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: The supply crunch of liquefied petroleum gas (LPG) for auto rickshaws in Bengaluru in the past two days appeared to ease on Friday. Panic subsided after IndianOil Corporation Limited's (IOCL) announcement late Thursday night that auto LPG supplies would be scaled up in Karnataka to tackle the rising demand. In a press release, IOCL mentioned that the decision comes in light of the "closure or partial shutdown of several private auto LPG outlets in Bengaluru and other parts of the state". Over the past few days, multiple outlets were out of service, with long queues of autorickshaws at the remaining few with LPG stock. Bowring Service Station, a supplier of IndianOil, ran out of auto LPG supply on Thursday, following a massive upsurge in demand on Wednesday. On Friday, a station in-charge said fresh supply had arrived in the morning, and got depleted around noon. "More auto LPG supply is scheduled to arrive earliest by tomorrow (Saturday) morning," he added. "IndianOil is currently meeting the fuel requirements of auto rickshaws and LPG-driven cars through its network of 55 Auto LPG Dispensing Stations (ALDS) spread across Karnataka. The average daily sales at IndianOil's ALDS in Karnataka has risen sharply to 59.53 tonnes, compared to the previous three-month average of 43.4 tonnes, reflecting a significant increase in consumer demand," IOCL said in a statement.
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
New Delhi [India], September 3 (ANI): The All India LPG Distributors Federation has appealed Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on LPG Suraksha Hoses (LPG pipes) from 18 per cent to 5 per cent. In the run up to the two-day GST Council meeting that started today, the Federation had written to the Union minister Also Read | Tamil Nadu Power Cut on September 4: TANGEDCO Maintenance to Hit Chennai Along With Parts of Thanjavur and Coimbatore; Know Timings and List of Affected Areas. In the letter, the Federation had stressed that the LPG Suraksha Hose ...Read More >
Aizawl (Mizoram) [India], September 12 (ANI): Ahead of Prime Minister Narendra Modi's visit to Mizoram on Saturday, North East Frontier Railway CPRO KK Sharma said that the Bairabi Sairang Railway Project would be the first to connect Aizawl with other parts of the country, fulfilling the dreams of the people. Speaking to ANI, KK Sharma said, "PM Modi is bringing a gift for the people of Mizoram. This new railway line will be the first to connect Aizawl with other parts of the country. He is also bringing a gift of three trains for the people of Mizoram, which will include the Rajdhani Expres ...Read More >
New Delhi, Mar 11 (PTI) State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said in a note. "The companies will bear rising input costs from higher energy prices without correspondi ...Read More >
New Delhi: PM Narendra Modi will visit Aizawl, Mizoram, on 13th September and will lay the foundation stone of multiple development projects worth over Rs 9,000 crore. The projects will cater to multiple sectors, including railways, roadways, energy, and sports. In order to achieve world-class infrastructure and last-mile connectivity, PM Modi will inaugurate the Bairabi-Sairang New Railway Line, which has been constructed at a cost of over Rs 8,070 crore. Built in hilly areas, the rail line has 45 tunnels constructed under complex geological conditions. Additionally, it also includes 55 maj ...Read More >
New Delhi, Sep 15 (UNI) Road Transport and Highways Minister, Nitin Gadkari today said that India has surpassed Japan to become the third-largest automobile market globally, and the government is targeting the number one position within the next five years. "All major global automobile brands are now present in India. Their focus has shifted from merely assembling to exporting vehicles from India to the world," Gadkari was quoted as saying in an official statement here. He unveiled an ambitious roadmap to position India as the world's leading hub for automobile manufacturing, green mobility, ...Read More >
Kurnool, Oct 16 (UNI) Prime Minister Narendra Modi today laid the foundation stone, inaugurated, and dedicated to the nation multiple development projects worth around Rs 13,430crore here in Andhra Pradesh. The Prime Minister further laid the foundation stone anddedicated to the nation several key railway projects worth over Rs 1,200 crore. The projects include the laying of the foundation stone for the Kothavalasa-Vizianagaram Fourth Railway Line and the Rail Flyover between Pendurthi and Simhachalam North. The dedication to the nation of the doubling of the Kottavalasa-Boddavara section an ...Read More >
Indian businesses say they are struggling to keep operations running as gas supplies are disrupted by the US and Israel's war on Iran. Restaurant owners are scrambling to keep kitchens running and entrepreneurs in industries like ceramics and fertilisers say they are unable to maintain their production and are warning of shutdowns. India has said it is not short of gas but has invoked emergency measures to ensure supplies get to domestic consumers and other key users. The country meets half of ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
Chennai , Long queues of motorists were seen outside petrol stations across Tamil Nadu on Thursday as panic buying took hold of several cities, triggered by a worsening shortage of commercial LPG that has already forced numerous eateries to shut down or drastically reduce their menus. While oil marketing companies and state government officials have repeatedly assured the public that there is no shortage of petrol or diesel, the sight of dry outlets in the commercial gas sector has sparked wides ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Bhavnagar (Gujarat) [India], September 28 (ANI): A MoU Exchange Ceremony took place on the eve of the Samudra Se Samriddhi - Transforming India Maritime Sector programme on September 19 at Bhavnagar, Gujarat. According to the Ministry of Ports, Shipping and Waterways release, this event was addressed by Prime Minister Narendra Modi, in which a number of projects pertaining to the maritime sector were launched. The MOUs were signed on September 18th in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, Dr Mansukh Mandaviya, Union Minister of Labour & Employm ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
Hyderabad (Telangana) [India], October 28 (ANI): India's petroleum and energy sector is undergoing a transformative expansion, poised to play a defining role in shaping the global energy future, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas, on Tuesday. Addressing the inaugural session of the Energy Technology Meet in Hyderabad today, he stated that India's energy journey reflects remarkable progress, driven by visionary policy frameworks, rapid innovation, and sustained investment across refining, biofuels, and green energy. Also Read | BTS V Flaunts Korean Heritage in Mode ...Read More >
HYDERABAD: In a major move aimed at reducing pollution and improving urban transport in Hyderabad, the Telangana government has approved the introduction of 65,000 new eco-friendly auto rickshaws within the city limits and the Outer Ring Road (ORR). The decision, driven by Transport Minister Ponnam Prabhakar and aligned with Chief Minister Revanth Reddy's vision, is expected to contribute to environmental sustainability and employment generation. The state issued GO No. 263 relaxing the long-standing cap on new auto rickshaw permits within Greater Hyderabad. For over two decades, restriction ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In his address at the plenary session of the All India Petroleum Dealers Association (AIPDA) conclave, the minister said that the Government has ensured affordable and uninterrupted energy supply to citizens, even during times of global uncertainty. Highlighting India's achievements in the biofuels ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
New Delhi, Aug 14 (PTI) State-owned Indian Oil Corporation Ltd (IOC) on Thursday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding of retail prices despite a drop in input oil cost. Its standalone net profit of Rs 5,688.60 crore in April-June - the first quarter of the 2025-26 fiscal year - compared to Rs 2,643.18 crore earnings in the same period of the last year, according to a stock exchange filing by the company. The first quarter profit is nearly half of the company's full 2024-25 (April 2024 to March 2025) fiscal year earnings o ...Read More >
Imphal (Manipur) [India], September 13 (ANI): Elaborate security arrangements have been made in Manipur's Imphal ahead of Prime Minister Narendra Modi's visit on Saturday. The city is all decked up to welcome him. Also Read | 'India Committed to Peace and Prosperity': PM Narendra Modi Wishes Sushila Karki on Becoming Nepal's Interim Prime Minister. Visuals from accross the state capital showed extensive deployment of police and security personnel. PM Modi is on a three-day tour of five states -- Mizoram, Manipur, Assam, West Bengal, and Bihar -- from September 13 to 15. During the visit, h ...Read More >
Hyderabad: The government announced on Saturday that it would grant permits for 65,000 green autorickshaws to ply within the Outer Ring Road (ORR) limits. Permission has been granted for operating 20,000 electric autorickshaws, 10,000 fuelled by CNG, 10,000 by LPG and 25,000 retro-fitted electric three-wheelers. No permissions shall be given to petrol or diesel autorickshaws. Earlier, no new autorickshaws were delivered or sold to people unless they submitted a certificate issued by the transport department that they had scrapped their old vehicles. Government's special chief secretary Vikas ...Read More >
New Delhi: Oil companies on Tuesday slashed the price of commercial LPG cylinders by ₹58.5 with effect from July 1. A 19-kg commercial cylinder now costs ₹1,672 in Kochi and ₹1,693 in Thiruvananthapuram. This marks the fourth consecutive reduction in commercial LPG prices. Rates were earlier cut by ₹24 on June 1, ₹14.50 on May 1, and ₹41 on April 1--amounting to a total reduction of ₹138 since April. However, in a contrasting move, the price of aviation turbine fuel (ATF) was hiked sharply by ₹6,271.5 per kilolitre, or 7.5%, bringing the price in Delhi to ₹89,344.05 per kl. This reverses a t ...Read More >
Itanagar, Oct 28 (PTI) Arunachal Pradesh Chief Minister Pema Khandu on Tuesday reiterated the state government's strong commitment towards sports and youth empowerment. "For us, sports is not just about competition; it is about character-building, discipline, teamwork, and resilience. These values shape great citizens as much as they shape great athletes," Khandu said after inaugurating the 69th National School Games 2025 (Under-17 Boys & Girls - Boxing) at the Khelo India Indoor Stadium here. ...Read More >
Jaipur, Jul 19 (PTI) A gang, allegedly involved in the adulteration of coal imported from the US, was busted by the Rajasthan Police, leading to the arrest of an individual, a senior official said on Saturday. The gang was adulterating high-quality coal (petcoke) imported from the US, cheating cement and steel factories out of crores of rupees through this illegal operation, Additional Director General of Police (Crime) Dinesh MN said. A team from the Crime Investigation Branch had been gathering intelligence about the theft of petcoke for some time. They were told by informants about several ...Read More >
Lucknow: Umar Ansari, the younger son of gangster-turned-politician late Mukhtar Ansari, was arrested by Ghazipur police from Darul Shafa area of Lucknow late Sunday night.The arrest was made following the registration of a criminal case against him for forgery in Ghazipur. He was taken into custody and transported to Ghazipur for further proceedings.Umar Ansari was booked for allegedly attempting to fraudulently reclaim a property that had been confiscated under the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act. The property was earlier seized under Section 14(1) of the ...Read More >
Nagpur: Gas Authority of India Limited (Gail) may pump LNG from Adani Group's Dhamra port in the eastern coastal state of Odisha through its pipeline connecting Nagpur to Jharsuguda. Gail is laying a gas pipeline from Mumbai to Nagpur, along the Samruddhi Expressway, with the pipeline extending further to Jharsuguda in the east.Adani has an LNG terminal at Dhamra port on the east coast and is delivering LNG to Gail's metering stations there. The facility will enable Gail to charge up the pipeline from both the east and west coasts. A two-way pumping of gas also helps prevent a pressure drop in ...Read More >
New Delhi [India], October 1 (ANI): Oil marketing companies have revised the prices of commercial LPG cylinders, effective from Wednesday, October 1. The rate of a 19 kg commercial LPG cylinder has been increased by Rs 15.50. Also Read | Jaunpur: 75-Year-Old Farmer Marries 35-Year-Old Bride, Dies the Morning After Wedding in UP. Following the revision, the retail sale price of a 19 kg commercial LPG cylinder in Delhi will be Rs 1595.50 from today. The hike comes as part of the regular monthly revision in LPG prices by oil marketing companies. However, there has been no change in the prices ...Read More >
New Delhi, Nov 17 (SocialNews.XYZ) India and the US are "nearing closure" of their talks for signing the first tranche of the proposed Bilateral Trade Agreement (BTA), Commerce Secretary Rajesh Agrawal indicated on Monday. Agrawal told journalists that the two countries have been holding regular virtual rounds of talks on the BTA. Although no formal deadlines can be set on the issue, the first stage of the trade talks is progressing swiftly, he added. US President Donald Trump sent positive signals on strengthening U.S.-India relations last week, raising fresh hopes that a bilateral trade ag ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...Read More >