RIL acquires majority stake in skyTran Inc
Reliance Strategic Business Ventures Limited ...
"We firmly believe that non-polluting high speed personal rapid transportation systems will help facilitate environmental sustainability through efficient use of alternative energy and make an impactful reduction in air and noise pollution," he added.
skyTran is a technology company incorporated under the laws of Delaware in the US in 2011. It has developed breakthrough passive magnetic levitation and propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally. The technology has been developed by skyTran to create smart mobility solutions, said a company statement.
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EDITOR'S DESK, Dec 2024
Christopher Wray, ironically appointed by President Donald Trump in August 2017 as the FBI Director for a 10-year term, is on his way out. In December he announced that he’d resign at the end of President Joe Biden’s tenure, something that President-elect Trump has welcomed. The jury is still out on whether Wray was committed to the highest principles of dignity and professionalism...
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