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.
Bengaluru, Jun 6 (PTI) Officials of RCB and event management firm DNA entertainment private limited were taken into custody on Friday in connection with the stampede outside Chinnaswamy stadium that claimed lives of 11 people and injured over 50, police sources said on Friday. Nikhil Sosale, Head of Marketing and Revenue of RCB, Sunil Mathew and Kiran Kumar from DNA entertainment private limited are among those being questioned, they said.
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium to these four investors through a private placement, according to a disclosure on MSEI's websit ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) at locat ...Read More >
Bengaluru, June 6 (PTI) Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the representatives of RCB, DNA entertainment and KSCA in connection with the sta ...Read More >
Bengaluru: Another FIR has been registered against RCB, event management firm DNA Entertainment Private Limited and Karnataka State Cricket Association (KSCA) over the stampede near Chinnaswamy stadium that claimed the lives of 11, police said on Friday. The FIR was registered at Cubbon Park police station under section 125 (a) (act endangering life and personal safety of others) of the Bharatiya Nyaya Sanhita, based on a complaint by victim Rohan Gomes on June 5, they said. RCB, DNA entertainment private limited and KSCA administration have been named as accused in the case, police said. C ...Read More >
New Delhi, May 26 (PTI) Niti Aayog on Monday pitched for tailored financial tools, technology integration and a centralised digital portal to transform medium enterprises into future growth engines of India's economy. In a report titled 'Designing a Policy for Medium Enterprises', the Aayog highlighted the critical yet under-leveraged role played by medium enterprises and outlined targeted interventions to unlock their full potential. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a Rs 5 ...Read More >
Bengaluru, Jun 5 (PTI) Karnataka Chief Minister Siddaramaiah on Thursday ordered the suspension of Bengaluru police commissioner and several senior police officials in connection with the stampede in front of Chinnaswamy Stadium here, which left 11 people dead. He has also ordered the arrest of representatives of RCB, DNA event managers and Karnataka State Cricket Association (KSCA), while handing over the probe to the one-man judicial commission headed by retired High Court judge of Karnataka Justice Michael Cunha. The stampede occurred on Wednesday evening in front of the stadium, where a ...Read More >
Hyderabad, Jun 5 (PTI) A 21-year-old student from Telangana, who was pursuing MBBS in Vietnam, died in a road accident in Can Tho City, his father said on Thursday. Arshid Ashrit, who was riding a bike, was killed in the accident on Wednesday morning, his father Arjun said, citing information received by him. A pillion rider reportedly escaped with minor injuries. Also Read | Gautam Gambhir Reacts On Bengaluru Stampede During RCB's IPL 2025 Victory Celebrations During IND vs ENG Pre-Departure Press Conference, Says 'Was Never a Believer in Road Shows'. Ashrit joined the course two years ago ...Read More >
Bengaluru stampede: Police take officials of RCB, event management firm into custody Officials of RCB and event management firm DNA entertainment private limited were taken into custody on Friday in connection with the stampede outside Chinnaswamy stadium that claimed lives of 11 people and injured over 50, police sources said on Friday. Nikhil Sosale, Head of Marketing and Revenue of RCB, Sunil Mathew and Kiran Kumar from DNA entertainment private limited are among those being questioned, they said. On Thursday, Karnataka Chief Minister Siddarmaiah has instructed the DGP and IGP of the sta ...Read More >
Mumbai, May 20 (PTI) Around 65 per cent of fans of T20 cricket league IPL polled expect to see a new trophy winner this year with Royal Challengers Bangalore emerging as the favourite, according to a survey. The survey of more than 5,000 cricket fans, including Gen Zs, till May 5 found that 12 per cent of fans want to see Delhi Capitals as winner while 7 per cent rooted for Punjab Kings, the 23 Watts Insights Studio, which conducted the poll, stated. The survey, The IPL Pulse, explores how India's Cricket fandom, especially Gen Zs, are engaging with the league, reacting to its evolving forma ...Read More >
Bengaluru (Karnataka) [India], June 6 (ANI): Venu, one of the injured in the stampede that took place outside the Chinnaswamy Stadium in Bengaluru on June 4, is undergoing treatment at a hospital, recounted the tragedy that left eleven people dead and many more injured. The incident occurred when a massive crowd of fans gathered to greet the Royal Challengers Bengaluru (RCB) after they had won the IPL. 'We went to watch the event near gate no. 6 around 3:30 pm yesterday. The barricade fell and caused injury to me. I received a fracture. I'm better now, but I can't walk. Three of us went ther ...Read More >
RCB celebrations stampede LIVE UPDATES: Bengaluru Police have arrested four people, including RCB's marketing head Nikhil Sosale, over the stampede that killed 11 during the victory celebration. Two KSCA officials are absconding as the investigation continues. Bengaluru stampede news live updates: Bengaluru Police have arrested four people in connection with the tragic stampede that killed 11 people during Royal Challengers Bengaluru (RCB) victory celebration at the M Chinnaswamy Stadium. One of the arrested is Nikhil Sosale, a top marketing official of the RCB team. He was on his way to the ...Read More >
Bengaluru, Jun 6 (PTI) Karnataka BJP general secretary P Rajeev on Friday said he has filed a police complaint seeking legal action against Chief Minister Siddaramaiah, his deputy D K Shivakumar and Home Minister G Parameshwara for the June 4 stampede that killed 11 people. The stampede occurred on Wednesday evening in front of the Chinnaswamy stadium here, where a large number of people thronged to participate in the RCB team's IPL victory celebrations. Eleven people died and 56 were injured in the incident. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over St ...Read More >
'Of course, if I get an opportunity to lead RCB, that is what I am there for, and I will be happy.' IMAGE: Rajat Patidar's name is doing rounds within RCB circles as their prospective captain for IPL 2025. Photograph: BCCI Rajat Patidar's international career did not take off as he would have liked, but the Madhya Pradesh batter is confident of 're-creating' the opportunity through domestic matches and make a comeback to the Indian team. Patidar's six innings against England earlier this year ...Read More >
New Delhi, May 29 (PTI) Ipca Laboratories on Thursday said its consolidated net profit increased 14 per cent to Rs 68 crore in the fourth quarter ended March 31, 2025. The drug firm reported a net profit of Rs 60 crore during the January-March quarter of 2023-24 financial year. During the quarter, revenue from operations rose to Rs 2,247 crore as compared to Rs 2,033 crore in the year-ago period, Ipca Laboratories said in a regulatory filing. Net profit stood at Rs 738 crore for 2024-25 fiscal against Rs 547 crore in FY24. Revenue rose to Rs 8,940 crore for the last fiscal from Rs 7,705 cr ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
The police also arrested Kiran Kumar (Senior Event Manager) and Sunil Mathew (Vice President - Business Affairs), who were working for DNA Entertainment Network, the event management company in charge of the victory celebrations. Sosale has been RCB's marketing and revenue head for over two years now. The M. Chinnaswamy Stadium in Bengaluru became the epicenter of a tragic event on June 4, 2025, when a stampede during the Royal Challengers Bengaluru (RCB) IPL victory celebrations resulted in the deaths of 11 people. The incident, which was meant to be a joyous occasion marking RCB's first-eve ...Read More >
Bengaluru, Jun 6 (PTI) The Karnataka State Cricket Association had sought permission for RCB's IPL trophy celebrations at Vidhan Soudha, a letter sent by it to the state government has revealed, reaffirming KSCA's assertion that it facilitated approvals for the franchise which is under fire following 11 deaths in a stampede outside the Chinnaswamy Stadium. After an FIR was lodged against them, KSCA president Raghuram Bhat, secretary A Shankar and treasurer E S Jayaram submitted in the Karnataka High Court that the gate management and crowd management were not the responsibility of the associa ...Read More >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 crore in the year-ago period, it added. Total expenses in the quarter under review stood at Rs 1,505 c ...Read More >
Bengaluru Stampede: RCB lifted the IPL 2025 trophy on 4th June, a historic win in 18 years since the inception of the game format. The celebration that followed was indeed magnificent, but was dulled by the death of 11 people in the stampede. Many are trying to pinpoint the causes of the crowd mismanagement but the time line suggests it was the mere excitement of the fans and confusions and misinformation about the victory celebration that broke into a chaos. The Bengaluru traffic police announced that there will be a victory parade and the celebrations will be restricted to the stadium only ...Read More >
Bengaluru stampede: Coming down heavily on lax policing in the aftermath of the stampede that took place during the Royal Challengers Bengaluru (RCB) victory parade, Karnataka CM Siddaramaiah on Thursday suspended senior Bengaluru police officers including city Police Commissioner 'with immediate effect'. Informing of the steps taken after 11 people were killed in the stampede on Wednesday, the chief minister said, "Cubbon Park Police Station Police Inspector, Station House Master, Station House Officer, ACP, Central Division DCP, Cricket Stadium in-charge, Additional Commissioner of Police, ...Read More >
Following a stampede at an IPL victory celebration in Bengaluru that resulted in 11 fatalities, Karnataka Chief Minister Siddaramaiah has suspended several top police officials for negligence. A judicial inquiry, led by Justice John Michael D'Cunha, will investigate the incident, along with a CID probe into RCB, KSCA, and DNA Entertainment Networks.Karnataka Chief Minister Siddaramaiah on Thursday announced the suspension of Bengaluru City Police Commissioner B Dayanand, Additional Commissioner ( ...Read More >
Karnataka Deputy Chief Minister D K Shivakumar expressed grief over the stampede near Chinnaswamy Stadium, lamenting the loss of lives and the damage to Bengaluru's reputation. He dismissed opposition allegations and accusations of playing politics, emphasizing the government's responsibility.Karnataka Deputy Chief Minister D K Shivakumar on Thursday turned emotional over the loss of lives due to the stampede near the Chinnaswamy Stadium and said that Bengaluru has lost its image due to the incid ...Read More >
The Karnataka State Cricket Association (KSCA) has denied responsibility for the stampede that took place outside Bengaluru's M Chinnaswamy Stadium during the Royal Challengers Bengaluru (RCB) victory celebrations. The incident led to the deaths of 11 people. In a statement, KSCA claimed it was not involved in organising the event, managing entry gates or handling the crowd. "The decision to hold the event was taken by the government. It was conducted at Vidhana Soudha, not at Chinnaswamy Stadium," the association said, adding that its role is limited to renting out the stadium and managing c ...Read More >
New Delhi, May 22 (PTI) Royal Challengers Bengaluru on Thursday signed New Zealander Tim Seifert as a replacement for England batter Jacob Bethell, who will be unavailable for the IPL play-offs due to national commitments. The replacement will be effective from May 24, the BCCI said in a statement. Seifert, who has scored 1540 runs in 66 T20s for the Blackcaps, has played only three games in the IPL previously and last featured in the tournament in 2022. He will join RCB for Rs two crore. "Royal Challengers Bengaluru (RCB) have signed Tim Seifert as Jacob Bethell is set to leave from TATA I ...Read More >
Bengaluru Stampede during RCB's celebrations: The legendary Kapil Dev on Thursday expressed anguish at the death of 11 fans during Royal Challengers Bengaluru's IPL victory celebrations here, saying "lives are more important than celebration" and advised everyone to take proper precautions in future. Nearly two and a half lakh people thronged the areas near the M Chinnaswamy Stadium on Wednesday to catch a glimpse of their idols, but the ensuing chaos caused the death of 11 people, besides leaving scores of others injured. "I feel very bad about that. I think we have to learn from each other. ...Read More >
Karnataka State Cricket Association (KSCA) President Raghu Ram Bhat and a few other office bearers moved the Karnataka High Court on Friday seeking to quash the FIR filed against them in the Chinnaswamy stadium stampede case. Police on Thursday registered an FIR against RCB, event management firm DNA entertainment private limited, and Karnataka State Cricket Association (KSCA). Karnataka Chief Minister Siddarmaiah too on Thursday had instructed the state DGP and IGP to immediately arrest the re ...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 >
Bengaluru, June 6 (UNI) The BJP on Friday strongly demanded the ouster of the Congress government in Karnataka, holding it morally responsible for the loss of 11 lives following the stampede during the Royal Challengers Bengaluru (RCB) IPL victory celebration. BJP state chief Vijayendra Yediyurappa referred to a written communication by Cubbon Park Police denying permission for the June 4 celebration, warning of uncontrollable crowds and security risks. "Despite this, the CM tweeted inviting people to a felicitation at Vidhana Soudha. Lakhs of fans gathered there. Who gave permission for that ...Read More >
Bengaluru, Jun 5 (UNI) A First Information Report (FIR) was registered against IPL champions Royal Challengers Bengaluru (RCB), the event management firm DNA Entertainment, and the Karnataka State Cricket Association (KSCA) on Thursday in connection with the stampede that left 11 dead and over 30 injured outside the Chinnaswamy Stadium here. The incident occurred during RCB's victory parade and public felicitation ceremony on Wednesday following their maiden IPL title win. According to police, over two lakh fans had gathered outside the stadium, far exceeding its 35,000-seat capacity. Chaos ...Read More >
Bengaluru, June 5 (SocialNews.XYZ) The Karnataka Police in the FIR registered regarding the June 4 stampede incident near the Chinnaswamy Stadium here which resulted in the deaths of at least 11 people, claimed that the accused parties -- Royal Challengers Bengaluru (RCB) franchise, DNA event management firm, and the Karnataka State Cricket Association (KSCA) Administrative Committee -- organised the victory celebration without the necessary permissions. The FIR filed by the Cubbon Park police on Thursday further stated that due to the initiation of all possible precautionary measures by the ...Read More >