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.
Bengaluru (Karnataka) [India], June 5 (ANI): A day after the tragic stampede during the IPL victory celebration event of the Royal Challengers Bengaluru (RCB) in Bengaluru that left 11 dead and dozens injured, Karnataka Chief Minister Siddaramaiah on Thursday said that a one-member commission has been formed to probe the incident. CM Siddaramaiah also announced that the state government has decided to suspend top police department officials, including the Commissioner of Bengaluru City Police. Also Read | Gautam Gambhir Reacts On Bengaluru Stampede During RCB's IPL 2025 Victory Celebrations During IND vs ENG Pre-Departure Press Conference, Says 'Was Never a Believer in Road Shows'. Speaking to the media, the Karnataka CM stated, "Under the chairmanship of Justice Michael D'Cunha, a retired judge of the High Court, we have appointed a one-man commission to investigate the incident." He emphasised the government's commitment to ensuring accountability. Also Read | World Environment Day 2025: Italian Deputy PM Antonio Tajani Lauds PM Narendra Modi's 'Ek Ped Maa Ke Naam' Initiative (See Pics and Video). The Chief Minister said that action will be taken against those responsible for the mismanagement of the event. "On RCB, the event manager DNA Entertainment, and KSCA, who represented them, we have decided to arrest them," Siddaramaiah said. Taking strong action, the government has suspended several senior police officials immediately. Detailing about the same, the CM said, "Cubbon Park Police Station Police Inspector, Station House Master, Station House Officer, ACP, Central Division DCP, Cricket Stadium in-charge, Additional Commissioner of Police, Commisioner of Police have been suspended with immediate effect." Referring to the deep sorrow caused by the incident, he said, "When I was speaking about the tragedy yesterday, 11 died and 47 were injured -- all were in pain, and we still are. It was important to express our condolences and console the families." The CM added that the state cabinet discussed the matter seriously during its scheduled meeting and made firm decisions to prevent such tragedies in the future. Earlier in the day, the Karnataka Police filed an FIR against the Karnataka Cricket Board Administrative Committee, Royal Challengers Bengaluru (RCB), among others, in the Bengaluru stampede incident that claimed the lives of 11 people. According to the Deputy Commissioner of Police, Central Bengaluru, Shekar H Tekkannanavar, an FIR has been filed against RCB, DNA (event manager), Karnataka State Cricket Association (KSCA) Administrative Committee and others at Cubbon Park Police Station. The FIR stated criminal negligence in the stampede incident. Sections 105, 125 (1)(2), 132, 121/1, 190 R/w 3 (5) have been invoked in the FIR. Meanwhile, the Karnataka High Court notified the state government over the stampede incident. The HC took suo motu cognisance of the incident and asked for a further status report. Eleven people died and more than 30 were injured in a stampede outside Bengaluru's M Chinnaswamy stadium as a huge crowd of nearly 3 lakh people had gathered to witness the victory celebration of Royal Challengers Bengaluru for winning the Indian Premier League (IPL). (ANI)
IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >
Assam's 75th Constitution Day highlighted the importance of the Indian Constitution, with CM Himanta Biswa Sarma commemorating the contributions of freedom fighters and Dr. BR Ambedkar. The event, held in Guwahati, underscored the Constitution's reflection of India's cultural heritage and its role in ensuring equality, freedom, and justice for all citizens. Assam Chief Minister Himanta Biswa Sarma participated in the 75th Constitution Day celebrations in Guwahati, emphasizing the significance of the Indian Constitution. This annual observation, assigned by Prime Minister Narendra Modi in 2015 ...Read More >
Brendon Kleynhans is a maths teacher at South African College School, one of the country's most prestigious alma maters. It luxuriates in the leafiness all around the most genteel part of Cape Town, with Newlands a mere long boundary away. If that brings to your mind's eye a slight, chinless, reticent, bespectacled individual sporting a combover, a pocket protector and - dread word - slacks who declines to step out of the safety of suburbia, you need that eye tested. "During camps it's half-pace," Kleynhans told Cricbuzz in the Kingsmead nets on Tuesday as the South Africans completed their ...Read More >
Vijayawada: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday instructed officials to formulate proposals for constructing an iconic Deep-Technology building in the capital city of Amaravati. "I had built Hi-Tech City structure in Hyderabad to promote information technology. Now, it is time to embrace Deep-Tech and Artificial Intelligence to take advantage of the opportunities arising out of the latest technology," he underlined while reviewing the New IT Policy at the state secretariat. The Chief Minister announced that the state government will provide Rs 25 lakh as seed fundin ...Read More >
Mumbai Indians (MI) made strategic moves in the IPL 2025 mega-auction, securing New Zealand pacer Trent Boult for ₹12.50 crore. MI owner Akash Ambani praised Boult’s invaluable skill in swinging the new ball, acknowledging the team’s struggles when he wasn’t playing for them in recent years. The franchise also acquired England’s Reece Topley for ₹75 lakh and New Zealand spinner Mitchell Santner for ₹2 crore. MI further strengthened their spin department by signing young Afghan talent Allah Ghazanfar for ₹4.80 crore, who has impressed with his performances in international cricket. ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new administration will address these issues and work toward improving the state's industrial ecosystem ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >
Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >
Bigg Boss 18: Shilpa Shirodkar is termed 'biggest backstabber' after Vivian Dsena... Deepak Kalal fights with passenger in flight? Know the truth behind viral video Delhi court fixes Nov 28 for hearing former CM Arvind Kejriwal's plea over sanction copy in... Where will the Champions Trophy 2025 be played? ICC to take final call on THIS date Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan recalls telling Amitabh Bachchan he made 'big mistake' by... Deepinder Goyal's Zomato opens Rs 8500 crore QIP share sale, sets floor price at Rs... Delhi Capitals co-owner pens emotional fare ...Read More >
Parth Jindal, co-owner of the Delhi Capitals, welcomed new purchase KL Rahul with open arms and vowed to treat the experienced India batter with 'love and respect'. Rahul had a controversial exit from his previous franchise Lucknow Super Giants. The post-match scenes from the last IPL - which captured LSG owner Sanjiv Goenka publicly having an outburst on his captain, Rahul - were indications of cracks forming between the two. They even met at a dinner soon after to sort everything out, but it only lasted a little while. Finally, when the franchise did not retain Rahul, it became clear that th ...Read More >
The family of a 25-year-old Air India pilot, who died by suicide at her Mumbai home, alleged that her boyfriend used to humiliate her and extort money from her. Aditya Pandit, 27, was arrested on Wednesday on charges of abetment to suicide. Srishti Tuli was found dead at her rented accommodation in Mumbai's Marol after an argument with her boyfriend over the phone. She allegedly used a data cable to hang herself. ALSO READ: 'Can't Be Divided Or Silenced': Hemant Soren's Dig At BJP Before Taking Oath As Jharkhand CM Pandit told police that he rushed to Tuli's flat, which was locked from the ...Read More >
New Delhi: The annual all-India conference of directors general of police and inspectors general of police will begin in Bhubaneswar on Friday where issues related to internal security, Jammu and Kashmir, and pro-Khalistan elements, among others are likely to be discussed, officials said. Prime Minister Narendra Modi, Union Home Minister Amit Shah and National Security Adviser (NSA) Ajit Doval, among others will attend the three-day conference where cyber crimes, challenges posed by AI tools and threats emanating from drones are also expected to be discussed. About 250 officers of DGP and IGP ...Read More >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
Chief Minister Mohan Yadav has expressed his gratitude to Prime Minister Modi and the Union Cabinet for approving 3 multitracking projects of the Railway Ministry worth Rs 7 thousand 927 crore. Chief Minister Yadav said that the state is making rapid progress under the able leadership of Prime Minister Modi, due to the increasing network of railways in the state, and transportation for the people of the state has also become fast and easier. The people of the state are grateful to Prime Minister Narendra Modi and Railway Minister Ashwini Vaishnaw for the continuous new developments and contri ...Read More >
In a miraculous turn of events, a seven-year-old boy who was kidnapped from Uttar Pradesh's Ghaziabad district more than 30 years ago has reunited with his family. IMAGE: Raju was kidnapped when he was seven-year-old from Uttar Pradesh's Ghaziabad district. Photograph: ANI Now 38, Raju shared his ordeal and said that after being abducted in September 1993, he was handed over to a truck driver who took him to Jaisalmer in Rajasthan. "The kidnappers kept me in a room located in the middle of a barren area, where I was forced to take care of sheep and goats. Each night, I was chained and locke ...Read More >
Bardhan suffered severe head injuries and died in the hospital.Source : X@siddaramaiah An IPS officer died in a road accident while he was on his way to take up his first posting in Karnataka's Hassan district, police said on Monday. The 26-year-old, Harsh Bardhan, was a 2023-batch IPS officer of the Karnataka cadre and hailed from Madhya Pradesh. He was going to Hassan to report for duty as a probationary Assistant Superintendent of Police in Holenarasipur on Sunday when the tyre of the police vehicle he was travelling in allegedly burst. The driver lost control and the vehicle hit a house ...Read More >
New Delhi: The IPL 2025 mega auction has concluded, with all teams finalizing their squads of at least 18 players. As is often the case, the RCB management finds itself under scrutiny for its player selections. Retaining only three players -- Virat Kohli, Rajat Patidar, and Yash Dayal -- RCB entered the auction with three RTM (Right to Match) cards but opted to use just one, securing Swapnil Singh. Former Indian cricketer Mohammad Kaif expressed his thoughts on RCB's decision to let Will Jacks go to Mumbai Indians for ₹5.25 crore in the IPL 2025 auction. Kaif termed it a "massive miss" for RC ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >
Chief Minister Mohan Yadav, campaigning to invite global investors to the Global Investors Summit to be held in Bhopal in February 2025, addressed an interactive session with industrialists during a roadshow in London, UK, on Tuesday. Yadav praised the dynamic leadership of Prime Minister Narendra Modi for the rapid industrial development seen across India. Inviting the industrialists to invest in Madhya Pradesh, he highlighted that the state possesses one of the largest land banks in the country. Madhya Pradesh has transparent and investor-friendly policies and is a leader in the mining and ...Read More >
Shinde accepts BJP's decision, likely to receive key ministries Shinde has agreed to BJP's decision to make a Chief Minister from its ranks. He is expected to be given important portfolios like Urban Development, Public Works Department, and Water Resources. Sources also say that two Deputy Chief Ministers will be appointed, one each from Shiv Sena and NCP. Pawar has told his party leaders that the swearing-in ceremony could take place this weekend. Despite initial resistance, Shinde announced his party's support for Prime Minister Narendra Modi and Home Minister Amit Shah's decision on the ...Read More >
Bengaluru, Nov 28 (UNI) The visit of Karnataka Chief Minister Siddaramaiah and his deputy DK Shivakumar to New Delhi has sparked fresh speculation about a possible Cabinet reshuffle in the state. As the two Congress leaders continue their discussions in the national capital, several party figures in the state have weighed in on the ongoing talks about changes in the Cabinet. Senior Congress leader Satish Jarkiholi commented on the ongoing talks about a possible Cabinet reshuffle, saying, "There are discussions that it could happen, although I'm not certain about the timing. There are reports ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
CHENNAI: Singles, Doubles, and the Team Championship - the 18-year-old Chennai girl, the daughter of an auto driver from Kasimedu, left nothing for competitors from around the world at the sixth edition of the Carrom World Cup held in the US which Team India swept. The Women's Singles final was a hard-fought contest, where the 18-year-old M Khazima kept her nerves to defeat 12-time national and multiple World Cup winner Rashmi Kumari from Bihar. With this victory, Khazima became the youngest Carrom World Champion. Khazima, whose father Mehaboob Basha is an auto driver from Kasimedu, had been ...Read More >
Campaigning for the November 20 assembly bypolls to four seats in Punjab ended on Monday evening with the ruling Aam Aadmi Party (AAP), Opposition Congress and the Bharatiya Janata Party making last-ditch efforts to mobilise support for their respective candidates. Hours before the campaign ended at 6 pm, major political outfits intensified their efforts to woo the voters. Bypolls to four assembly segments -- Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala -- will be held on November 20 from 7 am to 6 pm, and the results will be out on November 23. The bypolls were necessitated afte ...Read More >
A crucial meeting of Manipur's National Democratic Alliance, chaired by Chief Minister N Biren Singh, saw significant absences, with only 27 out of 45 MLAs attending. The meeting, convened amidst rising ethnic violence, resulted in a seven-point resolution demanding immediate action on issues like the reimposition of AFSPA and mass operations against Kuki militants. Tensions within the ruling coalition were evident, as several lawmakers, including a cabinet minister, skipped the meeting without explanation. The resolution included a threat of political consequences if decisions were not implem ...Read More >
Two men, including the victim's cousin, have been arrested for allegedly gang-raping a 14-year-old tribal girl in Palghar district, Maharashtra Two men have been arrested for gangraping a 14-year-old tribal student in Palghar district. The case was initially registered under Zero FIR at Mandvi police station in Virar East and later it was transferred to Manor police station on Monday. One of the accused is the victim's cousin, a senior officer in the Palghar police stated. He added, "The incident occurred in October when the minor girl, a Class VIII student, and her 21-year-old cousin return ...Read More >
Guwahati, November 27 (IANS): Union Tourism and Culture Minister Gajendra Singh Shekhawat on Wednesday underscored the northeastern region's legacy, cultural diversity, and natural wealth emphasising its rich cuisine, crafts and biodiversity while inaugurating the 12th edition of the four-day long International Tourism Mart (ITM) in Assam's Kaziranga. Speaking on the occasion, the Union Minister said that the ITM is a remarkable opportunity for the northeast India to showcase its rich culture and diversity to the world, adding that the event also offers a platform for people from across the g ...Read More >
The IPL 2025 auction in Jeddah saw records shattered, with Indian players dominating the headlines. Arshdeep Singh broke Yuvraj Singh's nine-year-old auction record, fetching ₹18 crore, only for Shreyas Iyer to surpass it with ₹26.75 crore. Rishabh Pant became the most expensive player, bought for ₹27 crore by Lucknow Super Giants. However, Jitesh Sharma's IPL salary hike was the talk of the auction, as he secured ₹11 crore, a staggering 5500% increase from his previous ₹20 lakh. Royal Challengers Bengaluru picked him up as a wicketkeeper-batter to replace Dinesh Karthik. Other big earners inc ...Read More >
Ranchi: Tribal icon Birsa Munda's great-grandson Mangal Munda, who was undergoing treatment at a hospital here after being injured in a road accident, died of "cardiovascular failure" on Friday, an official of the health facility said. He was 45. Mangal Munda breathed his last at 12.30 am at the state's apex health facility - Rajendra Institute of Medical Sciences. Munda sustained severe head injuries after he fell from the roof of a passenger vehicle in Jharkhand's Khunti district on November 25. "Birsa Munda's kin Mangal Munda died of cardiovascular failure around 12.30 am. He was on a v ...Read More >