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.
BENGALURU: Paying guest (PG) accommodations in Bengaluru have come under scrutiny after several facilities were found violating solid waste management rules and dumping mixed waste in public spaces. The action follows a recent incident in SG Palya, Bengaluru South, where a PG facility was caught littering by marshals and engineers of Bengaluru Solid Waste Management Limited (BSWML). Authorities imposed a penalty of Rs 40,000 on the PG owner. Officials said PG accommodations generating over 100 kg of waste per day or operating in buildings larger than 5,000 sqft are classified as bulk waste generators and must appoint authorised vendors to manage and clear their waste. "Following such incidents, top BSWML officials directed field teams to inspect PG facilities for compliance. If they continue to dump mixed waste in public areas or drains, not only will penalties be imposed, but their trade licences may also be suspended. The health wing of the corporation will be alerted," an official said.
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 >
MUMBAI, July 15 (Reuters) - Citibank India expects a strong year for its equity capital market business as initial public offerings (IPOs) pick up after a slow start in 2025, the Wall Street bank's India country head said. "Capital raising on the equity capital market side remains a big opportunity with a very strong pipeline and quite a few billion-dollar IPOs in that," K Balasubramanian, who leads the business in the Indian subcontinent, said in an interview in Mumbai late on Monday. Citibank ...Read More >
NEW DELHI: In a landmark step toward participatory governance and youth empowerment, Chief Minister Rekha Gupta on Monday launched the Viksit Delhi CM's Internship Programme. Describing it as a visionary initiative, she said it aims to involve young citizens of Delhi directly in governance, policymaking, and service delivery. Calling it more than a learning opportunity, the CM said the internship is a "covenant between Delhi and its youth," urging them not to remain bystanders but to step up as active co-creators of Delhi's future. A total of 150 interns will be selected through a fair and t ...Read More >
New Delhi: July 3 is International Plastic Bag Free Day. However, across Delhi, single-use plastic (SUP) bags, including those prohibited since 2018, are being used by shopkeepers and customers. Disposable cutlery and drinking straws made of plastic have also resurfaced in the marketplace.Despite restrictions imposed three years ago in July on single-use plastic, plastic items, particularly low-quality polythene bags below 50-micron thickness banned in 2018, continue to be extensively used without consequences. While several initiatives were undertaken to encourage the use of alternative mater ...Read More >
Mumbai, July 3 (SocialNews.XYZ) The Enforcement Directorate (ED) has intensified its probe into the Vasai-Virar Municipal Corporation (VVMC) land scam, conducting fresh search operations at 16 locations across Mumbai on July 1 under the Prevention of Money Laundering Act (PMLA), 2002. The searches, linked to the case involving Jayesh Mehta and others, resulted in the freezing of assets worth approximately Rs 12.71 crore in bank accounts, fixed deposits, and mutual funds, along with the seizure of Rs 26 lakh in cash and a trove of incriminating documents and digital devices, a statement issued ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth Office mentioned in a letter that the Indian govt had sought British advice over a plan to remove Si ...Read More >
Ludhiana: The municipal corporation, which has prepared a roadmap for establishment of the "waste to energy" plant for proper management of fresh waste generated in the city, invited three major firms with expertise in the field on Friday. MC commissioner Aaditya Dachalwal said that they wanted to get suggestions and inputs from the firms so that proper planning could be done for establishment of the plant. Firms invited on Friday include SFC Environmental Technologies Ltd, Re Sustainability Limited (formerly known as Ramky Enviro Engineers Ltd), and JITF Urban Infrastructure Limited (part of ...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 >
Meerut: Solid waste management is a huge challenge confronting human settlements but Mohiuddinpur village in Meerut has found a solution to this problem. The panchayat here has set an example for others to emulate by not only disposing off the waste to generate power but also earning revenue in the process. The village is earning an annual revenue of Rs 10 lakh which is an example in resource generation. The village has around 1200 residences that also house some tenants. The population here is around 12,000. The interesting aspect is the blueprint prepared by the panchayat that ensures effec ...Read More >
Ahmedabad: Over the past decade, the Ahmedabad Municipal Corporation (AMC) invested Rs 330.36 crore in constructing five multi-level parking complexes across the city, with two more currently under construction.The multi-level parking facilities at Kankaria, Sindhu Bhavan Road, Prahladnagar, Navrangpura, and the Sabarmati Riverfront all proved unsuccessful. Despite the failure of this concept in Ahmedabad, the corporation plans to build two new multi-level parking complexes within a 500m stretch on the eastern side of the Sabarmati Riverfront. A tender was issued for a seven-storey multi-level ...Read More >
New Delhi: Municipal Corporation of Delhi's public health department recently wrote to the veterinary department, requesting an examination of the issue of controlling the pigeon population in Delhi.In correspondence dated July 8, additional municipal health officer informed the veterinary department about concerns raised during the June 27 standing committee meeting regarding pigeon overpopulation and potential health risks from their droppings."It is pertinent to mention that there is no data a ...Read More >
Bhubaneswar, June 5 (UNI) Odisha Chief Minister Mohan Charan Majhi on Thursday urged the people to resolve to end plastic pollution and maintain a healthy, clean environment. "Today, let us pledge to eliminate plastic pollution and create a healthier, cleaner environment for our citizens," Majhi said while addressing the state-level World Environment Day event. He noted that plastic has become an integral part of our lives, especially single-use plastics. Stressing that plastic waste must be ad ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...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 >
Gurgaon: The two-day national conference of urban local bodies (ULBs), held in Manesar, concluded with a formal resolution to enhance the impact of these institutions on national development. Participants highlighted that the core objective of ULBs is to bring about positive change in the urban service delivery framework. The pivotal role of women as key drivers of development within ULBs was also discussed.It was noted that MP has implemented 50% reservation for women in urban local governance. Remarkably, currently, 60 to 65% of women are represented in ULBs there, demonstrating their strong ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Dehradun (Uttarakhand) [India], July 5 (ANI): In a move to curb the misuse of public welfare schemes, Chief Minister Pushkar Singh Dhami on Saturday directed authorities to take stringent action against those fraudulently availing benefits. According to the instructions of Chief Minister Pushkar Singh Dhami, two separate cases have been registered at Kotwali Nagar and Thana Rajpur in Dehradun. The crackdown began after the District Supply Officer and the Ayushman Department submitted complaints to the Senior Superintendent of Police, Dehradun. The complaints revealed that ration cards--inte ...Read More >
New Delhi: Municipal Corporation of Delhi (MCD) brought forward the deadlines for the complete biomining of legacy waste at three landfills -- Okhla, Bhalswa, and Ghazipur -- and the reclamation of land from Dec 2028 to Dec 2026. The information was shared by the civic body after a high-level review meeting on solid waste management in Delhi. The meeting was held under the chairmanship of the CM Rekha Gupta, urban development minister Ashish Sood, mayor Sardar Raja Iqbal Singh, MCD commissioner Ashwani Kumar and other officials.Singh said the discussions focused on 13 key agenda points, mainly ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...Read More >
GUNTUR: In a significant push to urban infrastructure, the Andhra Pradesh government has sanctioned an additional Rs 111.5 crore to strengthen the drinking water supply system in the Mangalagiri-Tadepalli Municipal Corporation (MTMC), represented by Minister Nara Lokesh. Administrative approval was issued by Special Chief Secretary S Suresh Kumar of the Urban Development Department. The new funding is part of a comprehensive project to ensure safe and uninterrupted drinking water supply. A Detailed Project Report (DPR) worth Rs 450.24 crore was earlier prepared to serve 21 villages. Of this, ...Read More >
BENGALURU: BBMP marshals deployed at lake security and supervision wing, ward monitoring and Indira Canteens are working without salaries since March. The situation has arisen after Bangalore Solid Waste Management Limited was carved out of BBMP for garbage management. Their salaries are usually given through the Ex-Servicemen Welfare Society and each marshal is paid Rs 17,500 monthly. "Supervisors say the delay is due to a set of procedures. Earlier, the amount was given to the Ex-Servicemen Welfare Society towards payments from BBMP. Now the files have to be cleared from BWSML to ward mars ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sectoral deployment of bank credit. These two segments alone comprise 31% of the banking sector's non-foo ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Ujjain (Madhya Pradesh): Marking the Cooperatives Year, a two-day national seminar will be inaugurated on Friday at the Swarn Jayanti Auditorium of Vikram University. Farmers from five major states: Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa are set to participate in the seminar, 'Dairy Development in Madhya Pradesh: Possibilities and Challenges', under the joint aegis of the Indian Dairy Association (DA) West Zone, and Vikram University (VU). Researchers, students, milk producers from across the country, where over two lakh cooperative societies function, along with experts ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
CHENNAI: PMK president Anbumani Ramadoss has alleged that paddy bags worth Rs 840 crore have been damaged during the last 5 years due to insufficient infrastructure in storage facilities and urged the government to take appropriate measures. In a statement, Anbumani said that the details have been revealed in a reply to an RTI application. "Between 2019-20 and 2023-24, as much as 1.25 lakh tonnes of paddy and rice bags were damaged each year. The state civil supplies corporation has not disclosed the complete details," he added. Saying that the farmers are also suffering due to the lack of s ...Read More >