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, April 7: A major fire broke out in an LHB sleeper coach at the Matunga carshed in Mumbai at around 3:10 pm, triggering an immediate response from the fire brigade. The blaze was brought under control by 4:00 pm, preventing further escalation. Officials confirmed that nearly 70 percent of the upper portion of the coach was burnt in the incident. However, the underslung equipment remained safe. The affected coach was quickly shifted to an open area, ensuring that no other coaches or workshop infrastructure were damaged. No injuries were reported, offering some relief amid the scare. Welding Sparks Suspected As Cause Preliminary findings indicate that welding work was underway near the toilet area on the CSMT side of the coach at the time of the incident. Sparks generated during the process are believed to have ignited nearby materials. Authorities said strong winds and the non AC nature of the sleeper coach contributed to the rapid spread of the fire. The incident has raised questions about safety measures during maintenance activities, with officials expected to review protocols. Recent Mumbai High Fire Raises Concerns The incident comes close on the heels of another fire reported last week at an offshore installation operated by Oil and Natural Gas Corporation at Mumbai High. The fire broke out around 5:45 pm at the SHP platform, leaving 10 personnel with minor injuries. According to ONGC, emergency teams responded swiftly and brought the situation under control. All injured individuals are stable and undergoing treatment, while operations have resumed. While the exact cause of the offshore fire remains under investigation, the back to back incidents have once again highlighted the need for stringent safety checks across critical infrastructure.
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
Mumbai (Maharashtra) [India], April 4 (ANI): Oil and Natural Gas Corporation (ONGC) on Friday reported a fire incident at its SHP Platform under the Mumbai High Asset, in which 10 personnel sustained minor injuries, even as the blaze was swiftly brought under control and operations were normalised. In a post on X, the company said the fire broke out at around 5:45 PM at the ONGC's Mumbai High oilfield platform. Emergency response measures were immediately activated, ensuring that the situation was contained without escalation. "A fire incident was reported at ~17:45 PM at ONGC's SHP Platform ...Read More >
Mumbai: Panic ensued in a ladies' compartment of a Mumbai local train after a naked man entered the coach. The incident occurred around 4 pm on Monday when the AC local was traveling from Chhatrapati Shivaji Maharaj Terminus (CSMT) to Kalyan. The man, who reportedly boarded the train at Ghatkopar station, caused chaos as women passengers called the TC, who eventually pushed the man out of the train at the next station. Despite being asked repeatedly to leave, the man refused to deboard. A video of the incident has gone viral on social media, showing women passengers shouting at the man to d ...Read More >
New Delhi, Jun 29 (PTI) The Railway Ministry has enhanced the limit on passengers' waiting list from 25 per cent to 60 per cent for all AC classes and 30 per cent for non-AC classes by a fresh order issued on Saturday. The order to cap the waiting list of passengers of all classes at 25 per cent was originally issued on April 17 to all zones as well as the Centre for Railway Information System (CRIS). Also Read | Bengaluru Horror: Woman's Body Found Stuffed in Sack, Dumped in Garbage Truck Near Channammanakere Skating Ground; Murder, Possible Sexual Assault Under Investigation. The CRIS ame ...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 >
Tirupati: A large consignment of mobile phones in the luggage compartment of the Vemuri Kaveri Travels bus may have significantly intensified the inferno and accelerated the loss of lives, it has emerged.A consignment of 234 new smartphones was being transported in the bus going to Bengaluru from Hyderabad. Preliminary investigation revealed that a Hyderabad-based businessman, identified as Manganath, was transporting the consignment of mobile phones, worth approximately Rs 46 lakh, Kurnool polic ...Read More >
Mumbai, Jun 6 (PTI) The first 'Chhatrapati Shivaji Maharaj Circuit Train Tour' has received overwhelming response as all the seats have been booked ahead of the scheduled departure on June 9, the Indian Railway Catering and Tourism Corporation Limited said on Friday. In a release, IRCTC, a 'Navratna' PSU under the railway ministry, said all 710 seats have been booked in 11 coaches. These comprise 480 in the Economy (Sleeper) category, 190 in Comfort (3AC) and 40 in Superior (2AC), indicating strong interest across travel classes, it added. IRCTC in collaboration with Maharashtra government ...Read More >
Mumbai Monorail train stuck between two stations due to power failure (Image: Videograb/X) As continuous rains lash Mumbai leading to flooding, a monorail train got stuck on an elevated track in Mumbai's Vashi Gaon area on Tuesday due to a power supply issue. With several passengers stranded onboard, rescue operations started immediately. The fire brigade reached the spot in a bid to evacuate the passengers using crane. The Maha Mumbai Metro Operation Corporation said the monorail train had ex ...Read More >
A bus fire near Thaiyat village in Jaisalmer claimed 20 lives. Authorities have released helpline numbers for the public to assist in identifying victims and supporting affected families. DNA identification efforts are underway, with an expert team en route to Jodhpur. A day after 20 passengers were killed after a bus travelling from Jaisalmer to Jodhpur caught fire on Tuesday, authorities in the District Administration of Jodhpur and Jaisalmer have issued their respective helpline numbers for t ...Read More >
An unauthorised protest by CR at the heart of Mumbai left the city derailed for more than 45 minutesOn Thursday evening, Central Railway (CR) employees staged a massive 'Rail Roko' protest at Chhatrapati Shivaji Maharaj Terminus (CSMT) against Government Railway Police (GRP) officials after an FIR was registered against two CR engineers over the Mumbra train tragedy of 9 June. The spontaneous protest paralysed Mumbai's Central line for nearly an hour and resulted in the deaths of two pedestrians ...Read More >
Mumbai: Fire Breaks Out In 7th Floor Flat Of Andheri West High-Rise, No Injuries Reported | File Pic (Representative Image) A fire broke out in a residential building in Diva in the early hours of Wednesday, causing concern among residents before being swiftly brought under control. Officials confirmed that no injuries or casualties were reported in the incident. According to the Disaster Management Cell of the Thane Municipal Corporation, the alert was received at around 1:54 am from the Diva ...Read More >
New Delhi: The Railway's decision to limit the passenger waiting list to 25 per cent of the capacity of each class has been flagged by reservation supervisors, ticket booking clerks and some senior commercial officers as uneconomical for the railways and inconvenient for travellers. The ministry, however, has justified the decision, saying less than one-fourth of the total number of waiting passengers get confirmed berths on an average and the 25 per cent cap has been placed in view of that. "The decision was made after meticulously studying the waiting list confirmation pattern," said Dilip ...Read More >
The Mumbai High Asset is one of ONGC's most significant offshore oil fields. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Ten personnel sustained minor injuries in a fire at ONGC's Mumbai High Asset SHP Platform * All injured workers are under medical care and are reported to be in stable condition * Operations at the offshore installation have returned to normal following the incident Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Ten personnel sus ...Read More >
The incident was reported on Monday afternoon at the Ghatkopar railway station. Railway police officials said the man is mentally unstable. Passengers in the women's compartment of a suburban train in Mumbai were left shocked when a naked man climbed on board and had to be removed by a railway staff. The incident was reported on Monday afternoon at the Ghatkopar railway station, when the man climbed the Kalyan-bound AC local train. Despite women passengers raising an alarm, the man did not deb ...Read More >
Mumbai, Aug 19 (PTI) More than 500 passengers were rescued on Tuesday evening after two overcrowded Monorail trains on elevated tracks got stuck between stations in Mumbai on a day of torrential rains, with over a dozen passengers complaining of suffocation, officials said. The rescue operation was over after almost four hours, they said, adding that overcrowding and power supply failure led to the snags. One of the Monorail trains was stuck between Mysore Colony and Bhakti Park, and cranes had to be deployed to rescue more than 400 passengers traveling in it. Over a hundred were evacuated f ...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 >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
The percentage of non-AC coaches on Indian Railways is as high as 70 per cent. Image: ANI Indian Railways has significantly enhanced the travel facilities for the benefit of economically weaker passengers with the number of seats available for non-AC passengers increasing to 54 lakh, which constitutes 78 per cent of the total, while AC seats comprise the remaining 22 per cent, the Parliament was informed on Wednesday. Due to the higher availability of general coaches, the number of passengers t ...Read More >
New Delhi: In a major festive season push, the Union Cabinet on Wednesday approved a Productivity Linked Bonus (PLB) worth Rs 1,866 crore for railway employees, benefiting over 10.90 lakh staff across the country. Union Railways Minister Ashwini Vaishnaw said the bonus, equivalent to 78 days of wages, recognises the dedicated efforts of railway staff in maintaining smooth operations and improving efficiency. "The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways," a Cabinet note said. As per the note, the m ...Read More >
Prayagraj (UP), Aug 19 (PTI) The North Central Railway's Prayagraj division will levy charges on passengers carrying luggage beyond prescribed weight limits and install baggage scanners at stations to curb carriage of narcotics and other prohibited items, officials said on Tuesday. Senior Divisional Commercial Manager Himanshu Shukla told PTI that unbooked luggage is often found in large numbers during train journeys and narcotics have been detected in such baggage. Under the plan, baggage scanners will be placed at entry and exit points, and tags issued for registered baggage. Excess baggag ...Read More >
Bengaluru, Jun 30 (PTI) In a crackdown against autorickshaws overcharging and plying illegally, Karnataka transport department authorities on Monday registered 260 cases and seized 98 vehicles. The action came days after state Transport Minister Ramalinga Reddy directed the transport commissioner to take strict action against app-based and other autorickshaws in Bengaluru that charge fares above the government-fixed rates, calling the practice a "daylight robbery". In a letter dated June 28, the minister said the permits of such autorickshaws should be cancelled and cases registered against ...Read More >
The fire broke out around 7:30 AM when the train (number 12204) was coming from Amritsar. Fatehgarh Sahib (Pb): A fire broke out in a coach of the Amritsar-Saharsa Garib Rath Express near Sirhind railway station here on Saturday morning, officials said. According to the Railway Board, one person sustained minor injuries in the incident, the reason behind which is yet to be ascertained. The fire broke out around 7:30 AM when the train (number 12204) was coming from Amritsar. A Government Rail ...Read More >
Gurugram, Apr 6 (PTI) A fire broke out in four adjacent furniture warehouses in Sector 89 here on Monday, officials said. Preliminary investigation suggested the welding spark as the cause of the fire. No casualties were reported so far, they said. "A warehouse was being constructed nearby, where work was underway to erect a tin shed. It is being said that this spark ignited the fire," police said. They said after receiving information at around 12.15 pm, seven fire tenders were rushed to the spot. A petrol and CNG pump was located right next to the warehouses where the fire broke out. Fea ...Read More >
Kolkata: A fire erupted at Kolkata airport when sparks from welding work ignited a flex in the terminal's arrival area, triggering a mini scare on Wednesday. Prompt action by airport personnel and the airport fire brigade prevented the flames from spreading. According to airport officials, welding operations were being carried out when the fire occurred at 11.20 am. The work is part of the terminal expansion project that will see the airport's capacity enhanced from 2.6 crore passengers per annum at present to 2.8 crore passengers by the end of the year. The flames spread to adjacent areas, ...Read More >
New Delhi, Jun 29 (PTI) The Railway Ministry has enhanced the limit on passengers' waiting list from 25 per cent to 60 per cent for all AC classes and 30 per cent for non-AC classes by a fresh order issued on Saturday. The order to cap the waiting list of passengers of all classes at 25 per cent was originally issued on April 17 to all zones as well as the Centre for Railway Information System (CRIS). The CRIS amended the reservation system and implemented it from June 16. "Just 12 days after implementing the order to cap all waiting list at 25 per cent of the total seats/berths of travelli ...Read More >
New Delhi, June 30 (SocialNews.XYZ) The Ministry of Railways on Monday announced a new fare structure for passenger train services, which will come into effect from July 1. One of the key highlights of the revised structure is that there will be no increase in fares for ordinary non-AC class passengers travelling up to 500 kilometres. The fare rationalisation aims to streamline the existing fare system and improve the financial health of passenger services. The updated fare chart has been issued by the Indian Railway Conference Association (IRCA) and will be applicable across various catego ...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). Also Read | Maharashtra Chakka Jam on July 01: Transp ...Read More >
Mumbai, June 30: In a significant move, the Indian Railways will revise passenger fares across multiple classes starting July 1, 2025, marking the first such increase in five years. This fare hike is being described by officials as the lowest in the past 12 years and is aimed at improving the financial sustainability of passenger services. The Ministry of Railways said that the revision will contribute an additional INR 1,500 crore in annual revenue, which will be used to enhance passenger amenities at stations and onboard trains. The fare hike applies to both ordinary and mail/express trains ...Read More >
Mumbai (Maharashtra) [India], April 4 (ANI): Oil and Natural Gas Corporation (ONGC) on Friday reported a fire incident at its SHP Platform under the Mumbai High Asset, in which 10 personnel sustained minor injuries, even as the blaze was swiftly brought under control and operations were normalised. In a post on X, the company said the fire broke out at around 5:45 PM at the ONGC's Mumbai High oilfield platform. Emergency response measures were immediately activated, ensuring that the situation was contained without escalation. Also Read | WWE SmackDown Free Live Streaming Online, April 3: Ge ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, formerly known as Essar Oil Ltd, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, an ...Read More >