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.
Ranchi: Residents continued to queue up outside LPG distributors on Sunday in the hopes of securing a cylinder, even as the Ranchi district administration directed oil companies to ensure home delivery to consumers and prevent black-marketing of cylinders.Deputy commissioner Manjunath Bhajantri on Saturday convened a meeting with senior officials and representatives of oil and gas companies to ensure availability of LPG and directed to ensure that no customer has to visit godowns and depots of distributors to collect cylinders."If any individual, whether a gas agency operator or an employee, is found engaging in black-marketing or sale of cylinders at inflated prices, FIRs will be immediately lodged against them, and strict legal action will be initiated," the DC said.Despite the warning, residents standing in queues on Sunday alleged that they were forced to visit LPG distribution centres after waiting for 10-15 days post-booking for delivery. Many said they were left with no option but to stand in queues for hours so that they can secure a cylinder.Bablu Oraon, a consumer waiting in front of an LPG distributor in Chutia area, said that he had booked a cylinder 15 days back. "I booked a cylinder on March 20, but have not got one delivered even after 15 days. I have been regularly visiting the distributor, but didn't get a satisfactory reply on what is causing the delay in delivery," he said.At Netaji Nagar locality in Kantatoli area, around 100 people queued up on a road throughout Saturday night to get cylinders, after failing to get their delivery more than a week after booking.Residents of Netaji Nagar alleged that their LPG distributor never delivered cylinders at their homes and asked for exorbitant money for delivery since the LPG supply disruption started."We have queued up from around 10 pm on Saturday. Despite the district administration assuring that there is no shortage of LPG cylinders, why is our distributor not delivering on time? Moreover, the distributor asked for Rs 1,500 for a cylinder whereas the actual price is Rs 970," an octogenarian resident of Netaji Nagar said on the condition of anonymity.Bhajantri also directed to deploy police teams and magistrates to control unnecessary queues outside LPG godowns.Emphasising on the possibility of disruption in LPG supply in the coming days, the DC urged consumers to refrain from panic booking and book strictly within their allotted limits to ensure that order is maintained and that cylinders remain available to all consumers.In a related development, district officials seized nine commercial LPG cylinders from a dhaba at Irwa village under Ormanjhi police station limits. The shop owner, who was allegedly running an illegal cylinder refilling unit, absconded.The district administration has appealed to the public to inform if they come across any case of black-marketing, illegal storage or refilling of LPG cylinders.
New Delhi, Jul 3 (PTI) HDFC Bank CEO and MD Sashidhar Jagdishan on Thursday moved the Supreme Court challenging an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. Senior advocate Mukul Rohatgi, appearing for Jagdishan, mentioned the matter for urgent listing before a bench of Justices M M Sundresh and K Vinod Chandran. The bench said the matter would be listed for hearing on Friday. "This is an urgent matter. I request for listing tomorrow on behalf of the HDFC bank and ...Read More >
Mumbai, Jun 26 (PTI) Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took ...Read More >
Mumbai: The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday. "The rupee recovered towards closing yesterday (Monday) after falling due to heavy d ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Bhubaneswar: Authorities imposed Section 163 of Bharatiya Nagarik Suraksha Sanhita (BNSS) at AIIMS-Bhubaneswar Saturday night and declared the hospital ward area a prohibited zone after tensions escalated over the treatment of a teenage girl who was set on fire in Odisha's Puri district. The Commissionerate Police directed the protestors to vacate the hospital premises, and three platoons of police forces were deployed to maintain law and order. The move came amid a brawl between BJP and BJD workers over the incident. Earlier in the day, the hospital's medical superintendent had urged the pu ...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: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
New Delhi: A 19-year-old woman is fighting for life after consuming acid at her residence in southwest Delhi's Vasant Kunj. Her family alleged that she was sexually exploited for a few years by a 25-year-old man under the pretext of a marriage. He has been arrested.On June 18, police were informed by a hospital about the suicide attempt. A police team collected the medical documents from the hospital, which declared the survivor as unfit to give a statement.The police team also inspected the house and seized the acid bottle. A preliminary inquiry revealed that the teenager was in a relationshi ...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 >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite repeated calls for relief. This marks the fourth price cut since March 2025, when commercial LPG saw a ...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 >
Kolkata: Monojit Mishra, the main accused in the June 25 law student gang-rape case, before leaving the college after committing the crime had asked a few of his trusted aides to stay back on the campus and keep a watch on Kasba Police Station about a kilometre away through the night. He and co-accused Pramit Mukherjee and Zaib Ahmed left around the same time as the survivor, who was picked up by her father.Senior officers investigating the case also revealed that Monojit had called up a college official the next morning -- this official has claimed the discussion was "confined to college-rela ...Read More >
MUMBAI: Three judges of the Bombay high court (HC) have recused themselves from hearing a plea filed by the chief executive officer (CEO) and managing director (MD) of HDFC Bank, Sashidhar Jagdishan, to quash a First Information Report (FIR) registered against him at Bandra police station on June 8, based on a complaint by the Lilavati Kirtilal Mehta Medical Trust. The Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, had alleged that Jagdishan had accepted kickbacks worth ₹2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group, erstwhile t ...Read More >
New Delhi: Bringing the much needed relief to the common man, Oil marketing companies have revised the prices of commercial LPG gas cylinders effective from 1 July 2025. The rate of a 19 kg commercial LPG gas cylinder has been reduced by Rs Rs 58.5 effective today. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder is Rs 1,665 from today. However, the prices of domestic LPG cylinders will remain unchanged. Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 last year. It is important t ...Read More >
NEW DELHI: The Supreme Court on Friday refused to entertain the plea of HDFC Bank CEO and MD Sashidhar Jagdishan seeking quashing of FIR lodged against him for cheating and fraud by Lilavati Kirtilal Mehta Medical Trust, as it noted that the Bombay High Court is scheduled to hear his plea on July 14.A bench of Justices PS Narasimha and R Mahadevan said that it hopes and trusts that the matter will be taken up on July 14 for hearing. It further observed that it was improper on the part of the Supreme Court to intervene when Jagdishan's petition was listed before the Bombay High Court on July 14 ...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 >
Bokaro: A 36-year-old man stabbed his wife following a heated argument at the latter's paternal home in a Giridih village late on Wednesday night. As Meena, 32, succumbed to her injuries on the spot, her enraged family members lynched her husband Chotelal Hansda. The incident took place in Lukaiya village under Mufassil police station limits, the police said on Thursday. Chotelal and Meena have a six-year-old daughter.The police on Thursday evening said a few people, including family members of Meena and neighbours, were detained for questioning. However, formal arrests were not made till late ...Read More >
New Delhi: Oil companies on Tuesday slashed the price of commercial LPG cylinders by ₹58.5 with effect from July 1. A 19-kg commercial cylinder now costs ₹1,672 in Kochi and ₹1,693 in Thiruvananthapuram. This marks the fourth consecutive reduction in commercial LPG prices. Rates were earlier cut by ₹24 on June 1, ₹14.50 on May 1, and ₹41 on April 1--amounting to a total reduction of ₹138 since April. However, in a contrasting move, the price of aviation turbine fuel (ATF) was hiked sharply by ₹6,271.5 per kilolitre, or 7.5%, bringing the price in Delhi to ₹89,344.05 per kl. This reverses a t ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...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 >
Aryan Meena, who lived in the Dausa district of Rajasthan state, was trapped in the narrow well for three days after falling into it while playing on Monday afternoon. The boy, wearing pants and a t-shirt, had to endure plummeting winter temperatures inside the well as well as hunger and thirst. Children and even adult people dying from falling into open borewells is not uncommon in rural India where they are dug to pump water for irrigation and drinking and left abandoned after they run dry. ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Mumbai, Jul 8 (PTI) The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. Also Read | US-Based Indian Family of 4 Members From Hyderabad Killed As Speeding Mini Truck Collides With Car in Dallas. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to ...Read More >
New Delhi [India], July 15 (ANI): The Enforcement Directorate (ED) on Tuesday attached six immovable properties worth Rs 4.18 crore owned by Spectrum Infraservices Pvt Ltd -- a company owned and controlled by former MP from Uttar Pradesh's Ghosi constituency, Atul Rai, and and Jitender Sapra, a close aide of slain gangster-turned-politician Mukhtar Ansari, the agency said. The attached properties include one residential apartment in New Delhi, three residential plots in Varanasi, and two agricultural lands located in Ghazipur, Uttar Pradesh. Also Read | Pithoragarh Jeep Accident: Uttarakhand ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name registered in the history books. If he manages to end the drought of 58 years, he will become the first Indi ...Read More >
New Delhi, July 12 (SocialNews.XYZ) Slamming the previous AAP government for showing little interest in projects funded by the Centre, Delhi Chief Minister Rekha Gupta on Saturday said that cleaning the Yamuna, providing tap water to all households and beautifying the city are her top priorities. "Arvind Kejriwal showed no interest in carrying out development despite the central government's willingness to provide crores of rupees. Nothing was done to clean the Yamuna," said CM Gupta, while addressing a gathering at the launch of a power sector project in north Delhi. She launched the Rs 8 c ...Read More >
An explosion in Morena city, Madhya Pradesh, led to the collapse of three houses, resulting in the death of four women and injuries to five others. Suspicions arise regarding the cause, potentially involving gunpowder, with an investigation underway to confirm the facts. In a tragic incident late Monday night, an explosion in Morena city, Madhya Pradesh, led to the collapse of three houses, resulting in the death of four women and injuries to five others, police reported. The catastrophic event occurred in the city's Rathore Colony area, Superintendent of Police Sameer Saurabh confirmed. Eff ...Read More >
Jaipur: Two workers died while five others are feared trapped after soil caved in during pipeline excavation work in Rajasthan's Bharatpur on Sunday morning, police said. According to officials, some labourers were filling a 10-foot-deep trench dug to lay a pipeline near Jangi ka Nagla village when the soil caved in. Twelve workers got trapped under the soil. Upon hearing the cries, other labourers and project staff started rescue attempts, but the depth and heaviness of the soil made immediate efforts difficult, they said. District administration, police and disaster management teams reach ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >