Once MMLF is deployed, vehicles will not have to stop as overhead cameras across the lanes can read the vehicle registration number and deduct the charge from FASTag wallet linked to the vehicle. In a move that could reduce, if not end, the long queues at the Capital’s borders, agencies including Delhi govt, Municipal Corporation… Continue reading Physical toll booths at city borders to be removed
Author: Economic Times of India Online News
Trump to double steel tariffs to 50%
US President Donald Trump on Friday said he would raise tariffs on imported steel to 50 per cent, up from the current 25 per cent. The move, set to take effect on June 4, is expected to raise costs for global steel producers and expand the scope of his trade actions. “We are going to… Continue reading Trump to double steel tariffs to 50%
How this $7,000 EV is said to be busting the ‘biggest’ myth about cars in Japan
Updated On May 31, 2025 at 08:32 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals KG Motors A Japanese startup, KG Motors, is aiming to boost Japan’s electric vehicle (EV) market with an ultra-compact, affordable one-seater EV called the mibot, according to Bloomberg. Resembling a futuristic golf cart, the mibot is… Continue reading How this $7,000 EV is said to be busting the ‘biggest’ myth about cars in Japan
NDMC renews bid to pick agency for smart parking managment across 155 facilities
NDMC currently has a mix of off-street (118), on-street (33), and multilevel parking (four), including parking at the basement. New Delhi: New Delhi Municipal Council (NDMC) has initiated a fresh bid to select a specialised agency for implementing a smart parking management system across its 155 surface and multi-level parking facilities. Currently, two organisations have… Continue reading NDMC renews bid to pick agency for smart parking managment across 155 facilities
Brake through: Fatal accidents dip 15% on city roads
The efforts include road safety audits to detect faults in engineering, inadequate signage, and lack of lighting. These are addressed by liaising with concerned civic agencies. New Delhi: Fatal accidents and road deaths resulting from the mishaps across key traffic zones have dropped by nearly 15per cent in the first five months of 2025 as… Continue reading Brake through: Fatal accidents dip 15% on city roads
PAC voices worries about FASTags and highway toll hikes
FASTags not properly working, extra money charged by toll plazas and the quality of roads being constructed were some of the issues that drew concern from the members of Parliament’s Public Accounts Committee, its chairperson and Congress MP K C Venugopal said Thursday. The recent collapse of a part of a national highway in Kerala… Continue reading PAC voices worries about FASTags and highway toll hikes
JSW Steel flags risks from elevated Chinese exports
Chinese steel exports remain at an elevated level and the Indian players need to be watchful even as no surge has been seen in import bookings in the country, a JSW Steel official said. Replying to a question on imports during an investor call, JSW Steel Joint MD and CEO Jayant Acharya said, “Imports if… Continue reading JSW Steel flags risks from elevated Chinese exports
Cube Highways Trust declares total distribution of ₹11 per Ordinary Unit for FY25
Cube Highways Trust (Cube InvIT) said its consolidated income grew 12.3 percent to ₹3,453 crore in FY25. Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt Ltd, has approved a Distribution Per Unit (DPU) of ₹3.75 for the quarter, payable to ordinary unitholders. The total distribution for the quarter amounts to ₹500… Continue reading Cube Highways Trust declares total distribution of ₹11 per Ordinary Unit for FY25
India shines as bright spot for global steel industry: Jefferies Report
India shines as bright spot for global steel industry, says Jefferies Report India is emerging as a strong growth market for steel, standing out as the only large country to report meaningful volume growth between 2019 and 2024, according to a recent report by Jefferies. While global steel production fell one per cent during this… Continue reading India shines as bright spot for global steel industry: Jefferies Report
Tamil Nadu hikes pay for over 1 lakh transport staff
Basic pay for more than 1.09 lakh employees of Tamil Nadu’s state-run transport corporations will go up by 6 per cent with arrears paid in four quarterly instalments starting Sept 2024, as per the 15th wage revision settlement finalized on Thursday. The revision will benefit 48,000 drivers, 42,800 conductors, 13,000 workshop staff, and 2,500 others… Continue reading Tamil Nadu hikes pay for over 1 lakh transport staff