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India.com
17 minutes ago
- India.com
Bad news for China as India almost completes an 'important project' near..., Indian Army can now..
PM Modi and Xi Jinping- File image Mudh–Nyoma airfield: In a significant development bolstering India's defence across the Line of actual control (LAC), India is close to completing the high-altitude Mudh–Nyoma airfield in eastern Ladakh. Situated at 13,700 feet, making it the world's highest fighter-capable airbase, the strategic location of the base makes it very important for India incase of a conflict in the region. Here are all the details you need to know about the Mudh–Nyoma airfield and how it is a bad news for China. As per a report by The Times of India, around 90–95% of the runway is done, and the airfield is expected to be fully ready by August–September 2025, posing a huge challenge for China. The report has also said that the Mudh–Nyoma airfield will be able to support fighter jets, heavy-lift aircraft, and helicopters, and lies just 35 km from the LAC with China. The Mudh–Nyoma airfield has been built under Project Himank at a cost of over Rs 200 crore, signaling India's strong infrastructure push after the 2020 standoff with China. BRO chief reviews Frontier Highway Project in Arunachal In another significant update from the China border, Director General, Border Roads Organisation (DG-BRO), Lt Gen Raghu Srinivasan visited Arunachal Pradesh's Lower Subansiri district to review progress on the Frontier Highway Project, as per a report covered by IANS news agency. The report also quoted an Arunachal Pradesh government official saying that the flagship Frontier Highway Project initiative is designed to significantly improve all-weather connectivity along the international border, catalyse regional development, and enhance national security through improved logistical capabilities and troop mobility. How long is India's border with China? The northeastern state of Arunachal Pradesh shares a 1,080-km border with China, 520 km with Myanmar and 217 km with Bhutan. The DGBR provided a comprehensive overview of BRO's ongoing and upcoming infrastructure development efforts, with a focus on enhancing road connectivity in remote and strategically significant areas of Arunachal Pradesh. (With inputs from agencies)
Economic Times
20 minutes ago
- Economic Times
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday's closing price, the transaction was worth Rs 226 crore. Global investor Schroder International Selection Fund is said to have acquired these shares, with the fund now having around a 5% stake in the company, as per sources. Earlier it had acquired 53.6 lakh shares in the company worth Rs 96.9 crore. The venture firm has been reducing its shareholding in the company. Last month, it sold 53.9 lakh shares in Ixigo for Rs 97.4 crore. Prior to this, Elevation Capital sold 21.5 lakh shares in Ixigo in May for Rs 38.27 crore. According to a stock exchange filing, Elevation had around a 9.04% stake in the company, holding around 3.53 crore shares. The early-stage venture capital firm continues to hold a 6.45% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. Prior to this, the venture capital firm had sold shares worth Rs 100 crore through a pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the company's IPO. The company saw its operating revenue increase by 73% year-on-year (YoY) to Rs 314 crore for the quarter ended June on account of growth across all lines of business, effective cross-selling and up-selling to its user base, and artificial intelligence (AI)-driven efficiency. The company posted a net profit of Rs 19 crore for the quarter, marking a 27% rise from Rs 15 crore in the same period last in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates on train seat availability. It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active users.
News18
25 minutes ago
- News18
TTD receives Rs 5.6 crore in donations from two Hyderabad donors
Agency: PTI Last Updated: Tirupati, Jul 24 (PTI) The Tirumala Tirupati Devasthanams (TTD) on Thursday received donations totalling Rs 5.6 crore from two Hyderabad-based donors, a late IRS officer and a private company. According to an official release, late IRS officer YVSS Bhaskar Rao had bequeathed assets worth Rs 3.66 crore to the temple trust. The donation included a residential property valued at Rs 3 crore and Rs 66 lakh in cash. The contribution was formally handed over to TTD officials. The cash Rs 66 lakh is to be distributed among various TTD trusts, including Rs 36 lakh to the Sri Venkateswara Annaprasadam Trust, and Rs 6 lakh each to the Sri Venkateswara Sarva Sreyas Trust, Veda Parirakshana Trust, Go Samrakshana Trust, Vidyadana Trust, and SRIVANI Trust. Three trustees of Rao handed over the property documents and donation cheques to TTD additional executive officer Venkaiah Chowdary, it said. Trinity Combine Private Ltd company contributed Rs 2 crore to the temple body's Sri Venkateswara Annaprasadam Trust in the form of multiple cheques. Representatives of the company handed over the donation to Chowdary at Ranganayakula Mandapam in Tirumala, the release added. PTI STH ROH Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
