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: A major milestone was achieved on Wednesday in the construction of the Mumbai-Ahmedabad bullet train corridor, with the first breakthrough in the 21km tunnel between BKC and Shilphata. The breakthrough marks the completion of a 2.7km continuous tunnel section in India's first high-speed rail project.The BKC-Shilphata tunnel includes a 7km stretch beneath Thane creek. Of the 21km, 16km will be built with tunnel boring machines and the remaining -- from Shilphata to Ghansoli -- using the new Austrian tunnelling method (NATM). To speed up NATM works, an additionally driven intermediate tunnel was developed, allowing parallel excavation from Shilphata and Ghansoli. So far, around 1.6km has been excavated from Shilphata. -- Manthan K Mehta
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port."The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power ...Read More >
Mumbai, Apr 2 (PTI) Work on the 21-km underground tunnel of the Mumbai-Ahmedabad bullet train corridor has progressed to advanced stages, with about 5 km of the stretch excavated using the New Austrian Tunnelling Method (NATM), the National High Speed Rail Corporation Limited (NHSRCL) said on Thursday. Work has now moved to the installation of critical systems inside the tunnel, the NHSRCL said in a statement. "The 21-km tunnel between Bandra Kurla Complex (BKC) in Mumbai and Shilphata includes a 5-km NATM section between Ghansoli and Shilphata, where excavation has been completed, paving th ...Read More >
Mumbai: The underground stretch of India's first bullet train corridor has entered a critical construction phase, with drainage systems, waterproofing membranes, and concrete lining work now underway inside the fully excavated five-kilometre New Austrian Tunneling Method (NATM) tunnel between Ghansoli and Shilphata in Maharashtra. The 21 kilometre tunnel, the longest on the Mumbai-Ahmedabad High Speed Rail corridor runs from Bandra-Kurla Complex (BKC) in Mumbai to Shilphata. With excavation of the NATM portion complete, specialised gantries are now casting the drainage layer, installing water ...Read More >
Mumbai is set to get a driverless Pod taxi system. The Automated Rapid Transit System will connect Kurla and Bandra Kurla Complex. This project aims to improve last-mile connectivity for daily commuters. The system will feature AI-based pods running on battery power. It is expected to reduce traffic congestion and travel time.Maharashtra Chief Minister Devendra Fadnavis on Tuesday performed the groundbreaking ceremony for the driverless Pod taxi project, an Automated Rapid Transit System being developed between Kurla and BKC in Mumbai, to provide last-mile connectivity for daily commuters. De ...Read More >
Mumbai: Plans are underway to connect India's first underground bullet train station at Bandra Kurla Complex (BKC) with two metro rail lines and other buildings and commercial complexes around it, said officials. There will be an underground tunnel with a travelator connecting the bullet train station to the Kotak-BKC station of the underground metro Line-3 (Cuffe Parade to Array Colony), and a foot over bridge (FOB) linking it to the IL&FS station on the under-construction Metro Line-2B (DN Nagar to Mandale). The linking initiative is a part of the larger multi-modal integration (MMI) aiming ...Read More >
Srinagar: Imagine gliding effortlessly above the clouds atop the world's highest railway bridge, with panoramic views of snow-capped peaks, lush green valleys, and rivers carving their way through rugged mountains. This is the experience Kashmir's first high-speed train journey offers -- promising to transform travel and tourism in the region forever. On Friday, Prime Minister Narendra Modi inaugurated two cutting-edge Vande Bharat trains running between Katra and Srinagar, slashing travel time by hours and providing year-round, reliable connectivity to the Kashmir valley. This train ride doe ...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 >
Mumbai will see the inauguration of key Metro stretches and infrastructure projects on April 7. The rescheduled event includes launches of Lines 9, 2B, and major tunnelling works The Mumbai Metropolitan Region Development Authority (MMRDA) has revised the schedule for inaugurating select operational stretches of Metro Lines 9 and 2B, with the ceremony now set to take place on Tuesday, April 7. The launch had previously been planned for earlier dates but was postponed due to scheduling constraint ...Read More >
Thane (Maharashtra) [India], April 7 (ANI): Maharashtra Chief Minister Devendra Fadnavis, along with Deputy Chief Ministers Eknath Shinde and Sunetra Pawar, on Tuesday inaugurated the 'Thane-Borivali Double Decker Corridor Project'. Speaking on the occasion, CM said, "We have just launched the Tunnel Boring Machine (TBM) of Borivali Twin Tunnel from Thane. It is a country's engineering marvel. At present, it takes 23 kilometres to get to Borivali from Thane, and it takes about 2 to 5 hours. But this tunnel will complete it in just 11.84, that is 12 kilometres, and we will be able to go from T ...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 >
Navi Mumbai: In a bid to meet the projected water demand of 1,257 million litres per day (MLD) by the year 2050, the City and Industrial Development Corporation (CIDCO) has embarked on a series of critical water infrastructure projects across Navi Mumbai. These initiatives aim to support the city's rapid development and ensure sustainable water supply to areas under CIDCO's jurisdiction, a statement released by the planning authority on Friday, said. One of the key initiatives is the augmentation of the Hetawane Water Supply Scheme, which is currently progressing in four phases and is expect ...Read More >
Mumbai: The city is set to undergo a major infrastructure milestone with the launch of four projects on April 7. The developments are expected to enhance connectivity and transform daily commuting across the metropolitan region. The inauguration of phase 1 of Mumbai's Metro Lines 9 and 2B, the bhoomipujan of the BKC pod taxi project, and the launch of the Thane-Borivali tunnel will be done after facing a series of delays. According to the official update, the April 7 launch events will be held at three different locations in a phased manner throughout the day, while one event will be held virt ...Read More >
Four of the largest TBMs ever deployed in Mumbai will be used to carve twin tunnels beneath the Sanjay Gandhi National Park, a move that combines scale with sensitivity Work on the ambitious Thane-Borivali twin tunnel project in Mumbai is now moving from planning to execution, with the launch of its first Tunnel Boring Machine (TBM), 'Nayak', marking a decisive shift toward on-ground activity. Spanning 11.84 kilometres, the underground corridor is being developed by the Mumbai Metropolitan Regio ...Read More >
Bhopal (Madhya Pradesh): With the launch of the Tunnel Boring Machine (TBM) 'Durgawati', the tunnel digging work of the Metro project commenced near the main railway station on Monday. The project length of the tunnel is around 3 km. The TBM has the capacity to dig 14 metres per day. The TBM was lowered till the depth of around 24 metres through the special launching shaft. The digging has been started from this level. Managing director, Madhya Pradesh Metro Rail Corporation, S Krishna Chaitanya said that by maintaining speed, all targeted work would be completed within the set time. He dir ...Read More >
A visually animated video showing three high-speed trains seamlessly crossing paths at a railway junction has gone viral across social media platforms. The video, often shared with patriotic captions, has been widely mistaken for real footage showcasing India's railway capabilites, with some users attributing it to Railway Minister Ashwini Vaishnaw's leadership. However, the clip is entirely computer-generated. The animation depicts an elaborate X-shaped junction where three trains pass each ot ...Read More >
Shilphata (Maharashtra) [India] July 11 (ANI): On July 9, the first breakthrough was achieved in the 21 km long tunnel being constructed between Bandra-Kurla Complex (BKC) and Shilphata in Maharashtra, marking the successful completion of a 2.7 km continuous tunnel section. Out of the total 21 km tunnel, 5 km is being constructed using the New Austrian Tunnelling Method (NATM) between Shilphata and Ghansoli, while the remaining 16 km will be built using Tunnel Boring Machines (TBMs). The tunnel also includes a 7 km long undersea section beneath Thane Creek. To expedite tunnelling in the NATM ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Delhi Metro Rail Corporation (DMRC) achieved a breakthrough of the Tunnel Boring Machine (TBM) at the Tughlakabad Railway Colony Underground Metro Station site, an official said on Saturday. This milestone was achieved as part of work on the Golden Line (Tughlakabad-Aerocity corridor) under Phase-IV of the Delhi Metro network. The breakthrough was achieved in the presence of Delhi Transport Minister Pankaj Kumar Singh who lauded the engineering precision. He said that such breakthroughs reaffirm the Central government's commitment to modern, sustainabl ...Read More >
New Delhi, Jul 14: The Mumbai-Ahmedabad High-Speed Rail (MAHSR) project has crossed a major milestone with the opening of the first segment of a 21-kilometre undersea tunnel between Bandra-Kurla Complex (BKC) and Thane. The achievement marks a major step forward in India's first bullet train project, which is rapidly taking shape across Maharashtra and Gujarat. Press release from Railway ministry said that construction is advancing swiftly along the 508-km corridor. So far, 310 km of viaducts have been completed, with civil works progressing at pace. Fifteen river bridges are fully built and ...Read More >
The budget outlines a projected receipt of ₹16,250 crore against an expenditure of ₹16,150 crore, leaving an expected surplus of ₹100 crore. "The budget reinforces our commitment to infrastructure and quality housing. With the Navi Mumbai International Airport operational and the development of Aerocity, EduCity, and MediCity, Navi Mumbai is poised to emerge as a major economic hub," CIDCO Vice Chairman and Managing Director Vijay Singhal stated in a release. The NMIA, which currently han ...Read More >
Mumbai: The Mumbai Metropolitan Region (MMR) now has the second-largest metro network in India after the Delhi Metro, as Maharashtra chief minister Devendra Fadnavis inaugurated partial stretches of two metro lines, 2B and 9, on Tuesday. The operationalisation of the first phase of lines 2B (Mandale - Diamond Garden) and 9 (Dahisar East - Kashigaon) added 5.53 km and 4.7 km, respectively, to MMR's metro network, bringing the tally past 100 km. "Today, we crossed 101 km of the operational metro network in the MMR," said Fadnavis, after taking a ride on line 9. "We now have the second-highest ...Read More >
The Delhi Metro Rail Corporation (DMRC) on Saturday successfully completed tunnelling at Tughlakabad Railway Colony station in south Delhi for the upcoming Golden Line, a part of the Phase IV of the metro expansion, said a DMRC official. The tunnel will connect Maa Anandmayee Marg, near Kalkaji Temple, to Tughlakabad station, the last station on the Golden Line. The DMRC official said the last tunnelling breakthrough of 792 metres, achieved using a tunnel boring machine (TBM), took place in the ...Read More >
Mumbai: The under-construction Mumbai Metro Line 7A on Monday, 14th July 2025, marked a significant milestone with the successful breakthrough of the upline tunnel, the second and final tunnel of the corridor connecting Andheri (East) to Chhatrapati Shivaji Maharaj International Airport. The initial drive of the TBM named Dhruv started on 4th November 2023. The length of this upline tunnel is about 1.65 km, which requires the installation of 1178 rings of 1.4m length for the tunnel lining. The finished tunnel diameter is 5.6 m, and precast ring segments consisting of 6 parts are used as the t ...Read More >
Navi Mumbai, Oct 8 (PTI) Prime Minister Narendra Modi on Wednesday attacked the Congress party demanding it disclose to the nation who prevented India from mounting a military response following the 26/11 Mumbai terror attacks, which were linked to Pakistan. Speaking at a function after the opening of the first phase of the Navi Mumbai International Airport (NMIA), Mumbai metro's Aqua Line and other projects, he blamed the Congress-led UPA government (2004-14) for "weakening the fight against terror," which he alleged had "paid a heavy price" on the nation. "A Congress leader, who has also b ...Read More >
Thane (Maharashtra) [India], April 7 (ANI): Maharashtra Chief Minister Devendra Fadnavis, along with Deputy Chief Ministers Eknath Shinde and Sunetra Pawar, on Tuesday inaugurated the 'Thane-Borivali Double Decker Corridor Project'. Speaking on the occasion, CM said, "We have just launched the Tunnel Boring Machine (TBM) of Borivali Twin Tunnel from Thane. It is a country's engineering marvel. At present, it takes 23 kilometres to get to Borivali from Thane, and it takes about 2 to 5 hours. But this tunnel will complete it in just 11.84, that is 12 kilometres, and we will be able to go from T ...Read More >
Thane, Jul 5 (PTI) From deep urban shafts to mountain tunnels and marine crossings, the Bullet Train project is progressing fast, with 80 per cent of excavation work completed at the Bandra Kurla Complex (BKC) station in Mumbai, an official release said on Saturday. Of the 21-km-long underground and undersea tunnel between BKC and Shilphata in Thane district, 16 km is being excavated using Tunnel Boring Machines and 5 km with the help of the New Austrian Tunnelling Method, said the National High-Speed Rail Corporation of India Limited (NHSRCL) in the release. The NHSRCL, which is implementin ...Read More >
Mumbai (Maharashtra) [India], October 9 (ANI): Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport and unveiled various developmental projects in Mumbai on Wednesday, saying that the new international airport and underground metro are set to transform travel and connectivity in the city. Noting that Mumbai's long wait has ended with the city now receiving its second international airport, the Prime Minister highlighted that this airport will play a major role in establishing the region as one of Asia's largest connectivity hubs. He also remarked that Mumbai has now ...Read More >
Bhopal (Madhya Pradesh) [India], March 31 (ANI): The ongoing construction work of Bhopal Metro Project entered into a new phase as Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) formally commenced underground tunnel construction work on Monday. The tunnel construction work is a key component of the project, and was started in the presence of officials and employees from MPMRCL. During this, a Tunnel Boring Machine (TBM) was introduced, marking the beginning of tunnel excavation work. The use of advanced TBM will ensure safe, precise and faster construction work in densely populated ur ...Read More >
Mumbai's ambitious underground mobility network has achieved a significant breakthrough, with the Orange Gate-Marine Drive road tunnel project entering its main tunnelling phase, according to the Mumbai Metropolitan Region Development Authority. The development marks a crucial step forward in one of India's most complex urban infrastructure projects aimed at transforming east-west connectivity in the city. The project recently crossed an important milestone as the Tunnel Boring Machine (TBM) com ...Read More >
Since March 31, a convoy of multi-axle trailers has been inching forward on Mumbai's roads each night, accompanied by escort vehicles including a towing vehicle. The trailers, carrying multiple parts of two tunnel boring machines (TBMs), are on their way from the Jawaharlal Nehru Port (JNPT) to Vikhroli and Savali, a distance of about 62 kilometres and 51 kilometres, respectively. The TBMs, weighing 6,000 tonnes in total, are for the 21-km underground tunnel stretch of the Mumbai-Ahmedabad High- ...Read More >
India is expected to use Japan's E5 Shinkansen bullet trains for trials on the Mumbai-Ahmedabad high-speed rail corridor and adopt the newer E10 variant for commercial operations around 2030, officials told ET. The E10 trains will debut simultaneously in India and Japan. The 508-km corridor, built with Japanese Shinkansen technology, is on track for commercial launch in 2027, with the first prototype expected by 2026. India likely to use E5 variant Japanese-make bullet trains for trials and then ...Read More >