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.
Chennai: To encourage responsible and ethical use of artificial intelligence (AI), Stella Maris College has asked its students to declare the use of AI in class assignments and projects. Students are now required to give a handwritten honour code pledge saying they have not received unauthorized or undeclared assistance in the work. This has come into effect from the 2025-26 academic year.The college also introduced an AI framework for learning and assessment, which allows using AI for tasks such as polishing the language and correcting grammar, and bans AI-generated content due to concerns over errors and bias. It prescribed four types of AI usage for assignments -- open usage, usage with disclosure, usage with compliance and prohibited usage. "We have noticed that many students simply cut and paste the unsupervised assignments using AI tools. They also do not fact-check or verify the generated information. We are trying to integrate AI into the learning by allowing students to use it with disclosure," said Faustina Joan, a faculty member from the college's computer science department. "It's just an assistive tool. This will eliminate any guilt they might be feeling," she added."We tend to feel that we have ownership of the content now as the college encourages us to use AI, but in an ethical way," said Dharanya, a third-year BA economics student.Another student, Khashifaa, a final-year BCA student, said students have become conscious of AI use after the introduction of the pledge. "The faculty members do not allow us to generate codes using AI. So, the usage has reduced by half," she added."The vision of 'AI strategic framework' for students is to responsibly integrate AI tools into the learning and assessment processes while maintaining academic integrity and fairness," said Rebecca Devaprasad, coordinator of the internal quality assessment cell (IQAC) at the college."Students may have to work with AI tools in their workplace after graduation. This will give them confidence and they can use AI transparently and responsibly," she added.Other institutions such as IIT Madras and Anna University too are in the process of developing an AI policy.
Not long ago, India's Global Capability Centres (GCCs) were simply backroom engines -- managing payroll, IT help desks, or processing data to save global companies time and money. Fast forward to today, and these same centers are at the heart of transforming how the world's biggest businesses invent, experiment, and scale with artificial intelligence. India is now home to more than 1,700 GCCs, which employ nearly 1.9 million professionals. These centers have quietly shifted from checking boxes to imagining what's next. Today, instead of following orders, they help global firms dream up new pr ...Read More >
CHENNAI: National security advisor Ajit Doval on Friday challenged the foreign press "to show even one image" of the damage to the Indian side during Operation Sindoor. Speaking at the 62nd convocation of IIT Madras, Doval said: "We decided to have nine terrorist targets in the criss-cross of Pakistan; they were not in the border areas. We missed none. We hit nowhere else except that. It was precise to the point where we knew who was where. The entire operation took 23 minutes, starting five minutes past one and ending 28 minutes past one (on May 8)."The NSA said: "Foreign press said that Paki ...Read More >
Nagpur: The 11th batch of the flagship MBA programme (2025-27) and the 5th batch of the PhD regular programme (2025-29) of IIM Nagpur was inducted at its MIHAN campus on Sunday. IIM Nagpur welcomed a diverse cohort of newly inducted students.Of the 323 MBA students enrolled, 100 are females and 223 males, representing 23 states and Union Territories, from Nagaland, Ladakh, Jammu & Kashmir to Kerala, Tamil Nadu, Maharashtra, UP, Delhi, and Bihar. Last year, the institute's intake was stretched up to 360 first-year admissions, marking a six-fold rise since it started operations with 60 students ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
HYDERABAD: As the world observes Artificial Intelligence (AI) Appreciation Day on Wednesday, Hyderabad is emerging as a powerhouse in India's AI revolution. With a booming startup ecosystem and strong government backing, the city is integrating AI into sectors like healthcare, agriculture, and legal systems, reshaping the role of technology in everyday life. Hosting over 500 AI startups, Hyderabad is now one of India's premier AI hubs. According to Deloitte's "Tech Trends 2025 - India Perspective" report, India's AI market is projected to reach USD 17 billion by 2027, growing at 25-35% annual ...Read More >
During a flight, Tejasvi Surya engaged in a stimulating conversation with N.R. Narayana Murthy, covering topics from AI to urban planning. Murthy emphasized India's potential and addressed his controversial 70-hour workweek proposal. He humorously revealed that Prime Minister Modi likely works even longer hours, sparking further discussion on work ethic and national development. What started as a routine flight from Mumbai to Bengaluru turned into a whirlwind of ideas, philosophies, and a dash o ...Read More >
Lieutenant General Manjinder Singh emphasized the Indian Army's need to adapt to modern warfare challenges at a Jaipur seminar. He highlighted the importance of AI, advanced systems, and ISR capabilities, citing Operation Sindoor's success. A MoU with MNIT Jaipur aims to boost indigenous defense technology, focusing on integrating cutting-edge solutions and ethical AI development for future military operations. South Western Army Commander Lieutenant General Manjinder Singh on Wednesday said tha ...Read More >
Chennai: Tamil Nadu govt and IIT-Madras have joined hands to to scientifically manage and recycle municipal and rural solid waste using advanced technology. Govt signed memorandum of understanding (MoU) with IIT-M engaging it as the state's academic and knowledge partners. The agreement was inked between the Clean Tamil Nadu Company Limited (CTCL) and IIT-M in the presence of chief minister M K Stalin at the Secretariat. The initiative is part of state's 'Thuimai Iyakkam' (Clean Tamil Nadu Movement) under the special programme implementation department.Ganga Dileep, CEO of CTCL, said the colla ...Read More >
The Indian government is reinforcing creative freedom by maintaining strict regulations on OTT platforms through the IT Rules, 2021. Union Minister Ashwini Vaishnaw emphasized safeguards against harmful content while promoting the AVGC-XR sector. The Indian Institute of Creative Technologies aims to bolster industry skills with global partnerships. The Central Government on Wednesday renewed its pledge to protect creative freedom, highlighting regulations for Over-The-Top (OTT) platforms enforce ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Bengaluru -- Snowflake, the AI Data Cloud company, announced its collaboration with ICT Academy to scale the Snowflake Academia Program in India, a comprehensive initiative designed to equip educators and students with direct access to data and Artificial Intelligence (AI) technologies. At the core of this initiative is faculty enablement, equipping educators with knowledge, curriculum, and free access to Snowflake Platform, Snowflake technical foundations, and advanced courses such as data engineering and the latest AI-related programs to train their students effectively. Through this engagem ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Tim Curtis, Director, UNESCO Regional Office for South Asia, has underscored the importance of adopting an 'ethics-by-design' approach to AI development, noting that true inclusivity requires not just functionality but the integration of core ethical values from the outset. He also reaffirmed UNESCO's support for India's vision of an AI ecosystem that is inclusive, transparent, and grounded in trust. Abhishek Singh, Additional Secretary, MeitY and CEO, IndiaAI Mission, highlighted India's balanced, pro-innovation approach to AI aimed at building AI in India ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi [India], July 7 (ANI): Defence Minister Rajnath Singh remembered Captain Vikram Batra on his Balidan Diwas and called him a glorious example of bravery and sacrifice. He posted on his X account, "Remembering the supreme sacrifice made by Captain Vikram Batra on his Balidan Diwas. His unmatched bravery and sacrifice during the Kargil War remain a glorious example of courage in the service of the nation. My tributes to him on his 'Balidan Diwas'." Also Read | BRICS Summit 2025: PM Narendra Modi Calls BRICS Nations To Collectively Pursue Responsible Use of AI To Balance Innovation Wit ...Read More >
New Delhi: To make Meta the king of the AI world, Mark Zuckerberg is on a hiring spree, for which he has given lucrative offers to the employees of Thinking Machines Lab, an American startup. During this recruitment process, Zuckerberg himself became a fan of a young man and offered him 125 million dollars, i.e. about Rs 1000 crores. The surprising thing was that the man turned down his offer of Rs 1000 crores, after which Zuckerberg himself went to meet him. According to American media, Meta had offered Rs 1000 crore to Matt Deitke, a 24-year-old Artificial Intelligence researcher, but he t ...Read More >
Hyderabad (Telangana) [India], September 8: In a significant step towards strengthening Australia-India cooperation in the field of Artificial Intelligence (AI), Deakin University, Australia, and the Department of Information Technology, Electronics and Communications (ITE&C), Government of Telangana, have signed a Letter of Intent to collaborate on mission-driven AI innovation aligned with public good and digital economy goals. Deakin University, Australia, is ranked among the top 1 of universities worldwide, with over 30 years of engagement in India across academia, industry, and government ...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 [India], June 7 (ANI): The Ministry of Statistics and Programme Implementation (MoSPI), in partnership with NITI Aayog and the World Bank as a knowledge partner, organised a two-day National Workshop entitled 'Using Alternate Data Sources and Frontier Technologies for Policy Making.' This event took place at Bharat Mandapam in New Delhi on June 5 and 6. The National Workshop concluded with a Valedictory Session on 6 June. According to the release, the Valedictory Session was graced by Prof. Ajay Kumar Sood, Principal Scientific Advisor (PSA) to GoI as the Chief Guest; Prof. Abhay K ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
New Delhi, Aug 20 (SocialNews.XYZ) Hydrogen today costs around $5 per kilogram and if India can bring this down to $1 dollar per kilogram, we won't just achieve energy independence, we can become a global exporter of clean energy, Union Minister of Road Transport and Highways, Nitin Gadkari, said on Wednesday. Highlighting India's leadership in renewable energy, Gadkari said that solar energy is the 'Sanjeevani Booti' for our planet and hydrogen is the fuel of the future. "I drive a Toyota Mirai, which itself means 'future' in Japanese, because I believe hydrogen will transform mobility and ...Read More >
Thiruvananthapuram: State IT Mission, in collaboration with Kerala Startup Mission (KSUM), invited artificial intelligence (AI) solutions that address real-world governance challenges identified by various departments under the 'K-AI Initiative: AI for Governance' programme.Innovators, students, researchers and startups can submit AI-based governance solutions that can be leveraged by various governing bodies of state govt. A flagship initiative aimed at accelerating the adoption of AI solutions across govt departments, Kerala AI (K-AI) envisions a collaborative ecosystem where emerging techno ...Read More >
New Delhi, Sep 15 (PTI) Asserting that India has adopted techno legal approach for AI safety, Minister of Electronics and Information Technology Ashwini Vaishnaw on Monday said the tilt of the government is more toward innovation than regulation. "We have taken a very different approach in AI safety, whereas the many parts of the world look at AI safety more as a legal challenge. They want to create a law, pass a law, and then believe that AI safety will come," he said here. However, he said, "We have taken a techno legal approach, and our AI Safety Institute is a virtual institute, which ba ...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 >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
Tamil Nadu has launched a pilot programme in government schools to teach students AI, coding, and digital tools, aiming to bridge the tech divide and prepare youth for a digital future. Chennai: Exposure to artificial intelligence (AI), robotics, and digital tools is no longer confined to private schools. In a significant step towards bridging the technological divide, the Tamil Nadu government has rolled out a pilot programme this academic year to train government school students in AI applicat ...Read More >
Bengaluru, Jul 5 (PTI) Union Minister Piyush Goyal on Saturday said new technologies will define India's growth story in the coming years. Addressing the IIT Madras Alumni Association's Sangam 2025 event here, he said, "Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will shape the India growth story of the future." Goyal said India is transforming from a country known for seeking jobs to becoming a nation of job creators. "Of course, in some small measures, we have tried to be part of the startup ecosystem, the startup fund of funds, and var ...Read More >
New Delhi: Nearly half of the students surveyed in Delhi's higher education institutions use Artificial Intelligence tools several times a week, with 23% reporting daily use and 21% using them several times a month. AI was used most frequently for research, with 84% saying they rely on AI for academic purposes, followed by writing at 76% and learning complex subjects at 68%.However, barriers to adoption remain significant, with 47% attributing limited AI use to lack of awareness and 45% citing limited knowledge on how to use them effectively. The findings are part of a new study by the Centre ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
Hike, once one of India's most valuable startups with unicorn status, has become the latest casualty of New Delhi's recent real-money gaming ban, with the company -- led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal -- now shutting down. On Saturday, Hike founder Mittal (pictured above) said that the startup's U.S. business, which launched nine months ago, was "off to a strong start." But he said scaling it globally would require "a full recap, a reset that is not the best us ...Read More >