Highways Financial News

Centre has refuted Tamil Nadu CM M.K. Stalin's allegations that it was withholding funds for development projects in the state.

capex agenda and retain focus on fiscal discipline, PSU stocks from the stable of railways and defence are leading the bull run with up to 77% return in just one month. A pre-Budget rally has taken most of these PSU stocks to fresh all-time high levels even as purists find the valuations to be quite bizarre when compared to their fundamentals. The current leg of the bull run has been largely led by Modi stocks — being used to denote scrips related to capex and infrastructure-linked sectors.

The open sewer runs straight for 10 kilometres. In a gorge about 8 metres deep and 50 metres wide, with sides sloping such that 20 metres of its width in the middle is flat. The 6-metre-wide sewer is in the middle of this flat stretch.

Toyota has come out with an all-new 2024 Land Cruiser

Uttar Pradesh government will speak to anyone required for its inquiry into the July 2 Hathras stampede, a probe panel member said on Sunday when asked if self-styled godman Bhole Baba will also be questioned. The commission will also issue a public notice soon, asking local people and witnesses of the tragic incident to share any evidence related to the stampede, along with their statement, another member and chairperson of the panel retired Allahabad High Court judge Brijesh Kumar Shrivastava told reporters in Hathras. «The commission will speak to anyone required for the Hathras stampede probe,» former Indian Police Service (IPS) officer Bhavesh Kumar said when asked if the judicial panel will question the 'godman' as well.

General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards

construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarter. Revenue of these companies is expected to grow by 2-7% year-on-year while net profit may increase by 3-10%. In the year-ago quarter, these companies had reported a strong profit growth of 33-53% while revenue had grown by 2-33%. In FY24, revenue and profit had increased in the range of 9-34% and 9-69% respectively. According to the data shared by the Ministry of Road Transport and Highways (MoRTH), the construction of national highways fell by 12% year-on-year to 1,288 km in the first two months of FY25. This fall was largely because of weak awarding of projects. Historically it has been observed that the awarding of road projects slows down when there are general elections in a fiscal. A weak order flow coupled with a slow pace of project execution will culminate into muted revenue and profit growth for the sector.

Cabinet Committee on Accommodation, Economic Affairs, Parliamentary Affairs, Political affairs, Security, Investment and Growth and Skill Employment and Livelihood. The Appointments Committee of the Cabinet includes Prime Minister Narendra Modi and Home Minister Amit Shah. The Committee on Accommodation features Shah, Minister of Road Transport and Highways Nitin Gadkari, Finance Minister Nirmala Sitharaman, Minister of Housing and Urban affairs Manohar Lal, and Minister of Commerce and Industry Piyush Goyal. The committee will have Minister of State (Independent Charge) of Ministry of Science and Technology Dr Jiterndra Singh as a special invitee.

The U.S. government’s auto safety agency is investigating a potential “loss of motive power” in more than 94,000 Jeep Wrangler 4xe vehicles, after receiving complaints for cars outside the scope of an earlier recall involving an engine shutdown conditi...

Budget 2024 scheduled in the coming weeks, the Finance Minister is expected to make announcements that will set the path for India to achieve the vision. Towards this, the government may look to providing various incentives to taxpayers, especially on capital gain taxation boosting investment and in providing stimulus to the housing sector, alleviating procedural complications and differing operations mechanics based on asset classification, holding period, etc. Now, all eyes are on the upcoming Budget. Budget 2024: Here is the list of expectations an individual taxpayer would have with respect to a property sale transaction.

Nashik (Maharashtra) [India], July 9: KBC Global Ltd ( Previously known as Karda Construction Limited ) BSE - 541161, a prominent player in the construction and real estate development sector has handed over possession for 100 plus residential cum commercial units in its various ongoing projects in Nashik, Maharashtra. The group has handed over possession for total of 109 units from April 2024. Company handed over 76 units of Hari Kunj Mayflower Project, 19 units of Hari Krishna Phase IV projectOut of the total units handed over during the period, the company has handed over possession of 76 units of the project Hari Kunj Mayflower (MAHARERA Reg no: P51600020249), a residential cum commercial project situated at Karmayogi Nagar, Nashik ,Maharashtra - 422 009.

flood plan to safeguard lives and property amid forecasts of an above-normal monsoon rainfall in most of the country in July and August. A senior government official told ET that the plan includes identifying vulnerable locations, drawing up alternate diversion routes and deploying emergency response teams at critical points. Besides, all vulnerable slopes and tunnels will be monitored in real time.

Vehicular movement on the Badrinath National Highway in Chamoli district has been blocked due to the falling and piling up of debris at five places in Chamoli district. Taking to the microblogging site, Chamoli Police, Uttarakhand, posted on X, «The Badrinath National Highway has been blocked due to debris near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala and Helang in Chamoli district.» The disruption has affected the busy routes, leaving many commuters and locals stranded.

Heavy rains triggered landslides and flash floods killing at least 11 people in the last 36 hours in Nepal and blocking key highways and roads, officials said on Sunday. Eight people were missing, either washed away by floods or buried in landslides, while 12 others were injured and being treated in hospitals, police spokesperson Dan Bahadur Karki said. «Rescue workers are trying to clear the landslides and open the roads,» Karki told Reuters, adding heavy equipment was being used to clear debris.

NHAI) on Tuesday entered into a memorandum of understanding with the Survey of India for development and validation of GIS-based land acquisition plan for upcoming national highway projects in India. The agreement aims at leveraging geospatial technology and development of standard operating procedures for GIS-based land acquisition plan to enhance land acquisition planning as well as preparation of terms of reference for consultants. “The detailed project reports will outline the technical specifications for the GIS-based land acquisition plan,” NHAI said.

Arunachal Pradesh on Thursday, officials said. The districts affected by landslides are Siang, East Siang, Upper Siang, West Siang, Shi Yomi, Leparada and Upper Subansiri. A portion of the NH-13 along the Pasighat-Pangin-Aalo road has blocked following a landslide on Thursday morning. A huge boulder has completely blocked the road in between Lokpeng and Pangin tri-junction in Siang district, PWD Highways assistant engineer Gemar Padu said. The road is being cleared by engaging men and machinery for light motor vehicles to pass through, he said.

Junagadh district of Gujarat were cut off as roads leading to them got submerged following heavy rains. Vanthali in this district recorded 361 mm of rain in the 24-hour period ending Tuesday morning. Drone visuals by news agency PTI highlight the extent of the flooding.

Dhami said on Saturday that a master plan of Rs 424 crore has been prepared for the upgradation of facilities at Badrinath temple in the state. The Chief Minister said that his government is committed to developing the pilgrimage sites of the states with better coordination of ecology and economy. «A master plan of Rs 424 crore has been prepared for upgrading facilities at Shri Badrinath temple, under which development work is in progress. Our government is committed to developing the pilgrimage sites of Devbhoomi with better coordination of ecology and economy,» Dhami said on X.

Mumbai-Nagpur Expressway, also known as Samruddhi Expressway, in Jalna district of Maharashtra, police said on Saturday. The incident occurred around 11 pm on Friday near Kadvanchi village, they said. The victims were residents of Malad (East) in Mumbai and Buldhana district, the police said. «A multi-utility vehicle (MUV) going from Nagpur to Mumbai and a car heading in the opposite direction collided head-on, resulting in the death of six persons on the spot. One more person succumbed to injuries at a hospital later,» a police official said. The impact of the collision was so severe that the MUV broke through the crash barrier and fell off on the left side of the road. Local villagers and police rushed to the scene to rescue the persons trapped in mangled remains of the vehicles, he said.

₹12,000- ₹13,000 a month, which is often barely ₹5,000 more than what they earn in their hometown. Ajit Gulabchand, chairman of engineering and construction firm HCC Ltd, noted that there was a “clear shortage of both skilled and competent workforce who are heading for not just the Middle-Eastern countries but even Russia". The chairman of the Mumbai-headquartered firm that works on highway, roads, bridges, etc., stressed on taking immediate steps to improve the gap.

NEW DELHI : The nearly three-month-long election process slowed down the construction of highways in the first two months of fiscal year 2024-25 despite the Centre front-loading capital expenditure, showed data from the ministry of road transport and highways (MoRTH). The highway construction fell by12% to 1,288 kilometres in April-May from 1,465km in the year-ago period, showed the data. Besides, the government awarded only one 4km road project during the two months, compared to road projects of 382 km a year ago “due to the imposition of the Model Code of Conduct", the road ministry said in an office memorandum on Friday.