Author: News Desk
India’s Ministry of Ports, Shipping and Waterways has approved a Rs 335 crore project to build an internal flyover at Visakhapatnam Port Authority, aimed at reducing congestion and improving cargo movement within the port. 3.584 Km Elevated Corridor Planned The proposed 3.584 km elevated corridor will connect Convent Junction with the Dock Area inside the port. The flyover will separate road and rail traffic, helping trucks move more smoothly and reducing delays caused by frequent railway crossings. Project To Address Rail Crossing Delays The port currently has nine railway level crossings that are closed around 18 times a day due…
India is reportedly moving closer to a major deal worth around $35 billion to acquire 114 French-made Rafale fighter jets, with a large portion of the aircraft potentially being manufactured in India. The proposed agreement could significantly expand India’s Rafale fleet while supporting the country’s efforts to strengthen domestic defence manufacturing. France Offers Local Rafale Production France has reportedly submitted a technical and commercial proposal for the 114 Rafale jets. Under the proposed arrangement, the first 20 aircraft would be supplied directly from France, while the remaining 94 could be manufactured in India with local industry participation. The plan would…
Digital goods transportation platform Porter has reached a major milestone by deploying its 10,000th electric truck in Delhi. The vehicle was flagged off in the presence of Union Minister for Road Transport and Highways Nitin Gadkari. The milestone highlights the growing adoption of electric vehicles in India’s urban freight and goods transportation sector. Porter Expands Electric Fleet Porter currently operates more than 50,000 electric vehicles every month across its network. The company plans to increase this fleet fourfold over the next five years as demand for cleaner and more efficient freight transportation grows. Using its digital platform to improve vehicle…
The Defence Ministry has floated a ₹1 lakh crore tender for 60 multirole transport aircraft for the Indian Air Force, opening a major competition among Indian defence companies and global aerospace manufacturers. Indian companies including Tata, Mahindra and Hindustan Aeronautics Limited (HAL) are among those invited to participate, with Indian firms expected to take the lead in the programme. Mahindra Defence has partnered with Brazilian aerospace company Embraer to offer the C-390 Millennium, while Tata is working with Lockheed Martin to propose the C-130J Super Hercules, an aircraft already operated by the IAF. Under the programme, around 20% of the…
Hindustan Aeronautics Limited (HAL) has reported strong first-quarter results, with profit rising nearly 15%, driven by efficient execution of defence orders and steady progress in project deliveries. The performance highlights HAL’s operational momentum as India continues to strengthen domestic defence manufacturing and expand its aerospace capabilities. The state-run aerospace and defence company plays a key role in the country’s military aviation ecosystem, with its portfolio spanning aircraft, helicopters, aero-engines, avionics and other aerospace products. The latest results underline the importance of timely project execution and deliveries in supporting HAL’s financial performance, while reflecting continued activity across India’s defence procurement pipeline.
N Chandrasekaran’s journey from a TCS trainee to chairman of Tata Sons stands out as one of the most notable leadership stories in the modern history of the Tata Group. Chandrasekaran joined Tata Consultancy Services in 1987 and built his career within the group, eventually becoming CEO and managing director of TCS. His leadership at TCS strengthened his position within the Tata Group and eventually led to his selection by Ratan Tata to head Tata Sons in 2017. As chairman, Chandrasekaran oversaw the group’s operations across diverse sectors, including technology, automobiles, aviation and consumer businesses. His tenure was marked by…
Jio Financial Services Limited and Bank of America have signed a definitive agreement for BofA to acquire up to 49.9% in Jio Credit Limited, JFSL’s wholly owned NBFC lending subsidiary. The investment, including equity shares and warrants if fully subscribed, will total up to ₹18,268 crore, or approximately $1.9 billion. The transaction initially gives Bank of America a 26.5% equity interest, which can rise to 49.9% upon exercise of the warrants. The deal remains subject to regulatory and statutory approvals. Jio Credit, which has operated for just two years, reported assets under management of ₹30,667 crore as of June 30,…
Indian Railways is preparing to significantly expand private sector participation in railway infrastructure, with 54 projects worth around Rs 1.8 lakh crore identified for development through public-private partnerships (PPP). Nearly half of the proposed projects involve railway track construction, making the planned PPP pipeline considerably larger than the Railways’ existing portfolio of privately developed projects. Existing PPP Projects According to the Railway Ministry, 18 projects worth Rs 16,686 crore have already been completed under the PPP model. Another seven projects worth Rs 16,362 crore are currently under implementation. These include projects focused on coal connectivity and port connectivity. Major Railway…
Russia’s proposal for a rail corridor connecting Russia and India has sparked interest among travellers, businesses and logistics companies. While the idea of a direct train journey between the two countries sounds exciting, passenger travel is not currently part of the confirmed plan. What Has Been Proposed Russia’s Deputy Prime Minister has proposed strengthening rail connectivity with India as part of a broader effort to improve trade and logistics links across Eurasia. The proposed route could build on the International North-South Transport Corridor (INSTC), which connects Russia with India through Central Asia and Iran. A possible route could involve rail…
The grand finale of Vande Bharatam, an initiative associated with Gautam Adani, is set to take place on August 14, bringing the spotlight onto India’s emerging talent and innovative ideas from across the country. The initiative aims to provide a platform for individuals and teams to showcase their creativity, entrepreneurial thinking and solutions across different fields. The finale is expected to bring together participants representing different states, highlighting the diversity of India’s talent pool and the potential of home-grown ideas. Vande Bharatam reflects a broader emphasis on encouraging innovation, entrepreneurship and talent development, particularly among India’s younger generation. The initiative…