Bangalore Metro Rail Corporation Limited (BMRCL) has picked the contractor for constructing and remodelling the Baiyappanahalli depot. The contract was given to J Kumar Infraprojects-AICPL on March 18, the same day that their joint venture won the bid for constructing the airport line metro depot at Shettigere. That contract was worth Rs 182.33 crore. The […]
Category: Deccan Herald
Deccan Herald
PFC, IISc tie up for new energy research facility
Central PSU Power Finance Corporation Limited (PFC) has partnered with the Indian Institute of Science (IISc) to establish a new facility to house the Interdisciplinary Centre for Energy Research (ICER). The state-of-the-art building, estimated to cost Rs 60 crore and to be constructed over two years, will foster fundamental and applied research across energy-related areas […]
Citizens cheer as BBMP drops controversial roadwork on Hosakerehalli lake
In a damage-control exercise, the BBMP on Thursday promised to clear truckloads of mud and debris it dumped into Hosakerehalli lake in the last four months. The civic body has been under increasing pressure to stop the roadwork planned through the lake. BBMP Special Commissioner (Projects) P M Ravindra told reporters that he had directed […]
Centre sanctions Rs 1,345 crore highway projects to Karnataka
Union Road Transport Minister Nitin Gadkari on Thursday said that several national highway projects, worth Rs 1,345 crore, have been sanctioned to Karnataka. A total of Rs 232.84 crore has been sanctioned for widening an 18-km length of NH-52 (old NH-63) from two-lane to four-lane with a paved shoulder in the Karwar district, Gadkari tweeted. […]
Gadkari inaugurates, lays foundation stone for nine projects worth Rs 3,000 cr in Jamshedpur
Union Minister Nitin Gadkari on Thursday inaugurated and laid foundation stones for nine projects in Jharkhand’s Jamshedpur, which entailed an estimated investment of Rs 3,378 crore. The road transport and highways minister is scheduled to launch 31 projects in all, during the day, worth Rs 13,296 crore. Of these, 21 pertain to state capital Ranchi, […]
Oil slips after unexpected build in US crude stocks
Oil fell in early Asian trade on Wednesday, paring two straight days of gains after an industry report showed US crude inventories rose unexpectedly last week in a sign fuel demand may be weakening. Brent futures, which have risen more than 3 per cent this week, were down 48 cents, or 0.6 per cent, at […]
Explained | Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia. Putin said Russia, China and Mongolia had completed “all agreements” on finishing the pipeline to ship Russian […]
Mahindra to raise up to $1.3 bln for EV unit
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday. The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches […]
Adani lost $28 billion in 2022-23; Rekha Jhunjhunwala among 16 new billionaires: Hurun Rich List
Adani Group chairman Gautam Adani, who is at the centre of controversy following Hindenburg Research’s allegation of stock manipulation and accounting fraud, lost $28 billion in wealth, or Rs 3,000 crore a week in 2022-23, and slipped to the second position in India’s richest person list, as per Hurun Global rich list released on Wednesday. […]
Modi’s green dream at risk as Indian renewables hit by headwinds
It took less than two weeks for TotalEnergies SE to put a massive green hydrogen project with Adani Group on hold after the Indian conglomerate was rocked by allegations of fraud. The deal — part of a plan in which billionaire Gautam Adani’s clean energy business would have invested $50 billion over the next decade […]
BSF fires at Pakistani drone along International Border in J&K’s Samba
A massive search operation was launched on Wednesday after the Border Security Force (BSF) fired at a Pakistani drone along the International Border in Samba district of Jammu and Kashmir, official sources said. The BSF troops manning the Chamliyal border post in Ramgarh sub-sector picked up a blinking red light in the air, believed to […]
Syria says Israel attacked Aleppo airport, no casualties
An Israeli airstrike early Wednesday targeted the international airport of the northern Syrian city of Aleppo, causing material damage in the second attack on the facility this month, state media report. State news agency SANA, quoting an unnamed military official, did not mention if the strike caused any deaths or injuries. It said warplanes fired […]