Monday , 17 February 2020

News

iQuippo launches digitise co-lending platform

iQuippo, India’s first digital marketplace for infrastructure equipment, today launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs. The state-of-the-art platform now offers its customers an option to choose offers from different financial institutions; it also negotiates with them online on behalf of the financial ...

Traffic Sensors market to reach $434 mn by 2025: Research

According to an industry research report, the global traffic sensors market is expected to reach $434 million by 2025, up from the currently valued $271.97 million markets. According to the research report, increasing awareness of the adverse effect of road accidents is compelling several cities to implement sensor-based smart traffic signals. According to the report, installation of traffic sensors will ...

Asian Development Bank to aid Chennai Metro

The Asian Infrastructure Investment Bank (AIIB) will aid the second phase of the Chennai Metro project. ADB will fund Rs 2,306Cr to commence the 18-km long elevated structure of the project. The 18-km stretch between Meenakshi College and Poonamallee bypass is part of 26.1 km corridor of Chennai Metro’s phase 2 which will connect from Light House to Poonamallee Bypass. ...

FASTag Payments from Dec

From December 1, payments at all the toll plazas will be through FASTag only. Cash payments will no longer be accepted. Against this backdrop, officials of the National Highway Authority of India (NHAI) have appealed to four-wheeler owners to get the FASTag from the toll plaza operators. The FASTag will be available at all the toll plazas, online purchase sites ...

Hyundai commence study for smart mobility in India

South Korean auto major, Hyundai, has announced the commencement of the feasibility study for fuel cell electric vehicles (FCEV) in India. The announcement was a part of Hyundai’s Strategy 2025 roadmap and their quest to be a smart mobility solution provider from just a vehicle manufacturer. The company aims to electrify most new models by 2030 in important markets South ...

Punjab signs MoU with Virgin Hyperloop One

The Punjab government signed a memorandum of understanding (MoU) with Dubai-based Virgin Hyperloop One to conduct a pre-feasibility economic study for Amritsar-Ludhiana-Chandigarh routes. According to Virgin Hyperloop One, the project will reduce travel time from five hours by road to less than 30 minutes on the Amritsar-Ludhiana-Chandigarh route. The memorandum of understanding (MoU) was signed by K Siva Prasad, Principal ...

Four-level Transportation Structure in Nagpur

Maha Metro Nagpur is poised on solving the traffic woes. The proposed four-layer structure spanning around 8km is expected to be an iconic transportation structure. The country’s first four-layer transport is all set to come up in Nagpur. Maha Metro Nagpur which is executing the Nagpur Metro rail Project is executing the project, which involves a fly-over and Metro track, ...

Mobile Training fleet on BS-VI technology

Cummins India has launched the first fleet of eight BS-VI mobile training vans in India. The objective behind the launch of these vehicles is to educate and offer training on the BS-VI technology engines. The vans will be travelling to multi-cities across the length and breadth of the country. The Cummins training vans will be travelling to OEM dealerships and ...

EV’s in Kolkata by 2030

Upping the ante in the electric vehicle sector, the transport department of Kolkata has prepared a roadmap for switching to electric mode in the public transportation sector in the metro city by 2030. The move was made after Kolkata recently bagged the prestigious C40 award in Copenhagen for green mobility – low carbon commute transition. In this regard, Narayan Swaroop ...

Chandigarh drafts EV Policy

To cater to the rising interest in electric mobility across India, Chandigarh administration has chalked out a draft Electric Vehicle Policy. Chandigarh has the highest density of vehicles in India with appx 1.2 million vehicles taking to the streets daily. The emissions from these are impacting the Union Territory’s air quality. As per a proposal by the Ministry of Urban ...

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