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.
Puri: Shortage of cooking gas in Puri has started affecting the Puri's tourism sector, with restaurants reducing items on the menu and increasing food prices by 30% to 40%. The situation has lead to a 10% to 20% decline in tourist arrivals, particularly among middle-class and budget travellers.Several food items requiring higher gas consumption have been removed from menus. While tourists from financially stronger backgrounds remain largely unaffected, the number of visitors from middle and lower income groups has dropped noticeably. "If the supply situation does not improve soon, the impact on tourism and local businesses could become more serious," said hotel owners.Hotel association vice-president Rajkishore Patra said the hospitality sector faced severe difficulties during the initial days of supply disruption. Many hotels and restaurants have now shifted to alternative arrangements such as induction stoves, wood-fired ovens and kerosene stoves. He said large hotels were managing the situation comparatively better, but small eateries and roadside vendors were suffering losses.Ranjan Das, a hotel owner near the sea beach, said fear of food shortages in Puri has discouraged tourists from outside the state. He said hotel operators have been forced to increase food prices due to LPG scarcity. "Items that earlier cost Rs 100 are now priced around Rs 150, which is causing dissatisfaction among customers," he said.Due to LPG shortage many establishments are being forced to purchase domestic LPG cylinders from the black market at higher prices, which is affecting household supply across the district. Residents are reportedly receiving cylinders 10 to 15 days after booking.District chief supply officer Sanjeeb Kumar Sahu said authorities were responding promptly to complaints and issuing warnings to agencies found violating supply norms. He said priority was being given to domestic consumers and essential service providers. On Thursday, raids were carried out in Puri municipality, Sadar block, Brahmagiri block, Kanas block and Krushnaprasad block, during which 17 domestic LPG cylinders were seized. Earlier raids had led to the seizure of 56 cylinders. Officials said commercial LPG supply in the district currently stands at around 20%.Residents and business establishments in Puri who earlier showed little interest in piped gas connections are now increasingly opting for the facility amid the ongoing LPG shortage. GAIL Gas Limited has been authorised to supply piped natural gas (PNG) in Puri town.Earlier, only 18 commercial establishments had taken piped gas connections. However, more than 250 commercial units have now applied for the service following the supply disruption of LPG cylinders. Similarly, while the number of domestic PNG connections earlier stood at around 560, over 20 new applications have been received recently. Officials said the number of applications is increasing steadily each day as consumers look for more reliable cooking fuel options.
Mumbai : Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India today unveiled and launched its much-awaited all-new 3 Generation Honda Amaze. This marks the global debut of the new generation Amaze in India, a key market for Honda globally and the first country to launch the new model. The all-new Amaze will be available at an introductory price range of Rs 7,99,900 - Rs. 10,89,900 (ex-showroom, Delhi); valid till 45 days from launch. The stylish and premium compact sedan has been designed to offer an OUTCLASS and delightful sedan experience that meets the aspirations ...Read More >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
Bhubaneswar, Dec 18 (PTI) Ahead of BJD's 28th foundation day on December 26, its chief Naveen Patnaik on Wednesday urged members to remain dedicated to serving the people of Odisha, while the party announced a mass demonstration in Bhubaneswar on January 6 to highlight the price rise of essential commodities and other issues. Patnaik asked party supporters to "raise voice against the BJP government's 'anti-people' policies" and also highlight the impact of high inflation, which hits the poor and middle class. "The party leaders and workers need to create awareness among people on the state B ...Read More >
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh," the CMO's post said. The ...Read More >
BENGALURU, India, June 5, 2025 /PRNewswire/ -- Marriott India proudly achieved its ambitious goal for World Environment Day 2025, a commitment to plant 100,000 trees across its extensive portfolio of over 150 hotels nationwide. This significant undertaking marked a powerful escalation of Marriott India's dedication to sustainability and ecological restoration, building upon the success of its previous environmental initiatives. This landmark endeavor was built upon the successful foundation of last year's 'Two Trees per Room' initiative, launched on World Environment Day 2024. That program, a ...Read More >
Mumbai: The birth of three penguin chicks at Mumbai's Veermata Jijabai Bhosale Udyan and Zoo has sparked an unexpected row not over their care, but their names. BJP functionary Nitin Bankar from the Byculla Assembly constituency has objected to the chicks being given English names, insisting they be named in Marathi instead. The BMC is expected to respond by June 10, after which Bankar will decide his next move. Speaking to The Free Press Journal, Bankar said, "When penguins were brought from abroad, we accepted that their names would be in English. But these chicks were born on the soil of M ...Read More >
US, Spain, Thailand, China, Tokyo, Munich, and more will showcase Marriott International's trailblazing luxury experiences, offering transformative travel in 2025. At the International Luxury Travel Market (ILTM) in Cannes, Marriott International, Inc. has unveiled an exciting new phase of global expansion. The Luxury Group is introducing a range of innovative brand extensions, including luxury tented camps, remote lodges, and personalized experiences, all designed to elevate Marriott's position as a global leader in premium hospitality. With a portfolio that includes renowned names such as T ...Read More >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...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 >
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 >
Raipur/Hyderabad: Barely a fortnight after gunning down CPI(Maoist) general secretary Nambala Keshava Rao alias Basavaraju, security forces shot dead his long-time aide, central committee member Sudhakar alias Tentu Lakshmi Narasimha Chalam -- the banned outfit's ideological chief -- in a forest in Bastar's Bijapur district Thursday morning.Born into a middle class family in Andhra Pradesh's Eluru district, Sudhakar, 67, carried a collective bounty of Rs 85 lakh in Chhattisgarh, Telangana and AP. He is the third central committee member to be killed in Bastar this year after Jai Ram alias Chal ...Read More >
Mumbai: The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts. The Reserve Bank of India (RBI) has kept the repo rate (short-term lending rate) unchanged at 6.5 per cent since February 20 ...Read More >
New Delhi, May 19 (PTI) After a tepid start to 2025, the IPO market is getting back on track with six main-board companies, including Schloss Bangalore -- owner of luxury hotel chain The Leela, are set to float their initial share-sales this month to collectively mobilise over Rs 11,000 crore, investment banking sources said on Monday. Of the six firms, Borana Weaves and Belrise Industries will launch their IPOs this week. Borana Weaves will float its Rs 144-crore IPO on May 20, while Pune-based Belrise Industries' Rs 2,150-crore IPO will open on May 21. The remaining four companies -- Schl ...Read More >
Bagdogra (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday said improving connectivity remains one of the main achievements of his government, which has, over the past decade, ushered in a slew of rail and road projects, including in the Northeastern state of Sikkim. In his address delivered via videoconferencing at the Sikkim@50 event held at Gangtok's Palzor Stadium, the Prime Minister recalled a time when travel for education, healthcare, and employment was a major challenge for the region. However, he noted that the situation has changed significantly over the ...Read More >
Alipurduar, May 29 (UNI) Prime Minister Narendra Modi on Thursday laid the foundation of a Rs 1,010 crore City Gas Distribution Project in West Bengal's northern district of Alipurduar and said that the state's development is key to India's future. The project aims to supply Piped Natural Gas (PNG) to 2.5 lakh households, over 100 commercial establishments, and establish 19 CNG stations. "The City gas distribution project in Alipurduar is our commitment to strengthening the region's clean energy infrastructure," Modi said at the outset. "Bengal's development is key to India's future," Modi ...Read More >
On the occasion of World Environment Day, Delhi Minister of Development and Tourism Kapil Mishra visited Shri Krishna Gaushala in Sultanpur Dabas, Bawana, in the Northwest District. The minister, who was accompanied by Model Town MLA Ashok Goyal, environmentalists and gaushala caretakers, took part in a tree plantation drive at the cow shelter, one of the largest gaushalas in the Delhi-NCR region. During the visit, Mishra reviewed the arrangements at the cow shelter. He held extensive discussio ...Read More >
Srinagar: Railway stations across the Kashmir Valley have been beautifully decked out as preparations peak for Prime Minister Narendra Modi to flag off the inaugural Delhi-Srinagar Vande Bharat Express -- the first-ever train connecting the valley directly to the rest of India. This landmark train will depart from Delhi and travel through Katra, the gateway to the revered Mata Vaishno Devi shrine, before reaching Srinagar. The event marks the successful culmination of one of India's most ambitious infrastructure projects, featuring two engineering marvels: the world's highest railway bridge o ...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 >
Pakyong (Sikkim) [India], June 6 (ANI): As part of the ongoing evacuation efforts in response to the recent disaster in North Sikkim, the first helicopter sortie of the day took off early this morning from Pakyong Greenfield Airport towards Chaten to rescue stranded tourists, according to an official statement. The Mi-17 helicopters are carrying essential supplies for Army personnel stationed in and around the Chaten area. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 06, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The opera ...Read More >
Sunmei Hotels Group has announced the launch of Sunmei Group International (SGI) and three new overseas brands—SHANKEE, PENRO, and LANOU—marking its expansion into the UAE market. The company plans to introduce SHANKEE Hotels, a smart economy brand, to cities like Dubai, Abu Dhabi, and Riyadh. SGI focuses on smart marketing, modular renovations, and intelligent operations, leveraging big data and AI to enhance service and guest experiences. Chairman Ma Yingyao aims to open 100 hotels globally within the next decade, doubling revenue and establishing a strong international presence for Chinese ...Read More >
The Delhi BJP also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. In a recently-released video, the Delhi BJP has given a tour of the luxurious bungalow of AAP leader Arvind Kejriwal, where he lived while serving as the Chief Minister of the state. The party also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. Delhi BJP chief Virendra Sachdeva, who shared the video on X, called the Civil Lines bu ...Read More >
New Delhi: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...Read More >
Ramban (Jammu and Kashmir) [India], June 6 (ANI): Security forces conducted thorough inspections and heightened vigilance in Ramban, ahead of Prime Minister Narendra Modi's visit to Katra on Friday. Prime Minister Modi will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Security personnel conducted sweeping inspections, including dog squad deployments and comprehensive vehicle checks. Also Read | Chinnaswamy Stampede: Karnataka CM Siddaramaiah Suspends Bengaluru Police Commissioner B Dayananda, Orders ...Read More >
Udhampur (Jammu and Kashmir) [India], June 6 (ANI): Security has been heightened at the Udhampur Railway Station ahead of Prime Minister Narendra Modi's visit to Katra on Friday during wich he will inaugurate the Chenab Bridge, the world's highest railway bridge, and flag off the Vande Bharat Express train between Katra and Srinagar. Ahead of flagging off the Vande Bharat Express between Katra and Srinagar on June 6, marking the completion of the Katra-Sangaldan rail link project, Prime Minister Narendra Modi stated that key infrastructure projects worth Rs 46,000 crores, which are being inau ...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, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been bought by millers and traders at a price that cannot be less than the Minimum Support Price (MSP) paid b ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
Jammu: Prime Minister Narendra Modi on Friday described the completion of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) as a historic milestone and a symbol of national integration, as he flagged off the first Vande Bharat train between Katra and Srinagar. Speaking at a massive public gathering in Katra, Modi called the moment "a grand celebration of India's unity and willpower." "With the blessings of Mata Vaishno Devi, Kashmir has now been connected to India's vast railway network," he said. "For decades, the phrase 'Kashmir to Kanyakumari' has represented a dream of national unity -- ...Read More >
HONG KONG SAR - Media OutReach Newswire - 2 December 2024 - Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report from Altrata, the city is currently world's no. 2 with the highest number of billionaires. The city is expected to have 22.4% more ultra-high-net-wor ...Read More >