Highways Financial News

seat belts, according to a report by Ministry of Road Transport and Highways (MoRTH). Of the casualties, 8,384 were drivers while the remaining 8,331 were passengers, according to the report titled 'Road accidents in India — 2022'. A total of 4,61,312 road accidents occurred in 2022, claiming 1,68,491 lives and leaving 4,43,366 people injured.

Dafna persevering under the threat of a new front opening in Israel's war with Hamas in Gaza. Here, a few hundred metres (yards) from south Lebanon, where Israeli foe Hezbollah holds sway, the spectre of another October 7 haunts civilians. Almost all of the 1,050 residents of this agricultural community were evacuated to hotels close to the nearby Sea of Galilee.

China, warning the public that visibility could drop to less than 50 metres (164 feet). Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Heavy smog has engulfed the country's north for a few days while autumn temperatures soared to typical early summer levels close to 30 degrees Celsius (86 degrees Fahrenheit) in some areas. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. As air pollution levels in the wider Beijing-Tianjin-Hebei area and northern part of Henan province reached moderate to severe, pollution control experts said increased industrial activities, heavy trucking and crop fires had contributed to the haze, state media CCTV reported. Regional power consumption in late October was up 5% compared with first half of the month, more significantly in the cement, brick and tile industries, worsening conditions, CCTV said. Parts of Tianjin municipality and Hebei and Shandong provinces, as well as eastern areas of Jiangsu province saw heavy fog resulting in visibility of less than 1 km (0.62 mile) on Tuesday morning, the National Meteorological Center (NMC) said. Until Thursday, light to moderate haze will continue to cover the central and southern parts of China's northern region, with severe haze

Mexico’s security authorities have raised the death toll from the Category 5 Hurricane Otis that struck the country’s southern Pacific coast early Wednesday to 39

NIIF) and Macquarie Group are in early stages of discussions to acquire a significant minority stake in Tecso Charge Zone, which operates top electric vehicle (EV) charging stations Charge+Zone, said multiple people aware of the development. According to people aware of the development, Charge Zone is likely to raise about ₹300-350 crore from these investors. It's part of the series B round -where the startup plans to raise about $110 million (₹900 crore) at ₹1,500 crore valuation, said sources.

Nitin Gadkari on Monday said a cross-border road under the ambitious Kaladan Multi-Modal Transit Transport Project (KMTTP) to link south Mizoram's Lawngtlai district with Myanmar's Sittwe port will be completed by November this year. Addressing a rally at West Phaileng in Dampa assembly constituency in west Mizoram's Mamit district bordering Bangladesh, Gadkari said the 26-km road project costs Rs 1,132 crore. «The road under the Kaladan project will be completed by November and it will be helpful to connect Myanmar's Sittwe port,» he said.

₹1.4 trillion, ratings agency Crisil said on Monday. This anticipated growth is attributed to increasing composition of hybrid annuity model (HAM) projects within InvITs. The stability of cash flow from a growing number of HAM projects will counteract any slight uptick in leverage, thereby maintaining robust credit profiles.

NEW DELHI : The National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as ₹9,000 crore after Diwali through a mix of debt and equity, two people familiar with the development said. The infrastructure investment trust’s (InvIT’s) third round of fundraising, involving the monetization of six 250km highway stretches, will be conducted in phases, targeting domestic and global investors. Additionally, a proposed non-convertible debentures (NCD) issue, the size of which would be similar to last year’s ₹1,500 crore, would also be offered to retail investors with assured returns of close to 8%, the people said on the condition of anonymity.

Mint explains: Up until early August, only Cruise autonomous cars with a “safety driver" (human) could charge cab fares for rides in California at night. Cruise driverless cars could take passengers without humans but not charge any fare. Alphabet-owned Waymo, another fully autonomous car, couldn’t charge without a human driver either.

Trident Realty is planning to invest Rs 700 crore for the construction of 412 units of low-rise premium independent floors at Trident Hills project in Panchkula. This low-rise development is part of the integrated township – Trident Hills and offers exclusive living spaces that prioritize privacy, safety, and security. Trident Realty is developing Trident Hills, a 200-acre integrated township. «We have seen significant response from buyers last year during our project launch, further strengthening our vision of creating integrated township in Panchkula.

Cruise, is facing multiple federal investigations over its cars' safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulator's letter released on Friday. Cruise autonomous cars «may not be exercising appropriate caution around pedestrians in the roadway,» according to the letter dated Oct. 20 from the National Highway Traffic Safety Administration. «This vehicle behavior could increase the risk of a collision with a pedestrian which in turn may result in injury or death.»

Hindustan Times. They have started a chain strike to support quota activist Manoj Jarange Patil's hunger protest to intensify the agitation over the Maratha reservation issue. Protestors from the Maratha community also blocked the Pune-Nashik highway near Chakan early morning today which also affected the vehicular traffic.

The Tampa Bay Rays are pushing for swift approval of a financing deal for a new 30,000-seat ballpark, part of a much larger $6 billion redevelopment project that includes affordable housing, a hotel, a Black history museum and many other items

New Delhi: In the run up to the state assembly elections this year and the general elections in 2024, rapid progress has been made in the government’s flagship rural road development scheme, Pradhan Mantri Gram Sadak Yojana (PMGSY). Construction of rural roads has hit the 12,000km mark in the first half of 2023-24, surpassing 100% of the target for the first time in several years.

Supreme Court has asked the National Highways Authority of India (NHAI) to pay enhanced land compensation to the landowners whose lands were acquired for widening of National Highway No 24 on the Bareilly-Sitapur section of Uttar Pradesh. The top court also permitted the landowners/farmers to withdraw the compensation amount deposited with the concerned district court along with accrued interest thereon. It also allowed the landowners to initiate suitable proceedings, including execution, in case any further amount is payable by the highways authority to them. While dismissing NHAI’s appeals, SC said “all questions of law urged are, however, kept open”. NHAI had paid less than Rs 500 per square metre to these landowners.

North Carolina, a local sheriff said on Thursday. Sampson County Sheriff Jimmy Thornton said deputies responded to a homicide report at the home off Garland Highway near Clinton at around 1 am and found the bodies with gunshot wounds. Police don’t have any information about a suspect and don’t know how the victims knew each other, Thornton said in a news release. Addressing a news conference, Captain Eric Pope said that the authorities received a 911 call from a person who had spoken to one of the victims around 11 pm and then found the bodies when they stopped by the home. The victims, including four men and one woman ranging from their mid-30s to 80s. «This is not normal for our community.

MEXICO CITY (Reuters) — Mexican soldiers and rescue workers on Thursday scrambled to clear up the chaos and devastation wrought by Hurricane Otis in Acapulco as the government worked to bring relief to the battered southern beach resort.

₹8,416 crore to these instruments as of 30 September. InvITs were launched in 2017 but remain somewhat unfamiliar to many investors. These innovative financial instruments are designed to raise capital by issuing units to investors, which are then channelled into infrastructure assets.

driver who struck and killed four college students on a coastal highway in Malibu is currently being held on $8 million bail, according to authorities. The man was arrested on Tuesday as part of the ongoing investigation and is scheduled to appear in court on Wednesday, as stated by the Los Angeles County Sheriff's Department. Initially, the man had been arrested immediately after the crash on October 17 but was released the following day to allow investigators to gather evidence, as mentioned in a statement by the sheriff's department.

Reserve Bank of India keeps tightening monetary conditions — deposits. Conventional business approach is to raise interest rates to get more funds, but this time is different, says Jefferies. While HDFC Bank is opening branches to net more depositors, Kotak is tapping its digital highway.

NEW DELHI : The government plans to make it mandatory for consultants working on road construction projects to enter into ‘integrity pacts’ in keeping with global best practices. Such consultants will also have to show how much local sourcing they have in their service to bring in sync with the government’s public procurement guidelines.To be sure, the anti-corruption pact for consultants is not legally enforceable. However, it has also been made mandatory for builders contractors working on projects for individual public sector units such as the National Highway Authority of India.