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The Reserve Bank of India has confirmed that 98.42% of ₹2,000 currency notes have been returned to the banking system as of January 31, 2026. Only ₹5,609 crore worth of ₹2,000 notes are still held by the public. The RBI reiterated that ₹2,000 notes remain legal tender. While the denomination is no longer issued or printed, the notes can still be used for transactions or deposited with the RBI under existing guidelines. The latest figures underline that the withdrawal exercise has been largely completed, with only a small fraction of the notes still in circulation. What the Current Status Means for the Public Although regular bank branches stopped accepting ₹2,000 notes after the deadline in October 2023, the RBI continues to provide options for those still holding the denomination. People can: Deposit ₹2,000 notes at designated RBI Issue Offices Exchange limited amounts as per RBI norms Send notes via India Post to RBI offices for credit into bank accounts The RBI has not announced any deadline for these facilities so far, reinforcing that the focus is on orderly withdrawal rather than invalidation. Why the RBI Withdrew the ₹2,000 Note The RBI announced the withdrawal of the ₹2,000 denomination on May…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

Shamshabad — already famed as the home of the Rajiv Gandhi International Airport — is poised for another transformative infrastructure role: becoming India’s primary bullet train hub, connecting Hyderabad by high-speed rail to multiple major metros across the country. This strategic development announced by the South Central Railway (SCR) and outlined in recent railway planning documents marks a new chapter in India’s high-speed rail expansion. Three-Way High-Speed Rail Terminal According to SCR officials, a three-way high-speed rail terminal is planned at Shamshabad, which will connect Hyderabad to: Bengaluru Chennai Pune (with onward links toward Mumbai) This puts Hyderabad in a unique position — the only city in India that could have bullet train connectivity to four major economic centres, making Shamshabad one of the most important nodes in the emerging national high-speed rail grid. Why Shamshabad Was Chosen Shamshabad’s selection isn’t accidental. The area already has excellent connectivity and strategic advantages: Proximity to Rajiv Gandhi International Airport, allowing seamless air-to-rail transitions. Relatively available land for building high-speed rail terminals and related infrastructure. Strong highway and logistics links via the Outer Ring Road and other expressways. Rail planners see Shamshabad as an ideal location to build dedicated high-speed rail facilities —…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

India is planning an ambitious high-speed rail corridor between Chennai and Bengaluru that could reduce the travel time between the two major South Indian cities to approximately 1 hour 13 minutes, a dramatic improvement over current rail and road journeys that take several hours. This project is a flagship part of a broader national infrastructure push outlined in the Union Budget 2026–27, aimed at transforming inter-city travel across the country. The High-Speed Rail Corridor: Route and Speed The proposed corridor spans about 306 kilometres and will be developed by the National High Speed Rail Corporation Limited (NHSRCL). Trains on this route are expected to run at maximum speeds up to 350 km/h, with average operational speeds around 250 km/h — enabling the rapid 73-minute journey once the system is operational. To minimise disruption and optimise alignment, a final alignment survey has already been completed. The chosen route connects key urban hubs and emerging centres across Tamil Nadu, Andhra Pradesh and Karnataka, providing efficient inter-state connectivity. Underground Sections and Urban Integration A unique feature of this high-speed project is the inclusion of underground sections and stations in Bengaluru. Two underground stations are planned — at Byappanahalli and Whitefield — to seamlessly…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

Handicraft products made from marble and stone in Agra are admired for their refined inlay work, balanced forms, and long-lasting finish. Marble idols, decorative artefacts, and artistic replicas—often embellished with coloured stones and, at times, gold wire inlay—are the hallmark of this enduring craft tradition.The origins of Agra’s marble craftsmanship date back nearly 400–500 years, when stone carving and inlay techniques began to flourish as specialised artisan practices in the region. Over centuries, these skills have been preserved and refined through family lineages and workshop-based learning systems. Even today, artisans continue to carry forward this knowledge, maintaining both technique and aesthetic discipline.Globally recognised for its marble heritage, Agra is also home to a strong craft-based local economy. Stone sculptures depicting figures such as Buddha, Shiva, and Krishna are among the most sought-after forms. Buyers value sculptures that are instantly recognisable, with artisans paying close attention to facial expressions, proportions, and a finish that endures over time. These products reach temples, home prayer spaces, hotels, and curated showrooms across India and overseas.Behind each finished piece lies a closely linked ecosystem of stone traders, cutting units, tool makers, polishing workshops, and artisans—working together through a shared supply chain that sustains livelihoods across…  ​Read More​YourStory RSS Feed

Flipkart-owned fashion ecommerce major Myntra has appointed Pramod Adiddam as its chief technology officer (CTO). Adiddam will report to CEO…

Fashion ecommerce platform Myntra has appointed Pramod Adiddam as its chief technology officer. Adiddam will oversee Myntra’s technology strategy, with a focus on innovation and long-term platform elasticity and technical capability to support the organisation's scale and momentum, the company said in a statement. He will report to CEO Nandita Sinha. Adiddam brings more than 20 years of experience in building consumer-facing platforms. Before joining Myntra, he held senior leadership roles at Google and Instacart, where he led global engineering teams across marketplace expansion, product innovation and platform development.Commenting on the appointment, Sinha said technology plays a central role in Myntra’s customer experience, and Adiddam’s expertise in building and operating large global platforms would help strengthen the company’s technology foundations. Adiddam said Myntra has built a strong technology platform and that he looks forward to working closely with teams across the organisation to drive innovation and deepen the platform’s overall tech capabilities. Also ReadMyntra waives commissions for new D2C brands across categories to woo emerging labelsThe appointment follows Myntra’s recent hiring of Ritesh Mishra as senior vice president and the head of category and revenue. Mishra has over 25 years of experience across buying and merchandising, supply chain, business development, and P&L…  ​Read More​YourStory RSS Feed

Calling India’s beauty and personal care (BPC) market crowded would be an understatement — it is a red-ocean battlefield. For…

India’s education and skilling ecosystem is at an inflexion point. As artificial intelligence (AI) becomes deeply embedded in how companies…

Alphabet reported a standout earnings period, with quarterly revenue rising 18 percent compared to the same period last year and full-year revenue crossing the $400 billion mark for the first time since the company was founded in 1998 by Larry Page and Sergey Brin. Alphabet Crosses $400B in Annual Revenue as Quarterly Sales Jump 18% The company’s strong performance was driven largely by continued investment in cloud services and artificial intelligence, which helped push revenues higher across multiple business segments. Alongside these gains, Alphabet announced plans to sharply increase spending as competition in AI intensifies across Silicon Valley. The company said it expects capital expenditure in 2026 to fall between $175 billion and $185 billion, nearly double what it spent in 2025, as it scales infrastructure to meet growing demand for AI-related products. Even with aggressive infrastructure expansion, Alphabet says customer demand is still exceeding its current capacity, particularly in AI computing. Chief executive Sundar Pichai acknowledged the imbalance during the earnings call, saying, “We’ve been supply constrained even as we’ve been ramping up our capacity.” Despite the strong financial results, Alphabet’s stock slipped a little over one percent in after-hours trading following the announcement. Google’s Gemini artificial intelligence platform…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

Official figures presented in Parliament show that the Air India Group had the highest share of aircraft with repeated technical problems among Indian airlines reviewed, with more than 70 percent of its fleet flagged for recurring defects. The data was tabled in the Lok Sabha on Thursday by Minister of State for Civil Aviation Murlidhar Mohol. Over 70% of Air India Group Fleet Flagged for Repeated Technical Defects According to the submission, inspections conducted since January last year found that 191 out of 267 aircraft operated by the Air India Group had recurring technical deficiencies. A closer look at the group showed that 137 of the 166 aircraft under Air India were identified with repetitive issues during inspections. Within the same group, 54 of the 101 aircraft operated by Air India Express were also flagged for similar recurring defects. Responding to the figures, an Air India official said, “We have, out of abundant caution, carried out checks across our fleet. Hence, numbers are higher.” A senior Air India executive explained that aircraft inspections cover multiple systems and components, which are classified into categories A, B, C, and D based on urgency and operational priority. The executive clarified that most of…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups