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: The Mumbai Metro Rail Corporation Ltd (MMRCL) is ready to launch Phase 2B of the underground Metro Line 3 from Worli to Cuffe Parade, but final approval from the Commissioner of Metro Rail Safety (CMRS) is still awaited. The CMRS nod is mandatory before public operations can begin.An advanced CMRS team inspected the stretch on Friday, reviewing track alignment, signalling, power systems, and emergency protocols. Officials said this was a precursor to the final visit, which is expected soon. "Safety is our top priority. CMRS approval will ensure all systems are ready for passengers," a senior MMRCL official said.MMRCL confirmed that trial runs were completed successfully, with all systems functioning smoothly. Metro Line 3, spanning 33.5km from Cuffe Parade to Aarey, is being opened in phases. The stretch from Aarey to BKC became operational in October 2024, followed by BKC to Acharya Atre Chowk in May 2025. Phase 2B will link Mumbai's southern business district with key residential and commercial hubs, easing traffic along the Worli-Cuffe Parade corridor and cutting travel time for thousands of commuters.

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 >

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 >

CHENNAI: To install anti-drag features in all Metro Rail saloon doors in existing stations, the Chennai Metro Rail Limited (CMRL) has signed a contract with Faiveley Transport Rail Technologies India Private Limited for a cost of Rs 48 crore. Meanwhile, the anti-drag feature will be incorporated as a standard provision in all trains procured for phase II. The recent contract, however, will also entail design, supply, installation, testing and commissioning of anti-drag features in all the saloon doors of 52 trains in phase 1. This is being done to enhance passenger safety and service by intr ...Read More >

Mumbai: In a major relief for residents of Mankhurd and Chembur, the first phase of Mumbai Metro Line 2B has been inaugurated today, April 7. CM Devendra Fadnavis, along with Deputy CMs Sunetra Pawar and Eknath Shinde, inaugurated the 5.4-km stretch, which is set to ease congestion and improve connectivity. Along with this, the virtual bhoomipujan of the BKC pod taxi project was also done. Stations To Open In Phase 1 The Phase I section of the corridor covers a 5.4-km stretch between Diamond Garden in Chembur and Mandale in Mankhurd, comprising five stations: Diamond Garden, Shivaji Chowk, B ...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 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 >
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: 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: 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 >

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 >

Mumbai, March 31: As Ashwini Bhide, who has 31 years of experience in the Indian Administrative Service (IAS), takes charge as the new civic commissioner of Mumbai, she is tasked with handling key infrastructure projects, pre-monsoon preparations, and other civic issues. Her appointment comes two months after the BMC elections, in which the BJP-Shinde Sena alliance won, and a month after the administration presented the massive budget of over Rs 80,000 crore. Track record of delivering key projects However, Bhide is known for her firm, no-nonsense, and result-oriented administrative style, ...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 >

Mumbai Rains: With local train delays and severe road congestion already troubling commuters, the situation has worsened as a section of the newly launched Mumbai Metro Line 3 has been temporarily suspended. Metro Line 3 will not be operational between Worli and Acharya Atre Chowk until further notice. The arrival of the Southwest Monsoon in Mumbai has brought with it chaos and disruption across the city. With local train delays and severe road congestion already troubling commuters, the situation has worsened as a section of the newly launched Mumbai Metro Line 3 has been temporarily suspend ...Read More >

Mumbai: Senior IAS officer Ashwini Bhide will take charge as the commissioner of the Brihanmumbai Municipal Corporation (BMC) today. Bhide creates history as she will be the first woman municipal commissioner of India's financial capital. The decision was made last night during a meeting held between CM Devendra Fadnavis and Deputy CM Eknath Shinde over Bhushan Gagrani's successor, who retires today. Bhide is likely to get a full tenure until 2030. Bhushan Gagrani Informs Of Bhide Taking Charge "I am in office today and Ashwini will take charge this afternoon. The official order will be issu ...Read More >

New Delhi, Oct 8: Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport (NMIA) and launched several major developmental projects in Mumbai on Wednesday, marking a significant boost to infrastructure and connectivity ambitions. Extending greetings on the festive season, the Prime Minister said Mumbai's "long wait has finally ended" with the city getting its second international airport, envisioned as one of Asia's largest connectivity hubs. Built at a cost of '19,650 crore, NMIA is India's largest Greenfield airport and will eventually handle 90 million passengers annua ...Read More >

Bhopal (Madhya Pradesh): With the launch of the Tunnel Boring Machine (TBM) 'Durgawati', the tunnel digging work of the Metro project commenced near the main railway station on Monday. The project length of the tunnel is around 3 km. The TBM has the capacity to dig 14 metres per day. The TBM was lowered till the depth of around 24 metres through the special launching shaft. The digging has been started from this level. Managing director, Madhya Pradesh Metro Rail Corporation, S Krishna Chaitanya said that by maintaining speed, all targeted work would be completed within the set time. He dir ...Read More >

Mumbai, Mar 31 (PTI) Senior IAS officer Ashwini Bhide was on Tuesday appointed as the first woman commissioner of the Brihanmumbai Municipal Corporation (BMC), an official said. She took charge from Bhushan Gagrani, who retired on Tuesday, at a ceremony at the BMC headquarters in south Mumbai in the evening. The Mumbai civic body, set up in 1872, is one of the oldest local self-governing bodies in India. The BMC has a rich legacy and heritage of more than 150 years, Bhide told reporters after taking over as the new municipal commissioner. She said her effort will be to improve public trans ...Read More >

MUMBAI: Ashwini Bhide, 55, an IAS officer of 1995 batch, widely known as the 'Metro Woman of Mumbai' for spearheading the Aqua Line (Metro 3) and navigating challenges of land acquisition and resettling project affected people, has emerged as the front-runner for the post of commissioner of the Brihanmumbai Municipal Commissioner (BMC), the country's richest civic body. Bhide will become the first woman IAS officer to make it to the position, when she takes over from the current civic chief Bh ...Read More >

Mumbai, April 7: Strengthening the city's fast-growing urban transit network, the Mumbai Metropolitan Region Development Authority has launched new operational stretches of Mumbai Metro Line 9 and Line 2B on April 7, 2026. The move is expected to significantly ease congestion and improve connectivity for lakhs of daily commuters across the western and eastern suburbs. The newly opened section of Line 9 covers a 4.5 km stretch between Dahisar and Kashigaon, offering a faster alternative to the traffic-heavy Western Express Highway. This corridor is especially beneficial for residents of Mira-B ...Read More >

New Delhi, July 18: Sri Lanka Cricket (SLC) is exploring the possibility of hosting India for a white-ball series in early August, taking advantage of a rare opening in both nations' schedules. Final discussions are expected to take place this week on the sidelines of the ICC meetings in Singapore. This follows after the Bangladesh Cricket Board (BCB) and the Board of Control for Cricket in India (BCCI) mutually agreed to defer the white-ball series, three ODIs and three Twenty20 Internationals, between Bangladesh and India in August 2025 to September 2026. Security concerns due to the state o ...Read More >
MUMBAI: Ashwini Bhide, who played a key role in the construction of the underground Metro in Mumbai, was Tuesday appointed the city's municipal commissioner, the first woman to head BMC in the history of the over-160-year-old corporation. The 1995 batch IAS officer retires in 2030, and thus could get a full three-year tenure as chief of the country's richest civic body. Known as a task master and said to be close to CM Fadnavis, Bhide, who was an additional chief secretary in the CMO, took charge from Bhushan Gagrani Tuesday evening. She forms a triumvirate of women along with mayor Ritu Tawde ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access to school admissions, entrance exams and other benefits such as direct benefit transfer, it added.A ...Read More >

Initially, Gurugram Metro will run three-coach trains with a capacity of 975 passengers. As ridership increases, these will be expanded to six-coach trains, accommodating up to 2,004 passengers. The new Gurugram Metro project, connecting Millennium City Centre to Cyber Hub, is being designed for a high-frequency service and a top speed of 90 kmph. This project, which is being developed by Gurugram Metro Rail Limited (GMRL), aims to significantly reduce traffic congestion and travel time for the ...Read More >

Mumbai: In a landmark administrative decision, senior IAS officer Ashwini Bhide has been appointed as the first woman Commissioner of the Brihanmumbai Municipal Corporation (BMC), following the retirement of incumbent chief Bhushan Gagrani on March 31. A 1995-batch IAS officer, Bhide currently serves as Additional Chief Secretary in the Chief Minister's Office under Devendra Fadnavis. Her appointment marks a major milestone in Mumbai's civic administration, with many viewing it as a progressive step towards greater representation of women in top bureaucratic positions. Previous Administrativ ...Read More >
MUMBAI: The state govt on Tuesday appointed Ashwini Bhide as the city's Municipal Commissioner. Bhide is the first woman BMC chief since the BMC was set up over 160 years ago.Bhide who is an IAS officer of the 1995 batch retires in 2030 and could get a full three year tenure as BMC chief. IAS officer Lokesh Chandra who was Chairman and Managing Director (MD) of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) replaces Bhide as Additional Chief Secretary in the CMO. Bhide will continue to hold additional charge as MD of the Mumbai Metro Rail Corporation (MMRC). DCM Eknath ...Read More >

Hyderabad, May 20 (IANS) The Hyderabad Metro Rail management on Tuesday announced 10 percent discount on the increased fares, which came into effect from May 17. L&T Metro Rail (Hyderabad) Limited (L&TMRHL) announced the discount across all fare zones in all three metro corridors, which will come into effect from May 24. This decision has been taken after carefully considering passenger feedback and reflecting the organisation's commitment to enhancing commuter affordability while maintaining financial prudence, the company said in a statement. Last week, it announced a ticket fare ...Read More >

Mumbai: The under-construction Mumbai Metro Line 7A on Monday, 14th July 2025, marked a significant milestone with the successful breakthrough of the upline tunnel, the second and final tunnel of the corridor connecting Andheri (East) to Chhatrapati Shivaji Maharaj International Airport. The initial drive of the TBM named Dhruv started on 4th November 2023. The length of this upline tunnel is about 1.65 km, which requires the installation of 1178 rings of 1.4m length for the tunnel lining. The finished tunnel diameter is 5.6 m, and precast ring segments consisting of 6 parts are used as the t ...Read More >

Bangalore (Karnataka) [India], July 18: ACES India Private Limited, a wholly owned subsidiary of Saudi Arabia-based Advanced Communications and Electronics Systems Company (ACES), has signed a strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to implement advanced Telecom infrastructure across the Namma Metro network. Also Read | Did Andy Byron Quote Coldplay's 'Fix You' in His Apology? Know Truth Behind the Fake Statement Attributed to Astronomer CEO Amid Viral Affair Allegations With Kristin Cabot. Following a competitive bidding process and formal Letter of Accepta ...Read More >

Bengaluru's long-awaited Yellow Line is finally nearing its launch, with the Bangalore Metro Rail Corporation Limited (BMRCL) receiving a critical safety certification for its train and signalling systems. According to a report by Deccan Herald, the Independent Safety Assessment (ISA), mandatory for driverless train operations, was submitted to BMRCL on Thursday evening. The certification was issued by Italcertifer, a state-owned Italian firm tasked with evaluating the safety of the system. "We ...Read More >

Mumbai, Mar 31 (PTI) Senior IAS officer Ashwini Bhide was on Tuesday appointed as the first woman commissioner of the Brihanmumbai Municipal Corporation (BMC), an official said. She will take charge from Bhushan Gagrani, who retires on Tuesday, the official said. The Mumbai civic body, set up in 1872, is one of the oldest local self-governing bodies in India. Bhide, a 1995 batch IAS officer was the Additional Chief Secretary in the Chief Minister's Office and has handled many key infrastructure projects. An official notification said she will also continue holding charge as Managing Direct ...Read More >