefficiencies in processes, supply chain disruptions, and complex operational challenges. Additionally, it will function as a hub where customers can vis ...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 >
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 >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted a ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assurances," Majhi said on a day his govt received over 100 investment intents and signed 54 MoUs in various ...Read More >
Subathu (Himachal Pradesh) [India], June 5 (ANI): A strength of 158 Agniveers passed out in an impressive Passing Out Parade at the historical Salaria Stadium of 14 Gorkha Training Centre in Subathu, an official release said on Thursday. The recruits, who swore allegiance to the Indian Republic, underwent rigorous training for over 31 weeks in various aspects of physical fitness, battle and field craft, weapons, and tactics. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. As per the release, the Agniveers would now be joining the Gorkha Battalions ...Read More >
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >
PNN Hyderabad (Telangana) [India], December 6: We are thrilled to announce that ABSYZ Software Consulting, a Youngsoft company, and a trusted Salesforce partner since 2014, has been elevated to Salesforce Summit Partner status, the highest recognition within the Salesforce consulting ecosystem. This milestone highlights ABSYZ's unwavering commitment to excellence, innovation focused on customer needs, and delivering transformative results for clients through its global Salesforce implementations. As one of the elite 5% of Salesforce consulting partners worldwide, this achievement reflects ou ...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 >
New Delhi, June 5 (SocialNews.XYZ) Union Commerce and Industry Minister Piyush Goyal on Thursday said he looks forward to further strengthening India-Italy strategic partnership by closely working together with the country. Goyal is in Italy on a two-day official visit, after completing his engagements in France which focused on strengthening India-France economic cooperation. "Honoured to be hosted for a delightful dinner by H.E. @Antonio_Tajani, Deputy Prime Minister and Minister of Foreign A ...Read More >
Cloud-based testing platform LambdaTest has secured $38 million in a funding round led by Avataar Ventures, with Qualcomm Ventures also participating. The fresh funding comes after a gap of more than 30 months for the Noida and San Francisco-based startup. This latest round brings the company's total funding to $108 million, including a $45 million round in March 2022. Its early backers include Premji Invest, Peak XV, Telstra Ventures, Blume Ventures, and Leo Capital. LambdaTest was part of the ...Read More >
Gurgaon: As the Union Budget 2025-26 approaches, affordable housing remains a critical expectation for the real estate sector. Once a flourishing segment, affordable housing -- homes priced under Rs 40 lakh -- faced a sharp downturn in recent years. According to industry data, the share of affordable housing in total sales dropped to 18% in 2024 from 38% in 2019. Similarly, its share in the total housing supply across the top seven cities declined from nearly 40% in 2019 to just 16% in 2024. This steep fall highlights the urgent need for interventions to revive the segment, which struggled ...Read More >
New Delhi, Jan 17 (PTI) India's offensive and defensive responses need to be further strengthened in view of turmoil in the rules-based global order, Defence Minister Rajnath Singh said on Friday. In an address at an event, he also said that the Indian Navy is working towards increasing its presence in the Indian Ocean region. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. The Indian Ocean is witnessing increasing Chinese presence triggering concern among India's national security planners. India's economic prosperity is linked to m ...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 >
Mumbai (Maharashtra) [India], December 4: Turtlemint, a leading InsurTech platform, has experienced exponential growth driven by a surge in its motor insurance business during the festive season of FY'25. The company has issued over 4 lakh motor insurance policies through its extensive network of insurance advisors, marking an almost 200% increase in sales compared to the same period last year. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. According to Turtlemint's data for FY25, the period starting ...Read More >
NOIDA, India and SAN FRANCISCO, Dec. 10, 2024 /PRNewswire/ -- LambdaTest, the leading cloud-based unified testing platform, has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding to $108 million. This pivotal investment will accelerate LambdaTest's mission to democratize quality engineering through innovation, and redefine industry standards for web and mobile software quality through its groundbreaking innovation, KaneAI - "AI Native QA Agent-as-a-Service" platform. With 15,000+ customers including Fortune 500 an ...Read More >