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LOCO FUNDING
Advanced version of Kavach ready for commissioning on 324 km of Mathura-Kota section: VaishnawThe government informed Parliament that Kavach 4.0, an advanced automatic train protection system, is ready for commissioning on the 324 km...- Railway Ministry allocates Rs 1,112.57 cr for Kavach in 2024-25: VaishnawIndian Railway Minister Ashwini Vaishnaw disclosed that Rs 1,112.57 crore was set aside for installing the ATP system Kavach in 2024-25. So...
- Safety first: How well can Kavach protect you during your train travel?Kavach—which has been deployed in 1,465 route km on South Central Railway (Telangana: 684 km, Andhra Pradesh: 66 km , Karnataka: 117 km, Ma...
- Gaming focused VC Lumikai unveils Fund II, eyes $50 million corpusThe so-called Fund II follows Lumikai’s first fund that raised $40 million in 2020, a year after its inception. It has backed startups like...
- Loco raises $42 million in funding led by Hashed, Catamaran VenturesThe company will invest in strengthening the content side, as well as in technology development around areas like Web 3.0 and blockchain, L...
- LocoNav rolls out ESOP and equity buyback scheme worth $3 millionAround 50 existing and former employees will be eligible to participate in this ESOP round and liquidate part of their vested ESOPs. Locona...
- Pocket Aces elevates Aditi Shrivastava to CEOPocket Aces has three lines of business, social distribution, which houses social media channels like FilterCopy, Dice Media, and Gobble; C...
- ETtech Deals Digest: Veg, Non-VegIn this week’s ETtech Deals Digest: Online meat vendor Licious raises $19 million in a Series F round; Green grocer Fraazo receives $15 mil...
- LocoNav raises $37 million in funding from Sequoia India, othersLocoNav, a fleet management solutions company, will use the funding to expand into other markets, build partnerships and make strategic acq...
- Game streaming platform Loco raises $9 million from Krafton, LumikaiFollowing the fundraise, Loco will be spun off as a separate entity from Pocket Aces. Founders Anirudh Pandita and Ashwin Suresh will lead ...
- Locobuzz gets pre-Series A funding from SIDBI Venture CapitalMumbai-based Locobuzz is a software-as-a-service (SaaS) startup that helps B2C brands with real-time analytics, consumer experience automat...
- Suburban rail: Time slots an issue at Cantonment railway stationThe MP, in a letter to the Divisional Railway Manager said he was willing to release funds to upgrade the infrastructure to upgrade the ser...
- Rail locomotives from Japan stuck on pricing frontThe railways was supposed to award the contracts for loco procurement by December end, last year but the pricing issue has delayed it furth...
- Rail projects in Bihar put on fast track with Assembly elections around the cornerThe projects on the PM’s review radar are the two major rail-cumroad bridges on Ganga—one at Digha, in Patna, and the other in Munger.
- Railways: Procurement process for high-powered locos gets tractionThe railways has kickstarted the process to award contracts for the same with the projects to involve its existing Dankuni unit and the pro...
- Gowda’s railway board revamp plan to trigger turf warGowda's first budget betrays the influence of the mechanical department — one of the biggest and most important departments in the railways...
- Bombardier, Siemens, GE, Alstom, EMD at war over Rs 40,000-cr locomotive marketIndia has become an exciting market and companies are now gearing up to grab the huge contracts.
- Railways to procure 200 high HP electric locos for dedicated freight corridorRailways have decided to procure 200 high horse power (HP) electric locomotives including import of 40 locos from Japan.
- Lalu for private partnership to modernise RailwaysBig-ticket investments such as the dedicated freight corridor, track renewals and state-of-the-art rolling stock production units have been...
- Coming soon: Lalu's locos for Sonia's coachesIt seems rail minister Lalu Prasad Yadav has got a sound bargain from the UPA government. He would have a rail coach factory built at Rae B...
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