Latest news with #LIM
Economic Times
04-08-2025
- Business
- Economic Times
BEML signs MoU with deep-tech startup at II-M to build indigenous Hyperloop system in India
The BEML on Monday signed a Memorandum of Understanding (MoU) with TuTr Hyperloop, a deep-tech startup incubated at IIT Madras, to co-develop India's first indigenously designed Hyperloop transportation system. Hyperloop is a high-speed transportation system where passenger or cargo pods travel through sealed tubes in a near-vacuum environment, allowing them to glide at exceptional speeds using Magnetic Levitation and Linear Induction Motor propulsion systems, according to Bharat Earth Movers Limited (BEML). As per the MoU, BEML will serve as the principal manufacturing partner for TuTr collaboration will focus on developing a prototype Hyperloop pod designed to carry both passengers and cargo at ultra-high speeds, leveraging advanced propulsion technologies such as Linear Induction Motors (LIM) and Maglev systems. The goal is to create a radically faster, greener, and more efficient mode of transport, stated a press release issued by BEML."This partnership is a leap forward for India's aspirations in high-speed, clean transportation," said Shantanu Roy, Chairman and Managing Director, BEML. "It exemplifies our commitment to Viksit Bharat 2047 and Atmanirbhar Bharat by turning futuristic mobility into a reality powered by Indian engineering, innovation, and manufacturing," he MoU was formally signed by Lingaraj V Viraktamath, Head Corporate Technology Planning & Alliance Management and Aravind S Bharadwaj, Director & CEO of TuTr Hyperloop, in the presence of Roy, BEML, and Prof V Kamakoti, Director, IIT Madras. Rajeev Kumar Gupta, Director, Rail & Metro, BEML Ltd was also present. "At TuTr, we're translating deep scientific research into practical technologies that can transform the way people and goods move," said Prof Kamakoti.
Time of India
04-08-2025
- Business
- Time of India
BEML signs MoU with deep-tech startup at II-M to build indigenous Hyperloop system in India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The BEML on Monday signed a Memorandum of Understanding (MoU) with TuTr Hyperloop , a deep-tech startup incubated at IIT Madras , to co-develop India's first indigenously designed Hyperloop transportation is a high-speed transportation system where passenger or cargo pods travel through sealed tubes in a near-vacuum environment, allowing them to glide at exceptional speeds using Magnetic Levitation and Linear Induction Motor propulsion systems, according to Bharat Earth Movers Limited (BEML).As per the MoU, BEML will serve as the principal manufacturing partner for TuTr collaboration will focus on developing a prototype Hyperloop pod designed to carry both passengers and cargo at ultra-high speeds, leveraging advanced propulsion technologies such as Linear Induction Motors (LIM) and Maglev systems. The goal is to create a radically faster, greener, and more efficient mode of transport, stated a press release issued by BEML."This partnership is a leap forward for India's aspirations in high-speed, clean transportation," said Shantanu Roy, Chairman and Managing Director, BEML."It exemplifies our commitment to Viksit Bharat 2047 and Atmanirbhar Bharat by turning futuristic mobility into a reality powered by Indian engineering, innovation, and manufacturing," he MoU was formally signed by Lingaraj V Viraktamath, Head Corporate Technology Planning & Alliance Management and Aravind S Bharadwaj, Director & CEO of TuTr Hyperloop, in the presence of Roy, BEML, and Prof V Kamakoti, Director, IIT Madras. Rajeev Kumar Gupta, Director, Rail & Metro, BEML Ltd was also present."At TuTr, we're translating deep scientific research into practical technologies that can transform the way people and goods move," said Prof Kamakoti.
Scoop
01-07-2025
- Business
- Scoop
The Taxpayers' Union Is Calling Out Tasman District Council For Treating Family Pets Like Major Infrastructure Projects
The Taxpayers' Union is calling out Tasman District Council for treating family pets like major infrastructure projects, after a local dog owner was slapped with a jaw-dropping $1,400 fee for a resource consent just to keep three dogs on his rural property. 'In Tasman, puppies now need planning permission,' says Taxpayers' Union spokesperson, Tory Relf. 'Since when did the council decide dogs are a consenting activity? What's next – building consent for a kennel? LIM reports on Labradors?' "According to RNZ, the owner was shocked to learn that having more than two dogs on her lifestyle block required a process usually reserved for housing developments or sewage treatment plants." 'We love dogs, but this policy's gone walkies. A council that thinks someone needs to file paperwork and fork out over a grand just to give a home to a pup needs to have its head checked, preferably by a vet.' The Taxpayers' Union is urging Tasman District Council to roll over on this ridiculous regulation.
Otago Daily Times
06-05-2025
- Business
- Otago Daily Times
Council back on top of LIM applications
Invercargill City Council. Photo: Abbey Palmer The Invercargill City Council is once again meeting statutory requirements for Land Information Memorandum (LIM) applications, after an unprecedented surge in demand caused some delays earlier this year. Council planning and building services manager Anne Duncan said a buoyant property market, as well as changes to lending requirements, had put significant pressure on LIM and property file request timeframes. Under the Local Government Official Information and Meeting Act, the council was required to process LIM requests within 10 working days, and property file requests within five working days. However, during the first quarter of this year, the council had taken up to 15 working days to process LIM requests, she said. "With extra support and additional resource in the final stages of recruitment, both LIMs and property file requests are being processed within those statutory timeframes, which is great news for our customers." In January, February and March this year, LIM application volumes had nearly doubled in comparison with previous years. "Our property records team has worked hard to minimise disruption to customers as much as possible. "We're really pleased that we have been able to address this issue as we take our commitment to meeting statutory obligations seriously." As well as an active property market throughout the Deep South, applicants had told council that some lenders and insurance companies were also making LIM requests a mandatory requirement for potential buyers hoping to secure a new property, Ms Duncan said. "We have really appreciated the community's patience as we worked through the process of addressing our resourcing, to get those timeframes back on track for our customers." The council was recruiting for two positions within the property records team, and in the short term had engaged temporary resourcing. Existing staff had also worked overtime to reduce the backlog while resourcing was being addressed. — APL
Otago Daily Times
29-04-2025
- Business
- Otago Daily Times
Happy home buying
It's a cliche, but for most the purchase of a home is the biggest investment of their lives. So it makes sense to consider the entire process to make sure you don't end up regretting it. Here are some tips to avoid many of the potential pitfalls. Finances How big is your mortgage deposit? This will obviously dictate how much you can afford to pay for a house. Talk to a mortgage broker as they have existing relationships with banks and are in a position to negotiate better terms for their clients. If your mortgage is preapproved then you'll be poised to act immediately when you find your dream home. Location Perhaps the most important factor in real estate is location. Assess your needs and look in the suburbs that will best meet them. Are there schools and amenities nearby? How's the traffic, the street noise? How long will the commute to work be? Who could be your neighbours? Is the empty section or derelict house next door likely to be redeveloped into student accommodation? Are houses in the suburb generally a good investment? Look at the statistics over the last decade or longer. Fit for purpose What are your minimum requirements? Chances are you will need extra space as children grow older. How will your needs change over the time you live in the house? There are other practical considerations too. What work is required? Will you struggle to maintain the garden? Will your existing furniture fit into the available space? Is there enough storage for your belongings? What is the parking situation? How is the home heated, and is it well insulated? Orientation It might look like the ideal house, but the wrong orientation could result in the ultimate letdown. Good orientation towards the north takes advantage of the available sun, meaning a more comfortable and energy-efficient home. Find out how much sun the house gets at different times of the year. There are apps that will tell you. Will the neighbour's house or trees block your sun in the colder months? Checks When you're interested in a house there are several key checks that should be carried out. Assuming you have employed the services of a conveyance lawyer, they will carry out a title search on the property. They can also obtain a Land Information Memorandum (LIM) report, with information held on the property by the local council, and a more in-depth property file. A valuation will indicate whether the asking price for the house is realistic. A building inspection report offers a thorough assessment of the property which may ultimately save you thousands of dollars. Open home, open mind Things to look out for at an open home: Outside Exposure to sun and wind Large trees Privacy and noise levels Condition of walls and paint Condition of roofing and guttering Condition of fences, gates, and paths Is there off-street parking? Check under house for dampness and condition of insulation What is the drainage situation? Does the outdoor living space meet your needs? What is the state of your potential neighbours' properties? How does the house compare to others on the street? Inside
