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.
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-
Mumbai: Maharashtra will connect the Nagpur-Mumbai Samruddhi expressway corridor to the upcoming greenfield Vadhvan port, slated to be the country's biggest such facility, via the Nashik highway, the upcoming Delhi-Mumbai greenfield expressway corridor, the Mumbai-Ahmedabad highway, the under-construction bullet train corridor, and the coastal road that is planned to be extended up to the port."The Prosperity corridor will have up to 500 MW to 1,000 MW capacity solar plant along it with 200 MW starting soon, besides a huge gas pipeline that will supply PNG not only to cities but also to power ...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 >
New Delhi, Sep 15 (UNI) Road Transport and Highways Minister, Nitin Gadkari today said that India has surpassed Japan to become the third-largest automobile market globally, and the government is targeting the number one position within the next five years. "All major global automobile brands are now present in India. Their focus has shifted from merely assembling to exporting vehicles from India to the world," Gadkari was quoted as saying in an official statement here. He unveiled an ambitious roadmap to position India as the world's leading hub for automobile manufacturing, green mobility, ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...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 >
Mumbai, Jun 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Sunday said Congress MP Rahul Gandhi, instead of introspecting on the defeat in the 2024 state assembly polls, has been repudiating the mandate given by the people because they rejected him. The leader of opposition in the Lok Sabha is preparing his excuses for future defeats in the upcoming assembly elections, including Bihar, Fadnavis said in his articles published in the Indian Express and Marathi daily Loksatta. On Saturday, Gandhi, in an article published in several newspapers and in posts on X, claimed the 2024 Maharas ...Read More >
Mumbai: A major milestone was achieved on Wednesday in the construction of the Mumbai-Ahmedabad bullet train corridor, with the first breakthrough in the 21km tunnel between BKC and Shilphata. The breakthrough marks the completion of a 2.7km continuous tunnel section in India's first high-speed rail project.The BKC-Shilphata tunnel includes a 7km stretch beneath Thane creek. Of the 21km, 16km will be built with tunnel boring machines and the remaining -- from Shilphata to Ghansoli -- using the new Austrian tunnelling method (NATM). To speed up NATM works, an additionally driven intermediate tu ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Ahmedabad: Work on the bullet train project took a major step forward with the completion of eight large circular piers for a bridge being built over the Sabarmati river in the city. The bridge is part of the Ahmedabad-Mumbai bullet train corridor and will be 36m (about 12 storeys) tall and 480m long.The bridge is being constructed next to the existing Ahmedabad-Delhi railway line. In comparison, the bullet train bridge will be significantly taller -- around 118 feet above the river level.Officia ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's industrial growth and it is imperative that this vital sector undergoes a transformative shift towards ...Read More >
New Delhi [India], July 13 (ANI): Sneha Debnath, a 19-year-old girl from Sabroom in South Tripura district, reportedly went missing in the national capital. Following this, Tripura Chief Minister Manik Saha gave necessary instructions to the police to take immediate and appropriate action on the matter. Also Read | Trump Announces 30% Tariffs on EU Goods as Trade Talks Stall. In a statement posted on its official social media account, the Tripura Chief Minister's Office stated, "The report of Miss Sneha Debnath, a resident of Sabroom, who has reportedly gone missing in New Delhi, has come t ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Hyderabad: Telangana CM Revanth Reddy left for the SLBC tunnel in a chopper from the Begumpet airport on Monday, November 3. Accompanied by cabinet ministers N Uttam Kumar Reddy and Komatireddy Venkat Reddy, the CM will launch the aerial electromagnetic survey for SLBC tunnel works, part of which had collapsed earlier in February. On February 22, a portion of the Srisailam Left Bank Canal (SLBC) tunnel in Nagarkurnool collapsed, locking eight workers, including two engineers, inside the debris and slush. Eight persons-engineers and labourers were trapped under the collapsed roof of the SLBC t ...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 >
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 >
Navi Mumbai: In a bid to meet the projected water demand of 1,257 million litres per day (MLD) by the year 2050, the City and Industrial Development Corporation (CIDCO) has embarked on a series of critical water infrastructure projects across Navi Mumbai. These initiatives aim to support the city's rapid development and ensure sustainable water supply to areas under CIDCO's jurisdiction, a statement released by the planning authority on Friday, said. One of the key initiatives is the augmentation of the Hetawane Water Supply Scheme, which is currently progressing in four phases and is expect ...Read More >
HYDERABAD: With the kharif season underway and farmers facing an acute shortage of urea, agriculture minister Tummala Nageswara Rao has written to the Centre, urging immediate intervention to ensure timely and sufficient supply of the critical fertiliser. In letters addressed to Union minister for chemicals and fertilisers JP Nadda, Tummala highlighted the alarming gap between the state's demand and actual supply. The minister said the Centre had allocated five lakh metric tonnes of urea to Telangana for the months of April, May, and June. However, only 3.06 lakh metric tonnes have been suppli ...Read More >
Mumbai: Vivek Kumar Gupta, an IRSE officer from the 1988 batch, has taken charge as General Manager, Western Railway. Before this appointment, he served as the Managing Director of NHSRCL, overseeing India's inaugural Bullet Train Project implementation.After taking charge, Gupta conducted an inspection at Churchgate and Marine Lines stations and a footplate inspection of the Churchgate - Marine Lines section on Sunday. He also interacted with passengers and staff. He took note of safety, train operations, passenger and staff amenities, and cleanliness, an official said.In his previous role, G ...Read More >
New Delhi, July 14 (SocialNews.XYZ) The Railways Ministry has dismissed as baseless and misleading some reports claiming that India has decided not to run the Japanese bullet train on the Mumbai-Ahmedabad route. Releasing a fact check on these 'fake news' reports, the Ministry said that it has taken no such decision to reject Japanese technology. "Some articles and social media posts claim that the Ministry of Railways has decided to not run the Japanese bullet train on the Mumbai-Ahmedabad route. This claim is misleading! The Railway Ministry has made no such decision," said a statement. T ...Read More >
Surat (Gujarat) [India], October 3 (ANI): Minister of Railways Ashwini Vaishnaw, along with Japan Minister of Land, Infrastructure, Transport and Tourism Hiromasa Nakano, on Friday inspected the construction of the Surat stretch of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) bullet train project. The Japanese Minister was accorded a traditional Garba welcome at the Surat airport. The two Ministers reviewed significant aspects of the project during their visit, including the advanced track slab laying car and the track slab adjustment facility, both key components. They expressed satisfacti ...Read More >
New Delhi, Jan 14 (PTI) The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday. Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products. "Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonne ...Read More >
NEW DELHI: In a dramatic turn of events, Canadian PM Mark Carney called PM Modi and invited him for the G7 summit that begins eight days from now at Kananaskis in Alberta. Modi accepted the invitation and said he was looking forward to meeting him at the summit.The announcement by Modi on X followed almost a week of suspense over his participation because of a lack of invitation, drawing barbs from the opposition about his possible exclusion from the summit. India is not a member of G7 but Modi has been invited for all summits since 2019. Modi congratulated Carney on his poll win and thanked h ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
NEW DELHI: The E5 variant of Japanese Shinkansen trains will be used for trial runs in the Gujarat section of the Ahmedabad-Mumbai bullet train project in financial year 2026-27, railway officials have said. India will subsequently buy the state-of-the-art E10 variants, which will be rolled out in India and Japan simultaneously. E10 Shinkansen trains are likely to be launched in 2030.The country's first bullet train project is progressing well, a senior railway ministry official said. "Only Japanese Shinkansen trains will be deployed for the trial runs and then we will have the most advanced t ...Read More >
Surat (Gujarat) [India], October 3 (ANI): Minister of Railways Ashwini Vaishnaw, along with Japan's Minister of Land, Infrastructure, Transport and Tourism Hiromasa Nakano, on Friday inspected the construction of the Surat stretch of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) bullet train project. The Japanese Minister was accorded a traditional Garba welcome at the Surat airport. The two Ministers reviewed significant aspects of the project during their visit, including the advanced track slab laying car and the track slab adjustment facility, both key components. They expressed satisfac ...Read More >
Bhopal (Madhya Pradesh): With the launch of the Tunnel Boring Machine (TBM) 'Durgawati', the tunnel digging work of the Metro project commenced near the main railway station on Monday. The project length of the tunnel is around 3 km. The TBM has the capacity to dig 14 metres per day. The TBM was lowered till the depth of around 24 metres through the special launching shaft. The digging has been started from this level. Managing director, Madhya Pradesh Metro Rail Corporation, S Krishna Chaitanya said that by maintaining speed, all targeted work would be completed within the set time. He dir ...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 >
Guwahati: VL Kantha Rao, Secretary, Ministry of Mines, underscored that the Geological Survey of India has identified over 36,000 square kilometres in the Northeast India as having mineral potential, translating to nearly 3,000 prospective mines. He highlighted that Assam has now firmly entered the national auction map, signalling a new era for mineral development. The 2nd North East Geology and Mining Ministers' Conclave was inaugurated in Guwahati, Assam on Friday. He called for expanding exp ...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 >