Union Bank of India Sanctions Rs 1 Bn in MSME Loans in Nellore

Hyundai India to Launch Hybrid, Plans 26 Models by 2030

Hyundai Motor India Limited will introduce a hybrid vehicle as part of a larger plan to launch twenty-six models by 2030. The move aligns Hyundai with Toyota and Suzuki, who advocate hybrids to address India’s limited charging network and price-sensitive market.The refreshed portfolio will include six battery-electric vehicles, twenty internal combustion engine models, and one hybrid. These will span both mass and premium segments, including hybrid sport utility vehicles.According to Chief Operating Officer Tarun Garg, no single technology can meet all market needs. He called the hybrid segm..

Railway Board Approves Survey for 4th Terminal Near Bengaluru

The Railway Board has approved a Final Location Survey for a mega coaching terminal near Bengaluru airport. The proposed terminal, to be located near Devanahalli or along the Yelahanka–Devanahalli–Chikkaballapur route, is estimated to cost Rs 13.5 million.According to South Western Railway, the new terminal will decongest Bengaluru’s overburdened railway infrastructure and meet growing passenger demand. It will serve as the fourth terminal, offering operational flexibility and capacity to handle thirty-six rakes daily.The design includes twelve pit lines, five washing lines, twenty-four ..

GMR Takes Over Cargo Terminal Operations at IGI Airport

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi’s agreement by Delhi International Airport Limited, a GMR subsidiary.The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi’s concession and reassigned the responsibility to GMR, which already holds the required security clearance..