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: Amid financial concerns flagged by Tata Trusts chairman Noel Tata regarding Tata Sons' new ventures, the businesses are now estimated to incur a combined loss of Rs 29,000 crore in FY26, sharply higher than an earlier projection of Rs 5,700 crore, according to internal estimates reviewed by TOI.Losses for the first nine months of FY26 have already reached Rs 21,700 crore, compared with Rs 16,550 crore for all of FY25, with Tata Digital, Air India, Tata Electronics, and Tejas Networks accounting for the bulk. After narrowing from Rs 16,550 crore in FY23 to Rs 11,800 crore in FY24, losses rose again in FY25 and have surged further in FY26, reflecting a fluctuating but overall upward trend.The widening gap between projected and actual performance was among the factors behind the deferral of Tata Sons chairman N Chandrasekaran's third-term reappointment at the Feb board meeting. He is expected to present a plan at the June board meeting to rein in losses at new ventures, a sore point on which Noel Tata has placed much emphasis and for which he has sought a strategy.In particular, the unlisted Tata Digital-which houses BigBasket, Tata 1mg, Croma, Tata CLiQ, and the super app Tata Neu - is emerging as a key concern. Conceived by Chandrasekaran in 2019, Tata Digital has yet to turn profitable, despite Tata Sons investing over Rs 24,000 crore, including acquisitions.Its FY26 consolidated losses are estimated to cross Rs 5,000 crore, the highest since inception. It has recorded losses of over Rs 3,750 crore in the first nine months of FY26, surpassing its initial full-year projection, internal estimates showed. While new ventures typically have a gestation period and require sustained funding, their financials are expected to improve over time, Tata Group observers said. However, Tata Digital's performance, they added, has lagged over the past three years, with revenue growth of just 10% year on year. It has also seen three CEO changes in its short history."While the gestation argument is real, there were missteps: leadership instability, slow product improvements, and a loyalty programme mistaken for a growth engine," said Thomas Kuruvilla, managing partner of Arthur D Little. He added that rivals outpaced BigBasket not on brand but on execution. "They won on dark store density and delivery speed, the unglamorous infrastructure work Tata Digital underinvested in."Of Tata Digital's Rs 4,610 crore loss in FY25, BigBasket accounted for Rs 2,007 crore, Croma Rs 1,091 crore, Tata 1mg Rs 276 crore, and Tata CLiQ Rs 14 crore. A similar pattern is projected for FY26."Unlike its competitors, BigBasket is not that visible to customers. A lot of its customers have moved to other platforms. Tata, it seems, is not keen on spending more money on it and is instead focusing on profitability," said Satish Meena, founder at Datum Intelligence. Blinkit leads the quick commerce market with an over 40% share. Swiggy Instamart and Zepto keep swinging between 24-27% share, while BigBasket, Flipkart and Amazon collectively hold 10% share, Meena said. Some Tata Group observers are questioning Tata Digital's role, arguing that its services could be delivered profitably by individual group companies such as Titan, Trent, Tata AIG, and Indian Hotels. They also question why the group is burning Rs 5,000 crore in Tata Digital, which they see largely as a loyalty programme funded by these companies.Air India, however, remains the biggest drag. Its FY26 loss is expected to touch Rs 20,000 crore, far exceeding an earlier estimate of Rs 2,000 crore, with nine-month losses already at Rs 15,000 crore. By comparison, FY25 losses were Rs 11,000 crore.Holding management fully accountable for Air India's FY26 losses would be "unfair and analytically lazy," Kuruvilla said. Between Pakistan's airspace closure (costing an estimated Rs 5,000 crore annually), oil above $100, and the Ahmedabad flight crash, they have been navigating a "perfect storm". "The real question is not whether management caused the losses-they didn't-but whether they built enough financial resilience to absorb shocks of this scale. That answer is less comfortable."While "geopolitics excuses the financials, it does not excuse the customer experience," Kuruvilla said. Four years into private ownership, service consistency should not still be generating the same complaints it inherited from the govt. "The external environment may be brutal, but inside the cabin, that is entirely Tata's problem to own," Kuruvilla said.Other new ventures are also under scrutiny. Tata Electronics, the unlisted semiconductor business, is projected to register a Rs 3,000 crore loss in FY26, while Tejas Networks, a listed telecom company, is expected to swing to a Rs 1,000 crore loss from a Rs 500 crore profit in FY25. Noel Tata and Tata Sons did not respond to an emailed request for comment.
The business reported a 45 per cent increase in net profit to Rs 775 crore on Tuesday for the July-September quarter over the same period last year due to higher revenues. Siemans India Shares zoomed more than 5 per cent on NSE (National Stock Exchange), after the company declared their quarterly earnings for July September quarter, which revealed their PAT (profit after tax) jumped 45 per cent. The siemens share price touched intraday high of Rs 7,622.95 per share on NSE (National Stock Exchange), after hitting the opening bell at Rs 7,499.00 which considerable surge of 3.5 per cent amounit ...Read More >
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
The Cure SMA Foundation of India has praised the government’s recent efforts to address rare diseases, including Spinal Muscular Atrophy (SMA), with over Rs 900 crore allocated for treatment procurement. The foundation urges swift action to implement the procurement process within 45 days, following the Delhi High Court’s directive. SMA, a life-threatening genetic disease, has limited treatment access in India. While the drug Risdiplam has brought hope, collaborative efforts are needed to ensure wider availability. Experts stress the importance of a holistic approach to SMA care, citing Kerala ...Read More >
Small-cap Stock: Krystal Integrated Services Limited (Krystal) share price rose 5 per cent to ₹779.3 on Tuesday, November 26 after the company announced receiving a ₹106.3 crore contract from the Brihanmumbai Municipal Corporation (BMC). The contract, valued at ₹1,062.99 million ( ₹106.3 crore), covers three years and involves providing comprehensive attendant manpower services to BMC's Education and Security Departments. This initiative is aimed at improving public sector operational efficiency in Mumbai. Small-cap stock Krystal Integrated Services share was trading in the green, up 3.07 pe ...Read More >
While Trent Boult was signed for Rs 12.50 crore, the Mumbai-based franchise spent an amount of Rs 9.25 crore to land Deepak Chahar. Mumbai Indians' have assembled a lethal pace attack at the two-day IPL 2025 auction held in Jeddah (Saudi Arabia). The five-time IPL champions had already retained their star pacer Jasprit Bumrah ahead of the auction. At the mega auction, MI decided to acquire the services of two other quality fast bowlers - Trent Boult and Deepak Chahar. While Boult was signed for Rs 12.50 crore, the Mumbai-based franchise spent Rs 9.25 crore to land Chahar. Reacting to the po ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
The Indian government launched the Rs. 1,435 crore PAN 2.0 project. Announced by Information and Broadcasting Minister Ashwini Vaishnaw, the project aims to establish the PAN number as a common business identifier across all government digital systems. PAN 2.0 Project Launch The Rs. 1,435 crore PAN 2.0 the project aims to establish the PAN number as a common business identifier across all government digital systems. CCEA Approval The Cabinet Committee on Economic Affairs (CCEA) approved the project under the Income Tax Department. As per Information and Broadcasting Minister Ashwini Vaish ...Read More >
Mumbai Indians (MI) made strategic moves in the IPL 2025 mega-auction, securing New Zealand pacer Trent Boult for ₹12.50 crore. MI owner Akash Ambani praised Boult’s invaluable skill in swinging the new ball, acknowledging the team’s struggles when he wasn’t playing for them in recent years. The franchise also acquired England’s Reece Topley for ₹75 lakh and New Zealand spinner Mitchell Santner for ₹2 crore. MI further strengthened their spin department by signing young Afghan talent Allah Ghazanfar for ₹4.80 crore, who has impressed with his performances in international cricket. ...Read More >
Parth Jindal penned an emotional farewell note for Rishabh Pant who played nine years for the Delhi Capitals. After nine years with the Delhi franchise, Rishabh Pant will play for the Lucknow Super Giants in the upcoming IPL season. Delhi Capitals' co-owner Parth Jindal on Tuesday (November 26) lamented Rishabh Pant's departure from the franchise and hoped to reunite in the foreseeable future. Capitals had released their captain Pant ahead of the IPL mega auction where he drew a record bid of Rs 27 crore from LSG. DC even tried to get their captain back on day one of the auction but could no ...Read More >
Trisha Krishnan's old video is currently circulating on Instagram from the success party of Ponniyin Selvan 1 (PS-1). This party was a celebration of the film's massive success at the box office, where it earned over Rs 460 crore worldwide, according to a Deadline report. Ponniyin Selvan 1 has become the third highest-grossing Indian movie of 2022, a remarkable achievement for a Tamil film. The movie has been widely praised for its direction, performances, and grand visuals, making it a milestone in Indian cinema. Trisha Krishnan's old video is currently circulating on Instagram from the succ ...Read More >
Mumbai, November 26: The final allotment for the NTPC Green Energy IPO has been confirmed, and investors can now check their status through bank debit messages or online platforms such as the BSE, NSE, and Kfin Technologies. The shares of NTPC Green Energy, which opened for subscription on November 19 and closed on November 22, are set to be listed on the stock exchanges on Wednesday, November 27, 2024. The public offering received strong investor interest, with the issue oversubscribed by 2.42 times, according to the National Stock Exchange (NSE). Analysts maintain a positive long-term outlo ...Read More >
Vaibhav Suryavanshi, a 13-year-old cricket prodigy, becomes the youngest player signed for IPL, bought by Rajasthan Royals for Rs 1.10 crore. His achievement has sparked pride in his hometown, with family replaying a vital role in his journey. Vaibhav marks a new era for young talent in cricket. In a groundbreaking moment for Indian cricket, 13-year-old Vaibhav Suryavanshi has made history by becoming the youngest player ever signed by the Indian Premier League (IPL). Acquired by the Rajasthan Royals for a staggering Rs 1.10 crore during the IPL 2025 auction, Vaibhav's remarkable achievement ...Read More >
Bigg Boss 18: Shilpa Shirodkar is termed 'biggest backstabber' after Vivian Dsena... Deepak Kalal fights with passenger in flight? Know the truth behind viral video Delhi court fixes Nov 28 for hearing former CM Arvind Kejriwal's plea over sanction copy in... Where will the Champions Trophy 2025 be played? ICC to take final call on THIS date Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan recalls telling Amitabh Bachchan he made 'big mistake' by... Deepinder Goyal's Zomato opens Rs 8500 crore QIP share sale, sets floor price at Rs... Delhi Capitals co-owner pens emotional fare ...Read More >
TARC Limited announced today that it has sold 50 per cent of its TARC ISHVA residential project, valued at ₹1,350 crore, just two months after its launch in September 2024. The luxury residential development on Golf Course Extension Road in Gurugram's Sector 63A spans 1.35 million square feet and offers four-side open residences with Aravali Hills views. The shares of TARC Limited were trading at ₹212 up by ₹6.29 or 3.06 per cent on the NSE today at 11.57 am. Amar Sarin, Managing Director & CEO, highlighted the project's success, attributing it to the company's customer-centric strategy and ...Read More >
Bengaluru, November 27, 2024: SuperGaming's highly anticipated Indo-futuristic Battle Royale game, Indus, has achieved a significant milestone, surpassing 5 million downloads on the Google Play Store and over 100,000 installs on the iOS App Store. This remarkable feat solidifies its position as one of India's fastest-growing games. The title has also been recognized as the Best Made in India Game by Google Play in their prestigious Best of 2024 awards. Indus has captivated players with its distinctive Indo-futuristic world setting that seamlessly blends Indian culture with futuristic aestheti ...Read More >
Parth Jindal, co-owner of the Delhi Capitals, welcomed new purchase KL Rahul with open arms and vowed to treat the experienced India batter with 'love and respect'. Rahul had a controversial exit from his previous franchise Lucknow Super Giants. The post-match scenes from the last IPL - which captured LSG owner Sanjiv Goenka publicly having an outburst on his captain, Rahul - were indications of cracks forming between the two. They even met at a dinner soon after to sort everything out, but it only lasted a little while. Finally, when the franchise did not retain Rahul, it became clear that th ...Read More >
The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the company's banker not to release any more money to the tax department based on a 2023 notice, and allowing the portal to use its two bank accounts for daily operations. The order was passed by a bench headed by justice BV Nagarathna on an application moved by PPK Newsclick Studio Limited, which alleged that ICICI Bank was not allowing the company to use its accounts despite a top court order to this effect passed on August 9. The tax department had raised the demand again ...Read More >
Severe air pollution in northern India has led to a surge in demand for respiratory medications, with Foracort becoming India’s top-selling drug in October. The inhaler, used to treat asthma and COPD, recorded Rs 75 crore in sales, surpassing popular medicines like Augmentin and Glycomet-GP. Manufactured by Cipla, Foracort combines budesonide and formoterol for effective dual-action therapy. Other respiratory drugs, Duolin and Budecort, also saw increased sales. With Delhi’s Air Quality Index reaching hazardous levels, the rise in respiratory issues underscores the urgent need for better healt ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
SynopsisOn the technical charts, the RSI of the stock stood at 49.49.Shares of Bajaj Holdings & Investment Ltd. traded 1.41 per cent at Rs 10447.00 at 01:30PM (IST) on Tuesday, even as BSE benchmark Sensex 227.01 points to 79882.84. The stock had closed at Rs 10596.80 in the previous session. The stock quoted a 52-week high price of Rs 11348.50 and 52-week low of Rs 7212.00, respectively. As per BSE data, total traded volume on the counter till 01:30PM (IST) stood at 638 shares with a turnover of Rs 0.68 crore. At the prevailing price, shares of the company traded at 15.71 times its trailing ...Read More >
Samsung's facing a lot of crises and the company has unable to chart a clear path forward, particularly in the semiconductor market, where its foundry is lagging behind, its next-gen memory products are struggling to compete against SK Hynix, and legacy products are under pressure from Chinese companies. The company does a significant employee reshuffle across the entire organization every year. The process has started a bit earlier this time around as there's very much a sense of urgency to improve things. The reshuffle has reportedly seen some senior executives being fired as well. Samsung ...Read More >
- Renewed homepage of Samyang's industrial water treatment solution brand, 'TRILITE' ... Featuring AI chatbot 'TRIGENT' and Design programs 'TriAngle' - Providing tailored and technical information to the user's queries ... Service available in over 100 languages. - Innovative Water Treatment Design Softwares... Ion Exchange Resin and RO membrane SEOUL, South Korea, Nov. 26, 2024 /PRNewswire/ -- Samyang Corporation (CEO Kang Ho-sung) introduced its new website for its water treatment solutions brand, 'TRILITE' (http://www.samyangtrilite.com), along with the launch of an innovative Artificia ...Read More >
During Tuesday's trading session, the shares of a global leader in glass-lined equipment surged nearly 3 percent to Rs. 1,247.5 on BSE, after a foreign portfolio investor (FPI) bought shares worth a total of around Rs. 167.4 crores in the company via a bulk deal. With a market capitalisation of Rs. 5,524 crores, at 02:19 p.m., the shares of GMM Pfaudler Limited were trading in the green at Rs. 1,228.7, up by nearly 1.4 percent, as compared to its previous closing price of Rs. 1,211.3. As per the latest block deal available with the NSE, foreign portfolio investor Amansa Holdings Private Limi ...Read More >
New Delhi: The IPL 2025 mega auction has concluded, with all teams finalizing their squads of at least 18 players. As is often the case, the RCB management finds itself under scrutiny for its player selections. Retaining only three players -- Virat Kohli, Rajat Patidar, and Yash Dayal -- RCB entered the auction with three RTM (Right to Match) cards but opted to use just one, securing Swapnil Singh. Former Indian cricketer Mohammad Kaif expressed his thoughts on RCB's decision to let Will Jacks go to Mumbai Indians for ₹5.25 crore in the IPL 2025 auction. Kaif termed it a "massive miss" for RC ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ -- IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants' gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. IBSAT is designed to reduce the stress on aspirants unlike CAT, XAT as the test does not have negative markings or sectional time limits, allowing candidates to foc ...Read More >
Delhi Capitals made a strong impression at the IPL 2025 Mega Auction, assembling a well-balanced squad for the upcoming season. Key signings included former South Africa captain Faf du Plessis (Rs 2 crore), India pacer Mukesh Kumar (Rs 8 crore - RTM), and Sri Lankan bowler Dushmantha Chameera (Rs 75 lakh). The team also secured uncapped talents like Donovan Ferreira and Ajay Mandal. Co-owner Parth Jindal hailed the squad as “balanced,” while head coach Hemang Badani expressed confidence in their Indian core. Delhi Capitals’ full squad now includes big names like KL Rahul, Mitchell Starc, and T ...Read More >
The IPL 2025 mega auction, held on November 24-25 in Jeddah, saw a record-breaking total of Rs 639.15 crore spent by 10 teams on acquiring 182 players. Among the 577 players up for grabs, 13 Australians were sold, with pacer Josh Hazlewood fetching the highest bid at Rs. 12.50 crore from Royal Challengers Bangalore. Other notable signings included Mitchell Starc (Rs. 11.75 crore, Delhi Capitals), Marcus Stoinis (Rs. 11 crore, Punjab Kings), and Mitchell Marsh (Rs. 3.4 crore, Lucknow Super Giants). Punjab Kings made a significant splash, purchasing five Australian players, including Glenn Maxwe ...Read More >