
Nitin Gadkari promises traffic relief for Pimpri Chinchwad

Foxconn Invests Rs 125 Bn to Expand India Operations
Hon Hai Precision Industry Co., better known as Foxconn and the main assembler of Apple鈥檚 iPhones, is strengthening its footprint in India with a fresh investment of USD 1.5 billion (around Rs 125 billion) into its local subsidiary. The funding, channelled through Foxconn鈥檚 Singapore-based arm, was disclosed in a regulatory filing and is set to fast-track the company鈥檚 manufacturing expansion in southern India.This strategic move is part of Apple鈥檚 ongoing effort to diversify its global supply chain and reduce its dependence on China, amid rising trade tensions and tariff threats betwe..

MahaMetro To Procure 300 Buses for Metro Connectivity
In a significant move to improve last- and first-mile connectivity, MahaMetro is finalising the Detailed Project Report (DPR) for the procurement of 300 feeder buses to serve Metro corridors in Nagpur. Officials confirmed that the report will be submitted to the Maharashtra government within a month for approval.A senior MahaMetro official stated that the state government will first assess the financial viability and other essential aspects of the project. Depending on its decision, the proposal may then be forwarded to the Union government for final clearance.This initiative is part of broade..

AIIB Eyes Funding for AP Metro Projects
The Asian Infrastructure Investment Bank (AIIB) has expressed interest in financing Phase I of the metro rail projects in Visakhapatnam and Vijayawada.Officials from AIIB recently met with Andhra Pradesh Metro Rail Corporation Ltd (APMRCL) Managing Director NP Rama Krishna Reddy and other senior representatives to discuss potential funding options. The team also conducted site inspections along key metro corridors in Vijayawada.The total estimated cost for both projects is Rs 120 billion鈥擱s 61 billion for Visakhapatnam and Rs 59 billion for Vijayawada. AIIB has proposed attractive loan terms..