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, Dec 16: In a significant boost to Mumbai's public transport network, select sections of two new metro corridors -- Metro Line 9 and Metro Line 2B -- are set to become operational by December 31, according to multiple media reports. Officials from the Mumbai Metropolitan Region Development Authority (MMRDA) have confirmed that preparations are in their final stages for the partial launch of both lines. New Metro Stretches to Ease Traffic Congestion Once opened, the new metro stretches are expected to provide a much-needed bypass to some of Mumbai's most congested roads, easing daily travel for thousands of commuters who currently rely heavily on road transport. Metro Line 9 to Strengthen Dahisar-Mira-Bhayandar Connectivity Metro Line 9, an extension of the existing Metro Line 7, spans a total length of 13.58 km and is aimed at strengthening connectivity between Dahisar East and the rapidly growing Mira-Bhayandar region. In its Phase 1, metro services will operate between Dahisar East and Kashigaon, a corridor expected to significantly reduce commute times and traffic pressure in the northern suburbs. Operational Readiness Visible at New Stations Visual confirmation of readiness has emerged, with metro trains seen parked at newly constructed stations along the Line 9 corridor, indicating that operational preparations, including infrastructure and system checks, are nearing completion. Officials said stations, tracks, and rolling stock are largely in place, with final safety and integration clearances underway. Seamless Integration With Existing Metro Network Planned Metro Line 9 is designed to seamlessly integrate with Metro Line 7, ultimately enabling smoother connectivity between Andheri (East) and Mira-Bhayandar. Authorities believe this will help decongest overcrowded suburban rail services and arterial roads while offering commuters a faster and more reliable alternative. Also Watch: Metro Line 2B Expansion Part of Urban Mobility Push The parallel opening of sections of Metro Line 2B further highlights the steady expansion of Mumbai's metro network, which remains central to the government's strategy to modernise urban mobility. Officials said the focus continues to be on building a safe, integrated, and sustainable transport system capable of meeting the city's rapidly growing mobility demands.
NEW DELHI: Centre is likely to build a new 6-7 km Metro line from Indraprastha station to North Block, connecting Bharat Mandapam, C Hexagon at India Gate, Kartavya Path, Central Secretariat, and the proposed Yuge Yugeen Bharat Museum at the North and South Blocks. The underground corridor will provide connectivity to all the 10 proposed govt buildings along the Kartavya Path and India Gate, Delhi's most popular tourist spots. Sources said the proposed stretch will be an extension of the 12.3 km Inderlok-Indraprastha Metro corridor (Green Line), which was approved by the Union cabinet in Mar ...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 >
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: 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: To bring discipline to urban traffic and avoid unnecessary congestion on roads, the Urban Development Department must amend its policy to strengthen the parking system, said Maharashtra Transport Minister Pratap Sarnaik. He emphasized the importance of introducing an integrated parking system in metropolitan cities. Minister Sarnaik was speaking at a meeting of municipal commissioners from the Mumbai Metropolitan Region (MMR), held at Mantralaya. The meeting included officials such as Additional Secretary of the Transport Department Sanjay Sethi, Additional Secretary of the Urban Deve ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis, on Friday, directed the administration that after the completion of major infrastructure projects, nearby government land should be identified and developed into new economic hubs on the lines of the Bandra-Kurla Complex (BKC). He gave these directives during a review meeting of the north-bound Versova to Bhayandar coastal road project. Chief Minister Fadnavis also instructed that the road project be executed while conserving the mangrove forests. He emphasised that additional mangrove areas should be developed t ...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 >
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 >
New Delhi [India], June 7 (ANI): Congress leader Jignesh Mevani on Saturday questioned the government over the ceasefire in Operation Sindoor, alleging foreign pressure and demanding clarity on its terms. Mevani accused Prime Minister Narendra Modi of backing down under US influence and asked why the remaining terrorists haven't been caught. 'It's been a month since the government launched Operation Sindoor and claimed to have caught a terrorist. The Prime Minister boasts of a 56-inch chest, says India is a Vishwa Guru, and speaks of vermilion running through our veins. Then why haven't the ...Read More >
Thane: Sena minister Pratap Sarnaik appealed to MMRDA chairman and deputy CM Eknath Shinde on Monday to rename Metro stations passing through Thane city to pay tribute to the native Agri-Koli community and prominent political figures, including late Shiv Sena founder Balasaheb Thackeray and Shinde's mentor Anand Dighe.Sarnaik suggested renaming Metro 4's Cadbury Junction station to Thane Mahapalika Bhavan, Mahapalika Marg station to Chhatrapati Sambhajinagar station, and Teen Hath Naka as Dharmveer Anand Dighe Station. On Metro 10, he proposed that Retibandar halt be renamed as Hindu Hridaysam ...Read More >
Gandhinagar (Gujarat) [India], July 7 (ANI): Gujarat Chief Minister Bhupendra Patel has directed that all damage to highways, as well as rural and urban roads, caused by heavy monsoon rains, be repaired on a priority basis and restored to their original condition without delay, the Chief Minister's Office (CMO) said in a press release. In a high-level meeting, the Chief Minister emphasised that road networks--crucial for development and daily public transportation--must not remain damaged due to heavy rainfall, and that immediate repairs should be undertaken to ensure their continued operatio ...Read More >
PTC Web Desk: India is expected to witness a massive nationwide shutdown (Bharat Bandh) on July 9 as over 25 crore workers from key critical sectors, including banking, insurance, postal services, coal mining, highways, and public transport -- gear up for a day-long Bharat Bandh. The strike has been called by 10 central trade unions and their allied organisations to protest against the Centre's economic and labour policies, which they allege are anti-worker, anti-farmer, and pro-corporate in nature. Who is participating in the strike? More than 25 crore workers are expected to take part in t ...Read More >
New Delhi, Dec 26 (VOICE) India in 2024 saw a boom in employment rates, with women and youth leading the charge in workforce participation, according to a report.The report by Apna.co, a job and professional networking platform, showed women contributed an impressive 2.8 crore job applications -- 20 per cent higher than in 2023. Similarly, the youth posted a 27 per cent year-on-year increase in job applications. Women contributed an impressive 2.8 crore job applications out of a total of 7 crore, a 25 per cent year-on-year surge, in 2024. Flexible work opportunities, gender-focused initiativ ...Read More >
Mumbai: In a review meeting held by the Chief Minister Devendra Fadnavis recently at Sahyadri guest house, Malabar Hill, in view of the growing population and persistent traffic congestion from goods transport, it was decided to implement an independent project featuring an underground metro, road widening, and new flyovers -- offering a lasting traffic solution and driving urban and industrial growth. Both metro and road widening projects will progress in parallel, ensuring faster, safer, and seamless connectivity. These coordinated efforts aim to ease traffic and boost regional development. ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...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 [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...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: The Brihanmumbai Municipal Corporation (BMC), considered the richest civic body in the country, tabled its budget of Rs 74,427 crore for 2025-26 at its headquarters in Mumbai on Tuesday. The additional municipal commissioners presented the budget to BMC commissioner Bhushan Gagrani, the state-appointed administrator. BMC is currently run by an administrator since the term of the corporators ended on March 7, 2022. This is the third year of the budget being presented to the administrator, in deviation from the norm where the municipal commissioner presents the budget to the standing co ...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 >
Hyderabad: Sanjay Kumar Srivastava, a distinguished officer from the 1988 batch of the Indian Railway Engineering Service (IRSE), has officially assumed charge as the General Manager of South Central Railway (SCR). Prior to this new role, Srivastava served as the General Manager of the Central Organisation for Railway Electrification (CORE), where he was pivotal in driving technological advancements and policy reforms in civil engineering. His leadership contributed significantly to the development of railway infrastructure, the execution of metro projects, and the adoption of advanced rail ...Read More >
The South Western Railway (SWR) is poised to unveil its long-awaited Class 701 Arterio trains during a ceremonial event at London Waterloo Station. This significant milestone marks the end of a prolonged five-year delay for the £1bn fleet, originally commissioned in 2017 and expected to enter service by November 2019. While delays have hindered the fleet's initial rollout, the deployment is set to reshape regional travel, bringing modernized infrastructure to one of the UK's busiest rail networks. The Class 701 Arterio trains, built by Derby-based Bombardier, faced extensive delays due to sig ...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 >
CHENNAI: The Chennai Metro Asset Management Limited, a joint venture of Chennai Metro Rail Limited (CMRL) and Tamil Nadu Industrial Development Corporation (TIDCO), has signed the contract for the development of a multimodal facility complex (MMFC) and the redevelopment of the Kuralagam Building at Broadway. The project to redevelop the property at a cost of Rs 566.59 crores was awarded to Bridge and Roof Company (India) Limited. The work is being executed by the Chennai Metro Asset Management Limited (CMAML) along with the Greater Chennai Corporation (GCC). As per the contract agreement sig ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
Mumbai: Senior BJP leader Ravindra Chavan is all set to become the next Maharashtra BJP chief as he filed his nomination for the post of party's state president on Monday. Mr. Chavan presented the nomination forms to Union Minister Kiran Rijiju, who has been appointed as a central observer for the elections by the BJP. Maharashtra Chief Minister Devendra Fadnavis and outgoing party chief Chandrashekhar Bawankule were present on this occasion. With no other nomination being filed for the post, Mr. Chavan is certain to become the next state president of Maharashtra BJP, said party leaders. The ...Read More >