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revision in toll plaza rates is an annual exercise, and the increase or decrease in the prices is based on the changes in the wholesale price index-based inflation.The decision to increase toll plaza rates was made two months after the Election Commission of India asked NHAI to collect the increased toll plaza rates after Lok Sabha elections 2024. This timing is significant as it aligns with the completion of the election process."The process required for the decision on the power tariff may be continued by the State Regulatory Commission.

₹5,000-crore package is being worked out through a new VGF scheme to incentivise construction of inland vessels, with plans to later extend the support for entities manufacturing sea-bound vessels including cruise ships.One of the two persons said that under SBFA, the incentives in the form of 20% capital support may be reinstated for all kinds of shipbuilding, with the period of incentives being extended by four years from present sunset period of 2026 to align it with Maritime India Vision 2030. Under the Maritime India Vision, India aims to develop world-class mega ports, transhipment hubs and infrastructure modernization of ports.The SBFA scheme may be considered for further extension by another six years till 2036, in line with new targets set under the recently formulated The Amrit Kaal Vision 2047, the person quoted above said.Also Read: What an ‘Indian Club’ means for the country's shipping industryIn addition, a new VGF scheme may be launched to encourage the construction of inland vessels and ships with plan to extend this support in addition to any other incentive programmes for manufacturing commercial blue water ships.Under SBFA, financial assistance is provided to domestic shipyards for shipbuilding contracts signed between 1 April 2016 and 31 March 2026 with the rate of financial assistance starting at 20% in 2016 and diminishing to 11% in 2026.

election verdict on June 4, exit polls already have a resounding majority for the Modi government, bringing much-needed cheer to market participants. NDA is forecasted to win 370 seats, according to the average of all exit polls and the markets are likely to react positively to pollsters' predictions.

Also Read: NASA shares tips for enjoying 'parade of planets 2024' on June 3: ‘Look for reddish…’Planetary alignment is a term referred to a rare positioning of planets in the solar system. The planets are aligned in such a way that all of them appear to come in a straight line.

exit polls, the BJP-led NDA is making inroads in the southern states. The extensive campaign led by PM Narendra Modi and the new alliances are working in favour of the party, As per the exit polls, BJP is winning big in Karnataka, Telangana, Andhra Pradesh and marking an entry in Tamil Nadu and Kerala.

₹19.44, marking a 54.47% increase from the previous year.Cummins India recorded a -4.31% return in the last week, while boasting impressive returns of 88.4% over the past 6 months and 83.14% year-to-date.With a market capitalization of ₹99703.29 Cr, Cummins India's 52-week high/low stands at ₹3900 & ₹1653.3 respectively.Analysts covering the company have varied recommendations, with 2 analysts giving a Strong Sell rating, 5 analysts a Sell rating, 8 analysts a Hold rating, 3 analysts a Buy rating, and 6 analysts a Strong Buy rating.As of 01 Jun, 2024, the consensus recommendation for Cummins India was to Hold, aligning with the declared final dividend of ₹20.0 with an ex-dividend date of 19 Jul, 2024.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹538.86CrQuestion : What is Q4 revenue?Ans : ₹2319.02CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

U.S. Senate and House of Representatives have invited Israeli Prime Minister Benjamin Netanyahu to address a joint meeting of Congress, House Speaker Mike Johnson announced on Friday, though the date of the speech has not been set. The letter inviting Netanyahu was signed by Johnson, Democratic Senate Majority Leader Chuck Schumer, Senate Republican Leader Mitch McConnell and House Democratic Leader Hakeem Jeffries.

These affordable options are designed with ergonomic features that ensure proper alignment and support. From adjustable heights and massage surfaces to durable constructions and non-slip bases, the best footrests under 1000 rupees offer a range of benefits that enhance your sitting experience. Investing in a good footrest is not just about comfort—it's about maintaining your health and productivity throughout the day.

OnePlus Nord 4 is set to debut in the third week of July, with the company planning an in-person event to unveil the new Nord phone.Previous media reports indicated that the OnePlus Nord 4 would be released in the latter half of 2024, which aligns with a potential July launch. This recent leak is the first to provide a specific timeframe for the Nord 4's launch.

Boxing Federation of India (BFI) on Friday parted ways with the suspended IBA and joined the breakaway World Boxing in a bid to counter the threat to the sport's Olympic future. The move comes months after the International Olympic Committee reiterated its threat to leave boxing out of the 2028 Los Angeles Olympics if national federations continued to align themselves with the International Boxing Association (IBA). «It is absolutely vital to the sustainability of boxing that it retains its Olympics status, so we are delighted to join World Boxing,» BFI president Ajay Singh said in a press release.

Equity markets remained under pressure for the fifth consecutive day as the selloff mood continued ahead of the exit poll data and mega election verdict. «Global markets remained under pressure due to rising bond yields and denting hopes of rate cut. We expect market volatility to heighten as we approach the general election outcome,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Advisors have more options than ever as to how they go independent, according to a new study out from Schwab Advisor Services. Their prime reason for going solo, however, remains the freedom to serve their clients’ best interests.

Creditors have been able to recover nearly half their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution has been completed within the 330-day deadline but delays lowered the proportion of money they got back. Creditors recovered as much as 49% of claims when the IBC process was finished on time but this dropped to 26% when it took 600 days or more, according to Insolvency and Bankruptcy Board of India (IBBI) data. The IBC was introduced eight years ago, in May 2016. The latest data by the bankruptcy regulator establishes the cost of delays in insolvency resolution, going beyond anecdotal evidence. Insolvency resolution holdups, caused mainly by litigation, have been the IBC's gravest challenge, experts said. They called on the government to address this in amendments to the IBC--introduced in May 2016--that are expected to be made once the next government is in place. The IBC by itself isn't a recovery tool but a law that facilitates the market-driven resolution of stressed firms. However, recoveries through this route have often been flagged to gauge its efficacy. The resolution of 947 stressed companies under the IBC over these years has fetched creditors ₹3.36 lakh crore, or 32.1% of claims. A company's insolvency resolution takes an average 679 days, pointing to the scourge of delays.

EET Retail, the retail division of EET Fuels, has reopened two new service stations recently, with more expected to be opened throughout the year ahead, the firm said Wednesday. «Newly branded Spalding service station and Oakham service station (in the UK) signal a new era of convenience and service for the Essar consumer brand,» it said. This expansion is part of a strategy to develop a significant portfolio of Essar-branded fuel retail outlets and establish a nationwide presence, aligned with EET Retail's vision to become the UK's 'retailer of choice' to consumers.

Star Walk' claimed in an article published on April 25, 2024, that six planets, including Jupiter, Mercury, Uranus, Mars, Neptune and Saturn can be seen aligned in a straight line on June 3, too much hype and hoopla was created. At a time when people, particularly those in the US, scramble to watch the rare astronomical spectacle, the news is coming that may dampen the spirit of euphoria. Now experts say they will not all be visible from Earth with the naked eye.

Wealth Enhancement Group has closed another deal in the south with an independent RIA in Houston, Texas.

Avaada Group's arm Avaada Energy on Wednesday said it has secured Rs 315 crore financing from Aseem Infrastructure Finance for a captive solar project in Karnataka. Aseem Infrastructure Finance Ltd (AIFL) is an IFC (Infrastructure Finance Company) established with the aim of playing a transformative role in the growth of Indian infrastructure debt financing, according to a company statement. Avaada Energy, a leading player in the renewable energy sector, has secured financing for its solar PV power project, which is being developed under a long-term captive Power Purchase Agreement (PPA) with the Karnataka Cooperative Milk Producers' Federation Ltd (KMF), the statement said. The project is located in the Kalaburagi district of Karnataka. KMF, the apex body for the dairy cooperative movement in Karnataka, is rated A+ (Stable) by ICRA.

OpenAI has formed a Safety and Security Committee that will be led by board members, including chief operating officer Sam Altman, as it begins training its next artificial intelligence model, the artificial intelligence startup said Tuesday. Directors Bret Taylor, Adam D'Angelo and Nicole Seligman will also lead the committee, OpenAI said on a company blog.

solar eclipse that thrilled the US when millions of people watched this spectacle, another solar spectacle, though of less magnitude, will thrill the people once again. As it happens every year at the end of the may, tens of thousands of people including tourists are most likely to gather on the streets of Manhattan for a spectacular view of the sun setting in the west, flanked by the city’s famous streetscapes. Called Manhattanhenge, this has become an annual spectacle in the city of New York every year. Talking to the 'New York Times', Jackie Faherty, an astronomer at the American Museum of Natural History said, «I think of it as astronomy in your face.» He said further that the event’s popularity goes beyond an interest in science. Besides, many people love a good photo-op and Manhattanhenge offers this opportunity.

Narendra Modi reiterated the need to encourage business and not demonise it. The PM's support is welcome. Post-Independence governments had a socialist mindset, leading to many perverse incentives and disincentives for India Inc. This narrative spread beyond political and bureaucratic circles to shapers of public opinion, mass media and popular culture. Expectedly, businesses and livelihood creators responded to these disincentives by gaming the system. The licence raj was less about business excellence or competition, and more about how to manipulate licences and create monopolies. In that era, black marketing, hoarding and smuggling were common. Low economic growth and insignificant job creation led to poor economic opportunities for the first post-1947 generation. They had to endure a 7-year wait for a scooter, and had to get permits for cement, steel and landline phones. The well-educated wanted their children and wards to get into top state jobs and the armed forces to escape this shortage economy.

₹20-trillion plan envisages construction of more than 75,000 km of highways over the next 15 years, including 50,000 km of access-controlled highways or expressways, one of the two persons said on condition of anonymity. As of now, about 4,000 km of centrally funded access-controlled highways have been built. Queries sent to MoRTH remained unanswered till press time.