Tender for Gurugram Global City project awarded

Chinese Firms Exit Romania Solar Tender

Chinese firms have withdrawn from a solar tender in Romania following an investigation by the European Union (EU). The tender, which aimed to expand solar energy capacity in Romania, has seen the exit of several major Chinese players due to concerns raised by the EU.

The move comes amidst increasing scrutiny on foreign investment in critical infrastructure sectors across Europe, particularly in renewable energy. The EU's investigation into the Romanian solar tender reflects growing concerns over potential security risks associated with foreign involvement in vital energy projects.

Road and power sector rises as construction tenders swell by 96%

India Ratings and Research (Ind-Ra) highlights that the fourth quarter of the fiscal year 2024 saw a 96% year-over-year rise in the number of construction tenders for roads and power, amounting to Rs 7,089 billion. This increase is characterised by a March Rush of increased tendering activity by the central and state governments. On the other hand, orders awarded decreased by 30% during that time, reaching Rs 1,623 billion the lowest growth rate during the previous eight quarters. .

The roads sector is dominating, with 49% of all tenders issued in the quarter, up from 33% the yea..

Supreme Court Dismisses L&T Plea

The Supreme Court's decision to reject L&T's plea regarding the Sharavathi hydroelectric project tendering process carries significant implications for the energy sector in India. The case centred on allegations of irregularities in the tendering process, with L&T challenging the fairness and transparency of the proceedings. However, the apex court's ruling has upheld the integrity of the tendering process, affirming the decisions made by the authorities overseeing the project.

This verdict is likely to have far-reaching consequences, not only for the Sharavathi project but also for t..

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..