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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Bengaluru Airport to Electronics City in just 19 minutes: Electric flying taxis to launch soon with Rs 1,700 fare
Bangalore International Airport Limited (BIAL) to introduce electric vertical take-off and landing (eVTOL) aircraft for urban mobility. The electric flying taxis are expected to cut down travel time and reduce vehicular pollution in Bengaluru, a city often plagued by long traffic delays, especially during the rainy season.
Seven-seater Flying Taxis: Fare and other details
Sarla Aviation's seven-seater electric flying taxis are expected to reduce travel time significantly. One of the proposed routes is between Bengaluru Airport and Electronics City, a 52-kilometer stretch that could be covered in just 19 minutes, compared to the current travel time of nearly three hours during rush hour. The fare for this service is expected to be Rs 1,700.
«We aim to redefine urban air transport with operational efficiency, reduced carbon emissions, and scalable infrastructure. Our electric flying taxis will set new benchmarks in reliability and performance, aligning with global standards for sustainable aviation,» Co-founder and CEO of Sarla Aviation, Adrian Schmidt, told PTI.
Flying Taxis soon in Delhi, Mumbai
Sarla Aviation plans to initially focus on four of India’s most congested cities: Bengaluru, Mumbai, Delhi, and Pune. The company aims to make electric aerial taxis affordable and accessible to the public.
Waiting for regulatory approval
While the plans are promising, the electric flying taxi service in Bengaluru is still awaiting regulatory approval and could take up to three years to become fully operational. Sarla
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
UPS
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Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
CEO
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Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
21.05 / 09:47
markets
IPO
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SpaceX, Anthropic and OpenAI’s sprint to go public defines the AI boom’s big day
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21.05 / 09:47
markets
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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21.05 / 09:47
markets
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‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
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21.05 / 08:45
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Secured credit cards: Unlocking credit and building a credit score for millions
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21.05 / 08:45
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
21.05 / 08:45
UPS
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Why Dixon, Syrma and Kaynes are moving beyond smartphones: margin pressure
Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
