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.
Colombo: India and Sri Lanka explored ways to further expand their bilateral defence cooperation, especially in areas of maritime security, the island nation's defence ministry said. The deliberations took place at the Sri Lanka-India Defence Dialogue held in Colombo on Thursday. It was the first high-level meeting after India and Sri Lanka signed the first-ever defence partnership on April 5. A statement from the Defence Ministry said that the Sri Lankan delegation was led by Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd), while the visiting Indian Defence Secretary Rajesh Kumar Singh led the Indian delegation. "The high-level dialogue focused on strengthening bilateral defence cooperation, enhancing maritime security, and exploring new avenues for collaboration in training and strategic engagement," the statement said. Senior officials from both sides participated in the discussions, reaffirming the longstanding defence partnership between Sri Lanka and India, it said.
New Delhi, June 27 (UNI) Defence Minister Rajnath Singh held a bilateral meeting with his Chinese counterpart, Admiral Dong Jun, and stressed the importance of maintaining peace and tranquility along the India-China border, as well as resolving issues through a structured roadmap of permanent engagement and de-escalation. The meeting was held yesterday on the sidelines of Shanghai Cooperation Organisation (SCO) Defence Ministers' meeting in Qingdao, China, a Defence Ministry statement said here. Rajnath Singh acknowledged the work being undertaken by both sides to bring back semblance of nor ...Read More >
New Delhi [India], July 3 (ANI): The Defence Acquisition Council (DAC) on Thursday cleared 10 capital acquisition proposals worth approximately Rs 1.05 lakh crore for procurement of indigenously sourced quick reaction surface-to-air missiles, naval vessels and more. The DAC accorded Acceptance of Necessity (AoN) for capital acquisition proposals, including the procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services, and Surface-to-Air Missiles, according to an official statement from the Defence Ministry. Also R ...Read More >
BEML Ltd. has secured a ₹157.33 crore order from the Defence Ministry to supply 79 Power Angling & Tilting Bulldozers. These bulldozers will support critical infrastructure and snow-clearing along India's borders. This follows BEML's successful completion of a previous order for 66 bulldozers, delivered on time. BEML emphasizes its commitment to indigenous defence manufacturing through in-house R&D and production facilities. BEML Ltd, a public sector undertaking, on Friday said it has been awa ...Read More >
India and the EU are progressing towards implementing a free trade agreement later this year, with discussions focusing on deepening security and defense cooperation. Union Minister Piyush Goyal expressed confidence that the FTA will benefit the auto industry, encouraging collaboration and innovation. As Foreign Secretary Vikram Misri met with the European Union Political and Security Committee (PSC) delegation, led by Chair Delphine Pronk on Friday, India-EU free trade agreement expected to be ...Read More >
NEW DELHI: India on Wednesday offered the indigenous Akash air defence missile system to Brazil, even as the two countries decided to bolster their defence cooperation as well as explore opportunities for co-development and co-production of weapon systems and platforms.The progress of ongoing defence-related bilateral initiatives, with identification of priority areas for joint work, was reviewed in the meeting between defence minister Rajnath Singh and visiting Brazilian vice president Geraldo A ...Read More >
Defence Minister Rajnath Singh praised Operation Sindoor as a symbol of India's courage and diplomacy. Speaking to Army leaders, he underscored the importance of remaining alert in the face of challenges and the necessity for robust information warfare strategies alongside infrastructure advancement. Operation Sindoor will go down in history as a symbol of India's courage and restraint, Defence Minister Rajnath Singh said on Friday even as he called on the military to never underestimate the adv ...Read More >
New Delhi, Jul 6 (PTI) A key defence conclave that serves as a platform for evaluating challenges, initiating reforms and advancing the role of financial governance in defence preparedness, is slated to be held from July 7-9 in Delhi, officials said on Sunday. Defence Minister Rajnath Singh will inaugurate the 'Controllers' Conference-2025' which will be hosted by the Defence Accounts Department (DAD) at the DRDO Bhawan, the defence ministry said in a statement. Also Read | Himachal Pradesh Reels Under Monsoon Fury: 23 Flash Floods, 19 Cloud Bursts, 16 Landslides; IMD Issues Warning for 'Ext ...Read More >
New Delhi [India], July 7 (ANI): Defence Minister Rajnath Singh remembered Captain Vikram Batra on his Balidan Diwas and called him a glorious example of bravery and sacrifice. He posted on his X account, "Remembering the supreme sacrifice made by Captain Vikram Batra on his Balidan Diwas. His unmatched bravery and sacrifice during the Kargil War remain a glorious example of courage in the service of the nation. My tributes to him on his 'Balidan Diwas'." Also Read | BRICS Summit 2025: PM Narendra Modi Calls BRICS Nations To Collectively Pursue Responsible Use of AI To Balance Innovation Wit ...Read More >
New Delhi [India], July 6(ANI): The Defence Accounts Department (DAD) will host the Controllers' Conference 2025 from July 7 to 9 at the Dr SK Kothari Auditorium, DRDO Bhawan, New Delhi. The conference will be inaugurated by Defence Minister Rajnath Singh on July 7, in the presence of top military and civilian leadership including Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services), S G Dastidar, and Controller General of Defence Accounts Mayank Sharma, marking it as a key platform for shaping the fu ...Read More >
India received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft programme. Hindustan Aeronautics Limited (HAL) is expected to receive 12 GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. Indian Air Force has placed orders for 83 LCA Mark 1A fighter jets and a proposal to buy 97 more of these planes is at an advance stage. On Monday, Defence Secretary Rajesh Kumar had said that General Electric will increase ...Read More >
The Indian side has also expressed interest in acquiring additional S-400 squadrons and has requested Russia to deliver the pending units. India is planning to buy a large number of missiles worth around Rs 10,000 crore from Russia to strengthen the capabilities of 'Sudarshan' S-400 air defence systems, according to a report by news agency ANI. The S-400 system, a critical component of the Indian Air Force's air defence network, was instrumental during a four-day conflict when it brought down f ...Read More >
Visakhapatnam, Jul 4: Sub Lieutenant Astha Poonia officially became the first woman to be streamed into the fighter stream of the Indian Navy. Paving the way for a new era of women fighter pilots in the force, and shattering barriers, Poonia also received the prestigious 'Wings of Gold' from Rear Admiral Janak Bevli, Assistant Chief of the Naval Staff (Air). According to the Ministry of Defence, the Indian Navy celebrated the graduation of the Second Basic Hawk Conversion Course at the Naval Air Station, INS Dega, in Visakhapatnam. Lieutenant Atul Kumar Dhull and Sub-Lieutenant Astha Poonia ...Read More >
NEW DELHI: In a significant development, India on Monday received the second GE-404 engine from the US for the LCA Mark 1A fighter jet aircraft programme, Defence officials said. The engine has been received by the Public sector firm Hindustan Aeronautics Limited (HAL) and it is expected to receive 12 more GE-404 engines by the end of this financial year. The engines will be fitted on the LCA Mark 1A fighter jets. The delivery of the engines had been delayed by more than a year due to supply chain issues faced by the American engine manufacturing firm. Indian Air Force has placed orders fo ...Read More >
Kolkata: Prime Minister Narendra Modi on Monday emphasised on the Indian armed forces' jointness, atmanirbharta and innovation for enhanced operational readiness after inaugurating its Combined Commanders' Conference (CCC) at the Eastern Command headquarters, Fort William, in the city. Mr Modi also unveiled the 'Indian Armed Forces Vision 2047' document at the CCC for a future-ready military. Defence minister Rajnath Singh, MoS defence Sanjay Seth, NSA Ajit Doval, defence secretary Rajesh Kumar Singh, foreign secretary Vikram Misri, Chief of Defence Staff General Anil Chauhan and three milita ...Read More >
MUMBAI: Defence stocks were trading in positive territory on Friday, a day after the union government approved the purchase of defence equipment worth Rs 1.05 lakh crore. Shares of all major public sector defence companies, including BEL, BEML, Hindustan Aeronautics, and Mazagaon Dock Shipbuilder, rose by up to 4.5 per cent during intraday trading. Mazagaon Dock Shipbuilders shares were up 1.46 per cent at Rs 3, 337.80 on NSE. The shipbuilding company's shares opened at Rs 3, 320.0 and rose to hit an intra-day high of Rs 3, 369.0 during the trading hours. Bharat Electronics shares started t ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
New Delhi, Minister of State for Defence Sanjay Seth visited DRDO's Dr J Abdul Kalam Missile Complex in Hyderabad and reviewed the missiles and weapon systems programme being pursued by its various laboratories, officials on Friday said. He visited the complex on July 16 and 17, the Defence Ministry said. Seth commended the DRDO scientists for playing a crucial role in building Aatmanirbhar Bharat through realisation of state-of-the-art weapon systems. He exhorted the scientific community to c ...Read More >
New Delhi [India], June 8 (ANI): Amid the ongoing Operation Sindoor against Pakistan, the Defence Ministry is going to take up Rs 10,000 crore proposal to buy three sophisticated spy planes to help Indian Air Force get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other mobile objects. The Rs 10,000 crore project for the Intelligence, Surveillance, Target Acquisition and Reconnaissance (I-STAR) is expected to be taken up for clearance at a high-level defence ministry meeting scheduled to be held in the four ...Read More >
New Delhi [India], July 3 (ANI): The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh, on Thursday, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to approx. Rs 1.05 lakh crore through indigenous sourcing. "The Defence Acquisition Council (DAC) chaired by Raksha Mantri Shri @rajnathsingh today accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to approx. Rs 1.05 lakh crore through indigenous sourcing," the Defence Minister posted on X. Also Read | Indore Shocker: Man Accused o ...Read More >
New Delhi, Jul 15 (PTI) A DRDO laboratory and AIIMS-Bibinagar in Telangana have indigenously developed a first-of-its-kind advanced carbon fibre foot prosthesis that can bear loads up to 125 kg, officials said on Tuesday. According to the Defence Ministry, the foot is designed to offer a high-quality and affordable solution accessible to a larger population in need, while delivering performance on par with available international models. The prosthesis has been designed and developed by the DRDO's Defence Research & Development Laboratory (DRDL) and AIIMS-Bibinagar. It was launched by DRDL Di ...Read More >
These expeditions were not just feats of physical endurance but symbolic milestones representing the spirit of adventure, inclusivity, and national pride. In a grand ceremony held at South Block, New Delhi on July 17, 2025, Defence Secretary Shri Rajesh Kumar Singh formally flagged-in two extraordinary mountaineering expeditions to Mount Everest and Mount Kilimanjaro, marking a momentous celebration of courage, inclusion, and India's mountaineering excellence. These expeditions were not just fe ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
Kolkata (West Bengal) [India], September 15 (ANI): Prime Minister Narendra Modi inaugurated the 16th Combined Commanders' Conference in Kolkata on Monday and lauded the Armed Forces for the success of Operation Sindoor as well as the integral role played by them in nation-building. In line with 2025 being the 'year of reforms' in defence, the Prime Minister instructed the Defence Ministry to swiftly implement concrete steps to achieve greater Jointness, Atmanirbharta and Innovation to meet future challenges and to prevail against any eventuality. Held once in two years, Combined Commanders' ...Read More >
NEW DELHI, 25 Sep: Arunachal Pradesh Governor KT Parnaik praised the Indian armed forces as one of the finest professional forces in the world. Delivering the keynote address on 'Emerging technologies, transforming geopolitics and new tactics for future warfare' at the inaugural session of the 3rd edition of the Bharat Defence Conclave held here on Thursday, the governor highlighted the Indian armed forces' unmatched experience in combating terrorism, insurgencies, and radicalization, while also serving as first responders during natural or manmade disasters and contributing significantly to ...Read More >
Shares of Hindustan Aeronautics Limited (HAL) on Friday, September 25, surged as much as 2.2% to an intraday high of Rs 4,827.95 on the BSE after the Ministry of Defence (MoD) signed a significant contract, worth Rs 62,370 crore, with the state-run aerospace company. According to a previous ET report, the MoD has signed a Rs 62,370 crore contract with HAL for the procurement of 97 Tejas Mk-1A fighter jets under the Buy (India-IDDM) category. The contract includes 68 fighter variants and 29 twin ...Read More >
Kolkata, September 15: Prime Minister Narendra Modi on Monday reviewed the security situation and the operational preparedness of the Armed Forces during the 16th Combined Commanders' Conference (CCC) in Kolkata. The Prime Minister was briefed on the operational readiness in the context of the new normal created by Operation Sindoor, and the future of warfare amidst the emerging technology and tactics. He also reviewed the reforms implemented in the last two years, and the plan for the next two years, a Defence Ministry release said. The Prime Minister complimented the Armed Forces for the su ...Read More >
Dibrugarh: In one of the largest anti-encroachment drives in recent years, the Lakhimpur district administration on Thursday demolished 218 illegal homes and cleared 288 bighas of encroached land across three Village Grazing Reserves (VGRs).The eviction drive, which was conducted under the supervision of district commissioner (DC) Pronab Jit Kakoty and senior superintendent of police (SSP) Gunendra Deka, saw a massive deployment of police and paramilitary forces, along with 12 excavators, at Phukanarhat, Debera Doloni and Christian VGR areas."The drive was conducted peacefully and no untoward ...Read More >
Visakhapatnam (Andhra Pradesh) [India], July 4 (ANI): Sub Lieutenant Astha Poonia officially became the first woman to be streamed into the fighter stream of Naval Aviation. Paving the way for a new era of women fighter pilots in the force, and shattering barriers, Poonia also received the prestigious 'Wings of Gold' from Rear Admiral Janak Bevli, Assistant Chief of the Naval Staff (Air). According to the Ministry of Defence, the Indian Navy celebrated the graduation of the Second Basic Hawk Conversion Course at the Naval Air Station, INS Dega, in Visakhapatnam. Lieutenant Atul Kumar Dhull ...Read More >
New Delhi, July 7 (UNI) Defence Minister Rajnath Singh, while highlighting the success of Operation Sindoor, said that the valour shown by the armed forces and the proven effectiveness of indigenous equipment have significantly boosted global demand for Indian-made defence products. "The world is looking at our defence sector with new respect. A single delay or error in financial processes can directly affect operational preparedness," Rajnath Singh said during the Controllers' Conference of the Defence Accounts Department (DAD) here today, a Defence Ministry statement said. He also called o ...Read More >