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.
Kochi: The Directorate General of Shipping and experts appointed by the Mediterranean Shipping Company (MSC) have begun the preliminary inspection and mapping of the Liberia-flagged container vessel MSC ELSA 3, which sank off the Kerala coast on May 25. Alongside efforts to recover oil leaking from the vessel, authorities are also prioritising the recovery of containers carrying hazardous chemicals. The preliminary inspection aims to gather detailed information to facilitate these operations. Once the mapping is complete, oil recovery operations are scheduled to start on June 13, with authorities aiming to finish by July 3. Following this, efforts will focus on raising the containers and, if possible, the ship itself. This first stage involves a thorough analysis of the sunken ship and containers, including the sea depth at the accident site, characteristics of the area, potential congestion if located in a shipping lane, the condition of the ship post-accident, the contents of the containers, and the environmental features of the region. The incident took place while the vessel was en route to Kochi Port from Vizhinjam. It was carrying 84.44 metric tonnes of diesel and 367.1 metric tonnes of furnace oil. The ship had 640 containers on board, including 13 with hazardous cargo and 12 containing calcium carbide.
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no ...Read More >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local SP office. District Magistrate Anuj Singh said the property is needed for housing officers and other ...Read More >
New Delhi: India on Thursday played down the threat of the US imposing sanctions on countries buying Russian oil, saying it is confident of meeting its needs from alternative sources. Oil Minister Hardeep Singh Puri said the world's third largest oil importer should be able to deal with any problems with Russian imports by seeking supplies from other countries. India imports more than 85 per cent of its requirement of crude oil, which is turned into fuels like petrol and diesel in refineries. Traditionally, the Middle East was the main source, but Russia has been the mainstay supplier for nea ...Read More >
PM Modi said that in six states in eastern India, gas pipelines are being laid. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Prime Minister Modi launched development projects worth Rs 5,400 crore in West Bengal * Laid foundation for BPCL's Rs 1,950-crore City Gas Distribution project in Bankura and Purulia * Dedicated Rs 1,190-crore Durgapur-Kolkata natural gas pipeline under Pradhan Mantri Urja Ganga Did our AI summary help? Let us know. Durgapur: Prime Minister Narendra ...Read More >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...Read More >
New Delhi [India], June 30 (ANI): In a swift and decisive operation, the Indian Navy's stealth frigate INS Tabar responded to a distress call from the Panamanian-flagged tanker MT Yi Cheng 6 in the Gulf of Oman on June 29. The vessel, carrying 14 Indian crew members and transiting from Kandla, India, to Shinas, Oman, reported a major fire in its engine room, resulting in a complete power failure. Also Read | Waqf Act Controversy: RJD Leader Tejashwi Yadav Call for 'Throwing Waqf Act in Dustbin' Sparks Political Storm, Parties Trade Barbs. In a post on X, the Indian Navy spokesperson said, " ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
New Delhi, Jul 17 (PTI) India on Thursday played down the threat of the US imposing sanctions on countries buying Russian oil, saying it is confident of meeting its needs from alternative sources. Oil Minister Hardeep Singh Puri said the world's third largest oil importer should be able to deal with any problems with Russian imports by seeking supplies from other countries. India imports more than 85 per cent of its requirement of crude oil, which is turned into fuels like petrol and diesel in refineries. Traditionally, the Middle East was the main source, but Russia has been the mainstay s ...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 >
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cle ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
CHENNAI: In Chennai, the price of petrol and diesel remains largely unchanged. Accordingly, one litre of petrol costs Rs 100.80 and a litre of diesel costs Rs 92.39 in the city on Thursday. Oil companies use the current crude oil price on the global market and the value of the Indian rupee as compared to the US dollar as primary variables to determine the pricing of petrol and diesel on a day to day basis. The government on April 7 hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order. The excise duty on petrol was increased to Rs 13 per litre and th ...Read More >
A goods train transporting high-speed diesel ignited near Tiruvallur on Sunday morning, prompting a swift response from fire tenders. While no casualties were reported, the incident led to the suspension of local train services and the cancellation of eight express trains. A goods train carrying high-speed diesel caught fire on Sunday morning near Tiruvallur, a Railway official said. The fire broke out in a wagon and quickly spread to others. No casualties have been reported, the official said ...Read More >
NEW DELHI: Nayara Energy's refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow's war machine."For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," agencies quoted EU foreign policy chief Kaja Kallas as saying.India responded by saying it "does not subscribe to any unilateral sanction measures. "We are a responsible actor and remain fully committed to our legal obligations. Government of India ...Read More >
Mangaluru (Karnataka), Jul 19 (PTI) MRPL, a subsidiary of ONGC and a Schedule "A" Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY 2025-26, compared to a profit of Rs 66 crore during the same period last year. According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company's Board of Directors approved the Q1 financial results at its 270th meeting held on July 18. The results reflect a decline in revenue from operations, which stood at Rs 20,988 crore in Q1 FY26, down from Rs 27,289 crore in Q1 FY25. ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Dozens of two-wheelers skidded on a Hyderabad road after an oil tanker leaking fuel passed from the area. The incident which occurred on Hyderabad's Kushaiguda-Nagaram road left several bikers injured. In a video, which went viral after the accident, men and women were seen sprawled on the road along with their fallen two-wheelers. While some of them are still on the road, others can be seen attempting to pick up their vehicles. "A road stretch between ECIL & Keesara has turned slick due to a diesel spill. Motorists are urged to drive carefully and consider alternate routes to avoid accident ...Read More >
BHUBANESWAR: With the Odisha Drivers' Mahasangha's strike continuing for the third consecutive day on Thursday, bus passengers across the state faced severe problems in commuting. With the government and the association yet to arrive at a resolution, people could be seen stranded at bus stands in several major cities of the state. Though OSRTC buses were operational, they were few and far between and unable to handle the huge rush of passengers. Many people complained that since the frequency of private bus trips was much more than OSRTC, they were finding it difficult to travel in governmen ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In his address at the plenary session of the All India Petroleum Dealers Association (AIPDA) conclave, the minister said that the Government has ensured affordable and uninterrupted energy supply to citizens, even during times of global uncertainty. Highlighting India's achievements in the biofuels ...Read More >
Kolkata: The Kolkata Traffic Police is facing a new challenge in managing vehicle parking for the upcoming Shahid Diwas rally on Monday, as persistent rainfall threatens to render designated parking fields unusable. The fresh spell of rain on Friday, with more occasional rain predicted even on Saturday, has left cops worried as they believe the Maidan area can be filled with slush.The traffic department, which initially planned to utilise various fields across the city for parking buses and cars of parade attendees, is now frantically searching for alternative solutions on the main roads, stre ...Read More >
Durgapur (West Bengal) [India], July 19 (ANI): Union Petroleum and Natural Gas Minister Hardeep Singh Puri said that over 10.33 crore women have been provided with free connections of Liquefied petroleum gas (LPG) under the Pradhan Mantri Ujjwala Yojana (PMUY). He stated that there were 14 crore LPG connections in 2014, and the number of connections has increased to 33 crore as of 2025. LPG Connection: Year 2014 - 14 crore and Year 2025 - 33 crore, Puri said while addressing the gathering here, adding, Under the guidance of PM Narendra Modi, the past 11 years have brought an LPG revolution t ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
Bhubaneswar: With the indefinite 'Quit Steering Wheel' protest by commercial drivers entering its third day, Odisha faces an escalating fuel crisis, prompting police to intervene. Fuel tankers in several parts of the state are now being escorted by police to ensure uninterrupted supply of petrol and diesel. Visuals from Soro in Balasore district showed police accompanying tankers along National Highway-16 near Chaparpada after incidents where agitators allegedly tried to block tankers and persuade drivers to join the strike. In some cases, protesters reportedly resorted to heated arguments, e ...Read More >
Union Heavy Industries & Steel Minister H.D. Kumaraswamy on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Government of India is extending direct support for electric trucks, aiming to accelerate the country's transition to clean, efficient, and sustainable freight mobility. Advertisement Highlighting the significance of the scheme, Mr Kumaraswamy stated, "Diesel trucks, though constituting only 3% of the total vehicle population, contribute to 42% of transport-related gre ...Read More >
Amaravati: Andhra Pradesh IT and Human Resources Development Minister Nara Lokesh on Friday hailed the successful implementation of the state-wide 'Mega Parent-Teacher Meeting (PTM) 2.0' programme. Expressing gratitude to all stakeholders, he credited the collective efforts of government and private schools, colleges, education officials, staff, headmasters, teachers, students, parents, donors, alumni, public representatives, and officers from various departments for making the event a success. ...Read More >
Amid rising complaints over the Maharashtra State Road Transport Corporation's (MSRTC) parcel service, the state transport body has announced that bus drivers and conductors will now be held directly responsible for any delays, damages, or loss of parcels during transit. This decision follows a surge in grievances from citizens reporting that parcels sent via MSRTC often arrive late, damaged, or not at all. According to the MSRTC Pune division, the directive was issued by the general manager of ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...Read More >
New Delhi: Delhi govt has geared up to enforce the ban on refuelling end-of-life vehicles, with plans to station enforcement teams from transport, traffic, and MCD to impound such vehicles.A senior official said that teams would be deployed at fuel stations to monitor the implementation and take action against such vehicles. The teams would be from MCD, the transport department enforcement wing, and traffic.The Standard Operating Procedures (SOP) issued to the pump owners says that there will be "immediate legal action by enforcement teams" when end-of-life vehicles are "identified". This woul ...Read More >