DRONE TRAFFIC MANAGEMENT POLICY
Drone logistics solution provider Skye Air secures $4 million funding
Ankit Kumar, founder and CEO of Skye Air said this fresh funding will help the company to expand its last-mile network across Gurugram and other cities for various service like healthcare, ecommerce. Kumar added he is hopeful that his company will be able to contribute to India's drone sector growth and make India a global drone hub by 2030.
Drone delivery startup Skye Air raises $4 million in funding
Skye Air, a drone delivery logistics solution provider, raised $4 million to expand its last-mile network in Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries.
Narendra Modi takes oath as PM for third straight term; Amit Shah, Rajnath Singh and other leaders sworn-in as ministers
PM Modi oath ceremony: Narendra Modi was sworn in as the Prime Minister of India for the third consecutive time on Sunday. The ceremony took place at Rashtrapati Bhavan in Delhi, where President Droupadi Murmu administered the oath of office.
Narendra Modi pays tribute to Mahatma Gandhi at Rajghat ahead of swearing-in as PM
Around 1,100 traffic police personnel of the Delhi Police have been deployed and an advisory has been issued to the public for the traffic movement route arrangements have been made for the delegates as part of the arrangements for Prime Minister-designate Narendra Modi's oath ceremony on Sunday.
Posters of Narendra Modi put up in Delhi ahead of his swearing-in ceremony
Under Modi's leadership, the NDA is set to form the government at the Centre once again. This is an extraordinary event as Narendra Modi is the only leader after former Prime Minister Jawaharlal Nehru, who has been elected for a third consecutive term after completing the full tenure of each previous term
Malaysia Airlines bets big on Indian non-metro cities
Malaysia Airlines is facing challenges in expanding its operations in India due to a shortage of flying rights. The airline has exhausted its rights to Indian metros and is now planning to increase frequency from Amritsar to seven flights per week from August. The airline has also started flights from Trivandrum and Ahmedabad.
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Govt needs to further expand PLI scheme to make India 'Global Drone Hub': Report
As per the Ministry of Civil Aviation projections, the Indian drone manufacturing industry is expected to reach Rs 900 crore by 2025 from just Rs 60 crore in 2020-21, according to a study conducted by Nexgen Exhibitions. It also noted that the Indian drone market is expected to grow at 22.15 per cent CAGR (compounded annual growth rate) during the 2024-30 period.
Staying bullish and hedging go hand in hand: 5 mid cap stocks from different sectors with potential upside of up to 39%
At this point of time when the street is juggling with its own fear and anxiety and waiting for the election results, the mid-caps segment of the market is witnessing some profit booking/ rational shifting/ consolidation. A part of that is happening because of the fact that the street is reacting and adjusting to Q4 numbers. The way stocks are moving, there is no one trend in mid-cap space. So there are many sub segments which are getting formed in mid-cap space and given the mix of head and tailwinds, this segmentation is likely to stay till election results. So, one will have to do two things, one be bullish but be more selective and focus on managing risks and hedge for short term and think from long term perspective.
Panama's next president says he will shut down one of the world's busiest migration routes
Panama's President-elect Jose Raul Mulino aims to close a major migration route, impacting 500,000 people. Organized crime involvement and challenges in operations and logistics cast doubt on the plan's success.
ETMarkets Smart Talk: Next 30 days can see a bit of increased volatility as politics takes centrestage: Devang Mehta
Devang Mehta discusses the positive macroeconomic outlook for India, the impact of global trends on the market, and the growth potential in sectors like energy, renewable energy, and EVs, emphasizing the importance of fundamental analysis in IPO decisions. Mehta also says the next 30 days can see a bit of increased volatility as politics take the centrestage and all eyes will be on the election trends and actual results.
States & online gaming regulations; banks tap startups to foil frauds
Happy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today's ETtech Morning Dispatch.
Baltimore bridge collapse and port closure send companies scrambling to reroute cargo
After the container ship Dali hit the bridge and brought it down early Tuesday, ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causing congestion and delays for importers, said Judah Levine, head of research for the global freight booking platform Freightos.
AAP protest today: Delhi Metro shuts key stations, traffic police announces route restrictions and towing warning
The Aam Aadmi Party (AAP) has called for a 'gherao' at Prime Minister Narendra Modi's residence on Tuesday to protest against the arrest of Delhi Chief Minister Arvind Kejriwal in the liquor policy case. DMRC announced the closure of entry and exit at Lok Kalyan Marg Metro station, Gate no 3 of Patel Chowk Metro Station, and Gate no 5 of Central Secretariat Metro station for security reasons. The Delhi Traffic Police have implemented traffic restrictions and diversions in light of the AAP protests.
Two-tier security, drones: How Delhi police is keeping a close eye on Arvind Kejriwal's residence
Delhi Police have ramped up security at Arvind Kejriwal's residence after his arrest by the Enforcement Directorate. AAP workers were briefly detained for protesting. Police are anticipating further protests and have tightened security at ED offices. Prohibitory orders may be imposed in parts of the city. The police are closely monitoring speeches by AAP leaders. Traffic police are on high alert. The focus is on preventing disruptions and ensuring public safety.
Our policy of 'nation first' helped manage oil prices despite global conflicts: Hardeep Puri
The Union Minister for Petroleum and Natural Gas said 85 per cent of India's crude requirements are met by imports, with the price of crude in the international market being the benchmark.
5,000 women in Haryana to be given drone training: CM Khattar
Addressing a 'Lakhpati Didi' sammelan in Karnal, Khattar said that under this programme, 102 women have been given drone training and work has also been provided in various departments. The chief minister said being an agrarian state, there is a great need for drones for the farmers here.
Newspace raises $52 mn, the largest equity raise for an Indian defence startup
Newspace Research & Technologies (NRT), a leading drone manufacturer in India's defence sector, has secured $52 million in a bridge round, marking a significant equity raise. The funding includes $33 million in equity from prominent investors and $19 million in debt facilities from SBI’s startup hub and SIDBI. NRT, specializing in swarm drone technology, collaborates with the Ministry of Defence and aims for global expansion, having demonstrated swarm drone operations in Japan.
Indian drone manufacturer IdeaForge enters US market
Indian drone manufacturer IdeaForge is entering the US market as the country shows reluctance to buy Chinese-made drones. IdeaForge CEO Ankit Mehta said the Indian drone industry has grown rapidly in the last decade, with the pandemic accelerating adoption and regulatory support. Mehta highlighted the unique capabilities of Indian drones, such as operating in extreme altitudes and temperatures.
What will it take for India's drone industry to fly higher?
India aims to be a major global hub for drones by 2030, boosting GDP by 1-1.5% and creating jobs. The industry has requested expansion of the PLI scheme, which benefits startups and MSMEs. The drone industry faces challenges such as the lack of a component ecosystem, talent pool, and testing facilities.
Farmers' protest: Heavy security, traffic diversions cause inconvenience to villagers along inter-state border
Agitating farmers in Delhi are facing difficulties due to tight security arrangements and traffic diversions, making daily commuting difficult. The Delhi Police have been preparing to stop farmers from entering the city, with over 5,000 police personnel deployed in border areas. The police have enforced section 144 of the Code of Criminal Procedure (CrPC) and secured the city's borders.
Farmers' protest impacts traffic in Noida amid security checks at Delhi borders
Security heightened at Noida-Delhi borders as farmers plan protest march to the capital. Traffic checks intensified, causing slight delays. Protestors demand MSP implementation. Police deploy personnel and quick response teams. Traffic monitored via drones and ISTMS. Commuters advised to use metro services due to possible diversions. Protest groups largely from Punjab, Haryana, and western Uttar Pradesh. Officials ensure proper arrangements to maintain order.
Govt to develop 200 ropeway projects worth Rs 1.25 lakh crore in five years: Nitin Gadkari
The government is planning to increase the number of projects under the Parvatmala Pariyojana, which is the national ropeways development programme, to at least 400 in the next five years. Last year, the government announced plans to develop over 250 projects with a ropeway length of over 1,200 kilometers in five years.
Marut Drones ties up with Japanese SkyDrive to explore Indian air transportation with flying taxis
A press release from Marut Drones said it will play a pivotal role in identifying and establishing connections with potential customers and networks for SkyDrive, including engaging with governmental bodies, securing airfields, and collaborating with essential infrastructure providers.
Tehran and Red Sea sharks: India is best positioned to convey to Iran the need to rein in the Houthis
The present situation in West Asia, altered by the Israeli-Hamas war and the emergence of Iran-backed Houthi rebels as lead responders against Israel, requires a credible conversation with Iran. From an Iranian standpoint too, the overall picture is not encouraging. It has just suffered a twin terror strike killing at least 90 people. While ISIS has claimed responsibility for the attack, the political rhetoric in Tehran remains directed at the West. As a result, it has got pushed into the Russia-China bloc with doors shut on the rest.
Now, you may face an FIR for excessive lane changes while driving in Gurgaon
The traffic police in Gurgaon have filed FIRs against commercial vehicle drivers who violate lane driving rules on the Delhi-Gurgaon Expressway. In just two days, 14 FIRs have been registered. Drones have been deployed to identify congestion and issue fines for lane driving violations, improving response time and traffic management.
Top infrastructure, healthy startup ecosystem, better commute — the ways Bhubaneswar is winning the hearts of small businesses
The capital of Odisha, with its unique landscape and thriving startup ecosystem, is creating a supportive platform for small businesses to rise.
New Year 2024: Check traffic police advisory and other restrictions in Delhi, Mumbai, Bengaluru and other cities
New Year 2024 Traffic Police Advisory and Restrictions: Cities in India, including Delhi, Mumbai, Bengaluru, Hyderabad, Chennai have enforced stringent measures, such as Section 144 and heightened security, for safe New Year celebrations. Along with strict traffic restrictions, in certain cities, Section 144 has been imposed along with restrictions on drone and aircraft activities.
Gurgaon Traffic Police deploy drones to track your every move, issue challan for violation
The Gurgaon police have implemented drones for traffic management on NH-8, marking the first instance of such technology being used for this purpose in the city. The drones will identify congestion, facilitate quicker response times, and issue fines for lane driving violations. The introduction of drones is expected to improve compliance among drivers and reduce accidents caused by unsafe lane changing.
NHAI upgrades Advanced Traffic Management System
The National Highways Authority of India has introduced an upgraded Advanced Traffic Management System (ATMS) to enhance road safety and enforcement on national highways. The new system includes the installation of Video Incident Detection and Enforcement System (VIDES) cameras every 10 km along the highways, integrated at command and control centers every 100 km.
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