Highways Financial News

11.08 / 05:39

BLOCK Waters Highways IMD warns of landslides in THESE states for the next 3 days, several highways blocked

National Highway on Thursday night, according to PTI reports. In Himachal Pradesh, Solan Police informed that NH5 Shima-Kalka road was closed again due to a landslide in the district late last night. Shimla-Kalka road was opened for traffic on Wednesday following the restoration work.

10.08 / 18:13

UPS FIVE Aware Platform Enterprise Highways Actis to buy Patel Infra’s 5 roads for around $91 mn

NEW DELHI : Private equity (PE) firm Actis Llp has agreed to acquire five hybrid annuity model (HAM) road projects from Patel Infrastructure Ltd at an equity value of around $91 million, two people aware of the development said. Actis may place these road assets under an infrastructure investment trust (InvIT) that will also house the six operating highway toll road projects that it bought from Welspun Enterprises Ltd last year. The Welspun deal, struck at an enterprise value of $775 million, marked the first road investment in India by Actis Long Life Infrastructure Fund.

10.08 / 16:28

Reuters Parke Tesla Highways US opens investigation into fatal Tesla crash in Virginia

By David Shepardson

10.08 / 02:39

UPS FIVE Extreme Highways IMD predicts rainfall for Manipur, Meghalaya, Uttarakhand. Check full list here

Also Read: Monsoon Update: IMD predicts heavy rainfall in Bihar, UP, Punjab, Haryana In its weather bulletin, the IMD has forecasted the likelihood of isolated instances of intense to extremely heavy rainfall in Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram, and Tripura over the next four days. Meanwhile, in Himachal Pradesh, the collective number of fatalities resulting from rainfall, floods, and landslides in Himachal Pradesh has climbed to 223. State Revenue Minister Jagat Singh Negi communicated to ANI on Wednesday that Chief Minister Sukhvinder Sukhu is supervising the ongoing efforts to restore the state.

09.08 / 12:03

FIVE Remark Highways performer Highway construction marks steady rise over last five years: Gadkari

New Delhi: The ministry of road transport and highways has been making remarkable strides in the construction of highways, with a notable increase in the length of highways built over the last five years when compared to figures from fiscal year 2013-14, said Nitin Gadkari, minister of road transport and highways. In a written reply to the Rajya Sabha, the minister said that the length of highways constructed in recent years has surpassed the numbers achieved during the fiscal year 2013-14, indicating a strong upward trend.

09.08 / 05:49

Booking Enterprise Highways show International Ircon International shares jump 8% after Q1 profit rises 30% YoY

Ircon International jumped 8% to Rs 107.6 in Wednesday's trade on BSE after the firm reported a 29.6% year-on-year (YoY) rise in its consolidated net profit at Rs 187.4 crore for the first quarter ended June 30, 2023. In the corresponding quarter last year, Ircon International had posted a net profit of Rs 144.6 crore on a topline of Rs 2,001.9 crore. The infrastructure company reported a 35.7% on-year rise in its consolidated revenue from operations during the quarter to Rs 2,712.2 crore.

09.08 / 05:01

UPS Booking Highways share price record high IRCON share price jumps over 8% to hit a record high after strong Q1 results

IRCON International share price rallied over 8% to hit a record on Wednesday after the railway PSU reported strong growth in Q1 results. IRCON share price jumped as much as 8.12% to its all-time high of ₹107.80 apiece on the BSE. IRCON shares have witnessed a sharp upmove this year.

09.08 / 03:43

BLOCK Highways Celebrity National Amarnath Yatra from Jammu suspended due to landslide on Jammu-Srinagar National Highway

National Highway (NHW) has been temporarily blocked owing to a landslide occurrence at T2 Marog Ramban. As reported by ANI citing Jammu and Kashmir Traffic Police, “Jammu-Srinagar NHW is blocked due landslide at T2 Marog Ramban.

09.08 / 01:51

Citi Target Telegram Highways Southern shootings Russia shoots down two combat drones headed for capital: Moscow mayor

Moscow, the city's mayor said on Wednesday, the latest in a surge of drone attacks targeting the capital. «Two combat drones' attempt to fly into the city was recorded.

08.08 / 13:27

FIVE Highways country NOT Inflationary pressure is not strong, despite weather, says Sanjeev Sanyal

economic advisory council to the Prime Minister, Sanjeev Sanyal said Tuesday, two days before the Reserve Bank of India's August monetary policy announcement. The six-member monetary policy committee of the central bank began its meeting Tuesday. The committee members are expected to focus this time more on tomato and green chilli prices, which surged last month, leading to a rise in consumer price index (CPI) for the first time in five months.

07.08 / 17:23

COST UPS Provident Gap awards Highways country How NHAI plans to dodge a debt trap

₹8,480 crore. When it was inaugurated on 12 March, a lot of the social media chatter was about its scale and impact—it cut down travel time between the two cities to just 75 minutes, from over three hours earlier. A couple of months later, the buzz on social media changed course—those using the highway grew increasingly critical.

07.08 / 14:01

Citi Target Man Highways shootings country beautiful 2 people are fatally shot on a fifth day of protests in the South African city of Cape Town

Two people have been fatally shot on a fifth day of violent protests in the South African city of Cape Town sparked by a dispute last week between minibus taxi drivers and authorities

07.08 / 02:41

BLOCK Highways social Himachal Pradesh: Manglad-Bagvat road closed after massive landslide in Shimla

ANI. The landslide occurred in Kinnu area of the Rampur subdivision and a video of the incident had went viral on social media showcasing boulders falling off a mountain into the valley.

06.08 / 17:03

UPS Citi FIVE Remark Highways track country 15 rail stations in Haryana to be revamped under Amrit Bharat Station Scheme

Railway Minister Ashwini Vaishnaw for selecting 15 Haryana stations for redevelopment under the 'Amrit Bharat Station Scheme'. Prime Minister Narendra Modi on Sunday laid the foundation stone for the redevelopment of 508 railway stations across the country via video conferencing. These stations are spread across 27 states and union territories and also include 22 in Punjab.

06.08 / 10:27

UPS Citi Man Discover Highways social The character of Gurgaon is drawn from its rural roots

₹30 crore; those buildings have their own spas. As a result, many people were surprised, or maybe amazed, when mobs in Gurgaon burnt a mosque and several vehicles. They saw this as a contradiction—that shiny real estate for global companies and home to some of the highest paid Indians could also host religious riots.

06.08 / 09:39

BLOCK Action Highways Southern Odisha cannabis case: Section 144 imposed after violent mob sets fire to Kandhamal district's police station

Also read: Fire breaks out at Ahmedabad hospital in Gujarat; 125 patients evacuated A massive manhunt has been initiated by the police to apprehend the culprits involved in the incident. More than 30 people, including three women, have been detained after night-long raids.

06.08 / 05:37

UPS Lowe's Aviat Aware Highways 24 years on, pilot of IC-814, hijacked from Nepal, reveals how he scared Lahore ATC to get permission to land

Devi Sharan has revealed that he had made a secret plan to scare the Air Traffic Control at Lahore by pretending to crash land the aircraft on a highway. Till date, it was understood that Capt Saran, his co-pilot Rajinder Kumar and flight engineer AK Jaggia had decided to land the aircraft at the Lahore airport against the decision of the Pakistani authorities, and while doing so, they mistook a highway for the runway as lights on the runway were switched off.

06.08 / 04:09

Twitter BLOCK Highways shootings country National Jammu-Srinagar National Highway reopens after heavy landslide in Ramban area

National Highway has been blocked due to landslide in Ramban area on Sunday. Police had issued an advisory stating that people should avoid the route till the restoration work is completed on the stretch. Later, the J&K police shared an update stating that the traffic has been restored on Jammu-Srinagar National Highway which was blocked due to landslide at T2.

05.08 / 15:43

UPS Waters Telegram Highways show country Ukraine drone attack damages Russian tanker near Crimea

Ukraine carried out a drone strike overnight on a Russian tanker in the Kerch Strait, a day after one of Moscow's ships was hit in the Black Sea, a Ukrainian security source told AFP on Saturday. It was the latest attack around the Black Sea since Moscow exited a deal last month that had protected Ukrainian grain exports despite the conflict between Ukraine and Russia.

05.08 / 12:19

Progressive Highways social Union home minister Amit Shah inaugurates key road projects in Odisha

₹761 crore, and laid the foundation stone for the road widening and strengthening project from Motar to Baner via Ladugaon, estimated at ₹34 crore, in Bhubaneshwar, Odisha. The event was attended by Odisha's Chief Minister Naveen Patnaik and union minister of education and skill development Dharmendra Pradhan.

05.08 / 12:01

UPS Provident Highways country boost Highway toll gets FASTag boost, monthly collections cross ₹4,000 cr mark

₹4,000 crore mark. Monthly revenues have surpassed this level consistently in every month of 2023 up to June. This signifies the highest toll collection ever achieved by the state-owned highway developer NHAI using FASTag.

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