Govt plans to set up helipads, drone landing facilities along national highways: Nitin Gadkari
According to an official release, the Minister for Road Transport and Highways said that NHAI is developing world-class 'Wayside Amenities (WSA) at more than 600 locations along the National Highways. Apart from basic facilities like good toilets, parking and restaurants; these wayside amenities will also have dormitories for truck drivers, facilities for charging electric vehicles, and trauma centres, among others, he said. Key Points
Economic TimesCapitaLand India Trust invests in three Chennai industrial facilities
India Business News: CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities at OneHub Chennai. This investment further diversifies CLINT's portfolio and strengthens its industrial presence in Chennai. Key Points
Times Of IndiaMahindra Logistics expands warehousing capacity in Nashik
Nashik, Jan 29 (PTI) Mahindra Logistics Limited on Monday said it will develop a new 3 lakh square feet warehouse in Nashik where the company has already expanded an existing facility. The company said it inaugurated a 1 lakh square feet unit at its existing multi-client warehouse in Nashik. The new 3 lakh sq feet […] Key Points
ThePrintAAP to cite Subrata Roy precedent to give Arvind Kejriwal access to facilities to run govt
AAP seeks to have Tihar Jail area declared as a 'prison' to provide office facilities for Arvind Kejriwal, inspired by similar cases in the past. The request includes access to video conferencing, a unique situation with a CM running the government from jail. Key Points
Economic TimesGopal Snacks IPO price band fixed at Rs 381-401/share; issue to open on March 6
Gopal Snacks IPO is an offer for sale worth Rs 650 crore. The snackmaker looks to sell shares in the range of Rs 381-401 per share. The public offer will open next week on March 6 and run till March 11. Key Points
Economic Times
PM Modi to inaugurate 6 AIIMS in next six days
Prime Minister Narendra Modi will inaugurate six new AIIMS, including Samba in Jammu and Kashmir and Rae Bareli in Uttar Pradesh, in the next six days. The AIIMS Jammu is being established under the Pradhan Mantri Swasthya Suraksha Yojana. Key Points
Economic TimesGathiya maker Gopal Snacks' IPO opens for subscription today. Should you bid?
The IPO of Gopal Snacks opens with a price band of Rs 381-401 per share. It has a diverse product portfolio and six manufacturing facilities. Revenue for H1 2023 was Rs 676 crore. Intensive Fiscal Services, Axis Capital, and JM Financial are the lead managers. Key Points
Economic TimesJPMorgan Chase opens new offices in Mumbai, Bengaluru
JPMorgan Chase has opened two new technology and operations centres in Bengaluru and Mumbai. The 1.16 million square feet Mumbai campus is situated on the Nirlon Knowledge Park, while the 1.12 million square feet-Bengaluru hub is located within the Embassy Tech Village. These two facilities will become two of JPMorgan's top technology and operations centres globally. Key Points
Economic TimesGopal Snacks IPO sails through on Day 2 of bidding process. Check GMP & other details
Gopal Snacks IPO was subscribed 0.90 times so far on day 2. The IPO price band has been set at Rs 381-401/share. Analysts remain mixed on the public offer over the competition in the industry and over reliance on specific product categories and regions. Key Points
Economic TimesPak’s caretaker PM Kakar directs authorities to extend maximum facilities to Sikh pilgrims
‘Sikh pilgrims coming to the country to visit their holy places are the guests in Pakistan’. Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday directed the authorities to extend maximum facilities to the Sikh pilgrims intending to attend their religious festivals in the country. Key Points
The Tribune India
Adani opens 2 units to manufacture ammo, missiles
Adani Defence and Aerospace today announced the inauguration of two separate facilities to manufacture ammunition and missiles... Key Points
The Tribune IndiaSix dead, four missing in rains in China
The current round of rainfall has now ended, the state-run Xinhua news agency reported. A total of 18,916 people have been evacuated, with 21 temporary relocation facilities established. Rescue forces have restored the functionality of 85 electricity and 26 telecommunication facilities. Key Points
Economic TimesNow, 10,000 fuel pumps offer EV charging points
The government has been pushing state-run oil companies to build a reliable network of charging facilities to help EV drivers overcome range anxiety. This is crucial for faster adoption of electric mobility in the country and bolster the government's aim to cut costly fuel imports besides reducing rampant pollution. Key Points
Economic TimesDefence Ministry looks to rope in desi companies for upkeep of western aircraft
Indian industry is being sought to create repair and overhaul facilities for western-origin aircraft, as part of the country's 'Make in India' initiative. A capability assessment is underway to evaluate the infrastructure of interested parties. The move comes as maintenance support contracts for some western-origin aircraft are set to finish, and will test foreign suppliers that promised to transfer repair and overhaul facilities to India at the time of purchase. The Chinook, Apache and C 130J transport aircraft could also be part of the initiative. Key Points
Economic TimesEV push in Budget to give fillip to warehousing & logistics sectors
The government's emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country's industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the 'Make In India' program and aims to create a robust EV industry. This move is expected to not only reshape the automobile industry but also fuel demand for new storage, distribution, and logistics facilities. The intricate logistics involved in the EV supply chain will drive the need for strategically located and advanced warehouses to support the growing EV market. Key Points
Economic Times
Clorox says production sites back up after August cyberattack
Clorox (CLX.N) said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker's business. Key Points
ReutersRIL partners with Oberoi Hotels to co-manage hospitality projects
Reliance Industries has partnered with The Oberoi Hotels and Resorts to co-manage three hospitality projects, including the Anant Vilas Hotel in Mumbai's Bandra Kurla Complex, Stoke Park in the UK, and another project in Gujarat. The Mumbai Anant Vilas hotel aims to offer an iconic experience in the bustling business district. Key Points
Economic TimesDGCA starts special audit of Go First's facilities
Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations. A team of officials from the Directorate General of Civil Aviation (DGCA) started the special audit of the facilities of Go First in Mumbai on Tuesday, according to an airline executive. Key Points
Economic TimesAyodhya Railway station renamed 'Ayodhya Dham Junction' ahead of Ram Mandir inauguration
Prime Minister Narendra Modi is set to inaugurate 'Ayodhya Dham,' a railway station with cutting-edge facilities, on December 30. While the station's development is planned to occur in three phases, the first phase has been fully completed ahead of its inauguration, according to an official statement from the government of UP on Wednesday. Key Points
Economic TimesTent cities being erected in Ayodhya to host devotees
It will be cold. Even if 10,000-15,000 people come to stay, where will they find shelter, facilities for food, water and toilet? Tent cities comprising tin-shed tents are being built by the trust which will be maintained till February, Champat Rai, general secretary of the trust, said on Thursday. Key Points
Economic Times
High-level USFDA delegation visits Divi's Labs manufacturing facilities in Hyderabad
India Business News: A delegation from the US Food & Drug Administration (FDA), led by Commissioner Dr. Robert M. Califf, visited the manufacturing facilities of Indian ph Key Points
Times Of IndiaKeeping up with UP | Will politicians listen to their rightful demand for political inclusion?
At least 26.8 million persons with disabilities (PWDs), about 2.21% of the country’s population, are waiting to be heard in their quest for political inclusion. Key Points
Hindustan TimesBITS Pilani bags SATHI Project worth 60 crore grant, here are more details
The project comes with comes with a grant of Rs. 60 crores aimed at setting up advanced research facilities at the institute. | Education News Key Points
Hindustan TimesFoundation stone for POL & LPG project of HPCL laid in Assam
Guwahati, Feb 24 (PTI) The foundation stone for a first-of-its-kind combined petroleum, oil, and lubricants (POL) & LPG facilities of Hindustan Petroleum was laid at Kamardanga in Assam’s Chirang district, an official statement said.. Union Minister of State for Petroleum and Natural Gas Rameswar Teli attended the programme.. “This visionary project, with an investment of […] Key Points
ThePrintLaksha for Dweep: ₹3.6kcr plan to turn islands in tourist hub
India has proposed a ₹3,600-crore infrastructure upgrade plan for the Lakshadweep islands, aiming to transform them into a tourist hub. The plan includes developing port facilities, peripheral roads, and beachfront amenities. Financed through the Sagarmala scheme, which focuses on port-led development, the initiative aims to boost tourism and generate employment. Despite recent controversy, Lakshadweep's natural beauty lacks sufficient infrastructure, prompting investment to harness its potential and offer an alternative to Maldives. Key Points
Economic Times
Intel delays $20 billion Ohio project, citing slow chip market: report
Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. Key Points
Economic TimesIndia Inc makes little headway in getting new-gen chip technology
Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta with potential partners, especially from Taiwan, have made little headway due to firm terms. Global companies are adopting a wait-and-watch approach and prefer to go on their own due to technology transfer fears. Reliance Industries is also evaluating the market potential. Taiwan sees India as a potential ally against China and having manufacturing capacity and next-gen chip design ability is crucial. The major challenge is the absence of advanced fabrication facilities and expertise in India. Key Points
Economic TimesIndia plans warehouse in UAE, Akin to China
The project is crucial as India and the UAE aim to double their non-petroleum trade target to $100 billion by 2030 as part of the Comprehensive Economic Partnership Agreement (CEPA), which came into effect last year. The complex is to be set up in Jebel Ali Free Zone (JAFZA), a DP World company. Key Points
Economic TimesMatthew Perry felt that his Friends co-stars weren't battling addictions as hard as he was
Friends co-star Mathew Perry shared his battles with addiction to alcohol and drugs. He lost almost 128 pounds because he was addicted and took almost 50-55 tablets a day. He claimed to have gone to 15 different recovery facilities, attended roughly 6,000 sessions of Alcoholics Anonymous, and calculated that he had spent about $9 million on his sobriety. Key Points
Economic TimesDeath toll from Russia missile strike on Ukraine's Hroza rises to 52
A missile slammed into cafe and grocery store on Thursday. Russia denies deliberately targeting civilians, but many have been killed in attacks that have hit residential areas. Key Points
ThePrint
Tata Motors committed to zero emissions by 2045, says Executive Director Girish Wagh
Tata Motors is committed to achieving net zero greenhouse gas emissions by 2045 and is investing in multiple technologies, including electric and hydrogen fuel, to achieve this goal. The company plans to migrate its facilities to zero-emission technologies gradually. Tata Motors has signed a memorandum of understanding with the government of Jharkhand to establish a manufacturing facility for these technologies. Key Points
Economic TimesCBI registers FIRs against Varun Ind for Rs 388 cr bank loan fraud
The Central Bureau of Investigation has registered two separate cases against Mumbai-based Varun Industries Ltd for allegedly defrauding two public sector banks for an amount to the tune of Rs 388.17 crore. The allegations in the complaint revealed that the accused company had availed various credit facilities from the Central Bank of India in a consortium led by Indian Bank, with a total sanctioned working capital-term loan limit of Rs 292.15 crore in September 2011. Key Points
Economic TimesAuto supplier Magna to invest $790 mln to build three new facilities
Canadian auto parts maker Magna International Inc (MG.TO) said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's (F.N) BlueOval City campus in Tennessee. Key Points
ReutersLokayukta asks MPCB to monitor air pollution in Taloja for a month
Maharashtra Pollution Control Board has been ordered to deploy an observation van in Taloja to monitor air pollution levels and identify industrial units releasing obnoxious gases, while directing them to install pollution-control devices. The order also highlighted the presence of unauthorised construction in the 500 metre buffer zone from the boundary of notified common integrated treatment, storage and disposal facilities. The matter has been adjourned until 2 June. | Mumbai news Key Points
Hindustan TimesCrisil revises Vedanta’s NCD, long-term bank facilities to negative
Crisil Ratings has revised the rating of ₹6,444 crore and ₹3,000 NCDs to negative, while it reaffirmed a ‘AA’ rating. It reaffirmed a A1+ rating for ₹10,000 crore commercial paper and short-term loan facilities. Key Points
Financialexpress