Highways Financial News

Delhi-Meerut Expressway and Eastern Peripheral Expressway from Monday onwards, as the National Highways Authority of India (NHAI) is gearing up to revise its toll tax rates by 5%, reported The Times of India.

Tyres manufactured in India are succeeding in testing international conditions and are being accepted by global customers, said Apollo Tyres managing director Neeraj Kanwar.

Kuki-Zomi-Hmar MLAs of the Manipur Legislative Assembly is indeed truth, serious allegations are raised against the State Government, claiming deliberate neglect of development projects in the Hill Districts of Manipur since the outbreak of ethnic violence on May 3, 2023.

Southwest Monsoon made an early onset over Kerala, widespread rains lashed several parts of the state triggering landslides, uprooting trees and leading to waterlogging. Kottayam, Idukki and some parts of Ernakulam have been witnessing intense downpour since Friday night.

Tesla is recalling more than 125,000 vehicles to fix a seat belt warning system that may increase the risk of an injury in a collision

Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles.

Jammu and Kashmir were suspended for alleged dereliction of duty on Friday, a day after 22 people were killed and 64 injured in a bus accident in Jammu district. The tragic incident occurred on Thursday, when the bus carrying 86 devotees from Haryana's Kurukshetra and heading towards the Shiv Khori shrine in Jammu and Kashmir's Reasi district skidded off the Jammu-Poonch highway and plunged into a 150-foot gorge. The driver lost control of the vehicle while negotiating a blind curve at the Tungi morh in the Chowki Chora area. Transport department Secretary Niraj Kumar ordered the suspensions and a probe after a high-level meeting was chaired by Principal Secretary of the Home department Chandraker Bharti. «Pending enquiry into the conduct and dereliction of duties, officials posted in the Regional Transport Office in Kathua (Lakhanpur) are placed under suspension with immediate effect and are attached in the office of Transport Commissioner, Jammu,» Kumar said in an order.

KNR Constructions, one of the leading companies providing engineering, procurement, and construction (EPC) services, gained 10.6% in today's intraday trade, reaching a new 52-week high of ₹309.80 per share. This surge followed the company's healthy performance in the March-ending quarter and for the full fiscal year (FY24).

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Pakistan's key ally China has been actively bolstering the defence capabilities of the Pakistani army along the Line of Control (LoC) in Jammu and Kashmir over the past three years which includes the construction of steelhead bunkers and the provision of Unmanned Aerial and Combat Aerial Vehicles, officials said on Wednesday. Chinese assistance also extends to the installation of highly encrypted communication towers and the laying of underground fibre cables along the LoC. Moreover, advanced radar systems of Chinese origin, such as the 'JY' and 'HGR' series, have been deployed to enhance medium and low altitude target detection capabilities, providing crucial intelligence support for army and air defence units, they said. Additionally, the presence of the SH-15, a 155 mm truck-mounted howitzer gun manufactured by a Chinese firm, has been noticed at various locations along the LoC.

₹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.

life. Many narrow lanes and busy roads in Kochi and adjacent areas were submerged due to continuous downpour since early morning. People could not venture out of their homes in many areas of the port city as roads were flooded. Vehicles were seen moving at snail's pace on highways following the rains. Normal life was hit in the Kakkanad-Infopark and Aluva-Edappally areas due to waterlogging. The city and rural areas of the capital district of Thiruvananthapuram witnessed heavy rains since Monday night. Trees were uprooted and streams were overflowing in villages of Thiruvananthapuram district. In nearby Neyyattinkara, a house was severely damaged after an uprooted tree fell on it during heavy rains accompanied by winds. Nedumangadu, Neyyattinkara, Kattakkada, and Amboori areas, located in the high ranges of the district, received widespread rainfall. According to locals, a portion of a hill behind the famous Bali mandapam at Papanasam in nearby Varkala caved in because of heavy rains. The eco-tourism centre in hill station Ponmudi was closed following bad weather.

Mizoram amid incessant rain on Tuesday morning, police said.The incident happened around 6 am in an area between Melthum and Hlimen on the southern outskirts of the town, they said.A body was recovered, while several others are trapped under the debris, they added.Although rescue operations are underway, incessant rains were affecting it, police said.The rains triggered landslides at several places in the state as well, officials said.Aizawl has been cut off from the rest of the country due to a landslide on National Highway 6 at Hunthar, they said.Besides, several intra-state highways have also been disrupted by landslides, they said.Meanwhile, all schools in the state were closed due to the rains.(This is a breaking news)Milestone Alert! Livemint tops charts as the fastest growing news website in the world

rise in raw material and land prices—under Bharatmala Pariyojana by the Union cabinet is a big reason. There have also been delays in execution of projects awarded under the hybrid annuity model that makes up more than half the projects awarded from FY21 to FY24. A third of these are facing delays of up to six months.

Top Events this week: This week was marked by significant events across various sectors. In Pune, a tragic car crash involving a juvenile driver led to the arrest of his father, while a bus accident on the Ambala-Delhi National Highway claimed seven lives. Legal troubles arose in Delhi as Chief Minister Arvind Kejriwal’s personal secretary faced judicial custody.

Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches

Highway construction targets to be lowered in FY25 in spite of post-election growth agenda“In the last couple of years, about 8-10 awarded highway projects faced substitution as original sponsors could not get financial closure. But most of the projects facing stress have been bid on HAM model where risks are lower for developers as payment is guaranteed over a period in the form of annuity.

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd has approved Rs 3.94 per unit distribution to ordinary unitholders aggregating Rs 508 crore for Q4 FY24. The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it said in a statement. «The Board of Directors of the Investment Manager has declared a distribution per unit (DPU) of Rs 3.94 to ordinary unitholders, amounting to a total distribution amount of Rs 508 crore,» the statement said.

Karnal | Panipat: A former CM and the currentCM are in the fray in Karnal — one contesting for the Lok Sabha elections and the other for the state assembly bypoll. Manohar Lal Khattar, who was replaced as Haryana CM, is contesting the Lok Sabha election after resigning from Karnal assembly seat. His successor Nayab Saini is contesting the by-poll from the same assembly seat. But more than the CM and the former CM, it is the two other candidates — Congress' Divyanshu Budhiraja and NCP-INLD joint candidate Virender Maratha — who have created a lot of buzz in this constituency, where the BJP registered the second highest margin in the previous Lok Sabha polls. Karnal is seen as one of the better seats for the BJP which its precursor, Jan Sangh, had won for the first time in 1962. While Karnal is hub for rice millers, dairy players and the footwear industry, Panipat in a handloom industry centre.

Pakistan-Occupied Jammu and Kashmir, All India Majlis-e-Ittehadul Muslimeen chief Asaduddin Owaisi asked the BJP on Wednesday what they have done in the last 10 years to get back PoK? Owaisi also mentioned that he also wants that PoJK should be included in India but this issue only comes forward during the elections. «Now they (BJP) are not saying '400 paar'. The real issue is that the prices of petrol have crossed Rs 100 and the incidents of paper leaks are taking place in Varanasi, from where PM Modi is a candidate. They talk about Pok, but what have they done in the last 10 years to get it? We are also saying that PoK is a part of India and we should get it back but the issue of PoK only comes forward during elections,» he said.

Delhi: Prime Minister Narendra Modi on Wednesday tore into the INDIA bloc accusing it of being extremely "communal, casteist and nepotistic" as he alleged that all parties which are the Congress are to be blamed for the anti-Sikh riots. Addressing a rally in Dwarka, he said the BJP's development model is committed to 'nation first' but for the Congress and the INDIA grouping, the only agenda is 'family first'. «The country also understands that if by mistake any vote is cast in favour of INDI alliance, that vote is not going to be of any use to the country. Every vote given to BJP will strengthen the resolve of 'Viksit Bharat'. That is why this huge sea of people is also saying in one voice 'Phir Ek Baar Modi Sarkar',» he said. Attacking the Congress and the INDIA bloc, he said in Delhi, Sikhs were burnt alive.