ANAND VIHAR MULTIMODAL HUB
Who is Anita Anand, Canada’s new Foreign Minister in Mark Carney's Cabinet overhaul?
Canada’s newly elected Prime Minister Mark Carney has appointed Anita Anand as the new Foreign Minister in a sweeping Cabinet reshuffle. Anand, an Oxford-educated MP of Indian origin, replaces Mélanie Joly and brings extensive ministerial experience to the foreign office. The move signals a recalibration of Canada’s diplomatic priorities amid tensions with the United States. Anand’s promotion underscores her growing influence within the Liberal Party, following senior roles in defence, procurement, and transport.
GAIL gets five bids for US LNG project stake
GAIL (India) has received five proposals from US companies for equity stakes in their LNG projects, each tied to long-term LNG supply contracts. This initiative aims to secure 1 million tonnes per annum of LNG for 15 years, with potential extensions, targeting shipments starting in 2029-30.
US tariff pause on Beijing puts pressure on 'China-plus-one' countries
A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their "China-plus-one" advantage. While the pause offers China a reprieve, uncertainty persists, potentially delaying multinational corporations' investment decisions.
Samsung launches slimmest smartphone as races against rival Apple
Analysts said the launch was strategically timed to pre-empt Apple, which is expected to launch a thinner iPhone in the second half of this year. The S25 Edge will go on sale in South Korea on May 23 and in the United States on May 30, Samsung said, adding it will roll it out to about 30 countries, including China and in Europe.
Ahead of thinnest iPhone launch, Samsung unveils its slimmest flagship yet: AI-powered S25 Edge — Check price and specs
Samsung Electronics unveiled its slimmest flagship model, the S25 Edge. The model includes enhanced AI. It aims to outpace Apple in the premium market. The launch targets younger consumers seeking portable smartphones. Structural changes reduced the phone's thickness. The S25 Edge will be available in South Korea and the United States soon.
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Saudi Arabia launches company to develop artificial intelligence under PIF
Saudi Crown Prince launched "Humain" under PIF to advance AI technologies, offering data centers, cloud services, and Arabic large language models, aligning with Saudi Arabia's goal to become a global hub for data and artificial intelligence.
Telangana number one in attracting investments, managing inflation: Revanth Reddy
Telangana Chief Minister Revanth Reddy announced the state leads India in investments, inflation control, and law and order. Since December 2023, Telangana has attracted nearly Rs three lakh crore in investments and created over one lakh private sector jobs. The government plans to fund young entrepreneurs and build 'Future City'.
Delhi govt aims to complete Barapullah phase-3 project by year end: PWD minister
Delhi government aims to complete the Barapullah phase-3 flyover project by December, according to PWD Minister Parvesh Verma. The project, designed to connect Mayur Vihar-I and AIIMS, is 98% complete but faces delays due to pending forest department approvals for tree relocation.
NRI Talk: Tax-free gains? How NRIs in UAE, Singapore & Mauritius legally avoid MF taxes
NRIs are increasingly aligning investments with India’s growth, drawn by economic resilience, reforms, and emotional ties. Tax-friendly hubs like Dubai and Singapore amplify returns, while new tools like GIFT City and fractional real estate expand options.
Google Cloud to continue ramping up AI push in India
India, being one of the fastest-growing markets for the company, Google India will unveil all layers of its AI stack here and deepen its engagement with the government, said Bikram Singh Bedi, vice president and country MD at Google Cloud India.
UP, Gujarat rush to take part(s) in electronics race
Gujarat is emerging as a hub for electronics and semiconductors with chip manufacturing and assembly plants by the likes of Micron, CG Power and Tata Electronics in various phases of development in locations such as Dholera and Sanand. Uttar Pradesh is also chalking out a plan to capitalise on the advantage that it has in the space with Noida being an important upcoming hub for electronics manufacturing.
India on high alert: What’s shut, who’s on leave, and state-wise emergency measures as tensions rise with Pakistan
As tensions between India and Pakistan escalate, Delhi and several border states have launched sweeping emergency measures. Authorities have closed schools, cancelled government leave, heightened surveillance, and regulated public access in high-footfall areas. These actions follow Pakistan’s attempted drone and missile attacks, which were intercepted by Indian defences.
Transport dept identifies 50,000 sq ft advertisement space for DTC's revenue generation
To bolster the Delhi Transport Corporation's revenue, the Transport Department has identified 50,000 sq ft of advertising space across Delhi, including bus shelters and depots. Facing significant financial liabilities, the DTC is exploring commercializing depot spaces and converting old buses into shops. A proposal to allow advertisements on bus exteriors, previously rejected for safety concerns, is under review.
AWS expanding AI offerings, developing dedicated industry solutions
Amazon Web Services (AWS) is expanding its AI and cloud offerings, including Amazon Bedrock and Nova models, to support generative and agentic AI adoption. It emphasises upskilling, having trained 5.9 million Indians, and plans to invest $16.4 billion in India by 2030 to drive digital transformation.
HCLTech partners with Taylor Wimpey for digital transformation
HCLTech signed a multi-year deal with UK’s Taylor Wimpey to modernize its IT systems using AI, GenAI, and cybersecurity tools. It will also establish an innovation lab. Separately, T-Hub and BNVI extended their Indo-Japan deep-tech collaboration partnership till November 2027.
Nifty muscle memory check: India-Pakistan conflicts have meant 5% dip. Will this time be different?
Despite recent military actions between India and Pakistan, the Indian stock market has shown resilience, mirroring historical trends where geopolitical tensions lead to only temporary dips. Operation Sindoor, India's recent strike, barely affected the market, which quickly recovered, buoyed by strong financial inflows and robust macroeconomic fundamentals.
Missiles fly, markets diverge: Why Operation Sindoor turned Karachi stock market red and Sensex green
Following India's strike on terror hubs, Pakistani markets plunged, reflecting economic vulnerabilities. Conversely, Indian markets initially dipped but quickly recovered, buoyed by strong investor confidence and robust economic prospects. The divergence highlights differing perceptions of risk and resilience between the two economies, with India seen as a stable haven and Pakistan grappling with economic challenges.
Hebbal Land Row: Mazumdar-Shaw, Mohandas Pai, Surya urge Karnataka govt to prioritise metro over tunnel project
Biocon founder Kiran Mazumdar-Shaw, investor Mohandas Pai, and BJP leaders including MP Tejasvi Surya and MLA S Suresh Kumar have urged the Karnataka government to allocate the full 45-acre Hebbal land parcel to BMRCL for a proposed metro and multi-modal transport hub.
Eleannt Enterprises acquires plot in Vasant Vihar for Rs 95 crore
Eleannt Enterprises acquired a 1,280-square yard plot in Vasant Vihar for Rs 95 crore, marking a significant real estate deal in South Delhi. This transaction highlights the limited availability and high demand for land in the area, where builders seek plots for constructing multi-story buildings.
Rilox EV partners with Hala Mobility to deploy 20,000 electric two-wheelers
Rilox EV and Hala Mobility have partnered to deploy 20,000 electric two-wheelers for gig workers, urban commuters, and fleet operators. The deployment will begin with low-speed models and expand to high-speed variants, with 400 vehicles rolled out monthly. This collaboration aims to address India's urban mobility needs with cost-efficient and scalable EV solutions.
14 killed in Gujarat as storms hit; IMD warns of more bad weather in coming days
Gujarat faced severe weather. Thunderstorms, strong winds, and dust storms hit the state. Sadly, fourteen people died due to these events. Trees fell, hoardings collapsed, and houses were damaged. Some people died from electrocution and lightning. The India Meteorological Department forecasts more bad weather. People are advised to stay indoors. Temperatures are expected to fall further.
Karnataka Dy CM DK Shivakumar's meeting to decide on fate of metro request for Hebbal land
Deputy CM DK Shivakumar will conduct a meeting regarding Bangalore Metro's land request. The meeting will address the pending 45-acre land request near Hebbal. This land is crucial for a multi-modal transport hub and metro tri-junction. Several officials will attend the meeting. The discussion will also involve BBMP's tunnel-road project. Real estate interest in the land is also a factor.
Early jitters: May rains shed light on Delhi's poor preparedness for monsoon
Heavy rainfall in Delhi exposed the city's inadequate monsoon preparedness, causing widespread waterlogging and traffic disruptions. Key areas like Dhaula Kuan and Minto Bridge were severely affected, overwhelming drainage systems. While officials claim swift action, citizens voiced frustration over persistent issues, leading to a political blame game regarding infrastructure maintenance and responsiveness.
Vizhinjam seaport set to be commissioned by PM Modi
Prime Minister Narendra Modi commissions the Vizhinjam International Seaport, positioning Kerala as a key player in global maritime trade. Developed by Adani Ports under a public-private partnership, the port aims to reduce India's reliance on foreign transshipment hubs like Colombo. Vizhinjam, India's first dedicated transshipment port, boasts advanced technology and strategic location, attracting major shipping routes and significant investment.
Ghaziabad Development Authority to acquire land for new township for Rs 2,500 crore
Ghaziabad Development Authority plans a Rs 2,500 crore investment to acquire 521 hectares for a new township, aiming to boost real estate development following the Delhi-Meerut RRTS launch. This initiative seeks to replicate Indirapuram's success, offering buyers affordable property options. The operational RRTS corridor is expected to transform the real estate landscape, with potential investment hubs emerging along the route.
Karnataka’s industries minister calls for efforts to cut steel logistics costs
Karnataka's industries minister advocates for reducing steel logistics costs to 8% of GDP, emphasizing the state's crucial role in India's metallurgical economy. He urges Union Government support for infrastructure development, including seaports, industrial clusters, and transport networks. Karnataka is committed to building a digitally empowered, multimodal, and sustainable logistics ecosystem for the steel sector.
Delhi to convert old buses into shops at ISBT terminals at Kashmere Gate, Anand Vihar and Sarai Kale Khan
The Delhi government plans to convert old DTC buses into shops at major ISBTs like Kashmere Gate, Anand Vihar, and Sarai Kale Khan via a PPP model. This initiative aims to boost local businesses and provide convenient retail options, especially food and drinks, for travelers. Redevelopment plans for these terminals include modern amenities and mixed-use spaces.
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