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Government scraps licensing rule for vehicle safety technology
India has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision-avoidance technologies in vehicles. Car manufacturers are now empowered to integrate cutting-edge global safety technologies, significantly enhancing road safety. Additionally, a novel framework is on the horizon for vehicle communication, designed to optimize traffic management and smarter transportation systems.
AVG Logistics gains after securing long-term transportation contract from Haldiram Nagpur
AVG Logistics advanced 2.86% to Rs 172.75 after the company announced that it had secured a long-term transportation contract from Haldiram Nagpur, a leading player in India's FMCG sector.
India waives excise duty on petrol with higher ethanol
India's government is giving consumers a break by waiving excise duty on petrol. This move is tied to the increased use of ethanol blended into the fuel, encouraging a greener approach to transportation and potentially lowering prices at the pump for everyone.
Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product consumption dropped 6.5% in May, with subdued growth in petrol and diesel sales, indicating weakening economic activity.
Keenly watching India-US trade deal developments: Brown-Forman India MD
Brown-Forman, the maker of Jack Daniel's, is closely monitoring the India-United States trade deal. Positive signs are emerging for the bilateral agreement. The company imports its entire product range into India. Rising inflation and transportation costs are noted pressures. The West Asia war has not impacted business yet. Ready-to-drink options are a growing segment.
India eyes Venezuelan upstream & downstream energy sectors; Modi-Gomez explore partnership in critical minerals & mining too
India is seeking a long-term energy partnership with Venezuela. Prime Minister Narendra Modi held talks with Venezuela's acting President Delcy Eloina Rodriguez Gomez. Discussions covered crude oil supply diversification and cooperation in critical minerals. Both nations also explored expanding commercial ties in pharmaceuticals, agriculture, and transportation. A technical team from India will visit Venezuela soon to explore opportunities further.
Knight-Swift Transportation stock hits all-time high of 71.63 USD - Investing.com India
Knight-Swift Transportation stock hits all-time high of 71.63 USDInvesting.com India
Maharashtra School Bus Operators Seek Alternate-Day Classes To Prevent Fee Burden, Cite Rising Fuel Cost
The Association said the move is aimed at reducing the frequency of bus trips and fuel consumption, thereby easing financial stress on operators without increasing transportation charges for parents.
IRFC expands beyond Indian Railways with ₹13,527-crore refinancing deal for Hyderabad Metro
The state-backed financier is leveraging its core strength in transportation finance to support urban mobility and help the Telangana government-owned project replace its high-cost debt.
Petroleum dependence significant across core sectors, official data shows
As oil prices climb, significant Indian industries brace for impact. Transportation, farming, and power generation are especially reliant on petroleum, making them prime targets for economic instability with the unrest in the Middle East. Furthermore, mining and iron ore sectors also show marked susceptibility as recent data unveils these stark vulnerabilities in the economy.
A Rs 3 hike makes India’s inflation battle somewhat harder
Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.