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, Aug 19 (PTI) More than 500 passengers were rescued on Tuesday evening after two overcrowded Monorail trains on elevated tracks got stuck between stations in Mumbai on a day of torrential rains, with over a dozen passengers complaining of suffocation, officials said. The rescue operation was over after almost four hours, they said, adding that overcrowding and power supply failure led to the snags. One of the Monorail trains was stuck between Mysore Colony and Bhakti Park, and cranes had to be deployed to rescue more than 400 passengers traveling in it. Over a hundred were evacuated from another Monorail train which was successfully towed back to the nearby Wadala station, officials said. The two Monorail trains were carrying many more passengers than the capacity after the services of local trains were suspended owing to the heavy downpour, officials said. Panic prevailed in the Monorail train which got stuck between Mysore Colony and Bhakti Park stations around 6.15 pm. Fifteen passengers complained of suffocation as the electricity and AC systems shut down. While 14 of them were discharged after treatment on the spot, a girl was admitted to hospital and her condition was stable, officials said. The passengers who were rescued said panic prevailed inside the train stuck between Mysore Colony and Bhakti Park. The fire brigade deployed snorkel cranes to rescue the passengers. Nobody should panic as everyone would be evacuated safely, Maharashtra Chief Minister Devendra Fadnavis said in a post on X, adding that an inquiry will be conducted into the incident. "Due to some technical reason, a Monorail is stuck between Chembur and Bhakti Park. MMRDA (Mumbai Metropolitan Region Development Authority), the fire brigade, and the municipal corporation, all agencies have reached the spot. The highest priority is being given to the safety of all passengers," Fadnavis posted on X. The train came to a halt at around 6.15 pm and it was an hour before the rescue operation began, passengers said. It had suffered "a minor power supply issue", Mumbai Monorail said in an initial press statement. "People were stranded at various stations due to the rains. More people than the carrying capacity of the Monorail trains boarded," said MMRDA joint commissioner Astik Kumar Pandey. Narendra Kumar Mishra, a rescued passenger, told PTI that Monorail officials should have regulated the number of passengers boarding the train. "I was stuck in the Monorail for almost one hour and 45 minutes. People were scared as there was no communication from the authorities. Some were struggling to breathe, and tried to break the window. A couple of passengers fainted," said one passenger after he was rescued. A woman passenger said there was no air conditioning and electricity inside. "As the local services on the harbour line were shut due to the heavy rains, we took Monorail, and went through this ordeal," said another passenger. Mumbai has been battered by rains for the last two days, throwing normal life in the metropolis out of gear. PTI KK DC MR KRK
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present. Since it is an OFS, the company will not receive any proceeds from the IPO. In its draft papers ...Read More >
Mumbai (Maharashtra) [India], January 22 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde called the Pushpak Express accident "unfortunate" and said that he has spoken with the collector and officials over the same. "The Jalgaon incident is very unfortunate. I have collected details on it. I have spoken with the collector and officers. The injured have been admitted to the hospital. A rescue operation is underway at the spot. The government is providing all help to everyone," said the deputy CM. Notably, the death toll in the Jalgaon train accident has risen to 11, with six others inju ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
Traffic Diversions for oath-taking: The swearing-in ceremony of the new Maharashtra Chief Minister will be held at Azad Maidan in South Mumbai tomorrow, December 5. Mumbai Traffic Police has issued an advisory in view of the event. The traffic diversions will remain in place from 12 PM tomorrow till the end of the programme. Devendra Fadnavis was on Wednesday unanimously elected as Maharashtra BJP legislature party's leader, paving the way for his swearing-in as the chief minister for a third time. Prime Minister Narendra Modi and other BJP leaders are set to attend the grand swearing-in cerem ...Read More >
Mumbai: The death toll in Monday's BEST bus crash rose to seven and the number of injured to 42 even as the driver, Sanjay More, booked for culpable homicide not amounting to murder, claimed he had noticed a spark and mistakenly accelerated the bus instead of applying brakes. Seeking More's custody, police said they want to investigate if he intentionally used the vehicle as a weapon. The bus on Route 332 had accelerated on a congested 200m stretch near Kurla station hitting vehicles and pedestr ...Read More >
Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Thursday dismissed Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav's statement about keeping alliance doors open for Bihar Chief Minister Nitish Kumar. Calling it a mere fantasy, Fadnavis said, "The dreams of Lalu Yadav will always remain dreams (Mungeri Lal ke Haseen Sapne hi rahenge). They will never be fulfilled." This reaction came after Lalu Yadav expressed his willingness to welcome Nitish Kumar back into the opposition fold, while Union Minister and JDU leader Lallan Singh reiterated the party's commitment to the National Dem ...Read More >
Mumbai: Shiv Sena (UBT) leader Sanjay Raut on Tuesday claimed that caretaker Maharashtra Chief Minister Eknath Shinde was sulking and throwing tantrums at BJP leader Devendra Fadnavis with the backing of the "superpower in Delhi", an apparent reference to BJP's top brass. Talking to reporters in New Delhi, Raut described the delay in the formation of a government in Maharashtra as anarchic. He said it has been more than 10 days since the assembly election results were declared, but no party or alliance which has got a complete majority, has either staked claim to form the government or has gi ...Read More >
Maharashra: Devendra Fadnavis, Eknath Shinde, Ajit Pawar stake claim to form govt, swearing-in to be held tomorrow BJP leader Devendra Fadnavis, Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met Governor CP Radhakrishnan to stake claim to form the.. DNA 21 hours ago Eknath Shinde Resigns as Maharashtra CM, Speculation Over Mahayuti Alliance's Next Leadership Choice Eknath Shinde has stepped down as the Chief Minister of Maharashtra following the Mahayuti alliance's resounding victory in the assembly elections. Shinde submitted his resignation to Governor C P Radhakris ...Read More >
Nagpur, Dec 15 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday slammed the opposition parties, accusing them of not believing in the Constitution. Fadnavis landed in Nagpur to a grand welcome from party workers and people. Talking to reporters at Nagpur airport, Fadnavis said, "It is a joyous moment that after becoming the chief minister, I have come to my janmabhoomi and karmabhoomi (birthplace and workplace). Nagpur is my family, and it is welcome by my family." Fadnavis took oath as the chief minister for the third time on December 5 after the Mahayuti combine swept the Novem ...Read More >
Jalgaon (Maharashtra) [India], January 22 (ANI): Maharashtra Chief Minister Devendra Fadnavis announced Rs 5 lakh ex gratia to the families of the victims who died in the Jalgaon train accident on Wednesday. The state government will also bear all the medical expenses of the injured, the CM said. Atleast 11 people have died and 6 others injured after Karnataka Express hit passengers in the Jalgaon district of Maharashtra. Also Read | 'Deeply Distressing': Maharashtra CM Devendra Fadnavis Mourns Loss of Lives After 8 Killed, Several Injured in Jalgaon Train Tragedy. The passengers of the Pus ...Read More >
Sambhal (UP), Dec 15 (PTI) Weeks after violent clashes over a court-ordered survey of the Shahi Jama Masjid claimed four lives, the district administration has launched a campaign against encroachments and illegal power theft in the area around the historic mosque. As part of its efforts, the administration began removing encroachments from the area on Sunday morning. According to Additional Superintendent of Police (ASP) Shrish Chandra, the focus is on clearing drains outside houses and shops in the area under the Nakhasa police station. The area is close to the residence of Samajwadi Part ...Read More >
Thane, Dec 26 (VOICE) A couple has been arrested in connection with the abduction, rape and murder of a 13-year-old girl in Maharashtra's Thane district. Coming barely after the Badlapur sexual assault on two nursery class girls in August, this is the second case that has sparked outrage with people demanding the noose for the alleged perpetrators - Vishal Gawli, 35 and his wife Sakshi Gawli, 25. Vishal Gawli is accused of kidnapping the girl from near her home, where she was playing on Monday, taking her to his house, assaulting, raping, killing and then dumping her body near a cemetery in ...Read More >
Mumbai (Maharashtra) [India], February 7 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Friday rejected Leader of Opposition and Congress leader Rahul Gandhi's allegation of alleged discrepancies in the 2024 Maharashtra assembly election stating that the Opposition leader, aware of his party's imminent defeat in Delhi election results was attempting to "cover fire." Earlier today addressing a press conference in the national capital Rahul Gandhi flanked by Supriya Sule and Sanjay Raut had alleged that over 39 lakh voters were added to Maharashtra's electoral rolls within a span of fiv ...Read More >
A private school in Rohini, Delhi, received a bomb threat via email on Friday, just a day after a blast in Prashant Vihar. The school promptly alerted the police, and a team from the Delhi Fire Services, along with the bomb disposal and dog squads, conducted a thorough search of the premises. No suspicious items were found, and the threat was declared a hoax. Despite this, the police have registered the statement from the school authorities and are investigating the matter. The swift response ensured the safety of students and staff. ...Read More >
Mumbai: Shiv Sena leader Uday Samant on Thursday said no MLA from the party will accept any responsibility in the new Maharashtra government if Eknath Shinde does not take oath as deputy chief minister. Talking to reporters hours ahead of the swearing-in ceremony, Samant also said no MLA from the Shiv Sena has the intention to become deputy CM and the post should be occupied only by Shinde. Shiv Sena head Eknath Shinde, who served as chief minister in the outgoing government, has indicated that he is reluctant to join the new government as deputy CM. BJP Legislature Party Leader Devendra Fa ...Read More >
Mumbai, Dec 5 (PTI) BJP legislature party leader Devendra Fadnavis will be sworn-in as the new chief minister of Maharashtra on Thursday evening at a grand ceremony here to be attended by Prime Minister Narendra Modi and several other dignitaries. Fadnavis, who would be occupying the CM's post for the third time, along with two deputy chief ministers will take the oath of office, BJP leader Sudhir Mungantiwar told reporters, adding that other members of the cabinet will take oath later. Nationalist Congress Party chief Ajit Pawar and Shiv Sena chief Eknath Shinde are expected to take oath as ...Read More >
Mumbai, Dec 12 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Thursday said the government promptly made an arrest after a replica of the Constitution was damaged in Parbhani, yet violent protests took place which was unacceptable. The accused, who allegedly damaged the replica, was a mentally unstable man, Fadnavis told reporters in Delhi. A bandh was called on Wednesday after the glass-encased replica of the Constitution near Dr B R Ambedkar's statue outside the Parbhani railway station was found damaged the previous evening. But the shut-down took a violent turn when a mob indulged ...Read More >
Mumbai, Dec 17 (PTI) Senior NCP leader Chhagan Bhujbal on Tuesday launched a veiled attack on party president Ajit Pawar over his exclusion from the new council of ministers, claiming Maharashtra Chief Minister Devendra Fadnavis was in favour of his induction in the cabinet. He said Ajit Pawar, the NCP president, makes decisions for the party like Fadnavis for the BJP and Eknath Shinde for the Shiv Sena. Amid speculation over his "Jahan nahi chaina, wahan nahi rehna" remark a day before, Bhujbal said he would speak on Wednesday after discussing with NCP workers and people from the Yeola cons ...Read More >
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Also Read | Ladki Bahin Yojana January 2025 Instalment Date: When Will Women Beneficiaries Receive INR 1,500 in Maharashtra?. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent sta ...Read More >
Jalgaon (Maharashtra) [India], January 22 (ANI): Maharashtra Chief Minister Devendra Fadnavis announced Rs 5 lakh ex gratia to the families of the victims who died in the Jalgaon train accident on Wednesday. The state government will also bear all the medical expenses of the injured, the CM said. Atleast 11 people have died and 6 others injured after Karnataka Express hit passengers in the Jalgaon district of Maharashtra. The passengers of the Pushpak Express had stepped outside their coaches due to a suspected fire on the train, and while outside the Karnataka Express passed through the adj ...Read More >
Mumbai: The Brihanmumbai Municipal Corporation (BMC), considered the richest civic body in the country, tabled its budget of Rs 74,427 crore for 2025-26 at its headquarters in Mumbai on Tuesday. The additional municipal commissioners presented the budget to BMC commissioner Bhushan Gagrani, the state-appointed administrator. BMC is currently run by an administrator since the term of the corporators ended on March 7, 2022. This is the third year of the budget being presented to the administrator, in deviation from the norm where the municipal commissioner presents the budget to the standing co ...Read More >
Mumbai, Dec 3 (PTI) Maharashtra's caretaker Chief Minister Eknath Shinde on Tuesday visited a private hospital in Thane for a "check-up," two days before a new CM is sworn in at an open ground ceremony in south Mumbai. Even as it is not known yet who would take oath as chief minister at Azad Maidan on the evening of December 5, preparations are in full swing for the ceremony, to be attended by Prime Minister Narendra Modi, about 2,000 VVIPs and some 40,000 supporters. Shinde, who had been staying at his private residence in Thane for the last few days, visited the hospital in the morning. "I ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Mumbai: Outgoing Maharashtra Chief Minister Eknath Shinde in a media briefing at Mahayuti meet on Wednesday avoided questions about whether he would accept the Deputy Chief Minister position in the new government. Shinde made a witty remark at Ajit Pawar and laughed aloud while cracking the joke. When asked if he and NCP chief Ajit Pawar will also take oath as Deputy CMs tomorrow, Shiv Sena chief Eknath Shinde said, "Wait till evening..." In response, NCP chief Ajit Pawar remarked, "Sham tak unka samaj aayega, I will take it (oath), I will not wait." Responding to NCP chief Pawar, Shinde sa ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Bharatiya Janata Pary (BJP) leader Devendra Fadnavis said on Wednesday that Maharashtra Governor CP Radhakrishnan has invited the Mahayuti alliance to form the next government and the oath taking ceremony will take place tomorrow. Fadnavis said the Mahayuti leaders met the Governor and handed over letters of support. Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State's Winter Capital. Fadnavis along with Shiv Sena chief Eknath Shinde and NCP chief Ajit Pawar on Wednesday met ...Read More >
Srinagar, Dec 4 (PTI) Security forces continued their search for militants in the Dachigam forest here on Wednesday, a day after a Lashkar-e-Taiba terrorist was killed in an encounter in the area, officials said. According to officials, the security forces halted their search on Tuesday night but maintained a tight cordon in the area. The search for militants in the vast mountainous and forest area of Dachigam resumed in the morning, they said. Also Read | ISRO PROBA-3 Mission Launch Delayed: Indian Space Agency Reschedules Launch of PSLV-C59 After Detecting 'Anomaly'. "The search operation ...Read More >
Mumbai: Bringing an end to the 10-day-long nail-biting haul since the Mahayuti's win in the Maharashtra elections, Devendra Fadnavis (54) will be sworn in as Chief Minister at Mumbai's historic Azad Maidan at 5.30 pm on Thursday, December 5. His swearing-in comes a day after he was elected leader of the Bharatiya Janata Party's (BJP) legislative party unit in the presence of party supremos. Devendra Fadnavis was born on July 22, 1970. His father, Gangadharrao Fadnavis, was a member of the Maharashtra Legislative Council from Nagpur, and his mother, Sarita Fadnavis, was a former director of th ...Read More >
New Delhi, Feb 3 (PTI) The BJP on Monday assailed the AAP government over water "crisis" in south west Delhi's Bijwasan, highlighting the water pipes being supplied to the homes of the locals through electric poles and influence of water mafia in the area. BJP national spokesperson Sambit Patra during his visit to Bijwasan said there was severe water crisis in the area and the tangled web of pipes of water on the electricity poles expose the 10 year "misrule" of the AAP. "I have travelled across India and many cities around the world but this sight of water flowing through pipes hanging from ...Read More >
New Delhi, Feb 3 (PTI) As the Delhi Assembly polls draw closer, AAP leader Satyendar Jain has said the people must decide whether they want to follow the governance model of developed nations like Sweden and France or end up like "failed states" such as Pakistan and Uganda. In an interview with PTI ahead of the Delhi Assembly elections, Jain defended the AAP's welfare-driven policies, arguing that free healthcare, education and basic utilities are essential for national progress. "If we are wrong in providing free welfare schemes, then developed countries like Sweden, France and Denmark are ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Sing ...Read More >