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, Apr 8 (PTI) The Central Information Commission (CIC) has voiced concern that "some public authorities continue to deny information without adequate reasons", and asserted that merely citing exemption clauses in the RTI Act is insufficient. The CIC emphasised that exemptions should not be interpreted in a way that would "shadow the very right itself". Highlighting the importance of reasoned decision-making, the CIC, which serves as the highest adjudicating body for RTI-related complaints and appeals under the transparency law, stated that it is the responsibility of public authorities to justify any denial of information, and that merely citing exemption clauses is insufficient. These observations were made while deciding an appeal against the Ministry of Corporate Affairs (MCA), where an applicant sought a copy of his own oath statement recorded during an inquiry into a corporate entity. The request was denied by the Central Public Information Officer (CPIO) under Section 8(1)(h) of the RTI Act. However, the CIC found that the denial was issued "without any justification" and noted that no explanation was provided indicating how disclosure would hinder the investigation. Information Commissioner P R Ramesh reiterated that "the burden is on the public authority to demonstrate how the disclosure of such information would impede the investigation," warning against the routine use of exemption clauses. The CIC also underscored that merely reproducing statutory language is insufficient, pointing out that "the mere reproducing of the wording of the statute would not be sufficient" to deny information under the RTI Act.
New Delhi, Jun 5 (PTI) Markets regulator Sebi on Thursday came out with an operational framework for issuance of social bonds, sustainability bonds and sustainability-linked bonds, which together will be known as Environment, Social and Governance (ESG) debt securities. This will help issuers to raise money for more sustainable projects, assisting in closing the funding gap for the Sustainable Development Goals. In its circular, Sebi said the debt securities will be labelled as 'social bonds' or 'sustainability bonds' or 'sustainability-linked bonds' only if the funds raised through the issu ...Read More >
New Delhi, Jun 6 (PTI) The Delhi government has rolled out guidelines for tree officers to enforce certain sections of the Delhi Preservation of Trees Act (DPTA), 1994, officials said. Environment Minister Manjinder Singh Sirsa said Section 8 of the DPTA mandates that no tree shall be felled, removed or disposed of without prior permission from the tree officer. However, it provides an exception for emergency cases, where a tree poses an immediate danger to life, property or traffic, he explained. In such situations, RWAs, land-owning agencies, individuals or responsible agencies may act wit ...Read More >
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 >
Sivasagar, Jun 26 (PTI) Leakage of gas continued for the 15th day from a crude oil well of ONGC in Assam's Sivasagar district although the energy major on Thursday claimed that it is nearing to control the blowout. In its daily bulletin on the blowout, ONGC said it has achieved a key breakthrough in its ongoing operations in close coordination with international well control specialists from CUDD Pressure Control. "The team successfully cleared all remaining rig materials, including staircases, entangled wires and other structural components. "This critical step culminated in the safe remov ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
New Delhi, Jun 5 (PTI) Fintech firm BimaPay Finsure on Thursday said it has entered into corporate insurance financing and aims for Rs 20 crore in premiums in 2025-26. Launching the pilot phase with insurance partners, BimaPay said the initiative will allow businesses to pay premiums in easy equated monthly instalments (EMIs) instead of bearing the burden of full upfront costs. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. The company aims to finance over Rs 20 crore worth of premiums by t ...Read More >
Itanagar: The Arunachal Pradesh govt has launched a statewide crackdown to detect and deport illegal Bangladeshi immigrants, an official said on Thursday.Acting on directives issued by the Union ministry of home affairs (MHA), the state has instructed all districts to immediately constitute district task forces (DTFs) to identify undocumented immigrants and ensure strict enforcement of Inner Line Permit (ILP) provisions.The decision was taken at a high-level meeting chaired by advisor to home minister Mutchu Mithi and DGP Anand Mohan on Wednesday. The meeting was attended by senior police offi ...Read More >
New Delhi, Jun 6 (PTI) Infrastructure major Larsen & Toubro (L&T) on Friday said it will raise Rs 500 crore through ESG bonds. An ESG bond is a debt security that funds an environmental, social, or governance goal. "Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (Sebi's) newly introduced ESG and sustainability-linked bond framework," the company said in a statement. HSBC is acting as the sole lead arranger in the transaction, it said. As part of the ESG bond deal, the ...Read More >
To boost agroforestry and double farmers' income, the Centre has introduced model rules for tree felling on agricultural land. These rules aim to simplify permissions, promote sustainable land use, and align with climate goals. By registering on the National Timber Management System (NTMS), farmers can gain transparency and access better market prices for their timber, including international markets.The Centre has issued model rules for the felling of trees on agricultural land in a bid to promo ...Read More >
New Delhi, Jul 5 (PTI) Test preparatory firm Aakash Educational Services has sent a legal notice to consultancy firm EY, its partners and officials, accusing them of advising rivals in conflict of interest and professional misconduct, the company said on Saturday. Aakash Educational Services Ltd (AESL) has alleged that EY was deeply involved in its financial operations since 2021, including advising on the proposed merger with Think & Learn Private Ltd, which owns the Byju's brand. Also Read | Bodoland Lottery Result Today, July 05, 2025: Assam State Lottery Sambad Saturday Lucky Draw Result ...Read More >
Kulgam, July 05: Mohammad Yusuf Tarigami, MLA Kulgamon Saturday said that people's right to know, effectuated by asking questions and demanding answers from the public authorities is the very essence of accountable governance. Presiding over the sensitization seminar organised jointly by J&K RTI Movement, CHRI and civil society of Kulgam, Tarigami said that asking questions and demanding answers from the government are not acts of anarchy. "RTI is not about making allegations or false imputations or indulging in abusive conversations with government functionaries", he said. Instead, it has the ...Read More >
India's Chief Economic Advisor (CEA), Anantha Nageswaran, has urged regulators not to hinder innovations in the crypto and gaming sector. Speaking at the 2024 Global Economic Policy Forum on Wednesday, Nageswaran stressed the importance of regulatory transparency. He also advocated to strike a balance between fostering innovation and addressing social costs. "In a country with low per-capita income and financial illiteracy, not every innovation needs to be encouraged without any questioning. You have to have a social cost-benefit analysis of innovations such as Crypto and online gaming." He ...Read More >
Mumbai, Feb 5 (PTI) Maharashtra Congress chief Nana Patole on Wednesday slammed the introduction of a facial recognition system at Mantralaya here, saying it is a ploy to keep common people away from those in power so that land and wealth can be given to builders and industrialists. In a tweet, Patole said while builders' cars roll into Mantralaya, the state secretariat in south Mumbai, smoothly, common people's entry is being obstructed. "The fact is the new process is an attempt to keep common people away from those in power and democracy so that the state's land and wealth can be given to ...Read More >
Mumbai, Jun 27 (PTI) India's external debt increased by 10 per cent to USD 736.3 billion at the end of March 2025 compared to USD 668.8 billion in the year-ago period, the Reserve Bank said on Friday. As a percentage of the GDP, the external debt increased to 19.1 per cent at the end of the recently concluded financial year from 18.5 per cent a year ago, it added. In a year which saw some volatilities in the currency markets, the RBI said the "valuation effect" due to the appreciation of the US dollar against the rupee and other currencies amounted to USD 5.3 billion, while if one were to ex ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi, Jul 2 (PTI) The Delhi High Court on Wednesday asked the Drug Controller General of India to consult experts and relevant stakeholders in deciding a plea over drug combinations sold in the market for weight loss treatment. A bench of Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela asked the petitioner to give a representation to the DGCI, which was asked to decide the matter within three months. Also Read | 'Janaki' Title Row: Malayalam Film Industry Holds Protest in Front of CBFC Office Against Renaming of Suresh Gopi Film. A plea filed by Jitendra Chouksey said license ...Read More >
Lucknow, Jul 4 (PTI) The Uttar Pradesh government to further strengthen grant-aided primary schools to enhance access to quality education for children from marginalised communities, an official statement said on Friday. Under the initiative, primary schools operated through the Social Welfare Department will provide free and quality education to children from economically weaker sections -- especially those belonging to Scheduled Castes, Scheduled Tribes, and families living below the poverty line. Currently, 448 grant-aided primary schools in the state are recognised by the Basic Education ...Read More >
New Delhi, Jul 5 (PTI) Test preparatory firm Aakash Educational Services has sent a legal notice to consultancy firm EY, its partners and officials, accusing them of advising rivals in conflict of interest and professional misconduct, the company said on Saturday. Aakash Educational Services Ltd (AESL) has alleged that EY was deeply involved in its financial operations since 2021, including advising on the proposed merger with Think & Learn Private Ltd, which owns the Byju's brand. The test preparatory firm said EY has been involved in the structuring and conversion of debentures into equity ...Read More >
New Delhi, Jun 5 (PTI) Chief Justice of India B R Gavai on Thursday said India has continuously aspired to become a hub of international arbitration by building a progressive legislative framework, a pro-enforcement judiciary and robust institutional support. In his keynote address on "Arbitrating Indo-UK Commercial Disputes" as part of the London International Disputes Week, the CJI said India and the United Kingdom shared a rich history, bound by a common legal heritage rooted in the principles of common law. He referred to the July 2018 memorandum of understanding signed between India and ...Read More >
New Delhi, Jun 27 (PTI) The Delhi government has directed all district magistrates to conduct regular inspections of night shelters across the city, following reports of serious mismanagement, fake staff and unsafe conditions for residents. Urban Development Minister Ashish Sood chaired a high-level meeting at the Delhi Secretariat on Friday to review the functioning of the night shelters operated by the Delhi Urban Shelter Improvement Board (DUSIB). The meeting, attended by senior DUSIB officials and district magistrates through video-conferencing, was convened a day after the minister cond ...Read More >
Ahmedabad, Jun 30 (PTI) The Gujarat government has decided to waive 80 per cent of the payable stamp duty for property transfers that are done by allotment letters or share certificates by housing societies, associations and non-trading corporations, a move it said will help middle-income families. Chief Minister Bhupendra Patel on Monday took the decision to grant the relief which has been given under Section 9(a) of the Gujarat Stamp Act, 1958. The decision has been taken "to provide substantial relief in payable duty amounts for housing transfers concerning the state's lower and middle-in ...Read More >
New Delhi, Dec 12 (PTI) The Union Cabinet on Thursday approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee. Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee. Moving ahead with it ...Read More >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Bengaluru: The Karnataka High Court on Monday ordered notice to the Central and state govts, as well as the Bangalore Metro Railway Corporation Limited (BMRCL), in response to a petition filed by LS Tejasvi Surya, BJP MP for the Bengaluru South constituency. The petitioner sought a direction to BMRCL to immediately publish or release the report of the Fare Fixation Committee (FFC) headed by Justice (retd) R Tharani.Counsel for the petitioner submitted that three representations were given seeking the release of the report in Dec 2024. Pursuant to this, BMRCL came up with a revised fare. "The m ...Read More >
New Delhi, Jun 5 (PTI) In a move to position India as the global epicentre of traditional medicine and wellness, the government of India has launched the Ayush Nivesh Saarthi portal. The portal was launched on May 29 during the Ayush Stakeholder/Industry Interaction meet held at Vanijya Bhawan here, an Ayush Ministry statement said. The portal was jointly unveiled by Union Minister of Commerce and Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav. The event brought together senior government officials, industry leaders, and global stakeholders ...Read More >
New Delhi: Congress leader Rahul Gandhi on Saturday hit back at the Election Commission after sources in the poll panel dismissed his allegations of rigging in the 2024 Maharashtra Assembly elections, reported PTI. Gandhi said evasion would not protect the EC's credibility, but telling the truth would. In an article titled "Match-fixing Maharashtra", published in an English daily, the Leader of Opposition in the Lok Sabha alleged large-scale manipulation in the Maharashtra polls and claimed that similar tactics would be used in Bihar and other states where the BJP fears defeat. Reacting to t ...Read More >
New Delhi, Jun 30 (PTI) The Bar Council of India (BCI) has said that offering LLM or equivalent legal courses online or through hybrid mode without its approval was unauthorised and unrecognised. The BCI, as a result, issued an advisory against the proliferation of unapproved Master of Laws (LLM) programmes offered online, through distance or hybrid modes. The advisory, authored by Justice (retd) Rajendra Menon, former chief justice of the Delhi High Court and co-Chairperson of the standing committee on legal education of the BCI, was sent to all the high courts on June 25 for necessary acti ...Read More >
Bengaluru, Jul 1 (PTI) The Karnataka High Court on Tuesday heard arguments in a case filed by X Corp India, the Indian arm of Elon Musk-owned social media platform 'X' (formerly Twitter), challenging the authority of government officials to issue content takedown notices under the Information Technology Act. 'X' Corp informed the court that it had recently received a notice from the Ministry of Railways seeking the removal of a video showing a woman driving a car on railway tracks in Hyderabad. Representing the company, Senior Advocate K G Raghavan argued against what he termed a misuse of o ...Read More >
Bengaluru, Jul 1 (PTI) Challenging the authority of the government officials to issue content take-down notices under Information Technology Act, social media giant 'X' on Tuesday argued in Karnataka High Court "What if every Tom, Dick and Harry officer sends notices?" The Union government and the court took strong objection to the language. 'X' Corp informed the court that it had recently received a notice from the Ministry of Railways seeking the removal of a video showing a woman driving a car on railway tracks in Hyderabad. Representing the company, Senior Advocate K G Raghavan argued ag ...Read More >