TRANSPORT MINISTRY
BEML shares in focus after licensing deal With DRDO to manufacture advanced combat support vehicles for Army
BEML shares are set to be in focus after the company signed three licensing agreements with DRDO’s VRDE to manufacture key support systems for the Indian Army’s Armoured Corps. The deal includes indigenous production of UMV, URV for the Arjun tank, and a 70-tonne tank trailer, aligning with the Aatmanirbhar Bharat vision for defence self-reliance.
Greta Thunberg: Net worth, philanthropy & lifestyle of 22-year-old climate activist at center of Gaza Flotilla row
Greta Thunberg, the renowned climate activist, joined the Gaza-bound humanitarian flotilla, Madleen, which was recently intercepted by Israeli forces. Thunberg and other members claimed they were "kidnapped" during the incident.
NHAI to come up with public InvIT to attract retail investors
The National Highways Authority of India (NHAI) plans to introduce a public infrastructure investment trust (InvIT) alongside its existing private InvIT to broaden the investor base and foster competition. NHAI has identified 24 road assets, totaling 1,472 km, for monetization in 2025-26, expecting annual revenue of ₹1,863 crore.
RITES shares in focus after MoU with Hindustan Copper to build critical mineral supply chain
RITES Ltd has signed an MoU with Hindustan Copper Ltd to jointly develop a sustainable and self-reliant supply chain for critical minerals. The partnership aims to boost mineral security by supporting exploration, extraction, and infrastructure development both in India and overseas.
India is a key strategic partner for Kazakhstan; DPM calls for increasing Indian FDI
Kazakhstan aims to triple bilateral trade with India, focusing on energy, digital cooperation, and infrastructure investment. Deputy Prime Minister Nurtleu highlighted a 41% increase in Indian investments, exceeding $525 million, and invited participation in key transport corridors. Kazakhstan is ready to supply strategic resources and boost tourism, offering a favorable investment climate and visa-free entry.
Deadly Russian bombardment of Ukraine further dampens hopes for peace
Russia launched a major aerial attack on Ukraine. The strikes hit several regions, causing casualties and damage. Kyiv emergency workers were among those killed. Ukraine claims to have shot down many missiles and drones. Russia says it targeted military sites. Meanwhile, Ukrainian drones also targeted Russian regions. Air defenses were activated in Moscow.
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Russia Ukraine war: After Vladimir Putin warning, Moscow launches over 400 drones, missile attacks in Kyiv, deep in Ukrainian cities
Russia Ukraine war intensified after Moscow went for fierce attacks in Kyiv and other parts of the war-torn country.
Vehicle registrations rise 5% in May, driven by demand for two-wheelers, three-wheelers & tractors
Vehicle registrations in India saw a 5% rise in May, reaching 2.21 million units. Two-wheeler, three-wheeler, and tractor sales drove this growth. However, passenger and commercial vehicle registrations experienced a decline. The increase is attributed to auspicious events and a strong harvest. Financing availability and geopolitical tensions remain concerns. Future monsoon and potential rate cuts may further boost demand.
Road ministry to monitor impact of projects under Bharatmala Pariyojana
The Road Transport Ministry will monitor the impact of highway projects. This includes economic, logistical, and social factors. Environmental effects and road safety are also key. The Bharatmala Pariyojana aims to improve connectivity. It also seeks to reduce travel time and logistics costs. Projects covering 26,425 km have been awarded. 18,714 km has been constructed so far.
Refiners Reliance and Nayara tap India's drivers as export markets tighten
India's private refiners, Reliance Industries and Nayara Energy, are shifting focus to domestic fuel sales due to squeezed global profit margins. They are capitalizing on India's growing fuel demand by offering discounts and expanding retail networks. This strategic shift allows them to leverage cheaper crude oil and compete effectively with state-owned refiners.
Need of 6,900 acre land, USD 9 bn investment by 2030 to set up EV infra: Report
Savills India reports that India's EV market growth, fueled by government policies and rising fuel costs, will require significant real estate investment. By 2030, an estimated USD 7.5 to 9 billion will be needed for land acquisition and facility development for EV manufacturing, battery production, and charging stations.
Retail inflation likely to ease to 6-year low of 3% in May on cooling food prices: UBI
India's retail inflation is expected to ease to 3.0 percent in May. This will be the lowest in six years. The Union Bank of India report indicates moderation in cereal and pulse prices. Core inflation remained stable. The Reserve Bank of India's manageable range is between 2-6 percent.
Projects worth Rs 35,000 crore underway under NHAI: Delhi CM
Delhi is undergoing a significant infrastructure overhaul, with ongoing NHAI projects valued at Rs 35,000 crore and completed projects worth Rs 64,000 crore. Chief Minister Rekha Gupta expressed gratitude to the Central Government for its support in these endeavors.
India needs massive investments for Net-Zero Goal by 2070; Private sector will be vital: Moody-ICRA
A joint report by Moody's and ICRA reveals India needs significant investment, around 2% of its real GDP, to achieve its 2070 net-zero emissions goal, particularly in the power sector. While renewable energy will dominate future capacity additions, coal reliance will persist in the short to medium term.
Russia Ukraine war: Sunday's drone attacks known as Operation Spider's Web shift modern-day strategy. Step-by-step explained
Russia Ukraine war has escalated into high-tech battle as Kyiv launched ambitious drone attacks.
Delhi High Court urges Centre for update on Covid-19 sample collection policies
The Delhi High Court has instructed the Centre to submit a status report regarding Covid-19 sample collection policies, centres, and transport protocols, emphasizing the continued presence of the virus in the community. This directive follows a contempt plea alleging non-compliance with a previous court order, prompting the formation of expert sub-committees to draft standard operating procedures.
Operation Spiderweb shows how small $400 drones deliver big blows to Russia's $7 billion fighter jets
On 1 June, Ukraine launched Operation Spiderweb, a daring drone offensive deep into Russian territory, disabling over 40 high-value military aircraft. Using cheap, first-person-view (FPV) drones smuggled into Russia and launched from hidden truck compartments, Kyiv inflicted billions in damages—at a fraction of the cost. The attack not only exposed critical gaps in Russia’s defences but also signalled a shift in global warfare. With each drone costing under $1,000, the future of expensive fighter jets like the F-35 may be in question.
India and Japan agree to deepen maritime relations
In a pivotal meeting, Union Minister Sarbananda Sonowal engaged with Japan's Vice Minister Terada Yoshimichi, focusing on enhancing maritime collaborations. Key topics included attracting Japanese investment in shipyards and advancing port digitization efforts. They also delved into green initiatives and potential R&D partnerships, as well as initiatives to upskill Indian seafarers for opportunities in Japan.
Russia Ukraine war: Smuggled trucks, over 100 drones, year long planning, here's how Russian nuclear-capable long-range bombers, airbases are destroyed
Russia Ukraine war has escalated further as Ukrainian President Volodymyr Zelenskyy-headed country carried out a surprising attacks deep in Russian territory.
Shree Cement partners with RITES to boost rail infrastructure
Shree Cement and RITES Ltd have signed a five-year agreement. The collaboration focuses on improving Shree Cement's rail network. RITES will offer complete solutions for upgrading and establishing rail connectivity. This partnership aims for efficient and sustainable transport of materials. The goal is to support Shree Cement's expansion and reduce environmental impact.
Mock drills: India to conduct ‘Operation Shield’ in these states; check all details
Mock drills: India is conducting Operation Shield, a large-scale mock drill across several northern and western states, to evaluate emergency preparedness for events like air strikes. The exercises will simulate real-world scenarios, testing air raid warning systems, evacuation plans, and coordination between agencies. These drills aim to address weaknesses identified in a previous exercise and strengthen the country's overall emergency response capabilities.
Transit Oriented Development in Meerut to unlock real estate on Namo Bharat corridor
Meerut is pioneering Transit Oriented Development (TOD) in India by integrating TOD zones into its 2031 Master Plan, focusing on urban development around transit projects like Namo Bharat and Meerut Metro. This initiative, encompassing 3,273 hectares, aims to unlock real estate opportunities, enhance financial sustainability through value capture financing, and foster vibrant communities.
Adani-run Mumbai airport spars with IndiGo, Air India over payment terms
The Adani Group’s Mumbai International Airport has changed its payment policy, requiring airlines to provide cash deposits instead of traditional bank guarantees to cover fees. The move has triggered opposition from major carriers IndiGo and Air India, documents reviewed by Reuters reveal.
Texmaco Rail shares in focus on 2 new order wins, total order book now at Rs 7,115 cr
Texmaco Rail & Engineering shares: The first is a ₹140.55 crore order from the Ministry of Railways for advanced multi-purpose wagons, and the second is an MoU with RVNL to promote sustainable freight via new-age wagon technology.
Ola Electric reports revenue decline and widening losses in March quarter
Ola Electric's March quarter saw a significant revenue drop and widened losses, impacted by registration process issues and declining market share. Despite a decrease in vehicle deliveries, gross margins inched up slightly. The company is delaying the integration of in-house battery cells to prioritize commercial operations and aims to improve cell production yields.
Texmaco bags Rs 140 crore order from railways
Texmaco Rail & Engineering Ltd has received a Rs 140.55 crore order from the railways to supply Flat Multi-Purpose (FMP) wagons. These versatile wagons are designed for transporting steel coils, containers, military vehicles, and facilitating Roll-on/Roll-off (RoRo) operations. This order boosts the company's total order book to Rs 7,115 crore, reflecting the government's commitment to modernizing freight operations.
Where are India’s electric tractors?
Studies show that e-tractors meet farming needs. Supportive policies and industry efforts can boost e-tractor use. Increased sales and boost
NHAI starts trial run of underpasses on Dwarka Expressway
To ease traffic between Delhi and Gurugram, NHAI has started testing the Dwarka Expressway tunnel. This trial run will happen for three hours daily. The goal is to check traffic flow and safety. The tunnel has CCTV and emergency exits. It aims to connect the expressway to Indira Gandhi International Airport.
Auckland’s Northern Gateway toll road to increase speed limit to 110km/h
Starting Monday, May 26th, the speed limit on a 5.5-kilometer section of State Highway 1 north of Auckland will increase to 110km/h. Transport Minister Chris Bishop announced the change for the Northern Gateway Toll Road, citing economic growth and productivity benefits. The decision follows a public consultation where 93% of submissions supported the increase, with additional safety improvements planned.
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