Highways Financial News

15.09 / 17:44

UPS Citi Citizens Ball Highways cover Inside Explosion at world's largest railyard in Nebraska prompts evacuations because of heavy toxic smoke

An explosion inside a shipping container at the world's largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire

15.09 / 08:57

COST Citi Remark Metro Highways Marvell trumpeter Dwarka Expressway: Redefining NCR’s real estate landscape

The Dwarka Expressway, christened as India’s First Eight-Lane Elevated Urban Expressway on a Single Pillar, known alternatively as the Northern Peripheral Road (NPR) and National Highway NH 248BB, stands as a transformative force poised to reshape the National Capital Region (NCR) of India. Stretching across 29 kilometers, this monumental project spans 19 kilometers in Haryana and 10 kilometers in Delhi, meticulously crafted to redefine regional connectivity and establish a new benchmark for cost-efficiency in large-scale infrastructure endeavors.

15.09 / 04:57

UPS Manufacturing Mobile Highways track exclusive Customers Will produce diesel cars as long as customers demand: Tata Motors

Tata Motors Ltd on Thursday said it will continue to produce diesel cars as long as customers demand and regulations permit while it accelerates the shift towards electric vehicles. “We have shown the biggest commitment to what the government wants i.e., EVs. It is unfortunate that people are asking questions on diesel and not asking manufacturers who are not moving to EVs but we are asking questions on what about diesel.

14.09 / 17:59

COST awards Highways Airbag deflation

After pushing for six mandatory airbags to be installed in all cars from 1 October, the government withdrew that requirement. Road transport and highways minister Nitin Gadkari said that it doesn’t want to make it compulsory since India’s own safety testing programme, the BNCAP, is now in place, and it would not award attractive safety ratings to cars without enough airbags.

14.09 / 14:15

UPS Mobile Highways show India’s August oil demand up by 2.5%, 2023 growth revised lower to 239,000/bbl: S&P Global

Oil India Limited (OIL) and private sector producers contributed 0.28 MMT and 0.60 MMT, data released by the Oil Ministry showed. PPAC data shows that diesel demand dropped by 3 per cent on the month, although it was 5 per cent above the same month last year and 9 per cent above August 2019, according to S&P Global.

14.09 / 14:15

COST Digital Highways Interface India to push for better logistics ranking

GST and ICEGATE (Indian Customs EDI Gateway). As many as 106 firms have signed non-disclosure agreements with the government to access data from the ULIP, launched on September 17 last year as part of the national logistics policy.

14.09 / 12:57

Citi Target Ford Highways Ozon show Biden's rules on clean cars face a crucial test as Republican-led challenges go to an appeals court

Efforts by the Biden administration to limit tailpipe pollution from automobiles face a crucial test as legal challenges brought by Republican-led states head to a federal appeals court

14.09 / 04:33

Provident Action Remark Highways stage country blues Why Steel Stocks Are Rising

rapid expansion of its infrastructure. This sector has played a pivotal role in bolstering the nation's economic landscape, making substantial contributions to its GDP, and offering gainful employment opportunities to millions of individuals. Out of the blue on Monday this week, shares of Vallabh Steels, Prakash Industries, Jindal Stainless, Steel Authority of India, and Steel Exchange of India surged by an impressive 11%.

13.09 / 19:37

FIVE Aware Highways stage Ashoka concessions restarts talks to sell BOT toll road assets

Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, has restarted negotiations to sell its build-operate-transfer (BOT) toll road assets after PE major KKR terminated the proposed transaction in May. Global funds such as Canada's CDPQ, Macquarie, Cube Highways, and India's NIIF are in early stages of talks to acquire the assets, multiple people aware of the development said. CDPQ is in talks through its infrastructure trust — Indian Highway Concessions Trust. In 2021, Ashoka Concessions (ACL) and Galaxy Investments II, an affiliate of Kohlberg Kravis Roberts & Co.

13.09 / 17:45

Gap Highways show country social rock Cracker Barrel Is Stuck in a Generation Gap

It isn’t a good sign when a restaurant chain’s investors ask management about the effect of Social Security checks on its future prospects. Cracker Barrel Old Country Store has long thrived on its unique formula and down-home charm. For example, it proudly touts not only how many biscuits, eggs and strips of bacon it sells but also the number of rocking chairs and wooden puzzles—around 70,000 and 300,000 a year, respectively.

13.09 / 13:23

UPS Provident Aware Highways Celebrity exclusive services Financial HDB Financial Services Celebrates World Physiotherapy Day with Truck Drivers

Mumbai (Maharashtra) [India], September 9: On the global observance of World Physiotherapy Day, HDB Financial Services (HDBFS), India’s leading NBFC takes the opportunity to acknowledge the hard work and dedication of truck drivers by organizing free physiotherapy camps for the community. The camps are organized under HDB’s flagship CSR Program – Transport Aarogyam Kendra (TAK).

13.09 / 11:03

COST UPS Reuters Manufacturing Platform Highways NOT Nitin Gadkari retracts from 'six airbags in cars' statement, says govt will not make it mandatory

Gadkari retracts six airbag statement, says government will not make it mandatory. In 2022, Gadkari had said Indian Government has made it mandatory to have 6 airbags rule for passenger cars. The rule was reportedly set to come into force in October, 2023.

13.09 / 09:13

COST FIVE Highways Celebrity India set to raise taller Tricolor flag at Wagah border, outmaching Pakistan's 400-foot

Amritsar will soon have the opportunity to witness the Indian tricolor flying high once again. As per a TOI report, India is preparing to install a national flag on a pole that stands an impressive 418 feet tall, surpassing the Pakistan flagpole in height. In response to India's tricolor flying atop a 360-foot pole on the border, Pakistan had erected its own 400-foot-high national flagpole six years ago.

13.09 / 04:39

Twitter Extreme Highways Rajasthan: Trailer collision on Jaipur-Agra Hwy kills 11, injures 12

National Highway near the Hantra village in Rajasthan's Bharatpur. The passengers were heading to Uttar Pradesh's Mathura from Gujarat's Bhavnagar. The bus was standing on the highway while its repairing work was going on.

12.09 / 19:15

UPS Target Manufacturing Highways SENSEX country Gadkari’s diesel dare spooks auto stocks

NEW DELHI : The spectre of an additional tax on diesel vehicles rattled shares of top automakers on Tuesday before an official clarification that there was no such active proposal before the government. Earlier in the day, Union minister for road transport and highways Nitin Gadkari told an industry gathering that he would consider proposing an additional “pollution tax" on diesel engines if the industry doesn’t transition away from the “hazardous" fuel quickly enough. However, the minister later issued a clarification that said, “It is essential to clarify that there is no such proposal currently under active consideration by the government", and “it is imperative to actively embrace cleaner and greener alternative fuels.

12.09 / 16:57

Citi Software Hyundai Highways TikTok show social lawsuits Hyundai, Kia urge US court to reject cities TikTok-inspired theft lawsuits

By David Shepardson

12.09 / 16:47

Highways OMCs incur losses on petrol, diesel sales as Brent rises to $91/bbl; Kotak cuts Q2 growth outlook for IOC, HPCL, BPCL

Bharat Petroleum Corporation Ltd (BPLC) and Hindustan Petroleum Corp Ltd (HPCL) saw a downgrade in their July-September quarter (Q2) growth outlook after international crude oil prices sharply rose above $91 per barrel. Domestic brokerage firm Kotak Institutional Equities has ‘reduced’ their ratings on all three OMC stocks and has said that the companies have incurred losses over petrol and diesel sales with frozen retail prices and high crude oil rates.

12.09 / 07:13

Manufacturing Highways Govt may impose addl tax to restrict sale of diesel vehicles: Gadkari

diesel vehicles unless automakers voluntarily move away from the fuel, Minister of Road, Transport & Highways Nitin Gadkari (MoRTH) said. Speaking at the 63rd Annual Convention of Society of Indian Automobile Manufacturers (SIAM) Gadkari said he would propose that the Ministry of Finance levy 10% additional GST on diesel driven vehicles to curb use of the fuel. “I would urge you to reduce production of diesel vehicles. If you don’t reduce, we have to increase taxes.

12.09 / 05:19

Citi Provident Art Highways Adventure Himachal government invites tourists, aims to revive tourism amid floods and rain challenges

Speaking to on Sunday, Anirudh Singh said that due to the severe rainfall and floods, the state has incurred a loss of 10,000 crore rupees. «The heavy downpour has caused massive damage to the National Highway Authority of India (NHAI) worth over 20,000 crore,» he claimed. «There has been a loss of 10000 crore rupees to the government property due to the rain and flood disaster in the state. 2200 crore losses as per set norms of the Union government.

11.09 / 17:25

UPS Citi FIVE Manufacturing Metro Highways country India Spends Big on What It Needs Most to Catch Up to China

MUMBAI—The financial capital of India has become a colossal construction site. The barriers that try to keep daily life on track in the metropolis on the country’s west coast proclaim: “Mumbai is upgrading." A new road being built along the Arabian Sea is aimed at easing congestion in a city where three-lane roads are frequently occupied by five lanes of honking traffic. A rapid-transit metro system is being extended to ease pressure on suburban trains overflowing with people.

11.09 / 10:16

UPS Lowe's Highways Time Small cap stock under ₹50: IRB Infrastructure Developers share hits life-time high. Gives 35% return in one month

Small-cap stock under ₹50: IRB Infrastructure Developers shares have been in uptrend after ushering in financial year 2023-24. After bottoming out at around ₹22.50 apiece levels on NSE at the end of March 2023, this toll management company's stock has remained an ideal buy on dips stock for positional investors. In near six months, this small-cap stock below ₹50 has rise to the tune of 55 per cent whereas in last one month, it has risen around 35 per cent.

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