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.
Bhubaneswar: The state govt's decision to ban the sale of 5kg LPG cylinders in open market has left many concerned, particularly migrant students who depend on this affordable and convenient cooking fuel option.Food supplies and consumer welfare minister Krushna Chandra Patra on Sunday announced that the unauthorised sale of the 5kg cylinders in the open market has been banned with immediate effect. Dealers have also been warned against illegally refilling such cylinders. "Open sale of these small cylinders was anyway illegal. We have directed all officials concerned to stop it from today (Sunday) onwards," he said.While the minister said the move is part of the govt's efforts to curb black marketing of LPG, those using them feel it could disrupt a crucial lifeline.In the twin cities of Cuttack and Bhubaneswar, a large number of migrant students live in rented accommodations and mess. For them, the 5kg cylinders have been a practical solution to cooking food.Abhishek Panda from Bhadrak, who is pursuing his final year graduation in Bhubaneswar, said many like him buy the 5kg cylinders from local kirana stores as they are cheaper and quicker to procure than the regular ones. He recently refilled his cylinder at one such store, where a larger 14kg domestic cylinder was used for the purpose."Before the war broke out, I used to refill my 5kg cylinder at the rate of Rs 110 per kg. When I went to refill two days ago, the rate had shot up almost three times to Rs 340. Students like us, who come from different districts, save every penny to study in the city. Refilling has already become expensive; how will we manage if these small cylinders are no longer available in the open market," he asked.Earlier in the day, the ministry of petroleum and natural Gas stated that the 5kg Free Trade LPG (FTL) cylinders are available at authorised LPG distributorship and can be purchased with any valid ID proof, without requiring address proof. However, students questioned the practicality of this option."For students, time and accessibility matter. Many of us are either studying full time or balancing studies with part-time jobs. It's easier to buy and refill a cylinder locally than waiting at an LPG agency," said another student, Manoranjan Rout.Officials defended the move, stating that the open market sale of the 5kg cylinders was largely unauthorised and prone to misuse.Asked whether the ban would affect students, the minister said those residing in institutional hostels would not face any issues as their food arrangements are taken care of.
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
Mumbai : Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India today unveiled and launched its much-awaited all-new 3 Generation Honda Amaze. This marks the global debut of the new generation Amaze in India, a key market for Honda globally and the first country to launch the new model. The all-new Amaze will be available at an introductory price range of Rs 7,99,900 - Rs. 10,89,900 (ex-showroom, Delhi); valid till 45 days from launch. The stylish and premium compact sedan has been designed to offer an OUTCLASS and delightful sedan experience that meets the aspirations ...Read More >
Guwahati, Feb. 7: Assam Chief Minister Himanta Biswa Sarma on Friday spoke about the state undergoing a major transformation in public education with more than 500 higher and higher secondary schools being upgraded. Taking to a microblogging website, the Chief Minister shared on Friday that the schools are being upgraded at ₹7-10 crore each. The Chief Minister also laid the foundation stone of a new block for the upgradation of the Palashbari Anchalik High School into a National Model School of Excellence under the PM SHRI scheme at Agchia, Majirgaon, Palashbari. Addressing the press on Fri ...Read More >
A statement issued by the Bijapur police said the incident took place in Somnapalli village under Farsegarh Police Station area of the district. According to the statement, the Maoists dragged 35-year-old Kudiyaam Mado out of his house and strangled him to death. Mado was the district vice president of Bharatiya Janata Kisan Morcha -the farmers' unit of the BJP. Police said that they have also recovered a pamphlet issued by the banned CPI (Maoist)'s Bijapur National Park Area Committee, in whic ...Read More >
Srinagar, Jan 8 (UNI) In a significant breakthrough, Srinagar Police dismantled a cross-border drug trafficking network, seizing 8 kilograms of heroin valued at Rs 30-32 crore in the international market, and arresting two key operatives. Senior Superintendent of Police (SSP), Srinagar, Imtiyaz Hussain Mir, revealed that initial investigations confirmed the narcotics were smuggled from Pakistan as part of a cross-border trafficking syndicate. The SSP detailed the operation, saying that a team from Police Post Qamarwari intercepted a vehicle at Barthana Crossing during a routine checkpoint. ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
Aizawl, June 2 (SocialNews.XYZ) All the government and private schools in Mizoram remained closed on Monday due to heavy rains that triggered landslides, rockfalls, and waterlogging in different parts of the mountainous state, officials said. A senior official of the School Education Department said that Deputy Commissioners of all 11 districts issued separate notifications closing the schools on Monday as a precautionary measure to ensure the safety of the students. After the beginning of the current spell of heavy rain, earlier, schools were closed across the state for two days on May 29 a ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >
Muzaffarnagar (UP), Dec 6 (PTI) A teacher who asked other students to slap a Muslim boy in a school here surrendered at a POCSO court and was released on bail, an official said on Friday. Tripta Tyagi was caught last year in a video asking children to slap a boy in a school where she taught. Additional District Judge (POCSO) Alka Bharti on Thursday granted her bail and ordered her to furnish two sureties of Rs 25,000 each. She posted the matter for further hearing on Friday. Kapil Ahlawat, Tyagi's lawyer, told PTI that Tyagi had surrendered in the Special POCSO court on Thursday and sought ...Read More >
Heavy rains across Tamil Nadu have led to school closures in several districts, including Chennai, on Thursday. The India Meteorological Department (IMD) has issued a yellow alert, predicting moderate rains and light thunderstorms in parts of the state. Rainfall figures show significant precipitation in multiple areas. Meanwhile, Northern India braces for a cold wave beginning December 9, with the IMD forecasting plunging temperatures in Rajasthan, Punjab, Haryana, and Uttar Pradesh.Schools acros ...Read More >
The Delhi BJP also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. In a recently-released video, the Delhi BJP has given a tour of the luxurious bungalow of AAP leader Arvind Kejriwal, where he lived while serving as the Chief Minister of the state. The party also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. Delhi BJP chief Virendra Sachdeva, who shared the video on X, called the Civil Lines bu ...Read More >
Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president January 20. At the interbank foreign exchange, the ...Read More >
Mangaluru, (Karnataka) Feb 5 (PTI) District in-charge Minister of Dakshina Kannada, Dinesh Gundu Rao, directed officials on Wednesday to install CCTV cameras on both sides of bridges along major highways and main roads to prevent 'illegal' activities. During an inspection of the strengthening work on the Addur Bridge along the Perali-Addur State Highway, Rao highlighted reports of sand mining near bridges weakening their structures. Also Read | Delhi Assembly Elections 2025: National Capital Records 57.89% Voter Turnout; Exit Polls Give BJP Edge Over AAP. He said that although extracting sa ...Read More >
Thiruvananthapuram: In his budget for 2025-26, Finance Minister K N Balagopal emphasised on technology, research, jobs, and education, positioning the state as a knowledge powerhouse. Here are key allocations and initiatives that could fuel the state's knowledge economy vision. Technology & AI * Rs 10 crore for establishing a world-class GPU cluster in Thiruvananthapuram to develop AI and AVGC (Animation, Visual Effects, Gaming, and Comics) industries. Unlike a CPU (Central Processing Unit), optimised for sequential tasks, a GPU (Graphics Processing Unit) excels at parallel processing, maki ...Read More >
The Amrit Bharat Station Scheme is a long-term project by the Indian Railways aimed at transforming more than 1,300 railway stations across the country. Prime Minister Narendra Modi is inaugurating 103 redeveloped Amrit stations across India on Thursday via video conferencing from Bikaner. The redeveloped stations are spread across 86 districts in 18 States and Union Territories and have been built at a cumulative cost of over Rs 1,100 crore, according to a release by the ministry of railways. ...Read More >
Mumbai, Jun 5 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to 8 hours from around 18 hours. Fadnavis described the Mumbai-Nagpur Samruddhi Mahamarg as an "engineering marvel" and said this "economic corridor" would play a vital role in the state's development. Fadnavis said by connecting the expressway with the proposed Vadhvan port, they are planning to develop it as an "economic corrid ...Read More >
New Delhi: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...Read More >
Bhubaneswar, June 5 (UNI) Odisha Chief Minister Mohan Charan Majhi on Thursday urged the people to resolve to end plastic pollution and maintain a healthy, clean environment. "Today, let us pledge to eliminate plastic pollution and create a healthier, cleaner environment for our citizens," Majhi said while addressing the state-level World Environment Day event. He noted that plastic has become an integral part of our lives, especially single-use plastics. Stressing that plastic waste must be ad ...Read More >
MahaRERA has so far issued 1,163 warrants worth ₹705.62 crore involving 442 real estate projects in Maharashtra. Of this, the MahaRERA has recovered around 29% or around ₹200 crore. Around ₹200 crore worth of compensation has so far been recovered from 283 recovery warrants issued to 139 real estate projects, MahaRERA said in a statement. Also Read: MahaRERA puts grading of real estate projects in Maharashtra on hold MahaRERA issues recovery orders against real estate developers in case of default in handing over possession of property to homebuyers. The execution of recovery warrants has to ...Read More >
Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75. During the day, it surged 701.02 points or 0.87% to 80,949.10. The NSE Nifty went up by 181.10 points or 0.75% to 24,457.15. From the 30-share Sensex pack, Adani Ports surged nearly 6%. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be available ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
FEROZEPUR: A Bolero pickup and a canter collided in Punjab's near village Mohan's Utaad, near Guru Har Sahai, District Ferozepur in the early hours leaving 9 dead and 11 people injured. At the time of the tragic accident, Bolero pickup was carrying waiters to a catering event, going from Guru Har Sahai towards Jalalabad. While, the injured people were taken to the hospital by the police with the help of passersby, the bodies of the dead were found scattered on the road. Although the police is investigating the whole matter, they suspect the accident happened when the pickup went out of contr ...Read More >
Mumbai: The rupee slumped to its all-time low of 84.76 (provisional) against the US dollar after dropping 8 paise on Wednesday amid a strengthening greenback and increase in crude prices. Forex traders said a positive trend in domestic equity markets and foreign fund inflows supported the local unit at lower level. At the interbank currency exchange, the rupee opened at 84.66 and traded in the range of 84.65-84.76. Eventually it settled at 84.76 (provisional), 8 paise lower than Tuesday's close of 84.68. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said, the rupee lost initial ...Read More >
Dehradun: A person, who completes his age of 59 years and 6 months, can now apply for an old age pension on the social welfare department's pension portal. The applicants will start receiving pension from the end of the month in which he completes the age of 60 years following the approval of his application form. This is meant to ensure that the elderly people can get the benefits of old age pension on time. The department launched a campaign to identify the eligible person for the pension According to Secretary, Social Welfare Department, Neeraj Khairwal, his department launched a month-l ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and Hindustan Unilever were the gainers. Foreign Institutional Investors (FIIs) offloaded equities wor ...Read More >
Imphal, Dec 17 (VOICE) With one more militant taken into custody, the number of arrests in connection with Saturday's killing of two migrant workers from Bihar has risen to eight, officials said on Tuesday.A police official said that a hardcore cadre of the banned Kangleipak Communist Party (People's War Group) (KCP-PWG) outfit, identified as Irengbam Rameshwar Singh, 48, was arrested from Kakching Lamkhai area under Kakching district on Monday night. The official said that a police team, acting on secret information, had earlier on Monday arrested seven militants of the KCP-PWG group from a ...Read More >
Nashik (Maharashtra) [India], June 5 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday said that the Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg will play an essential role in the development of the state. This highway will be a corridor of prosperity for the state. This highway will be connected to Vadhan Port shortly, and CM Fadnavis added it. Chief Minister Fadnavis said that land has been acquired for the Samruddhi Highway in record time. Due to this route, 24 districts of the state, including Vidarbha, Marathwada, and North Maharashtra, have been ...Read More >