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: To promote planned urban growth and improve affordable housing availability in Delhi, the Centre on Tuesday unveiled a revamped Transit-Orientated Development (TOD) policy, which allows a higher floor area ratio (FAR) within a 500-metre radius of Delhi Metro, the Regional Rapid Transit System (RRTS) and India Railways corridors. In the zones to be taken up under the TOD project, a maximum floor area ratio (FAR) of up to 500 will be permitted on a plot measuring 2,000 sqm and above with an 18-metre road. So far, the base FAR for such projects was 400. Out of the total permissible FAR, 65 per cent has been mandatorily earmarked for residential use with dwelling units with a built-up area of 100sqm for affordable housing. Out of the remaining 35 per cent, 10 per cent FAR will be allowed for the provision of commercial activities and amenities for the housing area. There is flexibility in the usage of 25 per cent of FAR, which can be used for bigger-sized housing, office space, guest houses and studio apartments. The Floor Area Ratio (FAR) is the measurement of a structure's total floor area divided by the total area of the plot. It acts as a zoning tool to control building density, determining the maximum permitted construction size on a property.
Chief Minister Bhupendra Patel marked Urban Development Year 2025 festivities in Ahmedabad. The celebration highlighted the city's status as the cleanest in India, showcased new urban projects, and underscored Prime Minister Modi's vision of transforming urban challenges into growth opportunities, aiming for a sustainable, world-class city future. Chief Minister Bhupendra Patel attended the Urban Development Year 2025 celebration in Ahmedabad, marking significant milestones in the city's urban g ...Read More >
New Delhi [India], July 19 (ANI): The Chief Minister of Uttar Pradesh, Yogi Adityanath, met Prime Minister Narendra Modi and Union Home Minister Amit Shah in New Delhi on Saturday. The Prime Minister's Office (PMO) handle posted on X, "Chief Minister of Uttar Pradesh, Shri @myogiadityanath, met Prime Minister @narendramodi." Also Read | Bihar Electoral Roll Revision: Nearly 42 Lakh Electors Not Found at Addresses During the Ongoing SIR Drive, Says Election Commission. Sharing an X post about the meeting, CM Yogi wrote, "I had the honour of meeting the world's most popular leader, the respec ...Read More >
The Centre and Delhi government announced a revised transit-oriented development policy to boost affordable housing and urban mobility near transit corridors. The Centre and Delhi government on Tuesday announced a revised framework for transit-oriented development (TOD) in the national capital, proposing development within a 500-metre influence zone of Metro, railway and RRTS corridors, covering nearly 207 square kilometres. The revision links high-density, mixed-use development with mass transi ...Read More >
Karnataka has emerged as the second-largest hub for Electric Vehicle public charging stations in India, with 2,039 operational units installed by oil marketing companies. This puts Karnataka just behind Uttar Pradesh in the national rankings, according to data by Ministry of Heavy Industries. According to the data accessed by The Hindu, a total of 2,039 EV public charging stations (EV PCS) installed by oil marketing companies (OMCs) are currently operational in Karnataka. A year-wise analysis sh ...Read More >
Kochi (Kerala), September 12 (ANI): Himachal Pradesh is steadily emerging as a model for mountain urbanisation, with development efforts focused on sustainability and climate resilience, PWD and Urban Development Minister Vikramaditya Singh said on Friday. Addressing the Conclave on 'Sustainable Urbanisation and Climate-Resilient Development, ' Singh said that Himachal, being one of the most ecologically sensitive regions, requires a distinct model of urban growth that balances development with environmental conservation. According to the official statement, the Minister stated that Himachal ...Read More >
Kochi (Kerala), September 12 (ANI): Himachal Pradesh is steadily emerging as a model for mountain urbanisation, with development efforts focused on sustainability and climate resilience, PWD and Urban Development Minister Vikramaditya Singh said on Friday. Addressing the Conclave on 'Sustainable Urbanisation and Climate-Resilient Development, ' Singh said that Himachal, being one of the most ecologically sensitive regions, requires a distinct model of urban growth that balances development with environmental conservation. Also Read | PM Narendra Modi Launches Gyan Bharatam Portal, Says 'Need ...Read More >
Bengaluru: The State Cabinet on Thursday cleared the 117-km Bengaluru Business Corridor (BBC) project around Bengaluru city, Deputy CM DK Shivakumar said. The project will take two years for completion. The proposed corridor will originate and terminate at Tumakuru road. About 73 km of this road will be in North Bengaluru and the rest in South Bengaluru," he said, adding that the project would reduce the congestion in the city by 40%. The project was originally estimated to cost Rs 27,000 crore ...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 >
Guwahati: The East Khasi Hills district administration will enforce a new set of parking regulations from August 1 to improve urban mobility across Shillong in Meghalaya. The initiative, which spans seven key traffic zones including Sadar, Madanrting, Laban, Mawlai, Rynjah, Lumdiengjri, and Laitumkhrah, aims to organize parking in critical stretches of the city. Ready for a challenge? Click here to take our quiz and show off your knowledge! The Urban Affairs Department has introduced standard hourly parking fees, setting the rate at Rs 20 for two-wheelers and Rs 40 for four-wheelers, with z ...Read More >
GUNTUR: In a significant push to urban infrastructure, the Andhra Pradesh government has sanctioned an additional Rs 111.5 crore to strengthen the drinking water supply system in the Mangalagiri-Tadepalli Municipal Corporation (MTMC), represented by Minister Nara Lokesh. Administrative approval was issued by Special Chief Secretary S Suresh Kumar of the Urban Development Department. The new funding is part of a comprehensive project to ensure safe and uninterrupted drinking water supply. A Detailed Project Report (DPR) worth Rs 450.24 crore was earlier prepared to serve 21 villages. Of this, ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population between 3 to 10 lakh. Agra has been recognised as the Emerging Clean City of Uttar Pradesh, securi ...Read More >
Agra: In a major push toward balanced regional development and urban expansion, the Uttar Pradesh government, on Wednesday, unveiled an ambitious plan to transform Agra into a modern, culturally enriched urban centre through the 'Greater Agra' project. Inspired by the model of Greater Noida, the initiative seeks to blend heritage with contemporary infrastructure while easing population pressure on rapidly growing National Capital Region (NCR) cities like Noida and Gurugram. Envisioned under Chief Minister Yogi Adityanath's broader urban expansion strategy, the project is being developed by t ...Read More >
VIJAYAWADA: In a key move to accelerate development in the Andhra Pradesh Capital Region, the State government has notified the Andhra Pradesh Capital Region Land Pooling Scheme (Formulation and Implementation) Rules, 2025. The rules, issued through GO Ms. No.118 by the Municipal Administration and Urban Development (MAUD) Department on July 1, aim to promote planned urban growth with a focus on transparency, citizen-friendly procedures, and digital integration. According to S Suresh Kumar, Principal Secretary, MAUD, the revised rules mark a major milestone in the transformation of Amaravati ...Read More >
Agartala (Tripura) [India], July 12 (ANI): In a significant step towards sustainable urban development, the Agartala Municipal Corporation (AMC) has unveiled a comprehensive new master plan named Greater Agartala, aimed at guiding the capital city growth over the next two decades. Speaking to ANI, Agartala Mayor Dipak Majumder said the new plan was crucial to address the city rapid expansion and to ensure organised development going forward. Agartala has never had a formal master plan, which is why much of the city previous development was unplanned. Greater Agartala aims to correct that cou ...Read More >
Patna: CM Nitish Kumar on Tuesday announced the implementation of the 'Saat Nischay 3.0' (Seven Resolves-3.0) programme for 2025-30, aimed at bringing Bihar into the category of developed states.Announcing the details, Nitish said his govt has set a target to secure at least Rs 50 lakh crore in private investment over the next five years. "Since our govt was formed on Nov 24, 2005, there has been rule of law in the state, and work has been carried out continuously for 20 years for the development of all sectors and sections. I am happy to inform that after achieving the set targets under 'deve ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
BENGALURU, Sept 10 (Reuters) - Australia's home prices will rise around 5-6% over the next two years as lower borrowing costs provide a fillip to home sales, although affordability pressures may cap gains, according to a Reuters poll of property analysts. While a 5% rise pales in comparison with past booms, any sustained growth in house prices will make it harder for first-time buyers to get a foothold in Australia's already expensive housing market - the median home price is nearly eight times ...Read More >
New Delhi: Bengaluru, Delhi, Mumbai, Hyderabad, and Pune are among the top 15 fastest-growing global urban centers by 2033, according to the Savills Growth Hubs Index. Bengaluru tops the Growth Hubs Index as a global leader, recognized for its thriving tech ecosystem and projected high GDP growth per capita while Delhi, on track to become the world's most populous city by 2050, is a magnet for migration and economic activity. The Index focuses on how cities in Asia, particularly India, are poised to outpace their global counterparts through rapid urbanization, robust economic growth, and tec ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access to school admissions, entrance exams and other benefits such as direct benefit transfer, it added.A ...Read More >
Gandhinagar (Gujarat) [India], July 19 (ANI): Chief Minister Bhupendra Patel attended the celebration of Urban Development Year 2025 held in Ahmedabad. As part of the celebration, various development projects were inaugurated during an event organised by the Ahmedabad Municipal Corporation at Tagore Hall. According to an official press release, while congratulating the Ahmedabad Municipal Corporation and all citizens for receiving the award for the cleanest city in the country, CM Patel stated that securing the first rank among cities with a population of over 10 lakhs is a matter of great pr ...Read More >
Mumbai: Bollywood actor Anil Kapoor, along with his son Harsh Varrdhan Kapoor, has bought an apartment in Bandra West, Mumbai, for Rs 5 crore, according to property registration documents reviewed by real estate marketplace squareyards.com on the website of Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. The transaction was registered in August 2025. Upscale Bandra West Location Bandra West is recognized as one of Mumbai's most established and high-value real estate markets, offering a combination of premium residential and commercial properties. The locality comprises ...Read More >
Mumbai, March 31: A state government amendment now allows the BMC to apply the Capital Value System (CVS) from 2010, helping it recover long-pending dues. Earlier, properties taxed on plot "potential" and many hoarding companies paid only 50% tax due to ongoing court cases. With this change, the BMC can now collect the remaining dues, estimated at Rs 252 crore from these companies. Background of tax dispute As per civic data, a total of 1,696 hoardings -- both small and large, including regular and digital formats -- have been installed across the city. The municipal corporation levies char ...Read More >
With a development outlay of ₹1500 Cr (excluding land cost), the Group announced tie-ups with global design leaders DUBAI, United Arab Emirates & NOIDA, India--(BUSINESS WIRE)-- CRC Group, a leading player in North India's real estate sector, has unveiled its uber ultra-luxury experiential residential development, The PERIDONA, located within Jaypee Greens Golf Course in Greater Noida. With a development outlay of Rs15 billion (exclusive of land cost), the project signals CRC's strategic inten ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Union Housing and Urban Affairs Minister Manohar Lal on Tuesday announced the regularisation of 1,511 "unauthorised colonies" of Delhi on "as is, where is" basis, a decision offering relief to 45 lakh migrant residents of these colonies that came up in violation of building bye-laws over the past three to four decades. Addressing a joint press briefing with the Delhi Chief Minister Rekha Gupta, Union Minister Lal said the "legal tag" for the houses in these unplanned colonies will help their residents avail benefits offered by the PM Uday Yojana -- for loan ...Read More >
New Delhi [India], June 7 (ANI): Delhi police have lodged an FIR against anti-social elements involved in spreading misinformation about the demolition drive on the basis of a complaint filed by the Delhi Urban Shelter Improvement Board (DUSIB), a release said. Chief Minister Rekha Gupta had earlier issued an order to take strict legal action against those spreading misinformation about the demolition drive. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to India, Pleading Reinstatement of IWT, Say Sources. The complaint highlights that a list of 675 JJ Basti ...Read More >
New Delhi [India], June 4 (ANI): Lok Sabha Speaker Om Birla on Wednesday said that frequent disruptions--once a recurring feature--have now significantly reduced in Parliament of India, resulting in enhanced productivity and meaningful debate, said Lok Sabha Secretariat in a statement. Inaugurating the first-ever National Conference of Chairpersons of Urban Local Bodies (ULBs) of States and Union Territories in Manesar, Gurugram, he mentioned that the Lok Sabha has increasingly witnessed late-night sessions and long-duration debates, reflecting a mature and responsible democratic culture. He ...Read More >
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared the Jaipur Metro Phase-2 project, a 41-km North-South corridor from Prahladpura to Todi Mod, at a cost of ₹13,037.66 crore, Union minister Ashwini Vaishnaw during at a post-meeting media briefing. The 50:50 Centre-state joint venture, to be executed by Rajasthan Metro Rail Corporation Limited (RMRCL), is expected to be completed by September 2031. "Jaipur has emerged as a major hub for tourism, conferences, healt ...Read More >
Bulandshahr: A court in Bulandshahr delivered its verdict in the Syana violence case that dates back to December 2018. The court convicted all 38 accused individuals, including prominent local activists and community members. Mob Violence Erupted Over Cow Carcass Discovery The violence followed the discovery of cow carcasses near Mahav village, prompting protesters to storm Chingrawathi police outpost. They set vehicles ablaze, leading to escalating chaos. During the riot, Inspector Subodh Kumar Singh and 19‑year‑old Sumit Kumar were fatally shot while attempting to control the mob. Five Fo ...Read More >
New Delhi: Home prices in India are rising faster than expected, driven by strong demand from affluent buyers, while a shortage of affordable housing is keeping many urban residents confined to expensive rental options, according to a recent Reuters survey of property experts. The concentration of well-paying jobs in a few major cities, combined with stagnating wages, has put home ownership out of reach for millions moving to urban areas for work. This trend is forcing most first-time buyers to rent rather than purchase homes. "The current problem is strong macro numbers have not benefited t ...Read More >