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: Dining out is set to become more expensive as the hospitality sector plans to increase menu prices amid rising input costs triggered by global geopolitical tensions and a sharp surge in fuel prices. Rising costs squeeze hospitality margins Industry stakeholders said that escalating costs of commercial LPG, coupled with operational challenges, have significantly strained margins, leaving restaurants and hotels with little option but to pass on part of the burden to customers. "Since the conflict began last month, the hospitality sector has seen a sharp rise in operating costs driven by on-and-off closures, limited operating hours, menu rejigging, and shift to alternative cooking methods. Alongside, business volumes have dropped, severely straining overall viability. Cumulatively, these factors have pushed operating costs up by roughly 20 per cent. The latest hike in commercial LPG cylinder prices has added yet another layer of pressure on already squeezed margins. Given this scenario, hospitality establishments may now be left with little choice but to consider an upward revision in menu prices to partially absorb the escalating cost burden," says Mr Pradeep Shetty, Spokesperson, Hotel and Restaurant Association (Western India) - HRAWI. Industry flags impact of fuel and gas price surge Echoing similar concerns, Paramjit Singh Ghai, Joint Secretary of the Federation of Hotel & Restaurant Associations of India (FHRIA) and Treasurer of HRAWI, said the sharp increase in commercial gas prices is worsening the situation. "Commercial gas prices have increased significantly. Besides, oil crisis impact all sector and this has made the business environment quite gloomy," he said. He added that the hospitality industry is among the first to feel the impact of such global disruptions. "Hotels and restaurants are highly sensitive to cost fluctuations, and the cascading impact of rising fuel and input costs is already being felt across operations. If the war situation continues, it could have a broader impact on the economy," Ghai said. "In order to absorb some of these rising costs, the industry may be compelled to increase menu prices by around 20 per cent," he added. Industry seeks relief from Maharashtra government Amid the ongoing crisis, the Hotel and Restaurant Association (Western India) (HRAWI) has urged the Maharashtra government to provide relief to the sector. The association has written to Deputy Chief Minister and State Excise Minister Sunetra Ajit Pawar, seeking a one-month extension for payment of the annual licence fee -- from March 31 to April 30 -- citing disruptions caused by the LPG shortage. Alternatively, HRAWI has proposed a staggered payment mechanism, allowing the annual licence fee to be paid in four quarterly instalments ending December 31, to ease the financial burden on hospitality businesses. The LPG shortage has already resulted in significant business losses, estimated at 25-30 per cent across the country. Industry players said the crisis has led to reduced service hours, limited menus, cancellation or postponement of events, lower guest capacity, and declining hotel occupancy. At the same time, operating costs have increased as establishments attempt to manage constrained supplies and shift to alternative arrangements.
Mumbai (Maharashtra) [India], December 4 (ANI): BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the Mahayuti government. BJP's Central Observers for the state, Union Minister Nirmala Sitharaman and Vijay Rupani were also present at the meet. Also Read | Stock Market Today: Indian Stock Market Ends in Green, All Eyes on RBI's MPC Decision on Repo Rate. Fadnavis is scheduled to take oath as the Chief Minister on December 5 after being unanimously chosen as Leader of Maharashtra BJP Legislati ...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 >
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 >
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, Jun 27 (PTI) The higher oil prices triggered by a brief Israel-Iran war have come down, but it is too soon to sound the "all clear" for the rest of the year, said a finance ministry report on Friday. The ministry's monthly economic review also stressed that with no major imbalances in the macro aggregates, a subdued inflation rate combined with a growth-supportive monetary policy stance, India's macroeconomic health is in a relative goldilocks situation. Also Read | UK F-35B Lightning II Stealth Fighter Jet To Be Moved to Thiruvananthapuram Airport's Repair Facility As It Awaits R ...Read More >
Pune: Amid the call for a joint protest march by the Thackeray cousins on July 5 against the state govt over the alleged "imposition" of the Hindi language from Class 1, Mahayuti partner, deputy CM and NCP chief Ajit Pawar on Saturday said that he is also not in favour of making Hindi compulsory from Class 1.Shiv Sena (UBT) and MNS workers have started a campaign to gather crowds for the rally. Along with social media posts, the parties are also putting up posters of the march, and in one of the ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
Mumbai: Two days ahead of the Maharashtra government formation, top sources have said that Eknath Shinde's Shiv Sena is likely to be allotted eight portfolios including the Urban Development Ministry. Sources also said that Ajit Pawar's NCP will retain the Finance Ministry. Sources have further said that there is no dispute between Shiv Sena and the BJP over the Chief Minister's which is yet to be revealed by the Mahayuti alliance. Meanwhile, reports are doing the rounds that Sena wants swearing in of its ministers on December 5 itself, along with oath taking of Chief Minister and Deputy Chie ...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: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said.Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India, and Paramesu Biotech, they added.Additionally, Credila, SK Finance, Veritas Finance, Paras Healthc ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Nagpur: The Maharashtra Navnirman Sena (MNS) has welcomed the state govt's decision to withdraw the controversial government resolutions (GRs) mandating Hindi as a compulsory third language from Class I. The party has called it a victory for Marathi pride and a direct result of party chief Raj Thackeray's steadfast opposition.Nagpur-based Sharad Bhandarkar, state general secretary of MNS Shikshak Shikshattar Sena (teaching and non-teaching staff association), said the move reflects the party's lo ...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 >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...Read More >
Maharashtra NCP (Sharadchandra Pawar) president Jayant Patil clarified that talk about both the factions coming together was "only in the air", and there has been no discussion on a possible reunion Rival factions of the Nationalist Congress Party (NCP) will hold separate Foundation Day gatherings in Pune on June 10 in the backdrop of a growing buzz over a reunion, though both sides insisted there was no such proposal on the table despite frequent meetings between their top leaders. Maharashtra NCP (Sharadchandra Pawar) president Jayant Patil clarified that talk about both the factions comin ...Read More >
MNS chief Raj Thackeray has called for a significant protest march on July 5 at Girgaon Chowpatty in Mumbai against the "imposition of Hindi." Thackeray emphasized that the march will showcase Marathi unity, cultural pride, and will exclude political flags, focusing solely on the Marathi agenda. The protest comes amid debates over making Hindi compulsory in Maharashtra schools.Maharashtra Navnirman Sena (MNS) chief Raj Thackeray has called for a large-scale protest march on July 5 at Girgaon Chow ...Read More >
Under the Ladki Bahin scheme, eligible women receive monthly financial assistance of Rs 1,500. The Mahayuti alliance of the BJP, Shinde-led Shiv Sena and Ajit Pawar's NCP swept last year's assembly polls, winning 230 of the state's 288 seats. BJP's Devendra Fadnavis, who was Shinde's deputy earlier, became the CM. "Wherever one goes in Maharashtra, whenever there is a discussion about the CM, only one face comes to mind, and that is Eknath Shinde. He has left such an impression," she said. Kay ...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 >
Mumbai, Dec 17 (PTI) Senior NCP leader Chhagan Bhujbal on Tuesday launched a veiled attack on party president Ajit Pawar over his exclusion from the new council of ministers, claiming Maharashtra Chief Minister Devendra Fadnavis was in favour of his induction in the cabinet. He said Ajit Pawar, the NCP president, makes decisions for the party like Fadnavis for the BJP and Eknath Shinde for the Shiv Sena. Amid speculation over his "Jahan nahi chaina, wahan nahi rehna" remark a day before, Bhujbal said he would speak on Wednesday after discussing with NCP workers and people from the Yeola cons ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis, who inaugurated the final stretch of the Mumbai-Nagpur Samruddhi Expressway on Thursday, swapped the driver's seat with his deputy Eknath Shinde during the inspection of the route - much like their political role reversal last year. In order to inspect the project, Shinde drove an Audi car from Igatpuri in Nashik district for a few kilometers accompanied by Fadnavis and deputy Ajit Pawar, while on their return journey, the trio travelled together with CM taking over the steering of high-end Lexus car. In the last phase of the ...Read More >
New Delhi, Jun 27 (PTI) The higher oil prices triggered by a brief Israel-Iran war have come down, but it is too soon to sound the "all clear" for the rest of the year, said a finance ministry report on Friday. The ministry's monthly economic review also stressed that with no major imbalances in the macro aggregates, a subdued inflation rate combined with a growth-supportive monetary policy stance, India's macroeconomic health is in a relative goldilocks situation. The brief Israel-Iran war, followed by the US intervention, pushed the price of crude oil sharply higher, it noted. "Its persis ...Read More >
Mumbai, June 28 (SocialNews.XYZ) Raging controversy over the introduction of Hindi in Marathi and English schools from classes 1 to 5, the protests against the land acquisition for the Rs 86,300 crore Shaktipeeth Mahamarg, tabling of Public Security Act following the scrutiny of the joint select committee, damage caused to agriculture due to unseasonal rains and demand for from loan waiver are among the several issues which are going to be discussed during the three week monsoon session of Maharashtra Legislature starting from June 30 in Mumbai. Chief Minister Devendra Fadnavis said that the ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Mumbai: Mumbai is set to witness a triumphant celebration on July 5, as the Shiv Sena UBT led by Uddhav Thackeray has announced a 'Marathi Vijay Melava' (Victory Rally), following the Maharashtra government's rollback of both government resolutions (GRs) mandating Hindi as a compulsory third language from Class 1 under the three-language formula. In a post on X on Tuesday, Sena UBT MP Sanjay Raut shared an image saying, "It's settled. July 5 - A Victory Rally for Marathi! Thackeray is coming..." He captioned the post, "Jai Maharashtra." It is speculated that the rally is a joint celebration e ...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 >
In the Indo-Pacific region, if one development would prove to be a landmark event in the region's modern history, it would be the signing of the Treaty of Comprehensive Partnership between North Korea and Russia in June 2024. The partnership has paved the way for strengthening bilateral ties between Moscow and Pyongyang and marked the onset of the global order transition, which was already underway. The institutionalization of the U.S., South Korea, and Japan's trilateral security cooperation has also given Russia and North Korea another strategic reason to collaborate. Therefore, with the geo ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...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 >
Nagpur (Maharashtra) [India], December 15 (ANI): Ahead of the cabinet expansion, Maharashtra Chief Minister Devendra Fadnavis on Sunday held a road show in Nagpur. He was accompanied by his wife Amruta Fadnavis and state Bharatiya Janata Party (BJP) chief Chandrashekhar Bawankule. "Nagpur city is my family and my family is welcoming me," Fadnavis said during the roadshow. Maharashtra Deputy CM and Nationalist Congress Party (NCP) chief Ajit Pawar also arrived in Nagpur ahead of the first cabinet meeting and expansion of the BJP-led State government Meanwhile, Shiv Sena MLA Bharatshet Gogawa ...Read More >