Vipin Kumar Appointed AAI Chairman
Vipin Kumar has been officially appointed as the chairman of the Airports Authority of India (AAI), assuming a pivotal role in overseeing the country's airport infrastructure and management. His appointment is part of a strategic move aimed at strengthening leadership within India’s aviation sector, especially as AAI works to meet increasing passenger demands and upgrade infrastructure across airports nationwide. Kumar brings a wealth of experience to the position, having served in various capacities within the aviation and infrastructure domains. His leadership is expected to play a key ro..
JSW Steel Cuts FY25 Capex Plan
JSW Steel has announced a substantial reduction in its capital expenditure (capex) plan for FY25, slashing it by up to Rs 4,000 crore as part of a strategic re-evaluation of ongoing and future projects. The steel giant decided to defer its Vijayanagar plant’s Blast Furnace 3 expansion, a major project originally slated to significantly boost its production capabilities. The move is largely driven by cost-control measures in response to changing economic and market conditions within the steel industry. The original capex plan, designed to fuel growth and meet the projected demand surge in Ind..
India’s Toll Collection Enters GNSS Era
India is moving towards a revolutionary transformation in toll collection technology by transitioning from the current FASTag system to a Global Navigation Satellite System (GNSS)-based tolling. This shift is set to enable seamless and efficient tolling on Indian highways, facilitated by satellite technology that will replace traditional toll plazas and automatic deduction systems currently used by FASTag. The National Highways Authority of India (NHAI) is spearheading the adoption of GNSS, which utilizes a satellite-based tracking system to determine the distance each vehicle travels on tolle..