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.
Hyderabad Asif Nagar Mango Raid: In a major food safety operation, H-FAST officials conducted a surprise raid on a fruit warehouse in Asif Nagar, Hyderabad, and exposed the illegal use of ethylene chemical for artificial ripening of mangoes. During the raid, authorities seized around 7 tonnes of mangoes stored in the godown. Officials said the operation was carried out based on specific information about chemical usage. According to H-FAST CI Ranjith, the mangoes were being: The use of chemicals for ripening raises serious concerns about public health and food safety. During the Hyderabad Asif Nagar mango raid: The scale of storage indicates large-scale supply operations.
The overwhelming stench from the red liquid made it hard for residents to breathe, forcing many to stay indoors. Several warehouse managers in the area alleged that the situation arose due to nearby operators dumping chemicals directly into the drainage system. This practice, if true, poses a significant health hazard and raises concerns about the safety of the neighbourhood. ...Read More >
New Delhi: Any non-compliance with food safety protocols will be viewed with utmost seriousness, potentially leading to severe action, said Food Safety and Standards Authority of India (FSSAI) CEO G Kamalavardhana Rao to the representatives of leading e-commerce platforms in a meeting here on Tuesday. The focus of the meeting was to strengthen food safety and hygiene practices throughout the entire e-commerce food supply chain. During the deliberations, he issued several crucial directives to the e-commerce platforms. He directed all e-commerce entities to prominently display their FSSAI lice ...Read More >
MUMBAI: Food regulator FSSAI warned e-commerce platforms of "severe action" if they fail to comply with food safety protocols. In a meeting on Tuesday with companies, CEO G Kamala Vardhana Rao directed platforms to share data pertaining to their warehouses, food handlers, and other relevant information with the authority to ensure transparency and compliance. They were also asked to "prominently display" their FSSAI licence number on every receipt, invoice, and cash memo provided to consumers."The focus of the meeting was to strengthen food safety and hygiene practices throughout the entire e- ...Read More >
Jammu, Sep 12: Just a day ahead of the commencement of new Delhi-Budgam-Delhi Joint Parcel Product Rapid Cargo Train (JPP-RCT) service to provide much sought-after reprieve to the Kashmir fruit growers on September 13, stranded apple-laden parcel train from Budgam Friday reached Jammu. "Historic moment for fruit growers, traders and aggregators of the valley as the first delivery of apples was given successfully at Jammu Railway Station on date. The apples were transported from Budgam to Jammu in less than 6 hours by rail," stated Senior Commercial Divisional Manager of Jammu Railway Division ...Read More >
Agartala, Tripura's Agriculture & Farmer Welfare Minister Ratan Lal Nath on Saturday said the government is contemplating reviving a dormant pineapple juice factory in North Tripura's Nalkata based on a public-private partnership model. The minister announced this while addressing a pineapple festival at Kumarghat in Unakoti district. The North Eastern Regional Agricultural Marketing Corporation Ltd , a central government enterprise, used to operate the food-processing unit till the nineties. ...Read More >
Bhopal, Jul 18 (PTI) Madhya Pradesh Chief Minister Mohan Yadav on Friday said the holistic model of Mercabarna (food logistics hub) in Spain's Barcelona can be useful for his state in view of its increasing agricultural production. In view of the increasing agricultural production in Madhya Pradesh, there is a need for better 'post-harvest management' and export system, an official statement quoted Yadav, who is on the third day of his tour of Spain, as saying. Mercbarnate, a leading food logistics hub of Europe, is spread over 250 acres with systems of production, storage, processing and di ...Read More >
MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 years, basic accounts/PM Jan Dhan Yojana accounts, or those opened before July 31, 2025.Meanwhile, HD ...Read More >
New Delhi, June 27: In a significant boost to India's horticultural exports, the Centre's Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the flagging off of the first consignment of one metric tonne of rose-scented litchi from Punjab's Pathankot to Doha in Qatar, according to an official statement issued on Friday. In addition, 0.5 metric tonne of litchi was also exported to Dubai, UAE, from Pathankot this week, marking a twin export achievement and reinforcing India's potential in global fresh fruit markets. This milestone initiative, undertake ...Read More >
Srinagar (Jammu and Kashmir) [India], July 5 (ANI): Union Minister for Agriculture, Farmers' Welfare and Rural Development Shivraj Singh Chouhan attended the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K), Srinagar, and conferred degrees upon the graduates. On the second day of his visit to Jammu & Kashmir on Friday, Shivraj Singh said, 'I've been in Srinagar since yesterday. The cool breeze, the fragrance of the soil, the natural beauty, and the warmth of the people have truly touched my heart. Jammu & Kashmir is the crown jewel of ...Read More >
NEW DELHI : The idiom advising one not to compare apples and oranges is a cliché -- a figurative expression that a fruit lover can safely ignore. But anyone with an interest in the origin, spread, popularity, and market dynamics of a fruit or a vegetable can and must draw comparisons. In that spirit of enquiry, one may compare apples and mangoes, more so as they appear to be headed in different directions. Apples are vying for eternal glory, while mangoes are in tatters. Sample these numbers: In 2024-25, India's mango exports, including fresh fruit and pulp, were valued at just ₹1,150 crore. ...Read More >
New Delhi [India], July 14 (ANI): Opening India's dairy sector to US imports could result in an annual loss of Rs 1.03 lakh crore to Indian dairy farmers, according to a recent report by the State Bank of India (SBI). The report cautioned that the move would significantly impact the livelihoods of small dairy farmers, as the US dairy sector is heavily subsidized. Also Read | Bitcoin Price Hits All-Time High Today, Cryptocurrency Surpasses USD 1,21,000 Mark for First Time. SBI stated, "If the dairy sector is opened up, price of milk in India is likely to drop by at least 15 per cent which co ...Read More >
Agartala (Tripura) [India], July 16 (ANI): In a significant move to enhance the income of pineapple cultivators in Tripura, Agriculture and Farmers Welfare Minister Ratan Lal Nath announced that the state government plans to establish a new fruit processing centre at Nalkata under the Public-Private Partnership (PPP) model. Addressing the Pineapple Festival at Geetanjali Auditorium in Kumarghat, Minister Nath emphasised the government commitment to promoting pineapple cultivation and exports. He revealed that from 2018 to 2025, the state successfully exported 73.15 metric tonnes (MT) of pinea ...Read More >
The Union Cabinet has increased the budgetary outlay for the Pradhan Mantri Kisan Sampada Yojana (PMKSY) by ₹1,920 crore, bringing the total to ₹6,520 crore, aiming to boost the food processing sector. These enhanced funds will support the establishment of 50 multi-product food irradiation units and 100 food testing labs. The Union Cabinet on Thursday raised budgetary outlay for the flagship scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) by Rs 1,920 crore to Rs 6,520 crore to boost the f ...Read More >
LONDON, Aug 13 (Reuters) - A major new copper smelter in India owned by Adani Enterprises Ltd (ADEL.NS), opens new tab has applied to become a listed copper-producing brand with the London Metal Exchange, the LME said in a notice on Wednesday. The copper smelter, which has an annual production capacity of 500,000 metric tons, is coming online at a time of shrinking smelting margins due to new smelter capacity in China and slower-than-expected growth of copper concentrate supply. According to Ad ...Read More >
VIJAYAWADA: Chief Minister N Chandrababu Naidu on Thursday held a review meeting at his Undavalli camp office to address procurement and pricing concerns for cocoa, mango, and tobacco crops, reaffirming his government's commitment to supporting farmers. Naidu stressed a farmer-centric approach, directing officials to conduct field visits, anticipate challenges, and ensure global standards in agricultural production. He announced a dedicated cocoa policy to promote high-quality output and enhance farmer awareness. Support for Farmer Producer Organisations (FPOs) and MSMEs to strengthen agro-pr ...Read More >
Chittoor: Chittoor MP D Prasad Rao on Saturday underlined the need for strict adherence to the directives issued by Chief Minister N Chandrababu Naidu, whose top priority is the welfare of mango farmers. In a statement, the MP highlighted the importance of implementing the government's measures without deviation. He urged officials to ensure the reopening of mango pulp processing units and facilitate the purchase of Totapuri mangoes directly from farmers to prevent losses. The latter expressed his gratitude to Naidu for announcing a minimum support price (MSP) of Rs.12,000 per tonne for Tot ...Read More >
New Delhi: India has dispatched its first-ever consignment of rose-scented litchis to Qatar, marking a significant step in its push to expand exports of high-value horticultural produce, the Ministry of Commerce and Industry said on Friday. The shipment, comprising one tonne of the premium litchis from Pathankot, Punjab, was sent to Doha on 23 June, with support from the Agricultural and Processed Food Products Export Development Authority (Apeda). A smaller, half-tonne batch was simultaneously exported to Dubai. The fruit -- known for its delicate floral aroma and juicy sweetness -- has lon ...Read More >
Bhopal: Around 40 years after the Bhopal gas tragedy, the entire 347 tons or the toxic waste of the defunct Union Carbide factory here has finally been incinerated. The process of incineration of the last batch of 307 tons of toxic waste which began at eight pm on May five this year at the Industrial Waste Management Plant at Pithampur in Madhya Pradesh's Dhar district has been completed at 1.05 am on Monday, officials said on Monday. Thirty tons of toxic remains of the Bhopal gas tragedy were earlier disposed of at the same incineration facility at Pithampur in the three trial runs between ...Read More >
Kuppam (Chittoor district): Chief Minister N Chandrababu Naidu has called on pulp industries and processing units to immediately step up and procure mangoes from farmers. At a high-level meeting held at his residence in Kuppam on Thursday, Naidu assured farmers that the state government was committed to protecting their interests and would also provide necessary assistance to industries to keep the supply chain moving. The meeting brought together mango farmers, industry representatives, and government officials from the erstwhile Chittoor district. Officials informed the Chief Minister that ...Read More >
VIJAYAWADA: Agriculture Minister K Atchannaidu on Monday urged Union Agriculture Minister Shivraj Singh Chouhan to reduce the GST on mango pulp from 12% to 5%, while seeking enhanced central support for the State's agriculture sector. Speaking after the meeting in New Delhi, Atchannaidu alleged that farmers suffered under the YSRCP regime due to poor policy decisions and a failure to utilise Central schemes. "The sector was paralysed under Jagan Mohan Reddy's rule," he said, accusing the previous government of completely ignoring farmers' needs. The Agriculture minister said that 64% of the ...Read More >
Patna (Bihar) [India], September 12 (ANI): In a significant step towards transforming Bihar into a powerhouse of agricultural and processed food exports, Union Minister of Commerce and Industry, Piyush Goyal inaugurated the Regional Office of the Agricultural and Processed Food Products Export Development Authority (APEDA) in Patna at the Bihar Idea Festival held on 11th September, 2025 in Patna, Bihar, a release from Ministry of Commerce & Industry said. The occasion was graced by the Deputy Chief Minister of Bihar, Samrat Chaudhary, and Minister of Industries, Bihar Nitish Mishra, alongside ...Read More >
The coal ministry is set to launch a second round of viability gap funding (VGF) of approximately Rs 2400 crore for coal gasification projects. They are also collaborating with the Ministry of Petroleum and Natural Gas (MoPNG) to facilitate the sale of byproducts like methanol and green hydrogen. The ministry of coal will shortly roll out the second tranche of viability gap funding (VGF) of around Rs 2400 crore for coal gasification projects and is also in talks with the ministry of petroleum an ...Read More >
Agartala, June 29 (SocialNews.XYZ) In a bid to boost the farmers' income, in all 22 foreign improved varieties and 13 indigenous improved varieties of mango are being experimentally cultivated at the Horticulture and Research Centre, at Nagichara in West Tripura, Agriculture and Farmers' Welfare Minister Ratan Lal Nath said on Sunday. Addressing the Monsoon Mango Fiesta-2025 at Narikel Kunj in Gandatwisa under tribal inhabited Dhalai district, the minister said that since the BJP government came to power in 2018, around 706 hectares of new area have been brought under mango cultivation throug ...Read More >
Kuppam (Andhra Pradesh), Jul 3 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday urged mango farmers and pulp companies to work together, especially as farmers face a major crisis. At a meeting with mango farmers from the undivided Chittoor district and representatives of pulp companies and processing units at his residence in Kuppam, Naidu directed companies to immediately purchase mangoes from farmers. "The government will also support the pulp industry and processing units," Naidu said in an official release. He assured farmers that the government will formulate an acti ...Read More >
VIJAYAWADA: Andhra Pradesh has emerged as a leading horticultural hub, recording a production of 275.13 lakh metric tonnes from 15.98 lakh hectares, ranking fifth in the country in horticultural output, said Governor S Abdul Nazeer. Speaking at the 6th Convocation of Dr YSR Horticultural University held at Swarna Bharat Trust in Atkur, Krishna district, on Thursday, the Governor noted the State's leadership in producing crops like chilli, cocoa, lime, oil palm, papaya, tomato, cashew, mango, banana, and sweet orange. He credited this success to advances in productivity and the expansion of cu ...Read More >
New Delhi [India], July 14 (ANI): Opening India dairy sector to US imports could result in an annual loss of Rs 1.03 lakh crore to Indian dairy farmers, according to a recent report by the State Bank of India (SBI). The report cautioned that the move would significantly impact the livelihoods of small dairy farmers, as the US dairy sector is heavily subsidized. SBI stated, If the dairy sector is opened up, price of milk in India is likely to drop by at least 15 per cent which could cause potential annual loss of Rs 1.03 lakh crore to dairy farmers. The report pointed out that agriculture an ...Read More >
Kolkata: The Kolkata Traffic Police is facing a new challenge in managing vehicle parking for the upcoming Shahid Diwas rally on Monday, as persistent rainfall threatens to render designated parking fields unusable. The fresh spell of rain on Friday, with more occasional rain predicted even on Saturday, has left cops worried as they believe the Maidan area can be filled with slush.The traffic department, which initially planned to utilise various fields across the city for parking buses and cars of parade attendees, is now frantically searching for alternative solutions on the main roads, stre ...Read More >
Patna (Bihar) [India], September 12 (ANI): In a significant step towards transforming Bihar into a powerhouse of agricultural and processed food exports, Union Minister of Commerce and Industry, Piyush Goyal inaugurated the Regional Office of the Agricultural and Processed Food Products Export Development Authority (APEDA) in Patna at the Bihar Idea Festival held on 11th September, 2025 in Patna, Bihar, a release from Ministry of Commerce & Industry said. The occasion was graced by the Deputy Chief Minister of Bihar, Samrat Chaudhary, and Minister of Industries, Bihar Nitish Mishra, alongside ...Read More >
New Delhi, Jun 5 (PTI) Business conglomerate Aditya Birla Group has acquired Cargill's speciality chemical manufacturing facility in Dalton, Georgia. In a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over USD 15 billion in investment. The acquisition was executed through Aditya B ...Read More >
CHENNAI: In a letter addressed to the Union Minister of Food Processing Industries, Chirag Paswan, Member of Parliament from Dravida Munnetra Kazhagam (DMK), Kanimozhi Karunanidhi has highlighted the problems faced by mango farmers in the country, especially in Tamil Nadu. She underlined the decrease in demand for mango produce by the beverage manufacturing companies and to cut down GST charges. The letter explained that the mango farmers have been facing consistent losses over the past few years due to a significant reduction in the quantity of mango pulp used by beverage manufacturers. Ac ...Read More >