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, Apr 7 (PTI) Airlines' grouping Federation of Indian Airlines (FIA) has sought the Centre's help in removal of restrictions of one rotation a day imposed on foreign carriers by Dubai Airport Authorities. In a communication to Civil Aviation Secretary last week, FIA, which represents Air India, IndiGo, and SpiceJet, said continuation of such restrictions on Indian carriers is already leading to anti-competitive market conditions and substantial revenue losses, among others. "As per the said communication, DXB authorities have mandated flight cancellations for the Northern Summer 2026 season, effective from April 20 May 31, applicable to both DXB (Dubai) and DWC (Al Maktoum International Airport). During this period, foreign carriers have been restricted to only one rotation per day, until further capacity becomes available," FIA said in the letter. However, UAE-based carriers such as Emirates and Flydubai have already resumed operations to India at pre-disruption levels and are not subject to similar restrictions, it said. Flights to and from Dubai are experiencing significant disruptions due to regional airspace restriction amid the ongoing war in West Asia. "This differential treatment has resulted in a significantly uneven playing field," FIA alleged, adding that the continuation of such restrictions on Indian carriers is already leading to anti-competitive market conditions, operational inefficiencies, substantial revenue losses, along with passenger inconvenience and disruption. "... FIA respectfully requests the (Civil Aviation) Ministry to urgently examine the matter and approach Dubai authorities for immediate removal of this restriction for Indian carriers so that they can reinstate operations to Dubai to pre-war levels," it said. The FIA also said in the absence of such relief, "we further request the ministry to consider the implementation of appropriate reciprocal measures to ensure parity and fairness -- restricting operations of Dubai carriers to the level of cumulative seat capacity deployed by Indian carriers on services to/from Dubai". PTI IAS RAM TRB TRB
New Delhi, Jun 28 (PTI) A male passenger onboard an Air India flight from Amritsar to the national capital on Saturday behaved in an unruly manner, engaged in verbal altercation with a co-passenger and was handed over to the airport security after landing at the Delhi airport. The incident happened in flight AI454. "During cabin preparations for landing, a member of our cabin crew noticed a passenger standing in the aisle, engaged in a verbal altercation with another passenger. "The second passenger reported to the crew that the individual was being abusive," the airline said in a statement ...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 >
Ahmedabad, Jul 4 (PTI) Body parts found at the site of the June 12 Ahmedabad plane crash have been handed over to six families following DNA tests, a senior health official said on Friday. Ahmedabad Civil Hospital Medical Superintendent Dr Rakesh Joshi said the death toll in the horrific crash continues to be 260 as per officials records, adding the body parts that were handed over on Thursday belong to these victims itself. Incidentally, authorities had announced that the mortal remains of the last victim had been handed over to kin on June 27. "Since the accident was like an explosion, bo ...Read More >
Mumbai, Jun 8 (PTI) The Congress on Sunday staged a protest against the Maharashtra government's decision to allot Mother Dairy's land in Kurla for rehabilitating ineligible slum-dwellers who will be displaced by the Dharavi redevelopment project. City Congress president Varsha Gaikwad, who led the demonstration, targeted the state government's decision with a "surrender" barb, alleging that the opposition by local people was ignored. "The market value of this land is in the hundreds of crores, but it is being handed over to Adani at a nominal price," she alleged. The Maharashtra cabinet la ...Read More >
Mumbai, Jun 8 (PTI) The Congress on Sunday staged a protest against the Maharashtra government's decision to allot Mother Dairy's land in Kurla for rehabilitating ineligible slum-dwellers who will be displaced by the Dharavi redevelopment project. City Congress president Varsha Gaikwad, who led the demonstration, targeted the state government's decision with a "surrender" barb, alleging that the opposition by local people was ignored. Also Read | Encroachers Can't Claim Right To Continue Occupying Public Land, Says Delhi High Court. "The market value of this land is in the hundreds of crore ...Read More >
Bhuj, Jun 29 (PTI) Anil Khimani, the last victim of the horrific June 12 Ahmedabad plane crash identified through DNA tests, has been cremated in Gujarat's Kutch district, bringing closure to the family after two weeks of wait and distress that included submission of samples twice. The 35-year-old, a mason by profession and father of two minor daughters, was on his way to London on Air India Flight 171 to meet relatives when it crashed into a medical college complex in Meghaninagar shortly after taking off from Sardar Vallabhbhai Patel International Airport in what turned out to be one of the ...Read More >
Mumbai, Jun 27 (PTI) India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. For the week ended June 20, foreign currency assets, a major component ...Read More >
Mumbai, Jun 28 (PTI) A Chennai-bound Air India flight was forced to return to Mumbai on Saturday due to a "burning smell" in the cabin. The aircraft, however, landed back safely, Air India said in a statement. "Air India flight AI 639, operating from Mumbai to Chennai, on Friday, June 27, made a precautionary air-return to Mumbai due to a burning smell in the cabin," the airline said in a statement. The flight landed "safely" back in Mumbai, and an aircraft change was initiated, Air India said without giving specific details. The airline further said its ground teams in Mumbai provided all ...Read More >
New Delhi, Jun 28 (PTI) Airport security and adminstration authorities are mulling integration of facial recognition technology and CCTV for staffers apart from deploying other technology tools for faster security checks and reducing queues at these facilities. These measures along with synchronising automatic number plate recognition and FASTag for vehicles was discussed during a "functional workshop of airport sector" organised by the Central Industrial Security Force (CISF) in Delhi on June 27. Also Read | Aurangabad Shocker: Woman Kills Husband With Help of Lover in Bihar; Wife Arrested, ...Read More >
New Delhi [India], July 8 (ANI): Members of Parliament's Public Accounts Committee (PAC) on Tuesday raised serious concerns over aviation safety following the Air India Flight AI-171 crash in Ahmedabad and the sudden surge in flight fares from Srinagar to other cities after the recent terror attack in Pahalgam, according to sources. The Parliamentary panel today met with top officials from the Civil Aviation Ministry and representatives from major airlines. As per sources, several committe members have expressed strong dissatisfaction over the way various airlines drastically increased their ...Read More >
New Delhi, Jul 8 (PTI) Aviation regulator DGCA said on Tuesday it will put in place a mechanism to curb whopping surge in air ticket prices, recently witnessed during the Maha Kumbh and post-Pahalgam terror attack, as the issue coupled with concerns over air safety after the Ahmedabad plane crash dominated proceedings at a parliamentary panel meeting. Air India CEO and MD Campbell Wilson told the committee his airline will complete retrofitting of its fleet in two years to address frequent complaints about its seats and other facilities, and underscored its commitment to flight safety, source ...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 >
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 >
New Delhi, Jun 27 (PTI) Equity investors became richer by Rs 12.26 lakh crore as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shor ...Read More >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...Read More >
New Delhi, Jul 2 (PTI) Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). Also Read | Iran's President Masoud Pezeshkian Approves Law to Suspend Cooperation With IAEA Following Israel, US Strikes. "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasek ...Read More >
New Delhi, Jul 7 (PTI) The Tata Group is focusing on enhancing safety across companies as it has become a "top priority" and is aware that it needs to do more on the issue as it goes ahead with its expansion plans, Tata Sons Chairman N Chandrasekaran said on Monday. He was responding to a shareholders' query regarding safety measures undertaken in the aftermath of the Air India crash and how to avoid such tragedies in other Tata Group firms, while addressing the Annual General Meeting of the Ind ...Read More >
Bhubaneswar, Jul 8 (PTI) Odisha Deputy Chief Minister Kanak Vardhan Singh Deo on Tuesday launched a campaign for promotion of rooftop gardening and urban horticulture. Singh Deo flagged off a rath (vehicle) for promotion of rooftop gardening in five major cities of Odisha here at Krushi Bhavan. Also Read | Shabana Azmi and Javed Akhtar Reiterate Their Faith in Air India After AI 171 Crash As Both Travel to London To Attend Wimbledon 2025; Call It 'Best Inflight Service'. With fast growth and development in the state, the urban areas are growing across the state with construction of numerous ...Read More >
New Delhi: Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. A senior official in the know told PTI that the efforts are on to streamline the regulations for wet-leasing of planes to assist in the growth of the aviation. "Realities of the ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Mumbai, Jun 27 (PTI) Maharashtra on Friday recorded 13 new cases of COVID-19, which took the tally of infections to 2,462, and one death, the health department said. A 65-year-old woman suffering from comorbidities, including rheumatoid arthritis, died in Kolhapur, an official said. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. Since January 1, the state has recorded 2,462 COVID-19 cases and 37 deaths, the department said. Also Read | Did 21-Year-Old Muslim Ma ...Read More >
New Delhi, Jun 29 (PTI) A Delhi-bound Air India flight from Tokyo's Haneda Airport was diverted to Kolkata on Sunday due to "persistent warm temperature" in the cabin. The aircraft, however, landed safely, Air India said in a statement. Alternative arrangements are being made to fly our passengers to Delhi at the earliest, the airline statement said. "Air India flight AI357 operating from Haneda to Delhi on June 29 made a precautionary diversion to Kolkata due to persistent warm temperature experienced in the cabin," Air India said. The aircraft is currently undergoing checks, it stated, a ...Read More >
Gangtok: Sikkim's sole Lok Sabha MP, Indra Hang Subba, on Monday met Sanjay Kumar Jha, Chairperson of the Parliamentary Standing Committee on Transport, Tourism and Culture, and submitted a representation urging urgent intervention to restore flight services at Pakyong airport and improve road connectivity in the northern parts of the State. According to a statement from the MP's office, Subba briefed the committee chief on the challenges faced by residents and tourism stakeholders in North Sikkim, following successive natural disasters -- including the Glacier Lake Outburst Flood (GLOF) on O ...Read More >
Mumbai, Jul 1 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks -- Reliance Industries and HDFC Bank -- also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. How ...Read More >
Mumbai, Jul 3 (PTI) An Air India flight from Delhi to Washington, which took off on July 2, could not complete its journey after it developed a technical glitch during a scheduled refuelling stopover in Vienna, the Tata Group-owned airline said on Thursday. Consequently, its return flight from Washington to Delhi, scheduled on July 2, was also cancelled. Also Read | India Weather Forecast: Monsoon in Active Phase, Heavy Rainfall to Continue in Most Parts of India for Almost Entire Week, Says IMD Scientist. Of late, frequent delays and cancellations of long-haul flights by Air India have bee ...Read More >
Srinagar, Jul 4: Lieutenant Governor (LG) Manoj Sinha Friday said that he was proud to see women breaking barriers in agricultural sciences and technology. In his address at the 6th convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKUAST-K), the LG said, "Proud to see our daughters breaking barriers and achieving success in Agricultural Science and Technology. It reflects a bright future for J&K and the nation." During the convocation, of the 5250 degrees of undergraduate, master's, and PhD, 2661 degrees were awarded to women, of the 150 stu ...Read More >
Srinagar, July 9: An IndiGo flight bound for Delhi was forced to make an emergency landing in Patna after a bird strike caused a technical issue in one of the aircraft's engines, officials told PTI. The flight, which had 175 passengers on board, returned to Patna shortly after takeoff when the bird hit resulted in an engine malfunction. According to News18 Bihar, all passengers were unharmed and the emergency landing was executed safely. The news channel also noted that Patna airport is considered one of the more challenging airports in India due to its short runway and an increased risk of ...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 >
New Delhi, Jun 28 (PTI) The Union government has extended an armed security cover to GVG Yugandhar, the director general of the Aircraft Accident Investigation Bureau, who is leading the probe into the Air India plane crash in Ahmedabad, official sources said on Saturday. Commandos of the Central Reserve Police Force (CRPF) had taken over the charge of his X-category security sometime back based on a Union Home Ministry order, a source said. ...Read More >
New Delhi, Jun 29 (PTI) A Delhi-bound Air India flight from Tokyo's Haneda Airport was diverted to Kolkata on Sunday due to "persistent warm temperature" in the cabin. The aircraft, however, landed safely, Air India said in a statement. Also Read | 8th Pay Commission Update: Central Government Employees to Get 34% Salary Hike From January 2026? Check Details. Alternative arrangements are being made to fly our passengers to Delhi at the earliest, the airline statement said. "Air India flight AI357 operating from Haneda to Delhi on June 29 made a precautionary diversion to Kolkata due to per ...Read More >