Highways Financial News

Hyundai is recalling more than 90,000 Genesis vehicles due to a fire risk and owners are advised to park outside and away from structures until a repair is completed

A passenger jet with 106 people on board had to return to the Belgrade airport after it hit runway equipment and sustained severe damage shortly after takeoff from the Serbian capital

A former truck driver responsible for a fiery crash that killed four people on Highway 440 in Laval back in 2019 has been found guilty of criminal negligence causing death.A Quebec Superior Court judge said that 57-year-old Jagmeet Grewal demonstrated a clear pattern of disregard for the life and safety of others, and that he should have never even been at the wheel of a 53-foot-truck in the first place.Reading out her decision in front of Grewal, victims and their families, Judge Yanick Laramée said the driver was not paying attention at the wheel of his tractor trailer on the afternoon of Aug. 5, 2019.

SRINAGAR : Authorities have closed the Srinagar-Leh Highway for vehicular movement due to snow accumulation at Baltal in Jammu and Kashmir's Ganderbal District. Baltal is a camping ground for pilgrims, 75 km from Ganderbal and 93 km from Srinagar. It is located 15 kilometres to the north of Sonmarg.

BJP's White Paper against the UPA government and the party claimed that the Dr. Manmohan Singh-led government compromised macroeconomic stability while the infrastructure sector was seriously neglected. "The banking crisis in 2014 and the total amount at stake we huge.

Taipur village, drives to Khanauri to offer langar to thousands of farmers settled on the Punjab-Haryana border. He doesn't count how many meals he and his fellow villagers cook. «We start langar at around 10 am and go on till midnight.

Farmers are blocking highways and holding demonstrations in many rural areas in northern India to protest over a range of grievances that have also led tens and thousands to march toward the capital

payments at the 247 toll stations where the 'acquirer' is Paytm Payments Bank, the entity that was barred from accepting deposits in a regulatory clampdown last month, people aware of the development said. Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank and Kotak Mahindra Bank are among the nine banks that have been authorised by Indian Highways Management Company Ltd-under National Highways Authority of India (NHAI)--and are being considered for rollover from Paytm Payments Bank, the people cited earlier told ET. The 247 toll plazas managed by Paytm Payments Bank account for about 14% of the country's daily national highway toll collection, which is ₹ 190 crore on average. Here an «acquirer» is a bank or financial institution that processes payments (FASTag) at the toll plazas on behalf of the issuing bank, and also routes them through the payment networks to the issuing bank. NHAI pays the acquirer bank at a toll station 0.13% of the daily collection as programme management fee.

General Motors is adding about 350,000 miles, or about 563,000 kilometers, of roadways in the U

Truckers are staging protests on busy highways outside of Mexico City to protest the wave of killings of drivers during highway robberies

Volkswagen Group-backed Scout Motors is celebrating the start of construction on its $2 billion electric SUV plant in South Carolina

Greek farmers angry at high production costs say they will step up a roadblock campaign and take their protests to Athens, after rejecting government-proposed concessions

Waymo is issuing a recall for the first time due to a software concern after two of its self-driving vehicles hit the same pickup truck that was being towed

Jyoti Gondek, Calgary’s mayor, is the latest politician to raise concerns over comments made Monday by federal Environment Minister Steven Guilbeault in which he reportedly said his government “has made the decision to stop investing in new road infrastructure.”

Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.

debt to expedite the purchase of stressed loans, said people with knowledge of the matter. The ARC has initiated talks with private and government-owned banks to raise five-year debt, preferably in the form of non-convertible debentures (NCD). The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier. The fundraise would enable NARCL to acquire about ₹20,000 crore bad loans from banks. NARCL did not respond to ET's request for comments.

By David Shepardson

Nitin Gadkari inaugurated and laid the foundation stones for 28 national highway (NH) projects worth Rs 6,600 crore in Odisha. Though his visit to Odisha was cancelled at the last minute, Gadkari launched these projects virtually. Among the inaugurated projects were a 79km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 1,203 crore, and a 78km six-lane road from Chandikhol to Bhadrak on NH-16, costing Rs 2,035 crore. Additionally, the minister laid the foundation stones for 26 other road infrastructure projects in the state. During the event, Gadkari highlighted the significant progress in national highway development in Odisha since 2014.

Alphabet's Waymo had recalled as many as 444 vehicles to update its automated driving systems (ADS) software, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. The ADS systems, which had versions released prior to Dec. 20, may inaccurately predict the movement of a towed vehicle, according to the agency.

Both a Minnesota man testing a snowmobile for his employer and the company have been cited for reckless driving after the machine slammed into a sled dog team and killed three dogs in December

Steven Guilbeault insists the federal government is funding new road projects, despite comments earlier this week suggesting otherwise which have infuriated Conservative premiers.On Monday, the environment minister told a crowd in Montreal “our government has made the decision to stop investing in new road infrastructure,” according to quotes published in the Montreal Gazette.“There will be no more envelopes from the federal government to enlarge the road network. The analysis we have done is that the network is perfectly adequate to respond to the needs we have.”When pressed by reporters two days later, Guilbeault said he “should have been more specific.”“Of course we’re funding roads,” he said Wednesday.