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, Jun 5 (PTI) Moody's Ratings will consider India-Pakistan conflict while evaluating India's rating, a source said. Representatives from the US-based rating agency on Thursday met India's finance ministry officials. Moody's currently has the lowest investment grade rating for India at "Baa3" with a stable outlook. "The rating agency will consider India-Pakistan conflict in its sovereign rating assessment," a source said. Last month, Moody's had said escalation of tensions between India and Pakistan will not have any major economic disruption in the country, but will be a setback for Islamabad as its forex reserves could come under pressure and weigh on growth. It does not expect major disruptions to India's economic activity because it has minimal economic relations with Pakistan (less than 0.5 per cent of India's total exports in 2024). However, Moody's had last month revised India's GDP growth projections for 2025 to 6.3 per cent, from 6.5 per cent, saying economies globally will see a slowdown on account of heightened US policy uncertainty and trade restrictions. Geopolitical stresses, like tension between India and Pakistan, also have a potential downside risk to its baseline growth forecasts. Costs to investors and businesses are likely to rise as they factor in new geopolitical configurations when deciding where to invest, expand, and/or source goods, Moody's had said. On April 22, Pakistan-trained terrorists killed 26 people in Pahalgam, Kashmir. India has consistently held that Pakistan has given safe haven to designated terrorists and the same was evident when senior military officials were present at the funeral of the terrorists killed in Indian military attacks of May 7. Moody's has a 'Caa2' rating on Pakistan, which means the debt issued by the sovereign is of poor quality with very high default risks. PTI JD TRB
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. ...Read More >
xternal Affairs Minister (EAM), S. Jaishankar, on Monday, met with the Foreign Minister of Ukraine and discussed the conflict with Russia at the sidelines of the MED Mediterranean Dialogues Conference in Rome, Italy. Apart from Ukraine, EAM Jaishankar met with his counterparts from France, Lebanon, and Croatia as well. On his meeting with the Ukrainian Foreign Minister Andrii Sybiha, the EAM reiterated India's support for "dialogue and diplomacy" to end the long-running conflict. "Good to meet FM of Ukraine @andrii_sybihain Rome today. Useful exchange on advancing our bilateral cooperation. ...Read More >
Srinagar, Jan 31 (PTI) Indian Institute of Carpet Technology (IICT) and NIFT, Srinagar has developed 36 box prototypes for unique packaging of Kashmiri handicrafts with the aim of boosting sales. Director IICT Zubair Ahmad said the packaging is an inseparable part of the famed Kashmir handicrafts, which facilitates its foray into international markets in a big way. "Time has come for artistic packaging to create a unique unboxing experience of the famed arts of Kashmir and boost its market value," Ahmad said. He called upon business stakeholders associated with Kashmir Arts to carry out fir ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
Katra/Jammu, Jun 5 (PTI) Union minister Jitendra Singh on Thursday lauded Prime Minister Narendra Modi for ensuring a speedy completion of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project after taking office in 2014 and said it marks the beginning of a historic journey in setting up the world's highest railway bridge in Jammu and Kashmir. On Friday, Prime Minister Narendra Modi is scheduled to inaugurate the world's highest railway bridge over the Chenab river and the Anji Khad bridge, India's first cable-stayed bridge, before flagging off Vande Bharat trains to mark the completio ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector scheduled for December 7, sources said. Union Budget 2025-26 is likely to be tabled in Parliament o ...Read More >
New Delhi, Jan 17 (PTI) Veteran journalist and writer Humra Quraishi, who died due to heart failure and diabetic complications, was known as an advocate for truth, justice and as a champion for the marginalised. Quraishi breathed her last at a hospital in Gurugram on Thursday, her daughter Sarah Quraishi told PTI. She was 70. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. Born in Shahjahanpur in Uttar Pradesh on April 25, 1956, Quraishi worked as a Delhi-based writer and columnist. Also Read | Saif Ali Khan Stabbing Case: 'Bring a S ...Read More >
New Delhi [India], May 23 (ANI): Criticising the BJP-led NDA government, Leader of the Opposition in Lok Sabha (LoP) Rahul Gandhi on Friday said that India's foreign policy has collapsed. In a post on X, Gandhi raised three questions to the central government. "Will JJ explain, Why India has been hyphenated with Pakistan? Why didn't a single country back us in condemning Pakistan? Who asked Trump to "mediate" between India & Pakistan?" the LoP said. Reposting a video of S Jaishankar's interview with a media outlet, he said, "India's foreign policy has collapsed," he added. Earlier, Gandhi q ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
New Delhi: The Border Security Force (BSF) has completed the deployment of two fresh battalions, comprising more than 2,000 personnel, in the Jammu region to better plug infiltration from across the Pakistan front and check the recent spurt of terrorist activities in the area. Officials in the security establishment told PTI that the new troops of these units have been deployed "in depth areas" as the "second line of defence" just behind the BSF border deployment along the international border (IB) with Pakistan. These two BSF battalions were recently withdrawn from the anti-Naxal operations ...Read More >
New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation and economic growth, as he opined that the central bank has been doing a prudent job. Notably, the FI ...Read More >
Belagavi (Karnataka), Dec 26 (VOICE) Karnataka BJP has slammed Congress over the display of posters depicting a distorted map of India at the venue of the centenary celebrations of the INC's 1924 session in Belagavi, saying that it shows utter disrespect for India's sovereignty and is shameful.Taking to social media handle X on Thursday, the BJP said, "Pakistan-occupied Kashmir (PoK) has been handed over to Pakistan by the Indian National Congress - Karnataka! It is truly an act of treason that Congress members have distorted India's map in the name of Gandhi Bharat. The banners displayed in B ...Read More >
Bikaner, May 22: Prime Minister Narendra Modi, on Thursday, asserted that the country's enemies have learnt what happens when "sindoor" becomes gunpowder and lauded India's armed forces for creating such a trap that Pakistan was "forced to go down on its knees". In a public address in Rajasthan, the prime minister slammed Pakistan, and said in response to the attack on April 22, "we destroyed nine biggest terror hideouts in 22 minutes". "The world and the enemies of the country have seen what happens when sindoor (vermillion) turns into barood (gunpowder)," he said. He said India is not goi ...Read More >
Indian Army Chief General Upendra Dwivedi stated that the army has shifted Jammu and Kashmir's focus from "terrorism to tourism" while working towards 'Viksit Bharat 2047.' He emphasized the army's contribution to national security, development, and disaster relief, highlighting its role in achieving a "Progressive" and "Peaceful" India.Chief of Army Staff (COAS), General Upendra Dwivedi said that while moving towards the goal of 'Viksit Bharat 2047,' the army has been able to transform the idea of Jammu and Kashmir from "terrorism to tourism." While addressing an event at Savitribai Phule Pu ...Read More >
The gunfight continued between security forces and terrorists in the upper mountain belt of Harwan. In a major breakthrough, the security forces killed a wanted terrorist, who was responsible for terror attack in Ganderbal, during an ongoing encounter in the upper reaches of Dachigam in Jammu and Kashmir on Tuesday. The Kashmir Zone Police in a social media post announced the killing of the terrorist, identified as Junail Ahmed Bhat. The Police said that Bhat was an A category terrorist of Lashkar-e-Taiba terror outfit and was involved in the killing of civilians in Ganderbal, Gagangir and o ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up the GoM reports on rate rationalisation and rate reduction in health and life insurance. The two GoMs ...Read More >
Nagpur, May 23 (PTI) India's indigenously developed 'Akashteer' air defence system performed "exceedingly well" during 'Operation Sindoor', said Defence Research and Development Organisation (DRDO) chief Samir V Kamat, who expressed confidence that its success will draw international interest. India had deployed the indigenously developed and fully automated 'Akashteer' air defence control and reporting system, which emerged as the invisible force of new war capabilities during Operation Sindoor, launched against nine terror sites in Pakistan and Pakistan-occupied Kashmir. "Definitely, our a ...Read More >
Gulmarg (JK), May 28 (PTI) Chief Minister Omar Abdullah on Wednesday said the April 22 Pahalgam attack has not stalled the conversation around restoration of statehood to Jammu and Kashmir and that he had raised the issue at the recent meeting of NITI Aayog governing council. "No, not at all. If you were to take out the formal speech that circulated in the NITI Aayog meeting, you will find a categorical mention for return of statehood in that ... which was given to the Honourable Prime Minister and all the members of the governing council of the NITI Aayog," Abdullah told reporters in this to ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. "The search operation ...Read More >
New Delhi, Jan 2 (PTI) Prime Minister Narendra Modi on Thursday condemned the terrorist attack in New Orleans, which has killed 15 people, and expressed condolences to the families of victims. "We strongly condemn the cowardly terrorist attack in New Orleans. Our thoughts and prayers are with the victims and their families. May they find strength and solace as they heal from this tragedy," PM Modi said on X. A driver wreaked carnage on New Orleans' famed French Quarter early on New Year's Day, as he rammed a pickup truck into a crowd before being shot to death by police, authorities said. M ...Read More >
New Delhi: Bharatiya Janata Party (BJP) MP Nishikant Dubey on Friday stoked a new controversy after he called Congress leader Rahul Gandhi hypocrite for questioning Foreign Minister S. Jaishankar over providing information about Operation Sindoor to Pakistan. The Congress clapped back at the BJP leader, stating that he "repeatedly displays his stupidity." Dubey's accusation stems from Rahul Gandhi's criticism of S. Jaishankar, which the BJP MP views as inconsistent with Gandhi's previous statements. Dubey referenced a 1991 Indo-Pak military transparency pact signed during a Congress-backed go ...Read More >
(Image for representation purpose; Credit: Getty Images) The Israeli Defense Forces (IDF) on Thursday carried out their first airstrike since the ceasefire went into effect, targeting a Hezbollah rocket facility in southern Lebanon. The IDF stated that its fighter jets struck the facility after identifying activity that violated the terms of the ceasefire. The facility, which had been used to store medium-range rockets, was targeted as part of efforts to neutralize the threat posed by Hezbollah. The military emphasized that it remains actively deployed in southern Lebanon and is committed to ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Sing ...Read More >
New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, recapitalising PSBs, and reforms in the financial system to address the challenges faced by PSBs, it ...Read More >
New Delhi, Dec 13 (PTI) The Lok Sabha on Friday paid rich tributes to the security personnel who laid down their lives in foiling a terror attack on Parliament on December 13, 2001. Lok Sabha Speaker Om Birla solemnly reiterated the commitment of the Lower House to fight terrorism and pledged to protect the unity, integrity and sovereignty of the nation. "This House and the entire nation solemnly remembers unfortunate incident of December 13, 2001, when some terrorists attacked India's Parliament, the greatest symbol of our democracy," Birla said as soon as the House convened at 11:00 am. " ...Read More >
New Delhi, Jan 13 (PTI) Congress leader Rahul Gandhi on Monday launched a blistering attack on Prime Minister Narendra Modi and former Delhi chief minister Arvind Kejriwal, saying that they keep mum on the issue of caste census as they do not want backwards, Dalits, tribals and minorities to get their due share. Specifically targeting Kejriwal at his first public meeting for Delhi assembly polls, Gandhi said that the AAP convenor was following "Modi's strategy of propaganda and false promises" despite rising pollution, corruption and inflation in the national capital. Gandhi also promised a ...Read More >
New Delhi, Jan 17 (PTI) India's offensive and defensive responses need to be further strengthened in view of turmoil in the rules-based global order, Defence Minister Rajnath Singh said on Friday. In an address at an event, he also said that the Indian Navy is working towards increasing its presence in the Indian Ocean region. Also Read | Indian Army's 'Sambhav' Smart Phone Used During China Border Talks for Secure Communication. The Indian Ocean is witnessing increasing Chinese presence triggering concern among India's national security planners. India's economic prosperity is linked to m ...Read More >
New Delhi, Jan 17 (PTI) Veteran journalist and writer Humra Quraishi, who died due to heart failure and diabetic complications, was known as an advocate for truth, justice and as a champion for the marginalised. Quraishi breathed her last at a hospital in Gurugram on Thursday, her daughter Sarah Quraishi told PTI. She was 70. Born in Shahjahanpur in Uttar Pradesh on April 25, 1956, Quraishi worked as a Delhi-based writer and columnist. Having spent long years covering Kashmir as a journalist, Quraishi published "Kashmir: The Untold Story", a volume of her collective writings based on her cov ...Read More >