Highways Financial News

Nitin Gadkari has said it was not possible to run a political party without funds, and added that the Centre had introduced the electoral bonds scheme, now struck down as unconstitutional by the Supreme Court, in 2017 with a «good intention». The senior Bharatiya Janata Party (BJP) leader said all political parties need to sit together and deliberate if the Supreme Court gives any further direction on the matter. He made the comments at an event organised by a media house in GIFT City near Gandhinagar on Friday. «When Arun Jaitely was (Union finance) minister, I was part of that discussion (regarding electoral bonds). No party can survive without resources. In some countries, governments fund political parties. There is no such system in India. Thus, we chose this system of financing political parties,» said Gadkari on a question about electoral bonds.

₹39 crore in the anchor book round a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company has allocated 18,59,900 shares to three anchor investors at ₹210 per share. Also read: SRM Contractors IPO: Price band set at ₹200-210 apiece, check issue details, key dates, more “The Board of Directors of the Company at their meetings held on March 22, 2024, in consultation with the Book Running Lead Managers to the Issue, has finalized allocation of 18,59,900 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs.

Real Estate Developers' Associations of India (CREDAI) has written to Rajasthan government to improve the infrastructure in Bhiwadi to revive the real estate sector. The apex body through its wing in Bhiwadi and Neemrana has urged the government to facilitate the linkage of Bhiwadi to the Delhi-Mumbai Expressway. In a letter to the Chief Secretary, Government of Rajasthan, Anil Gupta, President of CREDAI NCR Bhiwadi Neemrana, said that this will not only stimulate economic growth but also facilitate smoother movement of goods and people, thereby fostering regional development and prosperity.

National Highways Infra Trust for Rs 149.65 crore through an open market transaction. The National Highways Infra Trust is an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI). According to the bulk deal data available with the National Stock Exchange (NSE), Larsen & Toubro purchased 1.20 crore units, amounting to 11.02 per cent unitholding in the National Highways Infra Trust.

PNC Infratech share price after scaling 52 week highs of ₹472 in the first week of March. is down more than 14%. Ashoka Buildcon , Dilip Buildcon, IRB Infrastructure , KNR Constructions too have seen their share price decline 9-16% during the month of March till date.

Looking for a car to inspire adventure on the open road for spring break and beyond

By David Shepardson

₹16,000 crore for 889 kilometres of national highway through its ‘InvIT round 3’ This is the largest-ever monetisations by NHAI and one of the largest transactions in the history of Indian roads. The letter of acceptance (LOA) was issued in February, NHAI said.

By David Shepardson

The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, that involved a Ford electric vehicle that may have been using a partially automated driving system

Hindustan Times. The entire incident was caught on CCTV camera inside Hotel Jagadamba near Indapur on the Pune-Solapur Highway. According to the police, the deceased was identified as Avinash Dhanve, a property dealer, and had multiple criminal cases against him. Police added that his murder was likely to be a fallout of a gang war.

IPO of AVP Infracon will be finalised tomorrow. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of AVP Infracon IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case. Follow the step by step process mentioned below to check the status of allotment.

UDF's candidate from Thiruvananthapuram Lok Sabha constituency Shashi Tharoor on Saturday released a 68-page booklet detailing his contributions to the constituency as an MP for the last 15 years. While addressing a gathering here, Tharoor said that he had been subjected to baseless allegations whenever he contested and this time the charge is that he has not done anything for the constituency for the last 15 years. «They are saying that I have not done anything for the past 15 years. So I am releasing a 68-page development report,» Tharoor said. He also ridiculed the phrase, 'Modiyude guarantee' (Modi's guarantee) saying that the BJP's only guarantee is that they will not deliver on their promises.

Election Commission announced it would hold a press conference on Saturday at 3 pm to announce dates for the upcoming Lok Sabha elections, departments in the Central government went full throttle to approve projects and policies. Once the Election Commission makes the dates for the elections public, the Model Code of Conduct will kick in, curtailing government departments' abilities to make major policy decisions, with some decisions requiring prior permission from the poll body. According to a Times of India report, the National Highways Authority of India (NHAI) and other offshoots of the Ministry of Road Transport and Highways of India (MoRTH) were working into the night on Friday to issue letters of award for projects, which will ensure highway developers can start work.

Thousands of farmers are protesting in India's capital to press their demand for a new law that would guarantee minimum crop prices

Gopal Snacks, the manufacturer of popular snack items, made another disappointing debut on the exchanges on Thursday. For context, three out of the last four D-Street debuts have been in the negative and even the positive debut of Bharat Highways was just 3% above the offer price.

extended deadline. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, due to concerns around large-scale non-compliance of regulations and supervisory issues. Particularly, the fintech startup was found to be in breach of know-your-customer (KYC) requirements and other RBI-mandated processes.

investment in the 'hybrid' category, which reflects activity in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), has climbed to $875 million so far in 2024, the highest in four years, fuelled by a recent infrastructure offering that attracted significant foreign capital. Data released by the National Securities Depository (NSDL) showed the increase in FPI investment in the hybrid category was primarily driven by $842 million worth of overseas investment in February. FPI investment was at $3 million in January, and it stood at $30 million in March so far, the data showed.

ALSO READ: BJP releases 2nd candidate list: Manohar Lal Khattar, Anurag Thakur, Basavaraj Bommai among names Looking at some data, the Hamirpur Lok Sabha seat has been with the Bharatiya Janata Party since 1998, when Suresh Chandel was the MP. He continued till 2004. In 2007, Prem Kumar Dhumal became the MP from this seat on the BJP ticket, and from 2008 Anurag has been the MP on the BJP ticket.

Bharatiya Janata Party (BJP) on Wednesday named Yaduveer Krishnadatta Chamaraja Wadiyar of the Mysore royal family from Mysuru Lok Sabha seat in the second list of candidates for the 2024 Lok Sabha elections. The saffron party replaced the two-term sitting MP Pratap Simha with the US-educated YKC Wadiyar of the Mysore royal family. Wadiyar is the adopted son of Pramodadevi Wadiyar, whose late husband Srikantadatta Narasimharaja Wadiyar had also represented the Mysore Lok Sabha seat four times in the 1980s and 1990s.

issue received bids for 22 lakh shares as against 51 lakh shares on offer. The IPO is entirely a fresh equity issue of 69.8 lakh shares and through the issue, the company aims to raise Rs 52 crore.