BEIJING: Ample heating fuel stocks from bumper production mean China may not need to ramp up imports of coal and natural gas to meet record power loads as a result of freezing weather which continues to grip the country. Domestic heating demand has risen across China, with many northern provinces rewriting records as temperatures plunged […]
Category: The Times of India
Times of India
Hyundai Motor to shut South Korean parts plants in pivot toward EVs
SEOUL: Hyundai Motor said on Thursday it plans to stop operations at two parts forging plants in South Korea next year as the automaker accelerates a shift away from petrol-powered cars. The plants in Ulsan, South Korea, which have been in operation since 1991 making engine parts, are expected to be closed in January and […]
Ola Electric first Indian EV maker to file for IPO
MUMBAI: Ola Electric Mobility, the Bhavish Aggarwal-led electric vehicle company, on Friday filed papers with Sebi to go public via an IPO that is estimated to be worth about Rs 10,000 crore. Ola Electric is the first EV company in India planning to go public. It would also be the first automobile company to go […]
Aviation revolution in works: Midair gap between aircraft set to halve from January 1 – here’s what it means
Indian air traffic control is undergoing a significant change that will enhance efficiency and capacity. Starting from 1st January, the Airport Authority of India (AAI) will allow air traffic controllers to decrease the lateral separation between two aircraft from 10 nautical miles to 5 nautical miles. This change is made possible by the AAI’s improved […]
Tata Motors to recharge EV fleet with 3 new cars
NEW DELHI: With an over 70% share of India’s nascent electric car market, Tata Motors is set to charge its zero-emission fleet with the launch of three green vehicles as it beefs up its portfolio to take on new challengers who plan to enter the market. Joining the green brigade will be the Curvv coupe, […]
NIIF to invest Rs 675 crore in GMR’s Bhogapuram airport project via CCDs
HYDERABAD: The National Investment and Infrastructure Fund (NIIF) has entered into a binding agreement with GMR Airports Limited (GAL) to invest Rs 675 crore in GMR Visakhapatnam International Airport Ltd (GVIAL), the special purpose vehicle that will be developing and operating the proposed Bhogapuram international airport. NIIF will be making a primary investment by way […]
More high-speed national highway corridors soon! Government looks to increase average speed to 85 kmph
Big network of high-speed highway corridors soon! The Ministry of Road Transport has put forward a proposal to construct and expand approximately 41,000 km of national highways. This ambitious plan includes the development of 15,000 km of high-speed corridors, which will be controlled-access routes. The target for completion is set for the fiscal year 2031-32, […]
Vande Bharat Express: What Indian Railways plans to do to run new trains at higher speeds
Vande Bharat trains at higher speeds: Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday that safety fencing will be installed at vulnerable locations for Vande Bharat trains to operate at speeds between 110 kmph and 130 kmph. Additionally, safety fencing will be implemented along the entire track for speeds exceeding 130 kmph. Vande […]
Great news! NHAI to start rolling out satellite-based tolling on national highways soon
Soon, national highways in India will have satellite-based tolling systems. Nitin Gadkari, the Minister for Road Transport and Highways, said that the National Highways Authority of India (NHAI) will start rolling out the new system soon. The Minister told the Rajya Sabha that NHAI will roll out a satellite-based tolling system on national highways by […]
Govt to introduce GPS-based highway toll collection system by March 2024: Nitin Gadkari
NEW DELHI: The government will introduce new technologies, including GPS-based toll collection systems, by March next year to replace existing highway toll plazas, Union minister Nitin Gadkari said on Wednesday. The move is aimed at reducing traffic congestion and charging motorists for the exact distance travelled on the highways. “The government is looking at new […]
Lufthansa orders 80 planes from Boeing and Airbus for $9 billion
Lufthansa ordered 80 planes from Boeing and Airbus and agreed to future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday. The deal provides for 40 Boeing 737 MAX 8 planes and 40 Airbus A220-300s to be delivered in 2026-2032. It also includes 60 future purchasing options for […]
Global LNG markets seen ‘finely balanced’ in 2024 as demand under control
SINGAPORE/LONDON: New liquefied natural gas (LNG) projects coming online this year and high stocks in Europe and North Asia in early 2024 capping demand are seen curbing spot price growth for the next six months as analysts forecast a “finely balanced” market. Asian spot prices averaged around $18 per million British thermal units (mmBtu) this […]