FASTag automated daily toll collections rise by 45% in August

20 Sep 2021 CW Team

India's economy is reviving, as is the country itself. Countless porta-cabins dotting Indian highways tell us that FASTag automated daily toll collections have risen by 45% in August after falling by 25% in May from April.

Daily toll collections had fallen to Rs 68 crore by May, a record low.

August will be the third month in a row that toll collection has increased on a daily basis on average.

Factory output and industrial production have improved across key sectors due to the relaxation of lockdown restrictions and stable demand. As a result, business activity has picked up.

E-way bill growth is cited by analysts as a significant factor in explaining the rise in daily toll collections on average. 86351801E-way bills record interstate and intrastate freight transport.

E-way bills increased to 65.89 million units in August from 39.9 million units in May, according to GST Network, a company that provides a database of Goods and Services Tax (GST) filings and transactions.

Image Source

Also read: Toll collections to grow 10-11% in FY22 despite Covid: Care Ratings

Real Estate

08 Apr 2026

BPTP awards Rs 4.88 billion contract to NCC

BPTP has awarded a construction contract worth Rs 4.88 billion to NCC Limited for its residential project Downtown 66 in Gurugram.The contract covers civil structure and finishing works for a total construction area of approximately 1,79,302 sq m, including residential towers and associated amenities, in line with approved plans and specifications.Located along Golf Course Extension Road, the project forms part of BPTP’s Gurugram portfolio and is designed around modern living, sustainability, connectivity and occupier-centric planning.Commenting on the development, Manik Malik, CEO & Pre..

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..