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.
Mumbai: An India-bound LPG tanker successfully crossed the strategic Strait of Hormuz, marking a major development as global shipping continues to be impacted by the ongoing West Asia war. According to live tracking data from Marine Traffic, the India-flagged tanker Green Sanvi has transited the crucial chokepoint and is now en route to Mumbai. The vessel, owned by Mitsui O.S.K. Lines, is carrying approximately 46,000 metric tonnes of liquefied petroleum gas (LPG). 7th India-Flagged Vessel To Cross Hormuz Strait Amid Escalating Tensions Green Sanvi is the seventh India-flagged merchant vessel to pass through the Strait since tensions in the region escalated, severely restricting maritime traffic. Notably, all seven vessels have been LPG tankers, underlining the urgency of maintaining fuel supplies to India, where LPG is a key domestic energy source. Shipping data indicates that at least 17 India-flagged vessels are currently operating in the Persian Gulf region, east of the Strait. These include multiple LPG carriers, crude oil tankers, a liquefied natural gas (LNG) tanker, a chemical tanker, container ships, bulk carriers and vessels undergoing maintenance. Two additional India-bound LPG tankers, Green Asha and Jag Vikram, are expected to cross the Strait in the coming days, further easing supply concerns. The conflict in West Asia has majorly disrupted global energy supply chains, with India particularly vulnerable due to its heavy reliance on imported LPG. In response, the government has stepped up diplomatic engagement with Iran to ensure safe passage for its vessels. Iran recently clarified that ships belonging to countries considered non-hostile, including India, would be permitted to transit the Strait under coordination. Iranian Foreign Minister Abbas Araghchi confirmed that the waterway remains operational for friendly nations such as India, China, Russia, Iraq and Pakistan, even as restrictions continue for others.
Bengaluru : Tata Steel UK today celebrates a historic milestone in its green transformation journey as Mr Natarajan Chandrasekaran, Chairman of Tata Steel and the Tata Group, joins government ministers at a groundbreaking event for the company's state-of-the-art Electric Arc Furnace (EAF) facility in Port Talbot. Mr Chandrasekaran will be joined by Tata Steel CEO and Managing Director T. V. Narendran and Tata Steel UK CEO Rajesh Nair, where they will officially break the ground with spades, marking the official start of construction for the UK's largest low-carbon steelmaking facility. This i ...Read More >
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for producing Thai Kick Boxers, the district is also ready to shed its infamous identity that emerged du ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...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 >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
Jamshedpur, July 2: Tata Steel held its 118th Annual General Meeting (AGM) on July 2, where the company's Chairman addressed shareholders with a comprehensive overview of the company's performance, challenges, and strategic direction. The meeting opened on a solemn note, acknowledging recent losses within the Tata Group and paying tribute to significant figures whose contributions shaped the company. "There is a lot to talk about today," said the Chairman. "But I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost th ...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 >
New Delhi: MEA spokesperson Randhir Jaiswal confirmed that "friendly countries" are interceding on India's behalf to ensure Kerala nurse Nimisha Priya can be released. Priya who has been accused of killing Yemeni national Talal Abdo Mehdi in 2017 was arrested in 2020 and sentenced in 2023. Her death sentence which was set for July 16 has now been postponed. Stating that the government of India had been offering all possible assistance in the case Jaiswal said: "We have provided legal assistance and also appointed a lawyer to assist the family. We have also arranged for regular consular visits ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...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 >
India's Foreign Minister S. Jaishankar spoke with Iranian counterpart Seyed Abbas Araghchi about the Iran-Israel conflict post 12-day hostilities. India praised Iran's help in evacuating Indians. Following a US-mediated ceasefire, India is closely monitoring radiation at Iranian nuclear sites and urges diplomatic dialogue for peace. India's External Affairs Minister S. Jaishankar held talks with Iranian Foreign Minister Seyed Abbas Araghchi, addressing the recent hostility between Iran and Israel. Jaishankar expressed gratitude for Iran's assistance in the evacuation of Indian nationals amid ...Read More >
The supply is scheduled to begin in 2026. Under this deal, Vitol will deliver LNG to GAIL from its global LNG portfolio.Source : GAIL GAIL (India) Limited has signed a long-term Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA) with Vitol Asia Pte. Ltd., according to an official statement by the company released on Tuesday. This agreement follows the binding Term Sheet that was signed between the two companies in January 2024. As per the agreement, GAIL will supply approximately 1 ...Read More >
New Delhi [India], July 17 (ANI): Ambassador Taranjit Singh Sandhu, veteran diplomat of nearly four decades and former Indian envoy to Washington, joins the US-India Strategic Partnership Forum (USISPF) as Advisor to the Board and will be the Chairman of the USISPF Geopolitical Institute, USISPF said in an official statement. As per the statement, in this new avatar, Ambassador Sandhu will lend his diplomatic acumen to guide USISPF strategic engagements on the India-Middle-East-Europe-Economic Corridor (IMEC), the Indo-Pacific Quadrilateral Security Dialogue (Quad), and the I2U2 (India, Israe ...Read More >
NEW DELHI: Nayara Energy's refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow's war machine."For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," agencies quoted EU foreign policy chief Kaja Kallas as saying.India responded by saying it "does not subscribe to any unilateral sanction measures. "We are a responsible actor and remain fully committed to our legal obligations. Government of India ...Read More >
India's U.S. Crude Oil Imports Surge 51 Per Cent Following Trump's Return To Office: Sources Sunday, August 03, 2025 by Indian Defence News Since President Donald Trump resumed office for his second term, India has significantly increased its crude oil imports from the United States, marking a substantial shift in its energy procurement strategy. From January to June 2025, India's imports of US crude oil averaged 0.271 million barrels per day (mb/d), a 51% increase compared to 0.18 mb/d in the same period in 2024. This growth was even more pronounced in the April-June 2025 quarter, which sa ...Read More >
New Delhi [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...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 >
Nagpur: Surjagarh Iron Ore Mines of Lloyds Metals and Energy Ltd (LMEL) have brought laurels to Gadchiroli district by bagging 5-star rating from the Indian Bureau of Mines (IBM) under the Union Ministry of Mines. Union minister of coal & mines G Kishan Reddy presented the 5-Star Rating memento and certificate to senior officials of LMEL in a ceremony held at Rajasthan International Centre, Jaipur, on July 7. Surjagarh mines have won this national recognition for its stellar performance in operational excellence and green innovation in 2023-24. Reddy presented the award to LMEL officials in pr ...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 >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...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 >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
Bhubaneswar: With the indefinite 'Quit Steering Wheel' protest by commercial drivers entering its third day, Odisha faces an escalating fuel crisis, prompting police to intervene. Fuel tankers in several parts of the state are now being escorted by police to ensure uninterrupted supply of petrol and diesel. Visuals from Soro in Balasore district showed police accompanying tankers along National Highway-16 near Chaparpada after incidents where agitators allegedly tried to block tankers and persuade drivers to join the strike. In some cases, protesters reportedly resorted to heated arguments, e ...Read More >
New Delhi [India], July 10 (ANI): Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel. When asked about buying Russian oil during a press interaction, Minister Puri explained that Russia produces over 9 million barrels per day and is one of the world's largest crude oil producers. If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world woul ...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 >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as alterna ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
New Delhi: State-run GAIL (India) Ltd has signed a long-term LNG sales and purchase agreement with Vitol Asia Pte. Ltd for the annual supply of approximately 1 million metric tonnes per annum (MMTPA) of liquefied natural gas over a 10-year period, starting in 2026. Under the agreement, Vitol will deliver LNG to GAIL from its global portfolio, the company said in a statement. "GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia Pte. Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve i ...Read More >