Latest news with #DTC
Time of India
a day ago
- General
- Time of India
Delhi's Bus Connectivity Crisis: Short Trips Highlight Need for Improved Neighbourhood Services, ET Infra
Advt Advt By Six in 10 daily trips made by commuters using public transport in Delhi are under 4 km, but most city buses operate on longer routes rather than providing robust connectivity within to a study conducted by International Council on Clean Transportation (ICCT), the true potential of public transport can only be unlocked if transit services align with the short-distance mobility needs of commuters. The study, "Neighbourhood Public Transit Services: Situational Analysis of Bus-Based Public Transport Supply in Delhi," proposes a neighbourhood-level approach for expanding bus services, especially through the deployment of smaller electric buses designed to serve short, intrazonal study presents a spatially granular analysis of bus-based public transport availability across the national capital territory. By leveraging geographic information systems, ward-level data, and transport route information from DTC and Delhi Integrated Multi-Modal Transit System, which runs cluster buses, the study concluded that 31% of urban neighbourhoods in Delhi fall outside a 500-metre radius of a public bus stop, a threshold recognised as the standard for walkable access under India's transit-oriented development Delhi made important strides in expanding its metro network and introducing new buses under govt's initiatives, ICCT in its study asserted that access to low-cost, reliable neighbourhood mobility remained limited for many. "Nearly one-third of Delhi's urban area lacks convenient access to formal bus services. For thousands of residents, daily mobility often involves long walks or costly last-mile connections, conditions that discourage public transport use and contribute to congestion and pollution," the study pointed identified Deoli, Jaitpur, Sangam Vihar, Mustafabad, Ghonda, Sainik Enclave, Hari Nagar Extension and Prem Nagar among the most underserved municipal wards in the capital. These areas house a large number of unauthorised colonies and have a labyrinth of narrow lanes and bylanes that cannot be catered to by full-length buses currently operated by DTC and Delhi has extensive and vast public transport connectivity, it lacks accessibility in dense urban settlements where a traditional 12m city bus cannot operate with ease. "By aligning route design with localised demand patterns and physical constraints such as road widths, the study strongly advocates short-distance, high-frequency neighbourhood buses tailored to Delhi's complex urban fabric," ICCT said, recommending that smaller 9-metre neighbourhood buses on roads seven metres or wider should be study pointed out that Delhi govt recently launched Delhi Electric Vehicle Interconnector (Devi) buses, a fleet of smaller electric buses intended to serve as last-mile and intra-zonal connectors across areas that cannot accommodate traditional 12-metre buses."First-and last-mile connectivity and the need to serve low-density or hard-to-reach areas are critical challenges that hinder the scaling up of bus services in cities. To address these issues, cities around the world introduced neighbourhood-level bus services, such as 'Community Buses' in Japan, 'Neighbourhood Circulators' in the United States, and Quartiersbusse in Germany. In India, Devi bus is a similar innovation, with Delhi govt piloting such a service in the city," said ICCT India's managing director Amit Bhatt."If successful, this scheme would not only benefit Delhi but also have a strong ripple effect across other cities in the country," he added.
Time of India
2 days ago
- General
- Time of India
6 In 10 Daily Trips Under 4km: Why Delhi's Transit Leaves Many Behind
New Delhi: Six in 10 daily trips made by commuters using public transport in Delhi are under 4 km, but most city buses operate on longer routes rather than providing robust connectivity within neighbourhoods. According to a study conducted by International Council on Clean Transportation (ICCT), the true potential of public transport can only be unlocked if transit services align with the short-distance mobility needs of commuters. The study, "Neighbourhood Public Transit Services: Situational Analysis of Bus-Based Public Transport Supply in Delhi," proposes a neighbourhood-level approach for expanding bus services, especially through the deployment of smaller electric buses designed to serve short, intrazonal routes. The study presents a spatially granular analysis of bus-based public transport availability across the national capital territory. By leveraging geographic information systems, ward-level data, and transport route information from DTC and Delhi Integrated Multi-Modal Transit System, which runs cluster buses, the study concluded that 31% of urban neighbourhoods in Delhi fall outside a 500-metre radius of a public bus stop, a threshold recognised as the standard for walkable access under India's transit-oriented development policy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo While Delhi made important strides in expanding its metro network and introducing new buses under govt's initiatives, ICCT in its study asserted that access to low-cost, reliable neighbourhood mobility remained limited for many. "Nearly one-third of Delhi's urban area lacks convenient access to formal bus services. For thousands of residents, daily mobility often involves long walks or costly last-mile connections, conditions that discourage public transport use and contribute to congestion and pollution," the study pointed out. It identified Deoli, Jaitpur, Sangam Vihar, Mustafabad, Ghonda, Sainik Enclave, Hari Nagar Extension and Prem Nagar among the most underserved municipal wards in the capital. These areas house a large number of unauthorised colonies and have a labyrinth of narrow lanes and bylanes that cannot be catered to by full-length buses currently operated by DTC and DIMTS. While Delhi has extensive and vast public transport connectivity, it lacks accessibility in dense urban settlements where a traditional 12m city bus cannot operate with ease. "By aligning route design with localised demand patterns and physical constraints such as road widths, the study strongly advocates short-distance, high-frequency neighbourhood buses tailored to Delhi's complex urban fabric," ICCT said, recommending that smaller 9-metre neighbourhood buses on roads seven metres or wider should be deployed. The study pointed out that Delhi govt recently launched Delhi Electric Vehicle Interconnector (Devi) buses, a fleet of smaller electric buses intended to serve as last-mile and intra-zonal connectors across areas that cannot accommodate traditional 12-metre buses. "First-and last-mile connectivity and the need to serve low-density or hard-to-reach areas are critical challenges that hinder the scaling up of bus services in cities. To address these issues, cities around the world introduced neighbourhood-level bus services, such as 'Community Buses' in Japan, 'Neighbourhood Circulators' in the United States, and Quartiersbusse in Germany. In India, Devi bus is a similar innovation, with Delhi govt piloting such a service in the city," said ICCT India's managing director Amit Bhatt. "If successful, this scheme would not only benefit Delhi but also have a strong ripple effect across other cities in the country," he added.
Yahoo
2 days ago
- Business
- Yahoo
Athene Announces Redemption of All Outstanding Series C Preferred Stock and Related Depositary Shares
WEST DES MOINES, Iowa, May 30, 2025 (GLOBE NEWSWIRE) -- Athene Holding Ltd. ('Athene') today announced it will redeem all outstanding shares of its 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the 'Series C Preferred Stock'), and the corresponding depositary shares (CUSIP: 04686J 309; ISIN: US04686J3095) (the 'Depositary Shares'), each representing a 1/1,000th interest in a share of the Series C Preferred Stock. The Series C Preferred Stock will be redeemed on the upcoming dividend payment date on June 30, 2025 (the 'Redemption Date'). All 24,000,000 Depositary Shares currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no shares of Series C Preferred Stock or Depositary Shares will remain outstanding. The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share (equivalent to $25,000 per share of Series C Preferred Stock) (the 'Redemption Price'). The regular quarterly dividend on the Depositary Shares was separately declared and will be paid separately on June 30, 2025 to holders of record on June 15, 2025 for such dividend payment in the customary manner. Accordingly, the Redemption Price does not include any accrued and unpaid dividends. No further dividends will be declared or paid following the Redemption Date. Simultaneously with the redemption of the Series C Preferred Stock, the outstanding Depositary Shares will be redeemed on the Redemption Date in accordance with the applicable procedures of The Depository Trust Company ('DTC'), for an amount per Depositary Share equal to the Redemption Price. All Depositary Shares are held in book-entry form through DTC. Payment to DTC for the Depositary Shares will be made by Computershare Inc. and Computershare Trust Company, N.A., collectively, as redemption agent. The address for the redemption agent is as follows: Computershare Trust Company, Corporate Actions150 Royall MA 02021 Investors in the Depositary Shares should contact the bank or broker through which they hold a beneficial interest in the Depositary Shares for information about obtaining the Redemption Price for the shares of Depositary Shares in which they have a beneficial interest. About AtheneAthene is the leading retirement services company with over $380 billion of total assets as of March 31, 2025, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. Forward-Looking StatementsThis press release contains, and certain oral statements made by Athene's representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words 'believes,' 'expects,' 'intends,' 'anticipates,' 'plans,' 'seeks,' 'estimates,' 'projects,' 'may,' 'will,' 'could,' 'might,' 'should,' or 'continues' or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Although Athene management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to Athene's forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2024, which can be found at the SEC's website All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Media ContactJeanne HessVP, External Relations+1 646 768 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
2 days ago
- Business
- Time Business News
Top Magento 2 Enterprise Experts to Scale Your eCommerce in 2025
As the eCommerce landscape becomes more competitive and technologically demanding, merchants relying on Magento 2 Enterprise (Adobe Commerce) need more than just developers—they need transformation partners. In 2025, the real differentiator won't just be what platform you use, but who you trust to help you get the most out of it. From streamlining complex B2B operations to optimizing performance for high-growth DTC brands, the right Magento agency can be the catalyst for long-term scale. Here's our handpicked list of the best Magento 2 Enterprise experts for 2025—starting with the one leading the pack: Rave Digital. When it comes to Adobe Commerce (Magento 2 Enterprise), Rave Digital isn't just one of the top agencies—they set the benchmark. With over 600 successful Magento deployments, a dedicated Adobe Commerce Center of Excellence, and a client-first approach rooted in performance, Rave Digital has proven time and again that they don't just build stores—they build sustainable, scalable eCommerce ecosystems. ✅ Proven Expertise Rave Digital is an Adobe Gold Solution Partner with a team of certified Magento developers, architects, and performance engineers. Whether it's full-scale enterprise implementations, migrations, or headless commerce solutions, Rave consistently delivers world-class outcomes. ✅ Results-Driven Approach Every project is aligned with business KPIs. From improving page speed and conversion rates to reducing cart abandonment and boosting AOV, Rave's strategies are designed to drive measurable growth. ✅ Tailored Enterprise Solutions Whether you're a manufacturer launching a B2B portal or a luxury brand going omnichannel, Rave Digital tailors every implementation to your unique operational needs and market goals. ✅ Full-Spectrum Magento Services Magento 2 upgrades & migrations Adobe Commerce Cloud integrations Custom module development Headless PWA architecture AI-powered product discovery 24/7 support & managed services ✅ Global Trust Rave serves clients across North America, Europe, and the Middle East, including Fortune 500 companies and fast-scaling DTC startups. Their retention rate speaks volumes: they don't just deliver great projects—they build long-term partnerships. 'With Rave, we didn't just get a developer—we got a business ally who understood our goals, improved our customer experience, and helped us grow faster.' — eCommerce Director, Global Retail Brand Vaimo is known for its flexible builds and strong UX sensibilities. A great pick for international companies needing high-quality frontend and backend alignment. Corra merges enterprise Magento knowledge with digital strategy and customer experience design. They're ideal for brands focused on retention and lifetime value. Redstage thrives in environments with heavy backend complexity, from legacy systems to multi-warehouse supply chains. Ideal for manufacturers and distributors. With deep Adobe Commerce Cloud experience, Gorilla Group is built for large organizations that need cross-region scalability and complex infrastructure. Known for their extensions, Amasty also delivers end-to-end enterprise Magento services that ensure seamless module integration and platform stability. Adobe Certification and verifiable Magento expertise and verifiable Magento expertise Experience with composable architecture and API-first frameworks and API-first frameworks Strategic thinking , not just technical skills , not just technical skills DevOps, security, and support infrastructure for enterprise SLAs for enterprise SLAs Proven track record with real-world ROI results Magento 2 Enterprise is a powerful platform—but its power is only fully unlocked when partnered with the right team. In 2025, that team is Rave Digital. They offer more than technical execution. They bring strategic insight, enterprise-grade reliability, and a relentless focus on performance. If you're serious about scaling your Magento store and dominating your category, look no further than Rave. �� Start your journey with Rave Digital TIME BUSINESS NEWS
Time of India
2 days ago
- Politics
- Time of India
Short period to assess a govt, says Sachdeva
New Delhi: Delhi BJP president Virendra Sachdeva said on Thursday that BJP's govt in Delhi will complete 100 days in office, which is a short period to assess a govt that came to power after a decade of "misgovernance. " However, it is a matter of satisfaction that BJP govt had succeeded in creating a positive image in this brief span, he said. Holding a press briefing at the party office on Thursday, he stated that the greatest achievement of Rekha Gupta's govt is that, unlike Kejriwal, who engaged in negative politics by blaming central govt for his failures, BJP govt is proactive and is addressing every issue of Delhiites. Her govt's work is becoming its true identity, he said. Sachdeva said: "Tomorrow, Delhi govt will present its roadmap for the future along with a summary of its 100-day achievements." Listing the achievements, he said that there was the issuance of Ayushman Bharat cards, providing elderly citizens with health coverage of Rs 10 lakh. Also, there was the allocation of a Rs 1 lakh crore mega development budget for Delhi. On Yamuna cleaning, he said: "Govt is committed to working on Yamuna cleaning, with budget allocations for installing STPs on drains falling into the river." He mentioned that govt was reviving the crumbling DTC public transport left by Kejriwal govt and stabilising the situation by operating around 400 buses under the Devi Yojana.
