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: INS Aridaman, India's indigenous nuclear-powered submarine, will be commissioned into the Indian Navy on Friday by defence minister Rajnath Singh, news agency ANI reported.Meanhile, Rajnath Singh in a post on X hinting at the launch of the submarine said, ""It is not just words, it is power, 'Aridaman'!""India's sea-based nuclear deterrent is set to get a major boost with the commissioning of its third indigenously built Arihant-class nuclear-powered ballistic missile submarine (SSBN), INS Aridhaman (S4), likely by April-May, defence sources said.Built under the Advanced Technology Vessel (ATV) project at the Ship Building Centre in Visakhapatnam, INS Aridhaman weighs 7,000 tonnes, making it larger than its predecessors INS Arihant and INS Arighaat (6,000 tonnes).The submarine carries eight vertical launch system (VLS) tubes, compared to four on earlier vessels, allowing it to deploy up to 24 K-15 Sagarika short-range missiles (750 km) and eight K-4 intermediate-range missiles (3,500 km). It can also accommodate K-5 missiles with a range of 6,000 km.INS Aridhaman is powered by an 83 MW Compact Light Water Reactor (CLWR), an upgraded pressurised water reactor with a very low acoustic signature. It features a seven-blade propeller, enabling speeds of 12-15 knots on the surface and 24 knots submerged. Advanced indigenous sonar systems USHUS and Panchendriya, along with anechoic tiles, improve stealth and detection capabilities.Once operational, India will have three SSBNs under the Strategic Forces Command, marking a key step towards achieving Continuous At-Sea Deterrence, which ensures at least one nuclear submarine is always on patrol. INS Aridhaman's enhanced missile payload and stealth will strengthen India's "second-strike" capability.The submarine will be stationed at Project Varsha, a high-security naval base with underground pens near Visakhapatnam. Meanwhile, India is also set to acquire the Russian Akula-class nuclear-powered attack submarine, Chakra III, expected by 2027-28, and is negotiating with Germany for six advanced diesel-electric submarines under Project-75(I).
A top NATO chief has urged business leaders to begin preparing for a 'wartime scenario' following rising tensions across the world. The warning comes as Germany announced it was drawing up a list of bunkers and other underground facilities that could provide shelter for civilians in the event of an attack. Speaking in Brussels yesterday, Dutch Admiral Rob Bauer (pictured) warned that NATO members needed to adjust their production and distribution lines in order to be less vulnerable to blackmail from countries such as Russia and China. The chair of NATO's military committee said: 'If we can m ...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 >
New Delhi, June 27 (UNI) Defence Minister Rajnath Singh held a bilateral meeting with his Chinese counterpart, Admiral Dong Jun, and stressed the importance of maintaining peace and tranquility along the India-China border, as well as resolving issues through a structured roadmap of permanent engagement and de-escalation. The meeting was held yesterday on the sidelines of Shanghai Cooperation Organisation (SCO) Defence Ministers' meeting in Qingdao, China, a Defence Ministry statement said here. Rajnath Singh acknowledged the work being undertaken by both sides to bring back semblance of nor ...Read More >
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. The awards were conferred to honour and recognise bravery, leadership, professional achievement and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...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 >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...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: A quiet splash. A dark current. And then, chaos. Concrete cracking. Steel shattering. Russia's mighty Crimean Bridge, once a symbol of unbreakable control, was torn. Not by fighter jets. Not by missiles. But by bombs, sleeping silently beneath the waves. On June 3 morning, Ukraine's security service SBU claimed responsibility for a jaw-dropping underwater strike on the Kerch Bridge, an important supply line between Russia and the occupied Crimean Peninsula. The attack, which reportedly used 1,100 kg of explosives, targeted the bridge's underwater pillars - crippling its foundation ...Read More >
Puri: Renowned international sand artist Manas Kumar Sahoo has created an impressive sand art display on the Golden Beach of Puri to commemorate Indian Navy Day. The artwork beautifully captures the essence of the Indian Navy and its significance, conveying the theme "The Crown Jewel." Spanning an impressive 20 feet in width and created using 10 tons of sand, this masterpiece took Sahoo a dedicated 7 hours to complete. Through his intricate artistry, he has depicted the story of the Indian Navy, showcasing its valor, dedication, and pivotal role in safeguarding the nation. The artwork stands ...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 >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
New Delhi [India], June 26 (ANI): The Directorate of Revenue Intelligence (DRI) seized 39 containers carrying 1,115 metric tonnes of Pakistani goods valued at approximately Rs 9 crore at the Nhava Sheva Port in Navi Mumbai, officials said. In an operation codenamed "Operation Deep Manifest", the illegal import of Pakistani-origin goods routed through third countries, primarily via Dubai, UAE, has been busted, the Ministry of Finance said in a statement Thursday. Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
The churning waters of the 21 Century maritime domain are no longer defined solely by steel-hulled might and firepower. Today, the true battleground lies in the unseen realms of algorithms, data streams and quantum states. The Indian Navy, a sentinel of the vast Indian Ocean Region (IOR), stands at the cusp of this technological revolution, leveraging artificial intelligence (AI) and quantum computing to secure its maritime sovereignty and amplify its geopolitical influence. India's journey into this brave new world is both a strategic necessity and an audacious leap. With China's growing nav ...Read More >
Srinagar, June 7: Jammu and Kashmir Lieutenant Governor Manoj Sinha, on Saturday, congratulated the University of Kashmir for getting an A++ grade in the NAAC inspection. The Lt Governor extended his heartiest congratulations to the Vice Chancellor, faculty, staff, and students of the University of Kashmir for attaining the prestigious A++ Grade by the National Assessment and Accreditation Council (NAAC), and securing an outstanding Cumulative Grade Point Average (CGPA) of 3.68 on a seven-point scale. Calling it a proud moment for J&K UT, the Lt Governor said, "The A++ Grade places the Un ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
NEW DELHI: India pushed for a permanent solution of border demarcation with China and underlined the need to solve complex issues through a structured roadmap of engagement and de-escalation, during talks between defence minister Rajnath Singh and his Chinese counterpart Admiral Dong Jun on Thursday. Singh "stressed on border management and to have a permanent solution of border demarcation by rejuvenating the established mechanism on the issue," the defence ministry said on Friday, a day after two ministers held talks at Qingdao in China on the sidelines of the Shanghai Cooperation Organisat ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...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 >
New Delhi [India], June 7 (ANI): Defence Minister Rajnath Singh on Saturday asserted that India has demonstrated a successful strategy to defeat terrorism, laying out five key positions on how the global community can uproot such activities, and assured retaliation against Pakistan-sponsored terrorism while showing zero tolerance against this menace. In an article titled 'We've shown how to defeat terror,' published in an English Daily, Singh reflects on India's response to the April 22 Pahalgam terror attack and India's subsequent response through Operation Sindoor, emphasising the nation's ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi [India], June 27 (ANI): After India refused to sign a joint declaration at the Shanghai Cooperation Organisation (SCO) Defence Ministers' meeting in China on Thursday, certain reports had claimed that the declaration had found a mention of the Balochistan crisis, but failed to mention the Pahalgam terror attack prompting India not to endorse the document. However, sources have clarified that these reports are completely incorrect. According to sources, the alphabet soup of the declaration document did not have either B (Balochistan) or P (Pahalgam) in its text. The document did not ...Read More >
Mumbai: Three warships and one submarine are likely to be commissioned in about a month, a top official of the Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships - INS Nilgiri, INS Surat, INS Tushil - and submarine INS Vagsheer are expected to be commissioned in a month. "We have got four vessels that are due for induction within the next one month," Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said. INS Surat is the fo ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...Read More >
New Delhi [India], December 12 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday met Union Home Minister Amit Shah at his residence in the National Capital and presented him with an idol of Vinayak Damodar Savarkar. "It was an absolute pleasure to meet and interact with Hon Union and Cooperation Minister Amitbhai Shah at his residence in New Delhi. Also presented him a 'murti' of SwatantryaVeer Vinayak Damodar Savarkar," the Chief Minister posted on X (formerly Twitter). Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
SCO conclave: India refuses to sign draft over Pahalgam terror attack ommision The SCO operates under the framework of consensus, and Singh's refusal to endorse the document resulted in the SCO defence ministers' conclave ending without a joint communique Defence Minister Rajnath Singh on Thursday refused to sign a joint communique of the Shanghai Cooperation Organisation (SCO) following the omission of the Pahalgam terror attack and not explicitly addressing India's concerns over Pakistan-backed cross-border terrorism. The SCO operates under the framework of consensus, and Singh's refusal t ...Read More >
New Delhi, Jan 17 (PTI) India's offensive and defensive responses need to be further strengthened in view of turmoil in the rules-based global order, Defence Minister Rajnath Singh said on Friday. In an address at an event, he also said that the Indian Navy is working towards increasing its presence in the Indian Ocean region. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. The Indian Ocean is witnessing increasing Chinese presence triggering concern among India's national security planners. India's economic prosperity is linked to m ...Read More >