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.
Nagpur: MOIL's latest provisional update reflects stable operational performance, with incremental gains in both production and sales during FY26. The company recorded total manganese ore production of 19.07 lakh metric tonnes for FY26, compared to 18.03 lakh metric tonnes in FY25. This increase indicates a gradual scaling of mining operations over the year. The consistent rise suggests operational stability and the company's ability to maintain output levels despite potential sectoral challenges. Annual sales for FY26 stood at 15.89 lakh metric tonnes, slightly higher than 15.87 lakh metric tonnes in the previous year. While the increase is modest, it reflects steady demand conditions and the company's ability to align production with market absorption. The near-flat growth in sales indicates a balanced approach between output and inventory management. For March 2026, MOIL reported production of 1.64 lakh metric tonnes, up from 1.59 lakh metric tonnes in March 2025. Monthly sales rose more sharply to 2.02 lakh metric tonnes from 1.56 lakh metric tonnes a year earlier. The stronger sales figure compared to production suggests inventory drawdown or improved dispatch efficiency during the month. The overall data points to a steady operational trajectory, with incremental gains rather than sharp fluctuations. The company's ability to maintain production growth while keeping sales stable highlights disciplined execution. This consistency is particularly important in commodity-driven sectors, where demand cycles and pricing can impact performance. MOIL's provisional figures indicate a year of stable progress, with both production and sales maintaining upward momentum. The improvement in monthly performance toward the end of the year also suggests a positive finish to FY26. The company appears to be focusing on sustaining output levels while ensuring steady market offtake, positioning itself for continued operational stability in the coming periods.
Berhampur (Odisha), Jun 6 (PTI) Environmental activist Medha Patkar on Saturday appealed to the people of Odisha for protection of Rushikulya river. The government planned to construct a dam in the river Pipalapnaka under Sorada block in the district. While participating in the Save Rushikulya river movement in Ganjam district, she said, "Rivers may be small or big, but they are our mother. We have to protect the rivers from attacks." She attended a meeting were organised by the Rushikulya Banchao Kriyaanusthan Committee (RBKC) and the Centre for Climate Justice, spearheading the agitation a ...Read More >
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports. A large part of it is palm oil and its derivativ ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important for the country, whether it is a question of livelihood, employment, contribution to the economy or ...Read More >
Rajamahendravaram: As part of World Environment Day celebrations, a major initiative to plant 4 lakh saplings across the district has been launched, district collector P Prasanthi announced on Thursday. She called on everyone to protect these saplings for the benefit of future generations. The main event was held at the Government Arts College campus in Rajahmundry under the aegis of the Forest Department, where the district collector participated as the chief guest. Chief Conservator of Forests BNN Murthy and other senior officials were also present. Speaking on the occasion, collector Prasa ...Read More >
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height of 359 metres from Chenab river, which means it is 29 metres higher than the Eiffel Tower of Paris, w ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...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 [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 >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
New Delhi, Jun 30 (PTI) Hyderabad-based textiles manufacturer Filatex Fashions on Monday said its revenue rose by 7 per cent to Rs 191.65 crore in 2024-25 on the back of export orders. The textile and fashion manufacturing company's total income increased to Rs 191.65 crore in FY25 from Rs 179.02 crore in FY24, marking a 7 per cent growth, a statement said. Filatex Fashions said its mining subsidiary, Filatex Mines and Minerals, in the last fiscal secured its first major export order worth USD 35 million (Rs 293 crore) from Bloomflora Ventures Ltd for the supply of 2,97,388 metric tonnes of ...Read More >
Hyderabad: With the early onset of pre-monsoon showers, farmers across Telangana have started their agricultural activities ahead of schedule. However, the agriculture department is facing strong criticism for failing to provide adequate fertilizers and seeds necessary for the current season. According to officials, there is a significant shortfall in the availability of essential inputs like urea and cotton seeds, which may negatively impact crop planning and productivity across the state. Also Read: Madhuri Dixit Recalls 'Hum Aapke Hain Koun' Magic with Salman Khan as Monsoon Arrives For ...Read More >
New Delhi [India], June 7 (ANI): As the Prime Minister Narendra Modi-led government completes 11 years of governance, India's agricultural sector has undergone a profound transformation over the years which is rooted in the philosophy of Beej Se Bazaar Tak (seed to market), while also championing inclusivity, supporting small farmers, women-led groups, and allied sectors, while making India a global agricultural leader, said a statement from the Ministry of Agriculture and Farmers Welfare (MoAFW). PM Modi also highlighted today about ensuring prosperity of farmers and also focussing on issues ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...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 [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs ... New Delhi [India], May 2 : Indian Farmers Fertiliser Cooperative (IFFCO) posted a record Profit After Tax of Rs 3,053 crore during the just concluded financial year 2022-23 (April-March), which is a 61 per cent increase on a yearly basis. In a year ago period, it recorded a net profit of Rs 1,884 crore. The rise in profits in 2022-23 could be largely attributed to a rise in nano fertilisers and its efficient energy consumption initiatives. With two more Nano Fertilizer Plants ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dome ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
Bhubaneswar: In response to the ongoing supply issues with West Bengal, the Odisha government has announced an ambitious plan to cultivate potatoes on 15,023 hectares of land. Deputy Chief Minister KV Singh Deo outlined the initiative during a recent Assembly session, emphasizing the need to boost local production to mitigate the impact of the supply disruption. The Deputy CM highlighted that steps have been taken to increase potato production in key districts such as Cuttack, Kandhamal, Keonjhar, Sundargarh, and Koraput. These districts are known for their favorable conditions for tuber cul ...Read More >
CHENNAI: PMK president Anbumani Ramadoss has alleged that paddy bags worth Rs 840 crore have been damaged during the last 5 years due to insufficient infrastructure in storage facilities and urged the government to take appropriate measures. In a statement, Anbumani said that the details have been revealed in a reply to an RTI application. "Between 2019-20 and 2023-24, as much as 1.25 lakh tonnes of paddy and rice bags were damaged each year. The state civil supplies corporation has not disclosed the complete details," he added. Saying that the farmers are also suffering due to the lack of s ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that made me and the ones still on my way. Thank you for all your love and wishes Instafam. #Gratitude #lo ...Read More >
Bhubaneswar, June 8 (SocialNews.XYZ) Odisha Chief Minister Mohan Charan Majhi on Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One year ago, the people of Odisha, placed their faith in us, to build a future, that is inclusive, asp ...Read More >