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: Mumbai Metro 3, the city's Aqua Line announced revised service timings on Sunday night, offering an earlier start for commuters beginning Monday, September 15. In a late-night post on X, the Metro authority said the first trains from both terminal stations, Aarey JVLR and Acharya Atre Chowk, will now depart at 5:55 am instead of 6:30 am. The last service will continue to leave at 10:30 pm. The move is aimed at improving travel efficiency and easing morning rush-hour demand. Aqua Line Could Be Fully Operational By Dussehra While the revised schedule provides immediate relief to early commuters, a bigger milestone is on the horizon. Authorities have indicated that the full 33.5-km underground Aqua Line could open by Dussehra, finally delivering long-awaited seamless connectivity between Colaba in South Mumbai and Aarey in the suburbs. The Commissioner of Metro Railway Safety (CMRS) carried out a preliminary inspection of the final phase, stretching from Worli to Cuffe Parade, on Friday. Officials confirmed that the inspection report would be submitted next week. Following this, the CMRS is expected to return for a final safety review of the 10.99-km pending stretch. If approvals are granted, the entire corridor could be commissioned by late September or early October. A senior Mumbai Metro Rail Corporation (MMRC) official said any recommendations from the initial inspection would be addressed swiftly before the final review. At present, services are operational on the 22.46-km stretch between Aarey and Acharya Atre Chowk in Worli. Trial runs have been ongoing since April on the final section extending up to Cuffe Parade. Once this phase is cleared, Metro-3 will add 11 more stations and become fully functional. The complete line is expected to transform commuting patterns in Mumbai. Passengers will be able to travel directly from Colaba to Worli, Santacruz, the airport, and Aarey, majorly cutting travel time and reducing dependence on overcrowded local trains. Currently, those heading to Colaba must disembark at Churchgate or CSMT and continue by road. The new service promises a smooth, end-to-end ride, bridging previously unconnected parts of the city.
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to the allegations to NCW officials. Officials said further steps will be considered after reviewing his ...Read More >
Mumbai: Responding to growing ridership and rush-hour demand, Maha Mumbai Metro Operation Corporation Ltd (MMMOCL) has increased services on Metro Lines 2A and 7 by adding 21 new trips, taking the total daily count to 305.The move follows a record ridership of 3.01 lakh on July 8. To support the enhanced frequency, the corporation has inducted three additional rakes, raising the total from 21 to 24.With the revised schedule, peak hour headway has been reduced to 5 minutes 50 seconds, offering smoother connectivity for commuters between the western suburbs and the Andheri interchange. Non-peak ...Read More >
Mumbai: The health of Maratha quota activist Manoj Jarange-Patil worsened on Monday as his indefinite hunger strike at Azad Maidan entered its fourth day. Having given up water since morning, his blood pressure dropped to 90/60 mm Hg and his blood sugar level was recorded at 85 mg/dl, leaving him weak and under close medical supervision. Medical Team Monitors Situation Closely A four-member medical team led by Dr. Ajay Chandanwale, Director of the Directorate of Medical Education and Research, examined him at the protest site and submitted a report to Chief Minister Devendra Fadnavis. While ...Read More >
MUMBAI: The Mumbai Metro Rail Corporation Limited (MMRCL)'s decision to sell a 4.16-acre plot at Nariman Point to the Reserve Bank of India for ₹3,472 crore is in the eye of a storm. The Congress has demanded that the deal be cancelled, alleging that the state government went back on its promise to reinstate the political party offices that were on the plot before the land was taken over for the Metro 3 project. It has also alleged that the deal has led to a loss of around ₹1,800 crore for MMRCL, as the prime property was sold without floating tenders. The plot previously housed the offices o ...Read More >
Adani Group Chairman Gautam Adani announced the construction of a new ropeway to Kedarnath Dham, aiming to simplify and enhance the safety of the pilgrimage for devotees. The portals of Kedarnath Dham are scheduled to close for winter on October 23, with Badrinath Dham's closure set for November 25. Adani Group Chairman Gautam Adani on Wednesday announced the construction of a new ropeway to Kedarnath Dham, aimed at making the pilgrimage easier and safer for devotees. He expressed pride in bein ...Read More >
MUMBAI: Congress spokesperson Sachin Sawant on Saturday launched a blistering attack on the Mahayuti government comprising BJP, Shiv Sena and NCP, accusing it of "insulting gods, deities and great icons" by allowing corporate brands to prefix the names of metro stations dedicated to them. "When did Chhatrapati Shivaji Maharaj become 'Kotak'? Has Siddhivinayak now been sold to 'Lombard'?" Sawant asked at a press conference, taking aim at what he called the BJP's new form of "corporate Hindutva". He pointed out that in the Mumbai Metro Line 3 network, Chhatrapati Shivaji Maharaj Terminus has b ...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: Mahindra Lifespaces Developers Limited (MLDL) has been selected as the preferred developer for a premium residential society redevelopment in Mulund West, Mumbai, with expected revenue of ₹1,250 crore. The project encompasses a 3.08-acre land plot with outstanding connectivity, situated 1.4 km from the forthcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. This site also provides convenient access to the Eastern Express Highway and Mulund-Airoli Bridge, advantageous for travelling to Navi Mumbai and various business areas. Mr.Vimalendra Singh, Chief Business O ...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 >
Mumbai: Peak-hour travel turned into a nightmare for thousands of Metro 1 commuters on Monday as a technical snag forced Mumbai Metro One Pvt Ltd (MMOPL) to withdraw one rake from service, triggering delays and severe overcrowding. The effect of the reduced frequency in terms of crowds was felt at key stations, especially Ghatkopar.The rake was withdrawn while on its way to Ghatkopar from Azad Nagar Metro station around 8.30 am. The trip cancellation caused around 500 additional commuters to accumulate at Ghatkopar and this backlog continued for around 45 minutes.MMOPL said, "Apart from a shor ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, notably higher than the normal 4.3 mm. Warangal's Sangem recorded the day's highest maximum temperature ...Read More >
Mumbai, Oct 8 (PTI) Prime Minister Narendra Modi on Wednesday launched the 'Mumbai One' mobile app which enables commuters to book a single QR-based digital ticket usable across Metro, Monorail, buses and local trains in the city and surrounding regions. Described as India's first integrated common mobility app, it will do away with the need for multiple paper tickets or separate bookings, officials said. The app, developed for the entire Mumbai Metropolitan Region, will be available for downloading from 5 am on Thursday, they added. Commuters, however, will not be able to book 'season' or ...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 >
In a letter to Shah, Shiv Sena (UBT) lawmaker Sanjay Raut questioned the acquisition and the Mumbai civic body's "high-speed" approvals. He claimed the land was reserved for residential purposes. Raut said the Brihanmumbai Municipal Corporation (BMC) leased the land in 1902 during the British era. He added that the Maharashtra State Co-operative Finance Corporation had 54% of the land, and four members of a family had 46%. Raut said the corporation applied for a renewal when the lease ended in 2 ...Read More >
Mumbai (Maharashtra) [India], July 10 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the Sindoor bridge, rebuilt in the place of the 150-year-old Carnac bridge in Mumbai, connecting the eastern and western corridors of South Mumbai. Speaking at the inauguration, Fadnavis said that the government decided to rename the bridge as Sindoor bridge as Carnac was a tyrannical Governor whereas the Operation Sindoor reside in the hearts of Indians. Sindoor Bridge is being inaugurated in Mumbai today in place of the damaged Carnac bridge, which was demolished... Carnac was ...Read More >
* Heavy rain caused waterlogging and traffic chaos in Mumbai on August 18 * IMD issued a red alert for extremely heavy rainfall in Mumbai on the same day * Brihanmumbai Municipal Corporation declared a holiday for all schools in the afternoon Did our AI summary help? Let us know. Switch To Beeps Mode Mumbai Rain Alert: Heavy rain battered parts of Mumbai on Monday (August 18), with the city struggling with waterlogging in several areas and traffic chaos. The India Meteorological Department ...Read More >
The Reserve Bank of India (RBI) has acquired a 4.61-acre land parcel in Nariman Point from MMRCL for Rs 3,472 crore, marking a significant real estate deal. This strategic acquisition, near key government and corporate offices, will expand RBI's presence in Mumbai. MMRCL aims to monetize land parcels to support Mumbai's metro expansion. The Reserve Bank of India (RBI) has acquired a 4.61-acre land parcel at Nariman Point in South Mumbai from the Mumbai Metro Rail Corporation Ltd (MMRCL) for Rs 3 ...Read More >
MUMBAI: In yet another incident highlighting unsafe practices at a metro construction site, a 30-kg iron jack fell onto the road from a girder during ongoing work on Metro-9 at Bhayandar on Sunday. Officials from the Mumbai Metropolitan Region Development Authority (MMRDA) confirmed that no citizens, workers, or public property were harmed. The jack came loose and dropped onto the road below, which was only loosely barricaded, surrounded by shops and garages. "During the lowering operation of a ...Read More >
Mumbai Monorail Train: The incident of the breakdown was reported at 7.15 am, officials said. Mumbai (Maharashtra): Monorail services were resumed after a nearly two-hour-long halt that occured on Monday morning due to technical glitches in Mumbai's Wadala area. Mumbai Metropolitan Region Development Authority (MMRDA) said all passengers onboard were safely evacuated from the monorail. "17 passengers were evacuated after a technical glitch happened in the monorail at Wadala. Passengers were e ...Read More >
Nashik: Heavy rains lashed Ahilyangar city and parts of the district late on Saturday night and in the early hours of Sunday. Ahilyangar city received 76 mm of rainfall in the last 12 hours between 8.30pm on Saturday and 8.30am on Sunday. Rahata and Newasa talukas received 150 mm and 119 mm of rainfall, respectively, in the last 24 hours up to 8.30am on Sunday. Shevgaon taluka received 89 mm of rainfall, while Kopargaon and Shrirampur talukas received over 100 mm of rainfall during the last 24 ho ...Read More >
Mumbai: Mumbai's long-awaited Metro Line 3, also known as the Aqua Line, is gearing up for its grand completion as Prime Minister Narendra Modi is set to inaugurate the final Worli-Cuffe Parade stretch on October 8. The milestone will make the entire 33.5-kilometre Colaba-Bandra-SEEPZ corridor fully operational, marking a transformative leap for South Mumbai's urban mobility network. Ahead of the inauguration, Mumbai Metro 3 released stunning inside visuals of the Science Centre Metro Station in Worli, offering a first look at its modern interiors and commuter-ready infrastructure. The images ...Read More >
Mumbai: Despite full dams, parts of Mumbai will face water shortages from October 7 to 9. The Brihanmumbai Municipal Corporation (BMC) is implementing a 10 per cent water reduction in certain areas and eastern suburbs during this period. Additionally, the corporation is updating electricity meters at the Pise water purification center, affecting water supply daily from 12:30 pm to 3:00 pm. Consequently, numerous sections of the city and eastern suburbs will experience disruptions due to these necessary updates. The Water Engineering Department confirmed the 10 percent water reduction for the ...Read More >
In the now-viral video, the woman is seen entering the metro coach with her bicycle and effortlessly using the in-built hooks designed for cycle storage. She parks her bicycle in a designated spot, lifts the front wheel, and secures it onto a hook inside the coach, all while appearing both surprised and delighted by the ease of the process. (Also Read: Paytm's Vijay Shekhar Sharma spotted on Mumbai Metro, commuter recalls humble encounter: 'Felt cool') The video, shared on X, has captured the i ...Read More >
Mumbai: Arkade Developers Limited, a listed real estate company on the BSE and NSE, has signed a binding agreement to acquire Filmistan Pvt Ltd for around Rs 183 crore. This acquisition gives Arkade control of the iconic 4-acre Filmistan Studios land parcel located on SV Road in Goregaon West, Mumbai. The company plans to launch an ultra-luxury residential project on the site in calendar year 2026, featuring spacious 3, 4, and 5 BHK homes along with exclusive penthouses. The development will include two 50-storey high-rise towers, with a Gross Development Value (GDV) projected at Rs 3,000 cro ...Read More >
Mumbai (Maharashtra) [India], July 8 (ANI): Maharashtra Chief Minister Devendra Fadnavis is set to inaugurate the newly constructed Sindoor flyover, which was earlier known as Carnac, on July 10. According to a release from the Brihanmumbai Municipal Corporation (BMC), the bridge will connect East and West South Mumbai. Also Read | PM Modi in Brasilia: PM Narendra Modi Receives Grand Welcome From Brazil President Luiz Inacio Lula da Silva at Alvorada Palace, Both Leaders To Hold Talks Next. Deputy Chief Ministers Eknath Shinde, Ajit Pawar, and Legislative Assembly Speaker Rahul Narwekar wil ...Read More >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...Read More >
Mumbai: A monorail train came to an abrupt halt on tracks due to a "technical snag" in Mumbai on Monday morning, following which all 17 passengers onboard were rescued, officials said, adding the incident was the second in less than a month. The incident took place at 7:16 am between the Antop Hill Bus Depot and GTBN monorail station in Wadala, they said. "Today, a technical snag occurred in one of the mono trains. As per safety protocols, all 17 passengers on board were swiftly and safely transferred to another train and taken to the next station by 7:40 am," said a spokesperson of Maha Mum ...Read More >
Mumbai: The Mumbai Metro Rail Corporation Limited (MMRCL) announced that the Commissioner of Metro Rail Safety (CMRS) has granted authorization for passenger operations on Phase 2B (Final Phase) of Metro Line 3, covering the stretch from Acharya Atre Chowk to Cuffe Parade. This development marks a major milestone from October 9, the entire Metro Line 3 will be operational, connecting Aarey JVLR in the north to Cuffe Parade in south Mumbai. New Timings for Full Metro Line 3 Operations MMRCL has shared the new service schedule for the fully operational corridor: The first service from both Aa ...Read More >
New Delhi [India], July 7 (ANI): Union Minister of Agriculture and Farmers Welfare & Rural Development, Shivraj Singh Chouhan on Monday inaugurated the 11th edition of the India Maize Summit, organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with (IIMR) Indian Institute of Maize Research. Speaking at event, Chouhan emphasized that 'Farmers' sewa is our mool mantra,' reaffirming the government's commitment to farmer-centric policies. He outlined a multi-pronged strategy to boost maize production, and increase farmer incomes, while ensuring environme ...Read More >
The east-west connector was earlier known as the Carnac Bridge (Representational) ShowQuick Read Summary is AI-generated, newsroom-reviewed The Carnac Road Over Bridge in South Mumbai has been renamed Sindoor BridgeMaharashtra Chief Minister Devendra Fadnavis will inaugurate the reconstructed bridge on Thursday morningThe original 150-year-old bridge was dismantled in August 2022 and rebuilt by BMC with CR-approved design Did our AI summary help? Let us know. Mumbai: The reconstructed Carn ...Read More >