Highways Financial News

The SME IPO of AVP Infracon will open for subscription today and will close on March 15. The company aims to raise about Rs 52 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid»

Telangana. The Ministry of Road Transport and Highways issued a gazette notification on Tuesday. The new prefix on registration plates will be effective immediately, said Telangana Special Representative in New Delhi Mallu Ravi’s office.

Rapido on Tuesday urged the Karnataka government to issue contract carriage permits to two-wheelers and bike taxis, just days after the Congress regime rolled back its 2021 electric bike taxi policy citing its misuse. The Bengaluru-based bike taxi and auto aggregator urged the government to adopt a comprehensive approach in line with the provisions of the Motor Vehicle Act and the recent advisory from the Road Transport and Highways ministry on granting contract carriage permit to two wheelers.

The real estate landscape in Delhi-NCR has witnessed a significant transformation, with the capital city maintaining its status as a thriving center for economic and cultural activities. Simultaneously, the surrounding tier-2 cities have emerged as influential players, particularly in the real estate sector. Among these, Bhiwadi stands out, strategically located on the Rajasthan-Haryana border.

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Most electronic systems that take on some driving tasks for humans don’t adequately make sure drivers are paying attention, and they don’t issue strong enough warnings to make drivers behave

₹101 apiece on the BSE, a premium of 1% to the issue price of ₹100 per unit. Bharat Highways InvIT listing price on NSE was ₹101.1 per unit, a premium of 1.1% to the IPO price. Bharat Highways InvIT is an infrastructure investment trust that acquires, manages, and invests in a portfolio of infrastructure assets.

₹3,100 crore have been acquired by real estate developers since 2022 in the area, JLL said. According to Anarock Property Consultants, the area's robust development and high demand, coupled with ongoing infrastructure improvements, are attracting both end-users and investors. A lot of projects are already in various stages of development, and there is huge potential for future development.

Modi on Monday said the speed of implementation of infrastructure projects will be accelerated manifold in the next five years to make India the third largest economy in the world. Modi said he has inaugurated and laid the foundation of projects worth Rs 10 lakh crore so far this calendar year and added that he is running short of time for inaugurating projects. He was addressing a gathering after inaugurating and laying the foundation stone for 114 National Highway projects across the country worth about Rs 1 lakh crore.

Modi, is expected to discuss names of the remaining candidates for the Lok Sabha election. The party released the first list comprising 195 candidates from 16 states for the Lok Sabha elections March 2. In the meeting on March 11, National Democratic Alliance (NDA) partners from Maharashtra, Odisha, Andhra Pradesh, Karnataka, Haryana, and Bihar are likely to discuss seat sharing with the BJP's top leadership, according to a report in news agency ANI.

investment scheme that enables direct investment in infrastructure projects to earn a small portion of income as return. 2.InvIT invests in assets that generate cash flow, such as roadways, highways and other high-value infrastructural projects. 3.The objective of InvIT is to promote the infrastructure sector of India by encouraging more investment.

An oil and gas trade group in North Dakota has ended a workforce recruitment program that brought Ukrainians from their war-torn country to North Dakota's oil fields to fill jobs

SME IPOs: A gateway to emerging market opportunities The upcoming week, investors will have the opportunity to subscribe to two mainboard IPOs, namely Popular Vehicles and Krystal Integrated. Additionally, six SME IPOs will also be open for subscription, including Pratham EPC and Signoria Creation. Popular Vehicles & Services IPO opens for subscription on March 12, 2024 and closes on March 14, 2024.

Narendra Modi on Saturday unveiled hordes of projects worth Rs 55,600 crore for six northeast states, including Manipur, in Itanagar. For conflict-hit Manipur, various projects worth around Rs 3500 crores were virtually flagged off and foundation stones laid. Meghalaya, Sikkim, Arunachal Pradesh, Nagaland and Tripura are the five other states of the region covered by the Vikshit programme unveiled on the day. Chief minister N Biren Singh, addressing a function of the event at the City Convention Centre in Imphal East district, said that the northeast states have seen a big change since Modi became the country’s PM.

communication infrastructure in the region, leaving only satellite phones operational. The official said that the restoration of communication networks and water supply is contingent upon the restoration of power lines.

Indian Army was abducted in Manipur's Thoubal district on Friday by unknown miscreants. A senior police officer who does not want to be named told ET, “The reason for abduction is not known yet.The JCO, identified as Konsam Kheda Singh, was on leave.” Police said, “Some miscreants entered his home in Charangpat Mamang Leikai village at around 9 am and the officer was forced to get inside a vehicle. His family has in the past received extortion threats.”

Manipur's Thoubal district by anti-social elements on Friday at 9 am. Officials informed that the JCO, a resident of Charangpat Mamang Leikai, was on leave when some people barged into his home at 9am and bundled him in a vehicle and fled. Though the cause of the abduction is not known, initial reports suggest that it was an extortion case as his family had received such threats in the past, the officials said.

Electric vehicles promise cleaner air and less climate pollution. But a new analysis suggests that even a global all-EV fleet would perpetuate some of the most devastating impacts of cars and auto infrastructure. The modern world moves itself around in roughly 2 billion motor vehicles, 65% of which are cars. That’s 16 automobiles for every 100 people, but the rate of car ownership is much higher in richer industrialized countries, where cars give shape to cities and set the patterns of daily life. This fleet requires substantial, ongoing investment in roads and highways, car storage (or “parking,” in the jargon), oil exploration and fuel production, metals mining and manufacturing, insurance and much more. All of these activities levy regular costs in the form of fatalities and injuries as well as greenhouse gas emissions that cause climate change. A comprehensive review published last month provides a litany of what the authors call “car harm,” in estimated global totals of death, injury, disease and other miseries, over the course of automotive history. In part because the system “prioritises speed over safety,” as the authors put it, motor vehicles are responsible for one out of 34 deaths, or 1.7 million people every year, either directly or through pollution.

defence partnership, including in the area of defence equipment while agreeing for wider participation of Japanese SMEs in India’s growth story. The two sides also reviewed their defence and economic partnership at the foreign minister-level strategic dialogue held in Tokyo. “We have made good progress in our defence and security relations, which we both welcomed. Today, just as we are meeting here in Tokyo, the Indian Army is conducting a joint exercise with the Japanese Self Defence Force, in Rajasthan. The three branches of our military and Coast Guard are productively engaged with their Japanese counterparts, with greater ease through the newly operationalised reciprocal partnership arrangement. There have been exchanges about cooperation possibilities in the areas of jointness, and new domains like cyber and space. We also took stock of the progress in our defence equipment and technology cooperation framework,” Jaishankar said in his remarks to the press following the meeting.

Millions of travelers across Germany are being affected by strikes again after two unions called for two-day walkouts over wages and work conditions

BJP is banking on the backing of Dalits, the largest voting bloc in Raebareli Lok Sabha constituency, to win the elusive Congress bastion in the upcoming general elections. After breaching Amethi, one of the Nehru-Gandhi family's two bastions, in the 2019 election, BJP has its eyes set on bagging Raebareli this time. Its focus on the seat was also evident in its move to get Samajwadi Party MLA from Unchahar in Raebareli, Manoj Pandey, to cross-vote for BJP candidate in the Rajya Sabha polls, a development which is being seen as a prelude to Pandey joining BJP and adding to the Dalit base with his Brahmin following. Raebareli has a total of 1.8 million voters, 34% of which are Dalits. Last year, BJP appointed Buddhilal Pasi, a Pasi Dalit, as its district chief, following a rejig of its district presidents. Brahmins account for 13-14% of the voters. In both 2014 and 2019 elections, BJP increased its vote share by about 17% over the previous election, gaining 34% share over 10 years. The Congress, on the other hand, lost about 17% share over the same time. «I come from the Pasi community and can assure the community alone will be enough to make BJP win in the seat,» Pasi told ET.