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: The Bombay High Court will on Tuesday hear a petition filed by the father and sister of seaman Dixit Solanki, 33, who died in a suspected missile or drone attack on oil tanker MT MKD Vyom in the Gulf of Oman, seeking official DNA verification of the mortal remains handed over to them. The plea, filed by Amratlal Solanki and Mitali Solanki through advocate Satish B Talekar, raises serious concerns over the identification of the remains brought to Mumbai on April 5, 35 days after the fatal incident, and seeks written confirmation of post-mortem findings and DNA authentication. Dixit Solanki, a Kandivali resident working as an oiler in the engine room, died on March 1 after an explosion and fire tore through the Marshall Islands-flagged tanker. The vessel, which had departed Europe on February 8 and was bound for Ras Tanura in Saudi Arabia, was struck near the Muscat coast in the Gulf of Oman, a region witnessing heightened maritime tensions linked to the ongoing West Asia conflict. Official records from India's Directorate General of Shipping described his death as being caused by "fatal injuries as a result of an exploding projectile". Reports indicate that the attack, suspected to involve a missile or explosive-laden drone boat, created a breach in the vessel, triggering the blast in the engine room where Solanki was stationed. He was declared dead by the ship's master, becoming the first reported Indian casualty in the recent escalation of maritime hostilities in the region. The remaining crew, including other Indians, were rescued safely. However, the circumstances surrounding the repatriation of his remains have led to distress and uncertainty for the family. Talekar told the court that the family was informed that the body had been completely charred. "It is very difficult to even ascertain, if the remains are that of a man or a woman," he said, adding that only fragments of skeletal remains had been returned. In their petition, the family stated that no documentation confirming post-mortem procedures or DNA identification was provided to them. Given the absence of any physical means to identify the remains, they have sought a court directive for DNA testing before performing the last rites. The plea also highlights the procedural gaps faced by the family. The Consulate General of India in Dubai informed them that it lacked the facilities and expertise to collect and preserve DNA samples, and that without support from local authorities, it could not undertake the process. The Consulate advised the family to conduct DNA testing in India after the remains were repatriated. Following this, the family approached the Kandivali police for assistance but were allegedly told that the authorities were unable to facilitate the DNA testing, prompting the fresh plea before the high court. A division bench of Chief Justice Shree Chandrashekhar and Justice Gautam Akhand has now posted the matter for further hearing on Tuesday, when it is expected to pass orders on conducting DNA tests through appropriate government agencies.
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
NEW DELHI -- Three people were killed and more than a dozen hospitalized Sunday following a sudden crowd surge at a popular Hindu festival in eastern India, a senior government official said. "There was a sudden crowd surge of devotees for having a glimpse of the Hindu deities during which few people either fainted, felt suffocated or complained of breathlessness," said Siddharth Shankar Swain, the top government official in Puri. MAD DASH Police personnel and relatives of victims, who lost their lives in a crowd surge at a Hindu religious procession, wait at a hospital in Puri, India, on Ju ...Read More >
Mumbai: The Bombay High Court has raised concern over terminally ill prisoners languishing in Maharashtra's jails and asked the state govt to consider proper implementation of an advisory on grant of medical bail or to place them in house arrest. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan on Monday said they visited the Yerwada central prison in Pune on Sunday and met with prisoners, particularly women inmates, and inspected the condition there. The bench referred to a ...Read More >
Bengaluru, June 7: The Special Wing of the Criminal Investigation Department (CID) will begin its probe into the Chinnaswamy stampede tragedy, which claimed 11 lives on June 4, starting Saturday. Concurrently, the magisterial enquiry by the Deputy Commissioner of Bengaluru Urban district is also progressing. Sources confirmed that the CID probe will be headed by SP Shubanvita and Dy SPs Gowtham and Purushottam were named as investigators. The CID is likely to seek custody of the four arrested accused, who were sent to jail, for questioning on Monday, June 9. The department has already filed a ...Read More >
Guwahati: Police on Thursday discovered skeletal remains, suspected to be those of a Sikkim school teacher who went missing approximately seven months ago, from a house in Siliguri, West Bengal. According to District Superintendent of Police Karma Gyamtso Bhutia, authorities believe Passang Doma Sherpa, a Nepali teacher at a government school in Namchi district, Sikkim, is the deceased. She had been missing since August 7, 2024, and her family filed a missing persons report at the Namchi police station. Ready for a challenge? Click here to take our quiz and show off your knowledge! "The pol ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...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: The three-year-old war between Russia and Ukraine is not coming to an end, rather the war between the two countries seems to be reaching a dangerous turn. After the destruction caused by Ukraine's drone attack by entering Russia and Putin's retaliation on it, the threat of a nuclear showdown has increased. Military experts say that if Ukraine loses, then European countries will be Russia's next target directly. Ukraine currently acts as a buffer zone between Russia and Europe. As soon as it surrenders its weapons, Russia will reach directly to the European border. French President ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Lucknow: Authorities on Tuesday carried out a seven-hour demolition drive at the 185-year-old Noori Masjid in Fatehpur, Uttar Pradesh, as part of a highway widening project on the Banda-Bahraich route. About The Action The action, involving five bulldozers, began at 8 am and continued until 3 pm, during which a portion of the mosque was also razed. Heavy security was deployed, including forces from multiple police stations, DSP-level officers, and a Rapid Action Force (RAF) unit. The area around the mosque in Lalauli town was sealed off within a 500-meter radius, and around 25,000 residents ...Read More >
Bengaluru stampede: Coming down heavily on lax policing in the aftermath of the stampede that took place during the Royal Challengers Bengaluru (RCB) victory parade, Karnataka CM Siddaramaiah on Thursday suspended senior Bengaluru police officers including city Police Commissioner 'with immediate effect'. Informing of the steps taken after 11 people were killed in the stampede on Wednesday, the chief minister said, "Cubbon Park Police Station Police Inspector, Station House Master, Station House Officer, ACP, Central Division DCP, Cricket Stadium in-charge, Additional Commissioner of Police, ...Read More >
Karnataka Deputy Chief Minister D K Shivakumar expressed grief over the stampede near Chinnaswamy Stadium, lamenting the loss of lives and the damage to Bengaluru's reputation. He dismissed opposition allegations and accusations of playing politics, emphasizing the government's responsibility.Karnataka Deputy Chief Minister D K Shivakumar on Thursday turned emotional over the loss of lives due to the stampede near the Chinnaswamy Stadium and said that Bengaluru has lost its image due to the incid ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
Bengaluru, Jun 27 (PTI) The discovery of a seemingly stale carcass of a cow in Hugyam forest range in Mahadeshwara Hills on Friday strengthens the doubt that the death of a tigress and her four cubs could be due to poisoning, officials said. These five tigers were found dead in this forest on Thursday. It is suspected that the miscreants had poisoned the cow, and after eating it, the tigress and its cubs might have died. "Either the bovine was poisoned before being left in the forest, or the owner of the cattle, after spotting the dead cow, would have spread poison on its body, which the ti ...Read More >
Hyderabad: In a major crackdown on illegal water supply operations, HYDRAA (Hyderabad Residents Awareness and Action Association) filed a formal complaint against several water tanker operators accused of illegally drawing polluted water from Sunnam Cheruvu in Madhapur and supplying it to hostels and residential areas. Acting on the complaint, Madhapur Police registered a case against multiple private tanker operators who were reportedly extracting water from unauthorised borewells and selling it under the pretext of clean drinking water. HYDRAA revealed that the contaminated water was being ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi, June 6 (UNI) The Supreme Court on Friday declined to grant an urgent hearing to a petition challenging a Bombay High Court order that permitted animal sacrifice near a Dargah located within Vishalgad Fort in Maharashtra's Kolhapur district during the Bakr-Eid celebrations on June 7. The plea, mentioned before a vacation bench comprising justices Sanjay Karol and Satish Chandra Sharma, sought immediate intervention against the June 3 High Court order allowing the ritual sacrifice at the historically protected site. The petitioner's counsel argued that Vishalgad Fort is a notified p ...Read More >
Bengaluru: The Karnataka State Cricket Association (KSCA) administrative committee on Friday moved the High Court seeking the quashing of the FIR against them in connection with the stampede that occurred outside the Chinnaswamy Stadium on Wednesday. The petition filed by committee president Raghuram Bhat, secretary A Shankar, and treasurer E S Jayaram is scheduled for hearing at 2.30 pm today before a bench of Justice Krishna Kumar. Police on Thursday registered an FIR against RCB, event management firm DNA Entertainment Private Limited, and Karnataka State Cricket Association (KSCA). Karna ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi, Jun 27 (PTI) India has so far evacuated more than 4,400 Indian nationals from Iran and Israel in 19 special flights under Operation Sindhu launched on June 18 to bring home its citizens amid an ongoing conflict between the two countries, according to the Ministry of External Affairs (MEA). The evacuated Indian nationals included "more than 1,500 women and 500 children", the MEA said in a statement on Friday. Also Read | PM Narendra Modi To Begin 5-Nation Tour on July 2 To Strengthen Global Partnerships. "The government of India is deeply committed to the safety and well-being of ...Read More >
Bahraich, June 28: Two minors allegedly killed a man by slitting his throat and then crushed his head with a stone to steal his iPhone to create "high-quality reels" for more likes, police said on Saturday. Police have held both the accused and initiated investigations. The victim, Shadab (19), who lived in Bengaluru, was visiting his ancestral village of Nagaur in Bahraich for his maternal uncle's wedding. Additional Superintendent of Police, Ramanand Prasad Kushwaha, said that the incident occurred on the night of June 20. "Shadab was reported missing on June 21, and his body was discovered ...Read More >
Dehradun (Uttarakhand) [India], December 3 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami said on Tuesday that the implementation of the new criminal laws has proven to be a significant milestone in making the Indian justice system more "transparent, effective and in tune" with the needs of the present society. Talking about the laws in a post on X (formerly Twitter), the Uttarakhand CM said, "These landmark criminal laws have proved to be a milestone in making the Indian justice system more transparent, effective and in tune with the needs of the present society. These changes mark th ...Read More >
Shillong, Jun 5 (PTI) Rescuers on Thursday made no headway in the search for Sonam Raghuvanshi, a tourist from Indore whose husband was found dead in a gorge a few days ago, in Meghalaya's East Khasi Hills district, police said. Heavy rainfall and low visibility affected the search operation in Sohra area. Raja Raghuvanshi (29) and his wife Sonam had gone missing on May 23, hours after they checked out of a homestay at Nongriat village in Sohra area. His body was found on Monday in a gorge 20 km from the village, while a search is underway for his wife. "Extreme weather conditions at Sohra ...Read More >
Defending the suspension of Bengaluru police commissioner B Dayananda and other police officials for the stampede outside the Chinnaswamy Stadium that killed 11 people, Chief Minister Siddaramaiah on Friday said, prima facie those who have not fulfilled their responsibility properly have been suspended. While speaking to reporters, he accused BJP and JD(S) of doing politics on the issue. Responding to a question on BJP and JD(S) demanding his and Deputy CM D K Shivakumar's resignation and accus ...Read More >
India has launched an investigation after an endangered tigress and her four cubs were found dead in a protected forest in the southern state of Karnataka, an official said Friday. State forest minister Eshwar Khandre said the "unnatural" deaths were "extremely tragic and distressing" and that an investigation team had been formed. Local media reports said forest officials suspected poisoning. The tigress had reportedly killed a cow days earlier, and poison may have been laced into the carcass ...Read More >