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.
Bengaluru: A Bengaluru metro security guard had a close save at the Ragigudda station, after he fell onto the metro tracks. He quickly climbed back, along with the help of a commuter waiting at the station. The incident which was caught on camera - occurred on the newly launched Yellow Line of the Bengaluru metro. The guard was deployed at platform number two of the Ragigudda metro station, when he slipped and fell on the electrified train track, reported The Hindu. A close look at the security guard reveals that he was walking on the platform when he reached the edge of the platform without realising and fell down. Another security guard stationed at platform number 1 quickly activated the Emergency Trip Switch (ETS), shutting down power to the track. Following the scary incident, the guard was relieved from duty, and an internal inquiry has been initiated to determine how such extended shifts were allowed. The station manager has also been questioned regarding the issue. "Platform screen doors must be compulsory. Why cost cut here??" commented one user. "Why is BMRCL so ignorant to install safety barricades?" wrote another user. "I wonder why no platform gates have been installed. Every new metro corridor has them," questioned a third person. Recently, BMRCL installed new safety barricades at R.V. Road interchange station to manage the surge in passengers on the recently launched Yellow Line. With this, RV Road is now the second metro station in India's Silicon Valley, after Majestic, to be equipped with such railings to prevent accidental falls onto the tracks.
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
Bengaluru: In a significant milestone for Bengaluru's public transport system, the Bengaluru Metro Rail Corporation Limited (BMRCL) registered its highest-ever single-day ridership on June 4, with a record 9,66,732 commuters utilizing Namma Metro services. The achievement highlights the growing reliance on the metro as the city's primary mode of travel. The surge in passenger numbers was witnessed across various metro lines, with Line 1 accounting for 4,78,334 commuters and Line 2 seeing a ridership of 2,84,674. The Kempegowda Interchange Station (KGWA) at Majestic, one of the city's busiest ...Read More >
Mumbai: Eleven years after its launch, Mumbai's first metro corridor (Versova-Andheri-Ghatkopar) could soon see longer trains, which would bring much-needed relief to hundreds of thousands of commuters who frequently experience excess crowding on the route during peak hours. On a day when overcrowding was reported at the Ghatkopar and Andheri metro stations due to a technical failure in one of the trains, Mumbai Metro One Private Limited (MMOPL) said it plans to procure additional coaches. The length of its trains could increase from four cars to six cars if the proposal is approved, official ...Read More >
BALASORE: In a heart-wrenching incident, a man was forced to carry his 17-year-old daughter's body on a trolley rickshaw for around 7 km to a community health centre in Balasore's Baliapal for postmortem after reportedly failing to afford an ambulance. Asha Bindhani, a minor girl suffering from mental illness, reportedly died by suicide on Thursday afternoon in Deula village under Baliapal police limits. After spotting her, locals informed her father Madhu Bindhani and the police. Madhu, a daily wage labourer, rushed to the spot and found his daughter dead. Shortly after, police arrived and ...Read More >
Kolkata: Commute in Kolkata changed forever on Monday, the first weekday since Metro Green Line between Salt Lake Sector V and Howrah Maidan became fully operational on Friday evening. Several thousand people, who used buses and autos to travel to their workplace and back, switched to metro. Such was the rush that trains on both the Green and Blue Lines were thrown out of gear. Closing the train and platform screen doors at Mahakaran Station proved a challenge on Monday evening, holding up trains on Green Line.As more people become familiar with the network, Metro expects a further surge in tr ...Read More >
Bengaluru, Oct 31 (PTI) On the occasion of the 70th Karnataka Rajyotsava celebrations, the BMRCL on Friday announced that a fifth metro train will be inducted into commercial service on the Yellow Line from November 1. With the addition of this train, the frequency of services on the Yellow Line during peak hours will improve to every 15 minutes, compared to the current 19-minute interval, it said. "This improvement will help provide smoother and more reliable service to commuters with reduced waiting times. This change will be effective on all days," Bangalore Metro Rail Corporation Limited ...Read More >
New Delhi, Jul 18 (PTI) A 52-year-old security guard drowned in a water tank at a government school in north Delhi's Inderlok area, police said on Friday. The incident was reported around 11 pm on Thursday when a PCR call was received informing that a man, identified as Dharmender, had drowned in the water tank of a school, an official said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. Dharmender was rushed to Deep Chand Bandhu Hospital in Ashok Vihar where doctors declared him dead, he said. "Dharmender had been working as ...Read More >
Mumbai Metro Rail Corporation (MMRC) has introduced WhatsApp-based ticketing for its Aqua Line (Metro Line 3). Commuters can now generate QR tickets instantly by sending 'Hi' to a designated number or scanning station QR codes. This initiative aims to provide seamless, efficient, and sustainable travel, eliminating paper tickets and supporting multiple payment options. The Mumbai Metro Rail Corporation (MMRC) has launched Whatsapp-based ticketing for commuters of Metro Line 3, also known as Aqua ...Read More >
Bangalore MP Tejasvi Surya is upset. The Yellow Line metro, which is very important, is still not open. It was supposed to open a long time ago but got delayed many times. People in Bangalore have big traffic problems every day, especially in places like Silk Board and the IT area. The Yellow Line would help reduce this traffic. Because of the delays, people are frustrated and feel ignored. They want the metro company (BMRCL) to open the Yellow Line now. To show this, many people will meet at Lalbagh Main Gate on Saturday, July 5, at 9:30 AM. Then, they will walk to the BMRCL office to ask ...Read More >
Bengaluru (Karnataka) [India], August 3 (ANI): Prime Minister Narendra Modi will visit Bengaluru to inaugurate the long-awaited yellow line metro, and also lay the foundation stone for the Phase 3 metro, Bharatiya Janata Party MP Tejasvi Surya said on Sunday. Hailing it as a landmark moment, the BJP MP posted on X, PM Narendra Modi visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South. He will not only inaugurate the long-awaited Yellow Line Metro operations but also lay the foundation stone for Metro Phase 3 - a project that received Cabinet approval within the first ...Read More >
Bengaluru: After steeply hiking Namma Metro fares by up to 71 per cent in Feb -- making it the most expensive Metro in the country -- Bangalore Metro Rail Corporation Ltd (BMRCL) may now make fare hikes a yearly affair. In Feb, accepting a report submitted by the fare fixation committee (FFC), BMRCL raised fares with a base price of Rs 10 and a maximum fare of Rs 90. The committee also recommended implementing an annual automatic fare revision formula to maintain financial stability. The committee suggested until the next FFC is formed, BMRCL should increase Metro fares annually by 5 per cent. ...Read More >
Bengaluru: After facing roadblocks several times, Bengaluru's much-waited Namma Metro Yellow Line is all set to begin operations on January 6. Once operational, the metro line that connects RV Road to Bommasandra will be a crucial addition to the city's metro network as it links Electronics City, a hub for major companies like Infosys and Biocon. Confirming the updates, Lok Sabha MP from Bengaluru South Tejasvi Surya on Thursday said that the first train is ready and will be dispatched to Bengaluru in the first week of January. "We now have the first train ready to be dispatched to Bengaluru ...Read More >
New Delhi, Jan 27 (UNI) Aam Aadmi Party (AAP) has released its manifesto for the next month Assembly election with 15 guarantees, including employment and the women's dignity scheme. While releasing the manifesto on Monday, AAP's national convener and former Chief Minister Arvind Kejriwal said, "Kejriwal's guarantees are solid," emphasising that free electricity for 24 hours, free water, free education, free pilgrimage for senior citizens, free bus travel for women, and free medical treatment in hospitals and Mohalla Clinics will continue in Delhi. He alleged, "BJP leaders and spokespersons ...Read More >
New norms to avoid another Bengaluru stampede, said Home Minister G Parameshwara. Bengaluru: Karnataka government will formulate a new Standard Operating Procedure (SOP) for mega events, meetings and celebrations aimed at preventing any untoward incidents, state Home Minister G Parameshwara said on Thursday. The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium here on Wednesday that claimed 11 lives. Speaking to reporters, Mr Parameshwara said that the governm ...Read More >
Bengaluru News: A video has gone viral on the social media platforms in which the commuters can be seen jumping over the token entry gate at one of Bengaluru's metro stations. The video was reportedly recorded on June 4, the same day 11 people died and several got injured due to a stampede outside the Chinnaswamy stadium during victory celebrations of the IPL team Royal Challengers Bengaluru (RCB). The Bengaluru Metro Rail Corporation Limited (BMRCL) stated that the video was recorded at the Majestic interchange metro station. ...Read More >
BENGALURU: Bengaluru South MP Tejasvi Surya has moved the Karnataka High Court against the state government and Bangalore Metro Rail Corporation Ltd (BMRCL), accusing them of "suppressing" the Metro Fare Fixation Committee (FFC) report that recommended a significant fare increase. Surya stated on Sunday that his writ petition is scheduled for hearing on Monday. Calling the government's actions "arbitrary and opaque", Surya questioned the decision to keep the FFC report confidential. He criticised the committee for making broad recommendations and going on international study tours funded by t ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Bengaluru: The long-awaited inauguration of the Namma Metro Yellow Line is finally set to become a reality. Prime Minister Narendra Modi will visit Bengaluru on August 10 to officially inaugurate the Yellow Line, fulfilling a long-pending dream of residents in the city's southern region. On the same occasion, PM Modi is also expected to lay the foundation stone for the ambitious Phase-3 metro project. Recently, the Commissioner of Railway Safety granted clearance for operations on the Yellow Line, clearing the final hurdle for the launch. The Yellow Line spans 19.15 kilometers from RV Road t ...Read More >
In the 2024-25 budget presented by Karnataka Chief Minister Siddaramaiah, the Government announced a feasibility study to extend the metro rail line from Madavara to Tumakuru. The Karnataka Government has accepted a feasibility study report on the proposed extension of Bengaluru Metro services to Tumakuru, Home Minister G Parameshwara said on Monday, adding that the project would become a reality soon. Speaking at a news conference in Tumakuru, Parameshwara said, "Bengaluru Metro Rail Corporati ...Read More >
Officials said the maintenance work will be carried out between Vijayanagar and Attiguppe stations. So metro operations will not run on this section during the scheduled time slot. A temporary disruption in metro services is expected in Bengaluru this Sunday morning, which may impact early commuters and those planning weekend travel across the city. The interruption is linked to scheduled maintenance work, and authorities have advised passengers to plan their journeys accordingly. According to ...Read More >
Ahmedabad: Infocity police in Gandhinagar registered a theft case on Wednesday after materials worth Rs 3.81 lakh were stolen from the GNLU metro station at Koba village. This was the third theft reported on the Ahmedabad-Gandhinagar metro rail network in the past two weeks.Ravindrasinh Bihola, a 27-year-old security guard, filed the FIR with Infocity police. He stated that he was posted at the GNLU metro station for the past three months. He was on night duty from 8 pm to 8 am. According to his complaint, the theft occurred during the intervening night of May 30 and May 31.Bihola said that th ...Read More >
Bengaluru: The Karnataka High Court on Monday ordered notice to the Central and state govts, as well as the Bangalore Metro Railway Corporation Limited (BMRCL), in response to a petition filed by LS Tejasvi Surya, BJP MP for the Bengaluru South constituency. The petitioner sought a direction to BMRCL to immediately publish or release the report of the Fare Fixation Committee (FFC) headed by Justice (retd) R Tharani.Counsel for the petitioner submitted that three representations were given seeking the release of the report in Dec 2024. Pursuant to this, BMRCL came up with a revised fare. "The m ...Read More >
Bengaluru: A delegation led by chief minister Siddaramaiah, his deputy DK Shivakumar and some cabinet colleagues met Union defence minister Rajnath Singh Wednesday and sought central support for a wide range of proposals -- from setting up two defence industrial corridors and securing defence land for major infrastructure work in Bengaluru, to hosting an Indian Air Force (IAF) air show during this year's Mysuru Dasara celebrations.In a letter to Singh, Siddaramaiah urged the Centre to establish a defence industrial corridor each in North and South Karnataka, like those announced in Uttar Prade ...Read More >
BENGALURU: Namma Metro's Yellow Line has finally received the much-awaited Independent Safety Assessment (ISA) report, which now allows the Bangalore Metro Rail Corporation Ltd (BMRCL) to call for a Commissioner of Metro Railway Safety (CMRS) inspection. The certification was issued by an Italian state-run agency in collaboration with Siemens India Ltd-Siemens AG, the signalling contractor for the Yellow Line, on Thursday. The ISA report was delayed due to technical glitches discovered during the review of key datasets, which required software updates. Without this report, the BMRCL could no ...Read More >
BJP leader Tejasvi Surya on Sunday announced that Prime Minister Narendra Modi will inaugurate the Yellow Line Metro Rail on August 10. In a post on 'X', the Bengaluru South MP said, "PM Sri @narendramodi Ji will inaugurate the all important Yellow Line metro on August 10. On behalf of all people of Bengaluru, I thank PM for always prioritising infrastructure development of our city." The Yellow Line is expected to benefit nearly eight lakh commuters and ease traffic congestion in key areas, inc ...Read More >
Kolkata: On Monday, Metro Railway added 22 additional services to the Blue Line, anticipating a surge in traffic following its integration with a fully operational Green Line. This meant increased frequency, with the gap between trains during peak hours reduced from 6 minutes to 5. However, this did little to relieve commuters on the alignment, particularly for those boarding or alighting at Esplanade station. It felt like Durga Puja on Monday, nearly a month ahead of the festival, when even getting a toehold is a challenge in metro coaches. The Green Line interfaces with the North-South or Bl ...Read More >
Bengaluru: Namma Metro has slipped to third place in terms of operational network length, losing its position as the country's second-largest system to Mumbai Metro.The shift comes after Mumbai Metro commissioned new corridors, including the Dahisar-Kashigaon stretch and the first section of Line 2B (Mandale to Diamond Garden), extending connectivity to Thane district and linking the eastern suburbs.With the addition of roughly 10 km, Mumbai's operational network has now crossed the 100-km mark, trailing only the Delhi Metro, which remains the largest in the country with 416 km and 303 station ...Read More >
Bengaluru (Karnataka) [India], August 3 (ANI): Prime Minister Narendra Modi will visit Bengaluru to inaugurate the "long-awaited" yellow line metro, and also lay the foundation stone for the Phase 3 metro, Bharatiya Janata Party MP Tejasvi Surya said on Sunday. Hailing it as a 'landmark moment,' the BJP MP posted on X, "PM Narendra Modi's visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South. He will not only inaugurate the long-awaited Yellow Line Metro operations but also lay the foundation stone for Metro Phase 3 - a project that received Cabinet approval within the ...Read More >
LUCKNOW: In a major crackdown, the Lucknow police tracked a rape accused, Deepak Verma, 24, and neutralised him in an encounter near the Sugarcane Institute in the Devi Kheda area on the outskirts of the state capital early Friday morning. Deepak, who had allegedly raped a two-and-a-half-year-old girl under the Alambagh metro station just hours earlier, was gunned down after he opened fire on a police team that had zeroed in on him. He sustained two bullet injuries in the chest and later died during treatment. The heinous crime occurred in the early hours of Friday when the accused allegedly ...Read More >
Bengaluru: Bangalore South MP Tejasvi Surya said Sunday he has sought a 30-minute meeting with deputy chief minister DK Shivakumar to present an alternative urban mobility plan for the city, countering the govt's proposal for a tunnel road.He added that Bengaluru's civic issues required cooperation, not confrontation. "Bengaluru will not benefit from an ego clash. What we need is a comprehensive mobility plan that reduces private vehicles and boosts public transport," he said, adding that if the DCM could prove the tunnel's viability, he would reconsider his stance.Speaking at Kittur Rani Chen ...Read More >