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.
New Delhi, April 7 (SocialNews.XYZ) The Ministry of Electronics and Information Technology (MeitY) on Tuesday unveiled draft amendments to the Information Technology Rules, 2021, proposing a fresh framework to regulate online news and current affairs content, while attempting to address concerns around overreach and censorship. The ministry has opened the draft for public consultation, with the feedback window currently set to close on April 14, although officials indicated that the deadline could be extended to allow for wider participation. Speaking after a stakeholder consultation, MeitY Secretary S. Krishnan sought to allay fears that the proposed changes would expand the government's authority or be used to curb dissent. He dismissed concerns that the rules would lead to the takedown of anti-government content, calling such claims a "myth," and emphasised that any action would remain within the bounds of existing legal and constitutional provisions. Krishnan said the amendments are driven by four key objectives, including enhanced requirements for data and information retention, improved compliance with existing guidelines, clearer definitions of key terms, and structural refinements to make the rules more effective. One of the central changes involves refining the definition of "news and current affairs content," particularly in the context of Section 79(2)(c) of the IT Act, which deals with intermediary liability. According to the secretary, the updated framework aims to remove ambiguity and bring greater clarity to how such content is identified and regulated. The draft also proposes a calibrated shift in regulatory oversight, with certain powers related to news content being shared with the Ministry of Information and Broadcasting. While MeitY will retain overall authority, the move is intended to create a more clearly defined division of responsibilities between ministries. Another significant proposal is the expansion of Part III of the rules to cover not only registered news publishers but also non-registered digital content creators. This would substantially widen the regulatory scope, bringing a broader range of online actors under a unified framework while introducing checks and balances. However, the proposals have sparked debate within the industry. Stakeholders have raised concerns about how intermediaries will be treated under the revised rules, the precise scope of "news and current affairs content," and the adequacy of procedural safeguards to prevent misuse. The government is expected to review stakeholder feedback before finalising the amendments, which could have far-reaching implications for India's digital news ecosystem.
New Delhi: With 15 million registered taxpayers and robust growth in the revenue receipts, the Goods and Services Tax (GST) ecosystem is continuing to evolve with a focus on ease of doing business, better compliance and wider economic participation, the finance ministry said on Monday as the indirect tax system completed eight years. Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago and micro, small and medium enterprises are finding easier access to credit, the ministry said. In FY21, the combined Central and state GST revenue coll ...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: The Ministry of Information and Broadcasting is taking bold strides to position India at the forefront of the global creative economy with the strategic use of artificial intelligence, said Union I&B Secretary Sanjay Jaju. Addressing during a high-profile meeting held on Thursday at T-Hub Hyderabad, he invited India's top AI and ML startups to join the Ministry's ambitious challenges -- Kalaa Setu and Bhasha Setu -- launched under the WaveX Startup Accelerator Platform. Jaju emphasized that these initiatives align with the Prime Minister's vision of nurturing a thriving creator ec ...Read More >
In a transformative step towards reimagining civil service training in India, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, launched the National Standards for Civil Service Training Institutes 2.0 (NSCSTI 2.0) at the Civil Services Officers Institute (CSOI) in New Delhi. The initiative, developed by the Capacity Building Commission (CBC) under the Government of I ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...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 >
Minister Jitendra Singh emphasized the importance of public understanding and participation in India's biotechnology mission, highlighting the goal of achieving a $300 billion bioeconomy by 2030. He noted the significant growth of India's biotechnology ecosystem, driven by supportive policies and partnerships.Science and Technology Minister Jitendra Singh Monday called for a wider public understanding and inclusive participation in India's biotechnology mission, stating that every Indian is a sta ...Read More >
New Delhi, July 10, 2025 -- The Committee to Protect Journalists calls for greater transparency and due process in how Indian authorities handle social media restrictions, following reports of the temporary block of multiple international news organizations' X accounts over the weekend. X accused the Indian government of censoring the press. "This incident once again underscores the serious lack of transparency and accountability in how the Indian government issues and enforces orders for the removal of social media content and the blocking of accounts," said Kunāl Majumder, CPJ's India repre ...Read More >
New Delhi, July 18 (SocialNews.XYZ) India is set to lead the global creative economy with AI-driven innovation, as the startup ecosystem surges especially in the tier 2 and 3 cities, according to the government. In order to ensure inclusive communication and last-mile information delivery in every language across the country, the Ministry of Information and Broadcasting is moving towards adopting AI-based solutions that can bridge linguistic divides. Addressing a meeting with incubators and startups at the T-Hub in Hyderabad, Sanjay Jaju, Secretary of Ministry of Information & Broadcasting, ...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 >
BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi: In a welcome departure, the Union Public Service Commission (UPSC) is adopting a more student-centric approach aimed at reducing the stress of aspirants. In an exclusive interview with ETV Bharat, UPSC chairman Ajay Kumar unveiled a wide-ranging roadmap of reforms -- aimed at reducing stress, enhancing exam transparency, detecting forgery with tech tools, and building inclusive platforms that empower deserving candidates beyond the exam results. "The UPSC Civil Services Examination is one of the most prestigious and competitive examinations in the country. Naturally, the demands ar ...Read More >
New Delhi [India], July 18 (ANI): Ahead of Prime Minister Narendra Modi visit to Bihar on Friday, Rashtriya Janata Dal (RJD) supremo and former Bihar Chief Minister Lalu Prasad Yadav stated that the PM was coming to the state to tell lies. झूठ बोलने आज बिहार आ रहे है प्रधानमंत्री मोदी। क्या आप झूठ सुनना पसंद करेंगे? In a post on social media X, Yadav shared a poster of the PM and wrote, Prime Minister Modi is coming to Bihar today to tell lies. Would you like to listen to lies? The PM will visit Bihar Motihari today, where he will inaugurate and lay the foundation stone of multiple develo ...Read More >
The initiative is a strategic roadmap aligned with the 'Viksit Bharat @2047' vision, building on the achievements of previous Automotive Mission Plans, which promoted the significant growth in India's automotive sector through stakeholder collaboration, the statement explained. 2381;टर में अग्रणी बनाने के लिए इनोवेशन, वैश्विक प्रतिस्पर्धात्मकता और सस्टेनेबल डेवल ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Bengaluru, Jul 1 (PTI) The Karnataka High Court on Tuesday heard arguments in a case filed by X Corp India, the Indian arm of Elon Musk-owned social media platform 'X' (formerly Twitter), challenging the authority of government officials to issue content takedown notices under the Information Technology Act. 'X' Corp informed the court that it had recently received a notice from the Ministry of Railways seeking the removal of a video showing a woman driving a car on railway tracks in Hyderabad. Representing the company, Senior Advocate K G Raghavan argued against what he termed a misuse of o ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
NEW DELHI, July 7: Union Minister of Science & Technology, Dr. Jitendra Singh today called for a wider public understanding and inclusive participation in India's biotechnology mission, stating that every Indian is a stakeholder in the country's bioeconomy. Speaking here during the nationwide celebration of World Bioproduct Day - The BioE3 Way, the Minister reiterated the Government's commitment to realising a $300 billion bioeconomy by 2030. The event, organised by the Department of Biotechnology (DBT) and its agencies BIRAC and iBRIC+, marked a novel national experiment - 'Voices Across the ...Read More >
The Kalaa Setu and Bhasha Setu challenges on the WaveX startup accelerator platform of the Union Ministry of Information and Broadcasting are part of the Centre's efforts to harness Artificial Intelligence to bridge linguistic divides, I&B Secretary Sanjay Jaju said, urging AI startups to make most of the opportunity by participating in them. Chairing a meeting of startups, working on AI/ML-based technology solutions, and incubators from across the country at T-Hub in Hyderabad on Thursday, the ...Read More >
Union Secretary for Electronics and Information Technology (IT) S. Krishnan said on Monday (December 9, 2024) that as India's Internet grows further, investments in reliability would be required. "Yesterday, I was walking through Old Delhi, and if you look up and see the kind of cables carried along the sides of the roads, along the streetlights and lampposts, you wonder, is this what we are relying on?" he said, adding, "It's worse than a spaghetti bowl of cables." Mr. Krishnan said the Interne ...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. Also Read | UK Foreign Secretary David Lammy Meets PM Narendra Modi, Expresses Support for India's Fight Against Cross Border Terrorism (See Pics). According to ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a testament to Prime Minister Modi's development model. Addressing a press conference here on Tuesday, P ...Read More >
Kolkata: Luxmi Group, owner of the iconic Makaibari Tea Estate, has acquired a majority stake in UK-based Brew Tea Co. Brew Tea deals exclusively with orthodox tea and has both an online and offline presence in the UK.Luxmi Group acquired an 80% stake in the company, while the remaining 20% remains with the existing promoters. After Tetley and Typhoo, this acquisition marks another British tea company being acquired by an Indian corporate, though it may not be of the same magnitude.Brew Tea Co was founded in Manchester by Phil and Aideen Kirby and has grown into a specialty tea brand, having a ...Read More >
Chennai: Madras high court has clarified that private self-financing medical colleges are required to pay only a stipend, and not a full salary, to in-service govt doctors pursuing postgraduate or super-specialty courses under the govt quota.A division bench of Justice R Subramanian and Justice K Surender passed the order while partly allowing a batch of appeals moved by Karpaga Vinayaga Medical College and others. They challenged a single judge's order that directed private colleges to pay salaries to in-service doctors studying in their institutions.The appeals were moved based on a GO dated ...Read More >
New Delhi [India], July 18 (ANI): A team of Nand Nagri Police Station launched a special drive against individuals involved in the sale of banned 'Chinese Manjha', amid rising incidents of injuries and nabbed two siblings with 325 rolls on Friday. With Independence Day (15th August) and Raksha Bandhan approaching, the Delhi Police has launched a special drive to curb the sale and use of hazardous Chinese Manjha -- a nylon-based kite string that has caused numerous injuries and fatalities involving people, birds, and animals. Acting on local intelligence, a team led by Inspector Anand Yadav, ...Read More >
Union Minister Piyush Goyal inaugurated the DSCI Advanced Cyber Skill Centre in Mumbai, advancing India's digital security and skill development goals. The center focuses on cybersecurity training, emphasizing women empowerment and inclusivity, aligning with Prime Minister Modi's Digital and Skill India visions, and supporting India's ambition to become the world's skill capital. Union Minister of Commerce & Industry Piyush Goyal has inaugurated the DSCI Advanced Cyber Skill Centre in Mumbai's K ...Read More >
ITANAGAR, 28 Jun: "If you wish to build in India, Arunachal Pradesh is your launch pad. If you seek to invest in sustainability, we offer the greenest canvas. If you dream of bridging tradition with innovation, we welcome you with both hands," said Industries Minister Nyato Dukam, addressing an investment and entrepreneurship workshop on the Uttar Poorva Transformative Industrialization Scheme (UNNATI-2024) and other industrial investment schemes at the state banquet hall here on Saturday. He added, "Let us come together to script the next chapter of Arunachal's growth - one that is inclusiv ...Read More >