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.
Bhubaneswar: A joint team of officials from Food and Supplies department, Bhubaneswar Municipal Corporation (BMC) and police seized a large number of LPG cylinders during a raid in Odisha's capital city on Wednesday. The gas cylinders were secretly stored inside a wood depot in Samanatarapur area. Supply officials confirmed that 10 filled domestic LPG cylinders, around 60 empty cylinders and 17 empty 5kg cylinders were found, though the number is expected to rise as the counting continues. The raid was carried out after BMC received a tip-off about illegal hoarding and sale of LPG cylinders. After inspecting the godown meant for storing firewood, the team found several gas cylinders of varying weights such as 5kg, 15 kg and 19 kg and of different companies. Officials said these gas cylinders were being sold at inflated prices of Rs 2500 to Rs 3000 to roadside eateries, hotels and restaurants, amid restrictions on supply of commercial cylinders. The official also flagged the safety concerns of storing gas cylinders without proper licences, which could prove fatal. "This is an unauthorised storage and they do not have any permits to house flammable products such as cylinders here. Strict action will be taken against those responsible for this," he said. hose found guilty will be charged under Essential Commodities Act. For now, officials are tracing the owner of the godown, who will be questioned. Efforts are on to identify and arrest the persons responsible for the illegal hoarding and black marketing. A vehicle without a rear number plate has been recovered, possibly used for transportation. Further probe will focus on the alleged nexus between distributors, gas agencies and others. This raid was part of a statewide crackdown on LPG black marketing and hoarding, intensified amid concerns over potential supply disruptions through key routes like the Strait of Hormuz due to tensions in West Asia.
Mumbai : Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India today unveiled and launched its much-awaited all-new 3 Generation Honda Amaze. This marks the global debut of the new generation Amaze in India, a key market for Honda globally and the first country to launch the new model. The all-new Amaze will be available at an introductory price range of Rs 7,99,900 - Rs. 10,89,900 (ex-showroom, Delhi); valid till 45 days from launch. The stylish and premium compact sedan has been designed to offer an OUTCLASS and delightful sedan experience that meets the aspirations ...Read More >
Hyderabad, Jun 6 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said BRS president K Chandrasekhar Rao should face an inquiry by the judicial commission on the Kaleshwaram project instead of attacking the Congress government. Addressing a public meeting after attending various development programmes in Yadadri-Bhuvanagri district, he referred to the judicial panel summoning KCR and the BRS criticising the state government on the matter. Also Read | Water Cut in Pune: Supply Suspended in South Pune on June 12 Due to Maintenance Work; Check Affected Areas. The judicial commission is ...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 >
Mumbai, June 30 (SocialNews.XYZ) The Indian benchmark indices opened flat on Monday amid positive global cues, as buying was seen in the PSU bank and IT sectors in the early trade. At around 9.27 am, Sensex was trading 1.35 points up at 84,057.55 while the Nifty added 6.50 points or 0.03 per cent at 25,644.30. According to analysts, decline in geopolitical tensions in West Asia, the sharp pull back of Brent crude to $67 and reports of positive developments on the trade front with possibilities of trade deals between US-China and US-India augur well for equity markets. "Significant contribut ...Read More >
Lucknow (Uttar Pradesh) [India], July 1 (ANI): A sandalwood tree worth lakhs of rupees was stolen from the official residence of the King George's Medical University (KGMU) Vice-Chancellor in Lucknow, despite security arrangements in place. KGMU spokesperson KK Singh said the 50-year-old tree was cut down and taken away by thieves. The residence, located within the campus, is currently unoccupied. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. An FIR has been lodged, and CCTV foota ...Read More >
MORENA: Four women died and five others were injured after an explosion caused three houses to collapse in Madhya Pradesh's Morena city, police said on Tuesday. The incident took place in the city's Rathore Colony area around midnight, said Superintendent of Police Sameer Saurabh. The body of one of the deceased women was still being extricated from under the debris, he said. Vasudev Rathore, whose house was destroyed in the explosion and whose 28-year-old daughter-in-law was among the deceased, expressed suspicion that the blast was caused by gunpowder. LPG cylinders were found intact dur ...Read More >
Srinagar, Jan 8 (UNI) In a significant breakthrough, Srinagar Police dismantled a cross-border drug trafficking network, seizing 8 kilograms of heroin valued at Rs 30-32 crore in the international market, and arresting two key operatives. Senior Superintendent of Police (SSP), Srinagar, Imtiyaz Hussain Mir, revealed that initial investigations confirmed the narcotics were smuggled from Pakistan as part of a cross-border trafficking syndicate. The SSP detailed the operation, saying that a team from Police Post Qamarwari intercepted a vehicle at Barthana Crossing during a routine checkpoint. ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
The Delhi BJP also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. In a recently-released video, the Delhi BJP has given a tour of the luxurious bungalow of AAP leader Arvind Kejriwal, where he lived while serving as the Chief Minister of the state. The party also shared a rap song "Delhi ka millionaire" alleging corruption against the party's top leadership. Delhi BJP chief Virendra Sachdeva, who shared the video on X, called the Civil Lines bu ...Read More >
New Delhi: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...Read More >
Hyderabad, Jun 6 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said BRS president K Chandrasekhar Rao should face an inquiry by the judicial commission on the Kaleshwaram project instead of attacking the Congress government. Addressing a public meeting after attending various development programmes in Yadadri-Bhuvanagri district, he referred to the judicial panel summoning KCR and the BRS criticising the state government on the matter. The judicial commission is probing the alleged irregularities in the Kaleshwaram project built during the BRS regime. "He (KCR) is getting restles ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite repeated calls for relief. This marks the fourth price cut since March 2025, when commercial LPG saw a ...Read More >
Mumbai: The Indian benchmark indices opened higher on Tuesday amid positive global cues, as buying was seen in the auto and IT sectors in the early trade. At around 9.26 am, Sensex was trading 188.66 points or 0.23 per cent up at 83,795.12 while the Nifty added 54.80 points or 0.21 per cent at 25,571.85 According to analysts, with the US market setting new record highs, the global equity market mood is positive and West Asian geopolitics is no longer a threat to global economy. "Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal w ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
New Delhi, Jul 1 (PTI) Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Proceeds from fresh issuance to the extent of Rs 216.79 crore for payment of debt, Rs 130 crore for funding incremental working capit ...Read More >
MADURAI: Likening the custodial murder of Ajith Kumar in Tiruppuvanam to an 'organised crime by police where the state kills its own citizens,' Madras high court lambasted the Tamil Nadu police and said the action against the perpetrators should be more stringent than in normal murder cases.A division bench of Justice S M Subramaniam and Justice A D Maria Clete pointed to 44 external injuries on the person of Ajith Kumar and said no part of the body was spared by the delinquent cops. "Even an ordinary murderer would not have inflicted such kind of injuries," the bench said on Tuesday.The natur ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
New Delhi [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...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 >
New Delhi: Bringing the much needed relief to the common man, Oil marketing companies have revised the prices of commercial LPG gas cylinders effective from 1 July 2025. The rate of a 19 kg commercial LPG gas cylinder has been reduced by Rs Rs 58.5 effective today. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder is Rs 1,665 from today. However, the prices of domestic LPG cylinders will remain unchanged. Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 last year. It is important t ...Read More >
Mumbai, Jul 1 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks -- Reliance Industries and HDFC Bank -- also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. How ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10 grams in the previous market session. "Gold prices continue to cor ...Read More >
New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. "Gold continues to face downward pressure as both geopolitical and economic uncertainties e ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
New Delhi: India's manufacturing sector activity rose to a 14-month high in June on the back of expansions in output, new orders, and job creation, a private survey showed on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.4 in June, up from 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion. To be sure, the headline figure was above its long-run average of 54.1, which suggests a substantial improvement in the sector's health. " ...Read More >
New Delhi: Oil companies on Tuesday slashed the price of commercial LPG cylinders by ₹58.5 with effect from July 1. A 19-kg commercial cylinder now costs ₹1,672 in Kochi and ₹1,693 in Thiruvananthapuram. This marks the fourth consecutive reduction in commercial LPG prices. Rates were earlier cut by ₹24 on June 1, ₹14.50 on May 1, and ₹41 on April 1--amounting to a total reduction of ₹138 since April. However, in a contrasting move, the price of aviation turbine fuel (ATF) was hiked sharply by ₹6,271.5 per kilolitre, or 7.5%, bringing the price in Delhi to ₹89,344.05 per kl. This reverses a t ...Read More >
Union Minister J P Nadda has directed officials to ensure the adequate supply of fertilisers for farmers during the kharif season. He emphasized strict measures against hoarding and black marketing and highlighted the importance of sustainable agricultural practices. Coordination with multiple stakeholders, including states and exporters, is key. Union Chemicals and Fertilisers Minister J P Nadda has issued directives to ensure the sufficient supply of crop nutrients during the crucial kharif se ...Read More >
Bhubaneswar: Chief minister Mohan Charan Majhi on Thursday announced an ambitious plan of planting 7.5 crore saplings across the state within a year. Speaking at the state-level celebration of World Environment Day at the OUAT Agriculture Education Hall in city, the CM emphasised the importance of public awareness and collective responsibility in protecting nature and ending plastic pollution. "A healthy environment is essential for a healthy society," he said.Addressing the rising threat of single-use plastic, the CM urged citizens to support a mass movement to eliminate plastic from daily li ...Read More >