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.
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, completing CMRL's rolling stock contracts. The first two UTO contracts are already underway with supplies in progress.With this order, Alstom's total supply to CMRL Phase-2 rises to 204 Metropolis driverless cars, having already been tasked with building 108 cars for Poonamallee Bypass-Light House corridor. Alstom earlier delivered 208 cars for Phase-1 and is also responsible for track construction along Corridors I and II.Alstom will also maintain the trains for 15 years beyond warranty, including upkeep of depot equipment and spares. Senior CMRL and Alstom officials were present at agreement signing, including CMRL director Manoj Goyal. These trains, part of 'Metropolis' family, will be fully manufactured at Alstom's Sri City facility under Make in India initiative, with design handled by its Bengaluru engineering centre.
The trial runs of the Meerut Metro, part of the Regional Rapid Transit System (RRTS) project, have been completed and three-coach trains are being tested according to the timetable, officials of the NCR Transport Corporation (NCRTC) said. The 82km RRTS corridor linking Delhi, Ghaziabad, and Meerut with Namo Bharat trains is nearing completion and awaits formal inauguration. Meerut has a 23km RRTS network with 13 stations from Meerut (south) to Modipuram (depot). The Namo Bharat trains will halt ...Read More >
Bengaluru / Hosur : Merlinhawk Composites and Engineering Pvt. Ltd., a joint venture between Merlinhawk Aerospace Pvt. Ltd., India, and Vega Composites, Italy, today marked an important milestone with the ceremonial pooja ahead of the commissioning of its advanced composites manufacturing facility at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. The state-of-the-art facility will focus on the manufacture of advanced composite aero structures and materials for aerospace and defence applications, supporting both domestic programmes and international aerospace supply chains. The form ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Union Commerce & Industry Minister Piyush Goyal said in a series of social media posts that he held meetings with the textiles, steel producers in Mumbai and those from the engineering goods sector to discuss strategies for exports. In a post on X, Goyal said, "Held an engaging and forward-looking interaction with the champions of India's agriculture, food-processing and seafood sectors -- the true architects of our food and nutritional security. We discussed a wide range of strategies to scale ...Read More >
New Delhi: Airbus has appointed Jurgen Westermeier as the President and Managing Director for India and South Asia. The appointment of 53-year-old Jurgen, currently the Executive Vice-President and Chief Procurement Officer at Airbus, will be effective from September 1, the aircraft maker said in a release on Wednesday. He will succeed Remi Maillard, who will become Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus. India is a key market for Airbus, ...Read More >
Bengaluru (Karnataka)/ Hosur (Tamil Nadu) [India], April 1: Merlinhawk Composites and Engineering Pvt. Ltd., a joint venture between Merlinhawk Aerospace Pvt. Ltd., India, and Vega Composites, Italy, today marked an important milestone with the ceremonial pooja ahead of the commissioning of its advanced composites manufacturing facility at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. Also Read | Who Is Sahiba Bali? IPL 2026 Anchor and Actress Facing Backlash Over 'The Kashmir Files' and Pakistan Remark in Old Interview. The state-of-the-art facility will focus on the manufacture ...Read More >
The train set, rolled out on March 31, 2026, makes the Kapurthala-based factory the second major facility after Chennai's coach factory to produce Vande Bharat trains In a significant boost to India's rapidly expanding semi-high-speed rail network, Indian Railways has rolled out its first 16-coach Vande Bharat chair car train from the Rail Coach Factory (RCF) in Kapurthala, Punjab. The development marks a major shift in production geography, with North India entering a space that was until now d ...Read More >
New Delhi, Apr 9 (PTI) State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has signed a Technology Collaboration Agreement (TCA) with Korean firm E2S Company Ltd for excitation systems for synchronous machines. This TCA would help BHEL to design, engineer, manufacture, install, commission, service, test, retrofit and sell both static and brushless excitation systems in India and overseas, a regulatory filing said. The TCA would also enable BHEL to maintain its competitive edge and strengthen its capabilities to cater excitation system business for synchronous ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...Read More >
Visakhapatnam: The Indian Navy is set to commission its indigenous nuclear-powered submarine, INS Aridhaman, on Friday, according to defence officials. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' is power!," said the post. Also Read: India set to get bigger, deadlier nuclear submarine INS Aridhaman as Pak eyes 8 Chinese subs INS Aridhaman is an advanced version of the Arihant-class submarines, following earlier inductions such as INS Arig ...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 >
BHUBANESWAR: Vedanta chairman Anil Agarwal has approached Odisha Chief Minister Mohan Charan Majhi to seek support in fast-tracking clearances and accelerating the implementation of the company's ambitious USD 20-billion aluminium project. Vedanta has already committed Rs 1.27 lakh crore investment for a 3 million tonne per annum (MTPA) aluminium smelter in Dhenkanal district and Rs 1 lakh crore investment for a 6 MTPA refinery in Rayagada district. In a letter to the chief minister, Agarwal sa ...Read More >
Lucknow, Mar 11 (PTI) Chief Minister Yogi Adityanath met Nobel laureate Konstantin Novoselov here on Wednesday and discussed possibilities of making Uttar Pradesh a major hub for advanced material research and engineering, officials said. Rajat Verma, chief executive officer of Lohum, and the company's Chief of Staff, Ayush Sabat, were also present during the meeting. According to a press statement, the visiting delegation appreciated the positive investment environment in the state, while the chief minister welcomed Novoselov and the Lohum representatives to Uttar Pradesh. During the meeti ...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 >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Defence Minister Rajnath Singh on Friday landed in Visakhapatnam to attend the commissioning ceremony of INS Taragiri and Aridhaman. The Defence Minister was welcomed by Indian Navy chief Admiral Dinesh Kumar Tripathi. Also Read | Ashok Kharat Viral Videos Scandal: Nashik 'Godman' Arrested in S*x Assault Case Was Named in 2022 Suicide Note. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): The Indian Navy is set to commission its indigenous nuclear-powered submarine, INS Aridhaman, on Friday, according to defence officials. The development was hinted at by Defence Minister Rajnath Singh in a post on X, where he described the submarine as more than just a name, calling it a symbol of power. "Not just a word, 'Aridhaman' is power!," said the post. Also Read | Nagaland Dear Lottery Sambad Result Today 1 PM Live: Dear Victory Friday Lottery Result of April 3, 2026 Declared Online, Watch Lucky Draw Winners List. INS Aridhaman ...Read More >
New Delhi: Airbus has appointed Jürgen Westermeier as the President and Managing Director for India and South Asia, effective September 1, 2025. Currently the Executive Vice-President and Chief Procurement Officer at Airbus, Jürgen will succeed Rémi Maillard who will become Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus. In his new role, Jürgen will spearhead Airbus' business in India and South Asia, across Commercial Aircraft, Defence and Space, and Helicopters. He will be responsible for commercial aircraft sales and for expanding the company's ...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 >
New Delhi: The last pending station on the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor at Sarai Kale Khan is all set to begin operations. Its inauguration is likely to be held on September 17. The new station will reduce the travel time between Sarai Kale Khan and Meerut to under one hour, with stops at each station, officials of the National Capital Region Transport Corporation (NCRTC) said on Saturday. Sources said the inauguration of the corridor is likely to be held on September 17, which is also Prime Minister Narendra Modi's birthday. However, there is no offici ...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 >
CNH is preparing to add a fourth manufacturing facility in India, a move that underlines the company's intent to scale up production capacity and achieve a double digit tractor market share in the medium term. The new unit, which will become CNH's second tractor plant in the country, is under evaluation with land acquisition talks in progress. The site will be larger than the company's existing Greater Noida factory and designed to scale in phases. Gerrit Marx, Chief Executive Officer, confirmed ...Read More >
The American Society of Mechanical Engineers has brought its flagship International Mechanical Engineering Congress & Exposition to India for the first time. The Hyderabad event, running till September 13, focuses on innovation, sustainability, and inclusion across academia, industry, and government Hyderabad: The American Society of Mechanical Engineers (ASME) has brought its flagship International Mechanical Engineering Congress & Exposition (IMECE) to India for the first time. Being held in ...Read More >
"KOCHI: The Cochin Shipyard Ltd (CSL) is keen on building capacity, confidence and credibility, said chairman and managing director (CMD) Madhu S Nair. "We were the first greenfield shipyard in India, the first to build large ships in India and we collaborated with the Indian Navy to build the nation's first aircraft carrier. We launched a warship with more than 90% indigenous content, from design to equipment. "India's maritime story is no longer about building ships, but about building capacity. This is the vision of India reclaiming its historic place among the great maritime nations," sa ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Following the commissioning of INS Taragiri in Visakhapatnam today, the Indian Navy on Friday called it a journey of " strength, stealth and indigenous excellence" which reflects India's rise as a formidable maritime power. "Legacy Reborn. Power Redefined. Presenting the story of INS Taragiri - a journey of strength, stealth and indigenous excellence, reflecting India's rise as a formidable maritime power. From legacy to the future fleet, Taragiri stands ready to safeguard the seas," the 'X' post from Indian Navy said. INS Taragiri will ...Read More >
Visakhapatnam (Andhra Pradesh) [India], April 3 (ANI): Defence Minister Rajnath Singh on Friday commissioned the advanced stealth frigate INS Taragiri in Visakhapatnam. The warship is an advanced stealth frigate under Project 17A of the Indian Navy. Indian Navy chief Admiral Dinesh Kumar Tripathi and Chief of Defence Staff Anil Chauhan were among the attendees, along with other senior Indian Navy officials. The induction of Taragiri comes at a time when the strategic and maritime importance of India's eastern seaboard continues to grow, driven by evolving regional security dynamics and India ...Read More >
Rajkot: Deendayal Port Authority (DPA) on Thursday commissioned the country's first 'Make in India' one megawatt (MW) green hydrogen plant, at Kandla. This is the first phase of a planned 10MW facility and is the first such development at an Indian port.Union shipping minister Sarbananda Sonowal inaugurated the plant, calling it a "new benchmark" in the execution of green hydrogen projects. "DPA has demonstrated a shining example of speed, scale and skill," he said.The plant was set up in four mo ...Read More >
New Delhi, Sep 2 (PTI) Union Minister Ashwini Vaishnaw on Tuesday called India a "lighthouse of stability and growth" amid turbulent global times, and urged global industry leaders to invest in the nation's rapidly expanding semiconductor ecosystem. Speaking at Semicon India 2025, Electronics and IT Minister Vaishnaw highlighted the significant progress made by India in three and a half years since the launch of the India Semiconductor Mission. "In a short span of three and a half years, we have the world looking at India with confidence. Today, construction of five semiconductor units is go ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the year ...Read More >
New Delhi, September 30 (IANS): As the India-European Free Trade Association (EEFTA) Trade and Economic Partnership Agreement (TEPA) comes into effect from October 1, the India-EFTA Desk has been inaugurated as a single-window platform to facilitate EFTA investments in renewable energy, life sciences, engineering, and digital transformation, while fostering joint ventures, SME collaborations, and technology partnerships, the government said on Tuesday. The TEPA establishes India's first FTA with four developed European nations and commits $100 billion in investments and 1 million direct jobs ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) India's industrial and warehousing market remained resilient in 2025, with cumulative demand across the top eight markets reaching 26.5 million square feet in the first nine months of the year, reflecting an 11 per cent year‑on‑year increase, a report said on Tuesday. The report from Colliers said that annual demand could reach 30--40 million sq ft, with new supply likely to remain elevated at 35-40 million sq ft in 2025. Third‑party logistics (3PL) players continued to dominate leasing activity, accounting for nearly one‑third of warehousing demand, while ...Read More >