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Nitin Gadkari said. Speaking at the second edition of Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (Ficci) on Tuesday, Gadkari underlined technology upgradation and cost-effective solutions to tackle the unique challenges of India’s diverse terrain while maintaining high-quality standards. “We need to find out exactly which is the best technology that is cost-effective without compromising on quality,” he said, suggesting the need for adopting global best practices in infrastructure development.

interest rate cut in the cards at their Sept. 17-18 meeting. By the end of last month, when Federal Reserve Chair Jerome Powell said it was time to start lowering borrowing costs, nearly all of his colleagues thought so too. In large part, that was because a wide range of data moved in one direction. That pushed Fed policymakers to reassess the risks to their outlook, including whether their chief concern should be persistent inflation, labor market weakness, a deterioration in business or household financial conditions, a potential policy mistake, or some combination of those factors.

Vacationing abroad is fun, but things can go south quickly. What if you lose your luggage? Or worse, somebody mugs you? This happened to TV star Divyanka in July, when she and her husband travelled to Florence, Italy. Somebody broke into their car and stole their belongings including passports and ₹10 lakh in cash. The local police were of no help.

In the heart of Europe, Prateek Gupta and Neha Maheshwari are living a life many dream of—frequent European holidays and luxury cars. But behind this enviable lifestyle is a story of strategic financial planning that goes beyond indulgence. Despite moving from Bengaluru to Luxembourg in 2020, the couple has remained committed to investing exclusively in Indian stocks, carefully navigating the trade-offs that come with living abroad.

In a letter to shareholders dated 30 August, Jupiter said the fund's total AUM had fallen to around £37.4m, which was «below the level at which the fund could be managed cost effectively and remain economically viable, and the fund is unlikely to attract new material investors in the future». As a result, the board said that closing the fund would be in the best interests of shareholders. The portfolio is set to close on 30 September, at which time all compulsory shares will be redeemed for clients, or, they can transfer their investment to another Jupiter portfolio free of charge up ...

Adarsh Developers is close to a financial turnaround, as it repaid a Rs 750 crore structured finance facility from Edelweiss Alternative Asset Advisors raised in 2022. The repayment, aided by operational cash flow and lower-cost refinancing from banks, has helped the Bengaluru-based company reduce its cost of funds by 8-9 percentage points. The initial funding from Edelweiss, raised at over 20%, was used for reviving its residential projects and generating liquidity. Edelweiss had lent the money in two tranches, with Rs 450 crore in the first instalment. While Adarsh Developers used part of the Rs 1,900 crore it raised from a land sale to Mapletree Investments earlier this year to repay Rs 450 crore, it continued to finance the remaining debt.

ET Wealth Online. Removal of 18% GST on insurance premiums has been a longstanding demand of the various stakeholders of the insurance industry. Insurance customers also want the government to remove GST as the additional tax increases their financial burden. The debate over the 18% GST levied on life and health insurance premiums came to the forefront last month after various political leaders, including Union Minister of Road Transport and Highways Nitin Gadkari, urged Finance Minister Nirmala Sitharaman to rollback the tax. Will the central government finally remove 18% GST and bring down your life and health insurance premium? Read on to find out what experts are saying.

The International Longshoremen's Association, which has more than 47,000 members, said it had discovered that the gate was using technology to check and let in trucks without union workers, which it said violated its labor contract. «We will never allow automation to come into our union and try to put us out of work as long as I'm alive,» said Harold J. Daggett, the union's president and chief negotiator in talks with the United States Maritime Alliance, a group of companies that move cargo at ports.

Defence sources indicated that the Defence Acquisition Council (DAC) is expected to approve issuing a tender worth approximately Rs 70,000 crore to Indian shipyards under the 'Make in India' initiative, including private sector shipyards.

Legal & General Investment Management and Aviva Investors are among 80 institutions that have signed an open statement seeking an international framework and scientific panel to address the challenge of bacterial resistance around the globe. Antimicrobial resistance, also known as AMR, kills nearly 1.3 million people a year and occurs when germs become resistant to drugs. If left unchecked, it could lead to an estimated $1 trillion in additional healthcare costs by 2050, as well as a 3.8% loss of global gross domestic product and about 10 million deaths annually, according to a report published last month.

A gas traders playbook Every trader is like a cricket batsman. A batsman knows he cannot score a boundary on every ball. He focuses on taking a single or a double as often as possible, and waits for an opportunity to score a perfect boundary.

Volkswagen says it's not getting the cost reductions that it needs — and won't rule out plant closings in its home country Germany

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

Delhi High Court has permanently restrained Taj Iconic Membership's managing director from using «Taj» name in its contents, corporate name, logo in a trademark suit filed by the Tata group of companies. The court directed the transfer of the domain name of Taj Iconic to IHCL. Justice Mini Pushkarna said "...it is apparent that the use of the various contents and photographs available on the plaintiff's (IHCL) website, by the defendant (Taj Iconic) in relation to business activities, has the effect of inducing the consumers and members of the trade to falsely believe that the defendant has a direct nexus or affiliation with the plaintiff.” “Further, the fraudulent and illegal trade activities of the defendant has also the effect of causing incalculable harm and injury to the business, goodwill and reputation associated with the plaintiff‟s associated mark,” the HC said, while directing the managing director of Taj Iconic to pay damages of to the tune of Rs 10 lakh and cost of Rs 5 lakh to IHCL, which is a part of the Tata group of companies.

The project will generate direct employment for about 102 lakh man-days, or what Vaishnaw described as «human days», during the construction. Prime Minister Narendra Modi said in a post on X, «Today's Cabinet decision will improve connectivity between Mumbai and Indore. In addition to boosting commerce, it will also provide employment opportunities to several people.»

Travel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research.

journalist Mark Gurman, Apple is currently working on a new iteration of the Magic Keyboard, aimed at its lower-tier iPads or potentially the iPad Air. This accessory, expected to make its debut in 2025, will likely lack some of the premium features found in the iPad Pro’s keyboard, such as the aluminium top case.

What do travelers want from an Airbnb right now? Their hosts have an answer: too much. The number of short-term rentals on sites such as Airbnb and Vrbo hit a record high in July, according to AirDNA, a market-research firm. Hosts now have more competition for bookings, while guests have more options.

Sheikh Hasina resigned and fled to India, is awash with anti-India sentiment. That's because Hasina, who has been friendly with India, has taken shelter in India and an Islamist opposition including the main opposition party, the Bangladesh Nationalist Party (BNP), and Jamaat-e-Islami feel empowered after Hasina's ouster. In fact, the BNP, which used to provide launch pads to anti-India terrorists during its rule, had started an «India Out» campaign months before Hasina's ouster. The BNP was understood to have taken a cue from Maldives ruling party that launched the “India-Out” campaign to win presidential polls last year. While Maldives President Md Muizzu’s “India Out” campaign was allegedly backed by China, the BNP is seen to be backed by Pakistan and many Western countries. While the interim government has said it will cooperate with India, anti-India sentiment has only increased along with attacks on the Hindu minority. Recently, one of the advisers to the interim govt, Mohammad Nahid Islam, blamed India for floods in Bangladesh. Islam alleged that flooding of districts on the eastern borders of Bangladesh had been caused by the opening of Dumbur dam upstream of the Gumti river in Tripura. India refuted his allegations.

Monsoon contamination: Monsoon rains often lead to water contamination with bacteria, viruses, and pollutants, making water purifiers essential for safe drinking water.Poor municipal supply: In many areas, municipal water supply is inconsistent and may contain impurities. Water purifiers provide clean water despite unreliable sources.Underground water risks: Many rely on underground water, which may be contaminated with chemicals like fluoride and arsenic.

Vedanta board on Monday approved the third interim dividend of Rs 20 per equity share for the financial year 2024-25. The total dividend payout will amount to Rs 7,821 crore. The company has set the record date on September 10, 2024.