CMDA authority approves new railway station in Kilambakkam
Railway Minister Announces Integrated Track Monitoring System
Union Railway Minister Ashwini Vaishnaw has unveiled the plan to implement the Integrated Track Monitoring System (ITMS) across all railway zones, a step aimed at modernising India's railway infrastructure, as per an official statement. The initiative is designed to enhance the safety and efficiency of India's vast railway network by using cutting-edge technology to improve track inspections and maintenance processes. At a New Delhi Station event, the Minister underscored the importance of modernizing technology to enhance the working conditions for trackmen, the key personnel responsible for ..
Govt Plans to Develop Townships for MIG, HIG People
The state government has decided to establish separate townships with high-quality infrastructure aimed at providing relief to middle-income group (MIG) and high-income group (HIG) residents in urban areas. Urban development authorities have been instructed to identify suitable land and prepare layouts for these townships across the state. Joint collectors have also been tasked with studying housing construction models in other states to develop a blueprint for these projects. The first phase will see housing projects initiated by the urban development authorities of Kurnool, Ananthapuram-Hind..
Aelios Launches $2.53 Billion Bid for Full Ownership of Suntec REIT
Aelios, a Singaporean company owned by billionaire Gordon Tang, has made an offer to purchase the remaining shares it does not own in Suntec Real Estate Investment Trust (REIT), valuing the REIT at S$3.39 billion ($2.53 billion). Under the offer, Aelios will acquire Suntec REIT shares at a price of S$1.16 per share in cash. Based on Reuters' estimates, Aelios would need to invest $1.74 billion to purchase all outstanding shares of the REIT. This move follows Aelios' acquisition of over 62 million shares, or 2.14%, in Suntec REIT on Thursday, raising its stake from 29.31% to 31.45%, which trigg..