Infrastructure – pressnews

Budget 2024: Govt commits to boost electric vehicle ecosystem through infrastructure support

1Feb

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Technology

Budget 2024: Govt commits to boost electric vehicle ecosystem through infrastructure support

[ad_1] Finance Minister Nirmala Sitharaman, in her Budget 2024 speech today, declared that the government aims to bolster the electric vehicle (EV) ecosystem by providing support to both charging and manufacturing infrastructure across the country. In her pre-election Budget - technically a vote on account and commonly referred to as an interim Budget - Sitharaman emphasised the encouragement of electric buses for public transport networks as a pivotal aspect of this strategy."Our government is committed to expanding and fortifying the e-vehicle ecosystem by actively supporting manufacturing and charging infrastructure," stated the finance minister. Additionally, she highlighted the intention to promote the adoption of electric buses in public transport networks through the implementati...

Nokia CEO says carriers face substantial 5G investment needs

21Jul

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Technology

Nokia CEO says carriers face substantial 5G investment needs

[ad_1] The chief executive of Nokia Oyj signaled that a near-term decline in operator demand for 5G gear in a worsening economy will turn out to be a passing phenomenon given a “substantial need” to invest in those networks globally.Nokia on Thursday reiterated that challenges stemming from a deteriorating economic outlook and customers working through existing inventory intensified in the second quarter and are set to continue in the second half. It had made similar remarks last week when cutting its full-year guidance. “We are of the opinion that this has to be a question of timing because data traffic continues to grow 20 to 30% per year globally,” Chief Executive Officer Pekka Lundmark said in an interview. “In Mobile Networks there is still substantial need for operators to invest ...

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says

11Jun

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Technology

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says

[ad_1] Elon Musk's refusal to pay Twitter's rent contributed to the surge in commercial real estate loan delinquencies that Goldman Sachs Group Inc. faced in the first quarter, the Financial Times reported.Twitter stopped paying its rent in November and Musk, the world's richest man, told employees he doesn't intend to restart payments or cover those past due, the FT said, citing lawsuits. Columbia Property, which is suing Twitter over the missed payments, defaulted on the loan in February. The value of Goldman loans to commercial real estate borrowers behind on repayments climbed 612% in the first quarter to $840 million, the FT said, citing filings. That compares with a 30% increase to more than $12 billion for the entire US banking industry, the newspaper said. Columbia Property decl...

Video Shared By Chinese Official Shows How Reversible Lanes Help Decongest Traffic In Beijing

1Sep

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Latest

Video Shared By Chinese Official Shows How Reversible Lanes Help Decongest Traffic In Beijing

[ad_1] The video shows adjustable road dividers changing the "direction of traffic".Major cities across the world often face long traffic hours, perhaps that is why innovations that solve the problem instantly grab eyeballs on the internet. Now, one such innovation gaining traction online shows how China uses adjustable road dividers to change the "direction of traffic". Taking to Twitter, Chinese Foreign Ministry spokesperson Hua Chunying on Wednesday shared a fascinating video which showed the working of reversible lanes that help improve traffic flow in China. "Here's how they do it. The traffic authority selects a lane to go one direction in the morning and the opposite direction in the evening to release peak pressure," Ms Chunying explained in the caption. Watch the video below: #C...