Sobha reports net profit of Rs 12.05 crore in Q1 FY24

Kaladan Project To Cut Aizawl-Kolkata Distance by 700 Km

Union Minister Sarbananda Sonowal announced on Monday, 7 July 2025, that the Kaladan Multimodal Transit Transport Project connecting India and Myanmar will be fully operational by 2027. The strategic project will shorten the travel distance between Aizawl and Kolkata by 700 km, significantly improving connectivity in the Northeast.Speaking at a press conference in Guwahati, Mr Sonowal said the Sittwe Port in Myanmar is complete, with road connectivity to Aizawl currently under development. The Ministry of Ports, Shipping and Waterways is investing Rs 10 billion in developing the waterways comp..

PLI Auto Scheme Creates Jobs, Rs 29.6B Spent So Far

The central government has spent Rs 29.6 billion (approx. USD 355 million) under the Production Linked Incentive (PLI) scheme for the automotive sector as of March 2025, generating over 44,987 job opportunities across the auto value chain, according to the Ministry of Heavy Industries (MHI).This spending accounts for 70 per cent of the Rs 42.5 billion (approx. USD 510 million) total investment outlay projected for the five-year scheme. Of this, Rs 322 million in incentives has been disbursed till 31 March, against a projection of Rs 336 million. The budget estimate for FY26 was sharply cut fro..

Navi Mumbai Airport To Start With 12-Hour Operations

Navi Mumbai International Airport will begin with 12-hour daily operations from 8 am to 8 pm during its first two months of service, allowing officials to test the stability of all systems and processes, according to sources familiar with the plan.The airport is set to be inaugurated on 30 September, as per the deadline laid down by Maharashtra Chief Minister Devendra Fadnavis. Initially, it will handle only domestic flights, with 24-hour operations expected to begin with the winter schedule in October.So far, IndiGo and Akasa Air have confirmed plans to launch services from the new airport, w..