SpiceJet on Thursday said it has secured an additional Rs 316 crore, taking its total funds raised to Rs 1,060 crore through a preferential share issue. The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 per cent. In January SpiceJet had received Rs 744 crore […]
Day: February 22, 2024
Need research work on ways to reduce dependence on fossil fuels, says Gadkari
Union Minister Nitin Gadkari on Wednesday said research work needs to be done on ways to cut down the dependence on fossil fuels as that will also help in reducing ecological and environmental issues. Research works also have a huge potential to make sustainable life for socially, economically and educationally backward classes, the Minister for […]
India’s solar capacity additions dropped 44 per cent YoY in 2023: Report
India installed 7.5 gigawatts (GW) of solar capacity in the calendar year (CY) 2023, a 44 per cent decrease year-over-year (YoY) from 13.4 GW installed in CY22, according to a latest report. In 2023, large-scale solar installations fell 51 per cent YoY to 5.8 GW from 11.7 GW in 2022, said the report by Mercom […]
Indian Railways gets massive responsibility for seamless movement of 3.4 lakh security personnel for poll duty during Lok Sabha Elections 2024
The Indian Railways on Wednesday got a massive mandate to ensure the ‘smooth and hassle-free movement’ of over 3.4 lakh security personnel, who will be deployed in the upcoming general and state assembly elections. The Election Commission (EC) directed the railway board to ensure seamless train movement with specific instructions to avoid the recurrence of […]
India to boost energy self-reliance through coal gasification: Additional coal secy
M. Nagaraju, Additional Secretary, Ministry of Coal, on Wednesday, emphasized the critical role of coal gasification in enhancing India’s energy security and advancing towards a self-reliant nation. Speaking at a roadshow organized by the Ministry of Coal in Mumbai to promote coal/lignite gasification projects, Nagaraju highlighted the government’s commitment to diversifying the use of coal, […]
Govt allows Nafed, NCCF to sell maize to ethanol makers at base rate of Rs 2,291/quintal
To ensure uninterrupted supply of maize for ethanol makers, the government has allowed cooperatives Nafed and NCCF to sell maize at a base price of Rs 2,291 per quintal to distilleries this year. Nafed and National Cooperative Consumers’ Federation of India (NCCF) will procure maize at a minimum support price of Rs 2,090 per quintal […]
CIL and NLCIL near capex goal, achieving 95.83% of FY24 target
Coal India Limited (CIL) and Neyveli Lignite Corporation India Limited (NLCIL), under the Ministry of Coal, have achieved 95.83% of their capital expenditure (capex) target for the fiscal year 2023-24, with an investment of ₹20,153 crore out of the targeted ₹21,030 crore as of January 2024. The performance aligns with the trend of surpassing capex […]
Odisha plans intra-state air connectivity with VGF support
BHUBANESWAR: In a bid to expand air connectivity within Odisha, the state government has decided to allow airline operators to start intra-state operations for individual routes or a set of connected routes. Odisha has 26 airports/airstrips, including one international and five private and commercial each. Besides, two more are coming up at Dhamra and Puri. […]
Thiruvananthapuram-Kasargod Vande Bharat Express line to run till Mangaluru
MANGALURU: The railway ministry has approved the proposal to extend the Thiruvananthapuram-Kasargod Vande Bharat Express up to Mangaluru. According to a statement by Vivek Kumar Sinha, Joint Director (Coaching), Railway Board, the Mangaluru-Thiruvananthapuram Vande Bharat Express (Train No. 20631) will leave Mangaluru at 6.15 am and reach Thiruvananthapuram at 3.05 pm on six days a […]
Railway board CEO reviews infra projects in southern zone
CHENNAI: Chairman and CEO of Railway Board Jaya Varma Sinha, who is on a two-day visit to TN conducted a comprehensive review of key infrastructure and station redevelopment projects in the zone, said an official from the southern railway. Presiding over a review meeting at southern railway headquarters on Wednesday, Sinha stressed on improving critical […]
Bill tabled to form TN highways body on lines of NHAI
CHENNAI: To expedite the development of state highways through private sector engagement, the state government has decided to establish the Tamil Nadu State Highways Authority. The initiative was set in motion on Wednesday with the Highways Minister EV Velu tabling the Tamil Nadu State Highways Authority Act 2024 bill in the Assembly, amending the Tamil […]
Road repairs in Coimbatore rushed through without milling
COIMBATORE: Hurry makes worry! Social activists and motorists have raised concerns over the quality of the roads that are getting paved in haste by the Coimbatore City Municipal Corporation (CCMC). The civic body is speeding up the re-paving of several roads in view of the upcoming Lok Sabha election. However, it is alleged the necessary […]