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Delhi-Bhubaneswar in less than 6 hours? Govt likely to introduce THIS superfast train, it's not Vande Bharat, Rajdhani, name is..., top speed to be...

Delhi-Bhubaneswar in less than 6 hours? Govt likely to introduce THIS superfast train, it's not Vande Bharat, Rajdhani, name is..., top speed to be...

India.com2 days ago

Indian Railways News: The Narendra Modi government, in the last 10 years, has introduced a slew of measures that have transformed the face of Indian Railways. From introducing trains like Vande Bharat to 100 percent electrification of the railway tracks, the sector has witnessed many changes that have made the traveling experience of passengers convenient and comfortable. In addition to this, the government is also set to launch superfast bullet trains.
According to the reports, the first Shinkansen bullet trains now undergoing trials in Japan for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, a future of rapid rail travel seems more tangible than ever. Although Odisha isn't included in the initial corridor, the impact of this major development could soon pave the way for cities like Bhubaneswar, Cuttack, and Puri to feature on India's high-speed rail map. India's First Bullet Train:
In a major development, India's first bullet, which is part of the India-Japan collaboration under the MAHSR project, mark a historic first for Indian Railways. According to the reports, the trial runs of two Shinkansen train sets, one each from Japan's E5 and E3 series, are underway in Japan to test their performance under various climate and terrain conditions.
These trains are capable of speeds up to 320 km/h and are expected to arrive in India by early 2026 for further testing on Indian soil. High-Speed Future of Odisha:
Though the current project is confined to western India, its success is likely to fast-track the nationwide rollout of bullet train corridors. If Odisha is incorporated in the upcoming phases, the impact could be transformative. Here are some of the key details: The travel time between Bhubaneswar and New Delhi could be reduced to under six hours.
Currently, the travel time between Bhubaneswar to Delhi is 27-30 hours
The journey to Visakhapatnam likely to come down from nearly seven hours to less than five.
A high-speed rail link to Kolkata could bring down the travel duration to around two hours and forty-five minutes.
Bhubaneswar to Bengaluru, which currently takes over 24 hours, could become a manageable five-and-a-half-hour ride.
Reaching Hyderabad may take just over four hours, and Chennai around four and a half.

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In meetings with world leaders, all-party delegations convey India's policy of zero-tolerance towards terrorism
In meetings with world leaders, all-party delegations convey India's policy of zero-tolerance towards terrorism

The Print

time25 minutes ago

  • The Print

In meetings with world leaders, all-party delegations convey India's policy of zero-tolerance towards terrorism

'We can talk to them in Hindustani. We can talk to them in Punjabi. We can talk to them in English. There is no problem in finding common ground with Pakistan. The problem is finding a common vision for decency, for peace. We want to be left in peace, to grow and develop. They don't want to leave us alone. They want to harass us,' he said. 'You (Pakistan) crack down on this infrastructure of terrorism that is visible everywhere in your country. Then, of course, we can talk,' Congress MP Shashi Tharoor, who is leading an all-party delegation to Brazil, said while talking to PTI Videos. Brasilia/Brussels/Cairo, Jun 3 (PTI) All-party parliamentary delegations on Tuesday effectively communicated India's firm message of zero tolerance towards terrorism to several countries, stressing that New Delhi can talk to Islamabad if it takes significant action against the terror infrastructure that is visible everywhere in the country. 'They want to cut us this whole bleeding to death India by 1,000 cuts. They're not going to bleed to death so easily. Better forget that idea,' he added. Asked whether nations have been recognising India's stance against terrorism, Tharoor said his delegation has been to four nations — Guyana, Panama, Colombia and Brazil- so far and 'this has been very clear in all the countries we've been to'. 'I would say in all four countries, we've had a very, clear success, if that's the word, I don't like to boast of success. That's for others to judge. But we have got our message through very clearly, including to those who may have had some misunderstandings,' he said, referring to Colombia. Earlier, Tharoor said Colombia withdrew a statement offering condolences to Pakistan for the loss of lives following Indian strikes in response to the Pahalgam attack after his delegation explained Islamabad's relentless support to cross-border terrorism. The delegation held a highly productive meeting with Senator Nelsinho Trad, President of the India-Brazil Friendship Front and President of the Senate Foreign Affairs Committee. It also called on Amb Celso Amorim, Head Adviser of the Special Advisory to the President of Brazil, and discussed India's position of zero tolerance to terrorism. In London, the delegation led by BJP MP Ravi Shankar Prasad concluded its high-level engagements, meeting with UK government ministers, parliamentarians, party leaders, think tanks, and India friendship groups. The delegation received wide-ranging support, reaffirming shared commitments to global security, justice, and strategic partnership, the High Commission of India in London said in a release. The delegation met Lord Dominic Johnson of Lainston CBE, Co-Chair of the Conservative Party, and Koolesh Shah, Co-Chair of the Conservative Friends of India. 'They voiced strong support for India's fight against terrorism, acknowledged its global implications, and lauded the Indian diaspora's contribution to the UK,' it said. The delegation also met Labour Party India Friendship Groups-including Labour Friends of India, Labour Convention of Indian Organisations, Sikhs for Labour, and Hindus for Labour. The groups expressed unified support for India's anti-terrorism efforts, emphasising the need to dismantle terror infrastructure and curb terror financing. From London, the delegation will travel to Brussels where it will have interactions at the European Union level and with Belgian authorities. In Cairo, Egyptian Foreign Minister Badr Abdelatty Tuesday reiterated his country's solidarity with India in its fight against terrorism and welcomed deeper bilateral cooperation on counter-terrorism during a meeting with the all-party Indian delegation led by NCP (SP) MP Supriya Sule. The delegation, which is here on the last leg of its four-nation trip, also met Arab League Secretary-General Ahmed Aboul Gheit and discussed India's wide-ranging political, economic and cultural engagement with the 22-member bloc. 'Countering terrorism is a priority to both @arableague_gs and India. The delegation underscored India's unified stance and collective determination to combat terrorism,' the Embassy of India in Egypt said in a post on X. Another all-party delegation, led by DMK MP Kanimozhi Karunanidhi, concluded its three-day visit to Spain, where it held a series of meetings with officials and civil society representatives to highlight India's 'zero-tolerance' stance against terrorism. 'The delegation concluded its visit having effectively communicated India's strategic approach and firm message of zero tolerance towards terrorism to Spanish government leaders, lawmakers, civil society and the Indian diaspora, strengthening bilateral ties and mutual understanding,' the Embassy of India in Madrid said Tuesday. In Kuala Lumpur, Malaysia on Tuesday reaffirmed its commitment to peace as it thanked an all-party Indian delegation, led by JD(U) MP Sanjay Kumar Jha, for the briefing on New Delhi's approach to combating terrorism. The delegation met Malaysian leaders and briefed them on India's unwavering policy of zero tolerance towards terrorism, and sought their cooperation in the collective fight against terrorism, the High Commission of India here said in a post on X. 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Pakistan attempted to attack Indian military bases on May 8, 9, and 10. The Indian side responded strongly to the Pakistani actions. The on-ground hostilities ended with an understanding of stopping the military actions following talks between the directors general of military operations of both sides on May 10. PTI GRS/SCY/NSA ZH This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

All India-Abu Dhabi traffic rights exhausted, time for aviation authorities to explore expansion of bilaterals, says Etihad CEO
All India-Abu Dhabi traffic rights exhausted, time for aviation authorities to explore expansion of bilaterals, says Etihad CEO

Indian Express

time25 minutes ago

  • Indian Express

All India-Abu Dhabi traffic rights exhausted, time for aviation authorities to explore expansion of bilaterals, says Etihad CEO

The emirate of Abu Dhabi could be the next Gulf territory to approach India seeking an expansion of the bilateral air services agreement as existing traffic rights have been exhausted by Abu Dhabi-based Etihad as well as India's airlines. According to Antonoaldo Neves, the Group Chief Executive Officer of Etihad Aviation Group, it is time for aviation authorities of India and Abu Dhabi to initiate discussions on expanding traffic rights, also called bilaterals in aviation parlance. While almost all major Indian airlines fly to Abu Dhabi and share the 50,000 seats per week per direction of the traffic rights among themselves, Etihad is the only carrier from the emirate and accounts for all the 50,000 seats in Abu Dhabi's quota. Till one-and-half years ago, both Eithad and Indian airlines had room available to add seats on India-Abu Dhabi routes. In fact, Indian carriers were together utilising just about 30 per cent of the seat quota at the time, while Etihad was using around 50 per cent, Neves said. But within the last one year, both sides have fully exhausted their respective traffic rights. Currently, there is no discussion between India and Abu Dhabi on expansion of bilaterals. 'We have about 170 flights per week. About one-and-a-half years ago, we were using only half of the bilaterals, but now we're using all the traffic rights, and India too. IndiGo added a lot (of flights), and Akasa (Air) added some. IndiGo now is actually flying from 13 cities into Abu Dhabi…I think now we have all the conditions for starting a discussion again about traffic rights, because it's going to be good for the Indian carriers as well as us,' Neves said. The exhaustion of India-Abu Dhabi traffic rights comes at a time when another UAE carrier Emirates has been urging India to increase seats under the India-Dubai bilateral air services agreement beyond the limit of around 66,000 seats per week per direction, but the Indian government appears to be unwilling to lend an ear. Unlike air services agreements with most countries, India's bilaterals with the UAE are emirate-specific. The Indian government and major Indian carriers like Air India and IndiGo have ambitions to have more direct international connectivity from India and to turn the country into an international aviation hub. A significant number of passengers flying to far-off destinations from India take connecting flights through major global hubs outside the country, Dubai and Doha for instance. India wants its carriers to ramp up wide-body operations, instead of facilitating foreign airlines, particularly Gulf-based carriers with deep pockets, in ferrying passengers—transfer traffic from India—to Europe and beyond via their large hubs. Put simply, increasing seats under bilateral pacts does not sit well with India's grand aviation ambitions. Neves, however, said that the concern that large Gulf carriers like Etihad are taking away a lot of transfer traffic from India was unfounded, and that airlines price seats on the basis of demand and their network. He said that the demand is significant enough to accommodate transfer traffic as well as point-to-point traffic. 'The discussion that people always bring is this is transfer traffic and that is point-to-point. I could argue differently and I could say that I would love to get the point-to-point (traffic) that IndiGo is getting to Abu Dhabi…The flipside of that equation is, if I'm doing only transfer (traffic), I'm giving to IndiGo all the point-to-point traffic. My point is that the discussion about point-to-point versus transfer is just a silly discussion. We don't price like that, we price to demand,' Neves said. Neves also argued that being restrictive on seat quotas amid growing demand was not in the interest of Indian consumers. 'If you regulate, it's the start of the end. Because if you regulate, you go back to the old days where fares were controlled. India today has 200 million passengers because fares are not controlled anymore, that's the only reason. Every time you try to put artificial controls, the market doesn't grow,' he said. While acknowledging that Etihad and possibly even Indian carriers may not have the aircraft capacity currently to add additional seats between India and Abu Dhabi, Neves said that they will have more aircraft in the coming years, and the time is apt for discussions on bilaterals to start. 'I think it should be done at the right time, at the right pace. My load factor today is 88 per cent. If I get more seats in India today, first, I need to cancel other flights to bring the planes here. I don't want to do that…So, my point is it needs to go step by step, so we're not in a hurry, but I think we need a dialogue… Of course, I understand that nobody wants to give 10 times more seats tomorrow. And that's understandable, but there's got to be a staggered approach that is good for everyone. It's impossible that there is none,' Neves said.

Carlyle Group offloads 2.6% in Yes Bank for ₹1,775 Cr; stock slides over 10%
Carlyle Group offloads 2.6% in Yes Bank for ₹1,775 Cr; stock slides over 10%

Hans India

time28 minutes ago

  • Hans India

Carlyle Group offloads 2.6% in Yes Bank for ₹1,775 Cr; stock slides over 10%

In a major open market transaction on Tuesday, U.S.-based private equity firm Carlyle Group, through its affiliate CA Basque Investments, sold a 2.6% stake in Yes Bank worth ₹1,775 crore. The transaction involved the offloading of 82 crore shares at a price range of ₹21.61 to ₹21.68 apiece on the NSE and BSE. This stake reduction has brought Carlyle's holding in the Mumbai-based private sector bank down from 6.84% to 4.22%. Despite this high-value transaction, Yes Bank's shares took a hit — falling 10.40% to ₹20.85 on the BSE and 10.01% to ₹20.95 on the NSE. The sale comes shortly after State Bank of India (SBI) and seven other banks announced their intent to divest a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for ₹13,483 crore — the largest cross-border deal in Indian banking to date. Of this, SBI will offload 13.19% of its holdings for ₹8,889 crore, reducing its stake from 24% to just over 10%. The remaining 6.81% will be divested by Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank, amounting to ₹4,594 crore. SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG) — Japan's second-largest banking group with $2 trillion in assets — will emerge as the single-largest shareholder of Yes Bank post-transaction. Meanwhile, Yes Bank continues to show robust financials. For Q4 FY25, the bank reported a 63% jump in standalone net profit at ₹738 crore, compared to ₹451.9 crore in Q4 FY24. Annual net profit for FY25 more than doubled to ₹2,406 crore from ₹1,251 crore a year earlier.

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