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.
New Delhi: The Railway's decision to limit the passenger waiting list to 25 per cent of the capacity of each class has been flagged by reservation supervisors, ticket booking clerks and some senior commercial officers as uneconomical for the railways and inconvenient for travellers. The ministry, however, has justified the decision, saying less than one-fourth of the total number of waiting passengers get confirmed berths on an average and the 25 per cent cap has been placed in view of that. "The decision was made after meticulously studying the waiting list confirmation pattern," said Dilip Kumar the Executive Director of Information and Publicity, Railway Board. He highlighted that earlier, there was an allegation that the Railways allowed a lot of passengers to book berths in the waiting category which led to crowding in trains. "It was also alleged that the Railways earned money on ticket cancellation." Refuting the charge, Kumar stressed the Railways was more concerned about passenger comfort than monetary benefits. The Centre for Railway Information Systems (CRIS) implemented the 25 per cent cap decision on June 16 for trains with reservation facilities. This come around two months after the ministry, through a circular, conveyed its decision on the matter to all principal chief commercial managers and the CRIS managing director. The April 17 circular stated, "The matter has been reviewed and it has been decided that the maximum current waiting list limit will be revised to 25 per cent of the redefined capacity of each class available at originating as well as roadside stations." It added, "This logic will also be applicable for issuing of waitlisted tickets from remote locations as well as tickets booked under Tatkal scheme. This waiting list limit shall, however, not be applicable to the tickets issued on concessional fares, warrants etc." The circular directed CRIS to "make necessary modifications in the software and inform the date of effect to all zonal Railways". Railway officials said such a cap was in place earlier as well but more and more people were allowed to reserve seats/berths in the waiting category. According to a 2013 circular, the waiting list cap on AC/EC and 2 AC classes was 30 and 100 respectively. Similarly, the first class, 3AC/Chair Car and sleeper class had 30, 300 and 400 waiting limits, respectively. Over a week after the implementation of new waiting norms, a section of experts as well as reservation officials termed the decision "impractical". "Waiting lists give a demand trend based on which we make decisions to run special trains. How will we do it now when the waiting lists of all trains will be capped at 25 per cent?" said a retired senior railway commercial officer who termed waiting lists valuable data to make future decisions.
The Election Commission introduces new rules for voter enrollment. Voters enrolled after 2003-04 must now provide proof of citizenship. This includes a self-attested declaration and supporting documents. The move aims to remove illegal immigrants from the electoral roll. Bihar will be the first state to implement the special intensive revision. Other states will follow soon.In a move to identify and remove illegal immigrants wrongly included in the electoral rolls, the Election Commission has man ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...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 >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
New Delhi, Jun 28 (PTI) Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major. Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market. Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. According to GFK numbers, Panasonic has a very low market share i ...Read More >
New Delhi, Jun 29 (PTI) The Railway Ministry has enhanced the limit on passengers' waiting list from 25 per cent to 60 per cent for all AC classes and 30 per cent for non-AC classes by a fresh order issued on Saturday. The order to cap the waiting list of passengers of all classes at 25 per cent was originally issued on April 17 to all zones as well as the Centre for Railway Information System (CRIS). Also Read | Bengaluru Horror: Woman's Body Found Stuffed in Sack, Dumped in Garbage Truck Near Channammanakere Skating Ground; Murder, Possible Sexual Assault Under Investigation. The CRIS ame ...Read More >
New Delhi (India) June 30 (ANI): In a move aimed at streamlining fare structures and enhancing the financial sustainability of passenger services, the Ministry of Railways has rationalised the basic fare of Passenger train services, effective from 01 July 2025. The revised fares are based on the updated Passenger Fare Table issued by the Indian Railway Conference Association (IRCA), the railways said in a release. As per the release, no change in Suburban single journey fares and Season Tickets (for both suburban and non-suburban routes). The fare hike varies across different classes and tra ...Read More >
Patna: The Election Commission (EC) said on Saturday that enumeration forms have been distributed among 93.57% of the electors so far.According to a press statement issued by the EC, as of 6pm on Saturday, 1,04,16,545 enumeration forms, which is 13.19% of the total 7,89,69,844 electors in Bihar enrolled till June 24, were received. "The percentage of the forms distributed has also gone up to 93.57%," the EC said, noting that a total of 7,38,89,333 forms had already been distributed.The special intensive review (SIR) is underway in full swing in the state, with booth level officers (BLOs), BLO ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get some very high-placed people to say not only that they respected and supported India's right of self- ...Read More >
New Delhi, July 1 (SocialNews.XYZ) The Centre on Tuesday launched 'RailOne', a super app designed to serve as a one-stop platform for all railway-related queries, passenger needs and services. The app, launched by Union Railways Minister Ashwini Vaishnaw in the national capital, aims to enhance convenience by integrating multiple services into a single interface. With a user-friendly interface, the RailOne is live and available to download on Google Play Store and iOS App Store. The new app integrates services such as unreserved and platform tickets with 3 per cent discount, live train track ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...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, July 19 (PTI) The Regional Medical Research Centre in Bhubaneswar, under the Indian Council of Medical Research (ICMR), has developed an advanced malaria vaccine that can prevent plasmodium falciparum infection in individuals and minimise community transmission. The ICMR Delhi has invited Expressions of Interest (EoI) from eligible organisations, companies and manufacturers enthusiastic about the Transfer of Technology for commercial production of "a recombinant chimeric multi-stage malaria vaccine (AdFalciVax) against plasmodium falciparum". ...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 >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Pune : Cummins India Limited ("Cummins"), one of the leading power solutions technology providers, today announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturin ...Read More >
Bengaluru : INOXGFL Group, one of the leading business Groups in India in the energy transition space, announced today that Inox Clean Energy Limited's renewable independent power producer (RE IPP) arm, Inox Neo Energies Private Limited, has completed the acquisition of Skypower Solar India Private Limited, which has a portfolio comprising 50 MW (AC) / 57.5 MW (DC) of solar power assets located in Madhya Pradesh. The transaction values the asset at an enterprise value of ~Rs 265 crores, translating into a trailing EV/EBITDA multiple of ~ 5.3x. The 50 MW (AC) / 57.5 MW (DC) solar project, comm ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique and dedicated legal framework specifically designed for Ladakh. The framework ensures maximum local re ...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 [India], August 28 (ANI): The Appointments Committee of the Cabinet (ACC) has extended the tenure of Satish Kumar as Chairman and Chief Executive Officer (CEO) of the Railway Board for a further period of one year, effective from September 1, 2025. An order dated August 27 from the Secretariat of the Appointments Committee of the Cabinet, reads, "The Appointments Committee of the Cabinet (ACC) has approved the extension in tenure of Satish Kumar, Indian Railway Management Service (IRMS) (Retd.) as Chairman & Chief Executive Officer (CEO), Railway Board for a further period of one yea ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
New Delhi, July 1: Railway Minister Ashwini Vaishnaw launched on Tuesday the RailOne mobile application, which can help passengers get easy access to multiple services such as ticket booking, train and PNR enquiry, journey planning, rail help services and meal booking. Vaishnaw inaugurated the app, available on both Android Play Store and iOS App Store platforms, at the 40th Foundation Day celebrations of the Centre for Railway Information Systems (CRIS). "RailOne App is a one-stop solution for all passenger needs. Through this app, passengers get easy access to the following services: Ticket ...Read More >
Mumbai: Vivek Kumar Gupta, an IRSE officer from the 1988 batch, has taken charge as General Manager, Western Railway. Before this appointment, he served as the Managing Director of NHSRCL, overseeing India's inaugural Bullet Train Project implementation.After taking charge, Gupta conducted an inspection at Churchgate and Marine Lines stations and a footplate inspection of the Churchgate - Marine Lines section on Sunday. He also interacted with passengers and staff. He took note of safety, train operations, passenger and staff amenities, and cleanliness, an official said.In his previous role, G ...Read More >
The percentage of non-AC coaches on Indian Railways is as high as 70 per cent. Image: ANI Indian Railways has significantly enhanced the travel facilities for the benefit of economically weaker passengers with the number of seats available for non-AC passengers increasing to 54 lakh, which constitutes 78 per cent of the total, while AC seats comprise the remaining 22 per cent, the Parliament was informed on Wednesday. Due to the higher availability of general coaches, the number of passengers t ...Read More >
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Bengaluru Crime: A woman's body, believed to be between 30 and 35 years old, was found stuffed inside a sack and dumped in a garbage truck in Bengaluru early Thursday. The identity of the woman is yet to be confirmed. Police said the sack was discovered by BBMP sanitation workers who immediately alerted the authorities. The body was found with her hands and neck tied, raising strong suspicion of murder. Officials stated that the body had been placed inside a gunny bag before being thrown into the garbage vehicle. Joint Commissioner of Police, C Vamsi Krishna, confirmed that the body has been ...Read More >
The Election Commission of India reports that nearly 87% of Bihar's 7.96 crore voters have received semi-filled enumeration forms for the Special Intensive Revision of electoral rolls. Distributed during the first BLO visit to 1.5 crore households, nearly 38 lakh forms have already been collected. The EC emphasizes 'Inclusion First,' with 1.Nearly 87 per cent of the 7.96 crore voters in Bihar have been provided with semi-filled enumeration forms for the ongoing Special Intensive Revision (SIR) of ...Read More >
Patna (Bihar) [India], July 7 (ANI): The Election Commission of India (ECI) has issued a video clip featuring actor Pankaj Tripathi to raise awareness about the Special Intensive Revision (SIR) of the electoral roll in Bihar ahead of the upcoming Assembly elections. In the video clip, Bollywood actor Tripathi can be seen saying, 'We can't stop people from thinking, but yes, we can definitely try to change your minds.' Sharing the video clip on Sunday, Press Information Bureau (PIB) Patna wrote on X, 'To vote, you need to fill out the form. Bihar Special Intensive Revision, 2025. Now, attach ...Read More >
Katra: Prime Minister Narendra Modi on Friday flagged off a Vande Bharat train service between Katra and Srinagar in Jammu and Kashmir, the first train connection between the Kashmir valley and the Jammu region. Modi inaugurated the train in the presence of Railway Minister Ashwini Vaishnaw, Jammu and Kashmir LG Manoj Sinha, and Chief Minister Omar Abdullah, among others. Earlier, the PM inaugurated the Chenab Railway Bridge, the world's tallest rail bridge, and Anji Khad Bridge, the country's first cable-stayed railway bridge The Srinagar-Katra journey, which currently takes nearly six hour ...Read More >
Srinagar, June 28: Lieutenant Governor Manoj Sinha today chaired a high-level meeting with members of civil society organisations, religious leaders, elected representatives, and representatives from the trade and business communities to review arrangements for the upcoming Shri Amarnath Ji Yatra. Among those present were Chief Minister Omar Abdullah; Chief Secretary Atal Dulloo; Special Director General (Coordination) S.J.M. Gillani; Principal Secretary to the Lieutenant Governor and CEO of Shri Amarnathji Shrine Board, Dr. Mandeep K. Bhandari; Divisional Commissioner Kashmir Vijay Bidhuri; ...Read More >