Latest news with #GTR
Hypebeast
a day ago
- Automotive
- Hypebeast
Concorso D'Eleganza Villa D'Este 2025 Brought out the World's Most Important Cars
Summary This weekend saw one of the most prestigious events in Cernobbio, Italy:Concorso D'Eleganza Villa D'Este. Beyond the stunning backdrop of Lake Como, the three-day event brought together some of the world's most important and historic cars ever made. Concorso d'Eleganza Villa d'Este featured a curated display of classic and concept cars, selected for their historical significance, design, and rarity. The event was organized byBMWGroup Classic and the Grand Hotel Villa d'Este, taking place within the hotel's grounds and adjacent Villa Erba. A parallel exhibition, FuoriConcourso, was also held within the walking grounds of Lake Como. Automobiles on display spanned multiple eras, from early 20th-century models to contemporary design studies. Within the selection were some of the most awe-inspiring racers like theMcLarenF1 GTR, Ferrari F40 LM and Lamborghini Diablo SV-R, while hypercars like the Pagani Huayra Epitome and the Koenigsegg CCX grew exceptional crowds. This year, restomods also took center stage –Kimerabrought out a slew of its EVO37 and EVO38 creations, while theMarc Philipp GemballaMARSIEN also made a rare appearance. Additionally, BMW took the opportunity to not only showcase the newM2 CSbut also the teased Speedtop shooting brake concept revealed earlier this week. Judging for the vehicles to win their specific awards was conducted by a panel of experts who evaluated the vehicles based on authenticity, preservation, and overall design coherence. In addition to the judged classes, there were public voting categories and manufacturer showcases. Check out the cars from this year's Concorso d'Eleganza Villa d'Este in the gallery above.
The Sun
21-05-2025
- Business
- The Sun
Ground Team Red Sdn Bhd launches private jet handling service
LANGKAWI: Ground Team Red Sdn Bhd (GTR), a ground services handler in Malaysia, has launched its private jet handling service at the ongoing Langkawi International Maritime and Aerospace Exhibition 2025 (Lima 2025). The premium service marks GTR's strategic expansion into the VIP and business aviation segment, enhancing its comprehensive portfolio of aviation ground handling services. GTR signed a memorandum of understanding with two strategic partners – Weststar Aviation Services and Sapura Aero Handlers. The signing ceremony was witnessed by Deputy Transport Minister Hasbi Habibollah. The agreements designate GTR as the official ground handler for non-scheduled flights, with a focus on private jets and military aircraft. GTR CEO Musdalifa Abdullah highlighted the launch as a significant step in GTR's growth trajectory. 'This MoU marks an important milestone as we expand into the non-scheduled flight segment, supporting the unique demands of private and military aviation. We are honoured to be the ground handling partner of choice for Weststar, SkyPark and Sapura Aero and look forward to elevating the standard of handling in Malaysia,' he said. GTR's new private jet handling service will leverage the company's extensive operational expertise and nationwide presence to deliver premium ground handling services tailored to the exacting requirements of private and military aviation. The service will initially be available at key airports across Malaysia, with plans for expansion in line with market demand. GTR said the launch during Lima 2025 underscores the strategic importance of this service expansion. As the nation continues to develop its aviation infrastructure and capabilities, GTR's entry into specialised handling services aligns with national objectives to enhance Malaysia's position as a regional aviation hub.
Mint
14-05-2025
- Business
- Mint
Tata Power to spend ₹25,000 crore as capex in FY26, two discom bids eyed in UP: CEO Praveer Sinha
Tata Power is looking to spend ₹ 25,000 crore as capital expenditure (capex) in FY26 and the company is also keen to bid for two discoms in Uttar Pradesh, CEO Praveer Sinha said as he shared plans for the new fiscal. About the company's plans for nuclear projects, he said Tata Power is awaiting legal changes, and will proceed accordingly. The CEO made the remarks during a post-earnings call on Wednesday. Tata Power posted a nearly 25 per cent rise in consolidated net profit to ₹ 1,306.09 crore in March quarter of FY25, aided by strong performance across core businesses comprising generation, transmission and distribution, and renewables. When asked about the company's capex plans for FY26, Sinha told PTI, "Capex for FY26 is ₹ 25,000 crore, 50 per cent to renewables, 20 per cent to generation (including pumped hydro), and 30 per cent to T&D (transmission and distribution)." The company had planned a capex of ₹ 20,000 crore for FY25, but could achieve over ₹ 16,000 crore as some transmission and renewable projects got delayed, he said. In FY25, Tata Power added 2.3 GW capacity, while in FY26, the company is on track to add 2.5-2.7 GW of capacity, Sinha said. "We are also finalising long-term wind turbine supply (1-1.5 GW) within the next three-four weeks," he added. On the plans for nuclear projects, the CEO said the company is keen on that but any progress will be made only after legal clarity. "We are awaiting amendments to the Nuclear Power Act -- specifically civil liability and private sector participation. We expect these in the monsoon session. We're preparing with site evaluations, water arrangements, and technology reviews, but next steps depend on legal clarity," he said. Replying to another question on interest in two discoms (power distribution companies) which being privatised in Uttar Pradesh, Sinha said the company will examine the opportunity. "Yes, we are very much interested (in the UP discoms) and expect the bid documents by this month-end. We will definitely participate," he said. Tata Power will continue to evaluate good opportunities, aligned with long-term strategy. All suitable opportunities will be examined. In Uttar Pradesh, the government is in the process to privatise discoms -- Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL). The two discoms cover 42 out of 75 districts of Uttar Pradesh. About interests in exports to the US, he said "Our immediate priority is to serve the domestic market, especially under PM Surya Ghar Yojana, which requires GTR modules. After that, we can examine export possibilities."
Mint
14-05-2025
- Business
- Mint
Tata Power to spend ₹25,000 crore as capex in FY26, two discom bids eyed in UP: CEO Praveer Sinha
Tata Power is looking to spend ₹ 25,000 crore as capital expenditure (capex) in FY26 and the company is also keen to bid for two discoms in Uttar Pradesh, CEO Praveer Sinha said as he shared plans for the new fiscal. About the company's plans for nuclear projects, he said Tata Power is awaiting legal changes, and will proceed accordingly. The CEO made the remarks during a post-earnings call on Wednesday. Tata Power posted a nearly 25 per cent rise in consolidated net profit to ₹ 1,306.09 crore in March quarter of FY25, aided by strong performance across core businesses comprising generation, transmission and distribution, and renewables. When asked about the company's capex plans for FY26, Sinha told PTI, "Capex for FY26 is ₹ 25,000 crore, 50 per cent to renewables, 20 per cent to generation (including pumped hydro), and 30 per cent to T&D (transmission and distribution)." The company had planned a capex of ₹ 20,000 crore for FY25, but could achieve over ₹ 16,000 crore as some transmission and renewable projects got delayed, he said. In FY25, Tata Power added 2.3 GW capacity, while in FY26, the company is on track to add 2.5-2.7 GW of capacity, Sinha said. "We are also finalising long-term wind turbine supply (1-1.5 GW) within the next three-four weeks," he added. On the plans for nuclear projects, the CEO said the company is keen on that but any progress will be made only after legal clarity. "We are awaiting amendments to the Nuclear Power Act -- specifically civil liability and private sector participation. We expect these in the monsoon session. We're preparing with site evaluations, water arrangements, and technology reviews, but next steps depend on legal clarity," he said. Replying to another question on interest in two discoms (power distribution companies) which being privatised in Uttar Pradesh, Sinha said the company will examine the opportunity. "Yes, we are very much interested (in the UP discoms) and expect the bid documents by this month-end. We will definitely participate," he said. Tata Power will continue to evaluate good opportunities, aligned with long-term strategy. All suitable opportunities will be examined. In Uttar Pradesh, the government is in the process to privatise discoms -- Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL). The two discoms cover 42 out of 75 districts of Uttar Pradesh. About interests in exports to the US, he said "Our immediate priority is to serve the domestic market, especially under PM Surya Ghar Yojana, which requires GTR modules. After that, we can examine export possibilities." The company has a lot of ongoing orders both in-house and from third-party, to be completed over the next six months, Sinha said in response to a question on Tata Power's plans to tap the US which has imposed higher import duties on solar modules from China, Vietnam and Malaysia.
Time of India
14-05-2025
- Business
- Time of India
Tata Power looking to spend Rs 25,000 cr as capex in FY26; keen to bid for two discoms in UP: CEO
Tata Power is looking to spend Rs 25,000 crore as capital expenditure (capex) in FY26 and the company is also keen to bid for two discoms in Uttar Pradesh, CEO Praveer Sinha said as he shared plans for the new fiscal. About the company's plans for nuclear projects, he said Tata Power is awaiting legal changes, and will proceed accordingly. The CEO made the remarks during a post-earnings call on Wednesday. Tata Power posted a nearly 25 per cent rise in consolidated net profit to Rs 1,306.09 crore in March quarter of FY25, aided by strong performance across core businesses comprising generation, transmission and distribution, and renewables. When asked about the company's capex plans for FY26, Sinha told PTI, "Capex for FY26 is Rs 25,000 crore, 50 per cent to renewables, 20 per cent to generation (including pumped hydro), and 30 per cent to T&D (transmission and distribution)." The company had planned a capex of Rs 20,000 crore for FY25, but could achieve over Rs 16,000 crore as some transmission and renewable projects got delayed, he said. Live Events In FY25, Tata Power added 2.3 GW capacity, while in FY26, the company is on track to add 2.5-2.7 GW of capacity, Sinha said. "We are also finalising long-term wind turbine supply (1-1.5 GW) within the next three-four weeks," he added. On the plans for nuclear projects, the CEO said the company is keen on that but any progress will be made only after legal clarity. "We are awaiting amendments to the Nuclear Power Act -- specifically civil liability and private sector participation. We expect these in the monsoon session. We're preparing with site evaluations, water arrangements, and technology reviews, but next steps depend on legal clarity," he said. Replying to another question on interest in two discoms (power distribution companies) which being privatised in Uttar Pradesh, Sinha said the company will examine the opportunity. "Yes, we are very much interested (in the UP discoms) and expect the bid documents by this month-end. We will definitely participate," he said. Tata Power will continue to evaluate good opportunities, aligned with long-term strategy. All suitable opportunities will be examined. In Uttar Pradesh, the government is in the process to privatise discoms -- Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL). The two discoms cover 42 out of 75 districts of Uttar Pradesh. About interests in exports to the US, he said "Our immediate priority is to serve the domestic market, especially under PM Surya Ghar Yojana, which requires GTR modules. After that, we can examine export possibilities." The company has a lot of ongoing orders both in-house and from third-party, to be completed over the next six months, Sinha said in response to a question on Tata Power's plans to tap the US which has imposed higher import duties on solar modules from China, Vietnam and Malaysia.
