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: Foreign Secretary Vikram Misri Thursday called for a return to diplomacy to resolve the crisis in West Asia as he represented India at a UK-hosted meeting of over 60 nations that focused on securing global shipping routes through the volatile Strait of Hormuz. Misri, joining the deliberations through virtual mode, articulated New Delhi's stance on the safety of international shipping lanes in the region amid Iran's partial blockade of the strategic waterway, which has severely disrupted global oil and gas supplies. In his remarks at the meeting, the foreign secretary noted the importance of the principles of freedom of navigation and unimpeded transit through international waterways, according to the Ministry of External Affairs (MEA). It said Misri emphasised the impact of the crisis on India's energy security and the fact that it remains the only country to have lost mariners in attacks on merchant shipping in the Gulf. He also underlined that the way out of the crisis consisted of de-escalation and a return to the path of diplomacy and dialogue among all concerned parties, the MEA said in a brief statement. Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20 per cent of global oil and LNG (Liquefied Natural Gas). West Asia has been a major source of India's energy procurement. As far as India is concerned, you very well know that we stand for free and open commercial shipping, and for maritime security in keeping with international law, MEA spokesperson Randhir Jaiswal said at his weekly media briefing. We continue to call for ensuring safe and free navigation through the Strait of Hormuz as a matter of priority, he said. Jaiswal said the UK invited several countries, including India, for talks on the Strait of Hormuz, and Misri attended it. We are in touch with Iran and other countries to see how best we can get unimpeded and safe transit for our ships, which are carrying products including LPG and LNG, he said. Through these conversations over the last few days, six Indian-flagged vessels have been able to safely cross the Strait of Hormuz. We continue to be in touch with relevant parties on this matter, Jaiswal said. The external affairs ministry spokesperson said New Delhi is closely following all developments relating to the West Asia conflict. There have been growing global concerns over disruptions in commercial shipping through the Strait of Hormuz, with many leading powers pressing for the full reopening of the waterway. Iran has allowed ships belonging to its friendly countries to transit through the waterway. In the last couple of weeks, India has made diplomatic efforts focusing on ending the conflict in West Asia as soon as possible and ensuring the unimpeded flow of energy through the Strait of Hormuz. New Delhi thinks there could be serious ramifications for fuel and fertiliser security for many countries, including India, if the blockade of the shipping lane continues.
Mark Carney declined to answer if he believed Indian PM had a role in murder of Sikh activist Hardeep Singh Nijjar Canada's prime minister Mark Carney has defended his decision to invite India's prime minister Narendra Modi to the upcoming G7 summit in Alberta, despite Canada's federal police's conclusion that the murder of a prominent Sikh activist in British Columbia was orchestrated by the "highest levels" of the Indian government. Carney declined to answer reporters' questions over whether ...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 >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
NEW DELHI: Prime Minister Narendra Modi will travel to Trinidad and Tobago on a two-day visit from July 3 as part of his multi-country eight-day-long tour that begins this Wednesday and will include visits to Ghana, Argentina, Brazil, and Namibia. Addressing a special media briefing in the national capital on Monday, Secretary (South) in the Ministry of External Affairs Neena Malhotra, said that the entire indian community in the Carribbean country was "very enthusiastic" about PM Modi's upcoming visit. "PM Modi will be undertaking an official visit to Trinidad and Tobago from July 3-4 at th ...Read More >
xternal Affairs Minister (EAM), S. Jaishankar, on Monday, met with the Foreign Minister of Ukraine and discussed the conflict with Russia at the sidelines of the MED Mediterranean Dialogues Conference in Rome, Italy. Apart from Ukraine, EAM Jaishankar met with his counterparts from France, Lebanon, and Croatia as well. On his meeting with the Ukrainian Foreign Minister Andrii Sybiha, the EAM reiterated India's support for "dialogue and diplomacy" to end the long-running conflict. "Good to meet FM of Ukraine @andrii_sybihain Rome today. Useful exchange on advancing our bilateral cooperation. ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth rate of the core industries, therefore, is an indicator of the overall industrial growth rate. Apa ...Read More >
New Delhi [India], June 5 (ANI): External Affairs Minister S Jaishankar, in the presence of leaders of Central Asian countries, touched upon various business opportunities and complementarities between these respective economies on Thursday. Jaishankar suggested a few areas where India and Central Asian countries should collaborate to improve their economies. Jaishankar noted that India's trade and economic ties with Central Asia have actually shown a very strong positive trend over the last decade. However, he has also said that the trade figures do not reflect the full potential. Given th ...Read More >
New Delhi, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar has urged the India-Central Asia Business Council to recommend a roadmap for further deepening of India-Central Asia ties in trade, economic and investment. Addressing the Business Council meeting in the national capital, EAM Jaishankar highlighted three broad objectives for strengthening the economic partnership -- deepen existing cooperation, diversify the trade basket and introduce sustainability and predictability in economic interactions. "One, is to deepen the existing cooperation both in terms of volume a ...Read More >
NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a "very big" agreement with India will be forthcoming soon. In a presser at the White House, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.""We're not going ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Prime Minister Narendra Modi will undertake a five-nation visit starting July 2, visiting Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia, the Ministry of External Affairs (MEA) announced on Friday. In the first leg of his visit, PM Modi will visit Ghana (July 2-3) which will be Prime Minister's first ever bilateral visit to Ghana. This Prime Ministerial visit from India to Ghana is taking place after three decades. During the visit, Prime Minister will hold talks with the President of Ghana to review the strong bilateral partnership and discuss ...Read More >
CHENNAI: The recently concluded Shanghai Cooperation Organisation (SCO) summit in China has brought to the fore the contradictions and dilemmas of India's foreign policy. They relate to the growing affinity between China and Pakistan, which could upset the delicate balance of power in South Asia and India's balancing act with regard to the conflict between Israel and Iran. Whatever the political rhetoric of new regimes, continuity in foreign policy is almost unchangeable, while there will be room for making some changes or shifts. India, under successive NDA governments, has been making some ...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 >
New Delhi, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar on Friday welcomed the Foreign Ministers of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in New Delhi for the 4th India-Central Asia Dialogue, as India continues to put a strong foot forward in enhancing anti-terror and de-radicalisation partnerships across the region. "4th India-Central Asia Dialogue begins in Delhi. EAM S Jaishankar warmly welcomed Deputy Prime Minister and Foreign Minister of Kazakhstan Murat Nurtleu, Foreign Minister Sirojiddin Muhriddin of Tajikistan, Deputy Chairman of C ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
New Delhi, Jun 26 (PTI) India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on June 18 to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said, New Delhi was "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not". On June 24, while India remained "deeply concerned about ...Read More >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
India's Foreign Minister S. Jaishankar spoke with Iranian counterpart Seyed Abbas Araghchi about the Iran-Israel conflict post 12-day hostilities. India praised Iran's help in evacuating Indians. Following a US-mediated ceasefire, India is closely monitoring radiation at Iranian nuclear sites and urges diplomatic dialogue for peace. India's External Affairs Minister S. Jaishankar held talks with Iranian Foreign Minister Seyed Abbas Araghchi, addressing the recent hostility between Iran and Israel. Jaishankar expressed gratitude for Iran's assistance in the evacuation of Indian nationals amid ...Read More >
New Delhi [India], June 28 (ANI): India has rejected 'supplemental award' by the 'illegal Court of Arbitration' concerning the Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir, saying 'this latest charade at Pakistan's behest' is yet another desperate attempt' by Islamabad to escape accountability for its role as the global epicentre of terrorism. 'The illegal Court of Arbitration, purportedly constituted under the Indus Waters Treaty 1960, albeit in brazen violation of it, has issued what it characterizes as a 'supplemental award' on its competence concerning the Kishenganga ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite repeated calls for relief. This marks the fourth price cut since March 2025, when commercial LPG saw a ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
NEW DELHI, 26 Jun: India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on 18 June to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs (MEA) on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said that New Delhi is "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not." On 24 June, while India remained "deeply concerned ab ...Read More >
New Delhi: India on Friday "categorically rejected" a "supplemental award" issued by the World Bank-appointed Court of Arbitration regarding its competence to hear disputes related to the Kishenganga and Ratle hydropower projects in Jammu and Kashmir. These projects are at the center of a long-standing disagreement between India and Pakistan under the Indus Waters Treaty (IWT) of 1960, which India placed in abeyance two months ago following the Pahalgam terror attack. In a strongly worded statement, the Ministry of External Affairs (MEA) said: "Today, the illegal Court of Arbitration, purport ...Read More >
New Delhi [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...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 >
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 >
Mumbai, June 8 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Sunday debunked all allegations made by Congress leader Rahul Gandhi about rigging and match-fixing in the 2024 Maharashtra Assembly elections. In his articles titled 'Those Rejected by the People Deny the Mandate', published in the same three newspapers where Gandhi's write-ups appeared, CM Fadnavis advised the Congress MP to "accept defeat, introspect on where you went wrong, why your connect with the people is lacking, and what needs to be done." He taunted Gandhi, saying that the latter was preparing excuses for "defeats ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs clarified India's position on importing crude oil from Iran on thursday, stating that energy purchases are based on 'market factors and the prevailing global situation.' 'Our energy requirements, or the energy purchases we make, are based on market factors and the prevailing global situation,' MEA spokesperson Randhir Jaiswal said in THEIR weekly briefing. Further, the Ministry also expressed deep concerns about the situation in West Asia, including the Israeli attacks on nuclear scientists and certain universities in Iran. ...Read More >
New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10 grams in the previous market session. "Gold prices continue to cor ...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 >