LEH Financial News

India is building the world's highest tunnel, motorable road and fighter aircraft base in Eastern Ladakh as part of the government's push towards strengthening infrastructure for both military and civilian use. Border Roads Organisation (BRO) chief Lt General Rajeev Chaudhry said that the force is going to break its own record of building the highest road at Umlong La Pass two years back and now it will be surpassed in the next two working seasons with the Mig La-Fukche road coming up. «Umling La is the highest motorable road in the world.

Congress leader Rahul Gandhi arrived in Leh to a rousing welcome from locals on Thursday, on a two-day visit to Ladakh during which he will chair a party meeting and meet other social and political leaders of the region. Party leaders said Gandhi's visit should be seen in continuum with the Bharat Jodo Yatra which infused fresh energy in the party cadres in Ladakh and across the country.

Italian trekker was found while an injured mountaineer was rescued in a separate operation by the Indian Air Force (IAF) in Ladakh, officials said on Sunday. The body of Davide Macella was recovered by a joint team of the police, the Union Territory Disaster Response Force and the Army's 'Forever in operation' division from Charchar La Pass along the Leh-Zangla track, senior superintendent of police, Kargil, Anayat Ali Chowdhary told PTI.

long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.

Entrepreneur. Daredevil traveller with a penchant for danger and thrill. Skilled biker. He wore many hats, successfully in his lifetime. The sudden death of Ambareesh Vedantam Murty, the CEO and co-founder of virtual furniture company Pepperfry has left shockwaves throughout the corporate world. The 51-year-old businessman, who was on a tour in Leh, was seen in high spirits, chatting about the beautiful roads of Ladakh in an Instagram video titled, ‘Motorcycle Diaries’, describing the roads as the perfect spot where “angels could party.” Hours after the video was posted, the news of his death was shared by Ashish Shah the co-founder of Pepperfry. “Extremely devastated to inform that my friend, mentor, brother, and soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh,” wrote the entrepreneur.

Pepperfry cofounder Ambareesh Murty on Monday. Murty, 51, passed away in Leh after a cardiac arrest. His business partner and Pepperfry cofounder Ashish Shah said he has “lost a friend, mentor, brother, soulmate” in Murty.

Mumbai: Ambareesh Murty, co-founder of online furniture store Pepperfry, died of a cardiac arrest in Leh on Monday. The 51-year-old entrepreneur was there with the strategy team of Pepperfry for an offsite. Murty, a fitness freak and trekker, founded Pepperfry along with Ashish Shah in 2011.

Pepperfry cofounder and chief executive Ambareesh Murty passed away in Leh on Monday night due to a cardiac arrest, Ashish Shah cofounder of the omnichannel furniture retailer said in a tweet on Tuesday morning. «Extremely devastated to inform that my friend, mentor, brother, soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh.

The focus is on building new alternative and lateral connectivity to the strategic Sub Sector North (SSN) besides considerable realignment works around the Durbuk-Shyok- Daulat Beg Oldie road segment, ET gathers. Most of these proposed single-lane roads will traverse into the Changthang cold desert sanctuary and require green clearances.

Army man, Javaid Ahmad Wani, went missing from his native village Asthal in Kulgam district of southern Kashmir on Saturday evening. Wani is part of the 3-JAKLI and is posted in Ladakh. He was on leave for over a month since June 29 to celebrate Eid ul Azha with his family, and was scheduled to fly back to Leh on Sunday and join the duty on Monday.

“It was sudden and swift,” Aslam said. A cloudburst followed by flashfloods hit nearly a dozen villages in Kulgam, filling homes with mud and washing away some cattle. A day before, on Friday night, another cloudburst in the neighboring arid, cold desert region of Ladakh triggered flashfloods and inundated parts of its major town, Leh.

Zoji La Tunnel, which is said to establish all-weather connectivity between the Union Territories of Ladakh and Jammu and Kashmir, is expected to be completed by December 2030, an army official said on Thursday. Captain IK Singh, office-in charge, of Border Roads Organisation told ANI, «The revised length of the tunnel is 13. 15 km.

New Delhi: Energy Efficiency Services Limited (EESL) has forged partnerships worth ₹700 crore during the recent 14th Clean Energy Ministerial (CEM) meeting in Goa, said statement from EESL. As part of the event, EESL unveiled its new Energy Efficiency Strategy crafted in close collaboration with USAID India, which reinforces its pivotal role in driving India’s net-zero aspirations.  “Additionally, EESL solidified its commitment to decarbonization by signing a strategic MOU with the United States Agency for International Development (USAID), India to shape forward-looking strategies and programs," it said.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Ladakh, and Jammu and Kashmir for the third consecutive day on Sunday, officials said. With water bodies swollen, the meteorological department issued a red alert for Monday for certain parts of the Jammu region and Ladakh, while residents in dozens of lower catchment areas in the Jammu region were evacuated to safety as a precautionary measure.

Ladakh, prompting the meteorological department to issue a red alert for the region, officials said. The rains also triggered landslides on the Leh-Kargil-Srinagar National Highway at Lamayuru, forcing the closure of the strategic highway, they said. Officials said the high-altitude passes in both Leh and Kargil districts experienced unseasonal snowfall overnight after two days of rainfall.