TRANSPORT ASSETS IN INDIA

A new report reveals that climate change poses a significant risk to South Asia's transport infrastructure, with USD 575 billion worth of assets, including USD 400 billion in India, vulnerable to climate hazards. The report emphasizes the urgent nee...

Malaysia's Petronas' clean energy arm, Gentari Sdn Bhd, is set to acquire a portion of Brookfield Asset Management's renewable energy assets in India. The deal is valued at $900 million and includes a 2.2 GW portfolio. This acquisition will signific...

IL&FS's infrastructure investment trust (InvIT) is gearing up to file an updated draft with Sebi, aiming to shift certain assets to the InvIT framework. This move is anticipated to address up to ?8,500 crore of the group's debt and is part of a larg...

Macquarie Asset Management plans to invest billions of dollars in India. The firm sees potential in energy transition, digital infrastructure, and real estate. India's projected 7% growth rate for the next decade is a key driver. Macquarie has alrea...

The Enforcement Directorate returned assets worth over Rs 185 crore to SBI-led banks defrauded by Surya Pharmaceutical Ltd. using fabricated documents for loans. The promoters, Rajiv Goyal and Alka Goyal, fled India and were declared proclaimed offe...

The US sanctions 18 firms and individuals, including two Indians, linked to a Houthi network transporting Iranian oil, which funds attacks on Israel and shipping disruptions in the Red Sea. The Treasury Department targets managing and technical dire...

Highways Infrastructure Trust has emerged as the highest bidder for monetising the 251.5 km toll operate transfer Bundle 16 under the National Highways Authority of India. The trust offered 6,661 crore for the project, which includes the Hyderabad-N...

Stocks in news: The domestic market edged higher for the second week, moving closer to record highs. Key shares like Trent, BEL, and LTIMindtree attracted attention due to index changes. Transport Corporation announced its first equity buyback. Ambu...

The government announced a new policy for extending the lifespan of ageing national highways through 'white-topping'. This method involves overlaying existing bituminous pavements with concrete. Expected benefits include reduced fuel consumption, lo...

The National Highways Authority of India intended to monetise $2.4 billion worth of road projects this fiscal year to reduce its $38 billion debt. The move aimed at cutting debt by fiscal 2025. The authority planned on continuing its asset monetisat...

The Ministry of Road Transport and Highways plans to award road contracts worth Rs 3 lakh crore within the next three months, aiming to close the financial year with contracts worth Rs 5 lakh crore. This determination comes despite a slow start to t...

IL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road assets with an enterprise value of Rs 8,000 to Rs 8,500 crore will be part of the trust. Units will be allocat...

India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural eco...

Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a...

Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.

Malaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from Brookfield Asset Management.

MG Motor India has partnered with Vertelo to supply 3,000 EVs, aiming for fleet electrification and robust charging infrastructure. The collaboration aligns with a vision for a green and sustainable future, accelerating the shift towards sustainable...

LetsTransport raised $22 million led by Bertelsmann India Investments, with key participation from various investors. The funds will support market expansion, business vertical scaling, and profitability goals. The startup aims to enhance logistics ...

Union Road and Transport Minister Nitin Gadkari declares ownership of three vehicles in his 2024 Lok Sabha election affidavit, including a 1994 Ambassador, a 2016 Honda CRV, and an Isuzu D-Max. With values listed, Gadkari also discloses his wife's v...