HOURS AFTER the state government sent a reminder to the Morbi municipality about the latter’s pending response to a show-cause notice on the bridge collapse incident, Morbi municipality president Kusum Parmar issued a circular late on Monday evening, calling for a special meeting of the general board of the civic body on Wednesday. The state […]
Category: The Indian Express
Indian Express
Higher govt capex to help infra companies clock 17-20% revenue growth next fiscal: Report
Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent, taking their profit to the pre-Covid level, a report said on Tuesday. In the Budget 2023-24, the government has increased the outlay for capital expenditure (capex) on infrastructure sector by 33 per cent […]
CEA notice to not retire thermal units hinders renewable energy goal: experts
Despite India’s thrust on renewable energies, a recent notice issued by the Central Electricity Authority (CEA) of India to power utilities to not retire any thermal units until 2030 has alarmed experts who say that the move will have a retrograde effect on India’s energy transition endeavours. In its January 20 notice, CEA said that […]
Aero India: US Air Force’s F-35 debuts at Yelahanka Air Force Station
Two F-35s of the United States Air Force (USAF) made their entry into the skies of Bengaluru on the inaugural day of Aero India Monday. Developed by Lockheed Martin, the F-35 is said to be one of the most advanced fifth-generation fighter aircraft in the world. Sources in the government said that F-35 fighter jets […]
Traffic diversion for Pune Metro work leaves SPPU students, staff fuming
Traffic diversion effected by Pune Traffic Police last week to facilitate the latest stage of construction of Shivajinagar-Hinjewadi Metro seems to be causing major inconvenience to students and staff at Savitribai Phule Pune University (SPPU). Motorists wanting to enter the university campus, especially those coming from Shivajinagar end of University Road, complain of having to […]
Mumbai: Operating hours of Metro 2A, 7 extended by 30 mins from today
The Maha Mumbai Metro — which is responsible for the operation and maintenance of Metro lines 2A and 7 running between Andheri and Dahisar East and West of the Mumbai suburbs — has decided to extend operating hours of the services, starting Tuesday. In place of the last train departing at 10.09 pm, two additional […]
Four railway trackmen killed as tower wagon hits them at Maharashtra’s Bhusawal
Four trackmen, who were carrying out pre-tamping work of the Railways, were Monday run over by a tower wagon in the Lasalgaon-Ugaon Down line (Manmad-Nasik Section) around 6 am, said railway officials. The tower wagon vehicle was engaged in maintenance and repair work of overhead electric wires when the mishap occurred, they said. The Railways […]
Energy leaders need to strive towards higher levels of efficiency…to lower the overall carbon intensity: Rahul Jain
India, the third-largest energy consumer in the world, has rising energy needs. With the launch of the CMG Collaboration Centre, Computer Modelling Group (CMG) is now keen to participate in India’s energy future through digitalization. To accelerate digitalization, the industry must break down the silos, derive insights from data, share decision-making, and fast-track technology adoption. […]
India’s first electric AC double-decker bus inaugurated in Mumbai, services to begin soon
The Brihanmumbai Electric Supply and Transport Undertaking (BEST) inaugurated the country’s first electric air-conditioned (AC) double-decker bus on Monday. Commuters, however, may have to wait a few more days before they can avail of its services. According to BEST, the regional transport agency in Mumbai is yet to finish the registration process for the electric […]
Adani shares tumble over more pledging; Adani Enterprises down 7%
Shares of Adani Group companies on Monday fell by up to 7 per cent following reports that three companies in the group have pledged additional shares to SBICAP Trustee Company, a company in the State Bank of India group. During the intraday trades, stocks of the companies fell up to 10 per cent. Shares of […]
Adani Group tries to calm market, says business plans fully-funded
The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders. Market value of the group’s seven listed companies has halved since a January 24 report by US-based […]
Adani group shares plunge by up to 9 % on reports of more pledging
Shares of Adani Group companies on Monday fell by up to 9 per cent in intra-day trade following reports that three companies in the group have pledged additional shares to SBICAP Trustee Company, a company in the State Bank of India group. Shares of Adani Total Gas, Adani Power, Adani Transmission, Adani Green Energy, NDTV […]