Reliance Industries takes majority stake in pod cars developer skyTran

(adsbygoogle = window.adsbygoogle || []).push({}); Reliance Industries said that its fully-owned subsidiary Reliance Strategic Business Ventures (RSBVL), has acquired an additional stake in skyTran, a US-based pod cars developer, for $26.76 million. The deal enables the Indian conglomerate to boost its stake in the personal rapid transit More...

by businessnewstoday | Published 13 hours ago
By Soujanya Ravi On Thursday, February 25th, 2021
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Mayan Train project : ACCIONA, Grupo Mexico win contract for Section 5

ACCIONA and its partner Grupo México have won a contract worth MX$17.8 billion (€713 million) for the construction of Section 5 of the Mayan Train project in Mexico from Fondo Nacional de Fomento de Turismo (Fonatur). The More...

By businessnewstoday On Tuesday, February 23rd, 2021
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Bharat Forge, Paramount to manufacture Kalyani M4 armoured vehicles in India

Bharat Forge has entered into a partnership with Paramount Group for manufacturing the Kalyani M4 armoured vehicles in India. In this regard, the Indian engineering and technology conglomerate and the South African More...

By Soujanya Ravi On Sunday, February 21st, 2021
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TfNSW to award $1.2bn Country Regional Network contract to UGL

The Transport for New South Wales (TfNSW) has confirmed CIMIC Group company as the successful bidder for the operation and maintenance of rail infrastructure for its Country Regional Network (CRN) under a contract More...

By Soujanya Ravi On Sunday, February 14th, 2021
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Cubic Transportation Systems to deliver equipment for NY MTA’s OMNY project

Cubic Transportation Systems (CTS) has won a $39 million worth contract from the New York Metropolitan Transportation Authority (NY MTA) to deliver equipment for its new fare payment system – One Metro New More...

By businessnewstoday On Saturday, February 13th, 2021
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Electric aircraft start-up Archer to go public via $3.8bn merger with Atlas Crest

Archer, an electric aircraft start-up, has agreed to merge with Atlas Crest Investment, a special purpose acquisition company (SPAC), in a deal valued at around $3.8 billion. The merger will enable Archer to become More...

By businessnewstoday On Wednesday, February 10th, 2021
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Self-driving truck technology provider Plus secures $200m in new funding round

Plus (previously Plus.ai), a provider of self-driving truck technology, has raised $200 million round in a new funding round led by new investors Guotai Junan International, CPE, and Wanxiang International Investment. The More...

By businessnewstoday On Monday, February 8th, 2021
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Adani Airport acquires 23.5% stake in Mumbai International Airport for $230m

Adani Airport (AAHL), a fully-owned subsidiary of Adani Enterprises, has acquired a stake of 23.5% in Mumbai International Airport (MIAL) or the Chhatrapati Shivaji Maharaj International Airport from ACSA Global More...

By businessnewstoday On Tuesday, February 2nd, 2021
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Shopmonkey, Epicor Software partner to speed up procurement of auto parts

Shopmonkey, a California-based auto repair shop management software provider, has entered into a partnership with Epicor Software, a provider of industry-specific enterprise software, for further speeding up procurement More...

By Soujanya Ravi On Friday, January 22nd, 2021
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Verra Mobility to acquire Redflex Holdings for $113m

Verra Mobility, an Arizona-based company which provides smart mobility technology solutions will be acquiring Redflex, an Australian technology company that provides intelligent transport solutions, in a deal worth More...