The Delhi government has inked an agreement with Switch Mobility for 950 low-floor electric buses.
Delhi Transport Minister Kailash Gahlot told PTI that the 12-metre buses would start arriving within four to six months.
These e-buses will be equipped with CCTV cameras, panic buttons and GPS devices, Gahlot said, adding that Delhi has the highest number of electric buses in the country.
In a post on X, Delhi Transport Commissioner Ashish Kundra said, "Delhi Government  signs an agreement with @SwitchMobility for 950 low-floor 12-meter electric buses under National bus programme."
Switch Mobility is the electric vehicle division of Hinduja Group's flagship company Ashok Leyland.

e-bus, Electric bus

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while one can adopt a 'sell on rise' strategy for the PSU Banks index.

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

Increased spending on back of improved finances, says Deloitte study

festival season

Here is the best of Business Standard's opinion pieces for today

MSMEs

Industry estimates indicate that the MSME sector has an overall credit demand of Rs 69.3 trn, growing at a CAGR of 11.5%

Indian firms, firm funding, company loans

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

bear market, sensex, nifty, loss, growth, investment

Tensions have been high since Canadian PM Trudeau on Monday alleged that the Indian government was behind the fatal shooting of Hardeep Singh Nijjar

visa, Canada

Catch all the latest updates from across the globe here

Manipur

No injury or loss of life was reported in the incident, Srinagar Police informed further, adding that the terrorist fled the spot after opening fire at the CRPF vehicle

Gun shooting, mass shooting

Delhi government has targeted to raise the number of registered construction workers in the city to 15 lakh this year and increase spending on various welfare schemes for them by 20 times, officials said on Monday.
The move comes in the wake of Chief Minister Arvind Kejriwal earlier this year expressing dissatisfaction over less number of registration of workers and emphasising to increase it further.
As per official data, the number of registered workers was 13 lakh by end of 2022-23.
The Delhi government will also raise spending on welfare schemes meant for construction workers to Rs 246 crore this year, up from 12.66 crore last year, officials said.
Last year over 4,500 applications were received from registered construction workers for various welfare schemes run by Delhi Building and Other Construction Workers Welfare Board.
Out of which, just over 2,000 were processed for benefits of different schemes with an expenditure of Rs 12.66 crore, a labour department officer said.


Highway labourer at par with construction worker after new wage norms

Nijjar, who was wanted in India, was gunned down outside a gurdwara, in a parking area in Canada's Surrey, BC on June 18

Justin Trudeau

Secretary of State Antony Blinken met Monday with China's vice president on the sidelines of the UN General Assembly as the Biden administration and Beijing step up high-level contacts ahead of what could be a leader-level summit this fall.
Blinken and Vice President Han Zheng held talks Monday at the Chinese mission to the United Nations. Their discussion came as China's Foreign Minister Wang Yi was in Moscow meeting Russian Foreign Minister Sergey Lavrov after wrapping up two days of talks with US national security adviser Jake Sullivan in Malta.
The quick succession of US-China contacts is fueling speculation that President Joe Biden may meet his Chinese counterpart Xi Jinping in November at an Asia-Pacific Economic conference in San Francisco.
"I think it's a good thing that we have this opportunity to build on the recent high-level engagements that our countries have had to make sure that we're maintaining open communications and demonstrate that we are responsibly managing the

Blinken, Antony Blinken

Iran's president on Monday denied his country had sent drones to Russia for use in the war in Ukraine, even as the United States accuses Iran of not only providing the weapons but helping Russia build a plant to manufacture them.
"We are against the war in Ukraine," President Ebrahim Raisi said as he met with media executives on the sidelines of the world's premier global conference, the high-level leaders' meeting at the UN General Assembly.
The Iranian leader spoke just hours after five Americans who had been held in Iranian custody arrived in Qatar, freed in a deal that saw President Joe Biden agree to unlock nearly USD 6 billion in frozen Iranian assets.
Known as a hard-liner, Raisi seemingly sought to strike a diplomatic tone. He reiterated offers to mediate the Russia-Ukraine war despite being one of the Kremlin's strongest backers. And he suggested that the just-concluded deal with the United States that led to the prisoner exchange and assets release could "help build trust"

Iran’s flag at the IAEA headquarters. Iran is now enriching small amounts of uranium to its closest-ever levels to weapons-grade purity as its stockpile continues to grow

Iran Flag

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Canada identifies expelled Indian diplomat as RAW station chief in Ottawa, sources say Canadian diplomat expelled from Delhi is intelligence officer

Prime Minister Narendra Modi with Canadian Prime Minister Justin Trudeau

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Heatmap

No More Content

Latest News

In this Section

All

Delhi govt inks pact with Switch Mobility for 950 low-floor e-buses

Nifty FMCG, PSU Banks inidices: Near-term trading strategies

Indian consumers to spend more on luxury this festival season: Study

Best of BS Opinion: Unlocking MSME potential, digital forensics & more

TruCap, HDFC Bank form co-lending tie-up for underserved MSME borrowers

Most Popular

Read

Shared

Commented

Here's why Adani's grip on banks is tighter than his hold on markets

Adani Group bags Rs 13,888 cr worth contracts for smart meter installation

Sensex down 571 pts, Nifty below 19,750 on hawkish Fed, Indo-Canada tension

India suspends visa services for Canadians indefinitely as tension rise

LIVE updates: Curfew reimposed in Manipur's Imphal valley, say officials