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: The Indian Navy will formally induct and unveil the name of the ancient stitched ship, a recreation of a fifth century ship inspired by a painting from the Ajanta Caves, on Wednesday at Naval Base in Karwar. Union Minister of Culture, Gajendra Singh Shekhawat, will preside over the ceremony. The project was initiated through a tripartite agreement signed in July 2023 between the Ministry of Culture, the Indian Navy and Hodi Innovations, with funding from the Ministry of Culture. The keel laying ceremony of the ship took place on September 10, 2023 and it was launched in February this year at Hodi Shipyard in Goa. After induction, Navy will sail this vessel along traditional maritime trade routes, reviving the spirit of ancient Indian seafaring. Preparations for the vessel's maiden transoceanic voyage from Gujarat to Oman are already underway. Artisans from Kerala, led by master shipwright Shri Babu Sankaran, built this ship using traditional methods and raw materials. It is equipped with square sails and steering oars, unlike modern-day ships. The Indian Navy has overseen the entire project, including concept development, design, technical validation and construction in collaboration with Hodi Innovations and traditional artisans. The design and construction posed unique technical challenges. As there were no surviving blueprints or physical remnants, the design had to be extrapolated from a two-dimensional artistic iconography. It demanded a unique interdisciplinary approach, combining archaeological interpretation, Naval architecture, hydrodynamic testing and traditional craftsmanship. The hull geometry, rigging and sails had to be reimagined and tested from first principles. The Navy collaborated with the Department of Ocean Engineering, IIT Madras, to conduct model testing to validate the vessel's hydrodynamic behaviour at sea. Also, Navy undertook an in-house structural analysis to assess the wooden mast system, designed and constructed without the use of contemporary materials. The combination of a stitched hull, square sails, wooden spars and traditional steering mechanisms makes the vessel unlike any ship currently in Naval service anywhere across the world. The successful completion of the construction of the ancient stitched ship represents the completion of the first and most formidable phase, bringing to life, from an artistic depiction, a fully functional sea-going vessel. The completion of the stitched ship construction not only reaffirms India's rich shipbuilding legacy but also reflects the Indian Navy's commitment to preserving and operationalising the living traditions of India's Maritime Heritage.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...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 >
RAJAMAHENDRAVARAM : Union Minister for Tourism Gajendra Singh Shekhawat on Thursday inaugurated the newly constructed Science Centre at Bommuru, developed at a cost of '15.20 crore. He said the centre would play a vital role in promoting scientific literacy and curiosity through interactive exhibits, educational programmes, and engaging activities. The Minister said science centres and museums are instrumental in developing scientific aptitude, research thinking, and creativity among students. He noted that the Rajamahendravaram centre elevates the city -- already known as AP's cultural capit ...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 >
Sambalpur (Odisha) [India], June 28 (ANI): Union Education Minister and Sambalpur MP Dharmendra Pradhan on Saturday participated in a mass plantation drive under the 'Ek Ped Maa Ke Naam' initiative. While speaking to ANI, Pradhan stated that the plantation of trees under this initiative increased hope for nature, fulfilled the Sustainable Development Goals (SDGs), and was also a significant step towards making India a net-zero country by 2070. Also Read | West Bengal: Woman Accuses Padma Shri Awardee Kartik Maharaj of Rape and Forced Abortion, Monk Dismisses Allegations As Conspiracy. He fu ...Read More >
HYDERABAD: Defence Minister Rajnath Singh on Friday reiterated that the Union government was committed to eliminating Maoism in the country. Speaking at the 128th birth anniversary celebrations of freedom fighter Alluri Sitarama Raju at Shilpakala Vedika here, he said: "The country will soon be free of this Maoist menace." The defence minister called for efforts to boost connectivity and security in remote regions as part of a broader national development strategy. The ceremony was attended by Governor Jishnu Dev Verma, Union ministers Gajendra Singh Shekhawat and G Kishan Reddy, and other ...Read More >
Patna (Bihar) [India], July 6 (ANI): The ongoing Special Intensive Revision (SIR) campaign of the electoral rolls in Bihar is progressing rapidly and recognizing the efforts of the Polling station officials, the Chief Electoral Officer (CEO) of Bihar has announced a special incentive of Rs 6,000 for each. This additional honorarium is aimed at acknowledging their hard work and commitment during the intensive revision process. Also Read | PM Narendra Modi, Argentine President Javier Milei Agree to Diversify India-Argentina Trade Basket, Vows to Expand Cooperation in Defence, Security and Mine ...Read More >
Prayagraj (Uttar Pradesh) [India], February 7 (ANI): Bihar Governor Arif Mohammed Khan arrived at the Mahakumbh in Prayagraj on Friday and said that the 'Sanatana' culture embodies the oneness of being and that all the differences dissolve in it. Speaking to the media here, Arif Khan highlighted the Indian culture of seeing divinity in humanity, asserting that "manav" (humans) are a reflection of "Madhav" (God). Khan also noted that India's heritage, values, and ideals continue to be celebrated at the Mahakumbh, fostering unity among people beyond personal familiarity. "We should always not ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
Jodhpur: Former chief minister Ashok Gehlot launched a scathing attack on the BJP Thursday, accusing the party of undermining constitutional values through alleged horse trading and toppling state govts. Gehlot questioned BJP's legitimacy in celebrating Constitution Day while allegedly threatening democratic principles.Speaking on the third day of his stay in Jodhpur, Gehlot specifically named three Union cabinet ministers - Amit Shah, Dharmendra Pradhan and Gajendra Singh Shekhawat - claiming they were involved in unsuccessful attempts to overthrow his govt in Rajasthan."They (Union ministers ...Read More >
Puri (Odisha) [India], June 27 (ANI): The grand annual Rath Yatra of Lord Jagannath commenced in Odisha's Puri on Friday, as thousands of devotees began pulling the majestic chariots of Lord Jagannath, Lord Balabhadra, and Devi Subhadra from the Jagannath Temple to the Gundicha Temple, amidst chants, drumbeats, and spiritual fervour. Following the completion of key rituals, including the sacred 'Chhera Pahanra' (sweeping ceremony) performed by Gajapati Maharaja Dibyasingha Deb, the deities were ceremonially placed on their respective chariots -- Nandighosha, Taladhwaja, and Darpadalana. Also ...Read More >
Puri (Odisha) [India], June 27 (ANI): Some people experienced suffocation and reportedly fell unconscious due to high humidity during the Rath Yatra in Odisha's Puri on Friday, prompting an immediate medical response, officials said. According to officials, ambulances were rushed to the spot after some people complained of breathing difficulties and were reported unconscious due to the humidity. Those affected were quickly shifted to nearby hospitals and provided with necessary medical assistance. Speaking on the incident, Odisha Minister Mukesh Mahaling said, 'Due to high humidity, one or ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...Read More >
Ahmedabad, June 8: 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 approximately four times long ...Read More >
Jaipur, June 27 (SocialNews.XYZ) Union Culture and Tourism Minister Gajendra Singh Shekhawat, on Friday, launched a scathing attack on former Rajasthan Chief Minister and veteran Congress leader Ashok Gehlot, accusing him of trying to tarnish his image for political gains over the Sanjivani Credit Cooperative Society scam. Gehlot has brought back the emphasis on the Sanjivani scam and said that Union Minister Shekhawat should withdraw the defamation case filed against him and come forward for talks to ensure justice for the victims of the scam. He also claimed that if Union Minister Shekhawa ...Read More >
New Delhi, June 28: Prime Minister Narendra Modi will be the Chief Guest at the inaugural ceremony of the year-long commemoration marking the 100th birth anniversary of Acharya Shri Vidyanand Ji Maharaj. The event, organised by the Ministry of Culture in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust, will be held on Saturday at Vigyan Bhawan, New Delhi, beginning at 9 A.M. The Prime Minister is scheduled to formally inaugurate the centenary celebrations at around 11 A.M. and he will also address the gathering on the occasion. PM Narendra Modi To Begin 5-Nation Tour on July 2 To S ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
New Delhi, June 28 (SocialNews.XYZ) Prime Minister Narendra Modi on Saturday participated in the inaugural ceremony of the year-long centenary celebrations marking the 100th birth anniversary of Acharya Vidyanand Ji Maharaj, a revered Jain spiritual leader, philosopher and social reformer. The event, held at Vigyan Bhawan in New Delhi, was organised by the Ministry of Culture in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust. The tribute programme aims to commemorate the enduring legacy of Acharya Vidyanand Ji Maharaj, known for his profound contributions to the promotion of Jai ...Read More >
New Delhi [India], June 28 (ANI): Prime Minister Narendra Modi attended the centenary celebrations of the revered Jain spiritual leader Acharya Shri 108 Vidyanand Ji Maharaj at Vigyan Bhawan in the national capital on Saturday. The celebrations mark the formal commencement of a year-long national tribute to the spiritual leader, being organised by the Union Culture Ministry in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust, Delhi. Union Minister of Culture and Tourism Gajendra Singh Shekhawat and Rashtrasant Paramparacharya Shri 108 Pragyasagar Ji Muniraj also graced the occasio ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Pune, July 4 (SocialNews.XYZ) Union Home Minister Amit Shah on Friday said the responsibility of creating the India of Shivaji Maharaj's dreams rested with 140 crore Indians, and sometimes, there is a need to fight to protect our 'Swaraj'. He cited Operation Sindoor as an example of this. "When there was a need to fight for Swaraj, we fought. If there is a need to fight to preserve Swaraj, we will fight. Operation Sindoor is an example of this. But alongside Swaraj, the idea of a great India also encompasses the concept of Shivaji Maharaj," he stated in his speech after unveiling the statue o ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death and Severe Injuries; Check Details. The corporation will provide financial products -- including sho ...Read More >
HYDERABAD: Union Home Minister Amit Shah on Sunday ruled out any talks with Maoists and said the cadre of the proscribed outfit should give up arms, surrender before police, and join the mainstream. Addressing a rally after inaugurating the National Headquarters of the Turmeric Board in Nizamabad in Telangana, Shah also said Congress leader Rahul Gandhi, who is still raising questions on Operation Sindoor, should see the weak appearance of Pakistan to understand the effectiveness of the Operation. "Congress asks (the Centre) to hold discussions with these people (Maoists). Our government's p ...Read More >
New Delhi, Jul 1: The Indian Navy commissioned INS Tamal on July 1 at Yantar Shipyard in Kaliningrad, Russia. The stealth frigate, built under Project 1135.6, is the eighth in the series and second of the Tushil-class. It was inducted in the presence of senior Indian and Russian naval officials, including Vice Admiral Sanjay Jasjit Singh. INS Tamal is equipped with advanced Indian and Russian weapons systems, including the BrahMos missile and Humsa-NG sonar. With a crew of 276, the warship is designed for multi-dimensional blue-water operations and is set to join the Western Fleet. The ship ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some small measures, we have tried to be part of the startup ecosystem, the startup fund of funds, and var ...Read More >
Bhubaneswar: The Archaeological Survey of India (ASI) has declared Swapneswar Mahadev temple, built in 6th-century, as a protected monument site. The Shiva temple is located at Punjiama village in Banpur block of Khurda district. "In exercise of the powers conferred by...the Ancient Monuments and Archaeological Sites and Remains Act, 1958, the Central government hereby declares that the ancient monument specified...to be of national importance," read a Gazette notification issued by the ASI on July 2. Odisha Law Minister Prithiviraj Harichandan, who is looking after the Endowment Commission, ...Read More >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...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 >
Hyderabad (Telangana) [India] July 4 (ANI): Union Minister Rajnath Singh participated in the 128th birth anniversary celebration of Alluri Sitarama Raju. Also Read | PM Narendra Modi Conferred With 'The Order of the Republic of Trinidad & Tobago' During Ceremonial Event at President's House in Port of Spain (See Pics and Videos). The Defence Minister arrived in Hyderabad for the celebrations this afternoon, accompanied by Union Ministers Gajendra Singh Shekhawat and G. Kishan Reddy. Singh addressed a gathering and paid tribute to the great freedom fighter. "I bow in deep reverence to the gr ...Read More >
Hyderabad (Telangana) [India] July 4 (ANI): Union Minister Rajnath Singh participated in the 128th birth anniversary celebration of Alluri Sitarama Raju. The Defence Minister arrived in Hyderabad for the celebrations this afternoon, accompanied by Union Ministers Gajendra Singh Shekhawat and G. Kishan Reddy. Singh addressed a gathering and paid tribute to the great freedom fighter. 'I bow in deep reverence to the great warrior who dedicated every moment of his life to the nation. I truly believe that every human carries a flame of self-respect within, and Alluri Sitarama Raju was a living sy ...Read More >