Hindujas to invest Rs 100 bn to raise stake in IndusInd Bank

Alstom Secures €2 Billion Contract for New York Railcar Supply

French train manufacturer Alstom SA has secured a €2 billion (Rs 20.7 billion) contract from New York’s Metropolitan Transportation Authority (MTA) as part of the authority’s ongoing fleet modernisation efforts.Alstom will supply M-9A railcars for the Long Island Rail Road and Metro-North Railroad, according to a statement released by the company on Friday.Following the announcement, Alstom shares rose by as much as 1.4 per cent during early trading in Paris, valuing the company at approximately €8.9 billion. However, the stock remains down 11 per cent for the year.The MTA approved the..

Zaroli Mountain Tunnel Nears Completion on Mumbai-Ahmedabad Bullet Train

The Zaroli mountain tunnel, a crucial part of the Mumbai–Ahmedabad High-Speed Rail (MAHSR) corridor, is nearing completion, the National High Speed Rail Corporation Limited (NHSRCL) announced. NHSRCL is the implementing agency for the 508-kilometre bullet train project connecting Mumbai and Ahmedabad.Located about one kilometre from Zaroli village in Umbergaon taluka of Gujarat’s Valsad district, this tunnel is the first and only mountain tunnel constructed in Gujarat as part of the MAHSR project. Measuring 350 metres in length, it features a single horseshoe-shaped tube with a cross-secti..

52 Border Villages in Uttarakhand To Get Round-the-Clock Power

Fifty-two border villages in Uttarakhand will soon be connected to the national power grid, ensuring round-the-clock electricity supply and reducing their reliance on solar power, an official from the Uttarakhand Power Corporation Limited (UPCL) said on Wednesday.The project includes 20 villages in Darma Valley, 18 in Vyas Valley, and 14 in Johar Valley, all located along the India-China border. For years, these communities have depended primarily on solar panels or electricity generated through micro-projects managed by the Uttarakhand Renewable Electricity Development Agency.Narendra Singh T..