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.
India flags human cost of Gulf crisis: Foreign Secretary Vikram Misri says India is the only country to have lost mariners in attacks in the Strait of Hormuz, urging diplomacy and safe shipping amid West Asia tensions. Foreign Secretary Vikram Misri on Thursday highlighted a worrying reality as tensions rise in West Asia. Speaking at a meeting on the Gulf, he pointed out that India is the only country to have lost mariners in attacks in the Strait of Hormuz, a reminder of the human cost of the crisis and the urgent need to keep shipping lanes safe. Misri represented India on Thursday at a meeting hosted by the United Kingdom to discuss reopening and securing the Strait of Hormuz, one of the world's most important energy routes. Over 60 countries attended the meeting, which focused on diplomatic and political solutions, rather than military action, to ensure freedom of navigation. India raises alarm over Gulf maritime attacks The statement comes after three Indian seafarers were killed in recent attacks on merchant ships in the Gulf. Misri stressed that the human cost of these incidents is a serious concern for India. India has been engaging with Iran and other countries to ensure the safety of shipping lanes. Misri emphasised the need for freedom of navigation and safe passage for international trade, especially in critical waterways like the Strait of Hormuz, something all countries should be careful about. The conflict in West Asia began over a month ago with US-Israeli strikes on Iran, which killed Iran's Supreme Leader Ayatollah Ali Khamenei on February 28. In retaliation, Iran targeted Israeli and US assets, disrupting shipping lanes and global energy markets. Energy security at stake Misri also pointed out the crisis's effect on India's energy security, saying it could hurt the country's access to fuel. With global oil and gas supplies disrupted due to Iran's partial blockade of the Strait, India has been actively engaging with countries in the region to ensure safe and smooth passage for its ships carrying LPG, LNG, and other products. MEA spokesperson Randhir Jaiswal said India continues to press for safe and free navigation through the Strait of Hormuz. India has maintained direct talks with Iran, so far, six India-flagged vessels have been allowed to transit safely. Call for diplomacy Finally, the Foreign Secretary said the solution lies in de-escalation. He urged all parties involved to return to dialogue and diplomacy to resolve the tensions peacefully. The meeting was chaired by UK Foreign Minister Yvette Cooper, with representatives from France, Germany, Italy, Canada, and the UAE. The USA did not participate. Misri joined the deliberations virtually and reiterated India's stance on maritime safety and free commercial shipping, in line with international law.
New Delhi: There is a lot of activity happening in the Middle East/West Asia right now. Israel is keeping an eye on the ongoing negotiations between Iran and the United States regarding the nuclear deal. Israel has assured the United States that it will not attack Iran's nuclear sites unless the nuclear talks between the U.S. and Iran completely fail. This information has emerged from the U.S. news website 'Axios.' According to reports, citing two Israeli officials, Israel provided this assurance during a meeting that took place last week in Washington, which included Israel's Minister of Str ...Read More >
Mark Carney declined to answer if he believed Indian PM had a role in murder of Sikh activist Hardeep Singh Nijjar Canada's prime minister Mark Carney has defended his decision to invite India's prime minister Narendra Modi to the upcoming G7 summit in Alberta, despite Canada's federal police's conclusion that the murder of a prominent Sikh activist in British Columbia was orchestrated by the "highest levels" of the Indian government. Carney declined to answer reporters' questions over whether ...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 [India], June 28 (ANI): External Affairs Minister S Jaishankar held a telephonic conversation with Iran's Foreign Minister Seyed Abbas Araghchi and thanked him for facilitating the safe evacuation of Indian nationals. The Iranian Minister shared his country's perspective and thinking in the current complex situation. Also Read | 'I Thought He Was Dreaming': US Teen Hallucinates and Walks Off 120-Foot Cliff on Mount Whitney, Now in Coma; Father Recounts Harrowing Ordeal. https://x.com/drsjaishankar/status/1938544594905645398?s=46 In a post on X, Jaishankar wrote, "Spoke to FM @ara ...Read More >
New Delhi [India], June 29 (ANI): External Affairs Minister S Jaishankar on Sunday extended 'warm greetings' to Seychelles governement on their National Day. https://x.com/DrSJaishankar/status/1939204223058747878 'Warm greetings to FM Sylvestre Radegonde, the Government and the people of the Republic of Seychelles on their National Day. Committed to further deepen our longstanding partnership, driven by Vision MAHASAGAR,' Jaishankar wrote on X. https://x.com/DrSJaishankar/status/1938496431872200917 On Friday, Jaishankar extended greetings to Djibouti FM Abdoulkader Houssein Omar on the 48t ...Read More >
New Delhi: Despite the attacks by America and Israel, Iran's nuclear programme has not been completely destroyed. This big revelation has been made by Rafael Grossi, the head of the United Nations nuclear monitoring agency IAEA. He says that Iran can resume uranium enrichment in a few months, that is, it is very close to making a nuclear bomb. He claims that Iran's technical and industrial capabilities are still intact. This statement directly challenges the claim of US President Donald Trump, in which he said that America had "completely destroyed" Iran's nuclear bases and "pushed the countr ...Read More >
xternal Affairs Minister (EAM), S. Jaishankar, on Monday, met with the Foreign Minister of Ukraine and discussed the conflict with Russia at the sidelines of the MED Mediterranean Dialogues Conference in Rome, Italy. Apart from Ukraine, EAM Jaishankar met with his counterparts from France, Lebanon, and Croatia as well. On his meeting with the Ukrainian Foreign Minister Andrii Sybiha, the EAM reiterated India's support for "dialogue and diplomacy" to end the long-running conflict. "Good to meet FM of Ukraine @andrii_sybihain Rome today. Useful exchange on advancing our bilateral cooperation. ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Prime Minister Narendra Modi will undertake a five-nation visit starting July 2, visiting Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia, the Ministry of External Affairs (MEA) announced on Friday. In the first leg of his visit, PM Modi will visit Ghana (July 2-3) which will be Prime Minister's first ever bilateral visit to Ghana. This Prime Ministerial visit from India to Ghana is taking place after three decades. During the visit, Prime Minister will hold talks with the President of Ghana to review the strong bilateral partnership and discuss ...Read More >
CHENNAI: The recently concluded Shanghai Cooperation Organisation (SCO) summit in China has brought to the fore the contradictions and dilemmas of India's foreign policy. They relate to the growing affinity between China and Pakistan, which could upset the delicate balance of power in South Asia and India's balancing act with regard to the conflict between Israel and Iran. Whatever the political rhetoric of new regimes, continuity in foreign policy is almost unchangeable, while there will be room for making some changes or shifts. India, under successive NDA governments, has been making some ...Read More >
NEW DELHI: India is vigilant of developments in its neighbourhood that "have a bearing" on its "interest and security", the external affairs ministry said of a recent trilateral meeting between Pakistan, Bangladesh and China, adding that it factors in the "evolving context" in its bilateral relations with these countries. According to The Wire, during a trilateral meeting in Kunming, China, on June 19 involving Chinese vice foreign minister Sun Weidong, Bangladesh's acting foreign secretary Ruhul Siddique and Pakistan's additional foreign secretary Imran Siddiqui, the three sides agreed to ex ...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, June 6 (SocialNews.XYZ) External Affairs Minister (EAM) S. Jaishankar on Friday welcomed the Foreign Ministers of Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan in New Delhi for the 4th India-Central Asia Dialogue, as India continues to put a strong foot forward in enhancing anti-terror and de-radicalisation partnerships across the region. "4th India-Central Asia Dialogue begins in Delhi. EAM S Jaishankar warmly welcomed Deputy Prime Minister and Foreign Minister of Kazakhstan Murat Nurtleu, Foreign Minister Sirojiddin Muhriddin of Tajikistan, Deputy Chairman of C ...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 >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
New Delhi, Jun 26 (PTI) India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on June 18 to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said, New Delhi was "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not". On June 24, while India remained "deeply concerned about ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs (MEA) on Thursday said that it is keeping a constant watch on developments in India's neighbourhood, especially in light of the recent trilateral meeting involving China, Pakistan, and Bangladesh. Speaking at a press briefing, MEA Spokesperson Randhir Jaiswal said, 'We maintain a constant watch on the developments in our neighbourhood that have a bearing on our interests and our security, our relations with individual countries, while they stand on their own footing, take into account the evolving context as well.' The meetin ...Read More >
India's Foreign Minister S. Jaishankar spoke with Iranian counterpart Seyed Abbas Araghchi about the Iran-Israel conflict post 12-day hostilities. India praised Iran's help in evacuating Indians. Following a US-mediated ceasefire, India is closely monitoring radiation at Iranian nuclear sites and urges diplomatic dialogue for peace. India's External Affairs Minister S. Jaishankar held talks with Iranian Foreign Minister Seyed Abbas Araghchi, addressing the recent hostility between Iran and Israel. Jaishankar expressed gratitude for Iran's assistance in the evacuation of Indian nationals amid ...Read More >
New Delhi [India], June 28 (ANI): India has rejected 'supplemental award' by the 'illegal Court of Arbitration' concerning the Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir, saying 'this latest charade at Pakistan's behest' is yet another desperate attempt' by Islamabad to escape accountability for its role as the global epicentre of terrorism. 'The illegal Court of Arbitration, purportedly constituted under the Indus Waters Treaty 1960, albeit in brazen violation of it, has issued what it characterizes as a 'supplemental award' on its competence concerning the Kishenganga ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
NEW DELHI, 26 Jun: India has evacuated over 3,400 Indian nationals from Iran so far in 14 flights under Operation Sindhu launched on 18 June to bring home its citizens amid the ongoing Iran-Israel conflict, according to data shared by the Ministry of External Affairs (MEA) on Thursday. At his weekly media briefing, MEA spokesperson Randhir Jaiswal, in response to queries on Operation Sindhu, also said that New Delhi is "assessing the situation on ground" and depending on that a decision would be taken whether to "continue with it or not." On 24 June, while India remained "deeply concerned ab ...Read More >
New Delhi: India on Friday "categorically rejected" a "supplemental award" issued by the World Bank-appointed Court of Arbitration regarding its competence to hear disputes related to the Kishenganga and Ratle hydropower projects in Jammu and Kashmir. These projects are at the center of a long-standing disagreement between India and Pakistan under the Indus Waters Treaty (IWT) of 1960, which India placed in abeyance two months ago following the Pahalgam terror attack. In a strongly worded statement, the Ministry of External Affairs (MEA) said: "Today, the illegal Court of Arbitration, purport ...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 >
Beijing: China has expressed its willingness to engage in dialogue with the United States following recent threats by former President Donald Trump to impose new tariffs on Chinese goods. The statement comes amid growing tensions between the two economic giants over trade practices, technology policies, and geopolitical issues. Chinese Foreign Ministry spokesperson, Wang Wenbin, said that China was open to "constructive dialogue" with the U.S., emphasizing the importance of cooperation to ensure global economic stability. "China believes that both countries should seek common ground and manag ...Read More >
New Delhi [India], December 18 (ANI): Chinese Ambassador to India, Xu Feihong on Wednesday said that China is ready to work with India and put into action the understandings between Indian and Chinese leaders. The comments come ahead of the 23rd meeting of the Special Representatives between National Security Advisor Ajit Doval and China Foreign Minister Wang Yi in Beijing. In a post on X, Ambassador Xu Feihong, "China is ready to work with India to implement the important common understandings between the leaders of China and India, respect each other's core interests and major concerns, str ...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 >
Pakistan's former Foreign Minister and Chairman of the Pakistan People's Party (PPP), Bilawal Bhutto Zardari, recently faced public embarrassment at a United Nations press briefing after he was fact-checked by a reporter for making unsubstantial claims that Muslims were being 'demonised' in India. Bilawal Bhutto, part of Islamabad's diplomatic team at the UN, made the remarks during a press conference to clarify Pakistan's stance on Kashmir. Pahalgam attack was politicised to demonise Indian Mus ...Read More >
Bengaluru, June 6 (SocialNews.XYZ) BJP MP Tejasvi Surya slammed Pakistan Foreign Minister Bilawal Bhutto Zardari and called his delegation at the UN Headquarters in New York, the "Devil reading the scriptures". The office of Tejasvi Surya has released a statement in this regard on Friday. Addressing a press conference at the National Media Centre in Washington, DC, Surya strongly condemned Bhutto for playing the victim card again before an important forum like the United Nations. Bhutto said, "Dialogue and diplomacy are the only viable path to peace. Pakistan has appealed to the internation ...Read More >