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, Sep 15 (PTI) 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 Mumbai Metro Operation Corporation Limited (MMMOCL), which operates the monorail. "The affected train is being towed away. Services between Sant Gadge Maharaj Chowk and Wadala were running on a single line with delays, while Wadala to Chembur services remained operational as usual," MMMOCL said in a statement. A Fire Brigade official said two fire engines and two turntables were dispatched to the site for the post-incident operation but their deployment was not needed as the passengers were evacuated after another rake was brought on the parallel track. On August 19, amid very heavy rains, as many as 582 passengers were stranded on a monorail near Mysore Colony station for several hours before being rescued by the Mumbai Fire Brigade. Another monorail train was stuck at Acharya Atre Nagar station, where 200 passengers were evacuated. Rescue teams, including the Mumbai Fire Brigade and other agencies, took several hours to safely evacuate all passengers amid difficulties caused by rains. Following these incidents, the Mumbai Metropolitan Region Development Authority (MMRDA) announced a series of immediate and long-term measures aimed at improving passenger safety and operational efficiency. These included the de-boarding of passengers from overloaded trains. Since then, on a few occasions over the past month, MMMOCL has stopped monorail trains at various stations to de-board passengers from overcrowded coaches. Mumbai is home to India's only monorail system, which runs on a 19.74 kilometre route between Sant Gadge Maharaj Chowk (Saat Rasta) in the island city and Chembur in the eastern part of the metropolis. The first phase, covering 8.26 km, was commissioned in February 2014, while the remaining 11.28 km stretch was opened to the public in March 2019. PTI KK GK BNM
Mumbai, Jun 27 (PTI) No COVID-19 case was reported in Mumbai on Friday, the feat achieved for the first time in about two months, the metropolis' civic body said. In a release, the Brihanmumbai Municipal Corporation also said no new or concerning variant of the virus has been detected in the city as per the Whole Genome Sequencing Report. Mumbai recorded six COVID-19 cases between January and April this year, before a surge in May saw the detection of 435 cases, while the figure for June stood at 539, the release informed. As on Friday, there are 62 active COVID-19 cases in the city, though ...Read More >
Vadodara, Jul 9 (PTI) Nine persons, including a child, were killed and nine others rescued after a portion of a four-decade-old bridge collapsed in Gujarat's Vadodara district on Wednesday morning, officials said. A slab of the Gambhira bridge, located on Mahisagar river which connects central Gujarat to the Saurashtra region of the state, collapsed, killing nine persons, Superintendent of Police (Vadodara rural) Rohan Anand said. The bridge was located near Padra town in the district. "According to the details available, around nine persons have died and another nine persons have been resc ...Read More >
Mumbai, Jul 15 (PTI) Mumbai has recorded an increase in malaria and chikungunya cases between January and July 2025 (till July 14) as compared to the same period of the previous year, the city civic body said on Tuesday. However, a decline was noticed in cases of leptospirosis and other water-borne diseases, including gastroenteritis and hepatitis, during the period under review, the Brihanmumbai Municipal Corporation (BMC) said in its report - Monsoon-Related Diseases. "The early onset of monsoon (in May) this year created a favourable environment for vector-borne diseases, leading to an ob ...Read More >
Mumbai, Jul 17 (PTI) The Maharashtra government is committed to bringing back Marathi speaking families who were forced to leave Mumbai due to lack of affordable housing, Deputy Chief Minister Eknath Shinde said on Thursday. Replying to a debate under Rule 293 in the assembly, Shinde said the Mahayuti government is undertaking a major urban transformation of Mumbai that will bring "historic changes" in the lives of its residents. The state government has drafted a new housing policy to construct 35 lakh affordable homes with an investment of Rs 70,000 crore. The homes will be environmentally ...Read More >
Mumbai: A three-storey chawl in Mumbai's Bandra East collapsed early Friday morning, leaving at least 10 people feared trapped under the debris, civic officials confirmed. The incident occurred around 5:56 am in the Bharat Nagar area near the Namaj Committee Masjid, close to the Bandra-Kurla Complex (BKC). The structure, identified as Chawl No. 37, was a ground-plus-three-storey residential building, PTI reported. The collapse triggered an immediate response from multiple agencies. A large-scale rescue operation is currently underway, with eight fire engines, rescue vans and ambulances deploy ...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 >
Kolkata, Jul 19 (PTI) At least five people have been arrested from New Town near Kolkata in connection with the murder of gangster Chandan Mishra in a Patna hospital, police said on Saturday. However, the prime suspects, who were allegedly hiding in the city managed to flee, prompting police to launch a renewed search operation, a senior officer claimed. The five arrested, who were apprehended from a housing complex in the satellite township of the metropolis following raids conducted jointly by the Bihar Police and the West Bengal Special Task Force (STF) in the early hours of Saturday, wer ...Read More >
Mumbai: The Bombay High Court has raised concern over terminally ill prisoners languishing in Maharashtra's jails and asked the state govt to consider proper implementation of an advisory on grant of medical bail or to place them in house arrest. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan on Monday said they visited the Yerwada central prison in Pune on Sunday and met with prisoners, particularly women inmates, and inspected the condition there. The bench referred to a ...Read More >
Mumbai, Jul 11 (PTI) Facilities management and manpower services company Krystal Integrated Services Ltd (KISL) on Friday said it has bagged orders worth around Rs 84 crore from Airport Authority of India and two other entities. KISL has secured a significant three-year contract worth Rs 20.26 crore from the Airports Authority of India (AAI) for the new terminal building of Jay Prakash Narayan International Airport in Patna, the company said in a statement. The company has also secured two contracts from Maharashtra Tourism Development Corporation and Maha Mumbai Metro Operation Corporation, ...Read More >
Mumbai: In the biggest crackdown in recent months, 123 passenger vehicles, including 78 bike taxis (mostly Rapidos), were seized in MMR on Wednesday for transporting passengers without authorisation. Sarnaik says he will approach the law and judiciary department to include bikes and buses in the aggregator policy.The RTOs from Mumbai, Thane, Vashi, and Panvel with 20 special squads cracked down on the illegal vehicles that were unauthorisedly transporting passengers without valid state permits.Al ...Read More >
Gwalior (MP), Dec 15 (PTI) Four tribal persons were killed and 15 others injured when a tractor-trolley overturned in an attempt to save a buffalo in Madhya Pradesh's Gwalior district, police said on Sunday. The accident took place at around 10.30 pm on Saturday in Ghatigaon area, an official said. As many as 31 persons, belonging to the Saharia tribal community, had gone to a forest in Pai Kho village for collecting herbs. They were returning to the Kait village when the tractor-trolley overturned at Tilawali square while its driver was trying to avoid hitting a buffalo, Ghatigaon police s ...Read More >
The India Meteorological Department (IMD) has issued a 'red alert' for Delhi on Thursday. Skies will remain generally cloudy, with moderate to heavy rainfall expected throughout the day. Residents should also brace for possible lightning and gusty winds ranging between 30-40 kmph, potentially reaching up to 50 kmph during heavier spells. A red alert is the highest level of weather warning, signalling extremely heavy rainfall. It indicates serious threats to life and property, with a high risk of widespread flooding, disruption of essential services, and possible evacuation orders. Showers ar ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
Mumbai Monorail train stuck between two stations due to power failure (Image: Videograb/X) As continuous rains lash Mumbai leading to flooding, a monorail train got stuck on an elevated track in Mumbai's Vashi Gaon area on Tuesday due to a power supply issue. With several passengers stranded onboard, rescue operations started immediately. The fire brigade reached the spot in a bid to evacuate the passengers using crane. The Maha Mumbai Metro Operation Corporation said the monorail train had ex ...Read More >
Imphal, June 29 (UNI) A series of successful operations carried out by Manipur Police and security forces during the last 24 hours led to the arrest of several individuals involved in vehicle theft, insurgent activity, and the recovery of a significant cache of arms and ammunition. Police arrested a vehicle lifter identified as Syed Riyaj from his residence at Lilong Chaobok in Thoubal District. The arrest was made under Lilong Police Station. Authorities seized a blue two wheeler without registration number, along with a key and an Aadhaar card believed to be linked to the suspect. In a s ...Read More >
Mumbai, July 9 (PTI) The Maharashtra Assembly passed a bill amending the Slum Area (Improvement, Clearance and Redevelopment) Act, 1971, on Wednesday, which allows the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The amendment bill seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can exten ...Read More >
Amritsar (Punjab) [India], July 15 (ANI): The Golden Temple in Punjab's Amritsar received another bomb threat on Tuesday. The dog squad has been deployed at the Golden Temple premises as part of a security check. The holy site for Sikhs received a bomb threat via e-mail for the second consecutive day. Also Read | India Raises Pahalgam Terror Attack at SCO Meeting: EAM S Jaishankar Calls for 'Uncompromising Position' on Combatting Terrorism. Pratap Singh, Secretary of the Shiromani Gurdwara Parbandhak Committee (SGPC), demanded strict action against the miscreants. Pratap Singh told reporte ...Read More >
In a brazen act, five armed men stormed a Patna hospital, fatally shooting gangster Chandan Mishra, who was undergoing treatment while on medical parole. The attack, captured on CCTV, highlights Bihar's deteriorating law and order. Opposition leaders are criticizing Chief Minister Nitish Kumar's government, citing a surge in violent crimes and questioning public safety. In a chilling incident that highlights the deteriorating law and order situation in Bihar, five armed assailants entered a prom ...Read More >
Kolkata, Jun 19 (PTI) At least five persons have been arrested from New Town near Kolkata in connection with the murder of gangster Chandan Mishra in a Patna hospital, police said on Saturday. The accused were apprehended from a housing complex in the satellite township of the metropolis following raids conducted jointly by the Patna Police and West Bengal STF in the early hours of Saturday, they said. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Mishra, a resident of Buxar ...Read More >
Rajpipla (Gujarat), Jul 6 (PTI) Gujarat AAP MLA Chaitar Vasava was arrested on charges of attempt to murder after he allegedly attacked a taluka panchayat functionary at Dediapada in Narmada district, police said on Sunday. The incident took place on Saturday during a meeting organised at the prant office in Vasava's constituency Dediapada. Vasava was arrested late Saturday night, the police said. Vasava was produced in a local court this afternoon, which sent him in judicial custody and he is currently lodged in Vadodara central jail, Narmada district Superintendent of Police Prashant Sumb ...Read More >
Mumbai, Jul 9 (PTI) Mumbai Police have arrested the former personal assistant of Alia Bhatt for allegedly cheating the actor of Rs 76.9 lakh, an official said on Wednesday. The fraud was committed over a period of two years between May 2022 and August 2024, the police said. The accused, identified as Vedika Prakash Shetty, was arrested from Bengaluru on Tuesday and brought to Mumbai on a five-day transit remand, according to a Juhu police official. Bhatt's mother Soni Razdan, who is director of the Eternal Sunshine Productions Private Limited, filed a police complaint in January this year a ...Read More >
Kolkata, July 19 (SocialNews.XYZ) Alleged harassment of Bengali-speaking people in Odisha, Assam and Delhi after being branded as illegal Bangladeshi infiltrators, the Special Intensive Review (SIR) and the necessity of Opposition unity on these issue are likely to be the important matters that would be raised by the Trinamool Congress in the meeting of the INDIA Bloc this evening. The meeting will be attended virtually by the Trinamool Congress General Secretary and the party's Lok Sabha member, Abhishek Banerjee, as decided by the party leadership at the last moment. "The harassment of Ben ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
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 f ...Read More >
Mumbai, Jul 9 (PTI) The Maharashtra Food and Drug Administration (FDA) on Wednesday collected the samples of food from the canteen of an MLAs' hostel here and sent them for testing, a day after Shiv Sena legislator Sanjay Gaikwad assaulted its staffer for allegedly serving stale food to him. Gaikwad, who represents the Buldhana assembly constituency, sparked a controversy after a video of him slapping a canteen worker went viral on social media. The MLA claimed the food served to him was stale, and said his repeated complaints to the authorities had gone unheeded. As the monsoon session of t ...Read More >
Kolkata, Jun 19 (PTI) At least five persons have been arrested from New Town near Kolkata in connection with the murder of a gangster in a Patna hospital, police said on Saturday. The accused were apprehended from a housing complex in the satellite township of the metropolis following raids conducted jointly by the Patna Police and West Bengal STF in the early hours of Saturday, they said. Also Read | Sharda University's Student Dies by Suicide After Hanging Herself in Hostel in Greater Noida, Blames Faculty of Harassment in Note. Chandan Mishra, a resident of Buxar district of Bihar, who w ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, Announces RBI. ...Read More >
Madurai: Union Home Minister Amit Shah on Sunday chaired the core committee meeting of Tamil Nadu BJP unit here and said that the people of the state are fed up with the "massive corruption" of the DMK government. The BJP top leader was in the temple city to review the preparedness of the party to face the Tamil Nadu Assembly election next year and devise a strategy to fight polls. "The people of Tamil Nadu are fed up with the massive corruption of the DMK govt. The BJP Karyakartas will reach out to every locality, neighborhood, and home with Modi Ji-led NDA's vision for a prosperous and deve ...Read More >
Mumbai, Jun 29 (PTI) Congress MP Varsha Gaikwad on Sunday accused the BJP-led Maharashtra government of launching a false propaganda campaign to undermine public resistance against its alleged "anti-Marathi" agenda and push for the imposition of Hindi. The former state school education minister also refuted claims that the previous Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government, in which Congress was an ally, had accepted the three-language formula under the National Education Policy (NEP) 2020. "We are not against the Hindi language, but we will not tolerate its forced imposition o ...Read More >
Thane, Jun 29 (PTI) Police have arrested three persons, allegedly linked to an international fraud syndicate, for cheating an elderly woman in Maharashtra's Thane city of more than Rs 3 crore after keeping her under "digital arrest", officials said on Sunday. The 61-year-old woman received a call on August 13, 2024 from some persons posing as a courier company personnel, claiming they had seized her parcel containing a laptop, 140 grams of MD (drug) powder, a Thai passport, three credit cards and four kg of cloth items, they said. Soon after, an individual impersonating as a "CBI officer" ca ...Read More >