Noida Authority's challenge: Recovering Rs. 80 Bn dues
Noida Authority's Road Repair Initiative
The Noida Authority has announced plans to undertake a comprehensive road repair and resurfacing initiative to address the deteriorating condition of roads in the city. This strategic move aims to improve the quality of transportation infrastructure and enhance the commuting experience for residents and commuters.
The road repair and resurfacing project will involve repairing potholes, patching damaged sections, and resurfacing roads to ensure smoother and safer travel for vehicles and pedestrians. The initiative comes in response to widespread concerns over the poor condition of roads,..
GP Eco to raise Rs.350 million via IPO; expand solar operations
GP Eco Solutions India Limited (GPES), a prominent player in the solar energy sector, has unveiled its intention to raise between ?300 million and ?350 million through an initial public offering (IPO) on NSE Emerge. The primary objective of the IPO is to fortify GPES's expansion initiatives and subsidiary operations. Specifically, ?124.5 million is earmarked for working capital and expansion endeavours, while ?760 million will be allocated to establish a new solar inverter assembly facility in Noida.
Deepak Pandey, MD, GPES, elaborated on the IPO's purpose, stating, "GP Eco Solar intend..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..