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: India is likely to produce a record 117.5 million tonnes of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tonnes, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties. India, the world's biggest wheat producer after China, produced 113.3 million tonnes of wheat in 2024, the farm ministry said in a statement issued late on Wednesday. However, a leading industry body said the crop was nearly 6.25% lower than the government's estimate. The country's rice production in 2025 is also set to climb to a record high, with the ministry estimating it at 149 million metric tonnes, up from last year's 137.8 million tonnes. Record production of wheat and rice will lift the country's total food grains production to 354 million tonnes from last year's 332.3 million tonnes. A strong wheat harvest in India is rapidly replenishing stocks, meaning the country will be able to meet domestic demand without imports this year, contrary to market talk that it would need overseas supplies, and a potential drag on global prices. India is the world's biggest exporter of rice and higher production will help New Delhi to increase shipments.
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a t ...Read More >
Guwahati (Assam) [India], July 1 (ANI): Assam has set a new record in paddy procurement by procuring nearly 7 lakh MT of paddy during the Kharif Marketing Season (KMS) 2024-25. Assam Chief Minister Himanta Biswa Sarma on Tuesday said, 'We are proud to announce the successful conclusion of Kharif Marketing Season (KMS) 2024-25 with a record paddy procurement of 6.97 lakh MT -- the highest ever.' In Kharif Marketing Season (KMS) 2022-23, the state procured 5.92 lakh MT of paddy, and in 2023-24, the state procured 3.14 lakh MT of paddy. 'This remarkable achievement reflects our commitment to e ...Read More >
New Delhi: Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan on Thursday met farmers in Punjab and reviewed crops and production. Addressing a gathering, Chouhan said, "Prime Minister Narendra Modi's vision is Viksit Bharat, and we are working tirelessly with that goal in mind. Our mission is to build a glorious, prosperous and powerful India. Agriculture is the backbone of the Indian economy. In the fourth quarter of last financial year, the country achieved a growth rate of 7.5 per cent, with agriculture contributing to 5.4 per cent of it. Agriculture still accounts f ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Majuli (Assam) [India], June 28 (ANI): Majuli, the river island district in Assam, has marked a significant milestone as its indigenous organic red bao paddy makes its debut in the global market. In a historic development, the first consignment of this unique variety of rice has been formally exported to countries in Central Asia and Europe, bringing smiles to the faces of Majuli's farming community. Also Read | Long-Awaited Relief for Retired Government Employees? 8th Pay Commission May Reduce Commuted Pension Restoration Period from 15 to 12 Years. The export initiative has been spearhead ...Read More >
Srinagar (Jammu and Kashmir) [India], July 5 (ANI): Union Minister for Agriculture, Farmers' Welfare and Rural Development Shivraj Singh Chouhan attended the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K), Srinagar, and conferred degrees upon the graduates. On the second day of his visit to Jammu & Kashmir on Friday, Shivraj Singh said, 'I've been in Srinagar since yesterday. The cool breeze, the fragrance of the soil, the natural beauty, and the warmth of the people have truly touched my heart. Jammu & Kashmir is the crown jewel of ...Read More >
Bengaluru, Jul 8 (PTI) The Karnataka government has said that it has approved the release of Rs 244.10 crore to cover additional expenses such as wholesale and retail margins and transportation charges under the Annabhagya scheme for the months of February to May, 2025. This fund allocation comes in addition to a previously released grant of Rs 2,082.99 crore, which was meant for the purchase of an extra five kg of rice per beneficiary and other related costs for the four-month period, a government order issued on Monday said. The order was issued as the lorry owners transporting rice and ot ...Read More >
Hubballi: Chief minister Siddaramaiah and deputy chief minister DK Shivakumar have forgotten the people and the state in their tug-of-war for the CM's chair, said Haveri MP Basavaraj Bommai.On Tuesday, Bommai told reporters that they have been spending all their time protecting their positions. "The poor and farmers are suffering immensely. On one hand, there are floods; on the other, heart attack cases are rising. Even though every department is in disarray, this govt behaves as if it's dead. The public is regretting bringing this govt to power and are now cursing it," he said. "The govt comm ...Read More >
Robhoi, Meghalaya: "I can relax now," Theilyn Syngkli (60), a farmer in Meghalaya's Ribhoi district, told 101Reporters. Most afternoons, she sits on the porch of her tin-roofed house in Nartap village, chewing kwai (areca nut) wrapped in betel leaf, sometimes knitting for her grandchildren, and sometimes, doing nothing. Just a couple of years ago, that kind of rest was unthinkable. Like most women in her village, Syngkli spent long hours after harvest separating husk from rice: a job done manually using bamboo trays called pdung and prah. Among the Khasi tribe she belongs to, winnowing padd ...Read More >
Dharwad: Joint director of agriculture Manjunath Antarvalli has called upon the farmers to grow millets and supply quality food items to the domestic market. Speaking after flagging off 'Walk for Millet' organised by the agriculture department in Dharwad on Thursday, he said the farmers growing millets should be encouraged in all possible ways. "Popularly known as superfoods, the millets which are little wonders have been the most sought-after food post-pandemic. High in nutritional values, the ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce gr ...Read More >
New Delhi, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been bought by millers and traders at a price that cannot be less than the Minimum Support Price (MSP) paid b ...Read More >
New Delhi [India], July 5: A story that goes back to the very fertile heartland of Traori, Karnal in Haryana, the place where you find paddy fields that extend as far as your eyes can see. True to originality, high quality, and the fine flavour of tradition, Double Chabi, Founded by Late. Shri Kashmiri Lal, now led by his son Brij Bhushan Goel with a vision of Global expansion, Double Chabi is a brand that signifies quality to the people. Once a modest venture in the heartland of the rice bowl in India, today, this venture has turned into an internationally established rice brand, serving mill ...Read More >
DEHRADUN: Uttarakhand Chief Minister Pushkar Singh Dhami swapped his official duties for the humble task of a farmer on Saturday, personally participating in paddy sowing on his private farmland in Nagra Terai, Khatima. The rare gesture was a powerful tribute to the unwavering hard work, sacrifice, and dedication of the state's farming community. Embracing traditional agricultural practices, CM Dhami offered fervent prayers to Bhumiyan Devta (the deity of land), Lord Indra (God of rains), and Meghraj (God of clouds). These invocations were accompanied by the melodious, culturally significant ...Read More >
HYDERABAD The Bharat Rashtra Samithi (BRS) has ridiculed the argument of Minister for Irrigation N. Uttam Kumar Reddy, who had stated that it was not possible to lift water from Medigadda Barrage damaged due to the sinking of piers, and observed that it is not the barrage that had sunk but it is the willingness of the ruling party. Speaking at a party meeting here on Monday, former minister for irrigation T. Harish Rao accused Mr. Uttam Kumar Reddy of waiting for 'auspicious' time to switch on the motors of Kalwakurthy, when Andhra Pradesh had already started drawing water from Pothireddypad ...Read More >
HYDERABAD: Irrigation minister N. Uttam Kumar Reddy on Saturday directed officials to prepare a practical and scientific plan to ensure adequate irrigation for the Kharif season crops in the state. The minister said the plan must take into account current reservoir levels, inflows during this monsoon season, and the total ayacut that can be irrigated from each of the water sources. At a high-level meeting held at Dr B.R. Ambedkar Telangana Secretariat, Uttam Kumar Reddy said a clear and coordinated water release strategy must be in place based on real-time data, crop patterns, and the geograp ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce grown using natural and organic farming practices. The Chief Minister made these announcements ...Read More >
Patiala: Union minister for agriculture and farmers' welfare Shivraj Singh Chouhan visited Rajpura in Patiala district on Thursday as part of an ongoing initiative, Viksit Krishi Sankalp Abhiyan (VKSA), which is aimed at transforming Indian agriculture through direct farmer engagement and sustainable practices.At a 'Kisan Chaupal' in Gandia Kheri village, Chouhan emphasised on govt's commitment to formulating agricultural policies based on direct interactions with farmers rather than relying solely on bureaucratic inputs. " If scientists go to the ground, they'll know about the problem of farm ...Read More >
VIJAYAWADA: Civil Supplies Minister Nadendla Manohar has called upon rice millers in the State to be prepared to supply custom milled rice (CMR) with 10% broken rice to the Centre as part of the Centre's new procurement initiative. At a meeting held at the Civil Supplies Bhavan in Kanuru, Vijayawada, he said the pilot project undertaken in East Godavari, West Godavari, Konaseema and Eluru districts was successful, with 10,000 metric tonnes of paddy procured in compliance with Central norms. The Centre plans to procure 50 lakh metric tonnes of paddy from five States, including Andhra Pradesh, ...Read More >
Guwahati: In a critical humanitarian response, the Assam Rifles, in close coordination with the Indian Air Force (IAF), successfully carried out a joint relief mission -- Operation Sahyog -- on Friday. The Assam Rifles unit based in Aina, with air support from IAF helicopters, delivered essential supplies to 18 remote villages in Henglep sub-division in Manipur's Churachandpur district, which have remained completely inaccessible since July 17 due to multiple landslides triggered along NH-2.The mission involved airlifting of over six tons of essential rations -- including rice, pulses, and dai ...Read More >
MUMBAI, Aug 3 -- US President Donald Trump on Thursday slapped a 25 per cent tariff on Indian goods after prolonged talks that got bogged down over access to India's labour-intensive agricultural sector, which New Delhi has pledged to protect. Why is India opposing the products the US is lobbying for? The United States is pressing India to open its markets to a wide range of American products, including dairy, poultry, corn, soybeans, rice, wheat, ethanol, fruits and nuts. While India is willing to provide greater access for US dry fruits and apples, it is holding back on corn, soybeans, whe ...Read More >
Wheat is the unsung hero of African food, the secret sauce (or rather, secret grain) behind some of your favorite dishes. From the cloud-like deliciousness of Ethiopian injera to the satisfying Moroccan couscous, wheat is Africa's culinary backbone. This article features five mouthwatering dishes that highlight the versatility and tastiness of African wheat-based cuisine. Injera is a sourdough-risen flatbread with a slightly spongy texture, made from fermented teff flour. In Ethiopia and Eritrea, it serves not only as sustenance but also as a utensil for eating. The blend of teff flour and wa ...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 >
New Delhi [India], June 7 (ANI): As the Prime Minister Narendra Modi-led government completes 11 years of governance, India's agricultural sector has undergone a profound transformation over the years which is rooted in the philosophy of Beej Se Bazaar Tak (seed to market), while also championing inclusivity, supporting small farmers, women-led groups, and allied sectors, while making India a global agricultural leader, said a statement from the Ministry of Agriculture and Farmers Welfare (MoAFW). PM Modi also highlighted today about ensuring prosperity of farmers and also focussing on issues ...Read More >
New Delhi: The clock is ticking. Only a few days left before the July 9 deadline set by U.S. President Donald Trump. Hopes of a limited trade deal between India and the United States still linger. But the mood around the negotiating table feels anything but settled. The White House has publicly hinted that the deal is all but done. In New Delhi, officials have echoed a similar sentiment, calling the potential agreement "big, good and beautiful". Trump claimed it would open Indian markets to American goods. But behind closed doors, things remain tangled in tough back-and-forth. Key concerns h ...Read More >
Defying pollsters, exit polls, and predictions, the BJP scored a hat trick in Haryana, albeit with a narrow lead in the recent Assembly election. It formed a government on its own sans any ally, and Chief Minister Nayab Singh Saini assumed office for a second consecutive term with relative ease. But the euphoria did not last long. In the first Assembly session convened after the new government took over, the opposition, led by the Congress and the electorally diminished Indian National Lok Dal, attacked the government on the issue of fertilizer shortages in the sowing season. The government d ...Read More >
Koraput, Dec 6 (PTI) Thirty-six-year-old Raimati Gheuria, a tribal woman from Odisha's Koraput district who has conserved 72 varieties of traditional rice and 30 types of millet has been conferred with an honorary doctorate by Odisha University of Agriculture and Technology (OUAT) for her remarkable contributions to agriculture. President Droupadi Murmu conferred the honorary doctorate to Raimati at the 40th Convocation of OUAT on Thursday. Raimati of Nuaguda village in Koraput district, affectionately known as 'Mandia Rani' or 'Millet Queen', has been known for her relentless efforts in pre ...Read More >
CHANDIGARH: Union Minister for Agriculture and Farmers' Welfare and Rural Development Shivraj Singh Chouhan said that as the Indus Waters Treaty has been put in abeyance, efforts will be made to ensure that more water reaches farmers in Punjab, Jammu & Kashmir, Himachal Pradesh, Haryana and Rajasthan. He said that 80 per cent of water from the Indus river system was flowing into Pakistan. "Giving 80 per cent water to Pakistan at that time was not justified. Punjab, Haryana and Rajasthan require water and that water is ours. Now we will utilize that water for our farmers," said Chouhan. Chouh ...Read More >