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.
NEW DELHI: The Railway Board is set to launch its first assured transit time (ATT) container train service on Wednesday between Delhi's Tughlakabad and Kolkata's Shalimar via Agra and Kanpur. The Ministry of Railways said on Tuesday that the train will have a guaranteed transit time of 120 hours. This development is seen as a significant milestone in the logistics sector. The service, being introduced on a pilot basis, will be operated by the Container Corporation of India Limited (CONCOR). It will connect four Inland Container Depots (ICDs) along the route: Tughlakabad (TICD), Agra (ICDY), Kanpur (ICDG), and Kolkata (CTKR/CTCS). The train will initially have a bi-weekly schedule, departing every Wednesday and Saturday. A railway statement noted, "A unique feature of this service is the hub-and-spoke cargo facility at Agra and Kanpur, enabling efficient cargo aggregation for a wider catchment area." A railway official said, "The guaranteed transit time will mark a milestone in the logistics sector by delivering the consignments on time as per its schedule." The Ministry also noted that customers will benefit from a waiver of empty wagon haulage charges between Tughlakabad and Kanpur. Officials clarified that if the train or some containers are empty between the starting point and Kanpur, customers will not be charged extra. Outlining the objectives of this ATT service, the Railway said, "The pilot project is expected to provide multiple advantages to customers, including door-to-door assured and reliable delivery for time-sensitive cargo, a competitive alternative to road transport, enhanced connectivity for northern hinterland cargo, and priority benefits for early adopters." The Ministry added that the service supports sustainability by encouraging a shift from road to rail, reducing the carbon footprint, and aligning with India's commitment to green logistics. "Through this initiative, Indian Railways and CONCOR reaffirm their focus on customer-centric, reliable, and sustainable logistics solutions," the ministry said.
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme will be a dominant LP in Athera's Rs 900-crore fund to be invested into fast-growing tech startups ...Read More >
NEW DELHI: Strengthening its commitment to green logistics, Maruti Suzuki India Limited dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, its highest-ever. The major advantage of railways is that it offers a low-emission and energy-efficient mode of transportation. Besides, it also helps to ease road congestion. Maruti Suzuki currently dispatches vehicles to more than 20 hubs using railways, from where over 600 cities across India are served. Port locations of Mundra and Pipavav, used by the Company for exports, are also served using railways. Hisashi Takeuchi, MD-CEO, M ...Read More >
Ahmedabad, June 8 (SocialNews.XYZ) The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximate ...Read More >
NEW DELHI: Road transport and highways minister Nitin Gadkari on Thursday urged vehicle manufacturers and logistics companies to opt for trucks that run on alternative fuels rather than diesel-fuelled ones to cut down pollution, reduce logistics costs, and decrease India's dependence on imported fossil fuel."My appeal to you all is - don't go for diesel trucks, think about alternative fuel and biofuel. It's economically viable," Gadkari said, while addressing industry leaders. He added that govt is encouraging the use of alternative fuels such as biodiesel, ethanol, hydrogen, and others.On the ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.India has committed USD 20 billion for infrastructure development, with a focus on enhan ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. "These efforts aim to build modern, multimodal logistics systems w ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi : As India gears up to celebrate National Logistics Day on June 28, the 5th RailTrans Expo 2025, organized by the Indian Chamber of Commerce (ICC), continued with renewed energy and insight. Day 2 of the Expo witnessed a high-impact plenary session titled "Unifying Corridors & Smart Logistics for Sustainable Infrastructure", aligning with the central theme 'Logistics 360 for Viksit Bharat'. The session brought together a powerhouse panel of senior policymakers, logistics leaders, and academicians, reflecting a shared vision to build a unified, tech-enabled, and future-ready logistic ...Read More >
New Delhi (India) June 30 (ANI): In a move aimed at streamlining fare structures and enhancing the financial sustainability of passenger services, the Ministry of Railways has rationalised the basic fare of Passenger train services, effective from 01 July 2025. The revised fares are based on the updated Passenger Fare Table issued by the Indian Railway Conference Association (IRCA), the railways said in a release. As per the release, no change in Suburban single journey fares and Season Tickets (for both suburban and non-suburban routes). The fare hike varies across different classes and tra ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi: Indian-origin business executive Sabih Khan, 58, has been appointed the new chief operating officer of Apple, the tech giant said in a statement on July 8. Praising Khan's commitment and dedication, Apple's CEO Tim Cook said that Khan will make an exceptional chief operating officer. Khan has been with Apple for 30 years. Currently serving as Apple's senior vice president of operations, Khan oversees the company's operations and global supply chain. Announcing Khan's appointment, Apple said that it was part of a long-planned succession. The iPhone maker said in a statement, "Apple ...Read More >
Tirupati (Andhra Pradesh) [India], July 14 (ANI): A fire broke out in stationed train coaches of the Hisar-Tirupati Special Train and Rayalaseema Express at the Tirupati Railway Station yard on Monday, Indian Railways said. According to Southern Central Railway, the fire was dozed and there is no disruption to any of the outgoing or incoming train services from Tirupati Railway Station, the Southern Central Railway said. The incident occurred while taking empty Hisar-Tirupati Special Train into the stabling yard. During the shunting process a fire was noticed in one general coach and was imm ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
Ahmedabad, June 8: The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, is set to dock at the Adani Group's Vizhinjam International Seaport on Monday and will be berthed till Tuesday. The monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times long ...Read More >
The Amrit Bharat Station Scheme is a long-term project by the Indian Railways aimed at transforming more than 1,300 railway stations across the country. Prime Minister Narendra Modi is inaugurating 103 redeveloped Amrit stations across India on Thursday via video conferencing from Bikaner. The redeveloped stations are spread across 86 districts in 18 States and Union Territories and have been built at a cumulative cost of over Rs 1,100 crore, according to a release by the ministry of railways. ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Thiruvananthapuram (Kerala) [India], June 8 (ANI): The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, will dock at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala, on Monday morning and will be berthed until Tuesday. This monumental arrival marks a significant milestone for the seaport, which Prime Minister Narendra Modi dedicated to the nation on May 2. Also Read | MSC IRINA, World's Largest Container Ship, To Make Historic Debut at Vizhinjam International Seaport. The MSC IRINA boasts an impressive capacity of 2 ...Read More >
New Delhi, Jul 1 (PTI) Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Proceeds from fresh issuance to the extent of Rs 216.79 crore for payment of debt, Rs 130 crore for funding incremental working capit ...Read More >
Samastipur (Bihar) [India], July 8 (ANI): In a continued effort to modernise and upgrade railway infrastructure in Bihar, Union Minister for Railways Ashwini Vaishnaw on Monday laid the foundation stone and inaugurated several key projects worth Rs 17.30 crore at Karpoorigram Station under the Samastipur division. At the outset, Vaishnaw inspected the Digha Bridge Halt and thoroughly reviewed passenger amenities, safety, cleanliness, platform condition, drinking water, lighting, and security arrangements, according to a statement from the Ministry of Railways. He directed officials to work t ...Read More >
Shimla: Himachal Pradesh chief minister Sukhvinder Singh Sukhu on Tuesday inspected vulnerable sections of the under-construction 27-km Shoghi-Dhalli four-lane highway near Shimla, following rising public concern over the environmental and safety impacts of ongoing hill-cutting work.Sukhu visited Bhattakufar, Sanjauli, Dhalli, Lindidhar, and nearby areas, where local residents voiced fears about property damage and life-threatening risks caused by aggressive excavation work undertaken by the National Highways Authority of India (NHAI). Many blamed the hill-cutting for increasing landslide vuln ...Read More >
Katra: Prime Minister Narendra Modi on Friday flagged off the Katra-Srinagar Vande Bharat Express, inaugurating an alternative all-weather transportation system for Kashmir by connecting the Udhampur-Srinagar-Baramulla rail link with the national railway network. The train will commence commercial operations from Saturday, allowing passengers to travel in the two pairs between Srinagar and Katra except on Wednesdays. The Udhampur-Srinagar-Baramulla rail project in the tough Himalayan terrain has been referred to as a marvel. It is expected to be a game changer in the development of the mount ...Read More >
Officials say the train will help the troubled region, but many Kashmiris see it as a tool to entrench the Indian government's control. After decades of highly complex engineering work and billions of dollars in investment, India has finally connected the Himalayan region of Kashmir by rail to the rest of the country. The train link, which was officially inaugurated on Friday, fulfilled a dream dating back to the British colonial era. Indian officials called it a transformative leap for the res ...Read More >
Chennai, June 2025: India Yamaha Motor (IYM) Pvt. Ltd. is proud to commemorate a significant milestone in its manufacturing journey with the completion of 10 years of operations at its Chennai Factory. Reinforcing its role as a critical production base for both domestic and global markets, the company also celebrated the roll-out of its 5 millionth two-wheeler from this state-of-the-art facility -- an Aerox 155 Version S that marked the milestone. Over the past decade, the Chennai plant has become a cornerstone of Yamaha's global operations to serve both Indian customers and export markets. I ...Read More >
NEW DELHI: In a significant development, Indian Railways has proposed to prepare and release the reservation chart eight hours before a train's departure, replacing the current practice of releasing the chart four hours before departure. This new timeline is expected to come into effect from 1st July this year. The decision follows a series of meetings between railway officials and Railway Minister Ashwini Vaishnaw, aimed at improving convenience for passengers, particularly those holding waitlisted tickets. Confirming the development to this newspaper, a senior railway official said on Sun ...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 >
Chennai : TVS Industrial & Logistics Parks (TVS ILP), India's pioneering developer of Grade A warehousing and industrial infrastructure, marked a major milestone today with the successful listing of its Infrastructure Investment Trust (InvIT) -- TVS Infrastructure Trust -- on the National Stock Exchange (NSE). Speaking at the listing ceremony, Ravi Swaminathan, Founder & Vice Chairman, TVS Industrial & Logistics Parks Private Limited said: "Today is a momentous day for our Infrastructure Investment Trust, not only because it marks our listing. It also marks 20 years since the inception of the ...Read More >
Shillong: Union finance minister Nirmala Sitharaman chaired a stakeholder interaction in Shillong on Saturday, where she engaged directly with business leaders, entrepreneurs, industry representatives and citizens, reaffirming the Centre's commitment to the development of the northeast.The event was organised by the Govt of Meghalaya in collaboration with the department of financial services, Central Board of Indirect Taxes & Customs (CBIC) and the Central Board of Direct Taxes.The session was attended by CBIC chairman Sanjay Kumar Agarwal, CBIC member Mohan Kumar Singh and senior officials fr ...Read More >
The Indian government has announced a 375km rail network expansion, aimed at enhancing economic growth and connectivity in North Maharashtra, Madhya Pradesh, and Uttar Pradesh. With a total cost of approximately Rs79.27bn ($1.05bn), these projects are aimed to be completed within four years. Union Minister of Railways, Ashwini Vaishnaw, detailed the Cabinet Committee on Economic Affairs' approval of three railway infrastructure projects. The projects include the Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131km), and the Prayagraj (Iradatganj)-Manikpur thir ...Read More >