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 first section of the 21 km undersea tunnel between BKC and Thane in Mumbai, part of the bullet train project, has now been opened. A thoroughfare has been established from one end to the other. A next-generation E10 Shinkansen bullet train will pass through this undersea tunnel, linking Mumbai and Ahmedabad. On Monday, the Ministry of Railways informed the media that the first section of the 21 km undersea tunnel for the bullet train project had been opened, creating a thoroughfare from one end to the other. "After completing 310 km of viaduct construction, the second milestone has been achieved by opening the first section of the 21 km undersea tunnel between Ghansoli and Shilphata in Maharashtra. A thoroughfare has been created from one end to another in this tunnel," said an official source from the Ministry. The official further stated that track laying, the construction of overhead electrical wires, stations, and bridges are progressing at a rapid pace on the bullet train project. "In parallel, the progress on procurement of systems for operations and control is also going on well," the official added.
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 >
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 >
The Central Railway (CR) has announced special traffic and power day blocks for 14 days starting Saturday, September 27, to carry out scheduled maintenance work. The power block will be in effect until October 10 at Karjat railway station. The special traffic and power day blocks are being undertaken to carry out pre-non-interlocking works at Karjat station in connection with Karjat yard remodelling work. In view of this, local train services in Mumbai and long-distance trains are likely to be affected. Central Railway said that traffic will be blocked between Karjat and Khopoli stations durin ...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 >
New Delhi, Apr 3 (PTI) Railway Minister Ashwini Vaishnaw on Friday congratulated zones that have maintained high levels of punctuality and appreciated those which have improved their performance by ensuring more than 85 per cent punctuality despite operational challenges. Vaishnaw, who chaired a review meeting on various operational issues with railway officials across the country at Rail Bhawan here, congratulated the entire Railway family for their commendable performance last year. "He (Vais ...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: 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 tu ...Read More >
It has brought Aizawl onto India's railway map after overcoming unprecedented challenges. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The Bairabi-Sairang railway line in Mizoram is ready for operation after 26 years of planning * The 51.38 km line includes 48 tunnels and over 40 bridges, crossing difficult terrain * Travel time between Guwahati and Aizawl will reduce from 18 to under 12 hours by rail Did our AI summary help? Let us know. A railway, first conceptualised 26 ...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 >
Bhavnagar (Gujarat) [India], August 3 (ANI): Railway Minister Ashwini Vaishnaw on Sunday flagged off a new train from Gujarat Bhavnagar Terminus Railway station to Ayodhya. On the occasion, the Railway Minister said, A lot of new developmental works are being undertaken in Bhavnagar. Many new trains will also start from Bhavnagar. It is also emerging as a great hub of container manufacturing. PM Modi increased the budget for railway development projects by 29 times for Gujarat. 87 new stations are being constructed in the state. The bullet train project is also progressing rapidly, he added. ...Read More >
Ahmedabad: Railway Minister Ashwini Vaishnaw on Sunday announced that India's first bullet train between Mumbai and Ahmedabad will begin operations very soon, reducing travel time between the two cities to just 2 hours and 7 minutes. He was speaking to reporters at the Bhavnagar terminus in Gujarat after virtually flagging off three trains, namely the Ayodhya Express, Rewa Pune Express, and Jabalpur Raipur Express. He further stated that the bullet train project is progressing rapidly. The 508-kilometre high-speed rail corridor will connect Mumbai's Bandra Kurla Complex (BKC) with key cities ...Read More >
The Noida International Airport (NIA) in Jewar, Uttar Pradesh, is expected to be inaugurated in a couple of days. As one of India's largest greenfield airports, the NIA, also known as Jewar airport, will significantly boost air connectivity for Delhi-NCR and western UP. Moreover, NIA has been designed to ease congestion at Delhi's Indira Gandhi International Airport. As the initial phase of the project is underway, let's take a look at how well the airport will be connected and what features will ...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 >
Mumbai: India's first bullet train is set to launch soon, cutting travel time between Mumbai and Ahmedabad to just two hours and seven minutes, according to Railway Minister Ashwini Vaishnaw. The 508-km-long high-speed rail corridor will begin at Mumbai's Bandra Kurla Complex (BKC) and connect Gujarat's Vapi, Surat, Anand, Vadodara, and Ahmedabad -- operating at a top speed of 320 km per hour. ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): In a major crackdown on narcotics smuggling, officers of the Airport Commissionerate, Mumbai Customs Zone-III, have seized 14.738 kgs of suspected NDPS hydroponic weed (marijuana) valued at approximately Rs 14.73 crore during operations on Sunday. The seizures were made across Chhatrapati Shivaji Maharaj International Airport (CSMI), resulting in the arrest of one passenger, as stated in the press release. The passenger was arrested under the provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985. Based on specific intel, ...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 >
Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. New Delhi, Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. Speaking a ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Union Minister Ashwini Vaishnaw on Thursday described the Chenab Bridge built on the Jammu and Srinagar railway line as an engineering marvel, saying that it has been designed to tackle winds up to 260 kilometres per hour and falls in Seismic Zone 5. Talking to reporters about the unique features of the bridge, the Union Minister said its design is very complicated and its foundation is equal to half a football field. About 30,000 tonnes of steel have been used to build this bridge, which is now touted as the world's highest railway arch bridge. Prime Mini ...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 >
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 >
Srinagar- Chief Minister Omar Abdullah has written to Union Railway Minister Ashwini Vaishnaw, requesting an enhancement of Vande Bharat train services in the Union Territory. The demands include increasing the frequency of the trains, augmenting coach capacity, rescheduling timings for better public convenience, and providing onboard internet connectivity. In a letter sent last week, Omar Abdullah welcomed the recent launch of the Vande Bharat Express between Katra and Srinagar, describing it as a "landmark initiative" that has brought modern, comfortable, and time-efficient travel to the pe ...Read More >
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 t ...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 >
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 >