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.
NEW DELHI: Everyday consumer products such as soft drinks and biscuits were allegedly sold in the city long after their expiry dates, posing a serious risk to public health.Delhi Police busted an illegal operation running out of a godown in Dwarka, where expired and near-expiry food items of multinational brands were allegedly repackaged and circulated in the market with forged manufacturing and expiry dates.Acting on a tip-off received on March 29, police raided a godown in Bamnoli village and seized a large consignment of soft drinks and packaged food items. Two men found at the spot -- Shivam Singh, 27, and Lokesh Kumar, 35 -- were apprehended.During interrogation, the duo told police they were acting on the instructions of Kamal Mudgil, 56, the owner of the firm. Mudgil later arrived at the godown and was taken into custody, taking the total arrests to three.Deputy commissioner of police (crime) Harsh Indora said officers from the Food Safety and Standards Authority of India (FSSAI) were called to the spot to verify the firm's licences and collect samples for testing. "All food products found with forged batch numbers and altered expiry dates were seized," he said.The seized stock included large quantities of popular soft drink brands -- 115 boxes of soft drink cans -- along with branded biscuits bearing tampered packaging and stickers.Police said the accused allegedly procuredexpired or near-expiry food products, altered their labels to extend shelf life and sold them in the local market or exported them.In a separate operation, police arrested six people involved in a large-scale counterfeit toothpaste racket in Outer Delhi's Kanjhawala area.The accused were allegedly filling unhygienic local or raw paste into empty tubes of a reputed brand, sealing them using machines, packing them into cartons and selling them as genuine products.The raid was conducted at a godown in CBlock, Mahaveer Vihar, where police seized a huge quantity of fake toothpaste, both filled and empty tubes, cardboard cartons, tube-filling and sealing machines, and other equipment. The main accused was also apprehended.Police said further investigation is underway to identify supply chains and distribution networks linked to both cases.
India's International Train Links: These 5 Indian Stations Connect You To Another Country By Train A video going viral of a Palestinian dad handing over a packet of India's favourite Parle-G biscuits to his daughter has highlighting the severe food crisis in Gaza, where the cost of the biscuit has risen to Rs 2,300 because of the ongoing Israel-Palestine war. On June 6, a resident of Gaza named Mohammed Jawad uploaded a video on X wherein he is giving his daughter, Rafif, a packet of Parle-G, her favourite biscuit. In the caption, Jawad had written, "After a long wait, I finally got Rafif he ...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 >
Mumbai: The income tax (IT) department conducted raids at over 150 locations across the country against false tax deduction disguised as political donations as well as educational and medical expenses. The investigation has revealed that employees of government bodies, public sector undertaking (PUS), multinational companies, academic institutions and entrepreneurs were a part of these organised rackets. On Monday, the IT department initiated a large-scale verification operation across multiple locations in the country, targeting individuals and entities facilitating fraudulent claims of dedu ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Gandhinagar (Gujarat) [India], October 31 (ANI): Chief Minister Bhupendra Patel flagged off the 'Sardar@150 Unity March' organised by the Ahmedabad Municipal Corporation to mark the 150th birth anniversary of Sardar Vallabhbhai Patel. On this occasion, he offered floral tributes to the statue of Sardar Vallabhbhai Patel and paid heartfelt homage to the Iron Man of India, the architect of a united and integrated nation, on his 150th birth anniversary. He stated that under the leadership of Prime Minister Narendra Modi, grand celebrations are being organised across the nation to commemorate the ...Read More >
New Delhi: Varun Berry, chief executive, managing director and vice-chairman of Britannia Industries, stepped down on Monday after over a decade of helming the company, a sudden exit at one of India's most prominent consumer goods companies. The Nusli Wadia-owned biscuits and dairy maker said in a regulatory filing on Monday that Berry's resignation has been accepted with immediate effect. The development is sudden, even more so as Britannia had announced Rakshit Hargave, formerly chief executive of Birla Opus, as its new chief executive last week. Now, Hargave has also been handed over the ...Read More >
Hyderabad: US-based aluminium packaging solutions provider Ball Corporation is investing another $60 million (approx 532 crore) in its Sri City manufacturing facility in Andhra Pradesh. The $11 billion Ball Corporation, which supplies sustainable aluminium packaging solutions for beverage, personal care, and household products, said on Friday that it will be beefing up its capacity for beverage cans manufacturing at Sri City in the state with the new investment."Ball's investment directly support ...Read More >
NEW DELHI: India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technologi ...Read More >
New Delhi: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and crude sunflower oil to 10%, eight months after raising it from nil to 20%. The move had prompted pack ...Read More >
New Delhi : As India gears up to celebrate National Logistics Day on June 28, the 5th RailTrans Expo 2025, organized by the Indian Chamber of Commerce (ICC), continued with renewed energy and insight. Day 2 of the Expo witnessed a high-impact plenary session titled "Unifying Corridors & Smart Logistics for Sustainable Infrastructure", aligning with the central theme 'Logistics 360 for Viksit Bharat'. The session brought together a powerhouse panel of senior policymakers, logistics leaders, and academicians, reflecting a shared vision to build a unified, tech-enabled, and future-ready logistic ...Read More >
New Delhi [India], July 14 (ANI): India holds the potential to unlock an economic contribution of USD 470-600 billion by 2030 through GCCs (Global Capability Centres) and it would be a critical enabler of India's USD 1 trillion services export vision, Romal Shetty, CEO, Deloitte South Asia, said on Monday. Speaking at the CII GCC Business Summit, Shetty said India currently hosts approximately 1,800 GCCs. 'With the right policy environment, ecosystem support, and coordinated action, there is a realistic aspiration to scale this to 3,400-5,000 centres over the next few years,' he said. He sa ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive season, which typically drives the highest annual consumer spending in India. "It is a great start to ...Read More >
NEW DELHI: The Delhi Police have busted a fake antacid manufacturing unit in north Delhi's Ibrahimpur, and seized a massive cache of counterfeit products designed to mimic a popular over-the-counter brand. Two accused -- Sandeep Jain (45) and Jitender alias Chotu (23) -- both residents of Ibrahimpur, have been arrested in connection with the illegal operation, officials said on Sunday. According to the Crime Branch, the unit was discovered during a raid following a complaint from the authorised manufacturer of the antacid brand. The accused had rented a local premise and set up a complete pr ...Read More >
Mumbai: Recycling of packaging material into something useful and lasting for the community is an initiative that represents the kind of sustainable thinking Mumbai needs, said Jeetendra V Pardeshi, Superintendent of Gardens, BMC. "Such partnerships can bring sustainability into public spaces, and the public can actively participate in this transformation," Pardeshi said on Thursday, about a set of garden benches, made entirely from recycled Tetra Pak cartons, that were donated to Patwardhan Park in Bandra. The inauguration of the benches marked the start of a campaign to collect used bevera ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
The Income-Tax Department has found organised rackets operated by some returns preparers and intermediaries across the country, filing income-tax returns (ITRs) on behalf of their clients -- including employees of multinational companies, public sector firms, government bodies, academic institutions, and entrepreneurs -- to fraudulently claim exemptions and refunds, the Finance Ministry said. The department is now poised to take stern action against continued fraudulent claims, including penalti ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Over 60 kg of sweets and 40 kg of bread were seized, with samples sent for lab analysis Diwali 2025 has begun, and the fervour of the festive season has gripped the country. During this period, sales of sweets and other festive items skyrocket in most places. Food safety concerns, especially in terms of adulteration and unsafe cooking practices, also tend to increase. Recently, officials in Telangana conducted state-wide inspections of sweets manufacturing units as well as retailers. 95 establis ...Read More >
Pointing to Google's decision to set up a major AI data centre, Naidu said Vizag is emerging as a 'preferred city' for several tech companies and stressed prioritising skill development and human resources. The CM further said that universities and educational institutions should also be represented at the summit. Andhra Pradesh chief minister N Chandrababu Naidu on Sunday said the state should be developed as a destination for Artificial Intelligence, ahead of the proposed CII partnership summi ...Read More >
The U.S.-India Strategic Partnership Forum (USISPF) has appointed Kumar Mangalam Birla, Chairman of the Aditya Birla Group, to its Board of Directors and Executive Committee. "The U.S.-India partnership is among the most consequential partnerships in the world, and I have long believed that when our two nations come together with purpose and clarity, they can shape the arc of global commerce and innovation for the better," said Kumar Mangalam Birla, Chairman of the Aditya Birla Group, in a statement. The appointment comes at a time when the Aditya Birla Group has emerged as the largest India ...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 >
Thane: Crime Branch's Anti-Narcotics Cell busted an inter-state drug trafficking network after arresting a 42-year-old Uttar Pradesh-based peddler and recovering 3.3 kg charas valued at Rs 3.39 crore during a meticulously planned operation on Wednesday night.Acting on specific intelligence inputs, police laid a trap near a society at Uthalsar Naka around 10:30 PM on Thursday, leading to the arrest of Mohammad Maqsood Mohammad Ahmed, native to Phoolpur, district Prayagraj. "The accused was allegedly preparing to distribute the contraband across the region when he was intercepted by the anti-nar ...Read More >
New Delhi, Oct 17 (SocialNews.XYZ) Food safety is a shared responsibility and must be formed with public awareness, said government officials, while also stressing the need to tackle food myths and promote food literacy. At an event held in the national capital on World Food Day 2025, policymakers, industry leaders, food scientists, and academia addressed the urgent need for science-backed food education in an era dominated by conflicting narratives and digital misinformation. "Food safety is a shared responsibility that extends beyond regulatory frameworks to public awareness. We welcome in ...Read More >
New Delhi: A Bengaluru techie ordered Samsung's ultra-premium Galaxy Z Fold 7 from Amazon and received a marble tile instead. Not foldable, not smart, and definitely not worth Rs 1.87 lakh. Premanand, a software engineer from Yelachenahalli, had planned to gift himself the foldable flagship for Diwali. The Galaxy Z Fold 7, Samsung's most expensive smartphone in India, boasts a foldable AMOLED display, Snapdragon 8 Gen 3 processor, and a triple-camera setup. It's priced at a jaw-dropping Rs 1.87 lakh, making it a luxury item for tech enthusiasts. The order was placed on Amazon with full payme ...Read More >
Bengaluru (Karnataka) [India], July 4 (ANI): Reaffirming its commitment to positioning Bengaluru as a global aerospace hub, BEML Limited inaugurated its newly built state-of-the-art warehousing facility, spread over 0.12 acres, at the Karnataka Industrial Areas Development Board (KIADB) Aerospace Special Economic Zone (SEZ), Bengaluru. The facility was inaugurated by Shri Shantanu Roy, Chairman and Managing Director, BEML, in the presence of Functional Directors, senior officials from BEML, and dignitaries from KIADB, an official release added. Also Read | Bihar Assembly Elections 2025: RJD ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive season, which typically drives the highest annual consumer spending in India. "It is a great start to ...Read More >
Explore India's FTA with EFTA: USD 100 billion investment, 1 million jobs, tariff reductions, and benefits for key sectors. New Delhi, Oct 1 (PTI) India's free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) comes into effect. It is aimed at boosting two-way commerce and investments. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. * What is an FTA? It is an arrangement between two or more countries where they agree either to eliminate or reduce customs or import duties on the maximum number o ...Read More >
Themed 'Gateway to Growth: Harnessing Opportunities under India-UK CETA', the programme brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to deliberate on the transformative potential of the agreement for Indian exporters. The outreach event marked a crucial step towards strengthening India-UK trade ties and positioning Indian exporters to make the most of the CETA agreement. Anna Shotbolt, deputy trade commissioner, South Asia, British High Commission in India, described the CETA agreement as a 'milestone in bi ...Read More >