NEW DELHI : The government is gearing up to introduce updated vehicular speed limits as India’s new highway and expressway network is capable of handling faster speeds, according to Union minister for road transport and highways, Nitin Gadkari.Lower limits in new highways meant for mobility at higher speeds pose challenges for commuters, Gadkari said at the Mint Zetwerk Smart Manufacturing Summit 2023 on Thursday.
Zetwerk Manufacturing, a marketplace for contract manufacturing, said on Thursday that it had appointed Pulkit Bhandari as its chief financial officer. As the CFO, Bhandari will collaborate closely with the founders on strategy, anchor Zetwerk’s financial planning and capital allocation initiatives, and work with existing teams to strengthen the company’s financial frameworks. He will also […]
Unicorn startup Zetwerk on Thursday said it has received $20 million (about Rs 165 crore) investment from IndiGo Airline promoter Rakesh Gangwal. Gangwal is the last investor in the ongoing funding round of Zetwerk at $2.8 billion enterprise value. “We are delighted to share that Rakesh Gangwal has invested $20 million in Zetwerk through Wheelhouse […]
B2B contract manufacturing marketplace Zetwerk reportedly raised INR 100 Cr in debt funding from the likes of Edelweiss Group, along with one more fund and multiple high net-worth individuals (HNIs). A Mint report citing sources noted that the debt was raised by issuing non-convertible debentures (NCDs) with around INR 83 Cr coming from Edelweiss Credit Plus […]
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