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: Efforts of ACB officials to weed out corrupt officials are being affected by bureaucratic delays, in some cases influenced by the accused officials, resulting in delayed prosecution and justice. The conviction rate in the cases involving bribery and disproportionate assets, registered by the Anti-Corruption Bureau (ACB), is low because of the delayed clearances from the vigilance and enforcement for prosecution, and the department concerned. Director-general Vijay Kumar said the ACB had registered 152 cases and arrested 223 accused in 2024. Of these, 129 were trap cases involving the arrest of 200 accused including 159 government officers, and 11 disproportionate assets cases. Eighteen people were arrested in 12 cases of criminal misconduct by government officers. However, they have obtained convictions in only 16 cases. According to Forum for Good Governance (FGG) president M. Padmanabha Reddy, there are several factors which delay the investigation in the ACB cases. "After the ACB finished its probe, the officials send a report to the vigilance department for referring to the state government for approval for prosecution. At this stage, the accused officers begin their manipulative activities to delay the process. After the V&E clearance, section officials could get influenced by the accused by sending files for legal opinion, delaying the process further," Padmanabha Reddy said. He said that the FCG wrote to Chief Minister A. Revanth Reddy and urged him to issue sanction orders immediately for the prosecution of the accused officers in the ACB cases. Giving an example of the delay, Padmanabha Reddy said that ACB booked DCTO G. Srinivas Rao, who was working at the office of the joint commissioner (ST), Malkajgiri, in 2013. For the last 11 years, the case is pending. While the case was pending, Srinivas Rao filed a writ petition in the Telangana High Court (WP No 7046 of 2025) for his promotion without reference to the criminal case pending in the ACB Court. The judge passed an interim order asking the government to consider the case of Srinivas Rao for the post of assistant commissioner. Similarly, the ACB case against D. Srinivas Reddy, deputy commercial tax officer, office of the commissioner, commercial taxes, was pending for the last seven years. Inquiry was not completed yet and no chargesheet was filed. He approached the High Court for his promotion without giving reference to FIR No. 04/RCT-ACB-NZB/2018. S. Goutham, an advocate at the Telangana High Court, said that the ACB must probe the case on priority, based on finishing its legal formalities.
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 >
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 >
Hyderabad: Principal Secretary to Government, Municipal Administration and Urban Development (MA&UD) department M Dana Kishore has been given full additional charge (FAC) for the post of principal secretary to the Governor. With Kishore taking charge, B Venkatesham, who was serving the post earlier, has been relieved, said a statement from chief secretary A Santhi Kumari. On December 2, Dana Kishore, an Indian Administrative Service (IAS) officer from the 1996 batch, was appointed as the nodal officer tasked with coordinating efforts across various departments for projects related to the Osm ...Read More >
Hyderabad, Dec 5 (Maxim News): Chief Minister Revanth Reddy launched the Indiramma House Survey mobile application on Thursday morning. The selection of the beneficiaries of the housing scheme will be done from tomorrow (Friday) through this app. Click Here To Join Us On WhatsApp Speaking on this occasion, Chief Minister Revanth Reddy said that the Indiramma house scheme was started with Rs. 10 thousand. Today it has reached Rs. 5 lakh. He said that they are providing financial assistance at the rate of Rs. 5 lakh to each poor person for the construction of a house. It is everyone's dream t ...Read More >
BJP member Manas Dutta blamed the previous BJD government and held it responsible for not extending their service agreement which ended in April, 2024. As hundreds of women working as support staff under the Mission Shakti department staged a demonstration outside the Assembly over different issues, the opposition BJD on Monday demanded immediate release of their salaries. While the agitating women were shouting slogans at the Mahatma Gandhi Road leading to the Assembly, the issue was raised in ...Read More >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...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 >
Gurdaspur (Punjab) [India], December 4 (ANI): Jasmeet Kaur, wife of Narain Singh Chaura, who attempted to assassinate Sukhbir Singh Badal, condemned her husband's actions on Wednesday. She stated that her husband had informed her he was attending a "death anniversary programme" in Amritsar. "I didn't know what had happened until reporters came knocking at my door. Earlier, he had been lodged in jails in Amritsar, Ludhiana, and Gurdaspur," Kaur told reporters. "I don't think what he did was right," Kaur added. Narain Singh Chaura opened fire at Shiromani Akali Dal (SAD) leader Sukhbir Singh ...Read More >
Hyderabad (Telangana) [India], December 5 (ANI): BRS leader Dasoju Sravan Kumar on Thursday criticized Telangana CM Revanth Reddy, calling him a "colossal failure" in his role as CM. Speaking to ANI, Dasoju accused CM Reddy for "destroying the people of Telangana." "Police repression is the final refugee of a failing ruler. Unfortunately in Telangana, Revanth Reddy has turned out to be a colossal failure in Telangana as a CM...there is no people's governance in Telangana...what is happening here? I want to ask Rahul Gandhi, how did you make such a man the CM of Telangana...he is destroying t ...Read More >
Bhubaneswar: In a new twist to the prevailing potato crisis in Odisha, Food and Civil Supplies Minister Krushna Chandra Patra on Thursday blamed the West Bengal Chief Minister Mamata Banerjee for "playing dirty politics over the tuber" to defame the BJP government in the state. Speaking to the media today, Patra alleged that an artificial scarcity of potatoes has been created to defame the state government. Stating that he was clueless about the politics by West Bengal Chief Minister, he said, "I fail to understand why Mamata Banerjee first stopped the supply of potatoes to Odisha and later a ...Read More >
Assam Beef Ban: A political row has erupted over the Assam government's decision to ban the public consumption of beef in the state with the Opposition labelling it "against the right to freedom" while the ruling BJP lauding the state Cabinet's call. Assam Chief Minister Himanta Biswa Sarma had announced on Wednesday that his government has decided to ban the consumption of beef in restaurants, hotels and public places, drawing sharp reactions from the Opposition. Samajwadi Party MP Iqra Hasan ...Read More >
Responding to Pattali Makkal Katchi (PMK) floor leader G.K. Mani, who raised the issue in the House, Mr. Stalin said, "Adani did not meet me nor did I meet him." Tamil Nadu Chief Minister M.K. Stalin on Tuesday (December 10, 2024) told the State Assembly that he had not met Adani Group chairman Gautam Adani, dismissing rumours about the conglomerate's alleged links to the State. Responding to Pattali Makkal Katchi (PMK) floor leader G.K. Mani, who raised the issue in the House, Mr. Stalin said, ...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 >
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 >
Chief Minister A. Revanth Reddy has announced that the Telangana Government will seek the Central Government's assistance for the construction of Indiramma houses to fulfil the Congress promise of providing houses to all shelterless families. 4.5 lakh houses, ₹5 lakh assistance The government has taken up construction of 3,500 houses each in the 119 assembly constituencies totalling to 4.5 lakh houses in the first phase and has decided to provide financial assistance of ₹5 lakh in four inst ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
Tamil Nadu Chief Minister M. K. Stalin firmly denied allegations linking him to industrialist Gautam Adani as presented by the BJP and its ally, the PMK. During a recent Assembly session, Stalin challenged opposition leaders to initiate a joint parliamentary committee (JPC) inquiry into the allegations surrounding Adani's company. Addressing PMK leader G. K. Mani, Stalin reiterated that he had never met Adani, dismissing claims of any existing ties. He asked if the opposition was willing to engage in a thorough investigation through a JPC probe and bring the discussion to Parliament. The cal ...Read More >
New Delhi, Dec 11 (PTI) A Delhi court has sought a report from police commissioner Sanjay Arora asking why no efforts were made to arrest a man who was serving 10 years in jail in a drugs case but jumped interim bail in 1998 to be held only recently. Additional sessions judge Ekta Gauba Mann was hearing the proceedings regarding a 1994 FIR registered in Jama Masjid Police Station, wherein the investigating officer produced the accused Ashok Kumar Yadav before the court. The court noted the IO's submissions that Yadav was convicted under Section 20 (contravention in relation to cannabis plant ...Read More >
Agartala (Tripura) [India], December 12 (ANI): Tripura Chief Minister Manik Saha inaugurated the opening ceremony of the 68th National School Games for Judo (Under-17 Girls) at NSRCC, Netaji Chowmuhani in Agartala. The competition, which will take place from December 12 to 15, will feature talent at the national level and will feature 31 teams, comprising representatives from 27 states and four organisations. Approximately 350 players, coaches, and managers are attending. Tripura's athletes have consistently excelled, earning medals in previous editions of the National School Games and Khelo ...Read More >
Jharkhand Chief Minister Hemant Soren on Thursday (December 5, 2024) expanded his Cabinet with 11 Ministers. Governor Santosh Kumar Gangwar administered the oath in a swearing-in-ceremony at Raj Bhavan in Ranchi. Six from Jharkhand Mukti Morcha (JMM), four from Congress and one from Rashtriya Janata Dal (RJD) have been inducted in the Cabinet of Mr. Soren. From JMM quota, six MLAs took oath at the event organised at Ashok Udyaan includes Chaibasa MLA Deepak Birua, Ghatsila MLA Ramdas Soren, Giridih MLA Sudivya Kumar , Bishunpur MLA Chamra Linda, Gomia MLA Yogendra Prasad and Madhupur MLA Haf ...Read More >
Also Read - Bengaluru likely to see heavy rainfall and thunderstorms from December 8, predicts IMD A group of 46 students and six teachers from Morarji Desai Residential School, Mulabagilu in Kolar district visited Murudeshwar on Tuesday as part of their school trip. According to the police, around 5.30 pm, the teachers, along with the students went to the beach. Despite warnings from lifeguards, seven students ventured into the sea. The sea was rough, and three girls were swept away by the cu ...Read More >
Hyderabad: Bharat Rashtra Samithi (BRS) working president KT Rama Rao (KTR) met the injured ASHA workers at a hospital in Hyderabad on Tuesday. December 10. ASHA workers were injured after they were manhandled by police officials during a protest at the Telangana Directorate of Medical Education (DME) demanding a salary hike of Rs 18,000 on Monday. The two injured women were identified as Raheembi and Santhoshini. After enquiring about the women's well-being, the BRS MLA condemned the police action against the ASHA workers. He extended solidarity with their fight offered all possible support ...Read More >
Bhopal: The Gita recitation programme by the Madhya Pradesh government has found a place in the Guinness World Records. "More than 7,200 'acharyas' and 'vatuks' collectively recited the third chapter 'Karma Yoga' on Wednesday, making a record," a statement issued by the government said. The event was parallely organised at Bhopal's Lal Parade Ground and Ujjain to mark the sacred occasion of Gita Jayanti. Chief Minister Mohan Yadav said that the collective recitation of the Gita by thousands of Acharyas in Bhopal and Ujjain has been registered in the 'Guinness Book of World Records'. He con ...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 >
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 >
Complainant, Gadhagoni Chakradhar Goud, alleges surveillance used to damage reputation A case has been filed against Bharat Rashtra Samithi (BRS) leader and former minister Harish Rao at the Panjagutta Police Station in Telangana's Hyderabad in connection with allegations of illegal phone tapping . The complaint, filed by Gadhagoni Chakradhar Goud, a real estate dealer and former political candidate, also names senior police official Radha Kishan Rao in the case. In his written complaint, Goud claims that Harish Rao conspired to tap his phone and monitor his activities without authorisation ...Read More >
Dehradun: A person, who completes his age of 59 years and 6 months, can now apply for an old age pension on the social welfare department's pension portal. The applicants will start receiving pension from the end of the month in which he completes the age of 60 years following the approval of his application form. This is meant to ensure that the elderly people can get the benefits of old age pension on time. The department launched a campaign to identify the eligible person for the pension According to Secretary, Social Welfare Department, Neeraj Khairwal, his department launched a month-l ...Read More >
Bhopal: Chief Minister Dr. Mohan Yadav has said that the state government is continuously working with commitment to realize the dream of Prime Minister Shri Narendra Modi of developed India @2047. On completion of one year of the state government, two programmes are being launched from 11 December on the auspicious occasion of Gita Jayanti. "Jan Kalyan Parv" will run from 11 December to 26 December 2024 and "Mukhya Mantri Jan Kalyan Abhiyan" will run from 11 December 2024 to 26 January 2025. Chief Minister Dr. Yadav said that in the Jan Kalyan Parv being organised from 11 December to 26 Decem ...Read More >