"Metro Man" E Sreedharan has emphasised integrity, punctuality and professional competence are vital factors for undertaking any major infrastructure project to avoid cost overruns.
The doors of a metro train on the HUDA City Centre-Jahangirpuri route were found to be open between two stations.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
Some of the places where heavy waterlogging was reported included the Minto Bridge underpass, Feroz Shah Road, Patel Chowk Metro Station area and Maharaj Ranjeet Singh Marg.
Listing the Delhi Metro on the stock exchange is one way to enforce financial and project discipline.
Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.
Metro likely to keep lakhs of cars off city's roads
Italian carmaker Maserati is targetting India's tier II and III cities, which are proving to be catalysts in spurring demand for super luxury brands, as it looks to strengthen foothold in the country, according to a senior company official. The company, which re-entered India in 2015, has also overhauled its after sales and service support as part of its renewed focus on customer experience. "Maserati has seen a hike in demand in smaller cities although traditionally we enjoyed steady patronage in the metros. "Even though the expansion in terms of physical network presence in these cities depends on our partners," Maserati APAC head Bojan Jankulovski told PTI in an emailed interview.
Karnataka Government on Tuesday said it was aiming to complete the Phase-I of the metro rail project in the city by December next year and has begun talks with Centre for taking up the second phase of the mass rapid transport system to ease traffic congestion in the IT capital.
Mumbai's first metro project between Versova-Andheri-Ghatkopar will be commissioned in 30 months, instead of the stipulated 60 months.
The rail link is considered necessary as it will help decongest the growing traffic once the proposed airport comes up in Navi Mumbai.
Metro rail projects in Hyderabad and Mumbai will come up through PPP model. Besides Metro, government is also keen to allow bus rapid transit (BRT) system, construction of road over bridge (ROB) and underpass through the PPP mode. The JNNURM scheme launched in the end of 2005 recognises that mere funding of infrastructure projects alone will not enable in transforming cities and what is required is a clear focus on a set of reforms at state and urban local body level.
Five people died in rain-related incidents in Delhi Friday as Monsoon arrived with a fury early in the morning, lashing the city with its highest rainfall in a single day of June in 88 years which brought it to a standstill with streets flooded, traffic in chaos and some commuters stranded on roads.
Clean air needs action all year round; and that it will work only if we act jointly and at scale, asserts Sunita Narain.
'Maharashtra is virtually in a debt trap.'
PM Modi can be quite a chatty co-passenger. Here's proof
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Delhi Chief Minister Arvind Kejriwal has issued directions from the Enforcement Directorate custody to ensure that medicines and tests are available to people at all government hospitals and Mohalla Clinics, Health Minister Saurabh Bharadwaj said on Tuesday.
Widespread rains lashed parts of Tamil Nadu on Thursday, prompting authorities to declare a holiday for schools in Chennai and many other districts.
Mumbai is one of the most expensive cities of the world along with Hong Kong and Singapore.
Some insurance companies offer zone-based pricing.
Beijing's metro system will stretch to 561 kilometres by 2020, surpassing London's underground as the longest subway system in the world, so as to help ease worsening traffic congestion, the state media reported on Monday.
Flipkart's hyper-value e-commerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India. These efforts are being led by Prathyusha Agarwal, who recently joined as business head at Shopsy. The aim is to become the go-to destination for consumers seeking entry-level products across various categories.
Several persons fainted and emergency workers carried them in stretches and provided care in shelters. Over 30 people were rushed to nearby government hospitals with symptoms of dehydration.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
The Karnataka government on Monday decided to launch a monorail project and unveiled plans for Metro-II to cover more areas in a bid to further decongest the city's roads.
Internal documents suggest the city may not require a Metro till 2025
Farmers from different parts of Uttar Pradesh demanding adequate compensation for their lands acquired by the government marched towards Delhi on Monday but were stopped at the Noida-Delhi border where they sat on a dharna.
The trial run of Delhi Metro's swanky new 'driver-less' trains began on Tuesday, setting the ball rolling on what promises to be a technological feat in the country's public transport system in little more than a year, when they will run on 'unattended' mode.
The EIB has supported long-term investment across India that has helped the country harness renewable energy, strengthened industry and reduced carbon emissions.
The NCR and the MMR together account for 77 per cent of 10 big housing projects stuck because of developers' bankruptcy or litigation.
Raising slogans of 'Inquilab Zindabad' and 'Kejriwal Zindabad', Aam Aadmi Party workers and leaders reached the area's metro station in groups, with the party calling for a march to Prime Minister Narendra Modi's residence on Lok Kalyan Marg for a 'gherao'.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
While customers in metro cities are still buying cars, quick growth is likely only from upcountry markets, where highways and roads are being built, and discretionary income and aspirations are rising.
A top Madhya Pradesh government official, however, said on Saturday that no such plan has been finalised.
Kathuria's wife Shima told PTI that her husband had no idea about the gate breaking apart due to his car, adding that his arrest has created a "state of panic" for the family.
Passengers claimed they were trapped inside the train for over an hour and did not receive any help from authorities even after calling the helpline repeatedly.
A depression has formed over the Bay of Bengal and it will cross the coast between Tamil Nadu and Andhra Pradesh by early November 19, the India meteorological department said on Thursday, as rains lashed Chennai and its neighbouring districts, with forecast of more spells.
