Mumbai property registrations up 15% to 8,756 units in November

NHAI Completes Record Rs. 180 Billion InvIT Monetisation

The National Highways Infra Trust (NHIT), set up by NHAI, has completed its fourth round of fund-raising at an enterprise value of Rs. 183.8 billion (bn), marking the largest monetisation deal in India's road sector. This brings NHIT’s total realised value across four rounds to over Rs. 460 bn.In this round, NHIT secured Rs. 83.4 bn in unit capital from domestic and international investors and Rs. 100.4 bn in debt from domestic lenders. The funds will be used to acquire highway stretches in Andhra Pradesh, Uttar Pradesh, Uttarakhand, Gujarat, and Chhattisgarh at a concession value of Rs. 177..

Maharashtra Government Directs BMC to Complete Road Concretisation by May 31

The Maharashtra Government has instructed the Brihanmumbai Municipal Corporation (BMC) to complete all ongoing road concretisation work in Mumbai by May 31 and not to undertake any new projects.This decision was taken during a meeting convened by Speaker Rahul Narvekar with Mumbai MLAs to address concerns over alleged mismanagement and irregularities in the road concretisation work.According to news reports, the meeting also decided that a review of the progress would be conducted by the end of April. Additional Municipal Commissioners have been directed to coordinate with various utility agen..

AI-powered laser welding from TRUMPF boosts auto manufacturing quality

TRUMPF is using artificial intelligence (AI) to increase productivity in automotive manufacturing. The high-tech company has developed an AI solution that checks the quality of components, such as batteries for electric cars, immediately after laser welding, identifies possible defects and enables repairs in the laser welding station. "This enables users to reduce their manufacturing costs because the AI solution can replace other time-consuming quality inspections," says Martin Stambke, the TRUMPF product manager responsible for AI quality inspection. The first customers from the automotive i..