Mahanagar Gas Limited (MGL) on Tuesday announced that it has entered into Shareholders’ Agreement (SHA) with 3EV Industries Private Limited to acquire 30.97 per cent shareholding in the company. “We wish to inform that subsequent to execution of Share Subscription Agreement (SSA), Mahanagar Gas Limited has entered into Shareholders’ Agreement (SHA) with 3EV Industries Private […]
Day: February 27, 2024
India closes in on Oman trade deal as Mideast ties strengthen
India and Oman are close to concluding talks on a trade deal that will allow easier access of goods and services into each other’s markets, officials familiar with the matter said, further cementing the South Asian nation’s presence in the Gulf region. The two sides have reached consensus on a majority of the issues in […]
China’s BYD lands auto shipment in car powerhouse Germany
Thousands of cars from China’s BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world’s biggest electric carmaker brought its challenge directly to Europe’s auto making powerhouse. The delivery was made by the BYD Explorer No.1, the first of eight cargo ships specially commissioned by the Chinese group to […]
AVG Logistics takes Indian Railways goods train on lease for Rs 105 crores
AVG Logistics Ltd has taken on lease a goods train running from Chennai to Guwahati for Rs 105 crore. The train will be used by AVG Logistics to transport its goods and will ply four times in a month, completing 313 trips during the lease period of six years. Although the train will be managed […]
Adani Green Energy to raise $409 million via US dollar-denominated bonds
India’s Adani Green Energy is looking to raise $409 million via US dollar-denominated bonds with a door-to-door tenor of 18 years, the company said in a regulatory filing on Tuesday. Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making it the first […]
Mahanadi Coalfields Ltd must keep people’s interest first: Union Minister Pradhan
ANGUL: Mahanadi Coalfields Limited, as a public sector undertaking, must keep people’s interest in mind while opening new mining projects like the one in Chhendipada, said Union Minister of Education and Skill Development Dharmendra Pradhan. Addressing a public meeting at Chhendipada on Monday after laying the foundation stone of a permanent campus of Kendriya Vidyalaya […]
BJP promises Odisha farmers free power, Rs 3,100 per quintal for paddy
BHUBANESWAR: Even before releasing its manifesto for the upcoming Assembly elections, the BJP on Monday promised to pay Rs 3,100 per quintal of paddy and free electricity to farmers if it comes to power in Odisha. State BJP president Manmohan Samal said farmers of the state have been mostly neglected under the BJD government as […]
In a first, Hyderabad firm launches fully indigenous micro-turbojet engine
HYDERABAD: City-based Raghu Vamsi Machine Tools (RVMT) Pvt Ltd on Monday announced the launch of its fully indigenous micro-turbojet engine, INDRA RV25: 240N, on Monday. It was launched in the presence of Dr G Satheesh Reddy, president of the Aeronautical Society of India, who witnessed the live testing of the engine at the RVMT Hyderabad […]
Second level flyover at Hyderabad’s Bairamalguda junction ready for inauguration
HYDERABAD: The 1.78-km-long second-level flyover at the Bairamalguda junction built at a cost of Rs 148.05 crore is likely be inaugurated by Chief Minister A Revanth Reddy this week. The unidirectional flyover will help in the free flow right turn traffic of the inner ring road from Owaisi junction to Vijayawada (towards Chinthalkunta) and to […]
PM Modi virtually lays foundation stone for redeveloping 15 rly stations in Telangana
HYDERABAD/ADILABAD/MEDAK/NIZAMABAD: As part of the Amrit Bharat Station Scheme, Prime Minister Narendra Modi laid the foundation stone, inaugurated and dedicated around 2,000 railway infrastructure projects worth more than Rs 41,000 crore to the country via video conferencing. Under the scheme, 533 railway stations would be redeveloped at a cost of Rs 19,000 crore, including 15 […]
PM Modi lays stone for redevelopment of 46 railway stations in Andhra Pradesh
VIJAYAWADA: Enhancing passenger experience and infrastructure, Prime Minister Narendra Modi on Monday laid the foundation stone for the redevelopment of 46 railway stations, including 10 railway stations in Vijayawada division and 12 railway stations in Waltair division, across the State under the Amrit Bharat Station Scheme (ABSS). He also dedicated as many as 80 road […]
Bengaluru: ‘Namma’ Metro staff stop farmer from boarding train
BENGALURU: Namma Metro has come under severe and wide criticism after its staff stopped a farmer from boarding the rail at Rajajinagar metro station citing that he was shabbily dressed. In an undated video that has gone viral on social media, a metro commuter, Karthik C Airani, along with other passengers, is seen confronting the […]