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: Just a few days after a staffer from Minister Narhari Zirwal's office was arrested in a bribe case, a high-ranking official from the Finance and Planning Department was arrested while accepting a bribe in Maharashtra on Sunday. According to reports, the official Vilas Lad was caught red-handed while accepting a bribe of Rs 6,37,000 to facilitate the approval of funds. Acting on this matter, the Anti-Corruption Bureau (ACB) conducted an operation in the Kharghar area and arrested him. Officials said, Lad demanded a bribe to facilitate the approval of pending funds. The concerned individual lodged a complaint with the ACB, alleging that Lad had obstructed official work and demanded a bribe. Acting on this complaint, the ACB laid a trap in the Kharghar area on Sunday and arrested Lad while accepting the bribe. In February, a clerk in NCP minister Narhari Zirwal's office was caught red-handed by the ACB while taking a bribe. The ACB had raided Zirwal's office in Mantralaya, where the clerk Rajendra Dhengare was caught taking a bribe of Rs 50,000. The ACB later sealed the office of the minister and initiated a probe into the money trail. However, Zirwal denied any hand in the matter saying he will not defend or protect anyone. "If the person is guilty, then the ACB is free to take action against that particular person. Besides, I also wish to clarify that I have nothing to do with that person and his demand of a bribe. The incident is wrong," the NCP minister said, adding that if corruption charges against him are proved, he is ready to resign.
OCCRP had published news articles against Adani; BJP MP Sambit Patra calls Rahul 'traitor of highest order' After a hiatus of two days, the Winter Session of Parliament plunged into chaos again Thursday, this time due to the ruling BJP targeting Leader of the Opposition Rahul Gandhi and the Congress, accusing them of being part of a plan to "derail" India's economy and "disrupt" its democracy. Senior BJP MP Nishikant Dubey raised the matter in the Lok Sabha, alleging that a "dangerous triangle" ...Read More >
Bhubaneswar: The Vigilance department arrested a junior clerk on Tuesday, a day after she was caught accepting a bribe of Rs 20,000 at the office of the Sub Registrar here. The woman, the junior clerk in the office of the Sub-Registrar of Khandagiri in Bhubaneswar, has been placed under arrest by the Odisha Vigilance department and will be forwarded to the court. "She was arrested for demanding and accepting a bribe of Rs 20,000 from a person for the execution of a registered sale deed (RSD) of subplot," an official statement said. She was detained on Monday and arrested on Tuesday. A case wa ...Read More >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...Read More >
New Delhi [India], January 31 (ANI): Bharatiya Janata Party (BJP) candidate Parvesh Verma on Friday filed a complaint with ACB against Aam Aadmi Party leader and former Delhi Chief Minister Arvind Kejriwal, alleging corruption concerning Delhi Sports University (DSU). Verma, who is contesting Delhi polls from the New Delhi seat against Kejriwal, in his complaint alleged "corrupt misappropriation of public funds" through "the abuse of official positions to gain wrongful benefits". The complaint has been filed with the Anti-Corruption Branch (ACB) of the Delhi government. Verma's advocate, Vi ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Mumbai: The Central Bureau of Investigation (CBI) has arrested a junior engineer working in the office of the Assistant Garrison Engineer (AGE) at the Naval Officers Family Residential Area (NOFRA), in Navy Nagararea of Colaba, for demanding and accepting a bribe of Rs 4.5 lakh from a contractor to clear a pending bill of Rs 40 lakh. About The Case The accused Dinesh Pandey was caught red-handed while accepting the bribe in the presence of AGE RS Thakur. The bribe amount was later recovered from a cupboard in Thakur's chamber. Pandey was produced before a special CBI court and remanded to cu ...Read More >
Ludhiana, Jun 7 (PTI) BJP national general secretary Tarun Chugh on Saturday said the Election Commission (ECI) should immediately ban AAP leaders facing criminal charges from campaigning for the upcoming bypoll to the Ludhiana West Assembly seat. Taking strong exception to AAP leaders Arvind Kejriwal and Manish Sisodia - both accused in the Delhi excise policy case - campaigning for the by-election, Chugh demanded that they be prohibited from entering the constituency. The bypoll to the Ludhiana West Assembly seat will take place on June 19 and the results will be out on June 23. The seat f ...Read More >
Bengaluru: The high court has refused to quash proceedings in a rare "reverse trap" bribery case, where a govt officer was caught allegedly returning a bribe to the complainant.Justice M Nagaprasanna dismissed the petition filed by AB Vijaya Kumar, former special land acquisition officer-II of the Karnataka Industrial Areas Development Board (KIADB) and currently a joint director in the department of municipal administration.The case pertains to a complaint filed by one Bhagath Singh Arun, who alleged that Vijaya Kumar demanded Rs 5 lakh to issue a no-objection certificate (NOC) in connection ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Raipur: Chhattisgarh chief minister Vishnu Deo Sai on Tuesday, January 14, announced an aid of Rs 10 lakh to the kin of journalist Mukesh Chandrakar, who was murdered in Bijapur district earlier this month. Talking to reporters at the helipad in police lines, Sai said a building will be constructed for scribes and named after the slain journalist. Sai said, "The deceased journalist's family will be given Rs 10 lakh assistance. A building will be constructed for journalists, and it will be named after him." 33-year-old freelance journalist Mukesh Chandrakar went missing on January 1. His body ...Read More >
New Delhi, January 31: Prime Minister Narendra Modi on Friday said that the new BJP government will probe all corruption cases against the 'AAPda' government to bare its 'kuccha chittha' (dubious deals) and vowed to rid the city of 'loot aur jhooth ki Aapda' (disaster of lies and loot). Addressing an election rally in Dwarka ahead of the February 5 Assembly polls, PM Modi said after the BJP government is formed, an Assembly session will be called to table the CAG report to expose the financial lapses of the 'AAPda' government. "Jinhone Dilli ko loota hai, unhe lotana hi parega (Those who have ...Read More >
New Delhi, Jun 6 (PTI) Former Delhi minister Satyendar Jain was questioned by the Anti-Corruption Branch (ACB) for over five hours on Friday in connection with a graft case related to the construction of classrooms in city government schools under the previous AAP dispensation. Sources said Jain was evasive in his replies and might be called for questioning again. Jain, who was the Public Works Department (PWD) minister in the AAP government, termed the case "politically motivated". According to the sources, Jain was given a written questionnaire with 29 questions. "He tried to put the bla ...Read More >
Mumbai, Jun 6 (PTI) A special CBI court on Friday remanded a junior engineer at Garrison Engineer office in Mumbai's Navy Nagar to police custody till June 9 in a bribery case. Dinesh Pandey was arrested by the Central Bureau of Investigation on Thursday for allegedly accepting a bribe of Rs 4.5 lakh from a contractor to clear a building repair bill. The CBI told court Pandey was caught red-handed and the bribe amount of Rs 3.4 lakh was recovered from a cupboard in his office in Naval Officers Family Residential Area (NOFRA) here. The CBI sought five-day custody of Pandey citing the need to ...Read More >
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Mumbai (Maharashtra) [India], December 15 (ANI): Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adani undermines his claims of zero tolerance towards corruption. "Ask your 56-inch ...Read More >
Bengaluru, Dec 15 (VOICE) Former Minority Commission Chairman Anwar Manipaddy on Sunday refuted the bribery charge levelled by Chief Minister Siddaramaiah, saying the Congress leaders have been offering him bribes to suppress the Waqf encroachment report. CM Siddaramaiah on Saturday alleged that BJP state president B.Y. Vijayendra "tried to bribe" the former Minority Commission Chairperson during the previous government with Rs 150 crore to suppress a probe into the Waqf property encroachment. Speaking to the media, Anwar Manipaddy stated that if Chief Minister Siddaramaiah has any genuine co ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
NEW DELHI: Former Delhi minister Satyendar Jain on Friday appeared before the Anti-Corruption Branch (ACB) for questioning in connection with an alleged corruption case concerning the construction of classrooms in government schools. Jain had been summoned by the ACB to appear for questioning. Before heading to the ACB office, he maintained that the previous AAP government had prioritised education in the city, unlike the present BJP-led administration. "The previous AAP government in the national capital worked towards improving the city's education, while the current BJP government is only ...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: Shiv Sena (UBT) MP Sanjay Raut on Sunday launched a scathing attack on Prime Minister Narendra Modi's speech in Lok Sabha, where he emphasized zero tolerance towards corruption. Raut questioned PM Modi's sincerity, pointing out the presence of allegedly corrupt leaders within the BJP, such as Ajit Pawar and Eknath Shinde. Raut's criticism also extended to PM Modi's relationship with business magnate Gautam Adani, implying that the Prime Minister's tolerance of Adani undermines his claims of zero tolerance towards corruption. Statement Of Shiv Sena-UBT Leader Sanjay Raut "Ask your 5 ...Read More >
Thane: Nationalist Congress Party (NCP-SP) MLA Jitendra Awhad said the govt should request all laadki bahin beneficiaries to contribute Rs 50 to the state if it is unable to provide eggs to over 24 lakh govt and aided school students through their midday meal schemes due to financial constraints. Awhad made this scathing remark at the state on Friday after staging a peaceful protest at the Thane collector office, where he presented a set of sugar and eggs to the administration as a symbolic protest against the govt plan. "Govt data shows the annual cost of providing eggs to students is just ...Read More >
Lucknow: Central Bureau of Investigation (CBI) apprehended Rehmat Ali, a recovery agent with Prathma UP Gramin Bank in Rampur, for allegedly demanding and accepting a bribe of Rs 20,000 from a complainant.According to officials, CBI registered case on Jun 4, against Ali and unknown public servants based on allegations that the accused demanded illegal gratification to facilitate the processing of a Rs 4 lakh insurance claim. Ali reportedly assured the complainant that he could influence the bank's branch manager to expedite the claim in return for the bribe. Following verification of the compl ...Read More >
NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of ant--dowry lawy. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. Also Read | Atul Subhash Suicide Case: 4 People ...Read More >
The agency has now moved a fresh plea for their remand in the court, saying the duo need to be interrogated about alleged involvement of other senior officials of NCLT in the bribery case. The CBI has approached a city court seeking custody of deputy registrar of the National Company Law Tribunal (NCLT), Mumbai bench, arrested for allegedly demanding and accepting a bribe of Rs 3 lakh from a businessman for helping to favourably settle ownership dispute of a hotel. The CBI on May 29 arrested de ...Read More >
MUMBAI: The case of Bengaluru Techie Atul Subhash who died by suicide citing alleged harassment by his estranged wife has opened up a debate on misuse of anti dowry law. Mumbai-based lawyer Abha Singh described the case as a 'gross misuse of law,' stating that false charges and harassment led to the death of the victim, suffering from harassment from his wife and in-laws. Lawyer Abha Singh also emphasized that the misuse of dowry laws could ultimately deny justice to those who genuinely need protection. "Dowry laws, being made to protect women should not be misused because if some women are ...Read More >
New Delhi, Jan 31 (PTI) Prime Minister Narendra Modi Friday launched a sharp attack on the Aam Aadmi Party, accusing it of stalling Delhi's development while treating the city as its "political ATM" to fund its ambitions in other states and using the "looted" money for its own publicity. Addressing a public rally in Dwarka here, he urged people to vote for the BJP in the Assembly polls and allow him to serve them. Modi stressed that Delhi does not need a confrontational government but one that works in coordination with the Centre. The prime minister urged voters to elect a "double-engine go ...Read More >
New Delhi, May 21 (SocialNews.XYZ) The Supreme Court on Wednesday refused to entertain a plea seeking criminal prosecution of Justice Yashwant Varma, who is embroiled in a controversy surrounding the alleged discovery of a huge pile of burnt cash in the storeroom attached to his bungalow in the national capital after the fire brigade had gone there to douse a blaze on March 14. "There was an in-house inquiry report. It has been forwarded to the President of India and the Prime Minister of India for action. If you are seeking a writ of mandamus, you have to first make a representation to those ...Read More >
RS Bharathi further alleged that ED has become a "blackmailing organisation," and referred to instances of the agency's officials arrested by the state police of Tamil Nadu and Kerala over bribery allegations The Supreme Court staying the ED probe against state-run TASMAC in Tamil Nadu is a "big blow" to the BJP's efforts to malign the party-led government in the state and the central probe agency was a "blackmailing organisation," senior DMK leader R S Bharathi said on Thursday. Responding to ...Read More >