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's new Sky City Mall -- image credit: Sky City Mall, Incline Realty Apple's retail expansion in India continues, with the latest being a new brick and mortar store planned for the country's newest shopping mall in Mumbai. Following Tim Cook and Deirdre O'Brien opening Apple's first store in Mumbai in 2023, the company is now, as expected, preparing to open a second Apple Store in the city. According to The Hindu Business Line, Apple has signed a lease for 10 years and 10 months for 12,616 square feet in Sky City Mall, Borivali East, Mumbai. Back when Apple first opened retail stores, it aimed to have ones that were around 6,000 square feet. By 2012, that was proving inadequate and an average store was 8,400 square feet. There have always been exceptions, though, and in particular with Apple's flagship stores. The one in London's Covent Garden, for instance, is 40,000 square feet -- and New York's Apple Fifth Avenue is 77,000 square feet. This new Indian store is around 13 miles north of the existing 20,000 square foot Apple BKC. The reason for the unusual 10 years and 10 months lease option is that Apple has secured the first 10 months rent-free. After that, it will reportedly be paying around $21,000 per month in rental for the store. For the first 42 months, Apple will also pay a 2% revenue share per quarter, growing thereafter to 2.5%. This is typical for retail in the area. Separately, Apple is still expected to open new stores in Bengaluru and Pune, as well as a second one in Delhi. Apple also took office space in Bengaluru in 2024. By that time, it was reported that India's first two stores were contributing almost 20% of all of Apple's business in India. The company continues to sell via third-party resellers, plus it is continuing to expand its manufacturing in the country -- despite objections from Trump. Most recently, it was reported that Apple is also increasing its repair services in India, in new deals with the country's Tata Group.
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
NEW DELHI - Foxconn, the main iPhone maker for Apple, has sent over 300 Chinese engineers and technicians back home from its factories in southern India. This decision started around two months ago, just as Apple was stepping up its efforts to move production away from China. The sudden loss of skilled workers could slow Apple's growth plans in India, especially as the company prepares to start making the iPhone 17 series in 2025. The reasons behind this recall are not clear. Neither Foxconn nor Apple have explained the decision. Industry insiders think it may be linked to China's push to co ...Read More >
New Delhi: Indian-origin business executive Sabih Khan, 58, has been appointed the new chief operating officer of Apple, the tech giant said in a statement on July 8. Praising Khan's commitment and dedication, Apple's CEO Tim Cook said that Khan will make an exceptional chief operating officer. Khan has been with Apple for 30 years. Currently serving as Apple's senior vice president of operations, Khan oversees the company's operations and global supply chain. Announcing Khan's appointment, Apple said that it was part of a long-planned succession. The iPhone maker said in a statement, "Apple ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
India's Food and Beverage (F&B) sector has become a key driver of retail real estate growth, recording about 4 million sq ft of leasing across seven major cities since the last two years. Bengaluru led the trend, accounting for nearly one-third of this activity. In response to strong demand, developers plan to allocate up to 25% of space in upcoming destination malls to F&B. By 2028, around 6 million sq ft of F&B space is expected to come up across the top seven cities, a report by JLL India has said. Mumbai and Delhi NCR, alongside Bengaluru, form the trinity driving two-thirds of the nation ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
The India Meteorological Department (IMD) has issued a 'red alert' for Delhi on Thursday. Skies will remain generally cloudy, with moderate to heavy rainfall expected throughout the day. Residents should also brace for possible lightning and gusty winds ranging between 30-40 kmph, potentially reaching up to 50 kmph during heavier spells. A red alert is the highest level of weather warning, signalling extremely heavy rainfall. It indicates serious threats to life and property, with a high risk of widespread flooding, disruption of essential services, and possible evacuation orders. Showers ar ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
New Delhi, Aug 26 (PTI) India's Real Estate Investment Trust (REIT) market is gaining momentum with nearly 140 million sq ft of office and retail real estate already in the portfolio of five trusts listed on stock exchanges, according to Colliers India. Real estate consultant Colliers India noted that the REIT market in India is "steadily progressing from a 'nascent' to 'early growth' stage. Stating that around 500 million sq ft of office assets are REIT-worthy, the consultant said the four listed office REITs currently encompass close to 133 million sq ft of Grade A office space. "Addition ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, either in the Central or state government, it has given various schemes, such as pension, woman and ch ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
New Delhi, Sep 15 (PTI) Silver prices rose by Rs 300 to hit an all-time high of Rs 1,32,300 per kg while gold prices retreated from record levels, dropping by Rs 500, in the national capital on Monday amid firm global trends. According to the All India Sarafa Association, standard gold of 99.9 per cent purity fell by Rs 500 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Monday, snapping its four-day winning streak. On Friday, it had rallied by Rs 700 to a record of Rs 1,13,800 per 10 grams. Gold of 99.5 per cent purity also retreated by Rs 500 to Rs 1,12,800 per 10 grams (inclusive ...Read More >
New Delhi, Sep 15: Silver prices rose by Rs 300 to hit an all-time high of Rs 1,32,300 per kg while gold prices retreated from record levels, dropping by Rs 500, in the national capital on Monday amid firm global trends. Gold Retreats From Record Highs According to the All India Sarafa Association, standard gold of 99.9 per cent purity fell by Rs 500 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Monday, snapping its four-day winning streak. On Friday, it had rallied by Rs 700 to a record of Rs 1,13,800 per 10 grams. Gold of 99.5% Purity Also Declines Gold of 99.5 per cent purity ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, low ...Read More >
New Delhi, July 17: Apple has set a new benchmark in smartphone manufacturing in India, achieving its fastest-ever growth in iPhone production as well as exports during the first half of 2025, the government said on Thursday. The Prime Minister's Office (PMO) took to social media platform X to celebrate the achievement, posting, "Apple harvests record iPhone output from its India orchard," highlighting the country's growing role in global tech manufacturing. According to data by market research firm Canalys, iPhone production in India jumped 53 per cent year-on-year (YoY) between January and ...Read More >
Mumbai: Bombay High Court has now got its fifth bench, located in Kolhapur. The HC bench at Kolhapur will start functioning from Aug 18, as stated in a notification issued on Friday."I, Alok Aradhe, Chief Justice of the High Court of Judicature at Bombay, with the approval of the Governor of Maharashtra, appoint Kolhapur as a place at which Judges and Division Courts of the High Court may also sit, with effect from August 18, 2025," the notification dated Aug 1 said. The other benches of the HC are at Nagpur, Aurangabad, and Goa, apart from the principal bench in Mumbai.Lawyers and bar associa ...Read More >
NEW DELHI: India on Friday distanced itself from the White House's call to award the Nobel Peace Prize to US President Donald Trump, saying any such queries should be directed to Washington. This came after White House Press Secretary Karoline Leavitt claimed that Trump had brokered peace in multiple global conflicts, including between India and Pakistan."As far as the statements of the White House are concerned, please take your question to them," said ministry of external affairs spokesperson Randhir Jaiswal when asked about the Nobel suggestion.Leavitt had claimed that Trump had ended confl ...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 >
Hyderabad: Apple appears to be getting ready to expand its retail footprint in Mumbai with a second retail store in the city. According to documents accessed by real estate data firms CRE Matrix and Propstack, the tech giant has rented over 12,616 square feet of retail space in Borivali (East), a suburb in Mumbai, for a long-term lease of 10 years and 10 months. The upcoming store, reportedly located on the ground floor of Oberoi Realty's Sky City Mall, will be the fourth Apple Store in India. The company already owns two operational stores in the country -- one in Bandra-Kurla Complex (BKC) ...Read More >
July 17 (Reuters) - Futures tracking the Nasdaq and the S&P 500 rose on Thursday, as strong results from Taiwan's TSMC boosted chipmakers after a rollercoaster session marked by concerns about the Federal Reserve's independence. At 5:45 a.m. ET, Dow E-minis were down 24 points, or 0.05%, S&P 500 E-minis were up 5.75 points, or 0.1%, and Nasdaq 100 E-minis were up 41.25 points, or 0.18%. U.S. chipmakers rose in premarket trading after TSMC (2330.TW), opens new tab, the world's main producer of a ...Read More >
The University of Bath is named one of the world's top 150 universities by the QS World University Rankings 2025 Offering leading MSc programmes, the University of Bath School of Management excels in combining world-class education with real-world learning opportunities. The University of Bath's School of Management is rapidly gaining international recognition as one of the United Kingdom's premier business schools. This prestigious university is first in Marketing, second in Accounting and Finance, second in Business and Management Studies in the UK according to The Complete University Guid ...Read More >
New Delhi, July 11 (SocialNews.XYZ) Despite volatility and chaos in the US stock market in the Q2 (April-June) period this year, Indian investors doubled down on their investments in shares of leading US companies, a report said on Friday. The April-June quarter was anything but ordinary for the US stock market, even as the S&P 500 plummeted 13 per cent in April after President Donald Trump's 'Liberation Day' tariff shock. The volatility spiked to crisis level before it started softening after Washington eased its stance on tariffs in mid-May. The S&P rebounded 11.7 per cent, the Nasdaq hit ...Read More >
NEW DELHI: Despite US President Donald Trump's regular rants about Apple's manufacturing in India, company CEO Tim Cook on Thursday confirmed what is generally now more or less known - the "majority" of iPhones sold in the US in the past quarter were Made in India. China - the erstwhile production giant - is only playing a second fiddle and is used more to service non-US markets.Cook, speaking to analysts post the company's quarterly results, said India has been the mainstay when it comes to producing iPhones for the US, while Vietnam is the location for making other products for America such ...Read More >
AI image Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the country's first REIT listing in 2019, the sector has expanded to a market capitalisation of nearly $18 billion as of August 2025. With three more REITs expected in the coming four years, the total is projected to surpass $25 billion, the rep ...Read More >
New Delhi, Jan 31 (PTI) Apple is very keen on India where it has seen record business during the December quarter with iPhone emerging as the top-selling smartphone model, a top company official said on Friday. During the company's earnings call, Apple CEO Tim Cook said India offers a huge growth opportunity for the company. "We have had great results in the emerging market. I am particularly keen on India. India has set a December quarter record. iPhone was top selling in India for the quarter. It is the second-largest smartphone market in the world and third largest for PCs and tablets. So ...Read More >