logo
Vadhavan offshore airport work likely to begin in '26: CM

Vadhavan offshore airport work likely to begin in '26: CM

Time of India3 days ago
Mumbai: "I'm hoping that we're able to begin the work on Vadhavan offshore airport in 2026," said chief minister
Devendra Fadnavis
at an aviation conference held in Mumbai on Friday.
"We've appointed an agency to work on the Detailed Project Report (DPR)," he said, adding that Vadhavan airport will be the Mumbai Metropolitan Region's (MMR) third airport.
"When we can reclaim land and build an offshore port at Vadhavan, why not build an offshore airport as well," said Fadnavis.
After decades-long wait, the MMR region is set to get its second airport at Navi Mumbai soon. Currently, all airline flights land and take off from a single runway at the congested Mumbai airport.
You Can Also Check:
Mumbai AQI
|
Weather in Mumbai
|
Bank Holidays in Mumbai
|
Public Holidays in Mumbai
Plans to build an offshore runway and airport in Vadhavan at a cost of Rs 76,220 crore were announced in November last year by Prime Minister Narendra Modi.
The Vadhavan Port, approved by the Union cabinet in June 2024, is set to become the largest seaport in India. A special purpose vehicle, the Vadhavan Port Project Limited (VPPL), owned by Jawaharlal Nehru Port Authority (JNPA) with a 74% stake and the Maharashtra Maritime Board (MMB) holding 26%, has been created to build the port project.
The Navi Mumbai airport is expected to begin operations before the commencement of the winter schedule, which runs from Oct-end to March-end.
Currently, a pre-feasibility study for the offshore Vadhavan airport is underway. Sources said the report is expected in three months.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kia Carens Clavis EV to launch tomorrow: All you need to know
Kia Carens Clavis EV to launch tomorrow: All you need to know

India Today

time16 minutes ago

  • India Today

Kia Carens Clavis EV to launch tomorrow: All you need to know

Kia is all set to unveil the Carens Clavis EV in India tomorrow, signaling a major shift in its product strategy. As the country's first mass-market all-electric seven-seater MPV, the Clavis EV aims to blend family-oriented practicality with sustainable, modern mobility. With prices expected to start around Rs 17–18 lakh (ex-showroom), it will appeal to larger families seeking a well-equipped and eco-friendly transportation preparation for the Clavis EV's arrival, Kia India has launched a comprehensive EV ecosystem to support a smooth ownership experience. This move reinforces the brand's commitment to sustainability while addressing the growing demand for EV part of this initiative, Kia has teamed up with leading charge point operators to offer home installation of AC chargers, which will integrate seamlessly with the Kia mobile app. This setup enables users to monitor charging status, analyze usage, and control functions remotely from the very first day. For public charging needs, Kia EV customers will have access to more than 1,000 charging stations nationwide. The Kia Connect app will provide real-time charger availability, navigation to the nearest station, and integrated digital payment brand also plans to set up dedicated EV service hubs in key urban areas. These centers will be staffed with trained technicians, equipped with advanced diagnostic tools, and feature exclusive service bays for EVs—ensuring quick, high-quality support for electric vehicle the Clavis EV will stay largely in line with its ICE counterpart that debuted in May 2025 but will feature EV-specific styling cues. Expect a closed-off grille, aerodynamic alloy wheels, exclusive EV emblems, Star Map LED DRLs with integrated indicators, triple-pod LED headlamps, and a continuous Star Map LED tail light—giving the vehicle a sleek, futuristic the Clavis EV will likely mirror the layout of the ICE version but elevate the experience with more premium features. The standout will be a 26.62-inch dual-screen setup, merging the infotainment display and digital instrument cluster. High-end features include ventilated front seats, a 4-way powered driver's seat, ambient lighting, a smart air purifier, an 8-speaker BOSE audio system, wireless charging, and rear AC vents—all geared toward comfort and confirmed via a teaser that the Carens Clavis EV will deliver an ARAI-certified range of up to 490km. It will likely get both batteries which the Hyundai Creta Electric offers, and the motor, mounted on the front axle—is likely to deliver comparable performance, though it may be slightly detuned due to the Carens' larger will be further enhanced by adjustable regenerative braking via paddle shifters. Advanced EV features like Vehicle-to-Load (V2L) and Vehicle-to-Vehicle (V2V) charging are also expected to be onboard, boosting its practicality. Moreover, Kia is set to offer a range of Level 2 ADAS features such as adaptive cruise control, automatic emergency braking, high beam assist, and driver attention monitoring—making it one of the safest options in its Clavis EV will also pack a comprehensive safety suite, including six airbags, electronic stability control, hill-start assist, and all-wheel disc brakes. Additional safety enhancements like a 360-degree camera, blind-view monitor, tyre pressure monitoring system (TPMS), and a dual-camera dash cam are also to Auto Today Magazine- EndsMust Watch

Sensex, Nifty fall for 4th day on selling in IT shares, foreign fund outflows
Sensex, Nifty fall for 4th day on selling in IT shares, foreign fund outflows

New Indian Express

time18 minutes ago

  • New Indian Express

Sensex, Nifty fall for 4th day on selling in IT shares, foreign fund outflows

MUMBAI: Benchmark stock indices Sensex and Nifty declined on Monday, extending the losing run to the fourth day amid selling in IT shares and foreign fund outflows. The 30-share BSE Sensex dropped by 247.01 points or 0.30 per cent to settle at 82,253.46. During the day, it fell 490.09 points or 0.59 per cent to 82,010.38 but recovered some of the losses towards the close. The 50-share NSE Nifty settled lower by 67.55 points or 0.27 per cent to 25,082.30. Sensex has dropped nearly 1,460 points or 1.75 per cent and Nifty by 440 points or 1.73 per cent in the four days of fall since July 9. Among Sensex firms, Asian Paints fell the most by 1.58 per cent. Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were among the laggards. However, Eternal, Titan, Mahindra & Mahindra and ITC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data. The broader indices, however, outperformed the benchmark, with midcap and smallcap indices gaining between 0.71 per cent and 1.04 per cent. "Consolidation continued in the domestic market as the tariff headlines and a subdued start to the earnings season are influencing investors to be more sensitive with valuation trading at 3 yrs high level,' Vinod Nair, Head of Research, Geojit Investments, said. However, stock-specific action continues with sector-wise pick-up in healthcare, realty, consumer & discretionary, while IT remains the laggard due to the risk of earnings downgrades in FY26, Nair added.

Commodity Radar: Gold glitters with 27% YTD surge in 2025: 5 key indicators to watch next
Commodity Radar: Gold glitters with 27% YTD surge in 2025: 5 key indicators to watch next

Economic Times

time20 minutes ago

  • Economic Times

Commodity Radar: Gold glitters with 27% YTD surge in 2025: 5 key indicators to watch next

Gold prices rose over Rs 600 (0.6%) per 10 grams on Monday, tracking global trends and driven by uncertainty surrounding Trump's tariff announcements. The ongoing volatility has led investors to seek safety in the yellow metal, a traditional safe-haven asset. Tired of too many ads? Remove Ads 1) Key support & resistance Tired of too many ads? Remove Ads Support Zone: Resistance Zone: 2. RSI (14) Neutral to Bullish Bias at 53.91 3. Bollinger Bands: Squeeze indicates upcoming expansion 4. Moving Averages: Flattish but price holding above 5. MACD: Building Momentum Tired of too many ads? Remove Ads Gold trading strategy Gold's prices have stayed strong and are hovering near the Rs 1 lakh mark in the domestic physical markets (3% GST). In this year so far, the gains have been to the tune of 27%, better than any other asset class. On a month-to-date basis, the gains are nearly 2%."Gold's strength is fueled by the renewed tariff escalation by the US against key trading partners, including Brazil, the EU, Mexico, and Canada, reviving fears of disrupted global trade. Uncertainty over global growth and trade stability has reignited demand for safe havens," Jateen Trivedi, Vice President, Research Analyst - Commodity and Currency at LKP Securities, said. He said that the tariff unpredictability has pushed investors to hedge via precious metals and a rising inflationary outlook due to tariff-led price surges may support gold domestic factors, rupee movement against the US dollar will hold the key."The rupee has remained volatile due to uncertainty around India-US trade relations and overall global tariff impact. Fluctuations in USDINR are adding a mild premium to MCX Gold ," he has shown a constructive structure after bouncing from the Rs 96,000 – Rs 96,200 support zone. The price has managed to sustain above Rs 97,500 this week and is attempting a move past the consolidation band.-- Near-term support: Rs 97,200 – Rs 97,500-- Strong base support: Rs 96,000 on closing basis-- Immediate resistance: Rs 98,400-- Breakout zone: Rs 99,300 – Rs 99,500-- Next trend extension target: Rs 101,000A close above ₹98,400 will likely trigger bullish continuation toward ₹99,500+. Breakdown below Rs 96,000 (closing basis) will negate this bullish has recovered above 50, suggesting a shift in momentum. A sustained move above 55 will confirm bullish intent. The current level indicates buyers are gradually regaining control, with upside potential are narrow, indicating a volatility squeeze – a classic sign of an upcoming directional move. Price is currently riding the mid-band and nudging higher, hinting toward a potential breakout if Rs 98,400 is crossed.--EMA 8 (Red): Rs 97,800-- EMA 21 (Yellow): Rs 97,600Gold is now trading above both short-term EMAs, which are acting as dynamic support zones. A clean close above these averages sustains the buy-on-dips strategy. Flattening EMAs reflect ongoing consolidation, but bias remains the MACD lines are converging, the histogram has shown early signs of reversal from bearish to neutral. A bullish crossover in the coming sessions will confirm further price | Buy Zone: Rs 96,500 – Rs 96,800 | Stop Loss: Rs 95,400Targets:Target 1: Rs 97,800Target 2: Rs 98,500Target 3: Rs 99,500 (in case of breakout)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store