The National Highway Authority of India’s bond issuance is likely to be out in March or April 2018. This was revealed by union road transport minister Nitin Gadkari according to industry sources. Sources claimed that the government was looking at NHAI to use its surplus funds before embarking on the bond issue. The funds allocated for infrastructure development in Budget[Read More…]
In the wake of the firming international crude prices, the union government is pushing for greater usage of biofuels claim industry sources. They draw attention to a statement by Union transport minister Nitin Gadkari to use biofuels in order to reduce India’s annual oil import bill of Rupees-seven lakh crore. The minister put the onus on local automakers to make[Read More…]
A brainchild of Nikhil Malik, Karan Chadha, and Pawneesh Rampal, Pillion Rides has begun operating in Delhi. Claiming to be Delhi’s first battery operated bike taxi, the Pillion Rides e-bike taxi is an on-demand commuting service that aims to seize the last mile connectivity issues in Delhi and other parts of the country. Conforming to the ‘Go Green’ motto, Pillion[Read More…]
Brenntag has signed a joint venture agreement with Raj Petro Specialties to acquire it. Brenntage will acquire a 65 per cent stake in Raj Petro Specialities as the first step, beginning April 2018. The remaining 35 per cent stake will be acquired by Brenntag over the next five years. The acquisition of Raj Petro Specialities is expected to help Brenntag[Read More…]
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