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.
Mumbai, April 2 (UNI) The Bombay High Court on Thursday granted bail to BEST driver Sanjay More for his involvement in the December 2024 Kurla electric-bus crash that killed nine people, while calling the lack of practical training for e-bus drivers "shocking." Justice R. M. Joshi, in an order delivered today, noted that BEST was contractually required to provide at least seven days of training but cut it to three days of simulator-only sessions, with no on-road practice. "There could absolutely be no justification for not providing adequate training to the drivers before they are called upon to drive buses carrying passengers on busy roads in Mumbai," the court observed, adding that the truncated training "apparently... led to the occurrence of such a painful incident." More's lawyers argued he had prior experience with conventional buses but received no hands-on e-bus training, and that forensic reports showed no alcohol or drugs in his system. The court also rejected the prosecution's suggestion that he should have refused to drive, citing employment pressures. A key factor in the bail was trial delay: of 96 listed witnesses, none have been examined since More's arrest on Dec 10, 2024, and the court said there was "no reason to believe that the trial is likely to be completed within a reasonable time." Bail was set at a personal bond of ₹15,000 with one surety, with a direction not to tamper with evidence. The court clarified its observations are prima facie and won't influence the trial.
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
Mr. Rana's daughter-in-law, Sumbul Rana, had contested the Meerapur Assembly by-election as a Samajwadi Party candidate but was defeated by BJP's Mithlesh Pal Former Member of Parliament Kadir Rana was granted bail in two separate cases of alleged violation of the Model Code of Conduct during the Meerapur Assembly by-election, his lawyer said. Mr. Rana appeared before the Special MP/MLA Court in Muzaffarnagar on Wednesday (November 27, 2024) where the presiding officer, Devender Singh Fauzdar, approved his bail plea after he furnished a surety bond of ₹25,000 for each case. Mr. Rana, along ...Read More >
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: Bengaluru Police have arrested Nikita Singhania, the wife Atul Subash who died by suicide, along with her mother, Visha Singhania, and brother, Anurag Singhania, in connection with an abetment of suicide case. They were picked up from Gurugram and Prayagraj respectively and have been produced in the court. The accused are currently in a judicial custody. According to Bengaluru Police, the wife of Subash, Nikita Singhania is A1 in the case whereas her mother Visha Singhania and brother Anurag Singhania were named as A2 and A3 in the case. All three were arrested on Saturday morning ...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 >
Katra, June 6 (UNI) Prime Minister Narendra Modi on Friday said Pakistan engineered Pahalgam terror attack to hurt Kashmir's economy and brotherhood in the country, but its evil designs failed and Indian Armed Forces hit the neighbouring country deep inside. "Pakistan attacked both humanity and Kashmiriyat in Pahalgam. Its intention was to incite riots in India and disrupt the livelihoods of hardworking Kashmiris. By attacking tourists, Pakistan aimed to damage the region's economy and peace," Modi said while addressing a massive gathering. Recalling the start of Operation Sindoor exactly a ...Read More >
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 percent YoY to 17.1M, the company said in a release. Sriharsha Majety, MD & Group CEO, Swiggy, said "The ...Read More >
New Delhi, Dec 4 (PTI) Axis Securities on Wednesday settled a case involving front-running trades by Vikrant Bhimrao Kadam, who worked as its dealer, and his friend, after paying Rs 14.62 lakh towards settlement amount to Sebi. It was alleged that as a stock broker, Axis Securities failed to exercise appropriate due diligence in the matter in its dealer and branch manager compliance policy. Also Read | Latest Government Jobs Notifications: Apply for 98 Court Officer, Assistant and Other Posts of NCLT Recruitment 2024; Know Salary and Other Details Here. The order came after Axis Securities ...Read More >
Mumbai: The Bombay High Court has raised concern over terminally ill prisoners languishing in Maharashtra's jails and asked the state govt to consider proper implementation of an advisory on grant of medical bail or to place them in house arrest. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan on Monday said they visited the Yerwada central prison in Pune on Sunday and met with prisoners, particularly women inmates, and inspected the condition there. The bench referred to a ...Read More >
Srinagar, Jan 8 (UNI) In a significant breakthrough, Srinagar Police dismantled a cross-border drug trafficking network, seizing 8 kilograms of heroin valued at Rs 30-32 crore in the international market, and arresting two key operatives. Senior Superintendent of Police (SSP), Srinagar, Imtiyaz Hussain Mir, revealed that initial investigations confirmed the narcotics were smuggled from Pakistan as part of a cross-border trafficking syndicate. The SSP detailed the operation, saying that a team from Police Post Qamarwari intercepted a vehicle at Barthana Crossing during a routine checkpoint. ...Read More >
New Delhi [India], May 21 (ANI): The Supreme Court on Wednesday granted anticipatory bail to former Indian Administrative Service (IAS) trainee officer Puja Khedkar, accused of forging her documents to obtain eligibility for the 2022 Union Public Service Commission test. A bench of Justices BV Nagarathna and Satish Chandra Sharma asked Khedkar to cooperate in the probe. Also Read | Security Scare in Kolkata: Police Launch Probe After Drone-Like Objects Spotted Over Sky, Centre Seeks Report From West Bengal Govt. During the hearing, the bench said, "What is the grave crime she has committed? ...Read More >
Muzaffarnagar (UP), Dec 6 (PTI) A teacher who asked other students to slap a Muslim boy in a school here surrendered at a POCSO court and was released on bail, an official said on Friday. Tripta Tyagi was caught last year in a video asking children to slap a boy in a school where she taught. Additional District Judge (POCSO) Alka Bharti on Thursday granted her bail and ordered her to furnish two sureties of Rs 25,000 each. She posted the matter for further hearing on Friday. Kapil Ahlawat, Tyagi's lawyer, told PTI that Tyagi had surrendered in the Special POCSO court on Thursday and sought ...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 >
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 >
Police officials said the man, from Visakhapatnam, had already paid the principal amount but was being hounded for a huge amount as interest. The man's family has lodged complaints with the police commissioner and the district collector. Hyderabad: Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old died by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married. Police officials said Narendra, who catches fish for a living, ...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 >
New Delhi, Jan 27 (UNI) Aam Aadmi Party (AAP) has released its manifesto for the next month Assembly election with 15 guarantees, including employment and the women's dignity scheme. While releasing the manifesto on Monday, AAP's national convener and former Chief Minister Arvind Kejriwal said, "Kejriwal's guarantees are solid," emphasising that free electricity for 24 hours, free water, free education, free pilgrimage for senior citizens, free bus travel for women, and free medical treatment in hospitals and Mohalla Clinics will continue in Delhi. He alleged, "BJP leaders and spokespersons ...Read More >
JAIPUR: The Rajasthan Prohibition of Unlawful Conversion of Religion Bill, 2025 was introduced in the ongoing Budget Session of the state Assembly on Monday. The offence under the anti-conversion bill will be cognisable and non-bailable and triable by a court. The Bill is aimed at prohibiting unlawful conversion from one religion to another and has provisions for imprisonment of up to 10 years and a fine of up to Rs 50,000. It was introduced by Health Minister Gajendra Singh Khinvsar and will be passed by the House following a debate during the session. Religious conversion by misrepresent ...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 >
Kuldeep Singh Sengar is also serving a 10-year jail term in connection with the custodial death of the Unnao rape victim's father. Kuldeep Singh Sengar sought interim bail on the grounds that he was suffering from various ailments The Delhi High Court on Thursday granted a two-week interim bail on medical grounds to expelled BJP leader Kuldeep Singh Sengar who is serving life term for raping a minor in Uttar Pradesh's Unnao in 2017. A bench headed by Justice Prathiba M Singh suspended the sent ...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 >
Bengaluru, Dec 14 (UNI) The tragic suicide of 34-year-old tech professional Atul Subhash has led to the arrest of his estranged wife and her family members in connection with allegations of harassment, extortion, and financial abuse. Subhash, a resident of Manjunath Layout in Bengaluru, was found dead in his apartment on December 9, leaving behind a 25-page suicide note. In the note, he accused his wife, Nikita Singhania, and her family of subjecting him to relentless emotional and financial distress during their ongoing divorce proceedings. Following a complaint filed by Atul's brother, Bik ...Read More >
New Delhi: Former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination, has moved the Supreme Court for anticipatory bail. A bench of Justices B V Nagarathna and Satish Chandra Sharma is scheduled to hear the plea on January 15. Khedkar has challenged the December 23 2024 Delhi High Court order which refused to grant her anticipatory bail. The high court said a strong prima facie case was made out against Khedkar and an investigation was required to unearth the "larger conspiracy" to manipulate the system ...Read More >
New Delhi, June 5 (UNI) The Delhi International Open Grandmasters Chess Tournament (Delhi GM Open) is set to make a grand return this June with a record prize pool of Rs 1.21 crore. Triveni Sports has come on board as the Associate Sponsor for the 21st edition, marking a major boost for one of India's most prestigious chess events. Organized by the Delhi Chess Association (DCA), the tournament will take place from June 7 to 14 here, drawing over 2,500 players from more than 15 countries, including 20 Grandmasters ,across three rating-based sections. Held under the aegis of the All-India Ch ...Read More >
Sharmistha Panoli, a law student, faced arrest over a controversial social media video. The video sparked outrage for allegedly insulting a religious community. Despite an apology, legal action followed. Kolkata Police arrested Panoli in Gurugram. A Kolkata court initially remanded her to judicial custody. Now, the Calcutta High Court has granted her interim bail.The Calcutta High Court on Thursday granted interim bail to influencer Sharmistha Panoli, arrested for allegedly posting video on socia ...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 >
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. Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Police Arrest Her Mother, Brother From Uttar Pradesh's Jaunp ...Read More >
Kolkata: Probing the murder and rape of the class VIII student in New Town, cops have found that accused Soumitra Roy (22) is an undertrial accused in a four-year-old dowry death case at his hometown in Nadia's Dhantala. He was accused of torturing and killing his former wife for dowry. Cops said in a case dated Aug 2, 2021, Roy was arrested by officers of Dhantala PS. "He got bail in 2022 and then left Nadia with his family and remarried 13 months ago. He still has to appear in a Nadia court in connection with the case on a regular basis," an officer said. TOI on Monday quoted his wife Mous ...Read More >
Mumbai: Salman Khan aka Bhaijaan is known not just for his superstar status, but also for his deep-rooted love and loyalty towards his family. Despite having an estimated net worth of over Rs 2900 crore, Salman still chooses to live in his modest 1BHK flat in Bandra, all to stay close to his parents. "I love staying at my flat in Bandra over a big, luxurious bungalow because my parents live in the flat above mine. Ever since I was a child, I have taken the same left turn or right turn, and I wouldn't have it any other way," Salman once shared. And now, a viral Reddit post has fans buzzing wi ...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 >