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.
Bhubaneswar: Liquor sales at beach shacks will be allowed only through the Odisha Tourism Development Corporation (OTDC) to promote tourism, Excise Minister Prithviraj Harichandan clarified on Friday. "There is no room for any further confusion on this. Licenses will be granted only to the OTDC and hence the provision will entirely depend on it," he told reporters. The new Excise Policy for 2026-29, which came into force from April 1, prohibits sale of liquor near Shree Jagannath Temple, Grand Road, venue of annual Rath Yatra, and beach shacks within the Puri municipal limits. Besides, home delivery of liquor around the temple has also been banned. However, the OTDC will be issued temporary licences to serve liquor at its eco-retreat destinations and designated beach sites, elsewhere. According to the policy, OTDC and the India Tourism Development Corporation (ITDC) will be permitted to sell liquor at concessional rates, with their licence fees reduced by 50%. Responding to queries on sale of liquor in tetra packets, the Minister said: "The option to use tetra packaging for liquor has existed in the state's excise rules since 2014, though it has not been implemented in the market until now. The government will not impose any restrictions on licensed entities wishing to produce or sell liquor in tetra packs." He stressed that the policy prioritises strict regulation of liquor manufacturing and sales to curb illegal trade, while ensuring overall compliance. The new policy specifies that India-made foreign liquor can be packaged in 180 ml tetra packs with six protective layers and clear display of the shelf life or "best before" consumption date. The manufacturers also have to ensure prior certification from recognised bodies such as the Central Food Technological Research Institute (CFTRI), the Indian Institute of Packaging, or any institute notified by the excise commissioner. The move has drawn criticism from opposition parties, particularly the BJD, who have labeled it "unethical" and "anti-youth," arguing that the portable, juice-like packaging could make alcohol more accessible to younger people and contradict earlier promises related to alcohol regulation. The government, however, has defended the policy as a continuation of existing provisions with added safeguards. Overall, the 2026-29 excise framework focuses on regulatory stability, with measures such as no new liquor outlets in many categories, restrictions near sensitive areas like Puri, and a new 0.5% de-addiction cess to support public health initiatives.
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Dehradun/New Delhi, Jun 8 (PTI) Army Chief Gen Upendra Dwivedi on Sunday visited forward posts in Uttarakhand's Garhwal region and reviewed the operational and administrative readiness of the forces deployed in the region, officials said. During his interaction with members of the troops there, he emphasised the importance of maintaining high standards of operational preparedness and constant vigilance. "The Army Chief interacted with troops guarding the frontiers and commended them for their unwavering dedication, resilience, and professionalism," according to a an official statement. The ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) 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 approximate ...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 >
Digha (West Bengal) [India], June 26 (ANI): West Bengal Chief Minister Mamata Banerjee visited Lord Jagannath temple in Digha in West Bengal on Thursday, ahead of Jagannath Rath Yatra scheduled to start on June 27. CM Mamata Banerjee said, "Lord Jagannath temple has become a major place of pilgrimage. The Rath Yatra will be held on a 1 km route from 9 am to 4 pm tomorrow. The aarti will be performed at 2.30 pm. Our ministerial team has arrived here for this." Also Read | 'Dreamer and Disciplined': School Teachers Recall Fond Memories of Shubhanshu Shukla As Astronaut Becomes First Indian To ...Read More >
Bhubaneswar, June 26 (SocialNews.XYZ) The city of Puri in Odisha is bracing for the famous Ratha Yatra, as holy siblings -- Lord Jagannath, his brother Balabhadra, and sister Subhadra -- prepare to embark on their nine-day sojourn from their abode, the 12th-century shrine, to Gundicha Temple on June 27. Devotees, gripped with ecstasy, will pull the chariots of Lord Jagannath, Balabhadra, and Subhadra -- Nandighosh, Taladhwaja, and Darpadalan respectively -- for around 3 km to the Gundicha Temple, believed by some legends to be the birthplace of the Chaturddha Murti (Lord Jagannath, Lord Balab ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...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 >
Digha (West Bengal) [India], June 26 (ANI): West Bengal Chief Minister Mamata Banerjee visited Lord Jagannath temple in Digha in West Bengal on Thursday, ahead of Jagannath Rath Yatra scheduled to start on June 27. CM Mamata Banerjee said, 'Lord Jagannath temple has become a major place of pilgrimage. The Rath Yatra will be held on a 1 km route from 9 am to 4 pm tomorrow. The aarti will be performed at 2.30 pm. Our ministerial team has arrived here for this.' The Rs 250 crore temple in Digha, constructed over 20 acres, was inaugurated by West Bengal Chief Minister Mamata Banerjee on April 30 ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...Read More >
The Odisha government has formed a high-level ministerial committee, headed by Deputy Chief Minister Pravati Parida, to ensure the smooth execution of the Rath Yatra in Puri on June 27. The committee will oversee all arrangements for the festival, expected to draw around 1.5 million attendees. Preparations are also underway for the Snan Yatra on June 11.The Odisha government has constituted a high-level ministerial committee to ensure the smooth conduct of the upcoming Rath Yatra of Lord Jagannat ...Read More >
Berhampur/Bhubaneswar: A state-of-the-art medical college and hospital was inaugurated by chief minister Mohan Charan Majhi in Kandhamal district on Saturday, fulfilling a long-standing demand of locals. The 100-seat medical college and 650-bed hospital, built at a cost of over Rs 600 crore, is located at Tilakpada near Phulbani.Speaking at the inauguration ceremony, CM Majhi emphasised that the facility would provide quality healthcare services to residents of Kandhamal and neighbouring districts like Boudh, Nayagarh and Kalahandi.A govt officer said the medical college hopes to start admissi ...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 >
Puri (Odisha) [India], June 27 (ANI): Preparations for the annual Jagannath Rath Yatra, set to commence on Friday in Puri, are in their final stages, with elaborate arrangements in place for the grand festival. District Magistrate Siddharth Swain and Superintendent of Police Vineet Agarwal provided updates on the planning underway to ensure a smooth and secure event. Also Read | Rahul Gandhi's Demand for Digital Voter List of 2024 Lok Sabha Elections and Vidhan Sabha Polls Legally Untenable, Say Experts. Officials stated that elaborate security arrangements have been made for the Yatra. Pu ...Read More >
Diljit Dosanjh is set to perform in Chandigarh on December 14 as part of his "Dil-Luminati" India Tour. Diljit Dosanjh will perform in Chandigarh on December 14 (File photo) The Chandigarh Commission for Protection of Child Rights has advised singer Diljit Dosanjh to refrain from singing some of his hit songs, including 'Patiala Peg', at his upcoming concert in the city as they "promote" alcohol, drugs and violence and "affect" children. The 40-year-old is set to perform in Chandigarh on Decemb ...Read More >
Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday raised questions over the fresh electoral roll revision guidelines issued by the Election Commission of India (ECI) ahead of Bihar assembly polls scheduled this year. Expressing apprehensions, Banerjee said that these fresh guidelines might be implemented in Bengal ahead of the assembly polls in 2026. Speaking to ET, Banerjee said that she has apprehensions that these guidelines may be even worse that National Register of Citizens (NRC), if implemented. "How will poor people get documents? Are they doing this to establish the NR ...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 >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
Thousands of pilgrims, including foreigners, congregated in Digha, West Bengal, for the Rath Yatra festival. The Chief Minister, along with cabinet members, initiated the chariot procession of Lord Jagannath, Balabhadra, and Subhadra. Rituals commenced in the morning with 'Pahandi Vijay' at the newly-built Jagannath Dham Temple, followed by the idols being placed on the chariots amid devotional chants and festivities.Thousands gathered from different parts of the state to attend the Rath Yatra fe ...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 >
BHUBANESWAR/PURI: In a massive incentive, the Law department has approved Rs 2.25 crore for Daitapati servitors of the Shree Jagannath Temple if they ensure a smooth Rath Yatra. A proposal in this regard was sent by the Shree Jagannath Temple Administration (SJTA) recently. In a letter to the Srimandir chief administrator, the department informed that the government has approved Rs 2.25 crore as a 'special reward' for Daita servitors for disciplined conduct during the annual festival of the Trinity. The money will be paid from the SJTA funds and replenished with the allotment of funds as spe ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Puri (Odisha) [India], June 26 (ANI): After its vast and largely volunteer-led support effort to feed the multitude at the Maha Kumbh Mela in Prayagraj earlier this year, the Adani Group has now turned its attention to another of India's most iconic religious festivals -- the Rath Yatra in Puri, Odisha. Held annually at the Lord Jagannath Temple in Puri, the nine-day chariot procession draws millions of pilgrims from across the country and beyond. For the Adani Group, corporate social responsibility has always extended beyond infrastructure, education and healthcare. Increasingly, it includes ...Read More >
Bhubaneswar: Gundicha Temple, where the deities of Jagannath temple were born, is being prepared for a visual transformation through enhancement work before Rath Yatra on June 27."The beautification work includes stone-cladding of the outer boundary wall, landscaping and illumination arrangements to welcome the deities at their place of birth during Rath Yatra. The aesthetic transformation will give a visual delight to the deities and devotees," chief administrator of Shree Jagannath Temple Administration (SJTA), Arabinda Kumar Padhee told TOI.The temple's exterior boundary wall, previously co ...Read More >
Katra, June 06: Prime Minister Narendra Modi delivered a powerful message to Pakistan and ter-rorists today, reaffirming India's resolve to protect Jammu and Kashmir from terrorism and ex-ternal aggression. "Whenever Pakistan hears the name Operation Sindoor, it will be reminded of its humiliating de-feat," Modi declared, referring to the recent successful military operation that struck terror infra-structure inside Pakistan. He said Operation Sindoor demonstrated the strength of Aatmnirbhar Bharat and praised the armed forces for their trust in 'Make in India.' "You have seen how Operation ...Read More >
Srinagar: Prime Minister Narendra Modi on Friday condemned the April 22 terror attack in Pahalgam as a deliberate attempt by Pakistan to undermine "insaniyat (humanity) and Kashmiriyat (Kashmiri ethos)," targeting not only peace but also the livelihoods of Kashmiris dependent on tourism. Addressing a massive public rally in Katra after inaugurating the first direct train service to the Kashmir Valley, Modi called the assault "a sinister effort to incite communal violence in India and cripple the tourism sector that sustains thousands of hardworking Kashmiris." Highlighting the symbolic signi ...Read More >
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Bhubaneswar: As Odisha gears up for the grand Rath Yatra, Reliance Industries Limited, in close collaboration with the Puri district administration, has launched a comprehensive series of efforts to ensure that visitors enjoy a safe, comfortable, and enriching journey. The annual chariot festival in Puri draws lakhs of devotees who gather to witness the majestic procession of Lord Jagannath, Balabhadra, and Subhadra from the Jagannath Temple to the Gundicha Temple. Honouring the spirit of seva, Reliance Foundation, with its characteristic We Care spirit, is proud to support this 13-day sacre ...Read More >
Bhubaneswar: Biju Janata Dal President and Leader of Opposition in Assembly Naveen Patnaik has extended his warm greetings to the people on the auspicious occasion of Lord Jagannath's Rath Yatra. Naveen, who is currently undergoing treatment at Kokilaben Dhirubhai Ambani Hospital in Mumbai, extended his heartiest congratulations and best wishes to the people through a video message. Notably, Prime Minister Narendra Modi spoke with Naveen Patnaik, wishing him a speedy recovery and a swift return to public life. Leaders from various political parties and citizens across Odisha and outside hav ...Read More >
Bhubaneswar: The Odisha BJP government has renamed 21 schemes launched by the previous BJD regime, Chief Minister Mohan Charan Majhi told the assembly Thursday. The BJP government took oath June 12 after defeating the 24-year-old Naveen Patnaik-led BJD government in the assembly elections. In a written reply to a query by BJD legislator Tusharkanti Behera, the Chief Minister said the state government has renamed 21 existing schemes and launched seven new ones. According to a statement, the BJP government has rebranded eight schemes that were named after the late Biju Patnaik, father of form ...Read More >