Transport Minister to unveil 100% ethanol-powered Innova

25 Aug 2023 CW Team

The Union Road Transport and Highways Minister has announced the launch of a 100% ethanol-fueled variant of Toyota's Innova car on August 29. Advocating alternative fuel and green vehicles, he previously introduced the hydrogen-powered Toyota Mirai EV. The upcoming Innova model will be the world's first BS-VI (Stage-II) electrified flex-fuel vehicle.

Expressing interest in biofuels since 2004, the Minister believes biofuels can significantly reduce foreign exchange spent on petroleum imports, contributing to India's self-reliance. He emphasises the need for more sustainable actions to combat pollution and protect the environment. The Minister also highlighted the completion of various road projects worth Rs 650 billion , including the Dwarka Expressway, by year-end.

Additionally, he underlined the adverse effects of chemical fertilisers and pesticides on health and promoted organic farming for sustainability. The Minister aspires to lower logistic costs through increased highway construction.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..