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Tag Archives: transport

MoRTH invites public suggestions on enforcing BIS certification for two-wheeler helmetsMinistry of Road Transport and Highways has issued a draft notification for bringing Protective Helmets for two wheelers rider under compulsory certification as per Bureau of Indian Standards Act, 2016. This will enable to have only BIS certified helmets for two wheelers to be manufactured and sold in India. It will also improve the quality of two wheeler helmets and would improve road safety scenario, and further would be helpful in reducing fatal injuries involving two wheelers. The suggestions or comments in this respect can be sent to the Joint Secretary (MVL), Ministry of Road Transport and Highways, Transport Bhavan, Parliament Street, New Delhi-110001 (email: [email protected]) within thirty days from the date of notification.

Ministry of Road Transport and Highways has issued a draft notification for bringing Protective Helmets for two wheelers rider under compulsory certification as per Bureau of Indian Standards Act, 2016. This will enable to have only BIS certified helmets for two wheelers to be manufactured and sold in India. It ... Read More »

Shriram Transport Finance raises Rs 300 crore via bonds

Shriram Transport Finance Company has raised funds worth Rs 300 crore through issuance of bonds. The issue comprises three tenor bonds of three, five and ten years, offering a coupon in the range 9.12% to 9.70%. Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and ... Read More »

Shriram Transport Finance reports 23% rise in Q2 net profit

Shriram Transport Finance Company has reported results for second quarter ended September 30, 2018. The company has reported 22.60% rise in its net profit at Rs 609.58 crore for the quarter under review as compared to Rs 497.22 crore for the same quarter in the previous year. Total income of ... Read More »

Shriram Transport Finance planning to raise funds via NCDs

Shriram Transport Finance Company is planning to raise funds in ordinary course of business by way of issue of redeemable Non-Convertible Debentures (NCDs) on private placement basis. The meeting of Board of Directors of the company will be held on October 25, 2018, to consider the same. Shriram Transport Finance ... Read More »

Shriram Transport Finance to raise Rs 1350 crore through NCDs

Shriram Transport Finance Company has proposed to raise up to Rs 1350 crore through secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The NCDs have a fixed rate of interest, with seven different series. The NCDs have tenures of three, five and 10 years, with ... Read More »

Intelligent transport system can reduce mishaps on Yamuna E’way: IRF

New Delhi :  Expressing concern over increasing road accidents on Yamuna Expressway, the International Road Federation (IRF) today recommended implementation of an intelligent transport system (ITS) on the expressway. “The driving condition on Mumbai-Pune expressway and Noida-Agra expressway are different than other roads. For safe driving, ITS along with strict enforcement ... Read More »