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News Project
Concor Abandons Plan To Adopt New Land Lease Regime For Existing Terminals.
Container Corporation of India Ltd (CONCOR) has reversed its decision to transition existing terminals built on Indian Railways land to the Gati Shakti Cargo Terminal (GCT) policy, citing concerns over uncertainty. The company's Chairman and Managing Director, Sanjay Swarup, confirmed the move, emphasizing that while the policy would be applied to new greenfield terminals, the risks of migrating brownfield terminals under the GCT scheme were too high. Previously, in May 2024, CONCOR had expressed its intention to apply for migration under the new Gati Shakti policy for its Tughlakhabad inland container depot, aiming to cut down its land license fee (LLF) by approximately ₹120 crore annually. However, the company now believes that the potential uncertainties of shifting to this new regime outweighed the benefits. For FY24, CONCOR paid a land license fee of ₹424 crore to the Ministry of Railways for 26 terminals across India, with ₹360 crore of that amount paid for the Tughlakhabad terminal alone. The Gati Shakti policy promised to significantly reduce the LLF from the current 6% per annum to just 1.5%, making it a potentially attractive option. However, the proposed shift would have required going through a tendering process that could complicate operations, particularly for high-traffic terminals like Tughlakhabad. Container train operators raised concerns over the GCT policy, noting that the introduction of common user facilities could lead to logistical chaos as multiple operators could bring in trains, potentially leading to greater control by Indian Railways and lack of coordination at the terminals. Despite this setback for the existing terminals, CONCOR is moving forward with the GCT policy for new greenfield terminals, including projects in Mandalgarh (Rajasthan) and near Haridwar, where the company is acquiring land for expansion.
water
Feb 17, 2025
News Project
Highway Ministry To Finance Kela Tunnel Project In Ladakh.
The Centre has approved the construction of a tunnel through Kela Pass in Ladakh, connecting Leh to Pangong Lake, along with the upgradation of the Nurbo-Sumdo-Kiato road in Himachal Pradesh. These projects will be undertaken by the Road Transport Ministry under a dedicated budget heading for Strategic Road Projects, sources revealed. The development of these projects will facilitate year-round access for both civilians and defence forces from Leh to Pangong Lake, a region that previously faced challenges due to harsh weather conditions. The Border Roads Organisation (BRO) will prepare the Detailed Project Reports (DPRs) for the Kela tunnel and road upgradation, expediting the execution process. The Kela Tunnel, which is set to be 7-8 km long with twin tubes, is estimated to cost around ₹6,000 crore. It will significantly reduce travel time from Leh to Pangong, making it a strategic asset. The Ladakh UT administration had earlier proposed this tunnel to the central government for funding. Kela Pass is one of the highest motorable passes in the country, located at an altitude of 18,600 ft. It serves as a key gateway to Kela Tso (Lake) and connects several villages and scenic areas, including Tharuk, Sarkunchar, and Tangste, as well as Pangong Lake. In 2022, the Ladakh administration highlighted the need to build new tunnels at four major passes, including Khardung La, Fotu La, Namika La, and Kela, to improve connectivity for tourism, economic activities, and the smooth movement of defence forces.
water
Feb 17, 2025
News Project
Merlin Group And Fashion Tv To Launch ₹900 Crore Luxury Housing Project In Kolkata.
Real estate giant Merlin Group has teamed up with global lifestyle network Fashion TV (FTV) to launch the city’s first branded luxury residential project under the F Residences brand. The ₹900-crore project, located in the Rajarhat-New Town area, is set to introduce international luxury living standards to Kolkata, with offerings comparable to high-end residences in cities like Dubai, Bali, Singapore, and Mumbai. FTV will bring its technical expertise to the project, ensuring it aligns with the latest global luxury trends. The terms of the partnership involve an undisclosed license fee arrangement, according to the companies. Saket Mohta, Managing Director of Merlin Group, emphasized that the collaboration is driven by aspiration rather than profit margins. “It aligns with our vision to elevate urban living in Eastern India. Kolkata’s homeowners are increasingly looking for globally inspired designs and amenities,” he said. This marks Merlin Group’s first branded luxury project, and the company is keen to explore future collaborations with other global brands. Kashiff Khan, Managing Director of Fashion TV, said the project represents FTV’s entry into branded residences in Eastern India. FTV plans to maintain an exclusive partnership with Merlin in Kolkata. The company is also developing commercial projects in Ranchi and exploring opportunities in Guwahati. In total, 12 F-brand residential projects are under development across India, with Fashion TV having established franchise and licensing partnerships in nearly 20 product categories in the country. The Kolkata project will feature 880 units in its first phase, with amenities like a two-tier swimming pool, a standalone clubhouse, and a rooftop Cloud Forest, all designed to elevate the city’s luxury skyline. Merlin Group, headquartered in Kolkata, has delivered over 150 projects across India and Sri Lanka, including landmark developments like WTC Kolkata and Merlin Rise, a sports-centric township. The company is expanding its footprint with 20 million sq. ft. of upcoming residential and commercial developments.
water
Feb 17, 2025
News Project
Aster Medcity Expands With New Tower, Adds 100 Beds To Meet Rising Demand
Aster Medcity has inaugurated its fourth tower, a 1 lakh sq ft facility adding 100 beds, to address the growing healthcare needs of the region and provide advanced medical care. The new tower houses the Aster Institute of Cardiac Sciences, Aster Aesthetics, and Aster Dermatology, featuring 25 consultation rooms dedicated to cosmetic and reconstructive surgery. The expansion coincides with Aster Medcity’s 10th anniversary celebrations, the hospital announced in a press release. Inaugurating the tower, Kerala’s State Industries Minister P. Rajeeve highlighted the state's growing reputation as a medical tourism hub, crediting strong public-private sector partnerships. "Aster Medcity has been a key player in elevating Kerala’s healthcare infrastructure with world-class facilities," he said. The event also marked the launch of the renovated Aster Institute of Cardiac Sciences by Aster DM Healthcare Founder and Chairman Azad Moopen, and the introduction of the 360-degree heartcare segment by MLA T.J. Vinod. In a special moment, Manoj M.G, a former patient who underwent successful wrist replantation at Aster Medcity, inaugurated the renovated Aster Aesthetics department. His procedure was performed by the hospital’s expert Plastic, Reconstructive & Aesthetic team after his wrist was completely severed. Azad Moopen emphasized the hospital’s commitment to accessible, affordable, and high-quality healthcare, particularly at a time when medical innovation is advancing rapidly. As part of its expansion, Aster Medcity also introduced a new health initiative, “Take Charge,” encouraging individuals to adopt healthier lifestyles and reduce dependence on hospital care. Since its establishment, Aster Medcity’s 40-acre waterfront campus has played a significant role in boosting Kerala’s medical tourism, attracting patients from across the globe. It is also the first facility in Kerala to introduce high-precision robotic surgeries using the da Vinci system, having performed over 5,000 robotic-assisted surgeries through its Aster Minimal Access Robotic Surgery (MARS) programme.
water
Feb 17, 2025
News Project
Survey Begins For Key E-Way Stretch Of Delhi Metro'S Aqua Line In Noida, Approval Expected Soon.
The Noida Metro Rail Corporation (NMRC) has initiated a topography survey to assess the elevation of buildings, markets, and roads along the proposed alignment of the Aqua Line extension from Botanical Garden to Sector 142. This 11.6-km stretch, set to run along the Noida Expressway, will connect the existing Aqua Line with the Delhi Metro’s Blue and Magenta lines, ultimately extending the metro network to Pari Chowk. The extension will also improve connectivity between Delhi and the upcoming Noida International Airport in Jewar, located about 40 kilometers from the city. A project report by the Delhi Metro Rail Corporation (DMRC) is awaiting central government approval, but sources indicate that the metro extension may receive clearance soon, as flights are expected to begin at the Noida airport in April. The project was approved by the state cabinet in June 2024, with an estimated cost of ₹2,254.35 crore, to be funded by the Ministry of Housing and Urban Affairs (MoHUA) and the Noida Authority. Lokesh M, CEO of Noida, expressed urgency in advancing the project, emphasizing that the Aqua Line extension would significantly cut travel time between Greater Noida and Delhi, offering a direct metro connection to the Noida airport. The new line will provide a seamless link to the Blue and Magenta lines at Botanical Garden, requiring only one train change for passengers. Currently, passengers must switch trains at Sector 51 to access the Blue Line or Magenta Line and reach Delhi's IGI airport. The new corridor will feature eight stations along its elevated route, including stops near Sector 96 (Noida Authority’s future office), Sectors 44, 105, 93, and additional stations at Sectors 97, 108, and 91. The topography survey, which includes mapping buildings, commercial zones, and utilities along the route, is expected to be completed in the coming weeks. This data will be crucial for determining the final alignment of the metro corridor and addressing any potential obstacles. The new stretch is projected to serve at least 70,000 passengers daily. Additionally, two other metro projects in Noida are awaiting government approval: a 17.4-km corridor from Sector 51 to Knowledge Park V, with 11 stations, and a 2.6-km extension from Depot to Bodaki, with two stations.
water
Feb 17, 2025
News Project
Hero Motocorp Projects Double-Digit Revenue Growth For Next Fiscal, Says Cfo.
Hero MotoCorp, India’s largest two-wheeler manufacturer, anticipates double-digit revenue growth in the next fiscal year, backed by continued investments in new products and segments, Chief Financial Officer Vivek Anand said. The company, which posted ₹10,260 crore in revenue for the December quarter, is also on track for double-digit revenue growth in the current fiscal. “This year, we had guided for double-digit revenue growth, and based on our performance in the first nine months and the momentum in the fourth quarter, we believe we will see a repeat next year as well,” Anand stated during an analyst call. Hero MotoCorp’s consolidated revenue from operations for FY24 stood at ₹37,789 crore, up from ₹34,158 crore in FY23. Anand reiterated the company’s focus on investing in premium and electric vehicle (EV) segments, as well as improving customer service through its Hero 2.0 and Premia initiatives. The company is revamping select sales outlets under the Hero 2.0 theme while expanding its premium showroom network under the Premia brand. Anand expressed optimism about the growth of the domestic two-wheeler industry, citing sustained demand, a recovery in both rural and urban markets, and the expansion of its 125cc portfolio. “With new product launches and strong investments in power brands, we expect to outpace industry growth,” he added. He also highlighted the positive impact of the Union Budget, which provides tax relief for the middle class, potentially boosting two-wheeler sales. “For individuals earning around ₹10-12 lakh, the expected tax savings of ₹40,000-50,000 could cover EMIs on a two-wheeler, supporting sector demand,” he noted.
water
Feb 17, 2025
News Project
Drdo And Midhani Sign Mou To Develop Special Grade Steel For Aeronautical Applications.
The Aeronautical Development Agency (ADA), a key lab under the Defence Research and Development Organisation (DRDO), has signed a Memorandum of Understanding (MoU) with public sector enterprise MIDHANI for the indigenous development of high-strength, high-toughness special grade steel “MDN100” for aeronautical applications, including the fifth-generation Advanced Medium Combat Aircraft (AMCA). The MoU was inked during the recently concluded Aero India 2025, with DRDO highlighting the steel’s excellent forgeability and potential for use in highly stressed aircraft components, offering significant weight-saving benefits. The initiative aligns with India’s Atmanirbhar Bharat mission, furthering self-reliance in defence manufacturing. MIDHANI has been a key supplier of critical materials for DRDO and Hindustan Aeronautics Ltd (HAL) in various aeronautical projects. At the Aero India event, the company also showcased SuperNi 41 plates, a nickel-chromium-based superalloy capable of withstanding extreme temperatures in aero engines. ADA, the nodal agency for combat aircraft development in India, is spearheading the AMCA project. Other major programmes currently under ADA’s purview include the LCA Mk2, AMCA, and the Twin Engine Deck-Based Fighter (TEDBF) for the Indian Navy.
water
Feb 17, 2025
News Project
Hfcl Targets ₹10,000 Crore Revenue, Eyes Growth From Overseas Sales
Telecom gear maker HFCL is betting on international sales and defence contracts to drive its growth as it aims to become a ₹10,000-crore revenue enterprise, Managing Director Mahendra Nahata said. During the company’s recent investor call, Nahata revealed that HFCL’s order book stood at ₹10,000 crore as of December 31, 2024. The company is expanding its global footprint by appointing employees, distributors, and dealers in key markets. “We expect a substantial rise in export revenue from our optic fibre segment and anticipate that a significant share of our telecom revenue will also come from international markets,” Nahata said. HFCL’s board has approved a strategic expansion into Europe, with plans to set up an optical fibre cable manufacturing facility in Poland. This follows the European Commission’s anti-dumping duty announcement on Indian OFC manufacturers, from which HFCL remains exempt. Financial Performance and Key Orders HFCL reported ₹1,012 crore revenue in Q3 FY24 and expects to add another ₹350-400 crore in Q4, though it may fall short of its ₹2,000 crore full-year target due to delays in customer readiness and equipment supply. Notable recent contract wins include: Defence Expansion HFCL also inaugurated a defence manufacturing unit in Hosur last quarter. Nahata expects significant defence orders in the coming financial year, though approval processes remain slow. The company has received a letter of intent for ₹800 crore worth of defence orders, which has been delayed but is expected to be completed by April or May. With an expanding global footprint, strategic investments, and a growing defence portfolio, HFCL remains optimistic about its long-term growth trajectory.
water
Feb 17, 2025
News Project
Assam To Sign Mous With Japan And Singapore At Advantage Assam 2.0, Announces Cm Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma announced that the state government will sign two significant Memorandums of Understanding (MoUs) with Japan and Singapore during the upcoming Advantage Assam 2.0 investors summit. The MoUs focus on manpower recruitment and academic collaboration. Sarma highlighted that Japan is interested in recruiting up to 50,000 workers from Assam, with plans to expand the number in the future. He also mentioned that Japan will send around 20 professors to Assam, where a language testing centre will be set up. Additionally, Singapore seeks to hire nurses from Assam, with 17 nurses already placed. Sarma expressed his satisfaction with the positive feedback from Singapore following his recent visit. "This is a groundbreaking initiative for Assam's youth," said Sarma, adding that discussions during the summit will also explore dual degree programs between Assam’s universities and Japan, fostering stronger academic ties. In a related development, Sarma revealed that Bhutan is developing a "Mindfulness City" in Gelephu, which is located just 8 kilometers from Assam. He suggested that the state may explore the possibility of establishing a Special Economic Zone (SEZ) in the region. The Advantage Assam 2.0 summit, which will be inaugurated by Prime Minister Narendra Modi on February 24, is expected to attract high-profile participation. External Affairs Minister S. Jaishankar and Union Finance Minister Nirmala Sitharaman will be part of thematic sessions, with other key Union Ministers, including Jyotiraditya Scindia, Ashwini Vaishnav, and Piyush Goyal, also attending. Sarma shared that 31 ambassadors from various countries have confirmed their participation. The event will also be attended by leading industrialists, including Tata Sons Chairman N. Chandrasekaran, Vedanta Chairman Anil Agarwal, JSW Chairman Sajjan Jindal, and business magnates Mukesh Ambani and Gautam Adani. The summit will focus on sectors like tourism, renewable energy, hydrocarbons, electronics, aerospace and defense manufacturing, and sustainable industries. With 7,000 registrations already received, the event is expected to be a key platform for fostering international collaboration and investment opportunities. Sarma also noted that roadshows conducted across Assam had successfully engaged thousands of local industrialists. The summit has garnered participation from seven partner countries, with confirmations from Bhutan, Japan, Australia, Singapore, Thailand, Malaysia, and others. Multilateral organizations, including the World Bank, the European Union, and the Asian Development Bank, are also expected to be represented.
water
Feb 17, 2025
News Project
Direct Metro Links To Gandhinagar, Gnlu, And Gift City Announced.
Starting February 16, passengers traveling on the Gujarat Metro Rail will enjoy a more convenient and direct route to Gandhinagar Sector 1, Gujarat National Law University (GNLU), and Gift City from APMC station, eliminating the need to switch trains at Motera. Officials from the Gujarat Metro Rail Corporation confirmed that they have received approval from the Commissioner of Metro Rail Safety to enhance train frequency and introduce direct connectivity. This change means commuters can now travel seamlessly to their destinations without the previous transfer at Motera Stadium or GNLU. Additionally, bus services have been introduced to connect GNLU station with Gift City offices at 30-minute intervals, with stops at Pandit Deendayal Energy University (PDEU). Previously, passengers traveling to Gift City had to switch trains at GNLU, with a wait time of 5 to 10 minutes. With the new system in place, trains to Gandhinagar Sector 1 and Gift City will now run every 30 minutes during peak hours and on an hourly basis during off-peak periods. However, passengers traveling from Vastral or Thaltej Gam will still need to change trains at the Old High Court station. The east-west corridor (Thaltej Gam to Vastral Gam) offers a continuous journey to Gandhinagar on the same ticket. These updates are part of ongoing efforts to improve Metro connectivity and make travel more efficient for commuters in Gujarat.
water
Feb 17, 2025
News Project
Sail To Invest $800 Million In New Rail Mill, Says Chairman Prakash.
Steel Authority of India Ltd (SAIL) is set to establish a new rail mill with an investment of $800 million, despite the absence of confirmed orders from its largest buyer, Indian Railways, Chairman Amarendu Prakash announced recently. Speaking at the Global Business Summit (GBS) in the national capital, Prakash highlighted the company’s strong confidence in the domestic rail demand, attributing it to the government’s growth-oriented policies. “Last week, we decided to invest $800 million in a rail mill because I am confident that railways will continue to grow and will have to buy from us. This kind of decision is possible when we have clarity on policies that support growth,” Prakash stated. SAIL has been engaging with Indian Railways for the past seven years to understand future procurement plans, but no long-term commitments have been made. Despite this uncertainty, the company has decided to move forward with the investment, betting on sustained infrastructure expansion. SAIL currently manufactures rails at its Bhilai Steel Plant in Chhattisgarh and produces forged wheels at its Durgapur Steel Plant in West Bengal. The new rail mill is expected to enhance the company’s production capacity to meet anticipated demand in the coming years.
water
Feb 17, 2025
News Project
Delhi Metro'S Aqua Line Extension In Noida Set For Approval As Survey Commences.
The Noida Metro Rail Corporation (NMRC) has begun a topography survey to assess the elevation of buildings, markets, and roads along the proposed 11.6-km extension of the Aqua Line from the Botanical Garden to Sector 142 in Noida. This corridor will run alongside the Noida expressway and connect the Aqua Line with Delhi Metro's Blue and Magenta lines, ultimately extending the metro network from the Botanical Garden to Pari Chowk. This extension will also provide a crucial mass transit link between Delhi and the upcoming Noida International Airport in Jewar, located about 40 kilometers away. A project report by the Delhi Metro Rail Corporation is awaiting central government approval. With passenger flights set to begin operations at Noida airport in April, approval for the metro extension is expected soon. The project, which has already received state cabinet approval in June 2024, is estimated to cost Rs 2,254.35 crore, with funding from the Ministry of Housing and Urban Affairs (MoHUA) and the Noida Authority. Lokesh M, CEO of Noida, emphasized the importance of the 11.6-km metro link, saying it will significantly reduce travel time for residents of Greater Noida and Noida Expressway sectors. The new corridor will allow passengers to switch trains once at Botanical Garden to access the Blue and Magenta lines, while also bringing the metro closer to the Noida airport. "We are finalizing all procedures for this metro link to ensure construction begins promptly once central government approval is received," he added. Currently, the Aqua Line connects Greater Noida's depot station to Sector 51 in Noida. However, passengers must switch to either the Blue Line at Sector 52 or the Magenta Line at Botanical Garden to reach Delhi. The new corridor will introduce eight additional stations, including stops near the Noida Authority's future office in Sector 96, as well as in sectors 44, 105, 93, 97, 108, and 91. The ongoing topography survey will determine the precise alignment of the new metro corridor, factoring in any potential obstacles. The survey is expected to be completed in the coming weeks, with the new route projected to serve at least 70,000 passengers daily. In addition to this project, two other metro corridors are awaiting approval, including a 17.4-km stretch from Sector 51 to Knowledge Park V and a 2.6-km extension from Depot to Bodaki.
water
Feb 17, 2025