Regulator Fines Air India Rs 1.1 Crore for Safety Violation
Air India has been penalised by the Directorate General of Civil Aviation (DGCA) for flouting safety rules on flights operating on certain long-range terrain critical routes. The aviation regulator imposed a fine of Rs 1.1 crore on the national carrier after an investigation revealed non-compliance by the airline. The case pertains to a pilot refusing […]
Suzlon Wins 642 MW Wind Project from ABC Cleantech
Suzlon Group, a leading renewable energy solutions provider, has secured a 642 MW order from ABC Cleantech Private Limited, a joint venture between Brookfield and Axis Energy in India. The order is for Suzlon’s 3 MW series of wind turbine generators, which will be installed in Andhra Pradesh. Suzlon will also provide installation, commissioning and […]
Mumbai-Ahmedabad HSR’s 28 Seismometers for Earthquake Warning
The Mumbai-Ahmedabad High-Speed Rail Corridor, also known as the bullet train project, is set to become the first railway project in India to have an Early Earthquake Detection System (EEDS) to ensure the safety of passengers and critical infrastructure during earthquakes. The National High Speed Rail Corporation Limited (NHSRCL), which is implementing the project, announced […]
Rs 15 Cr Agri Start-up Funding from IIM Kashipur Initiative
IIM Kashipur’s Foundation for Innovation and Entrepreneurship Development (FIED) and E-Cell recently organised the 7th edition of Uttishtha, the biggest agri start-up expo in India. The two-day event showcased a number of forward-thinking startups run by bright young people from all around the nation, who presented their products and services that support the agricultural industry […]
L&T Secures Order for Dubai Solar Plant
Larsen and Toubro (L&T), India’s leading engineering and construction company, has announced that its renewable engineering, procurement, and construction (EPC) arm has been chosen as the turnkey contractor to establish a 1800MWac solar photovoltaic plant in Dubai, the United Arab Emirates . Project details The project is the sixth phase of the Mohammed bin Rashid […]
HC Approves GST ‘Anti-Profiteering’ Clause
The Delhi High Court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which requires companies to pass on the benefit of lower taxes and input tax credit to consumers. The ruling will affect over 100 companies that had challenged the provision and the orders of the National Anti-Profiteering Authority (NAA). […]
responsAbility’s $25M Investment in BluSmart’s EV Expansion
responsAbility, a Switzerland-headquartered impact fund, has announced that it will invest up to USD 25 million on behalf of its investors in BluSmart, India’s leading EV ride-hailing service and EV charging infrastructure network. This investment is part of responsAbility’s broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia. BluSmart, […]
Airbus-Tata Helicopter Deal Sealed in Macron’s Visit
Airbus and Tata Group have signed a pact to set up India’s first helicopter final assembly line (FAL) in the private sector for the H125 civil helicopter. The deal was announced during the two-day visit of French President Emmanuel Macron to India as Chief Guest at the Republic Day celebrations on January 26. Details of […]
Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]
Adani Green Energy Secures $750M Bond Funding
Adani Green Energy Limited (AGEL) has successfully completed the funding of reserves for its $750 million Holdco Bond, which is due to mature in September 2024. The funding sources include a joint venture with TotalEnergies, a preferential allotment to the promoters, and the company’s financial reserves. This move demonstrates the company’s commitment to achieving its […]