Archive for February, 2018

NHAI projects to yield Rs.1.25 lakh Cr

NHAI projects to yield Rs.1.25 lakh Cr

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…]

by February 18, 2018 News
Transport minister bets on bio-fuels

Transport minister bets on bio-fuels

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…]

by February 16, 2018 News

Delhi e-bike taxi starts operations

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…]

by February 16, 2018 News

Brenntag to acquire Raj Petro Specialities

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…]

by February 16, 2018 News