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.
The Brihanmumbai Municipal Corporation (BMC) is set to present an amnesty proposal to the standing committee Wednesday, aiming to allow the issuance of occupation certificates (OC) for all residential buildings constructed before 2016. After several years of discussions, this initiative is expected to provide relief to around 12 lakh homeowners living in approximately 25,000 residential buildings across Mumbai. In December last year, the state government's Urban Development Department (UDD) appr
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
MUMBAI: The BMC'S standing committee on Wednesday approved a cost escalation of over ₹2,000 crore of the Gargai dam project with a majority vote. The proposal to sanction ₹5,051 crores, a significant hike over the initial BMC estimate of ₹3,105 in 2020, was passed with a vote after the opposition questioned the move. The entire standing committee had on March 11 held back the escalation proposal of ₹5,396 crore, demanding an explanation for the escalation. Following the committee's refus ...Read More >
Bhopal (Madhya Pradesh): The Bhopal Municipal Corporation (BMC) is set to miss its revenue target for the 2025-26 financial year by a wide margin, raising concerns over the city's financial health. Against a total target of Rs 700 crore, the corporation has collected only Rs 536 crore so far, leaving a gap of nearly Rs 164 crore with just one day remaining. The corporation had projected Rs 410 crore from property tax, but has managed to collect only about Rs 270 crore as of March 30. This is only a slight improvement over last year's Rs 258 crore, despite claims of a 20% increase in collecti ...Read More >
MUMBAI: The Bombay high court on Thursday asserted that it would not allow any illegality in any building, while coming down heavily on the Brihanmumbai Municipal Corporation (BMC) for turning a blind eye to what it said were glaring violations in Willingdon View, a high-rise in Tardeo. "This is going to be an example for all buildings and high-rises," said a division bench of justices GS Kulkarni and Arif Doctor, days after observing that the upper 18 floors of the 34-storey building were occupied illegally as they don't have an occupancy certificate (OC). The court on June 30 had also flagg ...Read More >
Bengaluru: Congress national general secretary Randeep Singh Surjewala Monday kicked off a feedback-cum-review exercise in Karnataka, aimed at evaluating the performance of the govt led by chief minister Siddaramaiah and to quell murmurs of dissent.The move also comes amid speculation of a change at the helm and a cabinet reshuffle, but Surjewala firmly denied any connection to changes at the top."This is purely an organisational exercise," Surjewala said. "Unlike what is being projected -- which is a figment of the media's imagination -- these meetings are not to collect feedback for a change ...Read More >
Bhubaneswar: In a significant step towards waste-to-energy initiatives and sustainable urban management, the Bhubaneswar Municipal Corporation (BMC) has signed a Memorandum of Understanding (MoU) with Nexband Renewables to process vegetable and organic waste into Compressed Biogas (CBG or CNG). The agreement focuses on utilising segregated organic waste, particularly vegetable waste from markets and households, along with Napier grass, to produce renewable energy at Nexband Renewables' upcoming compressed biogas plant in Begunia, near Bhubaneswar. The BMC is expected to supply an average of a ...Read More >
NEW DELHI - Opposition leader Rahul Gandhi said on Aug 13 that India's electoral system suffers from "serious discrepancies" and he pledged to continue challenging its integrity through public mobilisation and potentially the courts. Mr Gandhi, the scion of the Nehru-Gandhi dynasty that controls the main opposition Congress party, last week accused authorities of manipulating voter rolls by adding fake names in the 2024 general election and other recent polls. Prime Minister Narendra Modi's Bharatiya Janata Party, which performed below expectations in the national vote and had to rely on all ...Read More >
U.S. and India trade negotiators were pushing on Wednesday to finalise a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved. WHY ARE FARM GOODS IMPORTS SENSITIVE IN INDIA? Agriculture and its allied areas contribute just 16% to India's $3.9 trillion economy, but sustain nearly half of the country's 1.4 billion population. As farmers remain the most powerful voting bloc, Prime Minister Narendra Modi's government was forced into a rare retreat four years ago when it tried to push through cont ...Read More >