Highways Financial News

01.03 / 14:45

markets IPO Provident Booking security Highways band Bharat Highways InvIT IPO subscribed 8.01 times on final day; check GMP, bidding status, other details

Bharat Highways InvIT IPO: The initial public offering (IPO) of Bharat Highways InvIT was fully subscribed on the third and final day of bidding, driven by strong demand from investors. Bharat Highways InvIT IPO hit the Indian primary market and opened for subscription on Wednesday, February 28, and closed today (Friday, March 1, 2024.) Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. The Trust is authorized to carry on the activities of an infrastructure investment trust under the SEBI InvIT Regulations.

29.02 / 15:51

markets IPO Provident Booking security Highways band Bharat Highways InvIT IPO subscribed 1.03 times on day 2; check GMP, bidding status, other details

Bharat Highways InvIT IPO: The initial public offering (IPO) of Bharat Highways InvIT was fully subscribed on the second day of bidding, driven by stable demand from investors. Bharat Highways InvIT IPO hit the Indian primary market and opened for subscription on Wednesday, February 28, and will remain open till Friday, March 1, 2024. Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India.

29.02 / 10:25

UPS Sustainability Highways country reports International Govt has built 95000 km of national highways in last 10 years: Road secretary Anurag Jain

ministry has built around 92,000 km of national highways in nine-and-a-half years and this will go up to 95,000 km by the end of March 2024, road transport and highways secretary Anurag Jain. Speaking at the two-day conference of road infrastructure, organised by the International Road Federation, Jain said the focus going forward will be on building more high-speed access controlled highways. “We are focusing on high speed corridors with a vision for the next 30 years,” he said, adding these are being built for the next fifty years keeping in mind prospective congestion and increasing population needs. “This will help avoid construction of bye passes and redoing of roads again and again,” he said.

28.02 / 16:46

Ball Highways Traffic Chrysler recalling more than 330,000 Jeep Grand Cherokees due to steering wheel issue

Chrysler is recalling more than 330,00 Jeep Grand Cherokees because of a steering wheel issue that may cause drivers to lose control of their vehicles

28.02 / 14:25

markets IPO Booking Manufacturing Highways band Owais Metal and Mineral IPO: GMP rises, subscription status on Day-3, issue details, all you need to know

₹83 to ₹87 per share. Owais Metal and Mineral Processing ltd main interest is in metal and minerals mining and processing. It engages in the manufacturing and processing of minerals including Manganese Oxide, MC Ferro Manganese, Wood Charcoal, Ferro Alloy, Quartz, and Manganese Ore Owais Metal and Mineral Processing IPO subscribed 221.18 times by 6.20 PM on February 28, 2024 (day 3).

28.02 / 14:25

markets IPO Booking security Highways Trade band Bharat Highways InvIT IPO Day 1: Issue subscribed over 0.37 times; check GMP, other details

₹825.97 crore from anchor investors on Tuesday, February 27. The company notified the exchanges that it allocated 8,25,97,350 equity shares at ₹100 apiece. Also read: Bharat Highways InvIT IPO opens today: Check GMP, subscription status, review, key dates, more.

28.02 / 13:36

UPS Provident Compilation economy Enterprise Highways wellness The surprising gap in India’s capex binge

₹11 trillion in 2024-25—almost 4.5 times the level in 2014-15. It represents 3.4% of projected GDP, up from 2% nine years ago. Capital expenditure is seen as the building of assets that yield social and economic benefits over time—for example, road, bridges and ports.

28.02 / 05:29

Highways country electronic reports travelers guidelines Updates FASTag Update: NHAI's deadline for KYC update to avoid deactivation by February 29. Here's how to do it

One Vehicle, One FASTag" initiative to discourage users from using a single FASTag for multiple cars or associating multiple FASTags with a single vehicle. NHAI has asked people to update their FASTag before the February 29, 2024 deadline.

28.02 / 03:13

IPO WhatsApp Highways band NOT Bharat Highways InvIT IPO opens today: Check GMP, subscription status, review, key dates, more. Apply or not?

₹825.97 crore from anchor investors on Tuesday, February 27. The company notified the exchanges that it allocated 8,25,97,350 equity shares at ₹100 apiece.

28.02 / 03:13

COST Citi Highways track Updates PM Modi in Tamil Nadu LIVE Updates: PM to lay foundation stone of infra projects worth ₹17,300 cr in Thoothukudi

₹17,300 crore at Thoothukudi in Tamil Nadu at 9.45 am, before flying to Maharashtra today, February 28. In Tamil Nadu, he will lay the foundation stone of the Outer Harbor Container Terminal at V.O.Chidambaranar Port and launch India's first indigenous green hydrogen fuel cell inland waterway vessel under the Harit Nauka initiative. He will also dedicate tourist facilities in 75 lighthouses across ten states and union territories.

28.02 / 03:09

IPO Provident Target security Highways wellness recommendations Bharat Highways Invit IPO opens for subscription. Should you bid?

Bharat Highways Invit has opened for subscription today. The company plans to raise about Rs 2,500 crore by offering its units in the public offer. The net proceeds from the issue will be utilised for providing loans to the project SPVs for repayment of loans and for other general corporate purposes.

28.02 / 01:23

IPO Highways Death Courts Top Events of the Day: Bill Gates, PM Modi in Odisha, Gyanvapi suit hearing, Bharat Highways InvIT IPO and more

₹2,500-crore IPO to open on Feb 28 OIL to announces global partner roadshow in Abu Dhabi Feb 28 Goa ST quota: Note to be placed before Union cabinet Feb 28 Gyanvapi suit: Hearing set on Feb 28, court considers new parties WB: Mamata to visit Jhargram on Feb 28 INSAT-3DS is set to be at its ‘In Orbit Testing’ location by Feb 28 Telangana: Semi-Finals of Pro Kabaddi League Feb 28 Vivo V30 Pro With 50-Megapixel Primary Camera Set to Launch Feb 28 Birth Anniversary: Morarji Ranchhodji Desai Death Anniversary: Kamala Kaul Nehru, Rajendra Prasad National Science Day to honour the discovery of the 'Raman Effect' (India) Bill Gates to visit Odisha on Feb 28Milestone Alert! Livemint tops charts as the fastest growing news website in the world

27.02 / 23:13

markets UPS Action Highways Food War Traffic Farmers march in Poland's capital, cut off roads in Spain to protest Ukraine imports and EU policies

Thousands of farmers are marching in Poland’s capital to protest European Union agricultural policies and imports of cheap food from neighboring Ukraine

27.02 / 17:35

markets IPO Booking security Highways band information Bharat Highways InvIT IPO: Infra investment trust raises ₹825.97 crore from anchor investors ahead of IPO

₹825.97 crore from anchor investors ahead of its initial public offering that opens for subscription on Wednesday, February 28, 2024. The company informed the bourses that it allocated 8,25,97,350 shares at ₹100 per share to 37 anchor investors. Some of the institutions who participated in the anchor book were ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, HDFC Life Insurance, Nippon India Mutual Fund, Axis Mutual Fund, Aditya Birla Mutual Fund, UTI Mutual Fund, Max Life Insurance, Baroda BNP Mutual Fund, Reliance General Insurance and DSP Mutual Fund amongst others.

27.02 / 14:41

markets IPO Booking security Highways band reports Bharat Highways InvIT IPO: From price band to GMP, here are 10 things to know before subscribing to issue

₹2,500 crores from the upcoming IPO, which will close on March 1. Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India, and to carry on the activities of an infrastructure investment trust as permitted under the SEBI InvIT Regulations. Also read: Bharat Highways Invit IPO: Check date, size and key other details The InvIT’s initial portfolio consists of seven road assets, all operating on a HAM basis, in the states of Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh, consisting of approximately 497.292 km of constructed and operational roads, as per the company's RHP report.

26.02 / 20:17

Volkswagen Software Highways Golf 2020 reports Traffic Toyota, Honda, Mercedes-Benz, Ford, Volkswagen recall cars. Here are reasons

Toyota and Honda vehicles and 150,000 Ford vehicles in the US. The notice has been issued by the National Highway Traffic Safety Administration. Mercedes-Benz has has also recalled thousands of SUVs in order to fix transmission software, as per a report in USA Today. While Ford vehicles have been called for seat belt issue and Honda, and Toyota vehicles were called for air bag issues, USA Today reported.

26.02 / 18:16

UPS Provident Highways wellness beautiful blues 10 best plastic chairs under 1500 to enhance the aesthetics of your home

Since plastic chairs are a vital piece of furniture in your home, you must make sure that the chairs you add to your home are practical, and ergonomic and must fall under your budget. Here is a collection of 10 best plastic chairs under 1500 that you can consider for your sanctuary. Take a look.

26.02 / 15:19

UPS Target Citizens Highways track reports Govt’s FY24 capex target on track; 80% spent till early-Feb

NEW DELHI : The Union government is on track to achieve its capital expenditure target for the ongoing financial year, a senior government official said, riding accelerated spending on key infrastructure projects essential to spur economic growth. Till early February, the government had spent about 80% of its total capital expenditure target for FY24, according to a briefing by the finance ministry on Monday.

26.02 / 08:01

Platform Highways stage social Department prevention Traffic Maratha quota agitation: Internet services suspended in 3 districts of Maharashtra

Internet services were suspended on Monday in Maharashtra's Jalna, Chhatrapati Sambhajinagar and Beed districts to maintain law and order in view of the Maratha quota agitation led by activist Manoj Jarange, officials said on Monday. As a precautionary measure, borders of these districts have also been sealed, they said. The internet services in the three districts have been suspended with effect from 6 am to 4 pm to avoid any untoward incident due to rumours on social media platforms, an official said quoting an order of the state home department. Three cases has been registered in Beed district for agitations without permission, another official said adding that two persons have been arrested for damaging a state transport bus.

26.02 / 02:43

Cooper Highways reports Schools Courts Investigations Top Events of the Day: PM Modi in Gurgaon; Kejriwal summoned by ED for 7th time, Bharat Jodo Nyay Yatra pauses, and more

PM Modi to lay foundation for upgrading Gurgaon railway station: Rao Inderjit Singh, Union minister of State and Gurgaon MP, announced that Prime Minister Narendra Modi will lay the foundation for upgrading the Gurgaon railway station on February 26. In the first phase, the project worth has been estimated at ₹295 crore, according to a report by Indian Express. News9 Global Summit-PM Modi to deliver keynote address. Tony Abbott, S Jaishankar, Smriti Irani, Ashwini Vaishnaw and Anurag Thakur to attend: Prime Minister Narendra Modi will deliver the keynote address at the News9 Global Summit on February 26, the TV network said.

26.02 / 01:05

UPS Provident FIVE Aware Highways mountaineering A plan to trim NHAI's debt mountain is cooking

₹3.4 trillion debt, two people aware of the plan said. The Centre may soon begin talks with NHAI’s long-term bond holders for the prepayment, the people cited above said on condition of anonymity. The move would allow NHAI to deploy more capital for strengthening the highway network, and bring down interest payments, which are taking up a big chunk of the government’s annual budget allocations.

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