Gatik, a self-driving truck startup, has raised $200 million, marking its largest funding round to date. The investment was led by Qatar Investment Authority and Koch Disruptive Technologies, following a significant partnership with PepsiCo. This funding will accelerate Gatik's mission to revolutionize logistics with autonomous vehicles, enhancing efficiency in supply chains.
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Air India is seeking $1.5 billion in equity from Tata Sons and Singapore Airlines to combat significant financial losses. The airline reported a staggering $2.33 billion deficit last fiscal year, prompting this urgent funding request. This move highlights the ongoing challenges faced by Air India in stabilizing its operations and improving financial health.
Hyderabad Airport will now charge a User Development Fee (UDF) for arriving domestic and international passengers. This change, implemented by the tariff regulator, aims to better recover infrastructure costs by splitting charges between arriving and departing travelers. The new fee structure is expected to impact passenger experience and airport revenue.
A parliamentary panel recently visited CSIR-CFTRI in Mysuru to review innovative millet technologies. This initiative aims to enhance millet production and promote sustainable agriculture. The panel's focus on millet aligns with global trends towards healthier food options and food security. Stakeholders are optimistic about the potential impact on local farmers and the agricultural sector.