Uber Technologies Inc., co-founder Travis Kalanick has sold nearly a third of his 10 per cent stake in the company for about USD 1.4 billion. SoftBank completed its long-awaited investment agreement with Uber making it the company’s largest shareholder, and providing a huge payout for co-founder Travis Kalanick among other early backers. The former CEO owns 10 per cent of[Read More…]
The Ministry of Road Transport and Highways (MoRTH) recently signed an MoU with Transport for London (TFL). Looking to draw from TFL’s expertise and revamp the public transport architecture in the country, Union Minister Nitin Gadkari said, that the country needs a good transport policy to promote an efficient public transport system. Terming an effective public transport system as one[Read More…]
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…]
Pace Setter ZF Drives Forward Change with Innovative and Flexibile Implementation 
SIAM Deliberates on Policy Reforms for Automotive Taxation 
SIAM Highlights India’s Biofuel Push at 2025 Conference 
Refurbishing Industry Is Bouncing Back 
Decarbonisation and Digitalisation 
