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ministry of road transport and highways plans to build 74 new tunnels stretching 273 km at a cost of ₹1 lakh crore over the next few years as part of a mega scheme to strengthen India's highway network, roads minister Nitin Gadkari said. The minister said this will be done while ensuring regular performance audits of all under-construction projects. Addressing the second edition of Tunnelling India conference organised by Ficci on Tuesday, Gadkari favoured giving a majority 51% stake to foreign partners in joint ventures for building tunnels and detailed project reports to improve work quality, saying it will ensure that only serious and technically qualified players bid for tunnel projects.

When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Karnataka Chief Minister Siddaramaiah’s position has become shaky because of the internal confusions in the ruling Congress as well as the non-performance of the government over the past year, former Chief Minister and BJP Lok Sabha member (Haveri) Basavaraj Bommai said on Tuesday. Triggering instability while claiming everything was hunky dory was part of politics. This situation has now led to leaders openly expressing a desire to occupy the CM’s chair, the senior BJP leader told the media at Gadag, a major town in his Lok Sabha constituency. The jostling among the Congress leaders had given the impression that the coveted post has become unstable. «While they claim everything is fine, internally there is political backstabbing,» Bommai said, referring to how some of the heavyweights in the Congress party were removed overnight. He gave the examples of the way the late leaders, Veerendra Patil, D Devaraj Urs, R Gundu Ro and S Bangarappa were shown the door despite being formidable leaders with a large following. This kind of politics would continue, he said.

According to a recent ABC News/Ipsos survey, which was released on Sunday, Harris led Trump among all adults and registered voters 50 per cent to 46 per cent. Harris had a 52 per cent to 46 per cent advantage over Trump among likely voters. The results are comparable and statistically unchanged from an August poll, according to pollsters. Before the convention, an ABC News, Washington Post, and Ipsos poll found that among registered voters, Harris had 49% support and Trump had 45%. Everybody's eyes were on the polls that were made public after the Democratic National Convention last month to see if the vice president would gain ground after the convention, as some candidates have in the past. Starting on August 23, the day following the convention's last night, a poll was conducted. Pollsters noted that Harris widened the gender gap, even though most of the numbers were essentially unchanged from before the Democratic convention. Regarding women, Harris had a 13-point advantage (54% versus 41%), while Trump had a 5-point advantage (51% versus 46%). According to pollsters, Harris had a 6-point advantage over women before the convention.

loan loss provisioning by publicly listed banks in the June quarter increased to a four-quarter high led by a select banks including public sector banks (PSBs) such as State Bank of India (SBI) and Central Bank of India and private sector banks such as Axis Bank, Kotak Mahindra Bank, and Bandhan Bank. The sequential increase can be attributed to seasonal weakness in collections and higher delinquencies in the retail segment. For a sample of 29 banks, provisioning for non performing assets (NPAs) reached Rs 25,737.1 crore in the June 2024 quarter. On a sequential basis, these provisions rose by 11.3%, following an 18.3% increase in the previous quarter. The increase in provisioning in the June quarter was driven largely by the private sector banks, which posted a 38% sequential jump whereas the PSBs reported 2.9% drop in provisions.

Phillips had worked at Société Générale Asset Management as head of UK wholesale distribution prior to the firm's acquisition by GLG, which Man Group later acquired in 2010.  Man Group president Steven Desmyter thanked Phillips for his service, noting that he «has enjoyed a long and distinguished career at the firm and played a significant role in its growth in the UK».  «We thank him for his expertise, humour and commitment, and wish him all the best for his retirement,» he added.  Man Group enjoys record $900m net inflows as performance fees surge fivefold Phillips added that ...

The application said that duty personnel are facing a lot of difficulties in performing duties due to non-availability of accommodation, security gadgets and paucity of transportation. Centre, in its application in the Supreme Court, was seeking direction to West Bengal to extend full co-operation to the CISF and ensure full compliance, in letter and spirit, of the order dated August 20 or face contempt proceedings for wilful non-compliance of the order.

Passenger planes come into contact at New Chitose Airport during wintry weather conditions. (Credit: Reuters)

Nitin Gadkari said. Speaking at the second edition of Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (Ficci) on Tuesday, Gadkari underlined technology upgradation and cost-effective solutions to tackle the unique challenges of India’s diverse terrain while maintaining high-quality standards. “We need to find out exactly which is the best technology that is cost-effective without compromising on quality,” he said, suggesting the need for adopting global best practices in infrastructure development.

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday.

Tech Mahindra, while Kotak Securities has an add rating on Kaynes Technology and has also initiated coverage on Aadhar Housing with a buy rating. Citi has a buy rating on 360 One.

Jignanshu Gor, Group Analyst, Bernstein SocGen, believes that discretionary spending is waiting to grow at the bottom of the pyramid or in the middle of the pyramid and outside of metro cities. It is not just a metro story. It is a story of the affluent, in both urban and rural India. The recovery for the discretionary from a narrative perspective is going to happen in the next 12 to 18 months, which makes him confident of the prospects of this sector itself. At a time when people are looking at staples, talking about rural recovery, monsoon, election, and all of that, you have initiated coverage on urban discretionary stocks, which were well for the last couple of years. What makes you sanguine about retail, and restaurant over staples? Jignanshu Gor: If I look at how the discretionary spending in India is construed today, the coverage for the sector across retailers, and restaurants, including digital and offline, is restricted to the top 10% of the population. We think that as the increasingly affluent people, both in the top of the pyramid and the middle of the pyramid, are looking to express themselves, that is being expressed in eating out and buying trendier clothes.

Sanjay Singh, CEO and head of territory, BNP Paribas India, also confirmed the bank has recently received a ₹300-million capital infusion from its Paris-based parent group. The lender has carried out equity capital market deals worth $4.2 billion over the past year, and is noticing optimism among clients for the future pipeline. Edited excerpts from an interview with Bhaskar Dutta. ET has learnt that BNP Paribas India has received ₹300 million worth of additional capital over the past couple of months. What triggered the decision and what are the India plans for the bank?

Meryl Streep and Martin Short have emerged as Hollywood's newest obsession, with fans and tabloids speculating about their possible romance off-screen. The two celebrities, who portray lovers on the television series Only Murders in the Building, have spurred speculation about a possible real-life romance, particularly after news of Streep's separation from her 45-year husband Don Gummer broke. Due to their strong friendship, both on and off the set, a lot of people have begun to conjecture that they may be more than just co-stars, making them the unanticipated talk of the town, as per the reports of Yahoo entertainment.

La Liga clash between Real Madrid and Las Palmas, Mbappé appeared increasingly frustrated, particularly with his attacking partner Vinícius. Reports indicate that on several occasions, Mbappé was seen expressing his discontent over Vinícius failing to pass him the ball.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Processor efficiency: The CPU is the heart of your laptop, and its efficiency plays a significant role in battery life. Modern processors, such as Intel’s Evo series or AMD’s Ryzen 4000 and 5000 series, are designed with power efficiency in mind, offering excellent performance while consuming less power.Display technology: The type of display your laptop uses can significantly impact battery life.

Paul Schofield, currently co-head of global equity at Goldman Sachs Asset Management, has been poached by the firm to lead Royal London's Global Diversified Equity fund, a move that will see him flanked by Matt Burgess and Finn Provan.  «I have long-admired RLAM's clear strategy, investment performance and strong brand, alongside its focus on delivering first class capabilities to deliver good outcomes for clients,» he said.  «I look forward to working with the team, using my experience of running both teams and funds to complement their investment process,» Schofield added, as he joi...

Telugu films to its streaming platform, offering viewers a mix of genres and stories. From emotional dramas to thrilling action, these new releases promise something for everyone. Here’s a brief overview of the movies you can catch on Aha this week.