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: Around 41 Indian nationals hailing from Maharashtra are currently stranded in Saudi Arabia, following the cancellation of their Akasa Air flight to Mumbai, claimed member of parliament Supriya Sule. She appealed to the Ministry of External Affairs (MEA) and the Indian Embassy for immediate repatriation assistance for stranded passengers. Flight cancellation details On Monday, Sule posted on social media platform X - a list of the names of 41 people from Maharashtra's Bhokardan - claiming that they have been stranded in Riyadh due to the cancellation of a flight by Akasa Air. The working president of the Nationalist Congress Party (Sharadchandra Pawar) alleged that the passengers were left stranded after their Riyadh-Mumbai flight was "suddenly cancelled." The MP's post, highlighting the plight of the stranded passengers, also sought diplomatic intervention from the external affairs ministry, Minister S Jaishankar, and the Indian embassy in Riyadh. She urged the authorities to extend urgent assistance and facilitate their return to India at the earliest. Embassy and airline response Following her post, the Indian Embassy in Riyadh responded, saying they were checking with Akasa Air and would extend all necessary support. However, the airline clarified that operations to several Middle Eastern destinations, including Riyadh, have been suspended until April 12 due to ongoing safety assessments and the passengers have been informed about the changes well in advance. It claimed that the passengers have also been offered a refund or rescheduling options for the cancelled flights. "None of our flights to or from the region have witnessed sudden cancellations. All affected passengers have been provided with full refund options and our teams are in touch with their travel agent to assist with alternate travel options," the airline said while responding to Sule's post. Flight suspensions announced The airline, in its daily travel advisories for the Middle East, has announced the suspension of all flights to and from Riyadh, Doha, and Kuwait until April 12. However, it continues to operate flights safely between Jeddah and several Indian cities, including Mumbai, Ahmedabad, Bengaluru, Kochi, and Kozhikode. It also plans to resume operations from Abu Dhabi after progressive evaluation. According to the airline's official statements, it has extended its waiver of cancellation and rescheduling charges for passengers booked to or from these cities until April 12. It stated that passengers can either opt for a full refund credited to the original payment method within 7 days or reschedule their travel at no additional cost. The airline continued to advise passengers traveling to or from the Middle East to check its official website or mobile app for real-time updates on flight schedules, as operational adjustments remain highly dependent on the evolving situation in the region.
Congress MP Ranjeet Ranjan has called for the replacement of Electronic Voting Machines (EVMs) with ballot papers, citing concerns over the legitimacy of election results. Ranjan raised doubts about the EVM's accuracy, suggesting that the results may be influenced and advocating for a ballot paper system like many other countries. Congress President Mallikarjun Kharge also echoed similar sentiments, accusing EVMs of wasting votes from marginalized communities. This comes after the Congress' defeat in the Maharashtra Assembly election. The Supreme Court, however, dismissed a petition seeking th ...Read More >
New Delhi [India], June 5 (ANI): Aam Aadmi Party MP Ashok Kumar Mittal on Thursday hailed the all-party delegation's visit to several countries worldwide and noted that the members had briefed External Affairs Minister Dr S Jaishankar about their visits. On meeting External Affairs Minister S Jaishankar, member of the all-party delegation led by DMK MP Kanimozhi, AAP MP Ashok Kumar Mittal told ANI, 'After returning today, we met External Affairs Minister Dr S Jaishankar. He wanted to know the response in the five countries we visited. We told him about it. Wherever we went, the countries appr ...Read More >
New Delhi [India], June 5 (ANI): Aam Aadmi Party MP Ashok Kumar Mittal on Thursday hailed the all-party delegation's visit to several countries worldwide and noted that the members had briefed External Affairs Minister Dr S Jaishankar about their visits. On meeting External Affairs Minister S Jaishankar, member of the all-party delegation led by DMK MP Kanimozhi, AAP MP Ashok Kumar Mittal told ANI, 'After returning today, we met External Affairs Minister Dr S Jaishankar. He wanted to know the response in the five countries we visited. We told him about it. Wherever we went, the countries appr ...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 >
Kolkata, Jun 5 (PTI) Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to former Biju Janata Dal (BJD) parliamentarian Pinaki Mishra, thanking well-wishers for their love and blessings. There was speculation about their wedding which, according to media reports, took place in a private ceremony in Germany. "Thank you everyone for the love and good wishes!! So grateful," Moitra said in a post on X, sharing a photograph of the couple cutting a cake. TMC MP and actor-politician Saayoni Ghosh congratulated the couple. "Congratulations Mm & Pm... @MahuaMoitra @OfPinaki wishi ...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 >
Mumbai, Jan 13 (PTI) Shiv Sena (UBT) MP Sanjay Raut met with Nationalist Congress Party (SP) chief Sharad Pawar in Mumbai on Monday amid doubts over the opposition MVA coalition's future after the former announced going solo in the local body elections in Maharashtra. Talking to reporters after the meeting, Raut slammed Union Home Minister and BJP leader Amit Shah for his critical remarks on Pawar and Shiv Sena (UBT) president Uddhav Thackeray made during his visit to Maharashtra on Sunday. Sources revealed that the meeting at Pawar's Silver Oak residence, which lasted for 20 to 25 minutes, ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi: In a significant ruling, the Supreme Court has directed that no new lawsuits related to places of worship (temples, mosques, or shrines) can be filed until further notice. This decision was made during the ongoing hearing of petitions challenging the Places of Worship (Special Provisions) Act, 1991. The ruling prohibits the lower courts from issuing any survey orders or interim orders that might alter the status or nature of any religious site. The bench, comprising Chief Justice Sanjiv Khanna, Justice Sanjay Kumar, and Justice K.V. Vishwanathan, issued this order while hearing sev ...Read More >
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 >
Kolkata: Trinamool Congress on Wednesday distanced itself from statements made by party MP Shatrughan Sinha, who said non-vegetarian food should be banned, and that the Uniform Civil Code is good but should only be implemented after consultations with all parties. The party also chose to describe MP and actor Rachna Banerjee's praise for the Kumbh Mela as her "personal opinion." Sinha, the two-time Asansol MP, speaking to ANI, said, "At first glance, whatever happened in Uttarakhand is commendable. The Uniform Civil Code should definitely be there. I believe there should be an all-party meeti ...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 >
Mumbai, June 5: On the occasion of World Environment Day, actress and newly-elected BJP MP Kangana Ranaut participated in a special tree plantation initiative under the campaign 'Ek Ped Maa Ke Naam.' Taking to social media, Kangana revealed that she planted a sapling at her Delhi residence to mark the day, dedicating the gesture to Prime Minister Narendra Modi. In her post, the actress expressed heartfelt gratitude to environmental warriors who tirelessly work to protect and restore the Earth's natural resources. She acknowledged those who have devoted their lives to saving rivers, cleaning t ...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 [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
Kolkata, Dec 6 (PTI) Air India Express, the budget-carrier arm of Air India, is embarking on a significant expansion by increasing its fleet size and introducing new routes, as passenger growth remains robust. The airline, however, has deferred plans to launch direct flights between Kolkata and Dhaka, citing the ongoing political crisis in Bangladesh. "You would recall we had announced our operational plan for Dhaka, which is a new and significant market for us. But because of the situation there, we have deferred those plans," Aloke Singh, Managing Director of Air India Express, said. "As ...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 >
The Sena UBT chief spokesperson was reacting to Rashtriya Janata Dal chief Lalu Prasad's comment that West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee should be allowed to lead the INDIA bloc. Sena (UBT) Rajya Sabha MP Sanjay Raut on Tuesday said that his party was open to discuss if someone outside of the Congress party should lead the Opposition INDIA bloc. Speaking in New Delhi Delhi, Raut said that all the constituents of the INDIA bloc are willing to have a discuss ...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 >
Mumbai: Former Union minister Sharad Pawar on Tuesday rubbished Union Home Minister Amit Shah's remarks that the BJP's victory in the Maharashtra assembly polls ended the politics of betrayal and treachery started by him in 1978. "I was the chief minister in 1978. I am not aware about his whereabouts then," Pawar told reporters in Mumbai. "When I was the chief minister, there were people like Uttamrao Patil from Jan Sangh in my ministry," Pawar added. The decorum of the post of home minister should be maintained, the NCP (SP) chief said, bemoaning the lack of communication between present pol ...Read More >
Kolkata/Bhubaneswar: Trinamool Krishnanagar MP Mahua Moitra tied the knot with former BJD MP Pinaki Misra on May 30 in a quiet ceremony in Berlin. The couple is expected to return to India by the end of June. After photographs of Moitra's wedding went viral on social media, the MP on Thursday evening posted on her X handle, "Thank you everyone for the love and good wishes!! So grateful."News of the wedding, kept under wraps for nearly a week, broke on social media with multiple photographs of the Berlin wedding. According to party sources, Moitra had informed the party leadership about her wed ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
Guwahati, May 28 (SocialNews.XYZ) Congress MP Gaurav Gogoi launched a scathing attack on Assam Chief Minister Himanta Biswa Sarma on Wednesday, citing recent Enforcement Directorate (ED) raids as "evidence of illegal coal mining operations" in the state, and also issued a clarification on his 'links' in Pakistan. Speaking to the media in Delhi for the first time after becoming the Assam unit chief of Congress, Gogoi pointed to the April 24 raids conducted across Assam and Meghalaya, where the ED reportedly unearthed a coal smuggling network, seizing Rs 1.58 crore in cash, digital devices, and ...Read More >
NCP (SP) leader Supriya Sule is consulting experts on Electronic Voting Machines (EVMs) following Maharashtra's assembly poll results. The opposition questions EVM credibility after the Mahayuti coalition's significant win. Sule advocates for ballot papers, citing other countries' adoption, and will announce a final decision soon.NCP (SP) leader Supriya Sule on Saturday said the opinion of experts is being sought over the "EVM issue" in the wake of the Maharashtra assembly polls' mandate as she b ...Read More >
New Delhi [India], December 18 (ANI): Chinese Ambassador to India, Xu Feihong on Wednesday said that China is ready to work with India and put into action the understandings between Indian and Chinese leaders. The comments come ahead of the 23rd meeting of the Special Representatives between National Security Advisor Ajit Doval and China Foreign Minister Wang Yi in Beijing. In a post on X, Ambassador Xu Feihong, "China is ready to work with India to implement the important common understandings between the leaders of China and India, respect each other's core interests and major concerns, str ...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 >
New Delhi, Dec 17 (UNI) The Opposition on Tuesday strongly opposed the introduction of the One Nation One Election Bill in the Lok Sabha, calling it as an attack on the Constitution and the federalism of the country and demanded that it must be withdrawn immediately. Objecting to the introduction of the Bill, Congress member Manish Tewari said, "The Bills moved by the Law and Justice Minister is assault on the basic structure of the Constitution and are beyond the legislative competence of this house. Therefore they need to be opposed and the introduction of the Bills need to be stopped," he ...Read More >