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: TVS Motor Company Thursday announced the appointment of Sudarshan Venu as chairman with effect from August 25, 2025. "The board of directors unanimously named Sudarshan Venu as incoming chairman, in recognition of his exemplary contributions to the company's sustained growth and strategic development during his tenure as director. Effective August 25, 2025, Sudarshan Venu will be appointed as chairman and managing director", the company said in a statement. Its current chairman, Sir Ralf Speth, has informed the board of directors that he will not be seeking re-appointment as a company director at the upcoming Annual General Meeting (AGM). Consequently, he will step down as chairman of the company at the close of the AGM on August 22, 2025.
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 >
Hyderabad, August 3 (IANS) Legendary icons Kapil Dev, Baichung Bhutia, Abhinav Bindra, Pullela Gopichand, and Gagan Narang have come together in a first-of-its-kind governance initiative for Indian sports. This integrated approach aims to strengthen grassroots talent, optimise infrastructure, and drive excellence for robust, holistic sports development. By creating clear athlete pathways and aligning with the state's progressive sports policy, the initiative positions Telangana at the forefront of India's sporting ambitions, leading the charge in a nationwide sports revolution. These sportin ...Read More >
NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group, has reported net consolidated loss after tax of Rs 22.47 crore during the quarter ended December 31, 2024. It had registered profit after tax of Rs 50.02 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 185.77 crore in Q3 FY25, a growth of 109.27 per cent from Rs 88.77 crore it recorded in the similar quarter last year. Amit Kumar Sinha, managing director & CEO of the ...Read More >
Chandigarh: Hours after Punjab BJP president Sunil Jakhar on Sunday sought an investigation into "corruption allegations" against him, Punjab industries minister Sanjeev Arora resigned as the managing director of Hampton Sky Realty Ltd and eight other companies of the group. For the resignation, Arora cited his "appointment as a member of the legislative assembly (MLA) followed by his appointment as the minister in the Punjab govt".Addressing a press conference earlier in the day, Jakhar said there was a 2016 SEBI ruling that found Arora "guilty of misleading shareholders". Jakhar also pointed ...Read More >
Srinagar, Oct 13 (SocialNews.XYZ) Jammu and Kashmir Lt. Governor Manoj Sinha on Monday highlighted the importance of lifelong learning skill and community engagement for institutions of higher learning. The L-G chaired the 36th meeting of Executive Council of Shri Mata Vaishno Devi University, at Raj Bhawan. The Executive Council discussed several important academic and administrative issues and gave in-principle approval to various agenda points presented during the meeting. The Lieutenant Gov ...Read More >
Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. For all the latest headlines, follow our Google News channel online or via the ap ...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 >
Bengaluru : TVS Motor Company - a leading global automaker that operates in the two and three-wheeler segments - marked 20 years of its flagship motorcycle, TVS Apache by launching limited-edition variants across its fiery lineup - TVS Apache RTR 160, 180, 200 and TVS Apache RR310 and RTR310 while raising the benchmark for sports motorcycles in India with new, top-of-the-line trims, of the RTR 160 4V and RTR 200 4V. The limited-edition line-up features a unique black-champagne-gold livery, dual tone alloy wheels and USB charger and much more, making them true collector's pieces. The new 4V v ...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 >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
New Delhi, October 20: The Bengaluru police have registered a case of abetment to suicide against Ola founder and CEO Bhavish Aggarwal and senior executive Subrath Kumar Das after an employee allegedly took his own life. The deceased, 38-year-old K Aravind, is said to have left behind a 28-page death note in which he accused his seniors of workplace harassment. Police said the case was filed following a complaint by Aravind's brother, Ashwin Kannan. According to officials, the FIR names Bhavish Aggarwal, Subrath Kumar Das -- who heads Vehicle Homologations and Regulation at Ola -- and others ...Read More >
Bengaluru: The Central Goods and Services Tax (CGST)-Bengaluru zone marked the eighth anniversary of the introduction of Goods and Services Tax (GST) with Karnataka celebrating a significant milestone. The state recorded a robust GST revenue of about Rs 1.6 lakh crore in the financial year 2024-25, securing its position as the second-highest GST-contributing state in the country after Maharashtra.Karnataka's rising tax contribution reflects the state's growing economic activity and expanding taxpayer base. With approximately 10.5 lakh registered taxpayers, Karnataka now ranks fifth among India ...Read More >
In a major shake-up at the Tata Trusts, Mehli Mistry -- once considered a close confidant of Ratan Tata -- is set to exit the apex charitable bodies after chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh declined to approve the renewal of his term, people familiar with the matter said. In a dramatic turn at the Tata Trusts, Mehli Mistry -- once regarded as one of Ratan Tata's closest confidants -- faces potential ouster after chairman Noel Tata, vice chairman Venu Sriniv ...Read More >
Srinagar, Aug 3 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah on Sunday expressed condolences on the untimely demise of daughter of Udhampur SSP Amod Nagpure Ashok. Democratic Progressive Azad Party (DPAP) chief Ghulam Nabi Azad also condoled the death, saying "there can be no greater pain for a parent than losing a child". In a message, LG Sinha said, "Shocked and heartbroken by the tragic news of the passing of the daughter of SSP Udhampur Shri Amod Nagpure Ashok. My deepest condolences to the grieving family. May the Almighty give them courage an ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
Coca-Cola's bottling company Hindustan Coca-Cola Beverages (HCCB) has announced Hemant Rupani, former president, Mondelez South East Asia, as its India CEO. Rupani will succeed outgoing chief Juan Pablo Rodriguez. The changes are effective September 8. "Hemant comes to HCCB after a nine-year career with Mondelez International Inc. He will succeed current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system," Coca-Cola said in a statement. In his role at Mon ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at Rs 59,999, offering an affordable alternative to the original S1 model. Ola Electric chief executi ...Read More >
BENGALURU: A day after Biocon chief Kiran Mazumdar-Shaw highlighted Bengaluru's "creaking" infrastructure, Karnataka's deputy CM D K Shivakumar Wednesday accused her of "betrayal" and of tarnishing the very state and country that helped her succeed as an entrepreneur.However, people sprang to her defence, accusing the government of displaying hostility towards those who speak up, and of refusing to accept constructive criticism.On her part, Shaw on Wednesday blamed previous governments' inaction for the current situation. "We are in this situation because of past govts' failure to act in time. ...Read More >
Housing sales across India's top eight cities saw a slight increase in the July-September quarter. New housing unit launches also grew compared to the previous year. Demand in premium segments remains strong. However, affordable housing faces challenges due to price rallies. Developers are encouraged to boost supply in this vital segment to improve affordability for end-users. Sales of residential properties across the top eight cities rose slightly to 96,827 units in July-September on strong de ...Read More >
Prime Minister Narendra Modi lauded TVS Motor executives for promoting Kutch's culture through their coffee table book, created after a motorcycling event at Rann Utsav 2025. Modi praised the initiative and invited tourists to explore Kutch's heritage and landscapes New Delhi: Prime Minister Narendra Modi said on Sunday that it was a delight to meet top TVS Motor Company executives, while commending them for chronicling the beauty of Kutch. Venu Srinivasan, Chairman Emeritus, TVS Motor Company, ...Read More >
Seoul, November 27: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase is to enhance shareholder value, reports Yonhap news agency. Reducing the number of shares in circula ...Read More >
Nestle is facing mounting pressure from shareholders as investors call for Chairman Paul Bulcke to step down, following the departure of a second chief executive in just over a year. According to the Financial Times, concerns over corporate governance and decision-making have intensified after the abrupt dismissal of former CEO Laurent Freixe in early September. Freixe, who led Nestle's operations before his dismissal, was removed for failing to disclose a romantic relationship with a subordinat ...Read More >
New Delhi: Electric two-wheeler maker Ather Energy has granted fresh employee stock options (ESOPs) totalling 12.7 lakh equity shares under its 2025 plan, according to regulatory filings. The company's nomination and remuneration committee approved 9.7 lakh stock options for eligible employees, while the board of directors cleared an additional 2.9 lakh stock options for key managerial personnel and senior management. In total, 12,74,424 shares have been allotted. Based on Ather's BSE closing price of ₹556.5 per share on Thursday, the ESOPs are valued at around ₹70.9 crore. "The grant of op ...Read More >
New Delhi, Sep 5 (PTI) Girish Mathrubootham will step down from his role as Chairman of Freshworks effective December 1, 2025, the Nasdaq-listed SaaS firm said in a filing. The move by Mathrubootham, who is also Freshworks' founder, follows his decision to devote full-time efforts to Together Fund, a venture fund co-founded by him. The Board has appointed Roxanne Austin, Lead Independent Director, to serve as Chairperson of the Board beginning December 1, 2025. "On September 3, 2025, Rathna Girish Mathrubootham provided notice to Freshworks Inc. that he will retire from his roles as Executi ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances of EVM counting being completed before postal ballot counting. INDIA bloc had, during the 2024 elec ...Read More >
On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units. "Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year," Samir Jasuja, founder and CEO, PropEquity, said. While Bengaluru led with 17,991 units sold, followed by ...Read More >
Srinagar (Jammu and Kashmir) [India], July 15 (ANI): The Jammu and Kashmir Students Association (JKSA) on Tuesday wrote to Karnataka Chief Minister Siddaramaiah, seeking his immediate intervention in an incident of alleged religious discrimination faced by Kashmiri female students at a nursing college in Bengaluru. The students, who wear the hijab or burkha in accordance with their religious beliefs, have reportedly been barred from attending classes and threatened with expulsion by the management of Sri Soubhagya Lalitha College of Nursing, affiliated with the Rajiv Gandhi University of Heal ...Read More >
Additionally, market participants will monitor developments surrounding the scheduled US-China presidential meeting. In an event-heavy week, stock investors will track ongoing quarterly earnings, the US Federal Reserve's interest rate decision, and macroeconomic data for market direction, analysts said. Moreover, progress in India-US trade negotiations will remain a key focus for investors, an expert said. "The ongoing Q2FY26 results season will continue to shape market direction, with several ...Read More >
Mumbai: Days after resigning from his post as the G20 Sherpa, retired Indian Administrative Service (IAS) officer Amitabh Kant joined IndiGo as a non-executive director. The airline with the largest market share in India will aim to benefit from Kant's rich administrative experience on national and global level. On Thursday, IndiGo announced the appointment of Kant, a 1980-batch IAS officer of Kerala cadre, as a aon-executive director on the board of directors of InterGlobe Aviation Ltd. He had resigned from his post as India's Sherpa to prime minister Narendra Modi during the G20 presidency ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as the tax reductions on essential items of daily use will bring a noticeable drop in prices. He furthe ...Read More >