The Asian Development Bank approved a $300 million loan to upgrade more than 300 km of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions. The project will expand state highways and major district roads from single lane to two lanes and introduce new climate- and disaster-resilient structures.

CapitaLand India Trust Management plans to invest around Rs 1940 crore over the next four to five years, to acquire and develop a 55 megawatt data centre in Ambattur, Chennai. The firm has recently acquired a 4.01-acre land in Ambattur, Chennai for Rs 80 crore, of the total planned investment, to develop its third data centre in India.

The Indian Railways is planning to introduce multiple wagon tipplers to speed up the coal distribution network across the country. Along with additional wagon tipplers, the railway is also looking to have additional wagon unloading lines to de-load the coal wagons at the powerhouses.

JSW Group is considering a foray into the manufacturing of electric vehicles. The group had examined EV manufacturing plans earlier also but now it is becoming attractive. The group is looking to manufacture four-wheelers.

Ola is planning to start its own electric vehicle (EV) cab service and will begin the pilot in Bengaluru with around 1,000 cabs. It will be available on the Ola app as a separate category along with regular cabs and auto service. The company eventually plans to scale up the number of EV cabs to over 10,000 in one year in the city.

Hero Motors is looking at investing Rs 1,500 crore over the next three years to strengthen its play in the burgeoning market for electric vehicle components as developed nations across the world accelerate the shift to zero emission vehicles to allay environmental concerns.

Mumbai-based startup VoltUp plans to deploy half a million high-speed electric two-wheelers in the next five years to accelerate the shift to e-mobility. In the first phase, VMumbai-based startup VoltUpltUp will put 30,000 electric two-wheelers on the road in the next one year

New Style announced the signing of a franchise agreement with Wyndham Hotels & Resorts for a new hotel development in Panipat, Haryana under the Ramada by Wyndham brand. The proposed hotel will be located in Sector 23, TDI Connaught Estate, Panipat.

2023 is going to be the year of change for StayWell Holdings as they gear up for a robust expansion. Their medium to long-term expansion strategy will include (but not be limited to) setting up 250 hotels over several key bespoke hospitality destinations in the Middle East, Asia Pacific and Europe.