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Euler Motors Raises Rs 6.38 Bn, Hero Joins as Investor
Electric commercial vehicle startup Euler Motors has raised Rs 6.38 billion in its latest Series D funding round, with Hero MotoCorp joining as a key strategic investor. The round also saw continued participation from British International Investment (BII), the UK government鈥檚 development finance institution.The fresh capital will be used to scale up Euler鈥檚 sales and service network across India and accelerate the rollout of new electric vehicle (EV) models. The funding comes at a time of growing demand for electric commercial vehicles, particularly in e-commerce, retail, and last-mile de..
Centre Plans Rs 15 Bn Boost for NE Waterways by 2028
Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, has reaffirmed the Centre鈥檚 commitment to enhancing inland waterway infrastructure across Assam and the Northeast. During a review meeting with senior officials from the Ministry, the Inland Waterways Authority of India (IWAI), Cochin Shipyard Ltd (CSL), Public Works Department (PWD), and Indian Port Rail and Ropeway Corporation Ltd (IPRCL), Sonowal emphasised timely project completion aligned with Prime Minister Narendra Modi鈥檚 vision for Viksit Bharat.The Minister announced that over Rs 10 billion has already been inves..
IWAI Clears Key Plans to Boost River Transport in Northeast
In its 197th board meeting, the Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, approved a comprehensive development plan for National Waterway-2 (River Brahmaputra) and cleared key infrastructure proposals to enhance inland water transport (IWT) in the Northeast.The three-year plan for NW-2 includes fairway development, terminal infrastructure, navigation aids, green energy integration, vessel operations, dry docking, and the establishment of a maritime skill development centre in Assam. These initiatives are part of broader efforts to promote ..
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