In December 2019, the Union Cabinet had given nod to the NHAI to set up an InvIT and monetise national highway projects. NEW DELHI: The National Highways Authority of India (NHAI) on Monday filed draft papers with markets regulator Sebi for floating an Infrastructure Investment Trust (InVIT) through which it seeks to raise Rs 5,100… Continue reading NHAI files papers with Sebi for InvIT; plans to raise Rs 5,100 crore
Author: Economic Times of India Online News
Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra
Oye Rickshaw has earlier raised around Rs 60 crore from investors such as Chiratae Ventures, Matrix Partners, Xiaomi, and Pawan Munjal group. NEW DELHI: Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised Rs 24 crore from Alteria Capital to expand smart lithium-ion batteries swapping stations across India. The startup has… Continue reading Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra
Mahindra’s new CEO seeks to revive growth at $19 billion group
Shah is also looking beyond automobiles for growth, with plans to venture into digital startups that have potential to grow into unicorns. Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief… Continue reading Mahindra’s new CEO seeks to revive growth at $19 billion group
NHAI pays Rs 693cr to settle two IL&FS road projects
The non-banking finance company’s asset under management stood at Rs 18,000 crore which includes external, internal loans and internal investments. Mumbai: The National Highway Authority of India (NHAI) has paid Rs 693 crore to IL&FS Transportation Networks (ITNL) as compensation for contracts related to Kiratpur Ner Chowk Expressway (KNCEL) and Chenani Nashri Tunnelway (CNTL). The… Continue reading NHAI pays Rs 693cr to settle two IL&FS road projects
Suez Canal Authorities say backlog of ships is now cleared
The queue of hundreds of ships that built up around the Suez Canal after the grounding of the Ever Given vessel has been cleared, according to Egyptian authorities. The final 85 ships passed through the waterway on Saturday, the Suez Canal Authority said on its Facebook page, adding that the operation demonstrated its ability to… Continue reading Suez Canal Authorities say backlog of ships is now cleared
Repeat traffic offenders can now be named and shamed
Sources said the enabling provision to “name and shame” repeat offenders who pose risk to their lives and that of other road users has been made to promote responsible driving. NEW DELHI: Now repeat offenders of traffic offences like drunk driving, speeding, racing, dangerous driving and even for not wearing helmets face the risk of… Continue reading Repeat traffic offenders can now be named and shamed
Nitin Gadkari warns contractors and officers against poor quality work
NHAI sources said that there has been a lot of focus on addressing this issue of poor workmanship in fixing the expansion joints on bridges and flyovers. NEW DELHI: Union road transport and highways minister Nitin Gadkari has warned road contractors and officials against compromising with the quality work while installing expansion joints on bridges… Continue reading Nitin Gadkari warns contractors and officers against poor quality work
Logjam deepens at the world’s ports as pandemic strikes shipping
Commodities information provider S&P Global Platts said vessels were also logjammed in Singapore, the world’s busiest container transshipment port, and that sailing-schedule reliability was at a 10-year low. Lianyungang: Towering cranes work overtime swinging containers from cargo vessels in the eastern Chinese port of Lianyungang, racing to keep ahead of a perfect storm unleashed by… Continue reading Logjam deepens at the world’s ports as pandemic strikes shipping
Vax drive, earnings growth to determine market’s FY22 trajectory: Report
Besides, the report cited that all sectors delivered positive returns in FY21. “Top gainers in the sectoral space were Metals, Autos, Technology, Real Estate and Private Banks while Consumer underperformed,” Mumbai, Vaccination drive along with earnings growth will determine India’s stock markets’ trajectory in FY22, said Motilal Oswal Financial Services Ltd. (MOFSL). “As we step… Continue reading Vax drive, earnings growth to determine market’s FY22 trajectory: Report
US factories desperate for workers, even as ranks of jobless remains high
The shortage comes at a time when US President Joe Biden’s administration has vowed to ramp up domestic manufacturing as part of a broader economic revival plan aimed at creating more blue-collar jobs. NEW DELHI: Matt Arnold just spent $5,000 to run help-wanted ads for his company’s five trailer factories scattered from Pennsylvania to Utah.… Continue reading US factories desperate for workers, even as ranks of jobless remains high