Ola Electric is investing USD 500 million (about Rs 4,000 crore) in a cell research and development facility in Bengaluru, company founder and CEO Bhavish Aggarwal said on Monday. In a tweet, Aggarwal stated: “Sharing something I’m personally very passionate about! Building a state-of-the-art Battery Innovation Center (BIC) in Bangalore”. BIC will be one of […]
Category: Business Standard
Business Standard
Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit
Ola Electric, the ride-hailing firm’s electric vehicle arm, is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru. Bhavish Aggarwal-led Ola said that BIC will be one of the world’s largest and most advanced cell research and development (R&D) facilities with more than 165 ‘unique and cutting-edge’ laboratory equipment to […]
L&T gains 3% as realty arm signs 3 projects worth $1 billion in MMR
Shares of Larsen & Toubro (L&T) were up 3 per cent to Rs 1,734 on the BSE in Monday’s intra-day trade after the company announced that its realty arm has signed three projects worth $1 billion in the Mumbai Metropolitan Region (MMR). With today’s gain, the stock of the engineering, designing & construction company has […]
Hyderabad- based Greenko to offer energy storage through a cloud platform
Hyderabad-based Greenko Group, which recently launched the country’s first integrated green energy storage project, will offer energy storage solutions through its cloud platform under a unique model to bulk energy users such as industries and state power distribution companies (discoms). While the users can own the green energy project, storage would be offered as a […]
Jet Airways near deal to buy 50 Airbus A220 jets: Report
Jet Airways is near a deal to buy 50 A220 jets from Airbus, two people familiar with the matter said. The airline’s board was expected to meet on Monday to finalise the deal. “We are in an advanced stage of discussions with lessors and OEMs (manufacturers) for aircraft, and we will announce our aircraft choice […]
Air India appoints Sandeep Gupta as Chief Pilot for Airbus A350 fleet
As it prepares to revamp operations and strengthen its fleet, Air India on Monday appointed its senior executive Sandeep Gupta as the Chief Pilot for its wide-body Airbus A350 fleet. Currently, Captain Gupta is the Chief Pilot for the A320 fleet as well as incharge of the airline’s Hyderabad-based training centre CTE. According to a […]
Delhi HC rejects plea to stop SpiceJet flights after seven mishaps
In a relief to SpiceJet, the Delhi High Court on Monday dismissed a plea seeking to cancel its flights in the wake of seven mishaps in the last two months, highlighting that the Aviation Act in itself is good enough to examine this issue. “The Aviation Act is a robust mechanism in respect to the […]
‘DGCA is very much working’: Delhi HC rejects plea to stop SpiceJet airline
The Delhi High Court on Monday rejected a public interest litigation (PIL) seeking to stop the operation of SpiceJet airline for allegedly flying its aircraft in breach of professional and safety obligations. The court cannot stay the operation of an airline on the basis of a PIL and press reports, a bench headed by Chief […]
DGCA conducts spot checks, finds insufficient staff certifying planes
With airlines reporting multiple technical malfunction incidents, aviation regulator DGCA on Monday said it conducted spot checks and found that there is an insufficient number of engineering personnel certifying planes of various carriers before their departure. Before each departure, an aircraft is checked and certified by an aircraft maintenance engineer (AME). The DGCA has now […]
DGCA cracks down on airlines amid rise in ‘engineering related occurrences’
Aviation regulator DGCA on Monday cracked down on airlines after “increased engineering related occurrences”. After frequent reports of engineering related occurrences in several airlines, DGCA has conducted several spot checks and advised that all aircraft at base and transit stations shall be released by certifying staff holding licence with appropriate authorisation by their organisation, said […]
DGCA asks airlines to deploy adequate maintenance engineers at airports
The Directorate General of Civil Aviation (DGCA) has ordered airlines to depute adequate maintenance engineers at all airports to certify airworthiness of aircraft before departure. Airlines have been asked to comply with the same by July 28. The civil aviation regulator issued the directions following frequent instances of snags and comes in the backdrop of […]
NH construction to be around 32-34 km per day during this fiscal: Crisil
India’s national highway construction will likely reach only 32-34 km per day during the current financial year as input prices are expected to remain elevated, rating agency Crisil said on Monday. The rating agency further said it expects the pace of highway construction to pick up post monsoon. India’s national highway construction slowed to 28.64 […]