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: Disruptions in the Strait of Hormuz have had a severe economic impact and are causing energy instability in the region, said admiral D K Tripathi, chief of naval staff, in Mumbai on Thursday. The strait, an international waterway between Iran and Oman, controls a large volume of global oil flow and is in focus due to the war in West Asia, which is well into its fifth week. Tripathi and Union minister of state for defence, Sanjay Seth, were in Mumbai to flag off the second edition of the Indian Ocean Ship Sagar initiative, where the INS Sunayna, an offshore patrol vessel, set sail from Mumbai to promote maritime cooperation. "Competition at sea is no longer confined to oil and energy. It is now expanding towards resources that will shape future growth - such as rare earth elements, critical minerals, new fishing grounds and even data," said the admiral. Also Read | Amid Iran war, Russia to send oil tanker to crisis-hit Cuba as island nation grapples with US blocking fuel supply Alongside these, threats such as piracy, armed robbery and narco-trafficking backed by unimpeded access of advanced technology to non-state actors, have also become more complex and challenging to counter, said the senior naval officer. The last year alone, he said, the Indian Ocean region witnessed a staggering 3,700 maritime incidents of varying nature. Additionally, narcotics seizures in the region exceeded USD1 billion in 2025, highlighting the persistence and spread of such challenges in the region. The admiral said the Ocean Ship Sagar initiative comes at a crucial juncture, when the global order is in a state of constant flux and friction. "In such a complex maritime environment, the coming together of 16 like-minded maritime nations for a shared purpose and collective commitment through IOS Sagar is rare and significant," he observed.
New Delhi, June 8 (SocialNews.XYZ) The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 crore of a prime accused linked to notorious Mexican cartel and owner of 95.501 kg of Amphetamine that was seized from Noida in October 2024, an official said on Sunday. "The office of Competent Authority and Administrator under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976) and Narcotic Drugs and Psychotropic Substances Act, 1985, has confirmed the orders of attachment issued by NCB (Operations branch)," said the official The NC ...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 >
Shimla: Himachal Pradesh govt is set to include a chapter on the ills of drug use in the school curriculum. The announcement was made by chief minister Sukhvinder Singh Sukhu on International Day against Drug Abuse and Illicit Trafficking Thursday. Presiding over a function here to mark the day, Sukhu urged every section of society to join the drive against drugs to make Himachal a drug-free state. He said, "The vision of a prosperous country can only be realised by channelling the energy of the youth in the right direction." Reiterating his govt's zero-tolerance policy towards the use and tra ...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 [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 >
Former Manipur CM N. Biren Singh stated that efforts are underway to establish a popular government in the state, currently under President's rule. He expressed optimism about forming a new government soon, emphasizing the BJP and its allies' desire for restoration of popular governance.Former Manipur chief minister N Biren Singh on Saturday said efforts are underway for setting up of a popular government in the state which is now under President's rule. Speaking at the sidelines of a programme at BJP state headquarters, Singh expressed hope that a new government will be formed in Manipur soo ...Read More >
Chennai, June 29 (UNI) Eight fishermen from Tamil Nadu were arrested by the Sri Lankan Navy while fishing in the high seas today, even as Chief Minister M K Stalin urged External Affairs Minister (EAM) Dr S Jaishankar to initiate proactive diplomatic steps to secure their release along with their boat. The eight fishermen, hailing from Rameswaram in Ramanathapuram district, were fishing in a mechanised boat near Katchatheevu, when they were arrested by the Sri Lankan Navy personnel. The Lankan Navy arrested them for fishing in their territorial waters after crossing the International Mariti ...Read More >
Srinagar: Continuing their efforts to combat the drug menace, the Jammu and Kashmir Police on Thursday seized two vehicles of peddlers in Srinagar city. A police statement said, "Continuing its efforts to eradicate the menace of drugs from the society, police in Srinagar have seized two vehicles acquired through proceeds of illegal narcotics trade. Srinagar Police have seized two vehicles, a Corolla bearing registration number DL4CNE 6086 and a BMW bearing registration number JK01AF-0047 in case FIR No. 36/2024 u/s 8/21 NDPS Act of Police Station Chanapora from the accused person namely Muda ...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 >
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, the government had approved a Rs 16,300-crore National Critical Mineral Mission, envisaging a total o ...Read More >
NEW DELHI (Reuters) - India and five central Asian countries have expressed interest in joint exploration of rare earths and critical minerals, they said in a joint statement on Friday after the fourth meeting of the India-Central Asia Dialogue, held in New Delhi. They also called upon relevant authorities for an early meeting of the India-Central Asia Rare Earth Forum. (Reporting by Shivam Patel, writing by Sakshi Dayal; Editing by Alex Richardson) ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi: The Ministry of External Affairs (MEA) said that India is in touch with China on several economic and trade issues, including the supply chain issue of rare earth materials. Addressing a weekly briefing on Thursday, Jaiswal said, "On trade issues on rare earth, yes, we have been in touch with the Chinese side, both in Delhi and also in Beijing, and we have been talking to them as to how we can streamline the supply chain issue on rare earths." "We are in touch with the Chinese side on several economic and trade issues, as and when anything is required," he added. Meanwhile, commerc ...Read More >
New Delhi [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. 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, which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devotion to Duty), and seventeen Vishisht Seva Medals. On being conferred with the Nausena Medal (Ga ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Srinagar- In a significant move to combat drug abuse, Police in Anantnag on Wednesday said to have attached property worth Rs 2 crores under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, reinforcing their ongoing efforts against drug peddling networks. "Police in Srigufwara, Anantnag seized a double-storied residential house along with one Kanal of land, valued at ₹2 crore, belonging to Mohammad Amin Malik son of Ghulam Rasool Malik, a resident of Kanalwan. Malik, a habitual offender, involved in a case under FIR number 113/2021 at Police Station Srigufwara, where a substantial q ...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 >
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and Narcotics Department, Champhai, for further legal proceedings. Also Read | Rahul Gandhi To Visit Sam ...Read More >
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and Narcotics Department, Champhai, for further legal proceedings. In a separate operation aimed at coun ...Read More >
New Delhi, June 8 The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 ... New Delhi, June 8 The Narcotics Control Bureau (NCB) is preparing to attach immovable properties worth Rs 9.20 crore of a prime accused linked to notorious Mexican cartel and owner of 95.501 kg of Amphetamine that was seized from Noida in October 2024, an official said on Sunday. "The office of Competent Authority and Administrator under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976) and Narcotic Drugs and Psychotropic Substances Act, 1985, h ...Read More >
Dozens of two-wheelers skidded on a Hyderabad road after an oil tanker leaking fuel passed from the area. The incident which occurred on Hyderabad's Kushaiguda-Nagaram road left several bikers injured. In a video, which went viral after the accident, men and women were seen sprawled on the road along with their fallen two-wheelers. While some of them are still on the road, others can be seen attempting to pick up their vehicles. "A road stretch between ECIL & Keesara has turned slick due to a diesel spill. Motorists are urged to drive carefully and consider alternate routes to avoid accident ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...Read More >
New Delhi: Delhi Police on Thursday destroyed over 1,629.4 kg of seized illicit drugs valued at Rs 3,274.5 crore in the international market. The destruction marked the culmination of the Nasha Mukt Bharat Pakhwada (Drug-Free India Fortnight), observed from June 12 to June 26.The destruction of the narcotics was done at the Biotic Waste Solutions in Jahangirpuri and was attended by the lieutenant governor and top brass of Delhi Police. The contraband included 961.9 kg of ganja, 542.9 kg of cocain ...Read More >
Chandigarh, Jun 27 (PTI) Former Punjab DGP Siddharth Chattopadhyaya on Friday met a team of the Vigilance Bureau which is probing the disproportionate assets case against Shiromani Akali Dal (SAD) leader Bikram Singh Majithia and said he shared his "experience and knowledge" with it regarding the drug case registered against the former minister in 2021. The Vigilance Bureau on June 25 arrested Majithia in a disproportionate assets case allegedly involving the laundering of Rs 540 crore of "drug money". Chattopadhyaya was appointed as the officiating DGP during the then Charanjit Singh Channi ...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 >
Srinagar, Dec 4 (PTI) Jammu and Kashmir Police on Wednesday attached properties worth more than Rs 3 crore belonging to two alleged drug peddlers in Srinagar, officials said. "Reinforcing the ongoing efforts against drug peddlers/smugglers, police in Srinagar has attached properties worth more than Rs 3 crore belonging to two drug peddlers under Section 68 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act," a police spokesman said. Giving details, he said the police attached a three-storey residential building belonging to Abdul Ahad Bhat at Banpora Batamaloo worth Rs 65 lakh. Bh ...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: Prime Minister Narendra Modi is packing for what could be the longest diplomatic journey of his decade-long premiership. Five countries. Eight days. Thousands of kilometres. A tour that promises more than handshakes and speeches, this is about placing India at the heart of the Global South's rising story. From the mineral-rich heartlands of Africa to the energy corridors of Latin America, Modi's route is carefully chosen. His first five-nation circuit in 2016 had the charm of high-level symbolism. This one feels strategic, calculated and heavier in ambition. Ghana PM Modi is land ...Read More >