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Adani Group Plans Massive Capex Increase to Rs 1.3 Tn in FY25
The Adani Group, led by billionaire Gautam Adani, is set to nearly double its capital expenditure (capex) in the fiscal year 2025. The group plans to increase its capex from Rs 700 billion in FY24 to a staggering Rs 1.3 trillion. This substantial boost aims to support the conglomerate's ambitious growth plans across various sectors including energy, infrastructure, and logistics. This decision comes amidst a period of robust performance for the Adani Group, with its EBITDA for 2023 rising by 34% to Rs 790 billion. The group's portfolio spans a diverse range of industries from renewable energy ..
NHAI Partners with IIIT Delhi for Road Safety AI Initiative
The National Highways Authority of India (NHAI) has embarked on a collaborative effort with the Indraprastha Institute of Information Technology (IIIT) Delhi to harness artificial intelligence (AI) technology for enhancing road safety. This partnership seeks to leverage cutting-edge AI algorithms and data analytics to mitigate accidents and enhance the efficiency of India's road infrastructure. Through this initiative, NHAI aims to deploy AI-powered solutions for real-time monitoring and analysis of road conditions, traffic patterns, and driver behaviour. By leveraging advanced AI algorithms, ..
Railway Minister Reviews Passenger Amenities and Safety
Railway Minister Ashwini Vaishnaw recently convened a high-level meeting with senior railway officials to evaluate and improve passenger amenities and safety features. The session focused on identifying areas for enhancement and implementing measures to elevate the overall travel experience for passengers. During the review, the Railway Minister emphasised the importance of providing top-notch amenities to passengers, including clean and well-maintained stations, modernised waiting areas, and improved onboard facilities. Vaishnaw highlighted the need for efficient services, punctuality, and be..
