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.
MANILA (Reuters) - Philippine law officials on Tuesday summoned vice president Sara Duterte for questioning over her weekend statements that she had contracted someone to assassinate President Ferdinand Marcos Jr. if she were to be killed. Duterte accused the administration of twisting her words to create a false narrative that Marcos' life was under active threat, saying in a statement on Tuesday that her remarks were a "conditional act of revenge." The summons from the National Bureau of Investigation (NBI) requires Duterte to appear at its offices on Nov. 29. According to the summons, a copy of which was seen by Reuters, Duterte will be questioned over the alleged offence of making a grave threat and possible violations of the anti-terrorism law. In an online press conference on Saturday, Duterte said she had spoken with an assassin and instructed him to kill Marcos, his wife and his cousin, the speaker of the Philippine House, if she were to be killed. Duterte's office said she was not in when the summons was served and had not read the order. On Monday, Duterte said she would comply if summoned by investigators. The estranged vice president's stunning remarks were the latest salvo in a bitter row that has intensified since the collapse of a formidable alliance between their powerful families in which Marcos won the 2022 election by a huge margin, with Duterte running alongside him. Both Marcos and Duterte are children of former presidents. Marcos said in a national address on Monday that he would fight "reckless and troubling threats" against him and would not allow such criminal attempts to pass, without naming Duterte. Unlike the president, the vice president does not enjoy immunity from prosecution, according to the justice ministry. In her statement, Duterte said her remarks did not amount to a threat on Marcos' life. "I raise this caution as the President and his sycophants aggressively sell a narrative based entirely on my statement, which is taken out of its logical context," Duterte said. "Common sense should be enough for us to understand and accept that a supposed conditional act of revenge does not constitute to an active threat," she said. Duterte's attack on Marcos came just weeks after her father, former president Rodrigo Duterte, was the subject of marathon parliamentary inquiries into thousands of killings during the notorious "war on drugs" that defined his 2016-2022 presidency. Congress is separately probing the younger Duterte over alleged misuse of public funds.
The Rashtrapati Bhavan will not hold the change of guard ceremony on August 2, 9, and 16. This is because the Ceremonial Battalion will rehearse for upcoming events. These events include a guard of honour for the visiting President of the Philippines, Ferdinand R Marcos Jr. He will visit India from August 4 to 8. There will be no change of guard ceremony on August 2, 9 and 16 at the Rashtrapati Bhavan, an official statement said on Thursday. The change of guard ceremony is a military tradition ...Read More >
Leader of the House in Rajya Sabha and Union minister JP Nadda on Thursday said that the Chair should not be questioned or criticised about admissibility, calling it contempt of the House and Chairman. He also condemned Mallikarjun Kharge for criticising the Chair in a press conference the day before, calling it wrong. "The Chair cannot be questioned with regard to admissibility or for any other purposes. The Chairman's ruling cannot be questioned or criticised; to do so is contempt of the Hous ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi/Guwahati, Jun 28 (PTI) Vice President Jagdeep Dhankhar on Saturday said the words inserted in the Preamble of the Constitution through an amendment during the Emergency era were a 'festering wound", lending weight to the call by a top RSS leader for a review of the added terms 'secular' and 'socialist'. Wading into the political row sparked by RSS general secretary Dattatreya Hosabale's call for a national debate on whether the terms 'secular' and 'socialist' to define India's foundational values should remain in the Preamble, Dhankhar said the Preamble is sacrosanct and "not change ...Read More >
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for producing Thai Kick Boxers, the district is also ready to shed its infamous identity that emerged du ...Read More >
NEW DELHI (Reuters) -India's iron ore imports are expected to rise this year, driven by increased demand from JSW Steel, the country's largest steelmaker by capacity, as falling global prices make overseas purchases more attractive, traders and analysts said. "We expect this year's iron ore imports to be around 8-10 million metric tons, largely by JSW Steel," said Dhruv Goel, chief executive of commodities consultancy BigMint. India's iron ore imports totalled around 6 million tons last year, with JSW Steel accounting for most of them, Goel said. A drop in global prices to below $90 per met ...Read More >
New Delhi [India], August 19 (ANI): Congress leader Rahul Gandhi on Tuesday extended his greetings to retired Supreme Court judge B Sudershan Reddy, who has been nominated as the joint opposition candidate for the upcoming Vice Presidential elections. I warmly congratulate B Sudershan Reddy Garu on being nominated as the joint opposition candidate for the Vice President of India. A distinguished jurist and champion of justice, he represents the spirit of our Constitution - safeguarding people rights, equality and our Democracy. We stand united in this ideological battle and wish him all the v ...Read More >
Congress chief Mallikarjun Kharge has reiterated that the Rashtriya Swayamsevak Sangh (RSS) should be banned in the country, stating that even Sardar Vallabhbhai Patel had banned the participation of government employees in RSS's activities. The ban was lifted by the BJP government in 2024; it must be reinstated, he demanded. "My personal opinion is that RSS should be banned," Kharge said at a press conference on Friday, comparing the RSS's ideology with "poison." The BJP has slammed the Congre ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
NEW DELHI (Reuters) - India's federal investigating agency has accused liquor giant Diageo and Sequoia Capital of making suspicious payments to a politician's firm to seek favourable government decisions, it said in a document Reuters reviewed on Friday. In the document, the Central Bureau of Investigation (CBI) says Diageo Scotland made a suspicious fund transfer to Indian politician Karti Chidambaram's firm after a 2005 ban on sale of its duty-free products hit sales of its Johnnie Walker whisky. In the case document on its website, the agency said an investigation showed a payment of $15, ...Read More >
MUMBAI, July 18(Reuters) - The Indian rupee and local equities have been increasingly moving in sync over the past month as muted portfolio flows alongside lingering uncertainty over U.S. tariffs continue to cloud investor sentiment. The rupee's 30-day correlation with the benchmark Nifty 50 index has tightened to 0.66, the highest level since mid-May, pointing to the currency's increased sensitivity to moves in local stocks. On the day, the Nifty 50 was down about 0.6%, while the rupee dipped to last quote at 86.2025 per U.S. dollar as of 10:50 a.m. IST, down 0.1%. Local equities diverged ...Read More >
Kochi: BJP's Kerala Vice President C. Krishnakumar, a prominent Hindutva figure from Palakkad district, is facing serious sexual assault allegations made by a relative. In her complaint to BJP Kerala President Rajeev Chandrasekhar, the survivor alleged that Krishnakumar assaulted her several years ago. The complainant stated that she had also approached the RSS state office in Elamakkara and submitted her grievance to senior leaders including Gopalankutty Master, V. Muraleedharan, M.T. Ramesh, and Subhash, who was then Organisation General Secretary. According to her, the leaders assured stri ...Read More >
KC Venugopal flagged what he termed a "chilling and heinous" death threat to Rahul Gandhi. New Delhi: Congress general secretary K C Venugopal on Sunday wrote to Home Minister Amit Shah over a former ABVP leader's controversial remarks targeting Rahul Gandhi during a televised debate, saying a failure to act against him swiftly will be judged as complicity and normalisation of violence against the Leader of Opposition in Lok Sabha. In the letter, Venugopal flagged what he termed a "chilling an ...Read More >
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region through the rail network. During his visit, PM Modi reviewed the Chenab bridge, world's highest ra ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President Do ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...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: India on Friday distanced itself from the White House's call to award the Nobel Peace Prize to US President Donald Trump, saying any such queries should be directed to Washington. This came after White House Press Secretary Karoline Leavitt claimed that Trump had brokered peace in multiple global conflicts, including between India and Pakistan."As far as the statements of the White House are concerned, please take your question to them," said ministry of external affairs spokesperson Randhir Jaiswal when asked about the Nobel suggestion.Leavitt had claimed that Trump had ended confl ...Read More >
NDIA bloc leaders, who submitted a notice of no-confidence motion against the Rajya Sabha Chairman Jagdeep Dhankhar on Wednesday, blamed the chair for not allowing them to speak in the Rajya Sabha. The leaders held a joint press conference labelling several charges against the chairman. "His behaviour (RS chairman) has damaged the dignity of the country. He has brought such a situation in the history of parliamentary democracy that we had to bring this notice for the resolution (of no confidence ...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 >
Imphal, June 7 (UNI) Three militants were nabbed in separate incidents during the last 24 hours in Manipur, police said on Saturday. Manipur Police arrested a militant from Moidangpok Awang Leikai from Khumbong Bazar under Imphal West District, they said. Security forces arrested a militant from the Elangkhanpokpi Mayai Leikai area under Kakching district. Security forces apprehended a militant from Wangoo Samushang in Bishnupur district and elected members from Kumbi area. In an operation, one M16 rifle, one bolt-action rifle, three pull-mechanism rifles, three improvised mortars, and fiv ...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 >
NEW DELHI: The multi-party parliamentary delegation led by Congress MP Shashi Tharoor on late Sunday concluded its high-level visit to the United States, wrapping up the final leg of a diplomatic mission aimed at building international consensus on India's counter-terrorism stance following the April 22 terror attack in Pahalgam, which left 26 people dead.Taking to X as he wrapped up the US visit, Tharoor wrote: "If you are born a hundred times, you will do it a hundred times. I will love my country with all my heart... A Watan. The whole world now knows the truth. We are lovers of non-violenc ...Read More >
Says Preamble is unchangeable and the soul of the Constitution Echoing the words of Rashtriya Swayam Sevak Sangh (RSS) General Secretary Dattatreya Hosabale, Vice-President Jagdeep Dhankhar on Saturday slammed the Congress for including the words 'socialist' 'secular' and 'integrity' in the Preamble to the Constitution during the Emergency calling it a 'travesty of justice' and 'sacrilege to the spirit of Sanatana'. Calling the added words nasoor (festering wound), he said that the alterations ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
Bengaluru, Aug 26 (PTI) Welcoming Deputy Shivakumar's apology for reciting RSS prayer song in the Legislative Assembly, Senior Congress leader B K Hariprasad on Tuesday said no one in the party should in any way "legitimise" the Sangh. The MLC had demanded an apology from Shivakumar, who is the Congress' state President. "Congress party was not built by me or D K Shivakumar, someone has given it to us to save it for the future, if we have strength, we will have to save it and give it to the future generation. No one is permanent, no one will live for 500 years," Hariprasad said in response t ...Read More >
New Delhi, Dec 12 (PTI) Rajya Sabha proceedings were adjourned for the day Thursday afternoon amid ruckus as the treasury and opposition benches trades charges over no-trust notice against Chairman Jagdeep Dhankhar, and the BJP's allegations of the Congress leadership's "connections" with billionaire investor George Soros. The House witnessed two adjournments in the day before that. The first was during the Zero Hour in the pre-lunch sitting when Chairman Dhankhar rejected six notices to adjourn the scheduled business of the day and take up matters mentioned in the notices. As several oppos ...Read More >
New Delhi: In a move that has sent shockwaves through the American political landscape, Elon Musk, the billionaire CEO of Tesla and SpaceX, has ignited a heated national debate by floating the idea of creating a new political party aimed at representing what he calls "the 80% in the middle." The proposal, made via a poll on X on Thursday, comes on the heels of a highly publicised feud with President Donald Trump, marking a dramatic escalation in tensions between the two former allies. Musk's post on X posed a simple yet provocative question: "Is it time to create a new political party in Ame ...Read More >
An Indian parliamentary delegation recently concluded a US visit. They met with US Vice President J D Vance and Deputy Secretary of State Christopher Landau. Discussions focused on India's firm resolve against terrorism originating from Pakistan. The delegation highlighted Operation Sindoor, launched after the Pahalgam attack. US officials reaffirmed support for India's counter-terrorism efforts and the strategic partnership.The all-party Parliamentary delegation wrapped up its visit to the US af ...Read More >