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: The total number of flights cancelled by Indian carriers since the beginning of the West Asia crisis has crossed 10,000, Asanga Chuba, Joint Secretary, Civil Aviation Ministry, said on Tuesday. The number of flights operated per day have reduced drastically, he explained. Responding to a query during an Inter Ministerial briefing on the West Asia crisis, Chuba said, "On an average, Indian carriers operate between 300 and 350 flights per day between India and the Gulf Region and today that number has gone down to 80 to 90 flights per day due to the ongoing crisis. "Beginning February 28, the total number of flights cancelled by Indian carriers is more than 10,000." He conceded that airlines were under immense pressure. "There is pressure on the airlines on two fronts - 50% of all international operations by Indian carriers are to this region. International flights are a good source of revenue for the airlines. It has definitely impacted their revenue and obviously impacts the financials of the airlines," he added. The carriers have demonstrated resilience, he felt. The Indian carriers to Europe and Northern America need to take a longer route and this impacted their travel time and operational costs, he said. To a query on the relaxations given, particularly the Flight Duty Time Limitations to the crew, the Joint Secretary said, "The relaxation will be revisited. It is an evolving situation. Due to the intervention of the government, the increase in fares on the domestic route was just a moderate increase.
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 >
Nearly 1,200 Indian nationals, most of them students, have left Iran since the start of the West Asia conflict by crossing via land borders to Armenia and Azerbaijan, while three Indians were injured in attacks in the United Arab Emirates (UAE), officials of the external affairs ministry said on Wednesday. About 9,000 Indians, including students and businesspeople, were in Iran when military strikes by Israel and the US on February 28 triggered the conflict. Scores of students were moved from ci ...Read More >
NEW DELHI: The impact of the West Asia war between Iran and Israel has started taking a toll in India, as the country has significantly increased the prices of commercial LPG cylinders, Aviation Turbine Fuel (ATF), and premium petrol and diesel on Wednesday. For the first time, Aviation Turbine Fuel (ATF), or jet fuel -- which constitutes 40% of the total operational expenditure of airlines -- was more than doubled, rising 115% to a record ₹2.07 lakh per kilolitre on Wednesday from March levels. However, for domestic airlines, the price hike was capped at 25%, with the government allowing onl ...Read More >
Bengaluru (Karnataka) [India], March 2 (ANI): Karnataka Chief Minister Siddaramaiah on Monday urged Prime Minister Narendra Modi to take swift measures to safeguard Kannadigas and other Indian nationals affected by escalating tensions in the Middle East region. In a post shared on X, Siddaramaiah said, "I have written to the Prime Minister seeking urgent action to safeguard Kannadigas and other Indians affected by the escalating Middle East tensions. I have urged strengthened diplomatic outreach, preparedness for special repatriation flights if required, and coordinated support through embass ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, March 30: India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict. Responding to questions in the Rajya Sabha, Naidu assured that the country's aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war. "India currently has adequate ATF reserves and does not foresee any shortage in the near future," he said. "India follows a balanced production system for ATF, where n ...Read More >
Mumbai, March 31: Gold prices in Dubai edged slightly higher on Tuesday as the month drew to a close, reflecting a modest rebound in international markets. Retail rates in the "City of Gold" saw 24-carat gold trading at approximately AED 541.75 per gram, a slight increase from previous sessions. The market remains influenced by a complex interplay between a strong US dollar and persistent safe-haven demand triggered by ongoing geopolitical tensions in West Asia. Local jewellers in the Deira Gold Souk and major shopping centres noted a steady flow of buyers, particularly those looking to hedge ...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 >
Navi Mumbai (Maharashtra) [India], October 8 (ANI): Prime Minister Narendra Modi on Wednesday inaugurated the Navi Mumbai International Airport (NMIA), one of India's most ambitious infrastructure projects and a defining milestone in the nation's aviation journey. Speaking on the occasion, the Prime Minister said that Mumbai's long wait was over as the city had now received its second international airport. He added that the Navi Mumbai International Airport would play a major role in establishing the region as Asia's biggest connectivity hub. Also Read | Lakshmi Menon Case: Kerala High Cour ...Read More >
New Delhi, March 2 (SocialNews.XYZ) Prime Minister Narendra Modi and his Canadian counterpart Mark Carney discussed ongoing global issues, including the current situation in Iran, the Ministry of External Affairs (MEA) said on Monday. While addressing a special briefing on Carney's visit to India on Monday, Secretary (East) in MEA, P Kumaran, stated that PM Modi, during the meeting, said that India is deeply concerned about the recent developments in Iran and the Gulf region. He mentioned that PM Modi has urged all sides to avoid escalation and follow the path of dialogue and diplomacy to de- ...Read More >
New Delhi, Apr 1 (PTI) Civil Aviation Minister K Rammohan Naidu on Wednesday said public sector oil marketing companies' decision to implement a partial and staggered increase in jet fuel prices for domestic airlines will help in shielding passengers from sharp fare hikes. Aviation Turbine Fuel (ATF) accounts for around 40 per cent of an airline's operational costs. Naidu said that with ATF prices have been deregulated since 2001 and revised monthly based on international benchmarks. Facing extraordinary pressure due to global energy disruptions and the closure of the Strait of Hormuz, a st ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Thursday said he had a "very good conversation" with French President Emmanuel Macron.In a post on X, PM Modi said: "Had a very good conversation with my friend President Macron. Exchanged views on efforts for peaceful resolution of conflicts in Ukraine and in West Asia. Reaffirmed our commitment to further strengthen the India-France strategic partnership."Macron has taken a tough line against Moscow, warning that Russian President Vladimir Putin remains a serious threat. In a recent interview, he described Putin as "a predator, an ogre at our gates" ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simulta ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
New Delhi [India], September 30 (ANI): Congress MP from Thiruvananthapuram, Shashi Tharoor, expressed concern over reports suggesting large-scale cancellations of Air India Express services from Kerala's airports in the upcoming winter schedule, urging the airline not to treat the state as an "afterthought". In a post shared on social media platform X on Monday, Tharoor said he had written to Air India CEO and MD Campbell Wilson, conveying his strong objection to what he described as the airline's withdrawal of flights from key international airports in the state. The Congress MP wrote, "I h ...Read More >
The government on Tuesday appointed senior Indian Administrative Service (IAS) officer Vir Vikram Yadav as the Director General of the Directorate General of Civil Aviation (DGCA), replacing Faiz Ahmed Kidwai. Kidwai, a 1996 batch IAS officer of Madhya Pradesh cadre, has been appointed as additional secretary in the department of personnel and training (DoPT), according to an order by the Appointments Committee of the Cabinet (ACC). Yadav, an Odisha cadre IAS officer who replaces Kidwai at DGCA ...Read More >
India today (1 April) increased the prices of commercial LPG and jet fuel on the back of a surge in global oil prices linked to the West Asia conflict. The price of a 19-kg commercial LPG cylinder has been hiked by Rs 195.50, and it now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. This is the second time that rates of commercial LPG, which are used mostly by restaurants, roadside dhabas and small hotels, were hiked in a month. The last increase came on 1 March when it went up by Rs 114.5 per 19-kg cylinder. The price of Aviation Turbine Fuel (ATF) was more than double ...Read More >
Mumbai, Apr 1 (PTI) Benchmark indices Sensex and Nifty closed nearly 2 per cent higher on Wednesday, in tandem with a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. The 50-share NSE Nifty climbed 348 points or 1.56 per cent to end at 22,679.40. A drop in crude oil prices also boosted the market sentiment. From the 30-Sensex firms, T ...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 [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil marketing companies, in consultation with the Ministry of C ...Read More >
Kochi, Mar 11 (PTI) Prime Minister Narendra Modi on Wednesday attacked Congress and its leader Rahul Gandhi, alleging that he is unaware of the development happening in the country and accused the grand old party of playing politics over the West Asia crisis. At a BJP-led NDA rally here, Modi stated that Kerala's pattern of alternating between LDF and UDF governments must end for the benefit of the state. He urged the people of Kerala to give the BJP-led NDA a chance to serve them for the next five years as it comes with "Modi's guarantees". The PM said that people were ready to move away f ...Read More >
* Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks. * Two Indian tankers, Pushpak and Parimal, are safely transiting the strategically vital strait. * A Liberian-flagged tanker with an Indian captain cleared the strait and docked in Mumbai. Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Iran has dismissed reports claiming Tehran has allowed India-flagged tankers to pass through the Strait of Hormuz amid a worsening global energy ...Read More >
India and Iran have been in touch in recent days over issues related to maritime movement and energy security, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal said S Jaishankar and Iran's foreign minister had spoken three times recently. "Iran foreign minister and India's Jaishankar have had 3 phone calls in recent days to discuss safe passage of ships, energy security," Jaiswal said. India has been closely monitoring developments in West Asia as tens ...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 >
New Delhi [India], March 30 (ANI): A total of 8 Indian nationals have lost their lives in West Asia as the conflict in the Gulf region enters its second month. One person also remains missing, a senior official from the Ministry of External Affairs informed on Monday. The official added that the Indian mission in Kuwait is working closely with local authorities to ensure the early repatriation of the mortal remains of an indian national who lost his life in an attack in Kuwait. Aseem Mahajan, Joint Secretary (Gulf), made the remarks at the Inter-Ministerial briefing here in the national capit ...Read More >
Hyderabad (Telangana) [India], March 30 (ANI): A delegation of Bharat Rashtra Samithi (BRS) MLAs and MLCs on Monday met the Governor of Telangana, Shiv Pratap Shukla, and submitted a formal complaint seeking an inquiry into the alleged illegal mining and land-grabbing activities of Minister Ponguleti Srinivas Reddy. The BRS delegation held a detailed meeting with the Governor at Raj Bhavan for nearly an hour, during which they presented documentary evidence related to large-scale irregularities, including illegal mining operations and unlawful land encroachments linked to the Minister. Also ...Read More >
Cochin (Keralam) [India], April 1 (ANI): The mortal remains of 20 Indian nationals who died due to various causes in Kuwait recently arrived at Cochin International Airport in Kerala on Wednesday, according to officials. Among the deceased was 37-year-old Santhanaselvam Krishnan from Muthukulathur in Tamil Nadu's Ramanathapuram district, who was killed in a drone strike on a water desalination plant. The other 19 individuals had died due to separate incidents and natural causes, but their repatriation had been delayed because of the regional conflict. A total of 8 Indian nationals have lost ...Read More >
New Delhi: Nineteen vessels carrying energy supplies for India are currently stranded near the Strait of Hormuz, Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping and Waterways, said. Of these, 10 are foreign-flagged vessels transporting cargo meant for India, while nine are Indian-flagged ships loaded with energy supplies. Addressing the media at an inter-ministerial press briefing on West Asia, Sinha said, "There are three vessels carrying LPG. They're all flying foreign flags. Then there are four crude oil tankers, also all under foreign flags. For LNG, there are thr ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil marketing companies, in consultation with the Ministry of C ...Read More >