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.
CHENNAI: Top metros recorded a YoY decline in housing sales for the second consecutive quarter during the current calendar year. Housing sales dropped by 20% in Q2 CY2025 at 96,285 units against 1,20,335 units in the same quarter last year (April-June CY2024), a report by property consultant Anarock said. The dip was 28% in the previous quarter Q1 (Jan-March) CY2025 over Q1 CY2024. However, housing sales marginally rose by 3% QoQ (Q1 vs Q2) this year (CY2025). The report released on Thursday said, Mumbai Metropolitan Region (MMR) and Pune with the highest sales among the seven top metros in Q2 CY2025 at 31,275 units and 15,410 units, respectively, recorded dip in sales by 25% and 27% YoY. Chennai was the only metro that witnessed an YoY increase in sales by 11% at 5,660 units. In contrast, housing unit sales rose by 14% YoY between Q2 CY2024 and the corresponding period of CY2023. On a QoQ basis, sales in MMR and Pune were down by just 1% and 4%, respectively, while developers in Bengaluru, NCR and Hyderabad had a 1%, 14% and 9% growth in sales. Anuj Puri, chairman - Anarock Group, said, "The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years."Shekhar G Patel, president, Credai, said the slowdown in quarterly sales observed in some markets can be attributed to a combination of elevated input and land costs, inflationary pressures on household budgets, and a more measured pace of new project launches -- factors that have contributed to temporary caution among certain buyer segments"."However, this short-term trend should not be viewed as indicative of the sector's overall health. The RBI's recent decision to reduce the repo rate by 50 basis points is expected to positively influence buyer sentiment. With another rate cut anticipated later this year and the festive season approaching in Q3 and Q4, the housing sector is poised for a gradual but steady recovery in the second half of 2025," he told TOI.Pradyumna Krishnakumar, executive director, Brigade Group, said, the increase in housing sales in Bengaluru and Hyderabad during Q2 CY2025 can be attributed to the potential turnaround after a subdued Q1.
Mumbai (Maharashtra) [India], July 17: Thane, once seen as a supporting suburb, now headlines the Mumbai Metropolitan Region residential real estate revolution, riding on rapid infrastructure upgrades, surging buyer interest, and a hot housing market. A report by ANAROCK titled Thane: The Rising Star of MMR Real Estate highlights the city explosive housing price growth - a whopping 46 leap in average residential prices in just three years, from INR 13,550/sq. ft. in Q2 2022 to INR 19,800/sq. ft. in Q2 2025. Aayush Puri, Head - ANAROCK Channel Partners (ACP) & ANACITY, points out that price ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders at Sasaram in Rohtas district on Wednesday and reviewed preparations for Rahul Gandhi's visit to Bi ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
The trial runs of the Meerut Metro, part of the Regional Rapid Transit System (RRTS) project, have been completed and three-coach trains are being tested according to the timetable, officials of the NCR Transport Corporation (NCRTC) said. The 82km RRTS corridor linking Delhi, Ghaziabad, and Meerut with Namo Bharat trains is nearing completion and awaits formal inauguration. Meerut has a 23km RRTS network with 13 stations from Meerut (south) to Modipuram (depot). The Namo Bharat trains will halt ...Read More >
Mumbai: Mahindra Lifespaces Developers Limited (MLDL) has been selected as the preferred developer for a premium residential society redevelopment in Mulund West, Mumbai, with expected revenue of ₹1,250 crore. The project encompasses a 3.08-acre land plot with outstanding connectivity, situated 1.4 km from the forthcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. This site also provides convenient access to the Eastern Express Highway and Mulund-Airoli Bridge, advantageous for travelling to Navi Mumbai and various business areas. Mr.Vimalendra Singh, Chief Business O ...Read More >
Mumbai: To bring discipline to urban traffic and avoid unnecessary congestion on roads, the Urban Development Department must amend its policy to strengthen the parking system, said Maharashtra Transport Minister Pratap Sarnaik. He emphasized the importance of introducing an integrated parking system in metropolitan cities. Minister Sarnaik was speaking at a meeting of municipal commissioners from the Mumbai Metropolitan Region (MMR), held at Mantralaya. The meeting included officials such as Additional Secretary of the Transport Department Sanjay Sethi, Additional Secretary of the Urban Deve ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging Business Conclave. "It (plane crash) was an unfortunate incident. The AAIB has begun a full investig ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...Read More >
New Delhi, Jul 18 (PTI) Realty firm Godrej Properties Ltd has acquired a 48-acre land parcel in Bengaluru and will sell housing plots in this upcoming project. In a regulatory filing on Friday, Godrej Properties said it has acquired a 48-acre land parcel through outright purchase in Doddaballapur, North Bengaluru. "The development on this land will primarily comprise plotted units with a development potential of 1.1 million square feet," the company said. The company did not provide the land cost and also revenue potential of this new project. On July 16, Godrej Properties announced the ac ...Read More >
Mumbai, Oct 8 (PTI) Prime Minister Narendra Modi on Wednesday launched the 'Mumbai One' mobile app which enables commuters to book a single QR-based digital ticket usable across Metro, Monorail, buses and local trains in the city and surrounding regions. Described as India's first integrated common mobility app, it will do away with the need for multiple paper tickets or separate bookings, officials said. The app, developed for the entire Mumbai Metropolitan Region, will be available for downloading from 5 am on Thursday, they added. Commuters, however, will not be able to book 'season' or ...Read More >
Mumbai Metro Rail Corporation (MMRC) has introduced WhatsApp-based ticketing for its Aqua Line (Metro Line 3). Commuters can now generate QR tickets instantly by sending 'Hi' to a designated number or scanning station QR codes. This initiative aims to provide seamless, efficient, and sustainable travel, eliminating paper tickets and supporting multiple payment options. The Mumbai Metro Rail Corporation (MMRC) has launched Whatsapp-based ticketing for commuters of Metro Line 3, also known as Aqua ...Read More >
India's commercial real estate market experienced a significant upswing in Q3 CY25, with office leasing surpassing supply for the sixth consecutive quarter. Net leasing rose 31% year-on-year to 15.9 million sq. ft, while completions increased 44% YoY. Vacancy rates dipped to 14.2%, and rents saw an increase across major cities. India's commercial real estate market saw a major upswing in Q3 CY25, with office leasing continuing to exceed supply for the sixth straight quarter, a report said on Fri ...Read More >
ixigo has partnered with DMRC and ONDC to introduce Delhi Metro ticketing on the ixigo Trains app. Passengers can now purchase QR-based metro tickets with in-app payments, streamlining their travel experience. This collaboration aims to enhance convenience and promote digital ticket adoption, integrating metro services into ixigo's comprehensive travel platform. Online travel agency ixigo on Friday announced a partnership with the Delhi Metro Rail Corporation (DMRC) and Open Network for Digital ...Read More >
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Chandigarh [India], July 8 (ANI): Haryana Chief Minister Nayab Singh Saini on Monday shared information on various schemes started by his government and highlighted his government's achievements while addressing a state-level function to commemorate the birth anniversary of Baba Lakkhi Shah Vanjara in Chandigarh. CM Nayab Singh Saini said, "...Under the Mukhyamantri Shehri Awas Yojana, we have allocated a plot of 30 yards to those poor families residing in the city who do not have their own house, and we have allotted plots to 15,256 such families. I am happy that today the elderly do not nee ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
New Delhi [India], July 14 (ANI): Delhi experienced a fresh spell of rain on Monday, making the weather pleasant in the national capital. Areas including Chirag Delhi, Teen Murti Marg and Safdarjung Road witnessed showers; meanwhile, heavy waterlogging occurred at the Badarpur border between Delhi and Faridabad. Meanwhile, in Noida, massive traffic congestion was witnessed following rainfall in the region. As a fresh spell of rains occured in the national capital on Monday morning, the India Meteorological Department forecastt moderate to heavy rainfall in the entire Delhi and NCR on July 1 ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
Mumbai (Maharashtra) [India], August 18: In a landmark development for Mumbai's real estate sector, CREDAI-MCHI, the apex body representing real estate developers in the Mumbai Metropolitan Region (MMR), has announced the appointment of Mr. Sukhraj Nahar, Chairman of Nahar Group, as its 18th President for the 2025-2027 term in a grand Change of Guard ceremony held at Jio World Centre. The event was graced by the Hon'ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, along with distinguished past presidents, the new management committee and various members of the association. Also Read ...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: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
New Delhi: The last pending station on the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor at Sarai Kale Khan is all set to begin operations. Its inauguration is likely to be held on September 17. The new station will reduce the travel time between Sarai Kale Khan and Meerut to under one hour, with stops at each station, officials of the National Capital Region Transport Corporation (NCRTC) said on Saturday. Sources said the inauguration of the corridor is likely to be held on September 17, which is also Prime Minister Narendra Modi's birthday. However, there is no offici ...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 >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >
New Delhi, May 19 (PTI) Godrej Properties has bought 14 land parcels across major cities to build housing projects with revenue potential of about Rs 26,500 crore in the last fiscal year and will continue to acquire more land to grow its business, its Chairperson Pirojsha Godrej said. The company bought these land parcels, all outright, in Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad and Indore. In an interview with PTI, Pirojsha Godrej said, "Last financial year, we added about Rs 26,500 crore worth of new projects, as against the guidance of Rs 20,000 cr ...Read More >
New Delhi, July 9 (SocialNews.XYZ) Prime Minister Narendra Modi has emplaned for Namibia -- the final stop of his five-nation visit -- after wrapping up his State Visit to Brasilia where he met Brazil President Luiz Inacio Lula da Silva and also attended the 17th BRICS Summit in the Brazilian city of Rio de Janeiro. Taking to X, the PMO wrote: "PM @narendramodi has boarded for Namibia, the final destination of his tour" Also, External Affairs Ministry spokesperson Randir Jaiswal wrote on X: "PM @narendramodi concludes a productive visit to Brazil and emplanes for Namibia. A memorable visit t ...Read More >
Navi Mumbai/Pune: Stating that 94% of the work on the Navi Mumbai International Airport (NMIA) was over, CM Devendra Fadnavis on Saturday said the remaining work should proceed in such a way that the first passenger flight can start operations by end of Sept. He said airport authorities had been asked to increase the numerical strength of workers to meet this target. Along with the airport, the Mumbai-Pune Expressway 'missing link' project will help the state govt develop an economic corridor comprising Mumbai, Mumbai Metropolitan Region and Pune, he said.For the 'missing link' project too, th ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >