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.
CHENNAI: Tractors and Farm Equipment Limited (TAFE) announced a record performance in FY26, with tractor sales approximately 2,14,951 units, the highest ever in the company's history. TAFE concluded the fiscal year on a strong note, delivering 37.4 per cent growth in March 2026, a substantial achievement against the domestic industry growth of 29 per cent for the month. The faster than industry growth reflects TAFE's strong product line-up, deep farmer connect, and consistent demand across key agricultural regions. The company achieved its highest-ever domestic sales, both the company's brands Massey Ferguson and Eicher Tractors, recording their highest sales. TAFE's export momentum remained strong, with 12,584 tractors shipped to international markets, underscoring the company's robust global presence and diversified growth strategy.
Transport Minister Ponnam Prabhakar on Wednesday chaired a meeting with senior officials of the Transport department so as to intensify enforcement measures aimed at reducing road accidents across Telangana. The new enforcement action plan will entail strict, district-level enforcement with teams and three State-level flying squads that will embark on surprise checks and take action against traffic violators. The strategy, Mr. Prabhakar said, was devised to ensure continuous enforcement. Teams ...Read More >
Pasighat: In a bid to encourage oil palm cultivation among farmers, the Custom Hiring Centre (CHC), Pasighat Block of Arunachal Pradesh, conducted a training programme on oil palm for the first time at 4 Mile in Pasighat, on Sunday. The event was attended by several farmers, particularly new oil palm growers, who participated with great interest. Ready for a challenge? Click here to take our quiz and show off your knowledge! The programme was led by CHC Pasighat Block Chairman Dr. Otem Yomso and attended by the District Agriculture Officer of East Siang District, Opang Moyong, along with re ...Read More >
Kakinada: Union Industries and Mines minister of state Bhupathiraju Srinivasa Varma said reduction of GST on several goods by the central government will help farmers as prices of several farm equipment and agricultural inputs have greatly reduced. Speaking at a Super GST and Super Savings awareness programme in Bhimavaram on Tuesday, Varma said GST slab rates have been reduced on farming machinery to 5 per cent from 13 per cent. Further, the tax slabs have been reduced on agriculture inputs, insurance and other goods. The union minister, AP Assembly deputy speaker R. Raghu Ramakrishnam Raju ...Read More >
New Delhi [India], October 19 (ANI): M Paramasivam, Executive Director of Punjab National Bank (PNB), stated on Sunday that the bank is focusing on strengthening its core segments -- retail, agriculture, and MSME loans and deposits -- as part of its growth strategy. In banking, RAM is a common acronym for the Retail, Agriculture, and MSME loan and deposit segments. Banks focus on this sector because it represents a significant portion of their business and is often a key driver for growth. Speaking to ANI after the announcements of financial results, Paramasivam said, "This quarter we have f ...Read More >
NEW DELHI: Tractor sales surged sharply in the financial year 2026, with major OEMs posting double-digit volume growth. This growth momentum, however, may hit a roadblock as analysts forecast FY27 growth slowing to 0-3% amid high base effects and emerging El Niño risks. Ratings agency Crisil stated that tractor sales growth is projected to slow sharply to 0-2% year-on-year to about 1.2 million units in FY27. This follows an estimated 22% on-year rise in FY26, primarily driven by rationalisation of the goods and services tax (GST) rates, while a favourable monsoon further supported farm income ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
Jammu (Jammu and Kahmir) [India], July 8 (ANI): The Department of Horticulture Jammu, organied a one-day Capacity Building-cum-Training Programme for farmer, epecially targeting the empowerment of women at Pargwal under the chairmanhip of MLA Akhnoor Mohan Lal. The event witneed the preence of Director Horticulture Jammu Gul Sayed, Chief Horticulture Officer Rakeh Kotwal, Ditrict Level Subject Matter Specialit Rakeh Bhagat and Horticulture Development Officer Khour Amit Saraf. The programme drew a large number of farmer from the area, epecially the women. The trong turnout reflected the keen ...Read More >
TAFE annual sales FY26, Massey Ferguson India sales record, Eicher Tractors domestic growth, Lakshmi Venu TAFE statement, tractor industry growth India 2026, TAFE AGCO settlement update, agricultural mechanization trends India Tractors and Farm Equipment Limited (TAFE), India's second-largest tractor maker, reported its highest-ever annual sales, selling 2,14,951 units in FY26, driven by a strong product portfolio and steady demand across key agricultural regions. The company on Thursday said i ...Read More >
Haridwar (Uttarakhand) [India], June 8 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami addressed farmers during a rally in Haridwar on Sunday, highlighting various welfare schemes aimed at boosting agricultural development. 'Today, numerous welfare schemes are being implemented for the benefit of farmers. Recognizing agriculture as the backbone of development, the Kisan Credit Card limit has been raised to Rs 5 lakh,' CM Dhami said. During the rally, he also emphasized the government's commitment to the progress of the farmers. 'For 60 years, no significant decisions were made for far ...Read More >
BusinessWire India Chennai (Tamil Nadu) [India], July 1: TAFE, one of the world's largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO on all matters relating to brand, commercial issues and shareholding. The settlement encompasses the following key features: * Ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in "Massey Ferguson" and related trademarks and all goodwill associated therewith. * TA ...Read More >
Tractors and Farm Equipment Ltd. (TAFE) has signed a memorandum of understanding (MoU) with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) to establish a "JFarm Adaptive Agriculture Research & Extension Centre" at the ICRISAT campus in Patancheru, Hyderabad. According to a detailed statement issued by TAFE, the centre will focus on educating farmers on sustainable agriculture practices, soil conservation and efficient water use through dedicated infrastructure. It ...Read More >
The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. "Prime Minister Narendra Modi believes that when GST reforms bring additional money into the hands of the common people, it will definitely boo ...Read More >
Vijayawada: A major awareness campaign on the benefits of GST 2.0 reforms will be held in Andhra Pradesh on September 30 and October 1, with a special focus on farmers and allied sectors. District, mandal and RSK-level seminars, tractor rallies, and farm machinery exhibitions are being organised to explain the extensive tax relief measures. Director of agriculture Dilli Rao said on Sunday that under the new GST policy, effective from September 22, the tax rate on fertilisers, pesticides, micronutrients, and bio-pesticides has been reduced from 12 per cent to 5 per cent. Similarly, tractor spa ...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 >
CNH is preparing to add a fourth manufacturing facility in India, a move that underlines the company's intent to scale up production capacity and achieve a double digit tractor market share in the medium term. The new unit, which will become CNH's second tractor plant in the country, is under evaluation with land acquisition talks in progress. The site will be larger than the company's existing Greater Noida factory and designed to scale in phases. Gerrit Marx, Chief Executive Officer, confirmed ...Read More >
New Delhi [India], July 8 (ANI): Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Monday called for a paradigm shift in the agriculture sector by embracing cutting-edge technology and fostering greater synergy among stakeholders. He said this while addressing the 96th Annual General Meeting of the Indian Council of Agricultural Research (ICAR) Society at the NASC Complex in the national capital. Speaking at the high-profile event chaired by Union Agriculture Minister Shivraj Singh Chouhan, Dr Singh underscored that every technology available global ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
New Delhi [India], July 8 (ANI): Union Miniter of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Monday called for a paradigm hift in the agriculture ector by embracing cutting-edge technology and fotering greater ynergy among takeholder. He aid thi while addreing the 96th Annual General Meeting of the Indian Council of Agricultural Reearch (ICAR) Society at the NASC Complex in the national capital. Speaking at the high-profile event chaired by Union Agriculture Miniter Shivraj Singh Chouhan, Dr Singh undercored that every technology available globally i now accei ...Read More >
Rupnagar (Punjab), Sep 13 (PTI) Union minister L Murugan on Saturday visited flood-hit areas here and conducted an in-depth review of the ground situation. He visited several villages, including Shahpur Bela, Hariwal, Bhanu Pali, Bela Dhyani and Nangal, and directly interacted with farmers, locals and administrative officials. Witnessing the impact of the floods on agriculture, transportation, drainage and daily life, he walked through waterlogged areas, travelled in a tractor and a boat, and heard the grievances of the affected families. Murugran, the minister of state for Information and ...Read More >
Sonalika Tractors achieved its highest-ever monthly sales in September 2025, delivering 20,786 units, driven by robust domestic demand and the festive season. This record performance was significantly boosted by the central government's GST reduction on tractors and an extended monsoon, encouraging farmer investment in advanced machinery. Sonalika's market strategy and customized solutions also played a key role. Indian agricultural machinery manufacturerSonalika Tractors has achieved its highes ...Read More >
Following repeated demands from the farmers and opposition, Haryana agriculture minister Shyam Singh Rana, said that farmers will not face difficulty in selling their crops and mandis will remain open 24 hours a day during the ongoing procurement season. Earlier, the government had decided to allow purchase only from 6 am to 8 pm. The minister was interacting with reporters at Thanesar grain market in Kurukshetra. He also said that farmers can bring their produce to the mandi not only by tracto ...Read More >
Chandigarh, Jun 5 (PTI) Union Agriculture Minister Shivraj Singh Chouhan on Thursday drove a tractor in a Patiala field during his day-long visit to Punjab, saying if a minister cannot operate a farming vehicle, then he cannot truly understand the struggles faced by farmers. Chouhan also recalled the contribution of Punjab farmers in foodgrain production, referring to the green revolution and said he bows to the fertile land, state growers and their zeal and passion. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moit ...Read More >
Jaisalmer (Rajasthan) [India], June 7 (ANI): Following the completion of one month of Operation Sindoor, people living near the Indo-Pak border in Rajasthan expressed happiness. A resident in Barmer said that there was too much enthusiasm among the people during Operation Sindoor, and nobody living near the border vacated their village. A resident, Raghuvir Singh, said, "My village is just 2 km away from the Indo-Pak border. We have seen Operation Sindoor very closely. Nobody living near the border vacated their village; they supported the Indian Army and BSF. The Indian Air Force destroyed t ...Read More >
New Delhi, Apr 3 (PTI) Tractors and Farm Equipment Ltd on Friday reported a 23 per cent rise in total tractor sales with a record 2,14,951 units in 2025-26 as compared to 1,74,785 units in the preceding fiscal. The company concluded the fiscal year on a strong note, delivering 37.4 per cent growth in March 2026, Tractors and Farm Equipment Ltd (TAFE) said in a statement. It also achieved the highest-ever domestic sales with both the company's brands, Massey Ferguson and Eicher tractors, recording their highest sales, TAFE added. Commenting on the performance, TAFE Vice Chairman Lakshmi Venu ...Read More >
Chennai, Apr 7 (UNI) Tractors and Farm Equipment Limited (TAFE), one of the world's largest tractor manufacturers, inaugurated its adaptive research centre, TAFE JFarm Rajasthan, at Bhawani Mandi, on Tuesday reiterating its commitment to driving farm productivity and farmer prosperity through sharing sustainable agricultural practices. This facility aims to empower farmers with practical insights and real-time demonstrations, helping them improve productivity and efficiency, a company statement ...Read More >
Chennai : TAFE, one of the world's largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO on all matters relating to brand, commercial issues and shareholding. The settlement encompasses the following key features: · Ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in "Massey Ferguson" and related trademarks and all goodwill associated therewith. · TAFE will buy back AGCO's shares in TAFE which amo ...Read More >
NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
New Delhi: India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Furthe ...Read More >
Gadwal: A sensational murder case that shook both Telugu states has been cracked within a short period by the Jogulamba Gadwal district police. The investigation revealed that a wife and her paramour conspired to murder her husband, who was allegedly obstructing their illicit relationship. They hired a supari gang (contract killers) to carry out the murder. District Superintendent of Police (SP) T. Srinivasa Rao, IPS, conducted a press meet today revealing crucial details of the case. Case Background On 18th June 2025, a person named Ganta Tejavardhan, son of Ganta Jayaramudu, aged 32, resi ...Read More >
A farmer from Maharashtra was forced to travel to Cambodia and sell his kidney as a Rs 1 lakh loan and the Rs 10,000 per day interest caused his debt to balloon to Rs 74 lakh. Roshan Sadashiv Kude, a farmer from the Chandrapur district, was seeing continuous losses in farming and decided to start a dairy business. He took a cumulative loan of Rs 1 lakh from several moneylenders. Even before the dairy business could take off, the cows he had purchased died and the crops on the land he owned fail ...Read More >