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.
Hyderabad: Liquor and beer prices are expected to rise from May. Breweries and distilleries have asked for a price hike, reportedly citing global supply disruptions triggered by the US/Israel- Iran war and a sharp rise in production costs due to escalating fuel and natural gas costs. The government has referred the proposals to a judicial committee headed by a retired judge and sought a report within a week, official sources said. Breweries and distilleries said there was a 40 per cent drop in glass production, a 20 per cent increase in bottle costs, and higher raw material expenses due to the war. The government was reviewing proposals for a hike of between 12 and 15 per cent, with increases likely to be implemented in phases based on brand category and bottle size. The government had last revised liquor prices in May 2023, and a review is due every two years as per norms. While the revision was scheduled for May last year, the proposals were kept on hold. Breweries and distilleries submitted revised proposals on Tuesday, against the backdrop of geopolitical tensions and supply disruptions. A key factor contributing to the price hike was stated to be the decline of about 40 per cent in glass production, due to natural gas shortages. This has increased bottling costs, with prices of empty bottles rising by around 20 per cent. Several glass manufacturing units have reportedly reduced output or shut down, further aggravating supply constraints. The government is yet to take a final decision. Sources said a file containing the recommendations had been forwarded to the judicial committee which will assess cost factors and market impact before submitting its report. The government will take a final call based on this report. Adding urgency to the issue was the seasonal spike in demand, put at 30 per cent, as consumption of beer and liquor typically rises during the summer. Experts have cautioned that a shortage of beer cannot be ruled out if rising production costs were not addressed. Though no visible shortage has emerged yet, supply is said to be moderating.
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...Read More >
Noida: Liquor revenue in the city jumped by 35% in the first quarter of 2025-26 compared to the same period last year. The city recorded Rs 625 crore in liquor revenue from April to June 2025, compared to Rs 462 crore during the same period in 2024-25.According to excise department data, the revenue in the first quarter of 2023-24 was Rs 430 crore, showing a 7% growth between 2023-24 and 2024-25 and a much larger jump this year.The sharp rise is attributed to the new liquor policy in the state, which made significant structural changes to the retail and licensing system.The month-wise revenue ...Read More >
Chhattisgarh's Economic Offences Wing (EOW) and Anti-Corruption Bureau have filed a fourth supplementary charge sheet against 29 people in a special court in Raipur in connection with the alleged illegal sale of unaccounted and duty-evaded liquor through state-run outlets. The liquor is alleged to have been sold under the protection and coordination of officials, including assistant district excise officers, deputy commissioners. In a statement on Monday, the EOW said that the fresh charge sheet was filed based on digital evidence, financial records, and over 200 witness statements gathered ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
VIJAYAWADA: Andhra Pradesh recorded a 6.11 per cent rise in liquor sales value in 2025-26, though overall revenue growth remained marginal. The total sales value increased to '31,237 crore from '29,440 crore. Sales of both Indian Made Liquor (IML) and beer registered significant growth. Despite higher volumes, total revenue rose by only 0.68 per cent, reflecting the impact of pricing changes and reduced contributions from other revenue streams. Year-to-date data from April 1 to March 31 shows IML sales increased from 362 lakh cases to 414 lakh cases, a growth of 14.59 per cent. Beer sales s ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
Hyderabad: It's not just about holograms, a series of documented exchanges reveal multiple instances of friction between excise minister Jupally Krishna Rao and principal secretary (excise) Syed Ali Murtaza Rizvi, who opted for voluntary retirement. According to official records, in possession of TOI, Jupally had repeatedly raised objections to the way departmental files were handled by Rizvi, alleging that certain actions led to revenue losses for the govt. In one case involving a hotel that sought an extension of its bar licence and a change of premises, the excise commissioner had recommend ...Read More >
UP News Updates: Alcohol lovers in Buland Shahr, Uttar Pradesh, have destroyed all previous sales records during the festive Diwali season. Between October 19 and October 24, alcohol addicts in the district spent Rs 10.47 crore on alcohol in just six days. Additionally, it was a huge success for the Excise Department, demonstrating how enthusiastically and jam-packed the area was during Diwali. The Excise Department has reported that sales of alcoholic beverages have skyrocketed during these six days of the holiday season. Buland Shahr liquor enthusiasts purchased whiskey in every category, b ...Read More >
Sales of induction cooktops and electric kettles have surged in the wake of cooking gas supply concerns due to the war in West Asia, according to industry players. The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and g ...Read More >
Lucknow, Jul 9 (PTI) Six states, including Punjab and Karnataka, sent teams to study the Uttar Pradesh's excise policy, which helped the state increase revenue every year, a state minister said on Wednesday. Speaking with PTI, Uttar Pradesh Excise and Prohibition Minister Nitin Agrawal said that teams from six states of Odisha, Madhya Pradesh, Andhra Pradesh, Karnataka, Maharashtra and Punjab visited the state to study the excise policy. Asked about the policy features that were liked by the states, the minister said that the states came to study the UP's revenue model which increased the st ...Read More >
Police recovered a total of 42 cartons of alcohol, loaded on the backs of the camels. Three camels, a band of five men, and narrow dirt tracks in forests. This unlikely setup was the backbone of an illegal liquor smuggling operation into South Delhi -- until Delhi Police busted the racket on Thursday, arresting all five men along with their unlikely accomplices: the camels. According to a police officer, the accused used forest routes to avoid detection, but vehicles often struggled to pass thr ...Read More >
New Delhi, Oct 31 (SocialNews.XYZ) The spending through unified payments interface (UPI) during the festival period (Dussehra to Diwali) increased to Rs 17.8 lakh crore, up from Rs 15.1 lakh crore from the previous year, a report said on Friday. In September, UPI witnessed a seasonally unadjusted month-on-month (MoM) increase of 2.6 per cent in value terms, the report from Bank of Baroda said. The UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments ...Read More >
New Delhi: The government has raised the administered price mechanism (APM) gas price for state-run producers like state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) to $7 per mmBtu, up from $6.75 per mmBtu. The revision follows the pricing mechanism that the government had approved in 2023, according to an official notification. The revision applies to gas produced from legacy fields under the regulated pricing regime. APM gas makes up for about 60 per cent of the domestic gas production at 92 million standard cubic metres per day, and a hike in its rates will imp ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
NEW DELHI: Five people were arrested for using camels to transport alcohol from Faridabad to Delhi. A total of 42 cartons containing illicit liquor, 24 bottles of beer, and three camels used in the illegal transportation were recovered, police said on Friday. The accused have been identified as Vinod Bhadana (48) and Sunil Bhadana (38), residents of Faridabad; Rahul (22) and Ajay (25), residents of Delhi; and Saurabh (26), a resident of Uttar Pradesh. Sunil was previously involved in a criminal case, Rahul in two cases, and Ajay in one case, according to police. Police said they ramped up l ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
The longer-term implications are complex. India is achieving its fuel-blending targets, but at the cost of crop diversity. India's farmlands are in the middle of a quiet-but-dramatic shift. New government data show that crops linked to the ethanol economy -- sugarcane and maize -- are steadily expanding, while oilseeds like soybean, a critical crop for the country's edible oil security, are losing ground. This pattern is visible across states, being reinforced by policy incentives guaranteeing demand for ethanol feedstock. Bump for some The Ministry of Agriculture's latest weekly progress r ...Read More >
NEW DELHI: Baltej Singh, nephew of Satwant Singh, one of the two bodyguards who had assassinated the then PM Indira Gandhi in Oct 1984, was running an international Meth cartel spanning Canada, India and New Zealand in cahoots with pro-Khalistan elements in these countries. The drug money was funding the so-called Khalistan movement, and Baltej was one of the masterminds and main fundraisers for the anti-India and pro-Khalistan rallies in Auckland, sources said.A probe into his pro-Khalistan drug trafficking ring is likely to begin in Canada.Arrested in Auckland in March 2023 in a case that sa ...Read More >
VIJAYAWADA: The Special Investigation Team (SIT) probing the alleged multi-crore liquor scam during the previous YSRCP regime, arrested Rajampet MP PV Mithun Reddy on Saturday. SIT has arrested 12 persons so far in connection with the case, including former Chandragiri MLA Chevireddy Bhaskar Reddy. Mithun Reddy was named as A4 in FIR registered by CID, and SIT questioned him for more than seven hours before he was taken into custody. It also filed chargesheet in the case. After the Supreme Court denied him anticipatory bail on Friday, Mithun Reddy appeared before SIT in Vijayawada city polic ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...Read More >
Hyderabad, April 6 (RAHNUMA):Liquor and beer prices in Telangana are set to rise, driven by global supply disruptions and surging seasonal demand. The ongoing geopolitical tensions, particularly the war involving Iran and the United States, have impacted fuel availability and natural gas supplies, pushing up production costs. While the demand for alcohol typically surges during the Summer season and moreover, beer sales specifically witness a massive spike during the month of May, reports suggest ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Udaipur: Effective measures including blockades, patrolling, and raids have been implemented as part of a special preventive campaign to curb the illegal manufacturing, storage, transportation, and sale of liquor during the Diwali festival in the state. Actions have been taken across various districts, including Udaipur, Sriganganagar, Bikaner, Hanumangarh, Jaipur, Alwar, and Anupgarh, resulting in the registration of cases.Excise Commissioner Shivprasad Nakate, has directed excise enforcement teams to adopt a zero-tolerance policy against liquor smuggling from other states, illegal transporta ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
New Delhi, Apr 3 (PTI) The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compatible utensils. The meeting, chaired by Commerce and Industry Minister Piyush Goyal, was attended by ...Read More >
New Delhi: India has issued a global tender for the import of 2.5 million tonnes of urea to bolster the reserves of the most-used soil nutrient ahead of the main planting season that begins in June. Indian Potash Ltd (IPL) issued the tender for bulk import of granular and prilled urea. It must be loaded onto a ship that must depart the export location before June 14, according to the tender issued on April 4. Urea imports in India are handled through a structured electronic bidding process run by Government-backed trading firms IPL, Rashtriya Chemicals & Fertilizers Ltd and National Fertiliz ...Read More >
New Delhi: India is considering measures to encourage companies to ramp up production of induction cooktops and utensils such as electric cookers amid surging demand, with the Iran war disrupting cooking gas imports, said an official. Towards this, a meeting was held on Friday chaired by commerce and industry minister Piyush Goyal and attended by senior officials including secretaries of the Department for Promotion of Industry and Internal Trade (DPIIT) and power ministry, as well as the Director General of Foreign Trade. The simmering conflict has severely affected the movement of ships ca ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant on China for high-precision tools, specialized machinery, and critical components. Over the past eigh ...Read More >
New Delhi: The Centre on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30. The government, however, aims to give a huge relief to sectors such as pharmaceuticals, chemicals and textiles, among others, and ensure supply stability amid the ongoing West Asia crisis. Crucial chemicals like ammonium nitrate, methanol, and PVC for three months have been waived from import duty, starting April 2. As part of the emergency measure of the government, the decision comes at a time when disruption in shipping routes amid the West Asia war has rais ...Read More >