Highways Financial News

cloudburst in Ganderbal district of Jammu and Kashmir has caused significant damage to a road, leading to the suspension of traffic on the Srinagar-Leh national highway, officials told PTI on Sunday. The road was damaged during the intervening night. «The traffic on Srinagar-Leh road has been suspended till further notice due to road damage at Kacherwan in Ganderbal district,» an official of the traffic control room said. A police official mentioned that some buildings, including residential houses, have been damaged as well due to the flash floods triggered by the cloudburst.

U.S. auto safety regulators are a step closer to seeking a recall of nearly a million Dodge Journey SUVs after a woman was trapped and died in a 2022 vehicle fire

Pakistan's ethnic Baloch protestors have decided to call off a nearly week-long sit-in in the coastal city of Gwadar against alleged human rights violations in the resource-rich Balochistan province after «successful negotiations» with the provincial government, the authorities said on Friday. The Baloch Yakjehti Committee (BYC) had been holding protests at the city's Marine Drive area against the alleged human rights violations, enforced disappearances and alleged extrajudicial killings in Balochistan. Balochistan's interior minister Mir Zia Ullah Langov held talks with BYC leader Dr Mahrang Baloch, a young woman from the province, and the two sides signed a seven-point agreement. «Negotiations between the Baloch Yakjehti Committee and the district administration have been successful and the organisers of the committee have agreed to end their sit-ins across the province,» Langov said in a statement.

Prime Minister Narendra Modi, on Friday approved the development of eight national high speed corridor road projects with a length of 936 km at a cost of Rs 50,655 crore, aimed at improving logistics efficiency, reducing congestion and enhancing connectivity across the country. “Implementation of these eight projects will generate an estimated 4.42 crore mandays of direct and indirect employment,” the government said in a statement issued after the meeting. The projects are spread across Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Maharashtra and Assam.

Supreme Court said on Friday while wondering why public interest litigations (PILs) are filed when infrastructure projects like highways are launched. The apex court's observation came while dealing with a petition over construction work for doubling of the railway tracks on the Vasco Da Gama-Kulem section of Tinaighat-Vasco Da Gama route in Goa. «We are only wondering why this happens only in this country that when you start constructing a road in Himachal (Pradesh), the PILs come. When you start constructing a highway, national highways, the PILs come,» a bench of Justices Surya Kant and R Mahadevan observed. «You tell us a single internationally famed tourist resort where the railway facility is not there,» the bench told the petitioner's counsel, adding, «Go to the Alps mountains and they take you through the snow in train.»

U.S. road safety investigators say they will look into an April crash near Seattle after authorities determined that a Tesla was operating on the company’s “Full Self-Driving” system when it hit and killed a motorcyclist

U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should be recalled

The Navajo Nation plans to test the limits of a tribal law that banned the transportation of uranium ore on its lands

Tesla is recalling more than 1.8 million vehicles because of a hood issue that could increase the risk of a crash

prospectus (DRHP) with market regulator SEBI to raise funds via the initial public offering (IPO) route. The IPO will be a fresh issue of 40.86 lakh equity shares with a face value of Rs 10 per share.

Wedding services startup Meragi has raised $9.1 million in a funding round led by venture capital fund Accel.

Karnataka exceeding the speed of 130 kilometres per hour will face FIRs for rash and dangerous driving. Alok Kumar, Additional Director General of Police (Traffic and Road Safety), announced this measure to combat the high incidence of fatal accidents attributed to over-speeding in the state.

Residents of Slocan, B.C. and surrounding areas have been ordered to evacuate.

N Biren Singh had discussion about the situation in the state with Union Defence minister Rajnath Singh.

Bank of India (BoI) have received Rs 334 crore from accumulated toll collections of the previously IL&FS-owned Pune Sholapur Road Development Co Ltd (PSRDCL). They are also set to get another Rs 87 crore as part of a restructuring deal with its new owners, Roadstar Infra Investment Trust (Invit), a person aware of the deal said.

It took less than two days for fast-moving wildfires to reach the Alberta Rocky Mountain town of Jasper, where multiple structures were burned Wednesday night.

BMW is recalling more than 291,000 SUVs in the U.S. because the interior cargo rails can detach in a crash, increasing the risk of injury

Now that the townsite in Jasper National Park has been evacuated because of the threats posed by at least two wildfires, Alberta’s forestry and parks minister said Wednesday that he expects his government will make a request for assistance from the Canadian Armed Forces.

Tatyana Ozolina, known to her millions of followers as “MotoTanya,” has tragically died in a motorcycle accident in Türkiye. The 38-year-old Russian social media star was renowned for her daring motorcycle adventures around the globe. Her life was cut short on the Milas-Soke highway in Mugla province, where her red BMW motorcycle collided with a truck, according to turkiyetoday.com reported.

defence and railways, that dominated the previous budgets were missing this time. This was a Budget for coalition partners, towards which Nirmala Sitharaman has loosened the purse strings. A special financial support of ₹15,000 crore will be extended to Andhra Pradesh via multilateral agencies for development.

budget, highlighting the coalition compulsions of the NDA government, but not the special status that BJP's allies from the state have been demanding.