The Rail Infrastructure Development Company (Karnataka) Limited (K-Ride), which is implementing the Bengaluru suburban rail project (BSRP), is likely to consider a rail route to Kempegowda International Airport (KIA) from Doddajala instead of Trumpet Interchange on Ballari Road. Earlier, K-Ride had planned to build a 5.6-km airport link from Trumpet Interchange station, along the Majestic-Devanahalli […]
Day: April 25, 2024
Air India Express to offer cheaper tickets to first-time voters
Air India Express on Thursday announced that it is offering 19 per cent off on domestic and international flight tickets, exclusively for first-time voters (between the ages of 18-22), carrying a valid voter ID, flying to and from airports close to their home constituencies. This has been launched under the #VoteAsYouAre campaign “designed to mobilise […]
IndiGo’s head Rajat Bhatia lauds unmatched growth of India’s Aviation sector
InterGlobe Group Managing Director Rajat Bhatia, the parent company of India’s largest airline Indigo, praised India’s noteworthy progress in the aviation domain, as ANI reported. Bhatia stated,” The noteworthy development of airport infrastructure, highlighting its transformative impact on air travel accessibility.” These days air travel has become an essential part of the infrastructure of India […]
REITs, InvITs mobilise Rs 1.3 lakh crore in four years: RBI data
New Delhi: Investment vehicles for realty and infrastructure sectors — REITs and InvITs — have garnered Rs 1.3 lakh crore in the past four years till March-end, and are expected to facilitate more pooled funds, Reserve Bank said in a report. Experts and stakeholders are of the view that with India growing at a fast […]
Government mandates airlines to seat one parent with children
Civil aviation regulator Directorate General of Civil Aviation (DGCA) on Tuesday said that airlines must allocate seats to children up to the age of 12 years with at least one of their parents or accompanying adult travelling under the same reservation. Airline executives however said that such a rule will be difficult to implement without […]
Indian Railways targets raking in Rs 5,400 crore from scrap sale
The Indian Railways is aiming to earn Rs 5,400 crore from scrap sale in fiscal 2024-25. This is 3.8% higher than the Rs 5,200 crore scrap sale target set for fiscal 2023-24. “Action Plan may be prepared to achieve the scrap sale target. Further, Railways and its production units should maintain a target of zero […]
Bullet Train: Completion date depends on award of all tenders, says Railways in RTI reply
The Indian Railways is unable to assess the completion date of the country’s first bullet train project because all work tenders have not been awarded yet. The National High Speed Rail Corporation Limited (NHSRCL), which is constructing the 508 km long corridor, said this in response to an application under the Right to Information Act. […]
Sampling and grading of coal at 427 mines completed; new grades to be applicable for FY24
The coal ministry on Wednesday said it has completed the annual exercise of sampling and grading of coal at 427 mines and the new fuel grade will be applicable from April 1 this year. Of the total 427 mines, 331 are central public sector units, 69 under state governments and 27 private sector mines, the […]
China’s BYD seeks to redefine luxury for the EV generation
BEIJING: Chinese EV maker BYD will showcase its premium brand’s first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany’s Mercedes-Benz which three years ago pulled out of the brand’s development citing slow sales. The Denza Z9GT is the fruit of BYD founder Wang Chuanfu persisting with the […]
AI-powered EV batteries: The next welcome change
Artificial intelligence’s next target is the electric vehicle battery. Chemix, an AI-powered EV battery developer, has completed a $20 million Series A funding round, led by Ibex Investors. The three-year-old startup will use the funding to scale its technology, which uses algorithms to design and optimise novel batteries for electric vehicle makers.
Tesla’s cheaper car push may put India, Mexico in back seat
SAN FRANCISCO: 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 […]
Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo
New Delhi: Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units. The company will […]