Bengaluru-based two-wheeler electric vehicle manufacturer Ultraviolette Automotive on Monday announced that it has raised $15 million in its Series C funding from TVS Motor Company and SaaS major Zoho Corporation. TVS Motor Company, which has been an early backer of the company, has led the investment in this round. Ultraviolette, which is setting up its […]
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EV start-up Oben raises $1.5 mn to launch 100% homegrown electric bike
Electric vehicle (EV) start-up Oben has raised $1.5 million in a seed round from We Founder Circle and other investors. Founded by husband-wife duo, and IIT Kharagpur and IIM Bangalore alumni, Madhumita Agarwal and Dinkar Agarwal, the company is developing electric 2-wheelers in-house with indigenously developed components. The EV start-up said its electric bike runs […]
Sterlite Power to expand transmission projects in Brazil for Rs 250 cr
Sterlite Power Transmission Ltd’s Brazilian arm Sterlite Power Brasil plans to expand projects in two regions of Brazil with a capital expenditure of Rs 250 crore, a statement said on Monday. Sterlite Brazil Participaes S.A. (Sterlite Power Brasil), a subsidiary of Sterlite Power Transmission, is preparing to to expand transmission and substation projects in the […]
Fitch lowers outlook on ReNew Power rating to Stable on slower deleveraging
Rating agency Fitch has revised the outlook on India-based ReNew Power Private Ltd’s Long-Term Issuer Default Rating from “positive” to “stable” on a slower pace of deleveraging for ReNew than expected earlier. It affirmed the rating at ‘BB-‘ as well as the ratings on ReNew’s outstanding senior secured US dollar notes at ‘BB-‘. The outlook […]
Big decline in China’s BRI investments, cash grants to Africa: Report
Investments in China’s much-touted Belt and Road Initiative (BRI) have fallen by 54 per cent since 2019 and Beijing is no longer doling out hard cash for projects in Africa, amid criticism over infrastructure debt and loan defaults, according to a think-tank report. The BRI is a multi-billion-dollar initiative launched by Chinese President Xi Jinping […]
Nizam’s city just four hours away from Mumbai
Mumbai: Imagine travelling to The city of Nizams in just four hours from Mumbai. It isn’t a far-fetched dream but a reality in the making. A detailed project report (DPR) is being prepared for the proposed Mumbai-Hyderabad high speed rail corridor by National High Speed Rail Corporation Limited (NHSRCL), a subsidiary of Railway Ministry formed […]
Pune division: Cleanliness, water, maintenance top complaints of passengers on-board Railway trains
PUNE Passengers on trains in the Pune division have registered the maximum number of complaints while “on board” as regards coach cleanliness, water and maintenance-related issues. To analyse these complaints and find a permanent solution, the Central Railway (CR), from December 2, 2021, started a dedicated IT cell. The main objective of this cell is […]
Blocked highway sections at Singhu, Ghaziabad may reopen in Jan: NHAI
The portions of Delhi-Meerut Expressway (NH9 аnd NH24) at the Delhi-Ghaziabad border and National Highway 44 at Singhu border that were shut for over a year due to the farmer’s protest will be opened for public from next month (January 2022), senior officials of the National Highways Authority of India (NHAI) said on Sunday. Officials […]
US study validates Narendra Modi’s green energy goal
India would be able to cut electricity costs, meet its doubling power demand and reduce emissions if it meets its target of installing 500 gigawatts of renewable energy by 2030, and without having to shut down polluting coal- and gas-based power plants, says a new US study released on Thursday. But there are conditions to […]
After stir in Delhi, farmers launch 4-hr rail roko in Punjab
After returning from Delhi borders, the farmers and farm labourers in Punjab opened front against the Congress-led State Government on Sunday. Supported by the farmers, various unions of the farm labourers in Punjab held rail roko agitation, disrupting rail traffic at several places, for four hours seeking loan waiver, among other demands. At the same […]
CCL official awarded for his excellent work
The State-run Central Coalfield Limited (CCL) employee working as Chief Manager (Personnel cum Corporate Social Responsibility), Sanjay has been awarded by Member of Parliament Odisha and former Union Minister, PC Sarangi on the occasion of Human Rights Day at Constitution club New Delhi for his excellent work. Sanjay has vast experience in the field of […]
NTPC’s 21 Km conveyor belt construction work in pace
Construction work of 21 kilometer conveyor belt for transportation of coal is being done by NTPC in other blocks including Barkagaon working in Hazaribagh district and currently its trial and testing work is going on and this process will continue for some more time.Contractors will be hired by the contractor only after the trial and […]