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.
Rishikesh (Uttarakhand) [India], April 4 (ANI): Business operations at several hotels and dhabas in Rishikesh came to a standstill as a severe shortage of commercial LPG cylinders gripped the town. Local owners said the shortage has forced many establishments to either shut down temporarily or revert to traditional cooking methods, such as coal and wood, to continue serving customers. Highlighting the gap between official claims and the ground situation, Vivek Tiwari, owner of Tiwari Shudh Vaishno Bhojnalay, on Friday told ANI, "There are a lot of problems related to gas. While the government has said that the gas supply is normal, we are not getting enough gas as per our needs..." He further said that the situation is affecting the town's hospitality sector at a crucial time. "Rishikesh is the main gateway to Char Dham. You can see that the restaurants in Rishikesh have been closed... We have to rely on coal and wood like we used to in the older days. The policy should be clear regarding what the agency owners, the government and the gas companies are doing...," he added. Pointing out the financial strain caused by the lack of regulated supply, another Dhaba owner from Rishikesh, Suresh, while speaking to ANI, said, "We are facing a lot of problems because gas cylinders are getting expensive. If someone is selling on the black market, they are charging Rs 2,500. The situation is bad at the agency as well. They say that the gas will be available only if we had made a prior booking... We are facing a lot of loss..." Meanwhile, in a bid to address rising demand and maintain supply balance, the Uttarakhand government has implemented a revised Standard Operating Procedure (SOP) for commercial LPG distribution, replacing earlier guidelines. Food and Civil Supplies Secretary Anand Swaroop said that following efforts to promote PNG, the state secured an additional 6 per cent quota for commercial LPG. Combined with a 20 per cent allocation from the Centre, the total availability has increased from 40 per cent to 66 per cent. The new SOP is aimed at ensuring transparent and priority-based distribution to prevent shortages in key sectors such as tourism, the Char Dham Yatra, and industry. Under these rules, which remain in force until further notice, oil marketing companies will supply gas based on market share while keeping District Magistrates updated. A specific provision has been introduced for wedding ceremonies, which are allocated 660 cylinders (10 per cent) daily. Usage is limited to a maximum of two commercial cylinders per event, requiring prior approval from the District Magistrate or a designated authority. Once verified, distributors will issue temporary connections, after which the quota reverts to the general category to prevent misuse. Dehradun and Nainital receive the largest portion of the wedding quota (176 cylinders each), while industrial allocations are concentrated primarily in Dehradun, Haridwar, and Udham Singh Nagar. Earlier in March, amid the ongoing West Asia Crisis, the resulting disruptions led to a shortage in the supply of commercial LPG cylinders. Due to this shortfall, hotel and restaurant owners in the hill station of Mussoorie, popularly known as the "Queen of the Hills", began making alternative cooking arrangements. The tensions escalated on February 28 following US-Israel strikes on Iran and subsequent retaliation by Iran, triggering a broader crude oil and LPG supply disruption across the country. (ANI)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
NewsVoir New Delhi [India], December 4: OPPO India's latest flagship smartphone series, the OPPO Find X8 Pro and OPPO Find X8, is on sale starting - 3rd December 2024 across the OPPO e-store, Flipkart, and mainline retail outlets. The Find X8 series is a blend of cutting-edge performance, premium design, and innovative camera technology, complemented by exciting launch offers. Pricing & Launch Offers * OPPO Find X8 Pro (16GB + 512GB) is priced at INR 99,999 and can be got for as low as INR 82,000* with offers. * OPPO Find X8 (12GB + 256GB), priced at INR 69,999, is available for as low as ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
NEW DELHI: Delhi chief minister Atishi on Thursday described Aam Admi Party national convenor Arvind Kejriwal as a prominent leader and said he is the first leader who understood the pain of women. "Arvind Kejriwal, the prominent leader, is the first leader in the history of this country who understood the pain of women. The biggest concern for women is that they have to stretch out their hands before a man even for their humble needs. In childhood, it is before their parents, before their spous ...Read More >
MORENA: Four women died and five others were injured after an explosion caused three houses to collapse in Madhya Pradesh's Morena city, police said on Tuesday. The incident took place in the city's Rathore Colony area around midnight, said Superintendent of Police Sameer Saurabh. The body of one of the deceased women was still being extricated from under the debris, he said. Vasudev Rathore, whose house was destroyed in the explosion and whose 28-year-old daughter-in-law was among the deceased, expressed suspicion that the blast was caused by gunpowder. LPG cylinders were found intact dur ...Read More >
Mumbai Indians (MI) made strategic moves in the IPL 2025 mega-auction, securing New Zealand pacer Trent Boult for ₹12.50 crore. MI owner Akash Ambani praised Boult’s invaluable skill in swinging the new ball, acknowledging the team’s struggles when he wasn’t playing for them in recent years. The franchise also acquired England’s Reece Topley for ₹75 lakh and New Zealand spinner Mitchell Santner for ₹2 crore. MI further strengthened their spin department by signing young Afghan talent Allah Ghazanfar for ₹4.80 crore, who has impressed with his performances in international cricket. ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Bhubaneswar: Opposition BJD and Congress MLAs Tuesday staged a walkout from the Odisha assembly, accusing the ruling BJP of failing to control prices of essential commodities and resolve the potato crisis in the state. The issues were debated in the House over the admissibility of an adjournment motion moved by the Opposition on price rise of vegetables, pulses, edible oil and fuel. The opposition members took exception to comments made by Food Supplies and Consumer Welfare Minister K C Patra that adverse climate conditions, rates in international and domestic markets, and less production by ...Read More >
New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India. The complaint alleged that unknown ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
Lalu Yadav was reacting to Nitish Kumar's plans to launch the Mahila Samwad Yatra, an initiative aimed at directly engaging with women in Bihar. RJD chief Lalu Prasad Yadav on Tuesday stoked controversy after passing a sexist remark at Nitish Kumar's upcoming women's rally, saying that the Bihar Chief Minister was attending it to "ogle at women." Yadav was reacting to Kumar's plans to launch the Mahila Samwad Yatra, an initiative aimed at directly engaging with women in Bihar. "Nain sekne ja ra ...Read More >
At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >
Chandigarh [India], December 3 (ANI): Punjab Legislative Assembly Leader of Opposition and Congress leader Partap Singh Bajwa on Tuesday, slammed the BJP-led central government for neglecting the interests of farmers in Punjab and Haryana. Bajwa's scathing attack comes amidst growing discontent among farmers in the region, who feel their concerns have been ignored by the ruling party. "Ever since the BJP government has come to power, they have not taken a single decision that is in the interest of the farmers of India, especially the farmers of Punjab and Haryana. It is their fundamental rig ...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 [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >
The Delhi BJP also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. In a recently-released video, the Delhi BJP has given a tour of the luxurious bungalow of AAP leader Arvind Kejriwal, where he lived while serving as the Chief Minister of the state. The party also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. Delhi BJP chief Virendra Sachdeva, who shared the video on X, called the Civil Lines bu ...Read More >
Police officials said the man, from Visakhapatnam, had already paid the principal amount but was being hounded for a huge amount as interest. The man's family has lodged complaints with the police commissioner and the district collector. Hyderabad: Facing relentless harassment after taking a loan of Rs 2,000 from an instant loan app, a 27-year-old died by suicide in Andhra Pradesh's Visakhapatnam just 47 days after he got married. Police officials said Narendra, who catches fish for a living, ...Read More >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >
MahaRERA has so far issued 1,163 warrants worth ₹705.62 crore involving 442 real estate projects in Maharashtra. Of this, the MahaRERA has recovered around 29% or around ₹200 crore. Around ₹200 crore worth of compensation has so far been recovered from 283 recovery warrants issued to 139 real estate projects, MahaRERA said in a statement. Also Read: MahaRERA puts grading of real estate projects in Maharashtra on hold MahaRERA issues recovery orders against real estate developers in case of default in handing over possession of property to homebuyers. The execution of recovery warrants has to ...Read More >
The new circle rates in Gurugram have come into effect from December 1 Gurugram: People eyeing a home in Gurugram will now have to pay more as the district administration has hiked the circle rates by 10% to 30%, driven mainly by demand. Luxury residential areas like Golf Course Road are likely to see a 30% hike in circle rates. According to reports, the new circle rates have come into effect from December 1 and will be applicable at least till March 31 next year. The price hike, however, has irked the residents, who alleged that the administration should also "improve basic amenities". Gu ...Read More >
Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10. The NSE Nifty went up by 181.10 points or 0.75% to 24,457.15. From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of ant--dowry lawy. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. Also Read | Atul Subhash Suicide Case: 4 People ...Read More >
Also Read - Bengaluru likely to see heavy rainfall and thunderstorms from December 8, predicts IMD A group of 46 students and six teachers from Morarji Desai Residential School, Mulabagilu in Kolar district visited Murudeshwar on Tuesday as part of their school trip. According to the police, around 5.30 pm, the teachers, along with the students went to the beach. Despite warnings from lifeguards, seven students ventured into the sea. The sea was rough, and three girls were swept away by the cu ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
Sambhal (Uttar Pradesh) [India], December 3 (ANI): Sambhal District Magistrate Rajendra Pensiya on Tuesday wrote to the officers of neighbouring districts--Bulandshahr, Amroha, Ghaziabad, and Gautam Buddha Nagar--requesting them to stop Lok Sabha Leader of Opposition Rahul Gandhi at their district borders. The Sambhal DM addressed the letter to the Police Commissioners of Gautam Buddha Nagar and Ghaziabad, along with the Superintendents of Police (SP) of Amroha and Bulandshahr. "On November 24, a remaining survey was conducted, following which members of the Muslim community staged massive p ...Read More >
Mumbai (Maharashtra) [India], December 10 (ANI): The stock market ended Tuesday's trading session on a subdued note, with the benchmark indices showing little movement. The Sensex edged up by 1.59 points, closing at 81,510.05, while the Nifty declined by 8.95 points to end at 24,610.05. Also Read | Parliament Winter Session 2024: Congress, INDIA Bloc Allies Move No-Trust Motion Against Rajya Sabha Chairman Jagdeep Dhankhar; Alleges 'Proceedings in Upper House Conducted in Partisan Manner'. In the Nifty pack, 23 stocks advanced, while 27 ended in the red. Among the top gainers were Shriram F ...Read More >
MUMBAI: The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of anti dowry law. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. "Dowry laws, being made to protect women should not be misused because if some women are ...Read More >