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.
Surat (Gujarat) [India], April 2 (ANI): The Mumbai-Ahmedabad Bullet Train project will be serviced by three Rolling Stock depots located at Sabarmati and Surat in Gujarat and Thane in Maharashtra. Surat Rolling Stock depot, with an area of about 27 Ha, will be equipped with facilities for the commissioning and maintenance of the trains. It will have state-of-the-art equipment for light maintenance of trainsets with inspection bays, washing plant, stabling lines, etc, an official release said. D
Mumbai, Apr 2 (PTI) Work on the 21-km underground tunnel of the Mumbai-Ahmedabad bullet train corridor has progressed to advanced stages, with about 5 km of the stretch excavated using the New Austrian Tunnelling Method (NATM), the National High Speed Rail Corporation Limited (NHSRCL) said on Thursday. Work has now moved to the installation of critical systems inside the tunnel, the NHSRCL said in a statement. "The 21-km tunnel between Bandra Kurla Complex (BKC) in Mumbai and Shilphata includes a 5-km NATM section between Ghansoli and Shilphata, where excavation has been completed, paving th ...Read More >
Katra, June 06: The Chamber of Tourism, Trade and Industry Katra (CTTIK) Friday extended heartfelt gratitude to the Prime Minister Narendra Modi for inaugurating and flagging off the much-anticipated Vande Bharat Express on the Katra-Srinagar railway line. This significant milestone is hailed as a transformative development for the Union Territory of Jammu and Kashmir, promising enhanced connectivity, economic growth, and spiritual resurgence. In addition to launching the Vande Bharat service, the Prime Minister also inaugurated two of India's most remarkable engineering feats: the Chenab Rai ...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 >
Srinagar: Imagine gliding effortlessly above the clouds atop the world's highest railway bridge, with panoramic views of snow-capped peaks, lush green valleys, and rivers carving their way through rugged mountains. This is the experience Kashmir's first high-speed train journey offers -- promising to transform travel and tourism in the region forever. On Friday, Prime Minister Narendra Modi inaugurated two cutting-edge Vande Bharat trains running between Katra and Srinagar, slashing travel time by hours and providing year-round, reliable connectivity to the Kashmir valley. This train ride doe ...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 >
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 >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Surat (Gujarat) [India], April 2 (ANI): The Mumbai-Ahmedabad Bullet Train project will be serviced by three Rolling Stock depots located at Sabarmati and Surat in Gujarat and Thane in Maharashtra. Surat Rolling Stock depot, with an area of about 27 Ha, will be equipped with facilities for the commissioning and maintenance of the trains. It will have state-of-the-art equipment for light maintenance of trainsets with inspection bays, washing plant, stabling lines, etc, an official release said. Also Read | CBSE Rolls Out Curriculum on Computational Thinking, AI for Classes 3-8 From 2026-27 Aca ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
New Delhi [India], August 28 (ANI): The Appointments Committee of the Cabinet (ACC) has extended the tenure of Satish Kumar as Chairman and Chief Executive Officer (CEO) of the Railway Board for a further period of one year, effective from September 1, 2025. An order dated August 27 from the Secretariat of the Appointments Committee of the Cabinet, reads, "The Appointments Committee of the Cabinet (ACC) has approved the extension in tenure of Satish Kumar, Indian Railway Management Service (IRMS) (Retd.) as Chairman & Chief Executive Officer (CEO), Railway Board for a further period of one yea ...Read More >
A Russian‑Indian joint venture has showcased the first design of a new high‑speed sleeper coach at the International Railway Equipment Exhibition in New Delhi. Kinet is a joint venture between Russian rolling stock companies and Indian government-owned Rail Vikas Nigam Limited (RVNL) for the manufacturing and maintenance of 120 Indian 'Vande Bharat' high-speed trains. The venture is expected to unveil the first prototype in June 2026, with manufacturing set to begin by the end of December, ...Read More >
Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. New Delhi, Union Railway Minister Ashwini Vaishnaw on Wednesday highlighted India's remarkable progress in railway modernisation under the leadership of Prime Minister Narendra Modi, stating that the results of the past 11 years are clearly visible. Speaking a ...Read More >
New Delhi [India], March 31 (ANI): Texmaco Rail & Engineering Limited has secured a significant contract from the JSW Group for the manufacture and supply of freight wagons. According to Texmaco, the total value of the order stands at approximately Rs 421.38 crore, which includes Goods and Services Tax (GST). The base value of the contract, excluding taxes, is pegged at Rs 357.11 crore. The Kolkata-headquartered company received a Letter of Intent (LOI) from JSW Group Companies for the production of 20 rakes of freight wagons. The order comprises various specialized rolling stock, including B ...Read More >
A visually animated video showing three high-speed trains seamlessly crossing paths at a railway junction has gone viral across social media platforms. The video, often shared with patriotic captions, has been widely mistaken for real footage showcasing India's railway capabilites, with some users attributing it to Railway Minister Ashwini Vaishnaw's leadership. However, the clip is entirely computer-generated. The animation depicts an elaborate X-shaped junction where three trains pass each ot ...Read More >
Shilphata (Maharashtra) [India] July 11 (ANI): On July 9, the first breakthrough was achieved in the 21 km long tunnel being constructed between Bandra-Kurla Complex (BKC) and Shilphata in Maharashtra, marking the successful completion of a 2.7 km continuous tunnel section. Out of the total 21 km tunnel, 5 km is being constructed using the New Austrian Tunnelling Method (NATM) between Shilphata and Ghansoli, while the remaining 16 km will be built using Tunnel Boring Machines (TBMs). The tunnel also includes a 7 km long undersea section beneath Thane Creek. To expedite tunnelling in the NATM ...Read More >
Srinagar, June 5: Indian Railways will commence regular operations of two new Vande Bharat Express trains between Shri Mata Vaishno Devi Katra and Srinagar from June 7, following their official inauguration by Prime Minister Narendra Modi tomorrow, June 6. The trains will offer passengers a fast, reliable, and modern travel option, running six days a week in both directions, officials said on Thursday. Prime Minister Modi is expected to flag off the two specially designed Vande Bharat trains running between Srinagar and Katra on June 6, marking the completion of the long-awaited project to li ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chief Minister said, "This survey result is the irrefutable answer given by the BJP government itself to ...Read More >
New Delhi: The Supreme Court Friday asked BJP leader Rajiv Babbar to consider closing the defamation case against Congress MP Shashi Tharoor over his statement comparing Prime Minister Narendra Modi to a scorpion. A division bench of justices MM Sundresh and N Kotiswar Singh verbally remarked "let us close all these things. Why get so touchy about all this? This way, administrators and judges come in the same group and have thick skin". The development took place during the resumed hearing of a plea filed by the senior Congress leader against a Delhi High Court order refusing to quash the cas ...Read More >
New Delhi, Sep 26 (PTI) Infrastructure consultancy firm Aarvee Engineering Consultants Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO) comprising fresh issuance of shares worth Rs 202.5 crore. Apart from the issue, there will be an offer for sale (OFS) component of 67.5 lakh shares by a promoter, according to the draft red herring prospectus (DRHP) filed on Thursday. The Hyderabad-headquartered company, may consider a pre-IPO placement of equity shares aggregating up to Rs 40.5 crore. If such placement is completed, the amo ...Read More >
The Transportation Infrastructure business vertical of Larsen & Toubro has won a large order from the National High Speed Rail Corporation (NHSRCL) to construct 156 Route Km (RKM) of high-speed ballastless track (Package T1) for the Mumbai Ahmedabad High Speed Rail (MAHSR) Corridor. According to the company's project classification, the order is valued in the range of Rs 2,500 crore to Rs 5,000 crore. The scope includes design, supply, construction, testing & commissioning of track-works, on Des ...Read More >
Hyderabad: Twelve people were arrested in connection with Wednesday's violent protest against an ethanol factory proposed at Pedda Dhanwada village in Jogulamba district. Sub-inspector D Jagadeeswar said the police used video footage to identify those involved in the unrest.In a video statement on Thursday, the SI said notices were issued to five others. "Protesters came armed with sticks and red chilli powder. They pelted stones at the police and set fire to a container and makeshift shelters meant for workers," he said, warning that more arrests would follow. "We urge villagers to maintain p ...Read More >
Valsad (Gujarat) [India], July 8 (ANI): The bridge on the Daman Ganga River located in the Valsad district of Gujarat has been completed for the Mumbai-Ahmedabad Bullet Train project. According to a release, this is the sixteenth river bridge completed out of the planned 21 river bridges in Gujarat for the project. All five river bridges located in Valsad district have now been completed. In total, 25 river bridges are being constructed along the entire corridor. Also Read | Shabana Azmi and Javed Akhtar Reiterate Their Faith in Air India After AI 171 Crash As Both Travel to London To Attend ...Read More >
Prime Minister Narendra Modi visited Surat to inspect the ongoing construction of the bullet train station. He reviewed the progress of the Mumbai-Ahmedabad High-Speed Rail Corridor. Later, the Prime Minister will visit Dediapada to address a gathering and inaugurate development projects worth over Rs 9,700 crore. He will also offer prayers at a local temple. Prime Minister Narendra Modi on Saturday visited the under-construction bullet train station in Gujarat's Surat to review the progress of ...Read More >
Chennai: Chennai Metro Rail Limited (CMRL) finalised its last set of trainsets for Phase-2 by awarding a 1,538.35-crore contract to Alstom Transport India for 32 driverless trains. Each trainset will have a passenger capacity of around 900.As per the delivery schedule, the first driverless train will be handed over by February 2027 for testing at Phase-2 depot, with remaining rakes to follow between Sept 2027 and May 2028. A 14-month integrated testing period is planned before commissioning.This order is the third and final UTO (Unattended Train Operation) procurement for CMRL Phase-2, complet ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Railway Minister Ashwini Vaishnaw on Sunday said that India's first bullet train between Mumbai and Ahmedabad will commence operations "very soon," and it will reduce travel time between the two cities to just 2 hours and 7 minutes. Talking to reporters at the Bhavnagar terminus in Gujarat, after virtually flagging off three trains: the Ayodhya Express, Rewa-Pune Express, and Jabalpur-Raipur Express, Vaishnaw stated that the bullet train project is moving quickly. Mumbai's Bandra Kurla Complex (BKC) will be connected to major cities of Gujarat, such as Vapi, ...Read More >
Since March 31, a convoy of multi-axle trailers has been inching forward on Mumbai's roads each night, accompanied by escort vehicles including a towing vehicle. The trailers, carrying multiple parts of two tunnel boring machines (TBMs), are on their way from the Jawaharlal Nehru Port (JNPT) to Vikhroli and Savali, a distance of about 62 kilometres and 51 kilometres, respectively. The TBMs, weighing 6,000 tonnes in total, are for the 21-km underground tunnel stretch of the Mumbai-Ahmedabad High- ...Read More >
India is expected to use Japan's E5 Shinkansen bullet trains for trials on the Mumbai-Ahmedabad high-speed rail corridor and adopt the newer E10 variant for commercial operations around 2030, officials told ET. The E10 trains will debut simultaneously in India and Japan. The 508-km corridor, built with Japanese Shinkansen technology, is on track for commercial launch in 2027, with the first prototype expected by 2026. India likely to use E5 variant Japanese-make bullet trains for trials and then ...Read More >
New Delhi [India], August 28 (ANI): The Appointments Committee of the Cabinet (ACC) has extended the tenure of Satish Kumar as Chairman and Chief Executive Officer (CEO) of the Railway Board for a further period of one year, effective from September 1, 2025. An order dated August 27 from the Secretariat of the Appointments Committee of the Cabinet, reads, The Appointments Committee of the Cabinet (ACC) has approved the extension in tenure of Satish Kumar, Indian Railway Management Service (IRMS) (Retd.) as Chairman & Chief Executive Officer (CEO), Railway Board for a further period of one yea ...Read More >
Jaipur, Aug 28 (PTI) The Rajasthan High Court on Thursday cancelled the contentious police sub-inspector recruitment exam-2021 owing to paper leak. Justice Sameer Jain in a detailed judgment cancelled the exam 2021 which was the bone of contention for both BJP and Congress governments in the state. "Illegality and fraud on the system was so conspicuous. It is strange that the state government did not take action any decision on the subject. The court's decision hopefully will act as a deterrent for the gangs playing with the future of youths," said senior advocate Major R P Singh who represe ...Read More >
Lucknow: A man accused of kidnapping and raping a three-year-old girl in Lucknow was killed in an encounter with police in the early hours of Friday. The accused was identified as Deepak Verma, 24.Police said he was a habitual offender, and several criminal cases were lodged against him at various police stations. Police had announced a reward of Rs 1 lakh for any information leading to his arrest.On Thursday, a complaint was registered at Alambagh police station that a three-year-old girl was kidnapped and raped. The minor sustained multiple injuries to her private parts.Deputy commissioner o ...Read More >