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.
Hyderabad: Prime Minister Narendra Modi on Friday said he would participate in the G7 Summit in Kananaskis later this month and thanked Canadian Prime Minister Mark Carney for inviting him. Taking to his X handle, PM Modi wrote India and Canada will work together with renewed vigour, guided by mutual respect and shared interests. "Glad to receive a call from Prime Minister @MarkJCarney of Canada. Congratulated him on his recent election victory and thanked him for the invitation to the G7 Summit in Kananaskis later this month. As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by mutual respect and shared interests. Look forward to our meeting at the Summit," his post read. The Group of Seven, or G7, is a forum of the seven most industrialised and liberal democracies namely the United States, the United Kingdom, France, Germany, Italy, Japan and Canada. The G7 nations account for 50 percent of world's net wealth with a total population of around 780 million. What started as an economic forum in 1976, has now evolved into a platform discussing major global issues like climate change and energy security, AI and digital governance, global health and pandemic preparedness, food security and development aid, geopolitical tensions and economic resilience and supply chain security. As of 2025, G7 doesn't represent the entire world's economic might as there are emerging powers like China, India, Brazil, among others. This has led to arguments in favour of G20, which is more inclusive and relevant. However, G7 continues to shape the West's consensus on foreign policy, apart from driving sanctions, aid, and crisis-coordination. The G7 also influences global finance, trade rules, and multilateral institutions like the IMF and World Bank. It is also a diplomatic powerhouse.
Assam's 75th Constitution Day highlighted the importance of the Indian Constitution, with CM Himanta Biswa Sarma commemorating the contributions of freedom fighters and Dr. BR Ambedkar. The event, held in Guwahati, underscored the Constitution's reflection of India's cultural heritage and its role in ensuring equality, freedom, and justice for all citizens. Assam Chief Minister Himanta Biswa Sarma participated in the 75th Constitution Day celebrations in Guwahati, emphasizing the significance of the Indian Constitution. This annual observation, assigned by Prime Minister Narendra Modi in 2015 ...Read More >
New Delhi [India], December 12 (ANI): JD(U) MP Sanjay Kumar Jha on Thursday backed the proposed 'One Nation, One Election' bill, stating that party supremo Nitish Kumar has always supported simultaneous Lok Sabha and Vidhan Sabha elections. He added that the party had previously voiced its support for the bill and had approached the relevant committee. Jha remarked, "Our party welcomes this. We had approached this committee, and I was also part of the delegation. Nitish Kumar has always advocated for simultaneous elections to the Lok Sabha and Vidhan Sabha. We conveyed to the committee that ...Read More >
New Delhi [India], December 13 (ANI): Congress MP Gaurav Gogoi on Friday slammed the 'One Nation, One Election' being passed by the Union Cabinet, calling it an "attack on federalism." "The Congress party has already cleared its stand as One Nation One Election is an attack on federalism and there should be a discussion on the election process in the parliament," he said. The 'One Nation One Election' bill was approved by the Union Cabinet on Thursday paving the way for its introduction in Parliament. However, before its introduction in the Parliament, the bill initiated debate between the r ...Read More >
New Delhi: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
Constitution Day, known as Samvidhan Divas, is observed annually on November 26. This day commemorates the adoption of the Indian Constitution in 1949. Dr. B.R. Ambedkar, the chairman of the Drafting Committee, played a pivotal role in shaping this foundational document. The Constitution officially came into effect on January 26, 1950, marking a transformative chapter in India's history. Why Do We Celebrate Constitution Day? Constitution Day is celebrated to remind citizens of their rights and responsibilities as outlined in the Indian Constitution. It serves as an opportunity to appreciate ...Read More >
Noting that the evolution of Quad has been a "notable development," External Affairs Minister S. Jaishankar has said the Indo-Pacific is experiencing "significant changes" including new convergences and partnerships. "In an era of collaborative endeavours, the Indo-Pacific will require practical solutions, nimble diplomacy, greater adjustment and more open conversations. The G7 can be one such partner," Mr. Jaishankar said as he attended the G7 FMM Outreach Session with Indo-Pacific partners in the Italian city of Fiuggi on Tuesday. G7 ministers throw support behind Israel-Hezbollah ceasefir ...Read More >
New Delhi: The Union Cabinet has approved the 'One Nation, One Election' bill, to revive a concept that was once the norm in India's electoral history. The proposal aims to streamline elections across the country by holding simultaneous polls for the Lok Sabha and State Assemblies. The idea of holding simultaneous elections is not new to India. In the early years after independence, elections for the Lok Sabha and State Assemblies were held together in 1951-52, 1957, 1962, and 1967. However, this practice was disrupted when several State Assemblies were dissolved prematurely in 1968 and 1969. ...Read More >
New Delhi: The Union Cabinet cleared the bill for the 'One Nation, One Election' proposal on Thursday (December 12). This development comes as Prime Minister Narendra Modi and the NDA have been repeatedly advocating for this initiative asserting that it will "strengthen the democracy" by holding simultaneous elections in the country. "Elections are held at different places every few months and it hampers the developmental work and all of you know it. Therefore, it is must to have deep study and deliberation on 'One Nation, One Election'," the PM said. "Only one voters' list should be used f ...Read More >
New Delhi [India], December 12 (ANI): Congress MP Jairam Ramesh has demanded that the proposed 'One Nation, One Election' bill be sent to a Joint Parliamentary Committee, asserting that the bill undermines democracy. "The bill will be presented in Parliament, and we want it to be referred to the Joint Parliamentary Committee, which will hold discussions on it. The Indian National Congress's position was clarified last year by party president Mallikarjun Kharge, who sent a four-page letter to former President Ram Nath Kovind's committee on One Nation, One Election, stating that we oppose the b ...Read More >
Belagavi (Karnataka) [India], December 13 (ANI): Karnataka Legislative Council LoP Chalavadi Narayanaswamy on Friday expressed support for the 'One Nation, One Election' and questioned the opposition's protests against the proposal. Narayanaswamy said that 'One Nation, One Election' will ease the government's financial burden and reduce election costs, urging everyone to support the initiative. Also Read | Telangana Handcuffing Controversy: Tribal Farmer Taken To Sangareddy Hospital in Handcuffs by Police, CM Revanth Reddy Orders Inquiry (Watch Video). Speaking to ANI, Chalavadi Narayanaswa ...Read More >
NEW DELHI: The Congress on Sunday hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete silence. The Congress attack on the prime minister came a day after he attacked the party during the debate on the 'Glorious 75 year journey of India's Constitution'. "It was the famous French philoso ...Read More >
The Congress on Sunday (December 15, 2024) hit back at Prime Minister Narendra Modi, charging that defamation of Jawaharlal Nehru and minimum democratic governance was his model. Constitution is the basis of Indian unity, but Congress has wounded that spirit: PM Modi Congress general secretary Jairam Ramesh said Prime Minister Modi has an "obsession" with Nehru as he invokes him to distract the nation's attention from his own failures and current challenges on which he maintains a complete sile ...Read More >
New Delhi [India], January 13 (ANI): Union Minister Ashwini Vaishnaw criticised Meta CEO Mark Zuckerberg and called him "factually incorrect" over his remark that most incumbent governments, including India in 2024 elections, lost post-COVID. He added that the people of India have reaffirmed their trust in the NDA led by Prime Minister Narendra Modi. "As the world's largest democracy, India conducted the 2024 elections with over 640 million voters. People of India reaffirmed their trust in the ND led by PM @narendramodi Ji's leadership. Mr. Zuckerberg's claim that most incumbent governments, ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
Guwahati (Assam) [India], December 13 (ANI): AIUDF MLA and Party General Secretary Dr Rafiqul Islam responded to the Union Cabinet's approval of the 'One Nation, One Election' and labelled the bill "very difficult and almost impossible" to implement effectively, questioning its sustainability given the country's vast and diverse political landscape. The AIUDF MLA claimed that the BJP lacks the majority to pass the bill in Parliament and suggested it might be referred to a Joint Parliamentary Committee (JPC). Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Pol ...Read More >
New Delhi, December 15: The 'One Nation, One Election' Bill, officially known as the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, will not be tabled in the Lok Sabha on Monday. The Revised Business List of the Lower House for the day does not mention the Bill. The first list had scheduled the Bill for Monday. It mentioned, "... Arjun Ram Meghwal to move for leave to introduce a Bill further to amend the Constitution of India. Also to introduce the Bill." One Nation, One Election: Union Cabinet Approves Bills for Simultaneous Lok Sabha, State Assembly Elections, Say Source ...Read More >
New Delhi [India], January 31 (ANI): Official Spokesperson of the Ministry of External Affairs Randhir Jaiswal said on Friday that French President Emmanuel Macron has invited Prime Minister Narendra Modi to attend the Artificial Intelligence (AI) Action Summit, and India has accepted the invite. While speaking at a press briefing, Jaiswal said that India is also developing its own AI program. "French President has invited Prime Minister Narendra Modi for Artificial Intelligence Action Summit and we have accepted their invite. We will update you about further details," he said. On February ...Read More >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation. Building on much common ground in history, democratic ideals, socio-economic imperatives and aspi ...Read More >
Amit Shah congratulates Chandigarh for being the first to fully implement three landmark criminal laws, promising nationwide adoption within three years. These new laws aim to redefine justice, focusing on fairness rather than punishment, and replacing outdated colonial legislation with democratic principles. Union Home Minister Amit Shah on Tuesday lauded Chandigarh for becoming the first city in the nation to fully implement three groundbreaking criminal laws, signaling a shift in India's legal framework. The new legislation includes the Bharatiya Nyay Sanhita, Bharatiya Nagrik Suraksha San ...Read More >
The churning waters of the 21 Century maritime domain are no longer defined solely by steel-hulled might and firepower. Today, the true battleground lies in the unseen realms of algorithms, data streams and quantum states. The Indian Navy, a sentinel of the vast Indian Ocean Region (IOR), stands at the cusp of this technological revolution, leveraging artificial intelligence (AI) and quantum computing to secure its maritime sovereignty and amplify its geopolitical influence. India's journey into this brave new world is both a strategic necessity and an audacious leap. With China's growing nav ...Read More >
Dharwad: Joint director of agriculture Manjunath Antarvalli has called upon the farmers to grow millets and supply quality food items to the domestic market. Speaking after flagging off 'Walk for Millet' organised by the agriculture department in Dharwad on Thursday, he said the farmers growing millets should be encouraged in all possible ways. "Popularly known as superfoods, the millets which are little wonders have been the most sought-after food post-pandemic. High in nutritional values, the ...Read More >
Guwahati, Dec 12: The Union Cabinet on Thursday approved the "One Nation, One Election" bill, a landmark proposal aimed at synchronising elections across the country. Assam Chief Minister Himanta Biswa Sarma, currently on a visit to Odisha, hailed the move as a significant step toward "minimising disruptions" to developmental work caused by frequent election cycles. Speaking to the press during a visit to Jagannath Temple in Puri, Sarma asserted the rationale behind the initiative, stating, "Recently, we held Lok Sabha elections, and now legislative elections are around the corner in Assam. ...Read More >
Belagavi (Karnataka) [India], December 13 (ANI): Karnataka Legislative Council LoP Chalavadi Narayanaswamy on Friday expressed support for the 'One Nation, One Election' and questioned the opposition's protests against the proposal. Narayanaswamy said that 'One Nation, One Election' will ease the government's financial burden and reduce election costs, urging everyone to support the initiative. Speaking to ANI, Chalavadi Narayanaswamy said, "Why are they (opposition) protesting (One Nation One Election)? Indira Gandhi was also doing the same. One Nation One Election will not put a burden on ...Read More >
New Delhi: Congress MP and the Leader of Opposition (LoP) Rahul Gandhi on Monday made a rare praise for the 'Make In India' program, even commending the Prime Minister Narendra Modi for bringing in the 'good idea' but then went to disapprove it by calling it 'damp squib'. Speaking in the Lok Sabha during the Motion of Thanks on the President's address, Gandhi said 'Make in India' was conceptually good but the PM failed to deliver the results despite making a good effort. "Prime Minister proposed the Make In India program. I think it was a good idea, however the result is in front of you all, ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
New Delhi [India] January 22 (ANI): Congress MP Randeep Singh Surjewala on Wednesday urged Prime Minister Narendra Modi to take a stand in defending the rights of Indian immigrants in the United States. Surjewala also highlighted the contributions of over 20,000 Indian immigrants and expressed concerns over the government's silence on the deportation orders under President Donald Trump's administration. Sharing a detailed post on X Surjewala said, "Dear Prime Minister Modi ji, Pls spare a few moments to watch Bishop Mariann Edgar Budde speaking the truth to President of United States of Amer ...Read More >
A summary of world news briefs includes Hezbollah's media chief killed by Israeli airstrike, U.S. policy shift allowing Ukraine to use American weapons against Russia, Xi Jinping's final talks with Joe Biden, and other geopolitical developments including climate finance consensus at the G20 in Brazil. In a significant escalation of regional tensions, Lebanese Hezbollah's media relations head, Mohammad Afif, was killed in an Israeli strike in central Beirut. The attack targets a senior Hezbollah figure, signaling a rare focus on individuals without explicit military roles. The U.S. administra ...Read More >
Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >
PM Modi holds bilateral meetings with Indonesia and Portugal President Prabowo Subianto of Indonesia and Prime Minister Narendra Modi engaged in bilateral discussions during the G20 Leaders' Summit in Brazil. The Indian delegation, which included External Affairs Minister S Jaishankar, participated in discussions with their Indonesian counterparts. During their interaction, PM Modi emphasised the discussions centred on strengthening bilateral relations across various sectors, including trade, defence cooperation and additional areas of mutual interest. ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >