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.
KOLKATA: Trial runs for Kolkata's first metro connectivity to the airport will start in Dec, and the 7km link between Noapara and Jai Hind (airport) stations will be commissioned in March 2025, Metro Railway announced on Wednesday. The Noapara-Airport is the Phase I of Yellow Line, which will eventually link Barasat with Kolkata. TOI on Oct 23 reported that the city's airport metro dream may come true in March. Metro Railway general manager P Uday Kumar Reddy conducted a meeting inside the airport metro premises on Tuesday and told officials that the airport connectivity will start in Mar 2025. Officials assured him that they were ready for Dec 2024 trial runs along the 4km Dum Dum Cantonment and Jai Hind section. The 3km Noapara-Dum Dum Cantonment underwent test runs last year and has the mandatory nod for commercial operations from the Commission of Railway Safety (CRS). However, Metro Railway has extended Phase I by another 4 km - to the airport. "Officials apprised the GM of the latest status of the Yellow Line's civil, electrical and signal and telecommunications work," a Metro spokesperson said, adding: "Devinder Kumar, chief engineer (construction) of Metro Railway, has informed the GM that around 250 fire doors would be installed ahead of the trials." The construction of staircases, flooring of platforms 2 and 3 and other features at Jai Hind station is over. Installation of the travelator will start soon, an official said. The GM has instructed that the firefighting system should be in place so that fire safety approvals could be sought from the state fire services department. Once the airport is incorporated in the metro map, commuters will be able to zip through three Metro lines to the airport via the Noapara interchange. The Blue (New Garia-Dakshineswar) Line with its Esplanade interchange with the East-West Metro or Green Line's Howrah Maidan-Esplanade section will allow people from southern and northern fringes to travel to the airport. Residents of EM Bypass may also reach the airport through the Orange (Ruby-New Garia on EM Bypass). They may go up to New Garia, on to Noapara, and finally to the airport. Those flying down to Kolkata can reach various points of the city and the suburbs by metro instead of running after cabs.
Kolkata: Trial runs for Kolkata's first airport-metro link may begin on Monday, Dec 16, sources said. Metro Railway, which is implementing the city's Yellow line, including the first 7 km phase between Noapara and Jai Hind (airport) stations, is chasing a March 2025 deadline to commission the stretch. Before the official trials start on Monday, some pre-trial runs may be conducted on Saturday to ensure that the formal launch of the train run on Monday is glitch-free. "We might take the rake from ...Read More >
Mumbai: Eleven years after its launch, Mumbai's first metro corridor (Versova-Andheri-Ghatkopar) could soon see longer trains, which would bring much-needed relief to hundreds of thousands of commuters who frequently experience excess crowding on the route during peak hours. On a day when overcrowding was reported at the Ghatkopar and Andheri metro stations due to a technical failure in one of the trains, Mumbai Metro One Private Limited (MMOPL) said it plans to procure additional coaches. The length of its trains could increase from four cars to six cars if the proposal is approved, official ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Mumbai: Responding to growing ridership and rush-hour demand, Maha Mumbai Metro Operation Corporation Ltd (MMMOCL) has increased services on Metro Lines 2A and 7 by adding 21 new trips, taking the total daily count to 305.The move follows a record ridership of 3.01 lakh on July 8. To support the enhanced frequency, the corporation has inducted three additional rakes, raising the total from 21 to 24.With the revised schedule, peak hour headway has been reduced to 5 minutes 50 seconds, offering smoother connectivity for commuters between the western suburbs and the Andheri interchange. Non-peak ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...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 >
Bengaluru News: A video has gone viral on the social media platforms in which the commuters can be seen jumping over the token entry gate at one of Bengaluru's metro stations. The video was reportedly recorded on June 4, the same day 11 people died and several got injured due to a stampede outside the Chinnaswamy stadium during victory celebrations of the IPL team Royal Challengers Bengaluru (RCB). The Bengaluru Metro Rail Corporation Limited (BMRCL) stated that the video was recorded at the Majestic interchange metro station. ...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 >
New Delhi, Jun 29 (PTI) The Congress on Sunday attacked the Centre and Rajasthan governments over the reported plan to redraw the boundaries of the Sariska Tiger Reserve for the reactivation of over 50 mining operations, saying the move would be "ecologically devastating". The opposition party also said that with the Rajasthan and Union environment ministers both being from Alwar, this "double engine" cannot be supporting such a move. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that a plan to redraw the boundaries of Rajasthan's ...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 >
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 >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
Mumbai: A fire broke out at a shop inside the bustling Churchgate railway station in south Mumbai on Thursday evening, causing panic among commuters during peak hours. The incident was reported around 5:25 pm by the Western Railway. Fortunately, no injuries were reported, officials confirmed. The Mumbai Fire Brigade swiftly deployed firefighting teams and equipment to the scene, while police and civic personnel assisted in managing the situation. The fire was brought under control within minutes, according to a civic official. Although the flames were quickly doused, thick smoke filled the ...Read More >
Bhopal (Madhya Pradesh): A massive fire broke out at a paper roll manufacturing unit, Shri Ji Packaging Berol Laboratory, located in a industrial area near Ashoka Garden area of the capital city, around 7 PM on Sunday evening. Thick plumes of smoke were visible from over a kilometer away, triggering panic among nearby residents. According to Ashoka Garden Police, the administration has taken swift action to bring the blaze under control. A total of 15 to 20 police and fire brigade vehicles arrived at the scene, and efforts to extinguish the fire are ongoing. As of now, the fire has not been ...Read More >
MUMBAI/NEW DELHI: Following public backlash over a video showing Air India SATS executives partying in their Gurugram office shortly after the June 12 Air India flight 171 crash, Tata Group has taken disciplinary action against several people.Four senior officials were suspended from Air India SATS, while multiple others were issued a warning, the company said on Friday.The video, which garnered over 3.8 million views on X, captured several executives dancing with loud music playing during a cele ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Gurgaon: Barely a month old, the Dwarka Expressway tunnel has made travel to and from NH-8 a seamless ride.Still, the tunnel - 3.6km of the main section and spurs to IGI Airport and Gurgaon - is a digital dead zone for thousands of daily commuters. There's no signal. No calls. And No GPS, seconds after one drives into the tunnel. "It's a smooth ride, but the moment you enter, your phone goes dead. Many of us attend office calls during our commute or make calls home. But there is just no mobile signal. In this day and age, a new tunnel without mobile connectivity feels like a basic oversight," ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
NEW DELHI - A preliminary report into the Air India crash that killed 260 people in June showed the plane's engines fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. Here is the sequence of events - by the seconds - on June 12, as detailed by Indian investigators in their preliminary report released on July 12. 05:47 GMT (1.47pm Singapore time) - Air India Dreamliner VT-ANB landed in Ahmedabad from New Delhi as AI423. 07:48:38 GMT - The aircraft was observed departing from Bay 34 at the airport. 07:55:15 GMT - The aircraft requested taxi ...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, June 28 (SocialNews.XYZ) Air India SATS (AISATS) has sacked four senior officials after a video of an office party in Gurugram went viral, triggering widespread shock and outrage over the callous attitude of the staffers as the nation mourns the death of 270 people in the tragic Ahmedabad plane crash. The video, which featured AISATS Chief Operating Officer Abraham Zachariah and other officials dancing to blaring music, was widely condemned on social media. AISATS is a company that provides airport ground services. It is a joint venture, owned equally (50-50) by two companies -- A ...Read More >
Sangareddy (Telangana), Jun 30 (PTI) Eight people were killed and 26 others injured in an explosion triggered by a suspected chemical reaction in a pharma plant in this district on Monday, officials said. The explosion took place at a reactor in the plant of Sigachi pharma company in the Pashamylaram industrial estate due to the suspected chemical reaction where fire also broke out. Prime Minister Narendra Modi condoled the deaths. Inspector General of Police (Multizone) V Satyanarayana said: "Six bodies have been recovered from the accident site and two people died while undergoing treatme ...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 >
Indore, July 11 (SocialNews.XYZ) Madhya Pradesh Chief Minister Mohan Yadav inaugurated an exhibition themed "Building Cities of Tomorrow" at the Brilliant Convention Centre in Indore, as part of the 'Madhya Pradesh Growth Conclave' organised on Friday, government officials said. The exhibition showcased various urban development projects being implemented across the state, highlighting robust infrastructure, innovations, investment promotion policies, and developmental schemes, officials added. It featured the Indore Development Authority's infrastructure models, including the multi-purpose ...Read More >
Mumbai: The light to moderate rains that hit the city on Monday night intensified on Tuesday morning, leading to Nowcast alerts by the Indian Meteorological Department (IMD) and ultimately placing the city under Orange Alert for heavy to very heavy rainfall until Wednesday, 8.30 am. Although the rains stopped later in the city, the heavy downpour in the morning resulted in waterlogging in several low-lying areas and commuters stranded. Notably, there was no weather warning issued for Tuesday by the IMD and the sudden intense rain spells took Mumbaikars by surprise. The suburbs received more i ...Read More >
Pune was thrown into chaos as cab and auto drivers using app-based services went on strike. Passengers encountered not only increased fares but also instances of violence, making their travel experience perilous. Arguments with passengers and overcharging marred the indefinite strike called by aggregator app-based cab and auto drivers from Friday in the city. Among the worst affected were flyers arriving at the airport and struggling to find further travel options. A woman on her way to a doctor ...Read More >
India's next space hero is here. It's Shubhanshu Shukla.In a historic leap for India's space exploration, Group Captain Shubhanshu Shukla is set to become the first Indian astronaut to travel to the International Space Station (ISS). Scheduled for launch on June 10, aboard SpaceX's Falcon 9 rocket as part of Axiom Mission 4 (Ax-4), Shukla's journey will make history as he becomes the first Indian astronaut to travel to the ISS.Axiom Mission 4 (Ax-4) is a pioneering private spaceflight mission that will not only send India's first private astronaut to space but also mark the return to human spa ...Read More >
Noida, Jun 27 (PTI) A massive fire broke out at a chemical factory in Noida's Sector 2 on Friday morning, a fire department official said. Thick smoke and flames coming out of the factory were visible from a distance. Gautam Buddha Nagar's Chief Fire Officer Pradeep Kumar Chaubey said information regarding the fire was received at 5:30 am. Seeing the intensity of the blaze, fire tenders Ghaziabad, Hapur and Meerut were roped in along with private firefighting teams, he said. No injury or casualty has been reported in the incident and the blaze has been doused, the CFO said. "The fire was ...Read More >