RIL takes controlling stake in pod transportation co

In what is probably the company’s most fanciful investment to date, India’s largest private sector company Reliance Industries has taken a controlling stake in a US-based futuristic transportation company. skyTran Inc is developing a technology to transport people using pods that are kept in the air by a magnetic force from below. RIL, which was […]

Dilip Buildcon lowest bidder for Indore Metro project

Dilip Buildcon said it has emerged as the favored bidder to build a 5.3 km stretch of the upcoming metro rail system in Indore, Madhya Pradesh. The development comes barely a month after DBL was declared the lowest bidder for the Bhopal Metro project in the state. The current bid is to build an elevated […]

Infosys to donate station to Bangalore Metro

Infosys Foundation, the philanthropic arm of Infosys, said it has signed an agreement to construct and maintain a metro station next to its main campus in Electronics City, Bangalore. The station, to be constructed at Konappana Agrahara, will be covered under the second phase of Bangalore Metro’s expansion plans and is expected to be operational by […]