Anil Agarwal-owned Vedanta Resources (VRL), which has hired Standard Chartered Bank to raise funds for its Konkola copper mine assets, says it is engaging with several potential partners for both short-term funds and long-term equity financing for the Zambian project. A Vedanta official said its commitment to optimising capital allocation and driving expansion is a […]
Day: April 24, 2024
Hitachi Energy plans India expansion, local ops amid rising power demand
Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to […]
China’s EV survival game creates peril – and power
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting. Automakers are expected to launch 110 EVs and plug-in hybrids in […]
Air India’s Boeing 747 takes final flight from Mumbai with ‘wing wave’ manoeuvre
Air India bid adieu to its last remaining Boeing 747 on Monday, marking the end of an era for the iconic jumbo jet. The aircraft, once registered as VT-EVA and christened “Agra,” departed from Mumbai’s airport for the final time after it was sold to a foreign company. One of the two Boeing 747 aircraft […]
Air Arabia Launches Early Bird Promotion on 150,000 Seats!
Air Arabia, the leading low-cost carrier in the Middle East and North Africa, unveiled an extraordinary early bird promotion called ‘super seat sale’ with discounted offers on 150,000 seats across the company’s entire network. The promotion includes non-stop flights from India to three airports across the United Arab Emirates (Sharjah, Abu Dhabi, and Ras Al […]
Operationalise consumer grievance forums in 4 months: UPERC to UPPCL
The UP Electricity Regulatory Commission (UPERC) has taken a serious view of the defunct Consumer Grievance Redress Forums (CGRFs) across Uttar Pradesh and directed the power department bosses to act promptly to operationalise all these bodies which were set up to give relief to power consumers. “The Commission directs that all efforts should be made […]
Significant Metro-3 trials to begin in Mumbai next week
MUMBAI: The much-awaited Metro 3, also known as the Aqua line, has entered a crucial stage. Starting this week, the authorities will begin loaded integrated trials on the trains in the Phase 1 Aarey-Bandra Kurla Complex (BKC) route. So far, dry runs with empty coaches were being carried out to test the metro’s designed speeds […]
Cancellation of key trains from Chandigarh continues for fifth consecutive day
For the fifth consecutive day on Monday, rail passengers faced inconvenience as key trains between Chandigarh and key stations in Punjab were temporarily cancelled on Monday due to the ongoing farmers’ rail roko agitation near the Shambhu border. The disruption will continue till Wednesday, with at least two trains cancelled on the day. Additionally, the […]
Air India’s ‘queen of the sky’ takes off from Mumbai for the last time
Mumbai: Mumbaiites living in the vicinity of the airport might have witnessed something highly unusual — and somewhat scary to the untrained eye — on Monday morning. At 10.47 am, a huge Boeing 747 with the Air India colours took off, tilted to its left and then to its right, before flying away into the […]
Children below 12 yrs must get to sit with at least one parent: DGCA to airlines
The Directorate General of Civil Aviation (DGCA) has asked airlines to ensure that all children below 12 years of age be allotted seats next to at least one of the parents in case of the same PNR. In a statement issued on Tuesday, the aviation regulator said, “Airlines shall ensure that children up to the […]
Record 411 million people took train journeys so far this April: Indian Railways
At least 411 million passengers have taken train journeys across India in the first three weeks of April – making it the highest ever footfall recorded in this time period – as the usual heavy rush this time of the year due to summer vacations has been severely compounded by the onset of the wedding […]
Tesla to focus on low-cost cars: No India, Mexico factory plans now?
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world’s top EV maker said it plans to raise production by 50% from 2023 to its […]