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: In a move aimed at strengthening India's maritime capabilities, the government said on Friday it has signed an agreement with the Korea International Cooperation Agency (KOICA) for a skill development project in the shipbuilding sector. The Ministry of Ports, Shipping and Waterways (MoPSW) said that the government signed a 'Plan of Implementation' with KOICA on April 2. The agreement is aligned with the Maritime Amrit Kaal Vision 2047 and seeks to position shipbuilding as a key driver of India's economic growth and global maritime presence, the ministry added. The project focuses on developing strategies and building a strong foundation of skilled professionals for India's shipbuilding and marine sectors. Under the collaboration, KOICA, along with the Korea Research Institute for Vocational Education and Training and other stakeholders, will undertake detailed research on India's shipbuilding and marine engineering industries.
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 >
Mumbai, Sep 2 (PTI) Shipbuilding and heavy fabrication firm Swan Defence and Heavy Industries Ltd (SDHI) on Tuesday said it has signed an initial pact with the Indian Maritime University for launching Centres of Excellence. The partnership will set up and develop these specialised centres, covering training, research and innovation in shipbuilding and naval architecture at the SDHI shipyard and Indian Maritime University (IMU) campuses to prepare the next generation of professionals for career opportunities across India's growing shipbuilding and heavy fabrication sectors, Swan Defence said. ...Read More >
Thiruvananthapuram, Sep 12 (PTI) Kerala Minister for Fisheries Saji Cherian on Friday said representatives from 29 European countries are expected to attend the two-day Blue Economy conclave, scheduled for September 18-19. The conclave, titled 'Blue Tides-Two Shores, One Vision', is being organised by the Kerala Fisheries Department in collaboration with the Government of India and the European Union (EU). Cherian said representatives from 17 European countries, including the EU Ambassador to India and Bhutan, Herve Delphin, have already confirmed their participation. "The event will bring ...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 >
Mumbai, Sep 12 (SocialNews.XYZ) The Maharashtra government on Friday signed a Memorandum of Understanding (MoU) with the US state of Iowa, paving the way for collaboration in agriculture, biotechnology, financial services, infrastructure, renewable energy, and technology. The MoU was signed in the presence of Chief Minister Devendra Fadnavis and Iowa Governor Kim Reynolds. CM Fadnavis announced that this partnership will create new opportunities for innovation and exchange between the two states. He further stated that the key areas of cooperation will comprise growth in investment and econom ...Read More >
Visakhapatnam: Seafood exports to the European Union have increased by 20 per cent -- and exporters are widening their markets to offset the higher US tariff impact on exports from India. EU-bound exports reached 215,080 metric tonnes worth Rs 9,430 crore (US$ 1,125.6 million), led by shrimp, cuttlefish and squid in frozen form. Significantly, the EU has listed 102 new Indian fishery establishments for export from this country to European member countries. "Following the 50 per cent hike by the ...Read More >
Thiruvananthapuram (Keralam) [India], March 31 (ANI): The Bharatiya Janata Party (BJP) in Kerala on Tuesday released its election manifesto outlining a detailed roadmap for the state's development, sector-specific economic growth, and welfare initiatives for women and poor families if voted to power in the upcoming assembly polls. The manifesto, unveiled by the party's national president Nitin Nabin and state party chief Rajeev Chandrasekhar, positions Kerala as a preferred global tourism destination while aiming to develop the state's cities as specialised economic hubs. Also Read | Goa Par ...Read More >
With this, APSEZ - which is India's largest integrated transport utility and among the nation's leading port developers and operators - also highlighted its goal of reaching 1 billion tonnes of cargo handling by 2030. Speaking on the milestone, Gautam Adani, chairman of Adani Group, said ports are "not merely gateways for trade, they are gateways to national confidence, competitiveness and destiny." In a statement, the firm said it was a "defining moment" which showcased India's "infrastructure- ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC with the Reserve Bank of India (RBI). As a sector-specific NBFC, the SMFCL is uniquely poised to br ...Read More >
KOCHI: Aiming to develop Kochi as a major hub of shipbuilding in the Indian Ocean region, the Cochin Shipyard Limited (CSL) inked a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding and Offshore Engineering Ltd (KSOE), a subsidiary of HD Hyundai, one of the largest shipbuilders in the world, on Friday. The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development, which includes joint exploration of ship building opportunities in India and abroad, sharing of technical expertise to scale up to the ...Read More >
NEW DELHI, July 7: Union Minister of Science & Technology, Dr. Jitendra Singh today called for a wider public understanding and inclusive participation in India's biotechnology mission, stating that every Indian is a stakeholder in the country's bioeconomy. Speaking here during the nationwide celebration of World Bioproduct Day - The BioE3 Way, the Minister reiterated the Government's commitment to realising a $300 billion bioeconomy by 2030. The event, organised by the Department of Biotechnology (DBT) and its agencies BIRAC and iBRIC+, marked a novel national experiment - 'Voices Across the ...Read More >
Garden Reach share price has rallied a staggering 113 percent since the start of the year. Shares of Garden Reach Shipbuilders & Engineers (GRSE) climbed percent as much as 5 percent to hit a fresh 52-week high of Rs 3,521 in morning deals on Thursday after the defence PSU announced fresh global collaborations aimed at expanding its presence beyond military platforms. In a regulatory filing, GRSE said it has entered into a memorandum of understanding (MoU) with Hamburg-based Carsten Rehder for ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
New Delhi [India], September 12 (ANI): India and Norway held their first-ever Maritime Security, Disarmament, and Non-Proliferation Dialogue on Friday in Oslo, the Ministry of External Affairs stated. The Indian delegation was led by Muanpuii Saiawi, Joint Secretary (Disarmament and International Security Affairs), Ministry of External Affairs, and the Norwegian delegation by Jon Elvedal Fredriksen, Director General, Department for Security Policy and the High North, Ministry of Foreign Affairs. Further, the ministry stated that the two sides conferred on ways to sustain a secure and safe ma ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
The manifesto, unveiled by the party's national president Nitin Nabin and state party chief Rajeev Chandrasekhar, positions Kerala as a preferred global tourism destination while aiming to develop the state's cities as specialised economic hubs. The party has promised to promote Thiruvananthapuram as an IT and innovation capital, Kochi as India's shipbuilding hub, Kozhikode as a centre for healthcare and medical innovation, Thrissur as a cultural tourism capital, Kollam as an internationally com ...Read More >
Visakhapatnam: The Visakhapatnam Port Authority has achieved a historic milestone by recording its highest-ever cargo throughput of 91.17 million metric tonnes in the financial year 2025-26. This represents a growth of over 10 per cent compared to the previous year. The achievement not only surpasses the prior record of 82.62mmt but also reinforces the port's position among India's leading ports, marking another significant milestone in its 92-year history, according to VPA chairperson, M Angamuthu. The port's success was celebrated at a stakeholders' meeting on April 2, where Angamuthu com ...Read More >
New Delhi [India], April 3 (ANI): The Ministry of Ports, Shipping and Waterways (MoPSW) has signed a Plan of Implementation with the Korea International Cooperation Agency (KOICA) to strengthen skill development in India's shipbuilding and marine sector, marking a significant step towards enhancing maritime capabilities. In an official statement on Friday, the Ministry of Ports, Shipping and Waterways stated that the agreement signed on Thursday aims to support the development of a skilled workforce and position shipbuilding as a key driver of India's economic growth under the Maritime Amrit ...Read More >
NEW DELHI: Union home minister Amit Shah on Thursday said that Hindi was a "friend to all Indian languages", adding that there should be "no opposition" to any foreign tongues. This comes as several political parties have criticised the Centre over three-language policy, accusing it of Hindi imposition."I sincerely believe that Hindi can't be opposed ('virodhi') to any Indian language. Hindi is a friend ('sakhi') of all Indian languages," Amit Shah said. Shah was addressing the golden jubilee celebrations of the central government's official language department."There is no opposition to any l ...Read More >
Thoothukudi (Tamil Nadu) [India], February 23 (ANI): The Kamarajar Educational Trust, with support from the under its Corporate Social Responsibility (CSR) initiative, distributed 10 electric "Pink Autos" to economically disadvantaged fisherwomen at Thoothukudi on Monday. The vehicles were formally handed over by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, highlighting the government's focus on sustainable transport and women's economic empowerment in coastal regions. Also Read | 'PRAHAAR': MHA Launches India's First National Counter-Terror Policy. According to the ...Read More >
CHANDIGARH: A portion of the frontal section of Congress MLA Sukhpal Singh Khaira's house in Bholath, Kapurthala, was demolished on Monday by the office of the Block Development and Panchayat Officer (BDPO). Khaira, a strong critic of Punjab Chief Minister Bhagwant Mann, condemned the move, calling it the dangerous introduction of "bulldozer (Pila-Panja) politics" in Punjab by Mann under directions from AAP supremo Arvind Kejriwal, aimed at silencing criticism and democratic dissent. As the demolition began, Khaira went live on social media, criticising the state government. Anticipating the ...Read More >
Thiruvananthapuram (Keralam) [India], March 31 (ANI): The Bharatiya Janata Party (BJP) in Kerala on Tuesday released its election manifesto outlining a detailed roadmap for the state's development, sector-specific economic growth, and welfare initiatives for women and poor families if voted to power in the upcoming assembly polls. The manifesto, unveiled by the party's national president Nitin Nabin and state party chief Rajeev Chandrasekhar, positions Kerala as a preferred global tourism destination while aiming to develop the state's cities as specialised economic hubs. The party has promi ...Read More >
New Delhi [India], April 2 (ANI): Prime Minister Narendra Modi on Thursday said that the people of Keralam are showing strong support for the BJP-NDA, asserting that voters have seen through the empty promises of both LDF and UDF. He will interact with party workers and citizens through the "Mera Booth Sabse Mazboot Samvad - Keralam" programme this evening. In a post on X, "The people of Keralam are enthusiastically supporting BJP-NDA across the state. They have seen through the hollow promises of both LDF and UDF." "Looking forward to today's 'Mera Booth Sabse Mazboot Samvad - Keralam' at ...Read More >
Visakhapatnam, April 3 (SocialNews.XYZ) The Indian Navy commissioned its stealth frigate INS Taragiri on Friday at a grand ceremony, attended by Defence Minister Rajnath Singh, marking a defining moment in India's maritime security and sovereignty. Following the commissioning of the warship, Rajnath Singh hailed the development as a symbol of India's rising defence prowess and the nation's journey towards a self-reliant naval power. He said the INS Taragiri's commissioning sends a message of peace and prosperity for the entire region and also shared insights on how the warship will ensure st ...Read More >
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 th ...Read More >
GAIL (India) Limited has successfully berthed and discharged its first LNG vessel at the Dabhol LNG Terminal following the completion of the landmark Breakwater Project. The vessel, GAIL Bhuwan, was received on 02 June 2025. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weather port which is a critical transformation that ensures safe and reliable LNG operations even during the Southwest monsoon, traditionally a challenging period for marine logistics on India's West coast. Strategically located on the Ma ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat leading with a ₹14,600 crore offer, inclusive of the disputed land parcel. However, if the land issue r ...Read More >
New Delhi [India], December 16 (ANI): Samsung Heavy Industries has taken a major step in offshore nuclear technology by developing a floating platform that can host small modular reactors, marking a shift in how nuclear power can be produced at sea, as per a report by Pulse, the English service of Maeil Business News Korea. The company said it secured approval in principle from the American Bureau of Shipping for the basic design of its Floating SMR platform. "The South Korean shipbuilder said it received approval in principle from the American Bureau of Shipping (ABS) for the conceptual desi ...Read More >
New Delhi, April 2: Prime Minister Narendra Modi on Thursday said that the people of Keralam are showing strong support for the BJP-NDA, asserting that voters have seen through the empty promises of both LDF and UDF. He will interact with party workers and citizens through the "Mera Booth Sabse Mazboot Samvad - Keralam" programme this evening. In a post on X, "The people of Keralam are enthusiastically supporting BJP-NDA across the state. They have seen through the hollow promises of both LDF and UDF." "Looking forward to today's 'Mera Booth Sabse Mazboot Samvad - Keralam' at 4:30 this evenin ...Read More >
MUMBAI: The BJP rushed to the defence of the state government over its decision to introduce Hindi as an optional language for Classes 1 to 5 after the Thackeray cousins announced their decision to hold a joint morcha against "imposition" of Hindi in state schools.CM Devendra Fadnavis on Friday said Marathi is compulsory, Hindi is optional. "Basically, students can learn any Indian language. We have accepted the three-language policy. When NE was introduced, the Uddhav Thackeray govt was in office. An 18-member committee was set up to study the policy, and in 2021 the Thackeray govt accepted i ...Read More >