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.
New Delhi, Apr 6: All Indian seafarers in the Persian Gulf region are safe, and no incident involving Indian-flagged vessels has been reported in the past 24 hours, the Ministry of Ports, Shipping and Waterways said on Sunday. According to the Ministry, 17 Indian-flagged vessels with 460 Indian seafarers are currently operating in the western Persian Gulf. The Directorate General of Shipping, in coordination with ship owners, recruitment agencies and Indian missions, is actively monitoring the situation. The Ministry said it continues to keep a close watch on shipping movements, port operations and the safety of Indian crew, while ensuring uninterrupted maritime trade. A 24x7 control room set up by the DG Shipping has handled 5,088 calls and 10,547 emails since its activation. In the last 24 hours alone, it received 73 calls and 122 emails. Authorities have also facilitated the safe repatriation of over 1,479 Indian seafarers so far, including 159 in the past 24 hours from various locations across the Persian Gulf. Port operations across India remain normal, with no congestion reported, according to State Maritime Boards of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh and Puducherry. The Ministry said it is working in close coordination with the Ministry of External Affairs, Indian missions and other maritime stakeholders to ensure the welfare of seafarers and continuity of operations. Separately, the Ministry of External Affairs said Indian missions and posts across the region remain in constant touch with the Indian community, issuing advisories and extending assistance where required. Earlier on Saturday, 345 Indian fishermen stranded in Iran returned home. The Indian Embassy in Tehran facilitated their travel from southern Iran to Armenia, from where they boarded flights to Chennai. The broader evacuation and travel situation from the Gulf region is also improving. Around 90 non-scheduled flights from the United Arab Emirates were expected to arrive in India on Sunday, while services from Saudi Arabia and Oman continue. Qatar's airspace has partially reopened, with 8 to 10 flights expected, though airspace in Kuwait and Bahrain remains closed. Flights are being rerouted via Dammam in Saudi Arabia. Travel from Iran is being facilitated through Armenia and Azerbaijan, while routes from Israel and Iraq are operating via neighbouring countries, including Egypt, Jordan and Saudi Arabia. Meanwhile, the mortal remains of an Indian seafarer who died in an attack on a vessel off the coast of Oman have been brought back, with authorities extending support to the bereaved family. The government said it continues to monitor the evolving situation in the Gulf and West Asia, with the safety and welfare of Indian nationals as its top priority.
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 >
IMAGE: India are scheduled to tour Bangladesh for a white-ball series in August. Photograph: Screengrab/X The India tour of Bangladesh, which was scheduled to be held in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, sources in the Board of Control for Cricket in India (BCCI) said. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India tour of Banglade ...Read More >
New Delhi, March 12 (SocialNews.XYZ) There is no fuel shortage, and India has sufficient crude oil stock at the moment, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday, adding that people should not spread rumours and avoid creating fake narratives. Speaking in Parliament, the minister stressed that the volume of energy in India is secure. "India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Thanks to Prime Minister Narendra Modi's outstanding diplomatic outreach and goodwill, India has secured crude volumes that ex ...Read More >
New Delhi [India], July 4 (ANI): The India tour of Bangladesh, which was scheduled to take place in August, is likely to be cancelled because of the situation prevailing in the country over the last few months, as per sources in the Board of Control for Cricket in India (BCCI). Also Read | Who Is The Current WWE Universal Champion? Does The Title Still Exist?. India is supposed to play a three-match ODI series from August 17, which will then be followed by a three-match T20I series, which will begin from August 26. Speaking about the India tour of Bangladesh, a BCCI source told ANI, "India ...Read More >
The Ministry of External Affairs said on Wednesday that India has "always stood" by its partners in the region as the first responder in times of crisis. In a statement, MEA also said that the BIMSTEC disaster management exercise has further strengthened cooperation in the Bay of Bengal region towards disaster preparedness, response and resilience. India hosted the 4th BIMSTEC Disaster Management Exercise virtually on July 14-15. What is the BIMSTEC Disaster Management Exercise? The BIMSTEC Di ...Read More >
New Delhi [India], October 17 (ANI): Rajya Sabha MP Vikramjit Singh Sahney on Thursday met Egyptian Minister of Foreign Affairs Badr Abdelatty in Delhi to discuss bilateral ties and regional developments. After the meeting, Sahney said, "Today, we had called upon the Foreign Minister of Egypt... Egypt and India are old friends... We appreciated Egypt's role in hosting the peace settlement between Israel and Hamas..." He also emphasised the economic potential between the two countries, stating, "On the trade and economic front, there's a big potential between the two countries..." Sahney fur ...Read More >
Bengaluru (Karnataka) [India], March 2 (ANI): Karnataka Chief Minister Siddaramaiah on Monday urged Prime Minister Narendra Modi to take swift measures to safeguard Kannadigas and other Indian nationals affected by escalating tensions in the Middle East region. In a post shared on X, Siddaramaiah said, "I have written to the Prime Minister seeking urgent action to safeguard Kannadigas and other Indians affected by the escalating Middle East tensions. I have urged strengthened diplomatic outreach, preparedness for special repatriation flights if required, and coordinated support through embass ...Read More >
Bhubaneswar (Odisha) [India], March 2 (ANI): Amid the escalating conflict in the Middle East, Biju Janata Dal (BJD) president Naveen Patnaik on Monday urged the Government of India to take immediate steps to ensure the safe evacuation of people from Odisha stranded in the region. In a statement, Patnaik said on X, "The escalating conflict in the Middle East has left many people from Odisha including migrant workers, professionals, students, tourists stranded. With disruption of air connectivity many people are facing grave uncertainty. Their safety and well-being are at risk, and they look to ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...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 >
New Delhi, March 2 (SocialNews.XYZ) Prime Minister Narendra Modi and his Canadian counterpart Mark Carney discussed ongoing global issues, including the current situation in Iran, the Ministry of External Affairs (MEA) said on Monday. While addressing a special briefing on Carney's visit to India on Monday, Secretary (East) in MEA, P Kumaran, stated that PM Modi, during the meeting, said that India is deeply concerned about the recent developments in Iran and the Gulf region. He mentioned that PM Modi has urged all sides to avoid escalation and follow the path of dialogue and diplomacy to de- ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs (MEA) on Thursday said that it is keeping a constant watch on developments in India's neighbourhood, especially in light of the recent trilateral meeting involving China, Pakistan, and Bangladesh. Speaking at a press briefing, MEA Spokesperson Randhir Jaiswal said, 'We maintain a constant watch on the developments in our neighbourhood that have a bearing on our interests and our security, our relations with individual countries, while they stand on their own footing, take into account the evolving context as well.' The meetin ...Read More >
New Delhi [India], June 27 (ANI): The Parliamentary Standing Committee on External Affairs will hold a meeting on Friday. During the meeting, the committee will record evidence of experts/non-official witnesses in connection with the examination of the subject 'Future of India-Bangladesh Relationship'. Congress MP Shashi Tharoor has been the chairperson of the Committee of the External Affairs since September 2024. India has strongly condemned the demolition of a Durga temple in Dhaka, criticising the role of the Muhammad Yunus-led interim government in allowing the destruction and projectin ...Read More >
India on Thursday reaffirmed its support for a two-state solution to the Palestine issue and said it will continue to strongly support all efforts towards a "durable and just peace" in the region. External Affairs Minister S Jaishankar also said that India has significant development cooperation with Palestine and it is committed to supporting its human resource development programmes and strengthen Palestinian institutions. This is not the first time India has discussed its stance. In July, In ...Read More >
New Delhi, Feb 2 (PTI) The Rashtriya Swayamsevak Sangh (RSS) on Monday called for peace in the world, saying battles should only happen for the good of humanity and truth, not for "selfish" reasons. Addressing an event here, RSS national publicity and media department head Sunil Ambekar also expressed concern over the safety of Indians stranded in various locations abroad due to the prevailing situation in West Asia. The senior RSS functionary's remarks came amid widening conflict in West Asia after the United States and Israel targeted Iran in coordinated attacks over the weekend that kille ...Read More >
Kochi (Kerala) [India], October 24 (ANI): 'Mahe', which is the first of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWC) being built by Cochin Shipyard Limited (CSL), Kochi, was delivered to the Indian Navy on Friday, as per a press release by the Ministry of Defence. 'Mahe', named after the historic port town in the Union Territory of Puducherry, symbolises India's rich maritime heritage. Also Read | Bihar Assembly Elections 2025: Election Commission Asks Parties To Disclose if Campaign Content Is AI-Generated. The vessel has been indigenously designed and constructed by CSL, re ...Read More >
Thiruvananthapuram, March 2 (SocialNews.XYZ) Chief Minister Pinarayi Vijayan on Monday expressed deep concern over the emerging crisis in the Gulf region, stating that the developments have caused widespread anxiety among Malayali families both abroad and in Kerala. More than 2.5 million Keralites are estimated to be residing in various Middle East countries. In a statement, Vijayan described the Gulf nations as a "second home" for Kerala, built on the hard work and dedication of lakhs of expatriates over several decades. "Every development in the Gulf resonates in the hearts of Malayalis a ...Read More >
New Delhi [India], June 26 (ANI): The Ministry of External Affairs clarified India's position on importing crude oil from Iran on thursday, stating that energy purchases are based on 'market factors and the prevailing global situation.' 'Our energy requirements, or the energy purchases we make, are based on market factors and the prevailing global situation,' MEA spokesperson Randhir Jaiswal said in THEIR weekly briefing. Further, the Ministry also expressed deep concerns about the situation in West Asia, including the Israeli attacks on nuclear scientists and certain universities in Iran. ...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) India has so far evacuated more than 4,400 Indian nationals from Iran and Israel in 19 special flights under Operation Sindhu launched on June 18 to bring home its citizens amid an ongoing conflict between the two countries, according to the Ministry of External Affairs (MEA). The evacuated Indian nationals included "more than 1,500 women and 500 children", the MEA said in a statement on Friday. Also Read | PM Narendra Modi To Begin 5-Nation Tour on July 2 To Strengthen Global Partnerships. "The government of India is deeply committed to the safety and well-being of ...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 >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
New Delhi: Prime Minister Narendra Modi may meet US President Donald Trump on the sidelines of the ASEAN Summit in Kuala Lumpur on October 26-27, if the American leader confirms his participation, according to reports. Modi is expected to travel to the Malaysian capital for the ASEAN-India Summit, which is held alongside the main ASEAN meet, and also attend the East Asia Summit where both India and the US are participants. Malaysian Prime Minister Anwar Ibrahim has already extended an invitation to President Trump. If the meeting takes place, it will be the first between the two leaders since ...Read More >
Direct flights have resumed between India and China after a five-year hiatus, the latest sign of warming relations between the world's two most populous countries. IndiGo flight 6E 1703 departed from India's Kolkata airport at 10pm on Sunday, touching down in the southern Chinese city of Guangzhou some three-and-a-half hours later. Flights between India and mainland China had been suspended since early 2020 at the onset of the Covid-19 pandemic and remained halted after a deadly clash on their ...Read More >
Kochi, Mar 11 (PTI) Prime Minister Narendra Modi on Wednesday attacked Congress and its leader Rahul Gandhi, alleging that he is unaware of the development happening in the country and accused the grand old party of playing politics over the West Asia crisis. At a BJP-led NDA rally here, Modi stated that Kerala's pattern of alternating between LDF and UDF governments must end for the benefit of the state. He urged the people of Kerala to give the BJP-led NDA a chance to serve them for the next five years as it comes with "Modi's guarantees". The PM said that people were ready to move away f ...Read More >
* Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks. * Two Indian tankers, Pushpak and Parimal, are safely transiting the strategically vital strait. * A Liberian-flagged tanker with an Indian captain cleared the strait and docked in Mumbai. Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Iran has dismissed reports claiming Tehran has allowed India-flagged tankers to pass through the Strait of Hormuz amid a worsening global energy ...Read More >
India and Iran have been in touch in recent days over issues related to maritime movement and energy security, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal said S Jaishankar and Iran's foreign minister had spoken three times recently. "Iran foreign minister and India's Jaishankar have had 3 phone calls in recent days to discuss safe passage of ships, energy security," Jaiswal said. India has been closely monitoring developments in West Asia as tens ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...Read More >
New Delhi [India], March 30 (ANI): A total of 8 Indian nationals have lost their lives in West Asia as the conflict in the Gulf region enters its second month. One person also remains missing, a senior official from the Ministry of External Affairs informed on Monday. The official added that the Indian mission in Kuwait is working closely with local authorities to ensure the early repatriation of the mortal remains of an indian national who lost his life in an attack in Kuwait. Aseem Mahajan, Joint Secretary (Gulf), made the remarks at the Inter-Ministerial briefing here in the national capit ...Read More >