The Mahindra Group has entered into a global alliance with Spain?s CIE Automotive S.A. The alliance will be between Systech Sector, Mahindra group?s automotive component company and the Spanish company. This will see the setting up of an automotive component group with a global presence. The new company will be known as Mahindra CIE. The expected areas of operation will ...

The Central government has placed the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC), which involved the initial budgetary support worth `5,749cr, on the fast track. The project will be the second of its kind, after the Delhi-Mumbai Industrial Corridor. It will be aligned to the Eastern Dedicated Freight Corridor and will be spread across 20 cities in seven states passing through Punjab, Haryana, ...

The Jammu and Kashmir government will set up control rooms at the offices of Chief Engineers of major road projects in the state to monitor their progress and resolve issues. Control rooms will be set up in the offices of Chief Engineers of Pradhan Mantri Gram Sevak Yojana (PMGSY), Roads and Borders (R&B), Mechanical Engineering Department (MED), Jammu and Kashmir ...

The Delhi Metro Rail Corporation (DMRC) has started tunnelling work on the 5.5km long underground Hazrat Nizamuddin ? Lajpat Nagar stretch on the Mukundpur (Majlis Park) ? Shiv Vihar corridor which is a part of Phase III of the Delhi Metro. The corridor will provide direct connectivity to the Sarai Kale Khan Inter State Bus Terminus (ISBT) and the Hazrat ...

The Reserve Bank of India has allowed holding and core investment companies to generate resources through the external commercial borrowing (ECB) route for investment in special purpose vehicles (SPVs) established exclusively for developing road infrastructure projects. As per the RBI norms, the ECB proceeds have to be invested either for fresh capital expenditure (capex) or for refinancing of existing rupee ...

Himachal Pradesh will get funding from the World Bank for the second phase of its road projects. The Bank has however outlined conditions for the funding. These include setting up of an independent agency to oversee the projects and their implementation within a fixed time frame. It has proposed giving functional autonomy to the Himachal Pradesh Road and Infrastructure Development ...

Kochi Metro has secured complete funding for the ?5,200cr project. The Metro, which is expected to be commissioned by 2017, will get a ?1,170cr loan from Canara Bank while Agence Fran?aise de D?veloppement (AFD) – a French government-supported financial aid agency that supports infrastructure projects in developing countries ? has pledged ?1,525cr.? ?1,000cr will be given by the Japan International ...

Boston in the US has installed two new traffic management systems – Smart Parking Sensors and Time to Destination Signs ? in Innovation District to better manage traffic. The smart parking sensors inform drivers about the available parking spaces on the street while Time-to-Destination Signs guide them to the quickest route to take out of the Innovation District to the ...

Hamburg, Germany, is currently working on a plan that would eliminate the need for cars within the next 15-20 years, making the city a greener, healthier and more pleasant place to live. The city?s proposed Gr?nes Netz or ?Green Network? will create pedestrian and cycle paths to connect the city?s existing, substantial green spaces, and provide safe, car-free commuter routes ...

German carmaker BMW has joined hands with INRIX to introduce the industry?s first in-car intermodal navigation system in the former?s i3 and i8 electric vehicles. The navigation system will integrate local public transport connections into journey planning. It monitors real-time traffic conditions and alerts drivers to faster alternative modes of transportation when major delays occur along local routes. When operated ...