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 E5 variant of Japanese Shinkansen trains will be used for trial runs in the Gujarat section of the Ahmedabad-Mumbai bullet train project in financial year 2026-27, railway officials have said. India will subsequently buy the state-of-the-art E10 variants, which will be rolled out in India and Japan simultaneously. E10 Shinkansen trains are likely to be launched in 2030.The country's first bullet train project is progressing well, a senior railway ministry official said. "Only Japanese Shinkansen trains will be deployed for the trial runs and then we will have the most advanced trains from Japan to run on the entire 508-km corridor," he added.In an official release, the ministry said: "In the spirit of strategic partnership between Japan and India, the Japanese govt has agreed to introduce E10 Shinkansen trains in the Mumbai-Ahmedabad Bullet train project. E10 will be introduced simultaneously in India and Japan. The entire 508-km corridor is being developed with Japanese Shinkansen technology. It will set new benchmarks for speed, safety, and reliability. This reflects the deep strategic and technological cooperation between India and Japan".Meanwhile, govt has allotted the task of building two bullet trains, which can run at a maximum speed of 280 kmph, to the Integral Coach Factory (ICF) and BEML. It has also bid out the signalling work for the Bullet train corridor to a joint venture of Siemens and DR Agrawal Infracon. It remains to be seen how the railways can operate E5 trains on this signalling system even for trial purposes.The ministry said civil works for the project are progressing at a rapid pace. So far 310 km of viaducts have been constructed, 15 river bridges have been built and another four are in advanced stages of construction. Out of 12 stations, five have been completed and three more are reaching completion stage. Breakthrough has also been achieved on the first section of the 21-km undersea tunnel for the project.
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, with only the champion earning a guaranteed spot. All players from the previous camp have been retaine ...Read More >
Ranchi (Jharkhand) [India], August 4 (ANI): The Jharkhand government declared a three-day state mourning, starting Monday, following the passing of the state's former Chief Minister and co-founder of Jharkhand Mukti Morcha, Shibu Soren. "In honour of the late Honourable former Chief Minister-cum-Rajya Sabha MP, the State Government has decided to observe 03 (three) days of state mourning from August 4 to August 6," the message from the Jharkhand government read. Also Read | Kerala Shocker: 47-Year-Old Man Dies by Suicide After Failing to Arrange Funds for Son's Engineering College Admission. ...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 >
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: 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 >
Guwahati: Work on the second Saraighat rail-cum-road bridge over the Brahmaputra in Guwahati will start soon, with tenders to be opened next month, followed by work allotment, officials said on Saturday.While this major infrastructure project was sanctioned during the FY 2023-24 with an estimated cost of Rs 1,473.77 crore, Northeast Frontier Railway (NFR) on Saturday said the bridge is targeted for completion by Dec 2029. This bridge at Saraighat has been sanctioned as part of the doubling of the Agthori-Kamakhya railway line under NFR."The geotechnical investigations have been completed for t ...Read More >
New Delhi, Jul 20 (PTI) NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. Also R ...Read More >
The train set, rolled out on March 31, 2026, makes the Kapurthala-based factory the second major facility after Chennai's coach factory to produce Vande Bharat trains In a significant boost to India's rapidly expanding semi-high-speed rail network, Indian Railways has rolled out its first 16-coach Vande Bharat chair car train from the Rail Coach Factory (RCF) in Kapurthala, Punjab. The development marks a major shift in production geography, with North India entering a space that was until now d ...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 >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between Age 5-7, Free of Cost. Citing a data from the General Insurance Council (GIC), ManipalCigna said it ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Guwahati, The construction of a second rail-cum-road bridge over the Brahmaputra at Saraighat in Guwahati is expected to commence soon, an official said on Saturday. The tender is likely to be finalised shortly, and construction work will start immediately after it, he said. This second bridge at Saraighat was sanctioned as part of the doubling of the Agthori-Kamakhya railway line under Northeast Frontier Railway . It was sanctioned in 2023-24 with an estimate of ₹1,473.77 crore, and is targ ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been clos ...Read More >
RIYADH: Indian companies and business groups are stepping up efforts to tap into Saudi Arabia's growing petrochemical sector, with a focus on refining complexes, technology partnerships, and joint ventures, according to an official at the Indian Embassy in Riyadh. The move underscores the expanding economic cooperation between the two nations, with chemicals and petrochemicals forming a key pillar of bilateral trade. The partnership was further reinforced during a recent high-level meeting aimed at boosting investment and technological exchange, Al-Eqtisadiah reported. Saudi Arabia's emergen ...Read More >
Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to pick 50% stake in Runwal Enterprises' upcoming mall in Mumbai for Rs 434 crore The acquisition will ...Read More >
New Delhi, Apr 9 (PTI) Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to Rs 1,540 crore in the fourth quarter of the last fiscal year amid slowdown in housing demand in Gurugram, Haryana. Its sales bookings stood at Rs 1,620 crore in the year-ago period. During the 2025-26 fiscal, the sales bookings fell 20 per cent to Rs 8,220 crore from a record Rs 10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday. The company sold 2,114 homes in the last fiscal, almost half of the 4,130 units in the preceding year. During F ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
New Delhi: Starting August 27, Indian exporters face a tough blow as the US slaps steep 50 percent tariffs on close to $60.2 billion worth of goods, covering two-thirds of India's approximately 86.5 billion exports to America. According to a report of the Global Trade Research Initiative (GTRI) labour-intensive industries like textiles, gems and seafood are bracing for up to a 70 percent collapse in shipments, threatening jobs and livelihoods. The report also suggests that some relief remains, about $27.6 billion in exports, as medicines, APIs and electronics will stay duty-free, with pharma ...Read More >
A Russian‑Indian joint venture has showcased the first design of a new high‑speed sleeper coach at the International Railway Equipment Exhibition in New Delhi. Kinet is a joint venture between Russian rolling stock companies and Indian government-owned Rail Vikas Nigam Limited (RVNL) for the manufacturing and maintenance of 120 Indian 'Vande Bharat' high-speed trains. The venture is expected to unveil the first prototype in June 2026, with manufacturing set to begin by the end of December, ...Read More >
New Delhi, July 14 (SocialNews.XYZ) The Railways Ministry has dismissed as baseless and misleading some reports claiming that India has decided not to run the Japanese bullet train on the Mumbai-Ahmedabad route. Releasing a fact check on these 'fake news' reports, the Ministry said that it has taken no such decision to reject Japanese technology. "Some articles and social media posts claim that the Ministry of Railways has decided to not run the Japanese bullet train on the Mumbai-Ahmedabad route. This claim is misleading! The Railway Ministry has made no such decision," said a statement. T ...Read More >
Surat (Gujarat) [India], October 3 (ANI): Minister of Railways Ashwini Vaishnaw, along with Japan Minister of Land, Infrastructure, Transport and Tourism Hiromasa Nakano, on Friday inspected the construction of the Surat stretch of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) bullet train project. The Japanese Minister was accorded a traditional Garba welcome at the Surat airport. The two Ministers reviewed significant aspects of the project during their visit, including the advanced track slab laying car and the track slab adjustment facility, both key components. They expressed satisfacti ...Read More >
New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Also Read | Tamil Nadu: Temple Worker, Detained in Connection With Alleged Theft of Gold Jewellery, Dies in Police Custody; Tension Erupts in Sivaganga. Wherever required banks should invest funds to scale up operati ...Read More >
MUMBAI, July 17 (Reuters) - India's largest property developer DLF (DLF.NS), opens new tab expects to review offers from potential partners, as it works on a project to build luxury flats in a slum area of Mumbai that marks its return to the city, it said on Thursday. DLF left Mumbai more than a decade ago, when it sold off land to reduce debt and turned its focus to New Delhi and regions around the capital. It had since become one of India's largest luxury property developers, building premium ...Read More >
Hyderabad, Jul 19 (PTI) India's electronics exports have soared past USD 40 billion, marking an eight-fold growth during the last 11 years, Union Minister Ashwini Vaishnaw said on Saturday. He also highlighted that the domestic electronics production has gone up by six times. Addressing the 14th Convocation of IIT Hyderabad, near here, Vaishnaw also emphasised the rapid progress of India's first bullet train project, which is expected to become operational by August or September 2027. Looking ahead, Vaishnaw said the first Made in India semiconductor chip, on a commercial scale, will be man ...Read More >
New Delhi: In a major festive season push, the Union Cabinet on Wednesday approved a Productivity Linked Bonus (PLB) worth Rs 1,866 crore for railway employees, benefiting over 10.90 lakh staff across the country. Union Railways Minister Ashwini Vaishnaw said the bonus, equivalent to 78 days of wages, recognises the dedicated efforts of railway staff in maintaining smooth operations and improving efficiency. "The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways," a Cabinet note said. As per the note, the m ...Read More >
Surat (Gujarat) [India], October 3 (ANI): Minister of Railways Ashwini Vaishnaw, along with Japan's Minister of Land, Infrastructure, Transport and Tourism Hiromasa Nakano, on Friday inspected the construction of the Surat stretch of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) bullet train project. The Japanese Minister was accorded a traditional Garba welcome at the Surat airport. The two Ministers reviewed significant aspects of the project during their visit, including the advanced track slab laying car and the track slab adjustment facility, both key components. They expressed satisfac ...Read More >
Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to ₹1,540 crore in the fourth quarter of the last fiscal year amid slowdown in housing demand in Gurugram, Haryana. Its sales bookings stood at ₹1,620 crore in the year-ago period. During the 2025-26 fiscal, the sales bookings fell 20 per cent to ₹8,220 crore from a record ₹10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday. The company sold 2,114 homes in the ...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 >