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.
Chennai: The anti-corruption bureau of the Central Bureau of Investigation (CBI), Chennai, arrested Yellamilli Rinkesh, a superintendent, and Ramkesh Meena, an inspector of Goods and Services Tax (GST) in connection with a bribery case in the Ranipet Range.CBI said a case was registered on Tuesday against the superintendent following a complaint that he demanded a bribe of 30,000 to facilitate clearance of a GST registration. After negotiations, he agreed to accept 15,000 from the complainant.Acting on the complaint, the CBI laid a trap the same day and caught the superintendent while he was demanding and accepting the bribe amount of 15,000.During the operation, the involvement of a GST inspector also came to light. The inspector attempted to destroy evidence by dropping it in a toilet commode and flushing it upon noticing the trap team. However, the amount was recovered by the officials. Both accused officials were arrested, and further investigation is underway, CBI said.
Mumbai: The Central Bureau of Investigation (CBI) has arrested a junior engineer working in the office of the Assistant Garrison Engineer (AGE) at the Naval Officers Family Residential Area (NOFRA), in Navy Nagararea of Colaba, for demanding and accepting a bribe of Rs 4.5 lakh from a contractor to clear a pending bill of Rs 40 lakh. About The Case The accused Dinesh Pandey was caught red-handed while accepting the bribe in the presence of AGE RS Thakur. The bribe amount was later recovered from a cupboard in Thakur's chamber. Pandey was produced before a special CBI court and remanded to cu ...Read More >
New Delhi, Jul 3 (PTI) HDFC Bank CEO and MD Sashidhar Jagdishan on Thursday moved the Supreme Court challenging an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. Senior advocate Mukul Rohatgi, appearing for Jagdishan, mentioned the matter for urgent listing before a bench of Justices M M Sundresh and K Vinod Chandran. The bench said the matter would be listed for hearing on Friday. "This is an urgent matter. I request for listing tomorrow on behalf of the HDFC bank and ...Read More >
New Delhi/Bhopal/Raipur, July 5 (SocialNews.XYZ) In a sweeping action exposing deep-rooted corruption in medical college regulation and accreditation, the CBI arrested six people, including three doctors, and busted a racket involving self-styled godman Rawatpura Sarkar, former UGC Chairman D.P. Singh and a network of officials and middlemen, an official said on Saturday. The muli-state corruption racket forced the CBI to raided more than 40 locations in Madhya Pradesh, Chhattisgarh, Rajasthan, Karnataka, Uttar Pradesh and Delhi. The Central Bureau of Investigation (CBI) has named 34 and one ...Read More >
Bhubaneswar, Jul 10 (PTI) Officials of the Central Bureau of Investigation (CBI) on Thursday arrested a chief manager of Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, for accepting a bribe of Rs 20,000 from an individual. The central agency, in a statement, said it apprehended MCL's chief manager (mining) for Basundhara area in Odisha's Sundargarh district for demanding and accepting a bribe of Rs 20,000 from the complainant. The complainant alleged that the accused had demanded a bribe of Rs 30,000 for facilitating the release of a compensation fund of Rs 11.37 lakh in conn ...Read More >
New Delhi, July 19 (SocialNews.XYZ) The CBI arrested an accountant of Border Security Force (BSF) in Delhi while accepting a bribe of Rs 40,000 from a colleague for releasing the latter's pay arrears of Rs 18.73 lakh, an official said on Saturday. The Central Bureau of Investigation (CBI) registered the case on Friday against Dharmendra Kumar, Assistant Accounts Officer, Pay and Accounts Office, BSF, Delhi, and another unknown person on the complaint of pharmacist Mahesh Singh of 16 Battalion, NDRF, Dwarka. The accountant was booked under penal provisions for criminal conspiracy, taking undu ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning i ...Read More >
Mumbai, Jun 6 (PTI) A special CBI court on Friday remanded a junior engineer at Garrison Engineer office in Mumbai's Navy Nagar to police custody till June 9 in a bribery case. Dinesh Pandey was arrested by the Central Bureau of Investigation on Thursday for allegedly accepting a bribe of Rs 4.5 lakh from a contractor to clear a building repair bill. The CBI told court Pandey was caught red-handed and the bribe amount of Rs 3.4 lakh was recovered from a cupboard in his office in Naval Officers Family Residential Area (NOFRA) here. The CBI sought five-day custody of Pandey citing the need to ...Read More >
Mumbai, Jun 26 (PTI) Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
Thiruvananthapuram, Aug 3 (SocialNews.XYZ) The India Meteorological Department (IMD) has forecast intense rainfall activity across Kerala over the coming days, triggered by a cyclonic circulation over the Gulf of Mannar and adjoining south Tamil Nadu. Several districts in the state have been placed under Orange and Yellow alerts till August 7, with southern Kerala likely to witness extremely heavy rainfall. According to the IMD, the weather system currently lies at an altitude of 5.8 km above mean sea level and is expected to bring widespread downpours to the state. Strong westerly and nort ...Read More >
Nashik, Sep 14 (SocialNews.XYZ) Two cyber fraudsters were arrested by the CBI in Nashik on charges of cheating British nationals by impersonating insurance agents and government authorities, an official of the investigative agency said on Sunday. Ganesh and Shyam Kamankar were arrested for employing 60 people in two illegal call centres under the name Swagan Business Solutions Pvt. Ltd, the official said in a statement. Around 60 people were employed at the call centres, which used Voice over Internet Protocol (VoIP), spoofed numbers and fake documents to dupe victims into sharing credit/deb ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, notably higher than the normal 4.3 mm. Warangal's Sangem recorded the day's highest maximum temperature ...Read More >
Bengaluru, Dec 15 (VOICE) Former Minority Commission Chairman Anwar Manipaddy on Sunday refuted the bribery charge levelled by Chief Minister Siddaramaiah, saying the Congress leaders have been offering him bribes to suppress the Waqf encroachment report. CM Siddaramaiah on Saturday alleged that BJP state president B.Y. Vijayendra "tried to bribe" the former Minority Commission Chairperson during the previous government with Rs 150 crore to suppress a probe into the Waqf property encroachment. Speaking to the media, Anwar Manipaddy stated that if Chief Minister Siddaramaiah has any genuine co ...Read More >
Bhubaneswar, July 4 (UNI) The Orissa High Court has granted 10-day interim bail to Chintan Raghuvanshi, deputy director of the Enforcement Directorate's regional office, who was arrested by the CBI on the bribery charge in May last, to enable him to see his newborn baby. "The birth experience of a child in a family, more particularly the bondage of father to new born baby, cannot ordinarily be expressed in words," the court observed. Single bench judge Justice G Satapathy granting bail to the ED ...Read More >
New Delhi [India], July 12 (ANI): The eye-witness in the 1984 Anti-Sikh riots case, Harpal Kaur Bedi, said on Saturday that her statement given against Congress leader Jagdish Tytler was without the influence of the Central Bureau of Investigation (CBI) or political leaders. Bedi had started testifying at the Rouse Avenue court on Friday and returned on Saturday for cross-examination. Congress leader Jagdish Tytler is facing trial linked with the killing of 3 Sikhs in the Pul Bangash area on November 1, 1984. Special Judge Jitendra Singh recorded the statement of Harpal Kaur Bedi, who is the ...Read More >
New Delhi [India], July 12 (ANI): The eye-witness in the 1984 Anti-Sikh riots case, Harpal Kaur Bedi, said on Saturday that her statement given against Congress leader Jagdish Tytler was without the influence of the Central Bureau of Investigation (CBI) or political leaders. Bedi had started testifying at the Rouse Avenue court on Friday and returned on Saturday for cross-examination. Congress leader Jagdish Tytler is facing trial linked with the killing of 3 Sikhs in the Pul Bangash area on November 1, 1984. Special Judge Jitendra Singh recorded the statement of Harpal Kaur Bedi, who is the ...Read More >
Patna, July 19 (SocialNews.XYZ) In a major action against corruption, the State Vigilance Unit (SVU) on Saturday arrested Sub-Inspector Putul Kumari, the SHO of the Women's Police Station in Samastipur, for accepting a bribe of Rs 20,000. Her driver was also arrested in the case. The arrest has created a stir within the police department. According to an official, Putul Kumari was caught red-handed while taking the bribe from Rajiv Ranjan, a resident of Chhatauna village under Mufassil police station limits, in connection with an assault case. Rajiv Ranjan had filed a written complaint with ...Read More >
Lucknow: Central Bureau of Investigation (CBI) apprehended Rehmat Ali, a recovery agent with Prathma UP Gramin Bank in Rampur, for allegedly demanding and accepting a bribe of Rs 20,000 from a complainant.According to officials, CBI registered case on Jun 4, against Ali and unknown public servants based on allegations that the accused demanded illegal gratification to facilitate the processing of a Rs 4 lakh insurance claim. Ali reportedly assured the complainant that he could influence the bank's branch manager to expedite the claim in return for the bribe. Following verification of the compl ...Read More >
Cuttack, Jul 4 (PTI) Enforcement Directorate's Deputy Director Chintan Raghuvanshi, who was arrested by the CBI while allegedly accepting a bribe from a businessman in Bhubaneswar, was released on interim bail from the Jharpada jail on Friday evening. The Orissa High Court granted him interim bail on Wednesday for 10 days on the ground that the young officer became a father on June 28 and he wanted to see his newborn baby and attend some rituals. Also Read | PM Narendra Modi Conferred With 'The Order of the Republic of Trinidad & Tobago' During Ceremonial Event at President's House in Port o ...Read More >
Bhopal, July 5 (SocialNews.XYZ) Ravi Shankar Maharaj, at the centre of a medical education scam involving bribes for granting accreditation to sub-standard medical colleges, may have thrived all these years with help from influential followers, including politicians and bureaucrats, and his efforts to painstakingly nurture a network spanning religion, education and politics across central India. The CBI's first information report (FIR) naming the self-styled spiritual leader is the self-styled godman's first brush with law in decades. Also known as Rawatpura Sarkar, the godman has influentia ...Read More >
Patna: The Central Bureau of Investigation (CBI) on Wednesday formally arrested Aditya Saurabh, an Indian Revenue Service (IRS) officer, along with an income-tax inspector and a multi-tasking staff (MTS) member in Patna in connection with a bribery case involving Rs 2 lakh. All three were remanded in three days' CBI custody by the CBI special court-1 in Patna.According to CBI sources, Aditya Saurabh, a 2021-batch IRS officer, is currently serving as assistant director in the income-tax Department ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) has arrested Krishan Kumar, a Superintendent of Customs posted at the Air Cargo Complex in Sahar, Mumbai, for allegedly demanding and accepting a bribe of Rs 10.2 lakh from a Customs House Agent (CHA) firm. The arrest was made during a trap operation on August 2, 2025, after a detailed verification and surveillance process. According to a CBI press release issued on Sunday, the case was registered against Krishan Kumar and other unknown public servants and private individuals based on a complaint by a CHA firm. The ...Read More >
Patna: Jan Suraaj Party founder Prashant Kishor on Monday alleged that Bihar Deputy Chief Minister Samrat Choudhary had escaped trial in a decades-old murder case by "falsely" claiming to be a minor before the Supreme Court. Addressing a press conference here, Kishor said Choudhary's affidavit, filed in 2020 at the time of getting elected to the state legislative council, flew in the face of his earlier claim before the apex court, and demanded his "immediate dismissal". Choudhary, a former state BJP president who holds crucial portfolios like finance in the Nitish Kumar government, dismisse ...Read More >
The agency has now moved a fresh plea for their remand in the court, saying the duo need to be interrogated about alleged involvement of other senior officials of NCLT in the bribery case. The CBI has approached a city court seeking custody of deputy registrar of the National Company Law Tribunal (NCLT), Mumbai bench, arrested for allegedly demanding and accepting a bribe of Rs 3 lakh from a businessman for helping to favourably settle ownership dispute of a hotel. The CBI on May 29 arrested de ...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 >
CUTTACK: The Orissa High Court has granted a 10-day interim bail to Chintan Raghuvanshi, deputy director of the Enforcement Directorate (ED), Bhubaneswar zonal office, who was arrested by the CBI on May 30 in connection with a bribery case. The 2013-batch Indian Revenue Service officer was taken into custody for allegedly accepting illegal gratification through a middleman from a city-based businessman in exchange for settling a case. Raghuvanshi had filed a regular bail petition on June 23, along with an interlocutory application seeking interim bail citing the pregnancy of his wife. However ...Read More >
NEW DELHI/BATHINDA: The Directorate of Enforcement (ED) on Friday conducted searches at 22 de-addiction centres across Punjab, including in Chandigarh, Barnala and Ludhiana, after its investigation revealed illegal sale of drugs by these centres. The agency also searched a premise in Mumbai linked to the accused.Dr Amit Bansal, who runs these 22 centres, is prime accused in the case, sources said. Bansal, against whom Punjab Police has registered multiple FIRs, is alleged to be engaged in illegal sale of drugs from his de-addiction centres.Privately-run drug de-addiction centres in Punjab are ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mobiles Costing Up to INR 1.63 Lakh', Claims Delhi Minister Ashish Sood. According to the official re ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UPI with Gold Loans enables customers to access instant credit against their gold holdings. The produc ...Read More >