Articles

Russian investor gives Ener1 fresh start

A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc. Boris Zingarevich supplied $50 million for Ener1’s March 30 exit from bankruptcy and is moving its headquarters from New York to Indianapolis—already home to its core subsidiary, EnerDel.

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Allison’s private-equity owners to get IPO spoils

When Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the more than $500 million that’s expected to be raised would go to its private-equity owners.

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State to motorists: You break it, you buy it

Crash into a guardrail and chances are now higher that your insurer—or you—will get a repair bill from the Indiana Department of Transportation. INDOT has deployed a new way of tracking damage to state property at crash scenes and quickly collecting money from those responsible.

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New road contracts are built for speed

A bidding method being used more often by the state is likely to reduce misery for motorists and merchants in the path of a highway project. Project completion time is now a major consideration in reviewing road-work bids that were traditionally evaluated almost entirely on cost.

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