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    BENGALURU INFRASTRUCTURE PROJECTS

    PM Modi swiped his Metro smart card to buy my ticket, says D K Shivakumar

    During a light-hearted moment, Karnataka Chief Minister D K Shivakumar recounted a playful encounter with Prime Minister Narendra Modi, who swiped his card to cover Shivakumar's Metro fare. This amusing incident highlighted the importance of collaboration in governance for national progress. Additionally, Shivakumar acknowledged Karnataka's vital role in bolstering India's economy and the enhancement of public transportation and children's education during their journey.

    India seeks to triple clean energy capacity to 900 gigawatts by 2035, but major hurdles remain

    India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.

    Zetwerk Q2 net loss widens 43%, revenue increases 18%

    Zetwerk reported a 43% increase in net loss to ₹88.11 crore during the September quarter, compared to last year. Revenue from operations rose 18% to ₹4,599.36 crore, a decline from the previous quarter's growth. Losses from continuing operations widened significantly while the discontinued business saw a reduced loss. The company faced increased finance and employee stock option costs contributing to its net loss.

    Modi says energy security steps taken over last decade helped India weather West Asia crisis

    Prime Minister Narendra Modi inaugurated various welfare projects worth over Rs 15,600 crore in Bengaluru. These projects include initiatives related to renewable energy and petroleum infrastructure. Modi emphasized the importance of energy security amid the ongoing crisis in the Middle East. The Prime Minister also dedicated the Metro Pink Line to the public for improved connectivity.

    Zetwerk’s Q2 net loss widens 43% to Rs 88 crore, revenue rises 18%

    The company's discontinued civil infrastructure business accounted for a loss of Rs 34.29 crore during the quarter compared with Rs 668.85 crore in the preceding three months, when it had made provisions for doubtful receivables, delayed projects, and other expected losses.

    India's first LED dome planetarium with 4.2 crore lights inaugurated in Mysuru; 15-metre dome to relay live planetary data

    Prime Minister Narendra Modi inaugurated COSMOS-Mysuru Planetarium, India's first LED dome planetarium, on Friday. Built by the Indian Institute of Astrophysics, the facility features a 15-metre tilted dome with 4.2 crore LEDs, a Sky Theatre and astronomy exhibits. The inauguration came during the Prime Minister's Karnataka visit, which also included major metro and railway launches.

    The Economic Times
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