Latest news with #SmartParking
Hindustan Times
25-06-2025
- Automotive
- Hindustan Times
Chandigarh: Councillors weigh in on AI-powered smart parking plan for UT
In a significant step towards addressing the city's ongoing parking challenges, around 20 councillors from various parties attended an all-party meeting convened by mayor Harpreet Kaur Babla on Tuesday to discuss the much-anticipated Smart Parking project. Held just days before the June 30 General House meeting, the session saw modest participation as councillors reviewed the revised blueprint for the city's AI-based parking initiative. The re-imagined project, aims to implement AI–based, state-of-the-art facilities across 89 parking lots in the city. (HT File) The fresh proposal came nearly three months after the Chandigarh municipal corporation (MC) house scrapped the previous version of the Smart Parking project, citing execution and infrastructure gaps. The re-imagined project, drafted by the parking committee of the civic body chaired by councillor Saurabh Joshi, aims to implement artificial intelligence–based, state-of-the-art facilities across 89 parking lots in the city to streamline traffic flow and enhance parking convenience for residents. As per the project proposal, the revamped project will have an AI-enabled parking management and monitoring, automatic number plate recognition (ANPR), real-time space availability tracking, dynamic pricing and demand-based slot allocation, pre-booking options for convenience, live status updates via mobile app and digital displays, integrated digital payment solutions, centralised command and control centre, 'pink periphery zones' for women's safety, dedicated spaces for persons with disabilities, EV charging stations at multiple sites, valet parking services at select locations, energy-efficient lighting and infrastructure, and emergency features including SOS alerts and dedicated lanes. The software support for these systems is proposed to come from the Society for Promotion of IT in Chandigarh (SPIC). Additionally, there have been deliberations on data protection protocols, revenue-sharing models, inclusion of GST and stamp duties, and a new fee structure. During the meeting, Congress councillor Gurpreet Singh Gabi raised concerns regarding the implementation timeline and profit-first approach of past contractors. 'The MC is proposing that the firm allotted the tender can begin charging revised rates within 90 days and then upgrade the infrastructure. But based on past experience, these companies start collecting money without completing the infrastructure set up. This time, priority must be given to completing the infrastructure first,' Gabi said. Notably, on April 27, the House approved a hike in parking rates, which will come into effect once the smart system is rolled out. According to the new structure, parking will remain free for the first 15 minutes at all 89 MC-managed lots — a move aimed at easing quick-turnaround visits and improving vehicle circulation. For longer duration, four-wheelers will be charged ₹ 20 for up to four hours, up from the current ₹ 14. Two-wheeler users will pay ₹ 10, a rise from ₹ 7. Premium rates of ₹ 85 for the first four hours have been proposed for high-traffic commercial hubs such as Elante Mall, Fun Republic, and Piccadily Square, making them the most expensive parking spots in the city. AAP councillor Prem Lata said, 'Suggestions were given to ensure that the parking staff wear uniform, with their names and contact numbers printed on it. Also, vacant spaces of MC should be converted into parking lots. Also, reserving the parking space using an online booking method can be tricky as space will remain un-utilised for hours, and long waiting queues will be seen on city roads.' Congress councillor Sachin Galav and other party councillors staged a walkout from the meeting for protesting against the administration for organising a political event. 'Chandigarh administration and BJP should be ashamed of holding events like 'Samvidhaan Hatya Diwas' while doing nothing for the city. The same BJP that brings unconstitutional ordinances, misuses ED and CBI, crushes dissent, and runs parliament without debate, talks about saving the constitution? hypocrisy at its peak,' Galav said.
Hindustan Times
22-06-2025
- Automotive
- Hindustan Times
Chandigarh: Mayor Harpreet Kaur Babla to call councillors' meet over new ‘Smart Parking' plan
Nearly three months after the Chandigarh MC House scrapped the 'Smart Parking' project, mayor Harpreet Kaur Babla is set to call an all-councillor meeting to run past the project's revised blueprint before tabling it in the General House on June 27. Chandigarh currently has 89 paid parking lots, being run by MC, on around 5.22 lakh square metre area, which can house 16,030 equivalent car spaces. (HT File) The mayor said the parking committee, headed by councillor Saurabh Joshi, has already finalised the terms and conditions of the project, and included it in the request for proposal (RFP). 'But before we take it to the House, we want all councillors to give their feedback and suggestions so that it can be added in the final draft. We will call the all-councillor meet on Tuesday or Wednesday,' said Babla. Officials said the revamped project will have a vehicle-stay tracking system, 'pink parking zones' for women, internet connectivity for real-time parking management, option of pre-booking paid parking slots, and pre-paid parking cards. The software support for these systems is proposed to come from the Society for Promotion of IT in Chandigarh (SPIC). Additionally, there have been deliberations on data protection protocols, revenue-sharing models, inclusion of GST and stamp duties, and a new fee structure. Notably, on April 27, the House had approved a hike in parking rates, which will come into effect once the smart system is rolled out. According to the new structure, parking will remain free for the first 15 minutes at all 89 MC-managed lots — a move aimed at easing quick-turnaround visits and improving vehicle circulation. For longer durations, four-wheelers will be charged ₹ 20 for up to four hours, up from the current ₹ 14. Two-wheeler users will pay ₹ 10, a rise from ₹ 7. Premium rates of ₹ 85 for the first four hours have been proposed for high-traffic commercial hubs such as Elante Mall, Fun Republic, and Piccadily Square, making them the most expensive parking spots in the city. All-councillor meets, a flop-show in past This is not the first time that Babla is calling an all-councillor meeting. The meetings, held in the past, to either discuss agenda for governor meeting or for allocation of ward development funds, have remained a flop show, with the Opposition parties – Congress and Aam Aadmi Party – either boycotting it or walking out after clashes with MC officials. In the 35-member House, the Bharatiya Janata Party has the majority, with 16 councillors, followed by the Aam Aadmi Party with 13 councillors and six of the Congress. House had rejected project over 'flawed' tender conditions Originally conceived in August 2022, the Smart Parking project aimed to introduce a FASTag-enabled parking system across all parking lots in Chandigarh. In July 2023, MC House had decided on new rates to be implemented after the project's rollout. But the project remained on paper and tenders could not be finalised. But after years of delay, the much-anticipated smart-parking project was rejected by the House in March this year, citing flawed tender conditions, and councillors had called for a fresh blueprint with revised rates and conditions. The MC had said the rates proposed in the old project proposal, when combined with GST, result in impractical amounts, making payments inconvenient for residents. In the new proposal now, MC has rounded the figures off for easier transactions. Chandigarh currently has 89 paid parking lots, being run by MC, on around 5.22 lakh square metre area, which can house 16,030 equivalent car spaces (ECS). Though these were earlier managed by private firms, the civic body started operating 73 out of the 89 parking lots since February last year after the private contractors running it were found to be involved in a multi-crore scam. The remaining parking lots are presently running free-of-cost due to MC's limited manpower. In the absence of a proper parking management system, vehicles can often be seen parked haphazardly. The MC earns approximately ₹ 1 crore every month from the 73 parking lots in the city, which is higher than the average when private firms used to run the lots.
Khaleej Times
20-06-2025
- Business
- Khaleej Times
Abu Dhabi: Ticketless paid parking comes up at Nation Towers
Motorists in Abu Dhabi can now benefit from ticketless paid parking with another location added in the UAE capital. Salik, Dubai's exclusive toll gate operator, in partnership with Parkonic, a Dubai-based smart parking company, announced on Friday, June 20, that barrierless parking has been added Nation Towers in the capital. The ticketless parking at Nation Towers becomes the fourth location in Abu Dhabi and sixth overall across the UAE, operated by Parkonic. Parkonic's locations in the capital include WTC Abu Dhabi, Shams Boutik, and Arc Tower, while it also operates at the Majestic Towers Sharjah and at the Al Suhub Rest House in Khorfakan. In April this year, Parkonic had added 18 new locations for seamless parking in Dubai taking the total to 24 locations in the city. The new locations that were added in Dubai were Union Coop Nad Al Hamar, Heera Beach, Park Islands, Union Coop Al Twar, Union Coop Silicon Oasis, Union Coop Al Qouz, Union Coop Al Barsha, Cedre Villas Community Centre, Burj Vista, Al Qasba, Union Coop Mankhool, Lulu Al Qusais, Marina Walk, West Palm Beach, The Beach JBR, Opus Tower, Azure Residence and Union Coop Umm Suqeim. The other locations are Dubai Harbour on-street parking, Museum of the Future, Global Village (premium), Sofitel downtown, the Crescent and Central Park. How to use Parkonic app? To use the app, drivers have to create a Parkonic account, register their vehicle license plates and top up their wallets. After entering and parking at any parkonic locations, drivers will find a sign displays the car parking rates. When exiting, parking fees will be deducted automatically from the wallet. Users can also pay via cash before they exit through parkonic pay station at the location.
Yahoo
26-05-2025
- Business
- Yahoo
3 ASX Stocks Estimated To Be Trading Up To 40.9% Below Intrinsic Value
The Australian market has shown mixed performance with the ASX 200 closing up slightly at 8,361 points, driven by gains in the IT and Materials sectors, while Utilities lagged significantly. In such a fluctuating environment, identifying undervalued stocks can offer potential opportunities for investors seeking to capitalize on discrepancies between market prices and intrinsic values. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.895 A$1.74 48.5% Elders (ASX:ELD) A$6.16 A$11.39 45.9% Austal (ASX:ASB) A$5.22 A$9.12 42.8% Charter Hall Group (ASX:CHC) A$17.81 A$33.88 47.4% Polymetals Resources (ASX:POL) A$0.825 A$1.54 46.4% SciDev (ASX:SDV) A$0.365 A$0.68 46% Integral Diagnostics (ASX:IDX) A$2.41 A$4.24 43.1% Nuix (ASX:NXL) A$2.41 A$4.08 40.9% PointsBet Holdings (ASX:PBH) A$1.10 A$2.07 46.7% Superloop (ASX:SLC) A$2.61 A$4.48 41.7% Click here to see the full list of 38 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: ALS Limited offers professional technical services focused on testing, measurement, and inspection across various regions including Africa, Asia/Pacific, Europe, the Middle East, and the Americas with a market cap of A$8.55 billion. Operations: The company's revenue is derived from its Commodities segment, generating A$1.08 billion, and its Life Sciences Excluding Nuvisan segment, contributing A$1.63 billion. Estimated Discount To Fair Value: 28.9% ALS Limited is trading at A$17.64, significantly below its estimated fair value of A$24.8, making it undervalued based on discounted cash flow analysis. Despite a high level of debt and reduced profit margins (0.2% from 11.1%), ALS's earnings are projected to grow substantially at 24.9% annually, outpacing the Australian market's growth rate of 11.8%. The recent appointment of Catharine Farrow as a Non-Executive Director may enhance strategic governance and innovation efforts. Our comprehensive growth report raises the possibility that ALS is poised for substantial financial growth. Click to explore a detailed breakdown of our findings in ALS' balance sheet health report. Overview: Flight Centre Travel Group Limited offers travel retailing services for both leisure and corporate sectors across Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and other international markets with a market cap of A$2.90 billion. Operations: The company's revenue is derived from two main segments: Leisure, which accounts for A$1.38 billion, and Corporate, contributing A$1.13 billion. Estimated Discount To Fair Value: 37.2% Flight Centre Travel Group is trading at A$13.18, well below its estimated fair value of A$21, highlighting its undervaluation based on discounted cash flow analysis. Despite profit margins declining from 6% to 4.1%, earnings are expected to grow significantly at 23.65% annually, surpassing the Australian market's growth rate of 11.8%. The company has initiated a share buyback program worth A$200 million, funded by cash reserves, which could enhance shareholder value further. Our expertly prepared growth report on Flight Centre Travel Group implies its future financial outlook may be stronger than recent results. Click here and access our complete balance sheet health report to understand the dynamics of Flight Centre Travel Group. Overview: Nuix Limited offers investigative analytics and intelligence software solutions across various regions, including the Asia Pacific, the Americas, Europe, the Middle East, and Africa, with a market cap of A$797.07 million. Operations: The company's revenue is primarily derived from its Software & Programming segment, which generated A$227.37 million. Estimated Discount To Fair Value: 40.9% Nuix is trading at A$2.41, significantly below its estimated fair value of A$4.08, indicating a strong undervaluation based on discounted cash flow analysis. Its earnings are forecast to grow substantially at 53.98% annually, and the company is expected to become profitable within three years, outperforming average market growth expectations. Recently added to the S&P/ASX 200 Index, Nuix's revenue growth rate of 15.3% per year surpasses the Australian market average of 5.6%. Insights from our recent growth report point to a promising forecast for Nuix's business outlook. Navigate through the intricacies of Nuix with our comprehensive financial health report here. Unlock our comprehensive list of 38 Undervalued ASX Stocks Based On Cash Flows by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ALQ ASX:FLT and ASX:NXL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
20-05-2025
- Business
- Yahoo
ASX Stocks Estimated Below Fair Value To Watch In May 2025
The Australian market has recently experienced a boost, with the ASX200 closing up 0.58% following a rate cut by the Reserve Bank of Australia, highlighting strength in sectors such as IT and Real Estate. In this environment, identifying undervalued stocks becomes crucial for investors seeking opportunities to capitalize on potential gains, especially when certain sectors are showing resilience and growth prospects amidst broader economic shifts. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.975 A$1.76 44.6% Lynas Rare Earths (ASX:LYC) A$7.62 A$13.43 43.3% Austal (ASX:ASB) A$5.02 A$9.20 45.4% Charter Hall Group (ASX:CHC) A$17.98 A$34.25 47.5% SciDev (ASX:SDV) A$0.36 A$0.68 47.1% Polymetals Resources (ASX:POL) A$0.79 A$1.52 48% Genesis Minerals (ASX:GMD) A$3.89 A$6.75 42.4% Pantoro Gold (ASX:PNR) A$3.15 A$5.42 41.9% PointsBet Holdings (ASX:PBH) A$1.095 A$2.08 47.3% Superloop (ASX:SLC) A$2.57 A$4.52 43.1% Click here to see the full list of 39 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: Duratec Limited, with a market cap of A$396.25 million, provides assessment, protection, remediation, and refurbishment services for steel and concrete infrastructure assets in Australia. Operations: The company's revenue segments are comprised of Energy (A$62.54 million), Defence (A$193.48 million), Buildings & Facades (A$113.64 million), and Mining & Industrial (A$144.05 million). Estimated Discount To Fair Value: 23.4% Duratec is trading at A$1.57, significantly below its estimated fair value of A$2.05, indicating potential undervaluation based on cash flows. Analysts expect the stock price to rise by 22.7%, supported by forecasted earnings growth of 15.46% annually, outpacing the Australian market's 11.7%. Revenue growth is projected at 9.4% per year, exceeding the market average of 5.5%. Duratec's return on equity is anticipated to be high in three years at 34.8%. Insights from our recent growth report point to a promising forecast for Duratec's business outlook. Take a closer look at Duratec's balance sheet health here in our report. Overview: Mader Group Limited is a contracting company offering specialist technical services in the mining, energy, and industrial sectors both in Australia and internationally, with a market cap of A$1.24 billion. Operations: The company's revenue primarily comes from its Staffing & Outsourcing Services segment, which generated A$811.54 million. Estimated Discount To Fair Value: 23.8% Mader Group is trading at A$6.15, below its estimated fair value of A$8.07, highlighting potential undervaluation based on cash flows. Earnings are projected to grow 13.48% annually, surpassing the Australian market's 11.7%. Despite significant insider selling recently, Mader reaffirmed its fiscal year 2025 guidance with expected revenue of at least A$870 million and NPAT of at least A$57 million, supporting a robust financial outlook amidst strong past earnings growth. The analysis detailed in our Mader Group growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Mader Group. Overview: PolyNovo Limited designs, manufactures, and sells biodegradable medical devices in the United States, Australia, New Zealand, and internationally with a market cap of A$949.91 million. Operations: The company's revenue primarily comes from the development, manufacturing, and commercialization of the NovoSorb technology, amounting to A$115.58 million. Estimated Discount To Fair Value: 28.0% PolyNovo, trading at A$1.38, is below its estimated fair value of A$1.91, suggesting undervaluation based on cash flows. The company's earnings have grown significantly by 270.2% over the past year and are forecast to increase by 39.6% annually, outpacing the Australian market's growth rate of 11.7%. Recent unaudited results show strong revenue growth with A$91.6 million reported for the year to date as of March 31, 2025. Our expertly prepared growth report on PolyNovo implies its future financial outlook may be stronger than recent results. Click to explore a detailed breakdown of our findings in PolyNovo's balance sheet health report. Discover the full array of 39 Undervalued ASX Stocks Based On Cash Flows right here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DUR ASX:MAD and ASX:PNV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
