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.
Mumbai: Peak-hour travel turned into a nightmare for thousands of Metro 1 commuters on Monday as a technical snag forced Mumbai Metro One Pvt Ltd (MMOPL) to withdraw one rake from service, triggering delays and severe overcrowding. The effect of the reduced frequency in terms of crowds was felt at key stations, especially Ghatkopar.The rake was withdrawn while on its way to Ghatkopar from Azad Nagar Metro station around 8.30 am. The trip cancellation caused around 500 additional commuters to accumulate at Ghatkopar and this backlog continued for around 45 minutes.MMOPL said, "Apart from a short-term solution, Mumbai Metro One has submitted a plan to its lenders, National Asset Reconstruction Construction Company Limited (NARCL) through India Debt Resolution Company Limited (IDRCL), for the procurement of additional coaches."The 11.4-km Versova-Andheri-Ghatkopar corridor, which caters to over 5 lakh commuters daily, was left struggling to cope with the passenger load. "The issue arose after one rake showed poor pick-up and had to be taken off the tracks," an MMOPL official said.Social media exploded with angry reactions from commuters and citizen groups. The Andheri Lokhandwala Citizens Association posted on X: "Crazy commuter woes thanks to one service withdrawn due to tech issues. Stampede-like situation in Ghatkopar. @Dev_Fadnavis @CMOMaharashtra act fast before lives are lost. Line 1 needs 6-bogie rakes and 3x the current number."Abhishek Modi, a regular commuter, said, "It's chaos almost every other day. MMOPL is running the show like it's still 2014. It seems they're waiting for a major accident before they take any action."Another commuter, Tarun Purohit, questioned the lack of foresight: "This is one of the most popular routes. The crowds are only increasing. Why is it still a 4-coach train? Are we waiting for a tragedy to happen?"Shweta Iyer, who boards the Metro daily from Western Express Highway, added, "We are paying premium fares for substandard service. If a single train goes out of service, the entire line collapses. This is unacceptable." Commuters are now demanding immediate augmentation of rakes from four to six coaches and an increase in the total number of trains. Several are also calling on the state government to intervene and push MMOPL for urgent upgrades.
NEW DELHI: Centre is likely to build a new 6-7 km Metro line from Indraprastha station to North Block, connecting Bharat Mandapam, C Hexagon at India Gate, Kartavya Path, Central Secretariat, and the proposed Yuge Yugeen Bharat Museum at the North and South Blocks. The underground corridor will provide connectivity to all the 10 proposed govt buildings along the Kartavya Path and India Gate, Delhi's most popular tourist spots. Sources said the proposed stretch will be an extension of the 12.3 km Inderlok-Indraprastha Metro corridor (Green Line), which was approved by the Union cabinet in Mar ...Read More >
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
Hyderabad: Stating that the hurdles related to the Kancha Gachibowli land placed by the Opposition were temporary, Chief Minister A. Revanth Reddy asserted that the state government within the judicial framework would fight a legal battle to reclaim the site and use it to generate employment opportunities. Addressing a meeting after inaugurating the P. Janardhan Reddy (PJR) flyover between Kondapur and Gachibowli here on Saturday, Revanth Reddy said, "Despite attempts by a few individuals to create hurdles, the government will not back down. The government will wage a legal battle in courts t ...Read More >
Navi Mumbai: The father of a three-day-old girl who was found abandoned in a blue basket outside Navi Mumbai's Panvel wad traced and detained on Sunday, the police said. According to them, the infant's parents were not financially stable enough to raise her. Due to this, the couple decided to give up the baby to an orphanage that could look after her, reported PTI. However, the Navi Mumbai police's crime branch traced the infant's father, Aman Iqbal Kondkar, a resident of Thane's Bhiwandi, within 24 hours, an official said. ...Read More >
Mumbai, Jun 8 (PTI) The Congress on Sunday staged a protest against the Maharashtra government's decision to allot Mother Dairy's land in Kurla for rehabilitating ineligible slum-dwellers who will be displaced by the Dharavi redevelopment project. City Congress president Varsha Gaikwad, who led the demonstration, targeted the state government's decision with a "surrender" barb, alleging that the opposition by local people was ignored. "The market value of this land is in the hundreds of crores, but it is being handed over to Adani at a nominal price," she alleged. The Maharashtra cabinet la ...Read More >
Mumbai, Jun 8 (PTI) The Congress on Sunday staged a protest against the Maharashtra government's decision to allot Mother Dairy's land in Kurla for rehabilitating ineligible slum-dwellers who will be displaced by the Dharavi redevelopment project. City Congress president Varsha Gaikwad, who led the demonstration, targeted the state government's decision with a "surrender" barb, alleging that the opposition by local people was ignored. Also Read | Encroachers Can't Claim Right To Continue Occupying Public Land, Says Delhi High Court. "The market value of this land is in the hundreds of crore ...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 >
Hyderabad, Jun 28 (PTI) Telangana Chief Minister A Revanth Reddy on Saturday said the state government would make efforts to generate lakhs of jobs by establishing IT companies on the 400-acre land parcel next to the University of Hyderabad here. He also said the government will fight in the courts to reclaim the land. A row had erupted over tree felling on the 400-acre land in April this year. The Supreme Court had then rapped the Telangana government over its rushed action to fell trees on the land parcel and directed it to submit a specific plan to restore the 100 acres of deforested land ...Read More >
Kolkata: A two-member National Commission for Women team on Sunday visited the south Kolkata law college where a student was allegedly gang-raped last week.The team, accompanied by a videographer, was initially denied entry and asked to produce a formal order. After an hour-long discussion at the college entrance, the team, led by Archana Majumdar, was allowed in under two conditions -- no access to the crime scene and no videography permitted.The visit lasted 10 minutes. "We were denied access to the crime scene and other floors. I will include this in my report," said Majumdar, who was the f ...Read More >
Mumbai: The Maharashtra government on Tuesday admitted that 767 farmers committed suicides in the state in the first quarter of 2025. In response to a query on farmers' suicides, Maharashtra Relief and Rehabilitation Minister Makarand Jadhav-Patil told the Legiglsative Council in a written reply that of the 767 cases of suicide from January to March 2025, 373 farmers were found eligible for the financial assistance, while 200 farmers were found ineligible. Investigation is still being conducted in 194 cases, the minister informed. MLCs Dr. Pradnya Rajeev Satav, Satej Patil, Bhai Jagtap from t ...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 >
Lucknow: A man accused of raping a three-year-old girl died in an encounter with Uttar Pradesh police in Lucknow on Friday, a day after a complaint was registered against him. The accused was identified as Deepak Verma. After receiving the complaint, the police formed five teams and launched a manhunt operation to nab Kumar. Kumar was initially injured in the gunfight. However, he succumbed to injuries during treatment. "Accused Deepak Verma, who was injured in an encounter with the Police, has died during treatment," DCP Central Lucknow Ashish Srivastava told news agency ANI. The girl was a ...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, Jan 27 (UNI) Aam Aadmi Party (AAP) has released its manifesto for the next month Assembly election with 15 guarantees, including employment and the women's dignity scheme. While releasing the manifesto on Monday, AAP's national convener and former Chief Minister Arvind Kejriwal said, "Kejriwal's guarantees are solid," emphasising that free electricity for 24 hours, free water, free education, free pilgrimage for senior citizens, free bus travel for women, and free medical treatment in hospitals and Mohalla Clinics will continue in Delhi. He alleged, "BJP leaders and spokespersons ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
LUCKNOW: Hours after the abduction and rape of a three-year-old girl sleeping with her mother under a bridge near Alambagh metro station, the accused was killed in an encounter with Lucknow police early Friday.The accused, identified as Deepak Verma, a habitual offender with multiple criminal cases lodged across city police stations, was traced through CCTV footage that captured him fleeing with the child on a white scooter around 3.30 am on Thursday.Deputy Commissioner of Police (Central Zone) Ashish Srivastava said multiple police teams were formed immediately after the incident, and a rewar ...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 >
Mumbai: In a review meeting held by the Chief Minister Devendra Fadnavis recently at Sahyadri guest house, Malabar Hill, in view of the growing population and persistent traffic congestion from goods transport, it was decided to implement an independent project featuring an underground metro, road widening, and new flyovers -- offering a lasting traffic solution and driving urban and industrial growth. Both metro and road widening projects will progress in parallel, ensuring faster, safer, and seamless connectivity. These coordinated efforts aim to ease traffic and boost regional development. ...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 >
Mumbai, Jul 1 (PTI) Lakhs of trucks and other goods carriage vehicles in Mumbai and other parts of Maharashtra will go on indefinite strike to oppose the e-challan system for traffic violations, and other demands from Tuesday midnight, transporters said. The operators of buses, including those involved in ferrying school children, however, announced they would postpone their participation in the strike at the request of Chief Minister Devendra Fadnavis, who said the warkaris (Lord Vitthal devotees) would face inconvenience as Ashadi Ekadashi is just round the corner. Taking cognizance of the ...Read More >
Mumbai, Jul 2 (PTI) Truckers in Maharashtra went on an indefinite strike on Wednesday to protest against the e-challan system and press for other long-pending demands, disrupting goods transport services across the state, transporters' representative said. The transporters have complained the recovery process by authorities has become aggressive and is disrupting business operations, besides mounting fines of e-challans. Also Read | Kolkata Gang-Rape Case: Police Custody of 3 Accused Monojit Mishra, Zaib Ahmed and Pramit Mukherjee Extended Till July 8. The Vahatukdar Bachao Kruti Sanghatana ...Read More >
Ahmedabad: Infocity police in Gandhinagar registered a theft case on Wednesday after materials worth Rs 3.81 lakh were stolen from the GNLU metro station at Koba village. This was the third theft reported on the Ahmedabad-Gandhinagar metro rail network in the past two weeks.Ravindrasinh Bihola, a 27-year-old security guard, filed the FIR with Infocity police. He stated that he was posted at the GNLU metro station for the past three months. He was on night duty from 8 pm to 8 am. According to his complaint, the theft occurred during the intervening night of May 30 and May 31.Bihola said that th ...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 >
Hyderabad: Chief Minister A. Revanth Reddy took a resolute stance on the ongoing Kancha Gachibowli land dispute, asserting that the Telangana government would legally reclaim the entire 400-acre land parcel. Without naming the location directly, he stated, "Certain individuals are creating obstacles, but the government will pursue the issue legally and reclaim the land." Speaking at the inauguration of the 1.2 km six-lane PJR Flyover in Kondapur, the CM announced plans to transform the reclaimed land into an IT hub. "We will establish IT companies and generate over 5 lakh jobs with an investm ...Read More >
India Budget: The Union Budget 2025-26 should prioritise giving tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from ₹3 lakh to ₹5 lakh and lowering tax rates, according to Ernst & Young India (EY India), a global consulting firm. EY India also recommended delaying the tax deduction at source (TDS) on provident fund (PF) interest above ₹2.5 lakh until the withdrawal stage to reduce the compliance burden on taxpayers. Also Read: India to simplify decades-old income tax filing rules in Budget In the last budget, some TDS rate rationalisation was intro ...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 >
Lucknow, June 6: A man accused of abduction and rape of a three-year-old girl in Lucknow, Uttar Pradesh, was killed in an encounter with police on Friday. The accused was identified as Deepak Verma by the police after scanning CCTV footage that showed him with the child. The officials said he was a habitual offender with criminal cases lodged across the city police stations. Deputy Commissioner of Police (Central Zone) Ashish Srivastava said five police teams were formed immediately after the incident was reported, and a reward of Rs one lakh was announced for his arrest. Police, after identi ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Haridwar: Bharatiya Janata Party (BJP) MP Sakshi Maharaj on Sunday demanded that hotel, dhaba and eatery owners on the Kanwar Yatra routes should display their names and identities on boards outside their business establishments. The owners, who hide their identities under fake names, on the Kanwar Yatra routes should not be spared, he told reporters here. "Tampering with faith of the Hindu devotees during the Kanwar Yatra will not be tolerated," said the Unnao MP. The food shops on the Kanwar Yatra routes should have a board outside with the names of their owners clearly written on them, h ...Read More >