Indian airlines urged to expedite baggage deliver

FASTag Annual Pass May Cut Toll Operators’ Revenue by 4–8%

The recent announcement of FASTag annual pass of Rs 3,000 will benefit frequently travelling private commuters but impact the toll collections of private toll operators. The deficit may need to be compensated under the concession agreement, and hence timely finalisation and implementation of the compensation framework will be crucial. In the interim, credit risk profiles of Crisil Ratings-rated toll operators are expected to hold steady, aided by adequate cash flow cover.A Crisil Ratings assessment of 40 operational toll road projects indicates as much.The annual pass will be applicable from A..

Reliance Defence Gets Rs 6 Bn Export Order from Germany’s Rheinmetall

Reliance Infrastructure promoted, Reliance Defence (Reliance Defence), announced securing of a significant export order worth Rs 6 billion from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer.Reliance Defence’s export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall. The order represents a key milestone in Reliance Defence’s strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with ..

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..