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File photo (Picture credit: ANI) Union minister Ashwini Vaishnaw announced on Wednesday that the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved two key railway multitracking projects worth around Rs 2,781 crore. The decision will add nearly 224 kilometres to the existing Indian Railways network across four districts in Maharashtra…
India is pushing to clear a large backlog of delayed national highway projects by the end of March, aiming to cut cost overruns and revive construction momentum after a sharp fall in project awards this fiscal.According to an ET report, the road, transport and highways ministry began the year with 152 stalled projects worth Rs…
Russia has moved to expand its maritime ties with India, putting forward fresh proposals in shipbuilding as the two countries look to expand cooperation across the Indo-Pacific and the wider Indian Ocean Region. The new push came during consultations in New Delhi on Monday between Nikolai Patrushev, a close aide of Russian President Vladimir Putin…
MUMBAI: SBI chairman C S Setty has called for a ‘national financial grid’ that connects credit bureaus, registries, eKYC facilities, UPI and the account-aggregator system, arguing that such an integrated backbone is essential to support India’s next phase of financial growth.Setty said India’s credit-to-GDP ratio, which stands at about 55%, could rise to 64% by…
Microsoft on Tuesday announced a sweeping cloud infrastructure partnership with artificial intelligence firm Anthropic and chipmaker Nvidia, marking a significant realignment in the technology giant’s AI alliances as it moves further away from exclusive dependence on OpenAI, AP reported.Anthropic, the developer of rival chatbot Claude, said it will commit to purchasing $30 billion worth of…
State Bank of India, the country’s largest lender, said it aims to complete the modernization of its core banking infrastructure within two years. Speaking at the Singapore FinTech Festival 2025, Ashwini Kumar Tewari, managing director (corporate banking & subsidiaries), said the bank is transforming its legacy systems through what he called a “four-axis strategy” of…
The central government is set to overhaul the PM Gati Shakti governance structure by winding up the existing Network Planning Group (NPG) and replacing it with a new, centralised institution to coordinate India’s transport infrastructure strategy.The proposed body, tentatively named the GatiShakti Transport Planning and Research Organisation (GTPRO), will operate under the Cabinet Secretariat and…
Uttarakhand marked its Silver Jubilee on Sunday as Prime Minister Narendra Modi visited Dehradun to inaugurate multiple development projects and engage with local residents.Governor Lieutenant General (Retd.) Gurmit Singh and Chief Minister Pushkar Singh Dhami attended the programme, where PM Modi interacted with stakeholders and addressed the gathering.He said, “This day of November 9th is…
PATNA: The NDA on Friday made a welfare and aspirational pitch in the Bihar assembly elections, countering RJD’s govt job campaign with the promise of creating over one crore employment opportunities, including in govt, based on an elaborate skill census.It also sought to consolidate crucial support bases, such as extremely backward class (EBC) voters, with…
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
