Highways Financial News

Accel Partners, Evolvence India, Sistema Asia Fund, Foundamental Gmbh and Nexus Venture Partners as its other investors. In June 2022, the company raised $50 million in growth capital from Liquidity Group’s MARS Unicorn Fund, valuing it at $2.5 billion. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market uses technology to provide a procurement experience for players in the construction ecosystem.

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people

Gati Shakti initiative for logistics efficiency reckons it can save up to ₹15 crore per km for projects run by the National Highway Authority of India (NHAI). The estimated savings are due to a reduction in the length of roads by integrating various expressway corridors after modifications of alignment for NHAI projects, said Sumita Dawra, who is leading the NPG as special secretary, department for promotion of industry and internal trade.

Narendra Modi. Among the receivers of the workers was Uttarakhand Chief Minister Pushkar Singh Dhami. The rescue had been a news drama for days.

Silkyara tunnel was carried out on Tuesday night after a 17-day ordeal, the nation heaved a collective sigh of relief. While the rescue efforts deserve applause, the collapse of a portion of the 4.5-km Silkyara Bend-Barkot Tunnel in Uttarakhand on November 12, which trapped the workers, raises multiple questions about the mega infrastructure project in an ecologically fragile zone. The tunnel is part of the Union government’s ambitious Char Dham Mahamarg Pariyojana.

Tamil Nadu's anti-corruption watchdog, Directorate of Vigilance and Anti-Corruption (DVAC), on Friday conducted a raid at the Enforcement Directorate's Madurai office following the arrest of a senior officer of the central agency identified as Ankit Tiwari. The arrest was made by the Madurai branch of the state police's DVAC on the Dindigul-Madurai highway shortly after Tiwari allegedly received a ?20 lakh bribe from an individual. An official statement from the DVAC said Tiwari contacted a government employee, a doctor, and mentioned in a disproportionate assets case which was registered against him and subsequently disposed of. Tiwari allegedly informed the employee that instructions had been received from the Prime Minister's Office to conduct an inquiry by the ED in the case and asked him to appear before the ED office in Madurai on October 30. When the doctor went to Madurai, the DVAC said, Tiwari got into his car and sought Rs 3 crore initially but later brought down the amount to Rs 51 lakh.

ED) has registered a case of money laundering concerning the alleged fraud in setting up oxygen plants in hospitals during the COVID-19 pandemic, police said on Saturday. The police's economic offences wing (EOW) had on November 24 arrested contractor Romil Chheda of M/s Highway Construction Company for allegedly causing the Brihanmumbai Municipal Corporation (BMC) a loss of Rs 6 crore, an official said.

By David Shepardson

Bhagwant Mann on Friday announced a hike of Rs 11 per quintal in sugarcane price, saying the new rate of Rs 391 a quintal is the highest in the country. The announcement came days after the chief minister assured farmers of «good news» in the coming days.

Logistics Policy in alignment with the PM Gati Shakti Framework. The Policy has aimed to “Augment integrated, multi-modal, logistics ecosystem for a ‘Developed Arunachal Pradesh 2047”’. Logistics has been a focus sector for the country for some time. In 2021, the PM Gati Shakti National Master Plan was launched to provide multimodal connectivity infrastructure to economic zones. In 2022, the National Logistics Policy was launched with focus on bringing in efficiency and reduce costs.

₹8,960 apiece, registering a 2.60% gain in today's trading session. This came after the company, in an exchange filing on Wednesday, said it had acquired 0.54 mtpa cement grinding assets of Burnpur Cement Limited, located at Patratu in Jharkhand, at a consideration of ₹169.79 crore.

Manipur. The rally was organized under the aegis of Zo United, a Civil Society Organisation parent body for all Kuki-Zo kindred Tribes in Manipur. Albert Renthlei Convenor of the Zo United stated that the rally is to speed up the demand for separate administration for the Kuki, Zomi, Hmar and Mizo ( ZOs) while progress towards the grant of separate administration has been slow . People denounced the Manipur state government and held placards like “Separate administration is the only solution”, “Metei government, down, down”, “Tribal area, tribal government” and “No solution, no rest”. The organisation stated, “The Kuki-Zo kindred family have endured seven months of ethnic cleansing attack by the majority Meiteis, who controls the government, and the Kuki-Zo kindred family have borne the brunt of the violence with 203 villages totally burnt down, more than 7000 house burnt down to ashes, 152 souls have lost lives and more than 50,000 displaced.

The systems allow drivers to take their hands off the wheel in some situations.

Panama's Supreme Court has unanimously declared a 20-year concession for a Canadian copper mine that had sparked weeks of protests as unconstitutional

trapped in Uttarakhand's Silkyara tunnel were evacuated on Tuesday evening. The ambulances waiting at the site took them to a community health centre where a special 41-bed ward was set up for them. As the youngest of the workers, who was the first to be evacuated, emerged out of the tunnel, he was greeted with hugs and cheers as a sense of relief and hope spread. An ambulance with the first of the 41 workers left the mouth of the tunnel at around 8 pm, about an hour after a group of rat-hole mining experts dug through the last stretch of the rubble.

Nitin Gadkari on Tuesday said he is «relieved and happy» as all 41 trapped workers have been rescued from the collapsed Silkyara tunnel in Uttarakhand. «I am completely relieved and happy as 41 trapped laborers in the Silkyara Tunnel Collapse have been successfully rescued,» Road Transport and Highways Minister Nitin Gadkari said in a post on X.

Silkyara tunnel and efforts to bring out the remaining trapped workers are underway. Later in a update it was stated all 41 workers trapped inside the Silkyara tunnel in Uttarakhand since November 12, have been successfully rescued. Meanwhile, Chief Minister Pushkar Singh Dhami met the workers who have been rescued along with Union Minister of State General (Retd) VK Singh.

Silkyara: The rescuers on Tuesday successfully drilled through debris to reach 41 workers trapped for 17 days in a collapsed tunnel in Uttarakhand, reported PTI, citing officials. The rescuers are set to pull out the trapped workers safely.

By Patturaja Murugaboopathy and Gaurav Dogra

Coal India and NHIDCL. Also, SJVNL’s machine for the vertical rescue tunnel construction has started its work and has already drilled over 30.8 metres or just over a third of the distance to reach the trapped workers.

₹3.2 trillion, the highest-ever. This would allow it to build more greenfield highways and expressways, giving a leg-up to transport infrastructure that is key to propelling economic growth. The higher capex for the roads ministry may be announced in the interim budget to be presented in Parliament in February, the person said, adding that MoRTH has already indicated the numbers in its pre-budget consultations.