NICE Road Toll Increase May Lead to Bus Fare Hike in Bangalore

18 Jul 2024 CW Team

The recent toll increase on Bangalore's NICE Road is likely to result in higher bus fares for the Madavara to Electronic City route. This development is expected to impact daily commuters who rely on Bangalore Transport Corporation (BMTC) buses for their transportation needs.

The toll hike, implemented by the NICE (Nandi Infrastructure Corridor Enterprises) authorities, has raised concerns among regular commuters and transport operators. The increased toll fees are seen as necessary for road maintenance and infrastructure improvements, but they also add financial strain to the BMTC, which operates numerous routes through this corridor.

In response to the toll hike, the BMTC is considering raising fares on the affected route to offset the additional costs. This potential fare increase aims to ensure that the corporation can continue to provide efficient and reliable services without compromising on quality. However, the decision is still under review, and discussions are ongoing to find a balanced approach that minimises the burden on commuters while maintaining operational sustainability.

Commuters have expressed concerns over the possible fare hike, as it could increase the cost of daily travel. Many are urging the authorities to explore alternative solutions or subsidies to mitigate the impact on public transport users. The BMTC is evaluating various options and is expected to make a decision soon.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..