Highways Financial News

₹2,72,241 crore of the capex allocated to the ministry of road transport and highways (MoRTH) in the budget has been spent. In the previous fiscal year, this level of spending was achieved only by the end of May. In FY24, the total capex outlay for MoRTH stood at ₹2,58,606 crore and actual expenditure at the end of May stood at ₹59,078 crore, or just over 22% of the outlay.

Mumbai's Ghatkopar at 8 pm from Shreyas Cinema on LBS Road to Gandhi market on Wednesday, May 15. To avoid security lapses, Mumbai police issued traffic guidelines for the day. Multiple routes including LBS road in Ghatkopar will remain closed for some hours.

Residents of several neighbourhoods in Fort McMurray have been ordered to leave their homes as a wildfire rages out-of-control south of the community.

The U.S. government’s highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymo’s self-driving vehicles

Federal auto safety regulators are warning people not to stick decals on their steering wheels because they can be hurled at drivers if the air bags inflate in a crash

Also Read: Stocks to buy: Sumeet Bagadia recommends 5 breakout stocks today — May 14 Here are HDFC Securities’ fundamental stock picks: HG Infra Engineering has maintained a robust order book and de-risked its business by reducing its reliance on road orders by venturing into Rail, Metro and Solar projects. On the order inflow front, the company expects ₹11,000 - 12,000 crore, with ₹8,000 crore, ₹1,000 crore and ₹2,000 crore from highways, solar and water/ railways, respectively. Its FY25 revenue growth guidance stands at ~15-20% with an EBITDA margin of ~16%.

The sensational Himalayan tunnel rescue operation in Silkyara, lasting 17 days, riveted the nation’s attention. The deployment of foreign experts, high-tech boring equipment and 41 ambulances (one for each of construction workers) was proof that India values human lives and will do what’s needed to prevent fatalities. It is surprising that the death of more than ten times that number every day on Indian roads is not being addressed with the same alacrity.

Amazon’s self-driving robotaxi unit is being investigated by the U.S. government’s highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists

The next 48 hours are going to be very challenging for B.C. wildfire crews as the Parker Lake wildfire is burning just 2.5 kilometres west of Fort Nelson.

At least 54 people were injured and over 100 were feared trapped after a hoarding collapsed at the Police Ground Petrol Pump on the Eastern Express Highway in Pantnagar, Ghatkopar East, according to Bombay Municipal Corporation (BMC). 

Leishiyo Keishing, an MLA in Manipur, has written a letter to Chief Minister N Biren Singh requesting measures to deport the refugees from Myanmar back to their respective places.

Multiple communities in western Canada issued emergency evacuation orders and alerts this weekend due to wildfires, which experts say are more active than expected this time of year.

Promoters of distressed engineering, procurement and construction (EPC) company Gayatri Projects (GPL) made a nearly ₹750 crore offer to creditors seeking to settle dues worth ₹9,115 crore after banks filed for the company's liquidation. However, a successful outcome is far from easy as any settlement with promoters under Section 12A of Insolvency and Bankruptcy Code (IBC) needs approval from 90% of lenders.

Naveen Patnaik has taken a swipe at Prime Minister Narendra Modi amid the upcoming 2024 Lok Sabha Elections in the state. Earlier this week, Modi challenged Patnaik to name the districts of Odisha. Speaking at a rally on May 12, the BJD leader, in response, accused the prime minister of remembering the state only during elections, failing to deliver previous electoral promises, and neglecting the Odia language.

BJP would not be able to win Odisha in the next 10 years, Chief Minister Naveen Patnaik on Saturday claimed his BJD would return to power for the sixth consecutive time after the assembly elections. Patnaik was reacting to PM Narendra Modi telling an election rally earlier in the day that the swearing-in ceremony of a «BJP chief minister» will be held in Bhubaneswar on June 10. «Nothing will happen on June 10. BJP will not be able to win the hearts of the people in the next 10 years, forget about June 10,» the chief minister said, maintaining that the BJD will form the government in Odisha for the sixth consecutive time. He also questioned why Biju Patnaik was not being considered for Bharat Ratna.

Montreal’s Plateau Mont-Royal borough say cyclists passing a stopped school bus with its lights flashing happens multiple times each day.“I just sat in front of my house and I witnessed another cyclist going right through a stop sign with a school bus letting kids off,” says Mayer Feig who lives on Jeanne-Mance.On Friday afternoon Global News witnessed three cyclists ignore the stop sign and flashing lights on two school buses letting children off, not far from where a person on a bicycle hit a child who was about to board a school bus Thursday.The child’s family didn’t want to speak to media Friday afternoon, but Feig says the accident doesn’t surprise him.“The same thing happened to my son a year ago, and to another neighbour a few months ago,” he told Global News right before a school bus driver screamed at two more cyclists ignoring the flashing lights on the stopped bus.Feig says some mothers are now afraid to let their kids walk to the bus.Magali Bebronne of cycling advocacy group, Vélo Québec, says she too is appalled by the accident but insists the law isn’t being adequately communicated.“Well, there seems to be a lot of misunderstanding about rules,” she explains.

Tesla's electric-vehicle charging team is scrambling plans for rolling out new fast-charging stations and may delay President Joe Biden's efforts to electrify U.S. highways. Last year, the Biden administration announced rules for an ambitious plan to expand the country's charging infrastructure and jump-start EV adoption. Under the National Electric Vehicle Infrastructure (NEVI) program, the government is doling out $5 billion to states over five years to build 500,000 EV chargers.

Jaishankar said in Amritsar on Friday that Indians have to pay a fee of USD 20 to visit Kartarpur Sahib, which was imposed by Pakistan, but no fee should be charged for it. Jaishankar said this during an interactive session in Amritsar. After attending the nomination filing of the BJP candidate from Amritsar Lok Sabha constituency, Taranjit Singh Sandhu, on Friday, Jaishankar clarified that 'Kartarpur is not only in our hands. We have to make an agreement with Pakistan, adding, «The USD 20 dollar fee that I remember, this was not implemented by us, it was by Pakistan.»

The widow of a man who died after his Tesla veered off the road while he was using its partially automated driving system is suing the carmaker

Ford vehicles following complaints alleging diesel fuel leaks that may result in a fire. The National Highway Traffic Safety Administration (NHTSA) said its Office of Defects Investigation has received 27 complaints, including 12 reports of fires and a total of four injuries, and that it would investigate Ford F-250, 350, 450, and 550 Super Duty vehicles equipped with 6.7L diesel engines of model years 2015-2021.

Reserve Bank of India and finance ministry, as the stiff provisioning norms can potentially dry up bank finance for infrastructure projects and make loans costlier. The immediate concern for the sector is whether the changes would derail MoRTH’s plan to revive BoT (build operate transfer) projects for highways, where private investment is expected to come after a long interval.