Author: News Desk

Tesla Vice President Raj Jegannathan, who spent 13 years with the company, announced on Monday that he is leaving. In a brief LinkedIn post, he described his time at the electric carmaker as “a journey of continuous evolution.” Before his departure, Jegannathan was responsible for information technology, AI infrastructure, business applications, and information security. Last year, he also took on oversight of Tesla’s sales operations after the former head of North America sales, Troy Jones, was removed. Jegannathan joined Tesla in 2012 as a technical expert in cloud security and IT. Over time, he advanced to Vice President of IT,…

Chief Minister Pinarayi Vijayan on Monday inaugurated the first phase of the Aero Park at Cochin International Airport Limited (CIAL), marking a step towards expanding the airport into a full-fledged aviation industry hub. Spread across 36 acres, the Aero Park has been designed as an integrated aviation ecosystem, bringing together aircraft hangars, parking bays, training centres, technical service units, and business infrastructure within a single campus. The facility will operate with features similar to a special economic zone and will have direct access to both the airport’s operational area and the city side. The Chief Minister said the State’s objective…

At 70, Biana Watre Momin left her quiet life in the Garo Hills of Meghalaya, where she cared for her grandchildren and dogs, to travel over 3,000 km south to Kerala to act in a film. Speaking no Malayalam and with no prior acting experience, she embraced a role that would only reveal its depth once filming began. Discovering Eko The film, Eko, marked a turning point in her life. Momin, a retired English literature teacher from Tura Government College, had never aspired to act. Growing up in a town without cinemas or theaters, her exposure to performing arts was minimal,…

The Centre is preparing a ₹9,280 crore scheme to partially fund the development of water metro systems across India, in partnership with state governments and private players. The initiative aims to utilise India’s rivers, canals, lakes, backwaters, estuaries, creeks, and coastal waters to ease road congestion and promote sustainable urban transport. This proposal forms part of the draft National Water Metro Policy 2026 prepared by the Ministry of Ports, Shipping and Waterways. Connecting Cities and Islands Water metro projects will link city centres with nearby areas and islands, catering to daily passenger travel, tourism, and integration with other transport modes.…

The government’s capital expenditure for 2026–27 is set at Rs 12.2 lakh crore, with major allocations for shipbuilding, national highways, railways, and metro rail projects, Expenditure Secretary V Vualnam said. In a post-Budget interview with PTI, he noted that sectors with large ongoing and new infrastructure projects—particularly highways, railways, and urban transport including metro networks—will continue to dominate public capex spending in the next fiscal year. Overall Budget and Capital Outlay The total government expenditure for 2026–27 is pegged at over Rs 53.47 lakh crore, with Rs 12.22 lakh crore earmarked as capital expenditure aimed at creating physical infrastructure and…

The Union government has decided to move away from the routine practice of converting state highways (SHs) into national highways (NHs), adopting instead an “economy-focused” model that prioritizes industrial connectivity and freight efficiency. The policy change was highlighted during a recent high-level review of the highways sector chaired by Prime Minister Narendra Modi. New Framework for State Highways Officials said the transport ministry has been tasked with preparing a framework by the end of July to reduce the need for reclassifying state highways as national highways. Over the last eleven years, about 55,000 km of SHs were upgraded to NHs,…

Tata Sons chairman N Chandrasekaran is taking a more hands-on role at Tata Consultancy Services (TCS) to guide India’s largest IT company through a critical phase, ensuring the group’s biggest cash generator remains secure as artificial intelligence threatens traditional business models, according to sources familiar with the matter. The renewed focus includes positioning TCS as the default AI partner for Tata Group companies and exploring acquisitions of AI-focused startups to accelerate its shift toward AI. “The legacy business model of TCS cannot remain as it was,” said an executive close to the matter. “Chandrasekaran has instructed his team to do…

Exporters in Tiruppur expect garment shipments to the United States to double to Rs 30,000 crore over the next three years, following the recently signed trade deal between India and the US. The textile hub, located around 450 km west of Chennai, is also likely to see a major surge in employment during this period, according to industry leaders. Major Boost for Exports Tiruppur Exporters’ Association president K M Subramanian said garment exports from Tamil Nadu currently stand at around Rs 15,000 crore. With the new agreement in place, that figure is expected to rise sharply. “The exports are projected…

Swiss luxury watchmaker Rado’s global CEO Adrian Bosshard has said that while the India-European Free Trade Association (EFTA) trade agreement, effective October 2025, offers a price advantage for consumers, the depreciation of the Indian rupee has largely offset these benefits. Without the agreement, he noted, Indian buyers would have faced significantly higher prices for Swiss-made watches. “Any trade deal that lowers taxes is good for consumers, as they pay for the product and not the taxes. But with the Swiss franc being strong and the rupee weakening, the impact is limited,” Bosshard told ET during his visit to India. Under…

Indian Railways is moving toward a passenger-focused model offering faster, more comfortable, and premium travel experiences. Finance Minister Nirmala Sitharaman’s Union Budget announcement of seven new high-speed rail corridors underscores this effort to transform intercity travel. The move comes as Indian Railways upgrades overnight journeys with Vande Bharat sleeper trains, which combine speed, comfort, and modern passenger amenities, while Amrit Bharat trains improve facilities for the common traveller. The seven new high-speed corridors are designed to serve as growth connectors, linking major economic centres across India: Experts note that these corridors will drastically reduce travel times, increase passenger capacity, and…