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: C Shikha, Joint Secretary in the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution, on Monday said that India has an adequate buffer stock of food grains, well above the prescribed norms. She stated that the country currently has around 222 lakh metric tonnes (LMT) of wheat and approximately 380 LMT of rice, taking the total food stock to about 602 LMT. "We have adequate buffer stock of both wheat and rice, three times the buffer stock norms, which is there. For wheat, we have around 222 LMT. For rice, we are having around 380 LMT. So put together, around 602 LMT of food stocks are available with us. This is quite enough to take care of the PDS requirement, as well as any emergency requirement, if any," Shikha said while addressing a press briefing here. Shikha further noted that imports from key partners such as Indonesia, Malaysia, Russia, Ukraine, Argentina and Brazil have continued steadily, contributing to overall supply stability. She added that improved mustard production has also strengthened domestic availability, particularly in the edible oil segment.
Guwahati (Assam) [India], July 1 (ANI): Assam has set a new record in paddy procurement by procuring nearly 7 lakh MT of paddy during the Kharif Marketing Season (KMS) 2024-25. Assam Chief Minister Himanta Biswa Sarma on Tuesday said, 'We are proud to announce the successful conclusion of Kharif Marketing Season (KMS) 2024-25 with a record paddy procurement of 6.97 lakh MT -- the highest ever.' In Kharif Marketing Season (KMS) 2022-23, the state procured 5.92 lakh MT of paddy, and in 2023-24, the state procured 3.14 lakh MT of paddy. 'This remarkable achievement reflects our commitment to e ...Read More >
New Delhi [India], July 8 (ANI): The cost of home-cooked meals eased in June as compared to the same month last year, driven by a sharp correction in vegetable prices, according to the Crisil Intelligence report. In the monthly report titled 'Roti Rice Rate', the average cost of a vegetarian thali (Plate) declined by 8 per cent year-on-year (YoY), while the cost of a non-vegetarian thali was down nearly 6 per cent. The decline in vegetarian thali prices was primarily attributed to a significant drop in key vegetable prices, which had spiked the previous year due to adverse weather and crop d ...Read More >
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, i ...Read More >
Hong Kong: Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where the quality is perceived to be more reliable, Radio Free Asia reported. A shopper from Guangzhou, interviewed by Radio ...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: A surge in sales may be around the corner for some of India's leading packaged consumer goods makers, as cheaper inputs and lower import duties craft a perfect recipe for their next stage of growth. Companies and analysts alike said that falling prices of wheat, maize, barley and oils will help expand volumes, in a change from the recent experience of pricier products driving revenue. On 31 May, the government halved the basic customs duty on crude soybean oil, crude palm oil, and crude sunflower oil to 10%, eight months after raising it from nil to 20%. The move had prompted pack ...Read More >
New Delhi: Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan on Thursday met farmers in Punjab and reviewed crops and production. Addressing a gathering, Chouhan said, "Prime Minister Narendra Modi's vision is Viksit Bharat, and we are working tirelessly with that goal in mind. Our mission is to build a glorious, prosperous and powerful India. Agriculture is the backbone of the Indian economy. In the fourth quarter of last financial year, the country achieved a growth rate of 7.5 per cent, with agriculture contributing to 5.4 per cent of it. Agriculture still accounts f ...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 >
Majuli (Assam) [India], June 28 (ANI): Majuli, the river island district in Assam, has marked a significant milestone as its indigenous organic red bao paddy makes its debut in the global market. In a historic development, the first consignment of this unique variety of rice has been formally exported to countries in Central Asia and Europe, bringing smiles to the faces of Majuli's farming community. Also Read | Long-Awaited Relief for Retired Government Employees? 8th Pay Commission May Reduce Commuted Pension Restoration Period from 15 to 12 Years. The export initiative has been spearhead ...Read More >
Srinagar (Jammu and Kashmir) [India], July 5 (ANI): Union Minister for Agriculture, Farmers' Welfare and Rural Development Shivraj Singh Chouhan attended the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K), Srinagar, and conferred degrees upon the graduates. On the second day of his visit to Jammu & Kashmir on Friday, Shivraj Singh said, 'I've been in Srinagar since yesterday. The cool breeze, the fragrance of the soil, the natural beauty, and the warmth of the people have truly touched my heart. Jammu & Kashmir is the crown jewel of ...Read More >
Bengaluru, Jul 8 (PTI) The Karnataka government has said that it has approved the release of Rs 244.10 crore to cover additional expenses such as wholesale and retail margins and transportation charges under the Annabhagya scheme for the months of February to May, 2025. This fund allocation comes in addition to a previously released grant of Rs 2,082.99 crore, which was meant for the purchase of an extra five kg of rice per beneficiary and other related costs for the four-month period, a government order issued on Monday said. The order was issued as the lorry owners transporting rice and ot ...Read More >
Hubballi: Chief minister Siddaramaiah and deputy chief minister DK Shivakumar have forgotten the people and the state in their tug-of-war for the CM's chair, said Haveri MP Basavaraj Bommai.On Tuesday, Bommai told reporters that they have been spending all their time protecting their positions. "The poor and farmers are suffering immensely. On one hand, there are floods; on the other, heart attack cases are rising. Even though every department is in disarray, this govt behaves as if it's dead. The public is regretting bringing this govt to power and are now cursing it," he said. "The govt comm ...Read More >
Dharwad: Joint director of agriculture Manjunath Antarvalli has called upon the farmers to grow millets and supply quality food items to the domestic market. Speaking after flagging off 'Walk for Millet' organised by the agriculture department in Dharwad on Thursday, he said the farmers growing millets should be encouraged in all possible ways. "Popularly known as superfoods, the millets which are little wonders have been the most sought-after food post-pandemic. High in nutritional values, the ...Read More >
MUMBAI: India is likely to produce a record 117.5 million tonnes of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tonnes, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties. India, the world's biggest wheat producer after China, produced 113.3 million tonnes of wheat in 2024, the farm ministry said in a statement issued late on Wednesday. However, a leading industry body said the crop was nearly 6.25% lower than the government's estimate. The country's rice production in 2025 is also set to c ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce gr ...Read More >
New Delhi, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been bought by millers and traders at a price that cannot be less than the Minimum Support Price (MSP) paid b ...Read More >
New Delhi [India], July 5: A story that goes back to the very fertile heartland of Traori, Karnal in Haryana, the place where you find paddy fields that extend as far as your eyes can see. True to originality, high quality, and the fine flavour of tradition, Double Chabi, Founded by Late. Shri Kashmiri Lal, now led by his son Brij Bhushan Goel with a vision of Global expansion, Double Chabi is a brand that signifies quality to the people. Once a modest venture in the heartland of the rice bowl in India, today, this venture has turned into an internationally established rice brand, serving mill ...Read More >
HYDERABAD The Bharat Rashtra Samithi (BRS) has ridiculed the argument of Minister for Irrigation N. Uttam Kumar Reddy, who had stated that it was not possible to lift water from Medigadda Barrage damaged due to the sinking of piers, and observed that it is not the barrage that had sunk but it is the willingness of the ruling party. Speaking at a party meeting here on Monday, former minister for irrigation T. Harish Rao accused Mr. Uttam Kumar Reddy of waiting for 'auspicious' time to switch on the motors of Kalwakurthy, when Andhra Pradesh had already started drawing water from Pothireddypad ...Read More >
HYDERABAD: Irrigation minister N. Uttam Kumar Reddy on Saturday directed officials to prepare a practical and scientific plan to ensure adequate irrigation for the Kharif season crops in the state. The minister said the plan must take into account current reservoir levels, inflows during this monsoon season, and the total ayacut that can be irrigated from each of the water sources. At a high-level meeting held at Dr B.R. Ambedkar Telangana Secretariat, Uttam Kumar Reddy said a clear and coordinated water release strategy must be in place based on real-time data, crop patterns, and the geograp ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Hisar, Jun 5 (PTI) Haryana Chief Minister Nayab Singh Saini Thursday announced the establishment of natural and organic mandis in Gurugram and Hisar to promote natural farming on a large scale in the state. The Gurugram mandi will cater to produce such as wheat, paddy and pulses, while the Hisar mandi will focus on fruits and vegetables grown through natural and organic methods. In addition, a committee will be formed under the Haryana Kisan Kalyan Pradhikaran to determine fair pricing for produce grown using natural and organic farming practices. The Chief Minister made these announcements ...Read More >
Patiala: Union minister for agriculture and farmers' welfare Shivraj Singh Chouhan visited Rajpura in Patiala district on Thursday as part of an ongoing initiative, Viksit Krishi Sankalp Abhiyan (VKSA), which is aimed at transforming Indian agriculture through direct farmer engagement and sustainable practices.At a 'Kisan Chaupal' in Gandia Kheri village, Chouhan emphasised on govt's commitment to formulating agricultural policies based on direct interactions with farmers rather than relying solely on bureaucratic inputs. " If scientists go to the ground, they'll know about the problem of farm ...Read More >
VIJAYAWADA: Civil Supplies Minister Nadendla Manohar has called upon rice millers in the State to be prepared to supply custom milled rice (CMR) with 10% broken rice to the Centre as part of the Centre's new procurement initiative. At a meeting held at the Civil Supplies Bhavan in Kanuru, Vijayawada, he said the pilot project undertaken in East Godavari, West Godavari, Konaseema and Eluru districts was successful, with 10,000 metric tonnes of paddy procured in compliance with Central norms. The Centre plans to procure 50 lakh metric tonnes of paddy from five States, including Andhra Pradesh, ...Read More >
Guwahati: In a critical humanitarian response, the Assam Rifles, in close coordination with the Indian Air Force (IAF), successfully carried out a joint relief mission -- Operation Sahyog -- on Friday. The Assam Rifles unit based in Aina, with air support from IAF helicopters, delivered essential supplies to 18 remote villages in Henglep sub-division in Manipur's Churachandpur district, which have remained completely inaccessible since July 17 due to multiple landslides triggered along NH-2.The mission involved airlifting of over six tons of essential rations -- including rice, pulses, and dai ...Read More >
MUMBAI, Aug 3 -- US President Donald Trump on Thursday slapped a 25 per cent tariff on Indian goods after prolonged talks that got bogged down over access to India's labour-intensive agricultural sector, which New Delhi has pledged to protect. Why is India opposing the products the US is lobbying for? The United States is pressing India to open its markets to a wide range of American products, including dairy, poultry, corn, soybeans, rice, wheat, ethanol, fruits and nuts. While India is willing to provide greater access for US dry fruits and apples, it is holding back on corn, soybeans, whe ...Read More >
Wheat is the unsung hero of African food, the secret sauce (or rather, secret grain) behind some of your favorite dishes. From the cloud-like deliciousness of Ethiopian injera to the satisfying Moroccan couscous, wheat is Africa's culinary backbone. This article features five mouthwatering dishes that highlight the versatility and tastiness of African wheat-based cuisine. Injera is a sourdough-risen flatbread with a slightly spongy texture, made from fermented teff flour. In Ethiopia and Eritrea, it serves not only as sustenance but also as a utensil for eating. The blend of teff flour and wa ...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 >
New Delhi: The clock is ticking. Only a few days left before the July 9 deadline set by U.S. President Donald Trump. Hopes of a limited trade deal between India and the United States still linger. But the mood around the negotiating table feels anything but settled. The White House has publicly hinted that the deal is all but done. In New Delhi, officials have echoed a similar sentiment, calling the potential agreement "big, good and beautiful". Trump claimed it would open Indian markets to American goods. But behind closed doors, things remain tangled in tough back-and-forth. Key concerns h ...Read More >
Kedia Advisory - India's palm oil imports surged to an 11-month high in June, rising over 60% from May to nearly 956,000 metric tons, driven by a price advantage over soyoil and sunflower oil and the need to rebuild depleted stocks. While soyoil imports dipped nearly 10%, sunflower oil imports rose by almost 18%. Domestic vegetable oil stocks increased for the first time in seven months, easing supply concerns. Experts expect palm oil imports to stay above 900,000 tons in July due to continued price competitiveness, with soyoil shipments also likely to rise as port delays get resolved. Key Hi ...Read More >