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.
Visakhapatnam: As India takes a big leap towards becoming the most potent self-reliant naval power, the latest and sleeker stealth frigate Taragiri (F41) was commissioned into the Indian Navy on Friday. Built by Mazagon Dock Shipbuilders Limited (MDSL), Mumbai and designed by the Indian Navy's Warship Design Bureau, the fourth platform of the Nilgiri class under Project 17A epitomises a generational leap over earlier designs and is endowed with several advanced stealth features. With indigenous content exceeding 75 per cent, the ship is armed with supersonic BrahMos missiles, the MF-STAR radar system, MRSAM and Barak anti-aircraft missile systems, among several other advanced weapon systems. It comprises state-of-the-art technology to detect threats on the surface, subsurface, and in the air. Powered by a Combined Diesel or Gas (CODOG) propulsion, the 'reincarnated' Taragiri is designed for high speed and endurance capabilities and can be deployed to undertake any mission, anywhere at any time. Equipped with cutting-edge weapons and sensors, the ship can carry out the full spectrum of maritime operations. It inherits the 'indomitable spirit' of the Pallas' Fish Eagle from her predecessor and is ever-ready to 'rise above' every challenge. At the commissioning ceremony organised in Visakhapatnam, defence minister Rajnath Singh stated that the government has created an ecosystem for the youth and the industry that consistently fosters innovation, manufacturing and exports. He stressed that India has no alternative but to pursue self-reliance in defence to stay ready in the present uncertain times. The defence minister pointed out that guided by that very vision, the government has taken several major policy decisions, the results of which are visible now. Built in significantly reduced timelines, INS Taragiri epitomises India's shipbuilding prowess and strong public-private collaboration. The erstwhile Taragiri, the sixth ship of the Leander Class, was built indigenously in the late 1970s and commissioned on May 16, 1980. Upon commissioning, she became the first IN ship to embark Seaking Helicopters and undertook several major missions, including Operations Typhoon - A, Tuna, Jupiter, Trident and Tsunami relief in Sri Lanka. After 33 years of committed service to the nation, the ship was decommissioned on June 27, 2013. A master class in modern naval shipbuilding, the reincarnated stealth frigate, with a displacement of approximately 6,670 tonnes, has been designed for multi-role operations. The warship utilises advanced stealth technology to achieve a significantly reduced radar signature, providing a lethal edge in contested environments. Over 10,000 people were involved in building the ship. With a crew of 300 onboard, Taragiri stands tall as an embodiment of the 'Make in India' spirit and the sophisticated engineering capabilities of the indigenous shipyards.
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L& ...Read More >
KV Singh Deo (centre) and other officials during the inauguration of the DNN lab on Thursday Sourced by the Telegraph A state-of-the-art Deep Neural Network (DNN) Laboratory has come up on the premises of Krystellar Defence and Aerospace in Nayapally, Bhubaneswar. The lab would work in the area of artificial intelligence and next-generation defence technologies. It is designed to promote research in unmanned aerial vehicles (UAV), artificial intelligence (AI), electronic warfare, cognitive communications, AI-powered space surveillance, hypersonic threat detection, tracking and situational aw ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi, June 27 (UNI) Defence Minister Rajnath Singh held a bilateral meeting with his Chinese counterpart, Admiral Dong Jun, and stressed the importance of maintaining peace and tranquility along the India-China border, as well as resolving issues through a structured roadmap of permanent engagement and de-escalation. The meeting was held yesterday on the sidelines of Shanghai Cooperation Organisation (SCO) Defence Ministers' meeting in Qingdao, China, a Defence Ministry statement said here. Rajnath Singh acknowledged the work being undertaken by both sides to bring back semblance of nor ...Read More >
Prayagraj (Uttar Pradesh) [India], February 7 (ANI): Bihar Governor Arif Mohammed Khan arrived at the Mahakumbh in Prayagraj on Friday and said that the 'Sanatana' culture embodies the oneness of being and that all the differences dissolve in it. Speaking to the media here, Arif Khan highlighted the Indian culture of seeing divinity in humanity, asserting that "manav" (humans) are a reflection of "Madhav" (God). Khan also noted that India's heritage, values, and ideals continue to be celebrated at the Mahakumbh, fostering unity among people beyond personal familiarity. "We should always not ...Read More >
New Delhi: A quiet splash. A dark current. And then, chaos. Concrete cracking. Steel shattering. Russia's mighty Crimean Bridge, once a symbol of unbreakable control, was torn. Not by fighter jets. Not by missiles. But by bombs, sleeping silently beneath the waves. On June 3 morning, Ukraine's security service SBU claimed responsibility for a jaw-dropping underwater strike on the Kerch Bridge, an important supply line between Russia and the occupied Crimean Peninsula. The attack, which reportedly used 1,100 kg of explosives, targeted the bridge's underwater pillars - crippling its foundation ...Read More >
New Delhi: Defence Minister Rajnath Singh participated in the Shanghai Cooperation Organisation (SCO) summit in Qingdao, China, emphasising the need for collective action against terrorism and extremism. During his meeting with Chinese Defence Minister Dong Jun, Singh strongly condemned Pakistan-sponsored terrorism, underscoring the urgent need for cooperation to combat this global threat. Defence Minister Rajnath Singh proposed a comprehensive four-point plan to ease border tensions and improve diplomatic ties with China during a bilateral meeting with his Chinese counterpart on the sideline ...Read More >
Bengaluru (Karnataka) [India], February 10 (ANI): Defence Minister Rajnath Singh on Monday met Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru at Aero India 2025. Singh called their meeting a "great interaction." Also Read | US: Judge Finds Trump Administration Hasn't Fully Followed Order To Unfreeze Federal Spending, Orders White House To Release All Money. In a post on X, he said, "Great interaction with the Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria Ge ...Read More >
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrates advanced systems from leading Indian defence firms, including Bharat Electronics Limited (BEL), L&T ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
New Delhi: Indian Navy chief Admiral Dinesh K Tripathi on Sunday (Dec 15) left on a four-day official visit to Indonesia to further consolidate the bilateral defence cooperation between the two countries. His visit, which will conclude on December 18, is in line with the deepening Comprehensive Strategic Partnership, with a focus on enhancing Naval Cooperation. During the visit, Admiral Tripathi will engage in bilateral discussions with top Indonesian Government and defence officials, including Lt Gen Sjafrie Sjamsoeddin (retd), Defence Minister of Indonesia, General Agus Subiyanto, Commander ...Read More >
New Delhi, Feb 4 (PTI) Defence Minister Rajnath Singh on Tuesday accused Congress leader Rahul Gandhi of making "false allegations" about the statement of the Army chief on the situation at the India-China border. "The words attributed to the Army Chief by Shri Rahul Gandhi were never spoken by him at any time. It is a matter of deep regret that Shri Rahul Gandhi should indulge in irresponsible politics on matters of national interest," Singh said on X. In his speech on Monday in Lok Sabha during the discussion on the Motion of Thanks to the President's address, the leader of opposition clai ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Defence Minister Rajnath Singh has briefed his Belarusian, Tajik, Kazakh and Chinese counterparts on the Pahalgam terror attack and Operation Sindoor. He met them on the sidelines of the Shanghai Cooperation Organisation (SCO) Defence Ministers' meeting in Qingdao, China, on Thursday. The Ministers agreed to continue cooperation to enhance capacity building, training, military technical cooperation, and military education, amongst other areas of common interest. According to a Ministry of Defence (MoD) press release issued on Friday, Rajnath Singh briefed ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
Jammu, Jan 14 (VOICE) Defence Minister Rajnath Singh on Tuesday said that the BJP government at the Centre treats Delhi and Jammu and Kashmir equally.Addressing the ninth Armed Forces Veterans' Day programme at Tanda Artillery Brigade in Akhnoor, the Defence Minister praised Jammu and Kashmir Chief Minister Omar Abdullah for his effort to reduce the distance between the hearts of the people of Jammu and Kashmir and Delhi and asserted that the BJP government treats Delhi and Kashmir equally. "Kashmir was treated differently (by previous governments) in the past. As a result, our brothers and s ...Read More >
Nagpur, May 23 (PTI) India's indigenously developed 'Akashteer' air defence system performed "exceedingly well" during 'Operation Sindoor', said Defence Research and Development Organisation (DRDO) chief Samir V Kamat, who expressed confidence that its success will draw international interest. India had deployed the indigenously developed and fully automated 'Akashteer' air defence control and reporting system, which emerged as the invisible force of new war capabilities during Operation Sindoor, launched against nine terror sites in Pakistan and Pakistan-occupied Kashmir. "Definitely, our a ...Read More >
New Delhi: India's opposition MPs on Wednesday, December 11, greeted their BJP counterparts in Parliament premises with the tricolour in one hand and a red rose in the other, urging the ruling party to ensure that the Parliament functions properly. This is the latest in a series of demonstrations led by Congress over the issue regarding industry mogul Gautam Adani getting indicted by the US. Leader of Opposition in the Lok Sabha Rahul Gandhi also offered the tricolour in the form of a card to Defence Minister Rajnath Singh when the latter was entering the main Parliament building. Congress ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...Read More >
New Delhi [India], June 7 (ANI): Defence Minister Rajnath Singh on Saturday asserted that India has demonstrated a successful strategy to defeat terrorism, laying out five key positions on how the global community can uproot such activities, and assured retaliation against Pakistan-sponsored terrorism while showing zero tolerance against this menace. In an article titled 'We've shown how to defeat terror,' published in an English Daily, Singh reflects on India's response to the April 22 Pahalgam terror attack and India's subsequent response through Operation Sindoor, emphasising the nation's ...Read More >
New Delhi [India], June 8 (ANI): Amid the ongoing Operation Sindoor against Pakistan, the Defence Ministry is going to take up Rs 10,000 crore proposal to buy three sophisticated spy planes to help Indian Air Force get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other mobile objects. The Rs 10,000 crore project for the Intelligence, Surveillance, Target Acquisition and Reconnaissance (I-STAR) is expected to be taken up for clearance at a high-level defence ministry meeting scheduled to be held in the four ...Read More >
New Delhi: The Federation of Western India Cine Employees (FWICE) has requested Defence Minister Rajnath Singh and Home Minister Amit Shah to immediately withdraw permission granted for the shooting of the film "Border 2' at the National Defence Academy (NDA) premises in Pune amid the ongoing controversy surrounding singer-actor Diljit Dosanjh. The singer-actor is facing a massive backlash for collaborating with a Pakistani artist, Hania Aamir, in his upcoming movie 'Sardaar Ji 3,' against the backdrop of continuing tensions between India and Pakistan. Diljit Dosanjh is currently working on ...Read More >
Mumbai: Three warships and one submarine are likely to be commissioned in about a month, a top official of the Indian Navy said on Tuesday. Addressing a press conference, Vice Admiral Sanjay J Singh, Flag Officer Commanding-in-Chief of the Western Naval Command, said the three warships - INS Nilgiri, INS Surat, INS Tushil - and submarine INS Vagsheer are expected to be commissioned in a month. "We have got four vessels that are due for induction within the next one month," Singh said. INS Nilgiri is the first ship of Project 17A and was launched in September 2019, he said. INS Surat is the fo ...Read More >
India's Defence Acquisition Council (DAC) has approved a ₹21,772 crore package to strengthen maritime security. This includes 151 new boats for the Navy and six Advanced Light Helicopters (ALH) for the Coast Guard. These assets are designed for rapid response, surveillance, and rescue missions. With advanced technology and indigenous manufacturing under the "Aatmanirbhar Bharat" initiative, the acquisitions aim to address emerging maritime threats in the Indo-Pacific and reinforce India's role in regional security.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...Read More >
New Delhi [India], December 12 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday met Union Home Minister Amit Shah at his residence in the National Capital and presented him with an idol of Vinayak Damodar Savarkar. "It was an absolute pleasure to meet and interact with Hon Union and Cooperation Minister Amitbhai Shah at his residence in New Delhi. Also presented him a 'murti' of SwatantryaVeer Vinayak Damodar Savarkar," the Chief Minister posted on X (formerly Twitter). Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
SCO conclave: India refuses to sign draft over Pahalgam terror attack ommision The SCO operates under the framework of consensus, and Singh's refusal to endorse the document resulted in the SCO defence ministers' conclave ending without a joint communique Defence Minister Rajnath Singh on Thursday refused to sign a joint communique of the Shanghai Cooperation Organisation (SCO) following the omission of the Pahalgam terror attack and not explicitly addressing India's concerns over Pakistan-backed cross-border terrorism. The SCO operates under the framework of consensus, and Singh's refusal t ...Read More >
New Delhi, June 27 (SocialNews.XYZ) On the sacred occasion of Rath Yatra, President Droupadi Murmu and Prime Minister Narendra Modi led the nation in conveying heartfelt greetings to the devotees of Lord Jagannath across the globe. The festival, marked by grand processions and deep spiritual fervour, is being celebrated with great devotion in various parts of India and by the Indian diaspora abroad. Taking to social media platform X, President Murmu wrote, "On the occasion of the sacred Rath Yatra, I extend my heartfelt greetings to the devotees of Lord Jagannath residing in India and abroad ...Read More >
Indian Navy Chief Admiral Dinesh K Tripathi is visiting Indonesia from December 15-18 to bolster bilateral defense relations. He will meet with Indonesian defense officials to discuss maritime security, joint training, and enhanced operational collaboration. The visit coincides with the ongoing 43rd India-Indonesia Coordinated Patrol, highlighting the growing maritime partnership between the two nations.The Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi is set to embark on a four-day o ...Read More >
New Delhi, Jan 17 (PTI) India's offensive and defensive responses need to be further strengthened in view of turmoil in the rules-based global order, Defence Minister Rajnath Singh said on Friday. In an address at an event, he also said that the Indian Navy is working towards increasing its presence in the Indian Ocean region. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. The Indian Ocean is witnessing increasing Chinese presence triggering concern among India's national security planners. India's economic prosperity is linked to m ...Read More >