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SECTOR | 26 May 2025

SBI Life, Vidyaniti acquire 4.25% stake in NHIT for Rs 1,100 crore

Business Standard

SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways Infra Trust for Rs 1,100 crore through the open market transaction while NHAI divested 8.24 crore units in the Trust. A total of 8.24 crore units, representing a 4.25 per cent unit-holding, was acquired by both entities. According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT. Vidyaniti LLP also bought over 4.49 crore units, amounting to a 2.3 per cent unit-holding in National Highways Infra Trust, as per the data on the exchange. The units were picked up at an average price of Rs 133.57 per unit, taking the combined transaction value to Rs 1,100.61 crore. Meanwhile, NHAI offloaded 8.24 crore units of NHIT at the same price, as per the data on the National Stock Exchange (NSE). On Monday, National Highways Infra Trust's units were closed on a flat note at Rs 133.50 a unit on the...

Transportation

SECTOR | 26 May 2025

FASTag Annual Toll Pass: How Much Will It Cost? What We Know So Far

NDTV Profit

The Ministry of Road Transport and Highways (MoRTH) is reportedly planning a dual-payment toll system. Under this, users can choose between a yearly pass, or pay based on the distance travelled.

Transportation

SECTOR | 25 May 2025

Railway security system has its eyes on you with AI-based cameras

Business Standard

National transporter ramps up project to instal AI-based cameras that can recognise faces

Transportation

SECTOR | 24 May 2025

Niti Aayog Meet: CM Tamang Seeks 'World-Class' Highway Connecting Sikkim To Siliguri

NDTV Profit

Tamang said there is also a need to climate-proof NH-10, the only road that connects Sikkim to the rest of the country.

Transportation

SECTOR | 23 May 2025

India's Car Economy Leaves The Middle Class Fuming

NDTV Profit

Roads continue to hog the limelight.

Transportation

SECTOR | 23 May 2025

Wadala Or Vadala? Central Railway Accepts Mistake After Commuter Spots Error In MumbaiStationName

NDTV Profit

Central Railway responded to the post on X and advised the concerned department to change the incorrect name.

Transportation

SECTOR | 23 May 2025

RVNL Aims To Generate Rs 22,000-Crore Revenue In FY26

NDTV Profit

Rail Vikas Nigam Ltd.'s order book currently stands at Rs 97,000 crore to Rs 98,000 crore, with Rs 47,000 crore from legacy railway projects and the remainder from diversified sectors.

Transportation

SECTOR | 22 May 2025

SwaRail app now live on Android: Book tickets, track trains, and more

Business Standard

The Railways' all-in-one app offers secure login, bookings, parcel and freight tracking, live train status, Rail Madad, and more, now officially available on Google Play

Transportation

SECTOR | 21 May 2025

Balmer Lawrie eyes 20% revenue growth at 3,000 cr for FY26, targets 6,000 cr revenue by 2030

Business Line

In the logistics business, the company is entering two new areas: Rail logistics and third party logistics

L&T Metro Rail Hyderabad pegs accumulated loss at 6,600 crore, launches Save Your Metro' campaign

Business Line | 21 May 2025 2 more

Transportation

SECTOR | 21 May 2025

Revolt in Pakistan's Sindh: Highway blocked, minister's house torched, two dead as protest over Indus canal project spirals out of control

Economic Times

A violent protest in Moro taluka, Noushehro Feroze district, resulted in protesters setting fire to the Sindh Home Minister's house after clashes with police left two demonstrators dead. The unrest stemmed from opposition to canal and corporate farming projects, leading to looting, highway blockades, and injuries to both protesters and police.