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.
Dwarakapudi (Andhra Pradesh), May 18 (PTI) Four children died of suffocation after being trapped inside a parked car in Vizianagaram district, police said on Monday. The children, who were playing outside the house, entered the parked vehicle at around noon on Sunday. "They were unable to exit as the doors of the unlocked car automatically locked after entry," police added. "We believe the car's auto-lock system engaged once the kids got in, trapping them," a police official told PTI, adding that the bodies were discovered six hours later, post-6 pm on Sunday. A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS). Of the four children, two were siblings, while the others belonged to separate families. PTI MS STH SSK SSK ADB
Bengaluru, June 6 (PTI) Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the sta ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
Thiruvananthapuram, Jun 27 (PTI) Zumba dance, a high-energy fitness programme introduced in schools in Kerala by the General Education Department as part of its anti-drug campaign, is facing opposition from certain Muslim groups who argue that it goes against moral values. The programme was introduced in schools following a directive from Chief Minister Pinarayi Vijayan, who stated that the dance -- which combines dance and aerobic movements performed to lively music -- would help reduce stress among schoolchildren and, in turn, counter the menace of drug abuse among young people. From this ...Read More >
Chennai/Sivaganga, Jul 1 (PTI) The opposition in Tamil Nadu on Tuesday mounted pressure on the ruling DMK over the custodial death of a temple security guard in the state's Sivaganga district, demanding a CBI probe into the matter, even as the state government initiated action against policemen, including putting the district police chief on "compulsory wait". Also, a DSP was placed under suspension. The matter also came up before the Madras High Court bench in Madurai, which appointed an Enquiry Officer to look into the issue and submit a report on July 8, while allowing a CB-CID probe into ...Read More >
Bengaluru, Jul 1 (PTI) In the wake of recent cases of deaths due to heart attacks in Hassan, Karnataka, Chief Minister Siddaramaiah on Tuesday said that "hasty approval and distribution" of the Covid vaccine to the public could also be a reason for these deaths. He urged everyone to visit the nearest health center immediately for a check-up if they have symptoms such as chest pain or difficulty breathing, and not to ignore these signs. The chief minister said that more than twenty people have died due to heart attacks in the past month alone in just one district of Hassan. "The government i ...Read More >
Thiruvananthapuram, Jul 10 (PTI) Senior Congress leader Shashi Tharoor has criticised the Emergency declared by Prime Minister Indira Gandhi in 1975, saying the people of the country responded clearly to the excesses of that period by voting her party out of power by a large margin. In an article published on the measure, which lasted between 25 June 1975 and 21 March 1977, in the Malayalam daily 'Deepika' on Thursday, the Congress Working Committee member termed it "a dark chapter" in India's history and recalled Indira Gandhi's son Sanjay Gandhi's notorious acts, including forced sterilisat ...Read More >
Mysuru (Karnataka), Jul 12 (PTI) A 38-year-old man who is booked under sections of the POCSO Act has been attacked along with his family members, allegedly by the victim's family in Mysuru while they were riding an auto rickshaw, police said on Saturday. The incident occurred on Thursday night on Ramanuja Road when the accused, along with his wife, sister and mother, were returning home after visiting a police station in connection with the case, they said. The attack was purportedly captured on CCTV cameras and mobile phones, and the visuals soon went viral. The videos show that people who ...Read More >
Bengaluru, Jan 13 (PTI) The Karnataka High Court has dismissed on Monday an appeal by J Deepak and J Deepa, the legal heirs of late Tamil Nadu Chief Minister J Jayalalithaa, seeking the release of her assets confiscated in a 2004 disproportionate assets case. Jayalalithaa was convicted by a special court in 2014 for amassing wealth disproportionate to her known sources of income during her tenure from 1991 to 1996. Following her conviction, her properties were confiscated by the authorities. Although she was acquitted by the Karnataka High Court in 2015, then congress government in Karnataka ...Read More >
Kottayam (Kerala,), May 27 (PTI) Sister Anupama, who was the face of protests against former Jalandhar Bishop Franco Mulakkal in a rape case, has renounced nunhood and gone back to ordinary life, leaving the Catholic convent. For several years, she had been an inmate of a Kuravilangad-based convent, which is functioning under the Latin Catholic diocese of Jalandhar. A group of nuns, led by Sister Anupama, had fought on behalf of the victim nun who had accused Mulakkal of raping her multiple times. "She renounced nunhood and left the convent some time back," a church source told PTI. Howeve ...Read More >
Thiruvananthapuram/Chennai, Jun 6 (PTI) Malayalam actor Shine Tom Chacko's father died in a road accident near Dharmapuri in Tamil Nadu on Friday morning when the family was travelling to Bengaluru, police said. According to a senior police officer in Dharmapuri, the actor suffered a fracture to his left arm, while his brother and mother, who were also in the vehicle, and the driver of the car suffered minor injuries. The incident occurred early in the morning on the national highway from Salem to Bengaluru when the vehicle Chacko's family was travelling in tried to overtake a lorry in front ...Read More >
Chennai, Jun 29 (PTI) A 28-year-old security guard of a temple in Sivaganga district allegedly died when he was being questioned by police in connection with a theft case, and the main opposition AIADMK has demanded a comprehensive probe and legal action against those responsible for his death. AIADMK general secretary Edappadi K Palaniswami strongly condemned what he called "the doll chief minister" and alleged Stalin could not even administer the police department that is under his direct control. In order to facilitate a comprehensive investigation, to bring out the whole truth, a committ ...Read More >
Mysuru, Jun 30 (PTI) Karnataka Chief Minister Siddaramaiah on Monday asserted that the Congress government in the state will remain "as solid as a rock" for five years and maintained that he and Deputy Chief Minister D K Shivakumar share good terms. He also hit out at BJP leaders for claiming he would not inaugurate the world-famous Mysuru Dasara celebrations this year, calling them "experts in lying." These remarks come amid renewed speculation about a possible leadership change in Karnataka later this year. "This government will be as solid as a 'bande' (rock) for five years," Siddaramaiah ...Read More >
Chennai, Jul 1 (PTI) Tamil Nadu Chief Minister M K Stalin on Tuesday said the custodial death of a 29 year-old man in Sivaganga was "unjustifiable," and that no one should experience such a fate. The government will stand by the affected family, he said in a post on 'X.' In his telephonic conversation with the mother of the deceased Ajithkumar, Stalin asked her to stay strong. "I am very sorry, have asked action to be taken, serious action. Stay strong," he told her. The CM shared the video of his telephonic conversation with the family on his 'X' handle. While talking to the brother of th ...Read More >
Mumbai, Jul 10 (PTI) With more and more companies prioritising inclusivity, a study has revealed that the most diverse companies delivered 50 per cent higher net profit compared with less diverse counterparts. Around 8 out of 10 industries studied showed a positive relationship between the presence of women and profit after tax (PAT) as most diverse companies delivered 50 per cent higher net profit than their less diverse counterparts, according to HR advisory firm Marching Sheep's 'Marching Sheep Inclusion Index 2025' study. This annual study, conducted by HR advisory firm Marching Sheep's ...Read More >
Thiruvananthapuram, Jun 6 (PTI) The Kerala Government's decision to change Bakrid holiday triggered a political row in the state on Friday with the Indian Union Muslim League (IUML) accusing it of attempting to implement "communal agenda and fascism" in the state. Originally Friday (June 6) was marked as holiday for Bakrid. However, following the reports that the festival would be celebrated on Saturday across the state, on Thursday, the Kerala government announced that Saturday, June 7, will be a public holiday for Bakrid. As per the change, government also declared that June 6 (Friday) wou ...Read More >
Kochi, Jun 8 (PTI) A war of words erupted between Kerala Industries Minister P Rajeev and well-known industrialist Sabu M Jacob over the business environment and investment friendliness in the state. While Rajeeve took a dig at Jacob saying that those who had announced to shift their business from the state were still continuing here, Kitex Groups chairman Sabu Jacob gave a sharp reply saying that Kerala is not the "paternal property" of anybody. The minister and the businessman crossed swords a day after a delegation of Andhra Pradesh government visited Jacob here and invited him to invest ...Read More >
Bengaluru, Jul 1 (PTI) The Karnataka High Court on Tuesday ordered a comprehensive probe by the Central Bureau of Investigation (CBI) into the alleged Valmiki Scheduled Tribes Development Corporation scam. Previously, the CBI's role in the case was confined to examining limited irregularities. However, the High Court has now directed a full-fledged investigation, requiring the state's Special Investigation Team (SIT) to transfer all case-related documents and evidence to the central agency. The case involves serious allegations of embezzlement of funds earmarked for the welfare of tribal co ...Read More >
Bengaluru, Jul 8 (PTI) The Karnataka government has said that it has approved the release of Rs 244.10 crore to cover additional expenses such as wholesale and retail margins and transportation charges under the Annabhagya scheme for the months of February to May, 2025. This fund allocation comes in addition to a previously released grant of Rs 2,082.99 crore, which was meant for the purchase of an extra five kg of rice per beneficiary and other related costs for the four-month period, a government order issued on Monday said. The order was issued as the lorry owners transporting rice and ot ...Read More >
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". "Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable, and convenient commute option for women who prefer to ride with female driver ...Read More >
Kochi, Feb 3 (PTI) The opposition Congress-led UDF on Monday intensified its criticism of Union Ministers George Kurian and Suresh Gopi over their recent controversial statements, calling their remarks "immature" and accusing BJP leaders like them of having contempt for Kerala. Addressing reporters here, the Leader of Opposition in the state Assembly, V D Satheesan, strongly criticised the "backward" remark made by Kurian, the Minister of State for Minorities and Fisheries, on Union Budget day, and stated that Kerala has only sought the funds it rightfully deserves from the centre. Taking a ...Read More >
Mumbai, Jun 7 (PTI) In the wake of removal of its pro-Vice Chancellor for alleged financial misappropriation, city-based Tata Institute of Social Sciences (TISS) is now contemplating to appoint a Vice Chancellor in the next couple of months. On Friday night, TISS asked its pro-VC professor Shankar Das to step down with immediate effect amid allegations of financial misappropriation and irregularities against him. "Consequent upon approval of the Competent Authority, Prof Shankar Das, Pro Vice Chancellor is hereby relieved from the charge of Pro Vice Chancellor with immediate effect," the TIS ...Read More >
Hyderabad, Jun 27 (PTI) Brihaspathi Technologies Limited a city-based AI surveillance and security solutions provider on Thursday said it gearing up for an Initial Public Offering (IPO) in the next financial year and the proceeds from it will be utilised to strengthen its research and development (R&D) capabilities, and expand manufacturing capacity. The firm has successfully raised USD 10 million in funding from foreign institutional investors and others and the capital infusion will fuel the company's expansion efforts, including the establishment of a new 72,000 sq ft CCTV manufacturing fa ...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 >
Bengaluru, Jun 27 (PTI) The discovery of a seemingly stale carcass of a cow in Hugyam forest range in Mahadeshwara Hills on Friday strengthens the doubt that the death of a tigress and her four cubs could be due to poisoning, officials said. These five tigers were found dead in this forest on Thursday. It is suspected that the miscreants had poisoned the cow, and after eating it, the tigress and its cubs might have died. "Either the bovine was poisoned before being left in the forest, or the owner of the cattle, after spotting the dead cow, would have spread poison on its body, which the ti ...Read More >
Thiruvananthapuram, Jun 30 (PTI) The health condition of former Kerala Chief Minister V S Achuthanandan remains critical, as his blood pressure and kidney function are yet to become normal even several days after getting admitted to a private hospital here, doctors said on Monday. According to the latest medical bulletin issued by the hospital, the veteran Marxist leader is responding to medication. However, his blood pressure and kidney function are still not stable, it said. The 101-year-old leader was admitted to the hospital last week and is being treated in the intensive care unit by a ...Read More >
Sangareddy (Telangana), Jul 3 (PTI) As many as nine people are still missing in the explosion at the Sigachi Industries' pharma plant in Pashamylaram that claimed at least 38 lives and left 35 injured, and efforts are on to trace them, Superintendent of Police (SP) of this district, Paritosh Pankaj, said on Thursday. Meanwhile, the expert committee appointed by the state government to ascertain the causes and establish the sequence of events that led to the explosion is expected to visit the site on Thursday. The panel should submit a detailed report with specific suggestions and recommendat ...Read More >
Bengaluru, Jul 11 (PTI) In the wake of Karnataka Chief Minister Siddaramaiah asserting that he would complete his five years' tenure, his deputy D K Shivakumar on Friday said the CM has replied to all the questions on the matter. "The Chief Minister has already answered all your questions. It's not appropriate for me to keep repeating the same, and it's not right for you to keep asking," Shivakumar told reporters at the Bengaluru airport, upon his return from New Delhi. Both Siddaramaiah and Shivakumar were in the national capital to meet the Congress high command earlier this week. "Why ar ...Read More >
Chennai, Jul 12 (PTI) PMK founder Dr S Ramadoss on Saturday claimed that his social media accounts have been hacked and sought help from the police to restore them. He has petitioned the police, alleging that his official accounts on X (formerly Twitter) and Facebook were hacked, and passwords were changed, a party source said. The compromising of his social media accounts is his latest accusation since the souring of ties with his son Dr Anbumani, over the leadership of the Vanniyar-dominated Pattali Makkal Katchi, which he founded and led over the years. The relations between the father a ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Thrissur(Kerala), Jun 7 (PTI) Union Minister Suresh Gopi on Saturday visited Malayalam actor Shine Tom Chacko and his mother who were admitted to a private hospital here after sustaining injuries in a car accident a day ago near Dharmapuri in Tamil Nadu, in which the actor's father died. The Union Minister of State for Petroleum, Natural Gas and Tourism told reporters that Chacko has a fracture in his left arm that requires surgery and his mother has a minor crack on her hip. He said that the actor has decided to undergo the surgery after the funeral of his father which is likely to be held ...Read More >