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: Imagine if your home address was as smart as your smartphone. In a big push to modernise India's age-old postal system, the government has introduced DIGIPIN -- a new digital address system that aims to replace traditional PIN codes. Launched by the Department of Posts, DIGIPIN uses a unique 10-digit code to precisely identify the exact location of a property, making deliveries, navigation, and verification simpler and smarter than ever before. DIGIPIN stands for Digital Postal Index Number. It's a unique 10-digit code that gives the exact location of a property -- unlike traditional PIN codes that cover broad areas. This new system is designed to improve service delivery, especially in remote or hard-to-reach places, by using accurate geographic coordinates to pinpoint addresses. India has been mapped into tiny square grids, and each grid is assigned a unique 10-digit code based on its exact latitude and longitude. This means your DIGIPIN is like a digital address that points directly to your home's spot on the map -- making it easy to locate with pinpoint accuracy. As per a press release by the Ministry of Communications on May 27, 2025, DIGIPIN is an open-source, geo-coded digital address system built on a grid format. It's designed to work seamlessly across platforms and services. The aim is to provide "Address-as-a-Service" (AaaS) -- a smart solution to manage address data and enable smooth, secure interactions between citizens, government bodies, and private organisations. Here's how DIGIPIN makes everyday services smarter and more efficient: - Improves accuracy: Eliminates confusion caused by similar-sounding or duplicate addresses. - Pinpoints exact location: Uses precise geographic coordinates for better identification of properties. - Boosts logistics and deliveries: Ensures smoother last-mile delivery, especially in rural and remote areas. - Enhances emergency response: Helps locate places quickly during emergencies, saving time and lives. - Supports GIS-based services: Lays the foundation for integrating GIS technology in service delivery across sectors. - Enables secure interactions: Facilitates safe and efficient communication between citizens, government bodies, and private companies. - Cost-effective solution: A smarter, scalable alternative to traditional address systems that works across platforms. Getting your digital address is simple! Just head over to the official website: https://dac.indiapost.gov.in/mydigipin/home. Here, you can easily find your unique 10-digit DIGIPIN code that accurately marks your exact location.
The Indian Ports Bill, 2025, proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global maritime leader. The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, by voice vote amid continued protests by opposition members of Parliament demanding a discussion on the revision of electoral rolls in Bihar. The bill proposes modernizing India's port governance, enhancing trade efficiency, and solidifying India's position as a global mar ...Read More >
NewsVoirNew Delhi [India], August 21: TVS Motor Company, a global leader in two and three-wheeler manufacturing, today launched the TVS King Kargo HD EV - engineered for the evolving needs of the urban and semi-urban logistics segment. The TVS King Kargo HD is purpose-built to combine cutting-edge technology, robust design, performance and reliability. The company also showcased the TVS King Kargo HD CNG variant, which will be launched before the end of the calendar year '25.The TVS King Kargo HD EV is designed to elevate safety, comfort, and connectivity for last-mile delivery operators. It i ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from October 1. "With a view to ensure that the benefits of the reservation syst ...Read More >
New Delhi, Apr 9 (PTI) India has been able to navigate the current global situation due to a matured democracy, diplomacy, diversification and decisive action, Union Minister Jyotiraditya Scindia said on Thursday. Speaking at an AIMA event, Scindia said Indian vessels have been moving through Strait of Hormuz to reach Indian shores. "...the current instability has sent shockwaves through the global system. Shockwaves that have disrupted supply chains, erupted geopolitical tensions. At the same time, energy markets have been fundamentally affected, it is in this environment where energy is o ...Read More >
Union Minister Jyotiraditya Scindia has set an ambitious growth target of 20-30% for India Post's various circles in the current fiscal year. He emphasized cultivating a service-oriented culture to enable India Post to compete in logistics and financial services. The goal is to transform India Post into a sustainable profit center while upholding its social responsibility. Union minister Jyotiraditya Scindia has set a growth target of 20-30 per cent for various circles of India Post for the curr ...Read More >
The minister said the new technology will "Enable real-time decision making, boost e-commerce reach, cut operational costs through automation and deliver citizen-first, mobile-ready services anywhere-anytime. The India Post has rolled out Rs 5,800-crore Advanced Postal Technology across the country that will transform it into world-class public logistics organization by enabling mobile-ready services and real time decision making, Union Minister Jyotiraditya Scindia said on Tuesday. The Advance ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Mumbai, October 7 : The government on Tuesday announced several new offerings like UPI with on-device biometric authentication for a seamless, secure and user-friendly alternative to PIN-based UPI authentication, Aadhaar-based face authentication in UPI to enable Aadhaar-linked biometric authentication for setting or re-setting UPI PIN, and the addition of a new mode for cash withdrawal through micro-ATMs using UPI at UPI cash points. The Secretary, Department of Financial Services, Ministry of Finance, Shri M. Nagaraju, IAS, today announced the launch of three new digital feature offerings a ...Read More >
New Delhi: The Department of Posts (Financial Services Division), part of the Ministry of Communications has issued an order regarding Freezing of Small Savings Schemes accounts matured but not closed after 3 years. Department of Posts in an order issued on July 15 said that the order covers the following post office small savings schemes: 7. Public Provident Fund (PPF) (if not extended after maturity) "...it was decided to freeze matured accounts under the schemes MlS, SCSS, TD, KVP, NSC, RD, and PPF accounts (that are matured but not extended), which have not been closed even after three ...Read More >
Mumbai (Maharashtra) [India], July 19 (ANI): A contingent of 23 athletes supported by Reliance Foundation look to compete at the World University Games across six cities in Germany, with events running until July 27. Representing athletics, archery, and judo, these young talents aim to improve international rankings, achieve personal bests, and bring home laurels. The athletics team forms the backbone of the foundation campaign, with 18 athletes competing in sprints, jumps, throws, hurdles, relay, long jump, decathlon, among other events, beginning July 21, a release said. James Hillier, Di ...Read More >
New Delhi [India], July 19 (ANI): The Department of Posts is proud to announce the rollout of the next-generation APT application, marking a major leap forward in our journey towards digital excellence and nation-building. As part of this transformative initiative, the upgraded system will be implemented at the Post Offices in Delhi on July 21. According to a release, Ministry of Communications the name of post offices are Aliganj, Amar Colony, Andrewsganj, C G O Complex, Dargah Sharif, Defence Colony, District Court Complex Saket, East Of Kailash Phase I, East Of Kailash, Gautam Nagar, Golf ...Read More >
Chennai: E-commerce shipments as well as parcels sent to relatives in the US will now be subjected to tariffs as the US has suspended the exemptions for smaller packages valued $800 or less. The suspension of tariff from Friday will have a six-month transition period to a new tariff regime. The tariff rates on small packages will be calculated in one of two ways starting August 29. As per the first option, a flat rate of $80 to $200 per item, depending on the country of origin, will be levied. The second option is based on the value of the package and the "reciprocal" tariff rate set by the ...Read More >
New Delhi [India], September 14 (ANI): Union Health Minister JP Nadda launched AIIMS DISHA, an AI and IoT-powered indoor navigation app. The application is designed to make hospital visits effortless for patients, visitors, and staff, utilising high-precision Bluetooth beacons, AI-driven routing algorithms, and interactive digital maps. It provides real-time, turn-by-turn guidance within the hospital campus. Also Read | Spycam Row: Ashok Gehlot Hits Out at Rajasthan Assembly Speaker Vasudev Devnani Over Installing Extra Cameras, Calls It a 'Crime'. AIIMS Disha utilises Bluetooth Low Energy ...Read More >
Forever News New Delhi: The Department of Posts, Ministry of Communications, today announced a revision in the tariff structure for Inland Speed Post (documents), along with the introduction of new value-added features designed to enhance customer convenience, security, and reliability. The revised tariff will take effect from October 1, 2025, as per Gazette Notification No. 4256 dated 25.09.2025. Launched on August 1, 1986, Speed Post was a landmark initiative in India Post's modernization journey, offering time-bound and dependable delivery of letters and parcels. Over the years, Speed Pos ...Read More >
India's next space hero is here. It's Shubhanshu Shukla.In a historic leap for India's space exploration, Group Captain Shubhanshu Shukla is set to become the first Indian astronaut to travel to the International Space Station (ISS). Scheduled for launch on June 10, aboard SpaceX's Falcon 9 rocket as part of Axiom Mission 4 (Ax-4), Shukla's journey will make history as he becomes the first Indian astronaut to travel to the ISS.Axiom Mission 4 (Ax-4) is a pioneering private spaceflight mission that will not only send India's first private astronaut to space but also mark the return to human spa ...Read More >
New Delhi The Department of Telecommunications (DoT) issued an emergency alert to Android and iOS mobile phone users across India on Saturday. The pop-up alert, received by smartphone users first in English around 1pm, followed by a Hindi version around 1:30pm, contained a test message informing the users about the government's initiative. "This is a TEST Cell Broadcast message sent by Department of Telecommunications, Government of India. Please ignore this message. No action is required from your end. 28/06/2025 #002. To STOP TEST messages, Android users can go to 'Settings' - 'Safety and e ...Read More >
Bengaluru (Karnataka) [India], July 10: NimbleEdge, the on-device AI platform built for performance, privacy, and portability, today announced the global launch of its on-device agentic AI platform 'DeliteAI'. It is the first open-source infrastructure that enables developers to build, deploy, and run fully customized AI-native experiences directly on smartphones without relying on the cloud. Also Read | Sex Racket Busted in Pune: Police Raid 3 Spas in Baner, Viman Nagar and Dhanori; 23 Women Rescued Including Foreign Nationals and Minors (Watch Video). With the launch of DeliteAI, NimbleEdg ...Read More >
In preparation for the rollout of the next-generation Advance Postal Technology (APT) application, postoffices across Telangana will remain closed for public transactions on July 21. This temporary suspension of services is necessary to facilitate a seamless transition to the new digital platform. The Department of Posts has announced that the upgraded APT system will be implemented across all postoffices in Telangana on July 22, except for postoffices in Rangareddy, Nalgonda, and Yadadri-Bhongi ...Read More >
New Delhi [India], July 19 (ANI): The Department of Posts is proud to announce the rollout of the next-generation APT application, marking a major leap forward in our journey towards digital excellence and nation-building. As part of this transformative initiative, the upgraded system will be implemented at the Post Offices in Delhi on July 21. According to a release, Ministry of Communications the name of post offices are Aliganj, Amar Colony, Andrewsganj, C G O Complex, Dargah Sharif, Defence Colony, District Court Complex Saket, East Of Kailash Phase I, East Of Kailash, Gautam Nagar, Golf ...Read More >
New Delhi [India], August 21: TVS Motor Company, a global leader in two and three-wheeler manufacturing, today launched the TVS King Kargo HD EV - engineered for the evolving needs of the urban and semi-urban logistics segment. The TVS King Kargo HD is purpose-built to combine cutting-edge technology, robust design, performance and reliability. The company also showcased the TVS King Kargo HD CNG variant, which will be launched before the end of the calendar year 25. The TVS King Kargo HD EV is designed to elevate safety, comfort, and connectivity for last-mile delivery operators. It introduc ...Read More >
Bengaluru (Karnataka) [India], September 15: Flipkart, India homegrown e-commerce marketplace, has officially announced the dates for its blockbuster annual shopping festival, The Big Billion Days (TBBD) 2025, starting 23rd September, with 24 hour early access for Flipkart Black and Plus members beginning on 22nd September. With Early Bird Deals, customers can shop for their favorite products at The Big Billion Days Sale prices before it officially begins and can access deals across mobiles, electronics, fashion, appliances, and more. Flipkart aims to transform the festive season into a nation ...Read More >
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai. India will allow users to approve payments made through popular domestic payments network, the ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
MHOW, India -- A disturbing incident unfolded early Saturday morning at a government hospital in Mhow, Madhya Pradesh, where a stray dog was discovered carrying the body of a newborn infant in its mouth. The grim revelation was made near the hospital's toilet,prompting an immediate investigation by authorities. A security guard at the civil hospital in Mhow, roughly 25 kilometers from indore, spotted the animal and managed to retrieve the body. hospital officials and local police are now working to piece together the events leading up to the tragedy, focusing on a possible case o ...Read More >
New Delhi: The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire and reopening of the Strait of Hormuz bring immediate relief to exporters by easing shipping disruptions, high frei ...Read More >
New Delhi, Apr 8 (PTI) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire and ...Read More >
New Delhi [India], April 9 (ANI): Union Minister of Communications, Jyotiraditya M Scindia, stated that India will have more than a billion users of 5G by the year 2030. Speaking at AIMA's 11th National Leadership Conclave, the Minister highlighted that India became the second-largest mobile phone producer globally. "India had the fastest 5G rollout in the world. 500,000 towers, ₹450,000 crore worth of capex. In a short period of four years, 400 million consumers. And our 5G consumers will go ...Read More >
HMD Global, the company behind Nokia phones, is shifting a significant portion of its manufacturing from China to India as part of its strategy to make India a global production hub. CEO Ravi Kunwar confirmed the move, noting that supply chain, sourcing, and logistics operations are being relocated. This shift is driven by changing geopolitical dynamics, including trade tensions between the US and China. While HMD has already moved critical operations to India, the company plans to expand exports from Indian facilities to West Asia, Africa, and eventually the US and Europe, strengthening its g ...Read More >
New Delhi, Sep 26 (SocialNews.XYZ) India's seafarer workforce has grown from 1.25 lakh a decade ago to over three lakh today, placing the country among the top three global suppliers of trained seafarers, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said on Friday. This creates vast opportunities in navigation, ship operations, logistics, and allied maritime industries both in India and abroad, he added while addressing the 10th convocation of the Indian Maritime University (IMU) in Chennai. The event highlighted the remarkable transformation of India's maritime secto ...Read More >
New Delhi: India will become the logistics powerhouse globally by 2030, said Union Minister of Communications Jyotiraditya Scindia on Thursday. Scindia said India Post will have a central role in this journey, estimating that the public sector body's revenue will grow by 18-20% in FY27, from nearly ₹13,000 crore in FY26. Also Read: Executives meet Jyotiraditya Scindia as Starlink awaits India nod "We are moving now towards becoming a logistics powerhouse, not only of India, but hopefully by 2030, for the world, enabled by services like '24 Speed Post' and '48 Speed Post'," the minister said ...Read More >