In a bid to reduce the number of fatalities in road accidents, the union minister of road transport, highways and shipping Nitin Gadkari is claimed to have said that the centre is studying various proposals including the identification of accident prone spots. His ministry, Gadkari is known to have said, has drafted a Rs.12,000 crore scheme to improve the condition[Read More…]

At a function organised in the parliament complex, prime minister Narendra Modi gifted two electric buses to the members of parliament. The electric buses were handed over to the Lok Sabha speaker Sumitra Mahajan in the presence of road transport and highways minister Nitin Gadkari. The buses have been developed by KPIT, Pune, in consultations with the Central Institute of[Read More…]

Petronas Lubricants International (PLI) has launched its lubricant blending plant in Maharashtra Industrial Development Corporation (MIDC) belt at Patalganga. With an investment of USD 50 million, PLI is looking to pitch itself as a serious contender in India’s lubricant market, estimated to be 2.5 billion litre strong. Built on 25 acres of industrial land, the plant is expected to commence[Read More…]

Tech Mahindra and Mahindra & Mahindra (M&M) have jointly entered into an agreement with Pincar S.r.l, to purchase a controlling stake in Pininfarina S.p.A, the Italian brand known for its automotive and industrial designs. The purchase of controlling stake will be carried out by a Joint Venture (JV) company. Tech Mahindra will hold the 60 per cent stake in the[Read More…]