Hunch Mobility and Electra to Deploy Hybrid-Electric Aircraft

23 Jan 2025 CW Team

Electra.aero, Inc., a cutting-edge aerospace company, has signed a memorandum of understanding (MoU) with Hunch Mobility, a technology-driven platform, to deploy Electra’s EL9 Ultra Short hybrid-electric aircraft in India. This partnership aims to transform sustainable and quiet regional air travel in the country. Announcing the collaboration at the CII Urban Air Mobility Expo 2025, Amit Dutta, Managing Director of Hunch Mobility, stated, "We are proud to unveil this partnership at an event that showcases India's leadership in urban air mobility. The expo fosters collaboration among manufacturers, facilitators, and operators, driving innovation for a future-ready air mobility ecosystem." (ET)

Infrastructure Urban

09 Sep 2025

Amazon Signs Rs 400 Million Lease for Hooghly Warehouse

Amazon Seller Services, the marketplace division of Amazon Inc., has leased 560,000 sq. ft of warehousing space in West Bengal’s Hooghly district as part of its nationwide expansion of fulfilment infrastructure.The upcoming facility, set to serve as a fulfilment centre (FC), has been pre-leased from Nahar Industrial Enterprises Ltd. As per documents accessed via real estate analytics platform Propstack, the property handover will occur between January and June 2026, with the lease officially commencing on 1 June 2026. The agreement spans a period of 20 years.Amazon will pay a monthly rent of..

GDA to Buy Land for RNE Roads, Clear Maps for Housing

The Ghaziabad Development Authority (GDA) will now directly purchase land from owners for eight major roads under the zonal plan for Raj Nagar Extension (RNE), paving the way for improved road infrastructure and residential development in the area, officials confirmed on Wednesday.Seven of these roads have remained stalled due to land acquisition hurdles, prompting the GDA to approve a proposal for direct purchase. The plan includes five roads with widths of 45 metres each, one 30-metre-wide road, and two roads of 24 metres in width—all integral to the approved zonal plan for RNE.“This dec..

Nisus Acquires Majority Stake in NCCCL for Rs 700 Million

Nisus Finance Services Co Limited has acquired a majority stake in New Consolidated Construction Company Ltd (NCCCL) through its subsidiary, Nisus Finance Projects LLP. The management-led, all-cash buyout includes a Rs 700 million infusion as primary growth capital, aimed at strengthening NCCCL’s balance sheet and driving its expansion across India’s infrastructure landscape.The acquisition represents a strategic milestone in Nisus Finance’s goal to consolidate its urban infrastructure platform. As part of the transition, NCCCL’s Managing Director and CEO Mahesh Mudda will become the P..