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.
Navi Mumbai: The Navi Mumbai Municipal Corporation (NMMC) has issued an update regarding the recent water cut that affected several areas, including Sector 46 in Seawoods. The civic body confirmed that the repair work on the 1700 mm diameter Morbe main water pipeline located near the Akshar Building along Palm Beach Road has been completed. The pipeline, which supplies water to a large part of the NMMC area, had undergone connection and repair work from July 18 to July 19, leading to an 18-hour planned water supply disruption. The NMMC shared the update on the social media platform X, informing residents that the water supply has now resumed. The official statement read: "The repair work on the 1700 mm diameter Morbe main water pipeline, which supplies water to the Navi Mumbai Municipal Corporation area, near Akshar Building along Palm Beach Road in Seawoods Sector 46, has been completed, and the water supply has been resumed. Kindly take note of this." About Water Cut The Navi Mumbai Municipal Corporation (NMMC) had announced an 18-hour water supply shutdown in several parts of the city due to crucial work on the Morbe main water pipeline. The planned work began at 10 am on Friday, July 18, and continued until 4 am on Saturday, July 19. During this period, a newly installed pipeline was connected to the existing Morbe line. The 1700 mm diameter pipeline, which supplied drinking water to a large part of Navi Mumbai, ran along Palm Beach Road near the Akshar Building in Nerul Sector 46. Due to frequent leakages along this section in recent months, NMMC had installed a parallel pipeline to prevent further water loss and disruptions. The connection work was part of efforts to improve the reliability of the water supply. They had mentioned the affected areas within NMMC limits, including Belapur, Nerul, Vashi, Turbhe, Sanpada, Koparkhairane, Ghansoli, and Airoli. In addition, locations with direct tap connections to the main pipeline were also impacted. CIDCO-managed zones like Kharghar and Kamothe had also faced water suspension during this period.
KOZHIKODE: A woman from Palakkad who recently tested positive for Nipah virus, remains in critical condition at the Kozhikode Government Medical College Hospital. She is currently receiving critical care in the hospital's specialised Nipah isolation unit. The patient was initially admitted to a private medical facility in Perinthalmanna. However, late on Saturday night, due to a significant deterioration in her health, she was transferred to the Kozhikode Medical College. Her symptoms, consistent with a severe viral infection, first appeared on July 1, prompting her to seek medical attention. ...Read More >
Navi Mumbai, March 30: The Navi Mumbai Municipal Corporation (NMMC) on Monday presented its budget for the financial year 2026-27, with Standing Committee Chairman Ashok Patil tabling estimates of Rs 6,704.43 crore in receipts and Rs 6,689.43 crore in expenditure before the general body for approval. Financial estimates and balances The civic body has projected a closing balance of Rs 15 crore, with an opening balance of Rs 1,265.83 crore carried forward into the new financial year. Alongside, the revised estimates for 2025-26 were also presented, indicating a total available fund of Rs 5,8 ...Read More >
Navi Mumbai: In a tragic incident that has sparked outrage among environmentalists, a golden jackal was crushed to death by a speeding vehicle around midnight on Sunday near DPS Flamingo Lake, Nerul. The accident occurred on the service road parallel to Palm Beach Road, an area known for its rich biodiversity. According to a volunteer from the Wildlife Welfare Association (WWA), the jackal was hit on its back by an unidentified four-wheeler, leaving it badly mangled. The volunteer rushed to the spot after receiving a distress call around 12 a.m., but the animal could not be saved. The incide ...Read More >
Mumbai, Jul 7 (PTI) Local train services on the Central Railway's Harbour line were fully restored on Monday morning, nearly 13 hours after a track relaying train (TRT) derailed near Nerul station, officials said. The TRT derailed near Nerul station at 4.20 pm on Sunday, leading to suspension of services on both the Up (towards Chhatrapati Shivaji Maharaj Terminus in south Mumbai) and Down (away from CSMT) lines between Vashi and Panvel. Thousands of commuters were left stranded during the peak evening hours. After the overnight work, the first local train from CSMT towards Panvel passed th ...Read More >
Thane, Jul 11 (PTI) The police have busted a prostitution racket in Navi Mumbai, leading to the arrest of three persons and the rescue of five female individuals, including minor girls, an official said on Friday. Those operating the illegal trade used to solicit customers online. The customers were told to book lodges in areas like Nerul, Vashi and Turbhe, where the accused used to send women and girls, the Navi Mumbai police said in a release. ...Read More >
Thane, Jul 14 (PTI) A 16-year-old boy has died after suffering an electric shock while trying to make a social media reel on top of a stationary train wagon at Nerul railway station in Navi Mumbai, police said on Monday. The boy, identified as Arav Srivastava from Belapur in Navi Mumbai, went to the railway station with his friends on July 6, Vashi Government Railway Police (GRP) senior inspector Kiran Undre said. Also Read | Kannauj Roof Collapse: 2 Labourers Dead, 1 Injured After Roof of Under Construction House Crashes in Uttar Pradesh. "He climbed up a stationary train wagon loaded with ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Actor Harshvardhan Rane, who was last seen in 'The Miranda Brothers', is heaping praise on the recently released film 'Saiyaara', and its team. On Saturday, the actor took to the Stories section of his Instagram, and penned a special note for the film and its makers after it witnessed a stellar opening day. He wrote, "Another melodious example of a love story shattering all myths and formulas of the industry. Honest heart wrenching love story wins again in 2025! #Saiyaara". 'Saiyaara', which stars Aneet Padda, and marks the debut of Ahaan Panday, is helmed b ...Read More >
Mumbai, Jul 7 (PTI) Local train services on the Central Railway's Harbour line were fully restored on Monday morning, nearly 13 hours after a track relaying train (TRT) derailed near Nerul station, officials said. The TRT derailed near Nerul station at 4.20 pm on Sunday, leading to suspension of services on both the Up (towards Chhatrapati Shivaji Maharaj Terminus in south Mumbai) and Down (away from CSMT) lines between Vashi and Panvel. Thousands of commuters were left stranded during the peak evening hours. After the overnight work, the first local train from CSMT towards Panvel passed th ...Read More >
Thane, Jul 14 (PTI) A 16-year-old boy has died after suffering an electric shock while trying to make a social media reel on top of a stationary train wagon at Nerul railway station in Navi Mumbai, police said on Monday. The boy, identified as Arav Srivastava from Belapur in Navi Mumbai, went to the railway station with his friends on July 6, Vashi Government Railway Police (GRP) senior inspector Kiran Undre said. "He climbed up a stationary train wagon loaded with garbage and started preparing reel," the official said. While on top of the bogie, the boy's hands came in contact with an over ...Read More >
Navi Mumbai: In a targeted intervention to ease one of Navi Mumbai's most persistent choke points, the Navi Mumbai Municipal Corporation (NMMC) on Thursday opened a dedicated flyover arm connecting Palm Beach Road at Vashi (Sector 17) directly to the Sion-Panvel Highway, enabling a seamless exit for traffic headed towards Panvel and Pune. The 290-metre-long, 6.5-metre-wide connector, built at a cost of ₹18.32 crore over an existing storm-water drain, was inaugurated by Maharashtra forest minis ...Read More >
New Delhi: On the occasion of World Environment Day, the Federation of All India Farmer Associations (FAIFA), a non-profit uplifting the cause of millions of farmers and farm workers involved in commercial crop cultivation in states such as Uttar Pradesh, Gujarat, Maharashtra, Andhra Pradesh, Telangana, and Karnataka, organised a national seminar on the theme "Supplementing Farmer Income through Sustainable Farming Practices" at the Constitution Club of India in New Delhi. The seminar outlined a sustainable approach to leverage proven climate-resilient technologies to empower farmers. During ...Read More >
Mumbai: Hundreds of commuters were left in the lurch when a track relaying train (TRT) used during the megablock derailed near Nerul station on Central Railway's Harbour line on Sunday, leading to suspension of services on both Up (towards CSMT) and Down (away from CSMT) lines between Vashi and Panvel.A resident of Nerul stated that many commuters were stranded for almost the entire day as the services were hit during the megablock from 11am onwards and even after the block period. The inconvenie ...Read More >
A devastating fire ripped through a multi-storey residential building in Navi Mumbai early Tuesday, claiming the lives of four individuals, including a six-year-old girl. The blaze, which began on the 10th floor of Raheja Residency, quickly spread to upper levels, injuring ten others. Firefighters battled the flames for hours to bring the situation under control. Four persons were killed and 10 others suffered injuries after a fire broke out in a multi-storey residential building in Maharashtra' ...Read More >
Mumbai: With an eye on improving rail connectivity to the upcoming Navi Mumbai International Airport, suburban services on Belapur/Nerul-Uran corridor will be strengthened from Monday with the introduction of five additional pairs of trains and the commissioning of two new stations -- Targhar and Gavan -- railway officials said.The additions will take the total number of daily services on the Uran line to 50 from the existing 40, easing peak-hour congestion and improving travel options for commut ...Read More >
Local trains running between Chhatrapati Shivaji Maharaj Terminus and Panvel-Belapur and Thane and Panvel will be cancelled; special train services will operate between CSMT and Vashi, Thane and Vashi/Nerul, and Belapur/Nerul. The Central Railway has declared a mega block between Vidyavihar and Thane and between Panvel and Vashi on Sunday due to routine maintenance of tracks and signalling systems before monsoon. At the same time, the Western Railway will be conducting maintenance between Church ...Read More >
Navi Mumbai: As part of the ongoing 'Adopt Cleanliness - Eliminate Disease' campaign, Navi Mumbai Municipal Corporation (NMMC) intensified its action against single-use plastic. Raids conducted across various locations led to the collection of Rs 40,000 in fines from eight commercial establishments and the seizure of 8.5 kg of banned plastic materials, primarily plastic bags. In the Belapur ward, five shopkeepers were penalized Rs 25,000 collectively, and 4 kg of plastic was seized. In the Nerul area, two vendors were fined Rs 5,000 each, with a total of 1.5 kg of plastic confiscated. The Vas ...Read More >
Navi Mumbai, April 4: Marking Autism Awareness Month in April, the 7th edition of Run for Autism will be held in Navi Mumbai for the first time on April 5, with over 250 participants already registered. The event is being organised jointly by the Forum for Autism and Sunshine School to promote awareness and inclusion. Participants will include children and young adults with autism, along with their parents, teachers and well-wishers, with the youngest participants typically being around six years old. The run will be flagged off by Varun Sawant, a 26-year-old and Asia's first autistic full m ...Read More >
New Delhi, Aug 28 (PTI) Navi Mumbai has nearly 24 million square feet of prime office spaces, accounting for 20 per cent of the total supply in the Mumbai Metropolitan Region (MMR), according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield (C&W) on Thursday released a report, 'Navi Mumbai - The Next Growth Corridor', highlighting that the occupancy level is also high at 87 per cent. The consultant noted that Navi Mumbai is emerging as an important office destination in the MMR on the back of infrastructure development, cost advantages, and access to talent. Gautam Saraf, ...Read More >
Navi Mumbai, April 1: The Navi Mumbai Municipal Corporation (NMMC) has recorded its highest-ever property tax collection of Rs 876 crore in the financial year 2025-26, due to strong taxpayer response, an amnesty scheme, and a technology-led recovery campaign. Record collection and amnesty scheme The record collection, achieved between April 1, 2025 and March 31, 2026, marks the highest annual recovery since the civic body's inception. Officials said the surge was aided by the 'Abhay Yojana' implemented from March 10 to March 31, offering a 50% waiver on late payment penalties, along with sus ...Read More >
Navi Mumbai: The Navi Mumbai Municipal Corporation (NMMC) carried out a major crackdown at Sector 44A, Nerul, where an illegal lodging and boarding facility -- Out Stay Hotel and Apartment -- was found operating without necessary permissions. The establishment, spread across plots 5 to 9, was sealed on Wednesday following directives from Municipal Commissioner Dr. Kailas Shinde. The action was executed under the supervision of Additional Commissioner Dr. Rahul Gethe, with the involvement of Belapur Ward Officer Dr. Amol Palve and Licensing Department Assistant Commissioner Shilpa Deshpande. T ...Read More >