A strategic plan to decentralize Telangana state has been unveiled by the Telangana Government under the leadership of Governor Tamilisai Soundararajan. With Hyderabad placed as the central hub, this initiative’s major aim is to divide the state into three distinct zones. The first zone encompasses the city within the Outer…
Breaking away from its longstanding focus on affordable housing, the Delhi Development Authority (DDA) is charting new territory by venturing into the luxury housing sector. Subhasish Panda, Vice Chairman of DDA, shared in an interview with CNBC-TV18 that this marks the first instance of the authority delving into the luxury…
In a significant development, the U.S. International Development Finance Corporation (DFC) has announced a $553 million loan to Colombo West International Terminal Private Limited (CWIT), a project partially owned by the Adani Group. The funding aims to support the construction and operation of the West Container Terminal at the Port…
The Adani Group has entered into a $750 million worth 500-megawatt wind power project in Sri Lanka. Since the company secured 553 million in debt financing from the U.S. International Development Finance Corp. for the Colombo West International Terminal, the group intends to commission the wind project in the north-western…
Over the past nine years, Indian Railways has taken up modernization lead by manufacturing over 31,000 Linke Hofmann Busch (LHB) coaches. In the financial year 2018-19 after the national transporter ceased ICF manufacturing, traditional Integral Coach Factory (ICF) coaches were replaced by LHB coaches. These LHB coaches with technological advancements…
In recent developments, Goods and Services Tax (GST) authorities in India have taken significant actions against online gaming companies, issuing show-cause notices amounting to a staggering Rs 1 trillion due to allegations of tax evasion. This move comes as a result of an amendment to GST laws, which mandated foreign…
Aam Aadmi Party (AAP) leader and Delhi Chief Minister Arvind Kejriwal has expressed full support for his party colleague, Rajya Sabha MP Sanjay Singh, following a raid by the Enforcement Directorate (ED) at Singh’s residence. Kejriwal asserted that over 1,000 such ED raids had been carried out without yielding evidence…
Around 120 million customers, ahead of the population in many countries like Germany, are already being served by the HDFC Bank. The merger of HDFC Bank Ltd and Housing Development Finance Corp has made it the world’s 4th biggest bank, overtaking giants like HSBC Holdings plc and Citigroup Inc. At…
As per the statement of Nitin Gadkari,our union minister for roads, transport and highways – the government had planned to make it compulsory for car manufacturers to produce flex-fuel engines after obtaining the necessary permissions from the supreme court of India. Flexible fuel vehicles (FFVs) consist of internal combustion engine…
China, a city of high-tech architecture. Citizens of China always think about going on adventures and building high-tech cities. They give more importance to architecture, technology, manufacturing industries, temples, and so on. China is the city where they utilize electromagnetic force. The maglev train travels above the track with no…