Highways Financial News

BMW is recalling more than 720,000 vehicles due to an issue with the water pump’s electrical connector that could potentially lead to a fire

Aviral Bhatnagar, who earlier led enterprise software and artificial intelligence investments for Venture Highway (now merged with US-based General Catalyst), has launched a Rs 100 crore fund to back early-stage Indian startups. The fund, launched by the new venture capital (VC) firm AJVC, will focus purely on pre-seed stage investments while being sector agnostic, he told ET. The development comes at a time when several new domestic funds and micro venture capital (VC) firms have come up in India. These investors back startups at a very early stage and write smaller cheques than established VC firms. The emergence of the micro VC funds, which are usually smaller and are single partner focused, have added to the diversity of risk capital investing in Indian startups. Other established micro VC firms include Vaibhav Domkundwar's Better Capital, deeptech-focused firm Java Capital, Delhi-based Sauce VC, which makes consumer sector investments, and $25 million enterprise software-focused Neon Fund.

₹2,400-3,000 crore, translating to ₹4-5 crore per MW, the people cited above said on the condition of anonymity. A potential acquisition would help India's largest private thermal power producer capitalize on the rising electricity demand in the country. "Adani Power is negotiating with CFM Asset Reconstruction Co.

startups in the electric two-wheeler segment — Ola Electric, Ather Energy and Greaves Electric (Ampere) — declined to 48.8% in the first quarter, from 59% in the year-ago period, as legacy manufacturers such as Bajaj Auto, Hero MotoCorp and TVS Motor Company expanded their footprint in the fast-evolving market. After starting from behind, the older companies accounted for about one of every three units sold in the category in the first three months of the current financial year. Overall, electric two-wheeler sales inched up by 1.4% to 221,548 units, according to the Federation of Automobile Dealers Association (FADA).

Bharat Petroleum Corporation plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of petrochemicals and green energy, its chairman G Krishnakumar has said. Bharat Petroleum Corporation Ltd (BPCL), currently, owns about 14 per cent of India's oil refining capacity and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. The firm is now implementing the first phase of a multi-decade aspirational journey in the form of 'Project Aspire' — its five-year strategic framework that is based on two fundamental pillars — 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. «Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing petroleum products and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital.

Ford is recalling approximately 85,000 Explorer Police Interceptor Utility vehicles because the engines may fail prematurely and possibly result in a fire

U.S. highway safety regulators have closed an investigation into complaints that suspension parts can fail on nearly 75,000 Tesla vehicles, and they won’t seek a recall

Independence Day celebrations, security has been beefed up across the country. As Prime Minister Narendra Modi will hoist the Tricolour at the Red Fort and address the nation on Thursday, Delhi police have deployed personnel around the Red Fort, and bomb disposal staff have been carrying out checking of the nearby vicinity of Red Fort with dogs. The Delhi Police have been taking advantage of artificial intelligence. Many CCTV cameras have also been installed. Special cameras were installed on the Door Frame Metal Detector (DFMD), which will be connected to the facial recognition system to keep a check on invitees coming to Red Fort on the occasion of Independence Day.

Ford and Mazda are warning the owners of more than 475,000 older vehicles in the U.S. not to drive them because they have dangerous Takata air bag inflators that have not been replaced

₹5686, up 9% over last year. The company has over 10,000 rooms across its 107 hotels.

Nelly was arrested early Wednesday at a St. Louis-area casino, and the Missouri Highway Patrol said an officer found four illegal ecstasy pills on him.

Zepto is set to raise another $310 million that will value the quick-commerce firm at $5 billion after the funding, a 40% jump from its last round closed just over a month ago, people in the know said. This will take the total funds raised to nearly $1 billion in two successive rounds for the three-year-old firm. It raised $665 million from a clutch of investors in late June, more than doubling its valuation to $3.6 billion from $1.4 billion in August last year. In a year, Zepto has seen a more than three-and-a-half-time spike in valuation, aided by the rapid rise in demand for quick commerce. Mars Growth Capital, co-run by Mitsubishi UFJ Financial Group Inc and Israel’s Liquidity Group, is set to participate in the next round joining US-based General Catalyst and other existing investors of the Mumbai-based firm for which a term sheet has now been signed, people briefed on the matter said.

Nitin Gadkari has issued a stern warning to Punjab Chief Minister Bhagwant Mann, stating that the National Highways Authority of India (NHAI) may have to cancel or terminate eight major highway projects in Punjab if the law and order situation does not improve. These projects, valued at Rs 14,288 crore, are under threat due to ongoing security concerns and delays. Gadkari's ultimatum comes in response to recent incidents affecting the construction of the Delhi-Amritsar-Katra Expressway. Reports indicate that engineers and workers have been attacked in Jalandhar and there have been threats of arson and violence against the project camp and staff in Ludhiana. Gadkari emphasised that the cancellation of even one segment of these greenfield corridors could render the entire project ineffective. In his letter to CM Mann, Gadkari outlined serious safety concerns for NHAI officers, contractors, and their employees. He also noted issues with pending land acquisition, and included photos documenting the assaults.

Nitin Gadkari was praised highly in Lok Sabha. The surprising part was Opposition members telling Gadkari that they “missed” him last week.

Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup

Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute

Nitin Gadkari highlighted in Rajya Sabha on Wednesday that within the next five years, India's aviation industry will use 20 per cent of Bio-aviation fuel. «Within five years our aviation industry will use 20 per cent of bio-aviation fuel, sustainable aviation fuel and that is to be starting it from parali (Stubble) and the farmer will get the rate of Rs 2500 per ton for it» said Gadkari during a reply in Rajya Sabha. The minister also highlighted that now the highway ministry is using bio-bitumen in the construction of roads which is helping India in reducing the imports of the Bitumen. Bio-bitumen is a bio-based binder derived from renewable sources like crop stubble and is used to bind the surfaces of paved roads.

transition towards EVs in India is range anxiety and the limited number of public chargers.JSW MG Motors also announced other initiatives like a connectivity platform with Jio and an EV education platform.India's upcoming FAME-III scheme is expected to support charging networks. FAME is short for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India.Additionally, officials at the heavy industries ministry are discussing a national charging policy.

Strathmore RCMP issued a dangerous person alert for Wheatland County on Monday over what it called two armed and dangerous suspects.

highways authority said on Tuesday it plans to monetise up to $2.4 billion worth of road projects in the current fiscal year ending March through an infrastructure investment trust route as it looks for ways to reduce its massive debt. The state-owned National Highways Authority of India (NHAI) has an outstanding debt of 3.2 trillion rupees ($38 billion) and is betting on leveraging assets through infrastructure investment trusts to repay its loans. «With this, the overall debt liability of NHAI is expected to further reduce to around 3 trillion rupees at the end of fiscal 2025,» it said in a statement.

rescue operations are currently underway in flood-affected Samej village near Rampur in Shimla district following catastrophic cloudbursts in different areas of Himachal Pradesh. A catastrophic cloudburst recently struck Himachal Pradesh, causing widespread devastation and destroying different areas of the hill station, including Samej village. On Monday the Lahual Spiti Police said that due to a flash flood near Zinzing Bar on National Highway 3, the road has been blocked. Restoration is ongoing but all traffic is halted at Sarcha and Sarch till the post is cleared.