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.
BENGALURU: The disruption in LPG supply has nearly driven autorickshaws off the road in the city. Commuters are mostly relying on CNG-fitted autorickshaws. Bowring Service Station on St. Mark's Road, one of the few LPG bunkers in service on Wednesday, ran out of supply on Thursday. A station-in-charge said that there would not be any supply on Friday as well. Sajan, who owns and drives an LPG-run autorickshaw, lives in KR Puram. "Someone told me in the morning that a bunker in Bannerghatta had LPG supply. But it did not make any sense to go to Bannerghatta from KR Puram to fill my vehicle, especially because even if the information was genuine, it was likely that the supply would run out before I reached," he said, adding that all he and LPG drivers like him could do is wait and follow the news for updates. 'Many auto drivers hoard LPG despite supply' Ismail Pasha, owner and driver of an LPG-run autorickshaw, said, "I am helpless. Every now and then we get unconfirmed reports of LPG bunkers with supplies, but we know that there will be long queues there anyway." CNG is, however, available. Ahmed Khan, a CNG-run autorickshaw owner and driver, expressed both relief about his situation, and sympathy for his friends who were awaiting LPG supply. According to M Manjunath, President of Adarsha Auto and Taxi Drivers' Union, around 80,000 autorickshaws run on LPG, and around 1,00,000 run on CNG. "The situation is being worsened by the fact that a lot of LPG bunkers across the city are in the process of being shut down and converted into CNG bunkers. There are also many drivers who are hoarding LPG despite having adequate supply for their vehicles, causing others to miss out," Manjunath added.
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: State transport minister Pratap Sarnaik on Friday issued a media statement, warning of a crackdown on aggregator cabs, autos, and bikes in Mumbai if they fail to comply with rules as per the state transport department orders. This came a day after the transport commissioner's office issued directives to aggregator firms such as Uber, Ola, and Rapido to implement MMRTA-approved AC Kaali Peeli taxi and auto fares on their app and have provisions for surge pricing and a drop in fares during lean periods. For bike taxis, the transport department has not allowed surge pricing for aggregator ...Read More >
Drivers are demanding that aggregators implement the new fare structure under the Maharashtra Aggregator Policy, 2025, announced by the Maharashtra government on September 16. They also want the state to set up a welfare board for drivers. Their primary complaint, however, is that the aggregator companies such as Uber, Ola and Rapido have refused to implement the new fare structure. Under the new policy, the base fare for aggregator cabs will be ₹22.72 per km, while the fare for aggregator aut ...Read More >
Mumbai, Nov 17 (PTI) Mahanagar Gas (MGL) on Monday said compressed natural gas supply to pumps in the financial capital will be restored by Tuesday noon. Nearly 60 per cent, or 225 of the 389 CNG pumps supplying gas to the megapolis, are operational, the gas utility said in a statement. "Due to stoppage of gas supply in CGS Wadala, and thereby the MGL pipeline network, few CNG stations in Mumbai, Thane, and Navi Mumbai are not operational," MGL said in a statement, which came after reports of widespread inconvenience to people in the city. It can be noted that gas supply to the pumps has be ...Read More >
New Delhi: All city gas distribution (CGD) companies will now pay the same pipeline tariff regardless of their distance from the gas supply source, a measure that will help reduce transportation costs for licensees and potentially lower cooking and transport fuel prices in far-flung licensed areas. The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended the Natural Gas Pipeline Tariff Regulations, introducing key reforms to the sector. These include streamlining unified tariff zones, allowing a single pipeline tariff for CGD companies, and creating a dedicated pipeline development ...Read More >
Mumbai, Jul 19 (PTI) The Maharashtra Gig Kamgar Manch on Saturday suspended the ongoing strike of drivers of app-based taxis in Mumbai and other cities of Maharashtra for three days. Keshav Nana Kshirsagar, president of the association, told PTI that the strike, which started on Wednesday, was being suspended till next Tuesday to give time to the Maharashtra government to respond to their demands. "We have only suspended the strike, not called it off. If our demands are not accepted by Tuesday, services will be shut again," he said. At a meeting with the association's representatives, trans ...Read More >
New Delhi: Maruti Suzuki India Ltd (MSIL), the country's largest passenger vehicle maker, has termed GST 2.0 as a positive tsunami for the auto industry. In an interview with ANI, Partho Banerjee, Senior Executive Officer, Marketing & Sales said that dealer partners are working day and night in showrooms to deliver cars to customers. "Our finance partners are busy sanctioning loans as soon as possible and giving delivery orders so that we can deliver cars to customers. The reason behind this rush is GST 2.0 reforms. This has created positivity everywhere," he said. In August, when the GST Co ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
Chennai , Long queues of motorists were seen outside petrol stations across Tamil Nadu on Thursday as panic buying took hold of several cities, triggered by a worsening shortage of commercial LPG that has already forced numerous eateries to shut down or drastically reduce their menus. While oil marketing companies and state government officials have repeatedly assured the public that there is no shortage of petrol or diesel, the sight of dry outlets in the commercial gas sector has sparked wides ...Read More >
New Delhi: Maharashtra's Transport Minister, Pratap Sarnaik, announced that the state government has decided to make permits mandatory for passengers carrying electric rickshaws and e-bikes. This initiative will ensure uniformity in transport sector rules, according to Sarnaik. Earlier, the Maharashtra government decided not to issue new permits for the autorickshaws (with yellow-and-black registration plates) in the state. Additionally, the transport department temporarily suspended the permits of three operators to use e-bikes. After the announcement of the mandate permitting electric rick ...Read More >
Mumbai: Drivers using ride-hailing apps like Ola, Uber, and Rapido have initiated strikes in Mumbai, Pune, and Nagpur to demand improvements in pay and working conditions. The labour action, which began mid-week, has led to approximately 70 per cent of cabs being off the road, creating significant disruption for daily commuters, especially at airports and railway stations where many passengers are stranded. Commuters are experiencing heightened wait times and increased pricing due to fewer cabs available, with significant disruptions reported during rush hours, especially for school runs and ...Read More >
Pune: The Indian Gig Workers' Front on Saturday evening suspended the ongoing strike of cabs and autorickshaws operating on applications till Tuesday, after leaving many commuters, including those arriving at the airport on Saturday morning, hassled. Keshav Kshirsagar, the president of the front, said, "We have a meeting on Tuesday with senior officials of the state transport department. If its decisions don't meet our expectations, the strike will resume." Several commuters had a harrowing experience on roads on Friday and in the early hours of Saturday. Cabs and autos were hard to come by. T ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a spike in sales from day one on September 22, when the new slashed rates came into effect. Encouraged ...Read More >
CNG supply in Mumbai was disrupted on Sunday following damage to a main gas pipeline operated by GAIL, PTI reported. Mahanagar Gas (MGL) said the incident affected gas flow to its City Gate Station (CGS) at Wadala, impacting CNG availability across the network. A large share of the city's autorickshaws, taxis -- including those operated by ride-hailing firms -- and several buses run by public transport undertakings rely on CNG supplied by MGL. The company said it had prioritised piped natural g ...Read More >
New Delhi/Ghaziabad, June 6 (SocialNews.XYZ) Delhi Chief Minister Rekha Gupta's security was beefed up on Friday after a caller issued a death threat by dialling up the police control room in the neighbouring city of Ghaziabad, an official said. The caller, who made the death threat to Delhi Chief Minister, turned off his mobile phone immediately after communicating the message to the PCR at 11 p.m. on Thursday, said Ghaziabad's Deputy Commissioner of Police (City). The inter-state coordination cell of Ghaziabad Police informed the Delhi Police about the death threat call made in connection ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
HYDERABAD: In a major move aimed at reducing pollution and improving urban transport in Hyderabad, the Telangana government has approved the introduction of 65,000 new eco-friendly auto rickshaws within the city limits and the Outer Ring Road (ORR). The decision, driven by Transport Minister Ponnam Prabhakar and aligned with Chief Minister Revanth Reddy's vision, is expected to contribute to environmental sustainability and employment generation. The state issued GO No. 263 relaxing the long-standing cap on new auto rickshaw permits within Greater Hyderabad. For over two decades, restriction ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In his address at the plenary session of the All India Petroleum Dealers Association (AIPDA) conclave, the minister said that the Government has ensured affordable and uninterrupted energy supply to citizens, even during times of global uncertainty. Highlighting India's achievements in the biofuels ...Read More >
Durgapur (West Bengal) [India], July 19 (ANI): Union Petroleum and Natural Gas Minister Hardeep Singh Puri said that over 10.33 crore women have been provided with free connections of Liquefied petroleum gas (LPG) under the Pradhan Mantri Ujjwala Yojana (PMUY). He stated that there were 14 crore LPG connections in 2014, and the number of connections has increased to 33 crore as of 2025. LPG Connection: Year 2014 - 14 crore and Year 2025 - 33 crore, Puri said while addressing the gathering here, adding, Under the guidance of PM Narendra Modi, the past 11 years have brought an LPG revolution t ...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 >
New Delhi, Sep 5 (PTI) Tata Motors on Friday said it will cut passenger vehicle prices ranging between Rs 75,000 and Rs 1.45 lakh effective September 22 to pass on the full benefit of GST reduction to customers. The Mumbai-based auto major said that its small car Tiago will see a price drop of Rs 75,000, Tigor Rs 80,000, and Altroz Rs 1.10 lakh. Similarly, the price of compact SUV Punch will come down by Rs 85,000 and that of Nexon by Rs 1.55 lakh. Mid-sized model Curvv would also see a price cut of Rs 65,000, Tata Motors said in a statement. Prices of company's premium SUVs - Harrier and ...Read More >
Hyderabad: The government announced on Saturday that it would grant permits for 65,000 green autorickshaws to ply within the Outer Ring Road (ORR) limits. Permission has been granted for operating 20,000 electric autorickshaws, 10,000 fuelled by CNG, 10,000 by LPG and 25,000 retro-fitted electric three-wheelers. No permissions shall be given to petrol or diesel autorickshaws. Earlier, no new autorickshaws were delivered or sold to people unless they submitted a certificate issued by the transport department that they had scrapped their old vehicles. Government's special chief secretary Vikas ...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 >
Pune was thrown into chaos as cab and auto drivers using app-based services went on strike. Passengers encountered not only increased fares but also instances of violence, making their travel experience perilous. Arguments with passengers and overcharging marred the indefinite strike called by aggregator app-based cab and auto drivers from Friday in the city. Among the worst affected were flyers arriving at the airport and struggling to find further travel options. A woman on her way to a doctor ...Read More >
Pune: Arguments with passengers and overcharging marred the indefinite strike called by aggregator app-based cab and auto drivers from Friday in the city. Among the worst affected were flyers arriving at the airport and struggling to find further travel options.A woman on her way to a doctor near Amanora Mall said she was mistreated by some autorickshaw drivers on strike. "I had hailed an auto and was on my way to the doctor when a group of other autorickshaw drivers stopped the driver. They snatched his cellphone and forcibly tried to pull me out of the vehicle, stating that a strike was on," ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
MUMBAI: The long-pending automated Mass Rapid Transit System (MRTS) at Bandra Kurla Complex (BKC) -- popularly known as the pod taxi project -- has received clearance from the Maharashtra Coastal Zone Management Authority (MCZMA), the state body tasked with safeguarding the coastal environment. Estimated at ₹1,016.34 crore, the project is slated for completion within three years, and aims to enhance last-mile connectivity to the business hub, catering to an estimated 400,000 to 600,000 daily commuters. While the initiative promises to ease transportation challenges, it raises concerns about i ...Read More >
CHENNAI: The Centre has cleared the decks for bike taxis by allowing state governments to permit non-transport (private) motorcycles to carry passengers through aggregator platforms. The move comes under the newly released Motor Vehicle Aggregator Guidelines, 2025 and marks the first time private registered two-wheelers have been considered for commercial ride services. The decision comes even as auto and cab driver associations in Tamil Nadu continue to push for a ban on bike taxis, citing safety and livelihood concerns. Karnataka has already banned the service. The guidelines, issued by th ...Read More >
Durgapur (West Bengal) [India], July 18 (ANI): Prime Minister Narendra Modi on Friday laid the foundation stone, inaugurated and dedicated to the nation development projects worth over Rs 5,400 crore in Durgapur, West Bengal. Addressing the gathering, the Prime Minister remarked that Durgapur, known as a Steel City, is also a major hub of India labour force. He acknowledged the significant contribution to India development and stated that today presents an opportunity to further strengthen that role. Prime Minister Modi emphasized that the projects launched today will enhance connectivity in ...Read More >
New Delhi, Jun 6 (PTI) India's biggest gas utility GAIL has started operating its 5 million tonnes a year liquefied natural gas (LNG) import terminal at Dabhol in Maharashtra at full capacity as it received its first ever cargo at the facility during monsoon. The company had to shut the Ratnagiri terminal, popularly known as the Dabhol LNG plant, for four months from May 25 each year to avoid high swell in the sea damaging ships or the jetty while berthing. The firm has now completed building a breakwater to guard the ships during the monsoon season. "GAIL (India) Limited has successfully be ...Read More >