Vizhinjam Seaport Gets Customs Approval, Says Kerala Minister

L&T Tech Launches GenAI Framework For Product Development

L&T Technology Services (LTTS) has announced the launch of PLxAI, its proprietary Generative AI-based framework designed to accelerate the Product Development Life Cycle (PDLC) for global clients across the Mobility, Sustainability and Technology sectors.Developed by experienced PDLC subject matter experts, PLxAI integrates Generative AI with conventional AI, providing a comprehensive platform to build scalable and reusable solutions throughout the product development process – from concept design to aftermarket services support.The framework leverages existing organisational and tribal ..

Cabinet Clears Rs 15.07 Bn Greenfield Airport Project in Kota-Bundi

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal for the development of a Greenfield Airport at Kota-Bundi, Rajasthan, at an estimated cost of Rs 15.07 billion.Kota, located on the banks of the Chambal River, is widely recognised as the industrial capital of Rajasthan and a prominent educational coaching hub. To support the region’s growing needs, the Government of Rajasthan has handed over 440.06 hectares of land to AAI for the project.The new Greenfield Airport will be designed to handle oper..

Govt may extend MSME NPA classification period to 180 days

The Union government is considering a proposal to extend the non-performing asset (NPA) classification period for loans to micro, small and medium enterprises (MSMEs) from the existing 90 days to 180 days, according to a senior government official who requested anonymity.“The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon,” the official said.The move is expected to provide relief to cash-strapped MSMEs, especially against the backdrop of steep US tariffs, giving them more time to regularise their loan repayments.Ne..