Author: News Desk

Indian Railways introduces first aluminium freight rake. Union Minister Ashwini Vaishnaw inaugurated it at Bhubaneswar Railway Station. It has been fully designed and developed in India. It was done in collaboration with HINDALCO, RDSO, and Besco Wagon. The single rake in its lifetime saves over 14,500 tonnes of CO2. It is 85 percent recyclable and has 180 ton extra carrying capacity. It is lightweight and requires lower maintenance. Compared to steel rakes, it has a longer life. It is part of India’s initiative to build a green network.

Gati Shakti Cargo Terminals are being created to handle railroad cargo in accordance with Prime Minister Narendra Modi’s “Gati Shakti” vision and the Ministry of Railways’ policy for the “Gati Shakti Multimodal Cargo Terminal” (GCT) (announced on December 15, 2021). A total of 96 further places have been tentatively identified for the creation of GCTs, and 15 GCTs have already been put into operation. It has been planned to commission 100 Gati Shakti Cargo Terminals throughout the course of the following three fiscal years. Based on industrial demand and the possibility for freight traffic, GCT locations are chosen.

The government intends to use the roughly 15,000-strong network of the 43 Regional Rural Banks (RRBs) in the nation to provide credit to rural consumers by pushing them to broaden their portfolio by including new segments. The new mandate will force RRBs to give credit for small enterprises, housing, and even education in rural India in addition to their traditional agricultural loans. The Department of Financial Services has raised concerns about public-sector banks slowing lending for education loans due to higher defaults and the ongoing struggle of the Micro Small and Medium Enterprise sector, which suffered the most in the…

India and France to adopt a roadmap for the development of green hydrogen. This is part of the two nations’ efforts to promote clean energy transitions. The two nations together would meet the carbon neutrality targets. Together, they would establish a reliable and sustainable value chain. This would work towards developing decarbonised hydrogen. The roadmap was adopted by French Minister Chrysoula Zacharopoulou and Union Minister R.K. Singh.

For EV infrastructure solutions, Mahindra & Mahindra, a global leader in the automotive industry, has teamed with electric vehicle network supplier Statiq. Statiq will assist Mahindra with charging station operations as part of this partnership, and the two companies will work together to focus on various e-mobility tech integration projects in the future. A joint statement from the corporations added that the main goal of the collaboration is to give EV users a strong, accessible, cost-effective, and dependable transportation network across the nation. Akshit Bansal and Raghav Arora established the Gurugram-based business in 2019 with the goal of offering complete…

Ather Energy, a maker of electric two-wheelers with headquarters in Bengaluru, has raised 400.6 (about $ 50 million) in a new investment round that was co-led by Herald Square Ventures and an existing investor, Caladium Investment. According to VC Circle, Caladium Investment invested 400 crore in Ather Energy and will receive 51,276 CCPS with a face value of 10 and a premium of 77,998 in exchange. Ather, a company that develops and sells electric scooters, was founded in 2013 by Tarun Mehta and Swapnil Jain. Its most well-known model is the Ather 450x.In September, the business sold 7,435 electric scooters…

India and Saudi Arabia embark on a cross-country mission carrying on the wave of a new era of energy diplomacy, the Gujarat coast may soon connect up with the Middle East via deep sea cables, creating a green energy grid. In order to lay the groundwork for the visit to India by the Saudi Prime Minister and Crown Prince Mohammed bin Salman next month, Saudi Energy Minister Prince Abdulaziz bin Salman will spend the entire day on Friday in New Delhi. Beyond oil exports, informed sources indicated that both sides are likely to spark discussions about an undersea cable for…

IIT Madras develops a new technology called ‘iTad’. This new touchscreen technology let users feel the texture of images. This is useful while purchasing products from the e-commerce sites. Feeling the texture of the product will help in decision making. About 30 per cent of returns in online shopping happens due to the mismatch of user experience. The researchers collaborated with Merkel Haptics for the study. ITad can also be helpful for the visually-challenged persons.

North East Entrepreneurship Development Program is an initiative from North Eastern Council (NEC) in collaboration with IIM Calcutta Innovation Park. As a part of this program, 270 entrepreneurs (120 early revenue + 150 idea/prototype stage) will be selected from 8 North Eastern states and will be provided incubation/pre-incubation support, mentorship and financial grants. Details of grant – 3 Lakhs for 120 entrepreneurs in incubation, 1 Lakh for 150 entrepreneurs in pre-incubation. Additional 7 Lakhs for top 20 in incubation, additional 4 Lakhs for top 25 in pre-incubation.

At Gitex Global 2022, the flying bike Xturismo presented by Japanese company Arewins Technologies wowed the audience. The hoverbike was showcased at the world’s largest technology event at the Dubai World Trade Centre. The single-seater flying bike costs $777,000 (roughly Rs. 6 crore 39 lakhs). This hover bike has a weight of 300 kg and a maximum payload of 100 kg. It has a speed of 80 to 100 km per hour and a range of 40 km. This hover bike has an internal combustion + battery model. The bike with remote navigation, auto steering and autonomous control system is…