Microfinance Firm VFS Capital Reapplies for Small Finance Bank License

WABAG Wins Rs 233 Billion Saudi Desalination Project

Water treatment specialist VA Tech WABAG Ltd has received a Letter of Award for constructing a seawater desalination plant in Saudi Arabia, valued at USD 272 million (approximately Rs 23.32 billion), a company official confirmed on Thursday.The Chennai-based firm has secured the contract for a 300 MLD (million litres per day) mega desalination plant to be established by the Saudi Water Authority in Yanbu, on the west coast of the Kingdom of Saudi Arabia.In a press release, Rohan Mittal, Head of Strategy and Business Growth for the Gulf Cooperation Council at WABAG, stated, "We are immensely pr..

Rs 18 Billion River Link Plan to Tackle Water Woes

The state government has unveiled an ambitious intra-state river linking programme to address persistent challenges in water management, such as flooding, water scarcity, and agricultural demand.Scheduled for phased implementation from 2025–26 to 2029–30, the initiative carries an estimated cost of Rs 18 billion. Led by the Department of Water Resources, the project aims to improve irrigation, mitigate flood risks, and ensure reliable access to drinking water across the state.According to sources, six key projects are planned to connect water-surplus river basins with deficit regions. Thes..

Driverless Metro Line Set to Launch in Bengaluru by August

Metro operations between RV Road and Bommasandra on Bengaluru’s Yellow Line are expected to commence in August, with safety inspections currently underway. The Commissioner of Metro Railway Safety (CMRS) began a comprehensive inspection on Tuesday, which included a motor trolley examination of the tracks.This 18.8-kilometre stretch, which connects South Bengaluru to the Electronic City IT hub, marks India’s first deployment of CBTC (Communication-Based Train Control) driverless train technology on the Namma Metro network. Due to the advanced system, there is heightened scrutiny of speed re..