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: More than 225 acres of forest land in the capital have been made encroachment-free across multiple forest divisions, official data revealed, with the bulk of the clearance reported from the southern parts of the city. According to data compiled by the forest department, around 91.15 hectares of land that translates to roughly 225 acres, have been cleared of encroachments since 2019-20, primarily in the South and West forest divisions, while several other areas are still in the process of reconciliation with land-owning agencies. In the South Forest Division, the highest removal was recorded in the South district, where around 77 hectares or nearly 190 acres of forest land were cleared between 2019-20 and 2024-25, though a year-wise break-up was not given. On the other hand, in the South-East district, about 2.92 hectares or around 7.2 acres was cleared during the same period, with year-wise removal recorded at 0.11 hectares in 2019-20, 1.85 hectares in 2020-21, 0.56 hectares in 2021-22, and nearly none in 2022-23 and 0.4 hectares in 2023-24. In the West Forest Division, about 11.23 hectares, or roughly 27.7 acres, of land have been cleared of encroachments between 2019-20 and 2023-24 in parts of the Southern Ridge in the New Delhi district, including areas such as Rajokari, Rangpuri, Ghitorni and Mahipalpur.
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a t ...Read More >
New Delhi, Apr 7 (PTI) Over 225 acres of forest land in the national capital has been made encroachment-free across multiple forest divisions, according to official data, with the bulk of the clearance reported from the southern parts of the city. Data compiled by the forest department shows that around 91.15 hectares of land, roughly 225 acres, has been cleared of encroachments since 2019-20, primarily in the South and West forest divisions, while several other areas are still in the process of reconciliation with land-owning agencies. In the South Forest Division, the highest removal was r ...Read More >
Patiala/Sangrur: Already reeling from crop damage caused by recent hailstorms, Punjab farmers are staring at more losses as a fresh western disturbance is set to impact the state. The India Meteorological Department (IMD) on Wednesday issued an orange alert for April 3 and 4, warning of rain, thunderstorms, lightning, gusty winds and hailstorms across Punjab. The alert comes at a crucial juncture, with wheat crop ready for harvest and government procurement operations already underway in several ...Read More >
Noida: UP govt has approved the rehabilitation and resettlement (RR) scheme for the third and fourth phases of the Noida International Airport project in Jewar. The decision, which comes just a couple of days after chief minister Yogi Adityanath's on-site inspection, paves the way for acquiring 1,857 hectares across 14 villages and directly impacts the lives of around 16,000 families.The expansion is critical to transforming Noida International Airport into the country's largest greenfield aviation hub. According to officials, the newly approved scheme allows the district administration to beg ...Read More >
Goalpara, July 11: A day before a scheduled eviction drive to clear over 1,000 bighas of encroached forest land in Goalpara district's Paikan Reserve Forest, nearly 95% of the alleged encroachers have already vacated the area, district officials confirmed on Friday. Goalpara Deputy Commissioner Khanindra Choudhury said that the district administration is fully prepared to assist the forest department to ensure a smooth anti-encroachment operation. "Around 90-95% of the settlers have already moved out, dismantling their makeshift establishments and taking away their belongings. Only permanent ...Read More >
Noida: The Noida Authority will soon acquire land off the Noida Expressway to develop an industrial zone in Sector 165. The acquisition will cover approximately 25 hectares of land spread across four villages - Mohiyapur, Gulawali, Dostpur Mangrauli, and Nalgarha. Land for the same will be bought from farmers through mutual consent, which officials noted is a collaborative approach to ensure smooth proceedings. Officials revealed that while the Authority already has a similar area under its possession for Sector 165, about 90% of the required land is located in Gulawali village. The remaining ...Read More >
The southern state has appealed to the central team to extend generous support, stating that Cyclone Montha caused extensive damage far beyond initial expectations. In a detailed presentation to the central team, officials informed that agriculture, horticulture, fisheries, irrigation, housing, and infrastructure suffered heavy damage across 24 districts. The Andhra Pradesh government on Monday revised the estimate of damage caused by Cyclone Montha to Rs 6,384 crore and sought an immediate reli ...Read More >
Nagpur: The Nagpur Metropolitan Region Development Authority (NMRDA) has almost completed the Rs 132.49 crore phase 1 of the Tajbagh renovation and beautification project and is now awaiting Rs 95.87 crore to start phase 2 of the project. Under the first phase, NMRDA strengthened and beautified the main dargah, constructed a shopping complex, a choti dargah, shops, and other structures, including marble flooring. According to NMRDA sources, Phase 1 of the project received Rs 132.49 crore administrative approval, out of which the agency received Rs 128.95 crore, while Rs 3.54 crore is pending. ...Read More >
Bhopal, Sep 13 (SocialNews.XYZ) Investor confidence in the PM MITRA Textile Park in Dhar (Madhya Pradesh) has surged ahead of its grand inauguration, with proposals worth Rs 27,109 crore already received. Major textile organisations and industry groups have expressed strong interest in setting up operations at the park, signaling a wave of industrial expansion and employment generation in Madhya Pradesh. The project is expected to create nearly 3 lakh jobs -- 1 lakh direct and 2 lakh indirect -- while doubling the value of cotton for farmers and energising rural economies. This influx of in ...Read More >
Hyderabad: The Greater Hyderabad Municipal Corporation's (GHMC) order to shut beef shops and slaughterhouses on the Independence Day (August 15) and Krishna Janmashtami (August 16) evoked mixed response from people in the city. While some felt that the beef shops should be closed on Krishna Janmashtami considering religious sentiments, they said the shops could be allowed to function on August 15. While there are no restrictions on chicken, fish, etc., beef shops were ordered to be closed. So many people also wanted the government to specify why such orders were issued -- due to law and orde ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I'm truly overwhelmed and deeply grateful to receive the 71st National Film Award for Best Music Direc ...Read More >