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.
Mandya: Auto drivers in Mandya are facing severe difficulties as an ongoing shortage of LPG has disrupted operations at local auto fuel bunkers, impacting their daily livelihoods. Several fuel bunkers across the city have remained closed for days, with "No Stock" boards displayed outside, leaving drivers unable to refuel their vehicles and continue regular operations. Many drivers, who depend entirely on daily fares to sustain themselves and operate vehicles purchased on loans, have expressed growing anxiety over the uncertain situation. The shortage has been linked to escalating tensions and ongoing conflicts in Middle Eastern countries, which have affected LPG supply for both domestic and commercial purposes. Drivers said they are increasingly worried about sustaining their livelihoods, as many of them operate autos purchased on loans and depend entirely on daily earnings from fares. With bunkers closed, drivers have been forced to park their vehicles near fuel stations, waiting in vain for supplies to resume. Auto drivers are struggling to make a living without LPG. Bunker staff confirmed that the closures are due to an acute shortage of gas supply, adding that they are unable to provide a timeline for when operations will normalise. The ongoing crisis has forced drivers to look for alternative work to make ends meet, highlighting the growing hardships faced by the auto community in Mandya. Drivers have appealed to the government to intervene and ensure LPG supply resumes swiftly, emphasising that continued disruptions could severely impact their livelihoods and push many into financial distress. In the meantime, shipments of LPG are continuing to arrive in India. On Friday night, the India-flagged gas carrier Green Sanvi safely transited a strategic maritime chokepoint, carrying approximately 46,650 metric tonnes of LPG, according to official sources. This follows a previous shipment of 47,000 metric tonnes that arrived at the Vadinar Terminal in Gujarat on March 28 via the vessel MT Jag Vasant, which is scheduled for a Ship-to-Ship (STS) transfer at anchorage. Sources told that Indian Navy warships have been on standby to provide support to merchant vessels as the Centre continues negotiations with Iranian authorities to ensure safe passage amid a maritime blockade.
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 >
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. The awards were conferred to honour and recognise bravery, leadership, professional achievement and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...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 >
Visakhapatnam (Andhra Pradesh) [India], July 18 (ANI): The Indian Navy is set to commission Nistar, the country's first indigenously designed and built Diving Support Vessel, at the Naval Dockyard in Visakhapatnam on Friday, in the presence of Union Minister of State for Defence, Sanjay Seth. In a post on X, SpokespersonNavy stated, "#Nistar - India's first indigenously designed & constructed Diving Support Vessel, to be commissioned into to the #IndianNavy today, #18Jul 25, in presence of Hon'ble Raksha Rajya Mantri, Shri@SethSanjayMP." Also Read | Is 'Cat Riding Crocodile' Video Real or Fa ...Read More >
New Delhi [India], July 9 (ANI): The Keel Laying ceremony of the third Fleet Support Ships (FSS) of the Indian Navy was held at L&T Shipyard, Kattupalli on Wednesday. According to an official press release, the Indian Navy had signed a contract with HSL for the acquisition of Five Fleet Support Ships (FSS) in Aug 2023, with deliveries commencing mid-2027. The release also mentioned that Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition and senior officials from the Indian Navy were also present during this ceremony. Showcasing the strength of public-private partn ...Read More >
Bhubaneswar: All schools in Puri municipality will remain closed tomorrow on account of Navy Day celebration at Blue Flag Beach. The district administration has decided to keep all schools closed due to the President's visit to the Navy Day ceremony. The district administration has ordered the closure of all government and private primary, secondary and higher secondary schools in Puri municipality. Moreover, Mother's Public School, Prabhu Shree English Medium School, Chandra Shekhar Academy, St. Xavier School on the outskirts of the town will also be closed. However, the PARAKH exam conduct ...Read More >
Puri: Renowned international sand artist Manas Kumar Sahoo has created an impressive sand art display on the Golden Beach of Puri to commemorate Indian Navy Day. The artwork beautifully captures the essence of the Indian Navy and its significance, conveying the theme "The Crown Jewel." Spanning an impressive 20 feet in width and created using 10 tons of sand, this masterpiece took Sahoo a dedicated 7 hours to complete. Through his intricate artistry, he has depicted the story of the Indian Navy, showcasing its valor, dedication, and pivotal role in safeguarding the nation. The artwork stands ...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 >
New Delhi [India], June 28 (ANI): The Naval Investiture Ceremony, held at Nausena Bhawan, honoured several personnel of the Indian Navy with gallantry awards for their exemplary service. The awards were conferred to honour and recognise bravery, leadership, professional achievement, and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony, which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devotion to Duty), and seventeen Vishisht Seva Medals. On being conferred with the Nausena Medal (Ga ...Read More >
Itanagar: Commander Ronie Chowpoo, a native of Namsai district, has made history as the first officer from Arunachal Pradesh to command a frontline Indian naval warship in the Eastern Fleet. This important appointment, announced Saturday, marks a major milestone and is expected to inspire the youth of Arunachal Pradesh. Ready for a challenge? Click here to take our quiz and show off your knowledge! Commander Chowpoo, a first-generation Indian Navy officer, was commissioned into the executive branch of the Navy in 2008. He is a specialist in communication and electronic warfare, having serv ...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 >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Chennai, Jul 11 (PTI) The Keel Laying ceremony of the third Fleet Support Ships (FSS) for Indian Navy was held at the L&T Shipyard at Kattupalli here on Wednesday. The ceremony was held in the presence of Vice Admiral Rajaram Swaminathan, Controller Warship Production & Acquisition, and senior officials from the Indian Navy, Hindustan Shipyard Ltd HSL and L&T, a PIB (Defence) release on Friday said. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 11, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. It said the Indian Navy had signe ...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 >
HYDERABAD: In a major move aimed at reducing pollution and improving urban transport in Hyderabad, the Telangana government has approved the introduction of 65,000 new eco-friendly auto rickshaws within the city limits and the Outer Ring Road (ORR). The decision, driven by Transport Minister Ponnam Prabhakar and aligned with Chief Minister Revanth Reddy's vision, is expected to contribute to environmental sustainability and employment generation. The state issued GO No. 263 relaxing the long-standing cap on new auto rickshaw permits within Greater Hyderabad. For over two decades, restriction ...Read More >
New Delhi, Jul 1: The Indian Navy commissioned INS Tamal on July 1 at Yantar Shipyard in Kaliningrad, Russia. The stealth frigate, built under Project 1135.6, is the eighth in the series and second of the Tushil-class. It was inducted in the presence of senior Indian and Russian naval officials, including Vice Admiral Sanjay Jasjit Singh. INS Tamal is equipped with advanced Indian and Russian weapons systems, including the BrahMos missile and Humsa-NG sonar. With a crew of 276, the warship is designed for multi-dimensional blue-water operations and is set to join the Western Fleet. The ship ...Read More >
Mumbai, July 7 (PTI) After a 20-hour search operation involving multiple agencies, the "suspicious boat" spotted in the Arabian sea in Maharashtra's Raigad district has been identified as a fishing net buoy which was drifted into the Indian waters with an AIS transponder, police said on Monday. Considering the high alert situation, the sensitive operation has not been called off yet, said Raigad Superintendent of Police Aanchal Dalal. The Indian Coast Guard on Sunday night informed the police that the suspected Pakistani boat, "Muqadar Boya 99" with a boat number MMSI-463800411 was spotted n ...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: The government announced on Saturday that it would grant permits for 65,000 green autorickshaws to ply within the Outer Ring Road (ORR) limits. Permission has been granted for operating 20,000 electric autorickshaws, 10,000 fuelled by CNG, 10,000 by LPG and 25,000 retro-fitted electric three-wheelers. No permissions shall be given to petrol or diesel autorickshaws. Earlier, no new autorickshaws were delivered or sold to people unless they submitted a certificate issued by the transport department that they had scrapped their old vehicles. Government's special chief secretary Vikas ...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 >
New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10 grams in the previous market session. "Gold prices continue to cor ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
New Delhi, Jul 1 (PTI) The Indian Navy contained a fire on board a Palau-flagged tanker in the North Arabian Sea and ensured safety of 14 of the vessel's Indian crew members. The Navy swung into action and launched the fire-fighting operation after receiving a distress call from the vessel on Sunday. The vessel reported a major fire in its engine room while operating approximately 80 nautical miles east of Fujairah in the United Arab Emirates (UAE). "The Indian Navy undertook a high-risk fire fighting and rescue operation on-board Palau-flagged tanker MT Yi Cheng 6 on June 29 in the North A ...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 >
New Delhi, July 18 (SocialNews.XYZ) INS Nistar, the first indigenously designed and constructed diving support vessel, was commissioned into the Indian Navy in the presence of Minister of State (MoS) for Defence, Sanjay Seth, in Visakhapatnam on Friday, the Ministry of Defence said in an official statement. The ship, which is the first of the two diving support vessels being built by Hindustan Shipyard Limited, is designed to undertake complex deep sea saturation diving and rescue operations -- a capability select Navies possess across the globe. Lauding the Indian Navy and the indigenous sh ...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 >
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 >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combined with supply competition from new refiners, such as Dangote in Nigeria, and rising exports from Chi ...Read More >