Thursday, April 24
Adani Road Transport has emerged as the top bidder to manage a 124-km national highway stretch in Tamil Nadu under the toll-operate-transfer (TOT) model, with a Rs 1,692 crore offer. The Adani Group company was followed by IRB Infrastructure Developers (Rs 1,485 crore), Epic Concessions (Rs 1,152 crore) and Prakash Asphaltings & Toll Highways (Rs 876 crore) for the four-lane Trichy-ThuvarankurichiMadurai section on NH-38. The National Highways Authority of India (NHAI) opened the financial bids on Tuesday and is expected to award the contract to the highest bidder after getting approval from its board, a senior government official told ET. The authority, which operates under the administrative control of the ministry of road transport and highways, had auctioned TOT Bundle 15 in mid-20
Dense fog kept Delhi blanketed on January 14 morning, causing significant travel disruptions. Thirty-nine trains were delayed, some by as much as four hours, due to near-zero visibility, news agencies reported citing Met Department updates.“Zero visibility has prevailed over Palam since 4:30 IST, with southeasterly winds blowing at 6-8 kmph,” the India Meteorological Department (IMD) reported. Visibility at Safdarjung was reportedly a mere 50 meters.The city's minimum temperature was 8.9 degrees Celsius, slightly above normal. The air quality was recorded as "poor" with an Air Quality Index (AQI) of 256 at 9 am.The IMD forecasts continued dense fog throughout the day, with a maximum temperature of approximately 19 degrees Celsius.An AQI between zero and 50 is 'good,' 51 and 100 'sat
Shares of Asia's oldest stock exchange, BSE Ltd, surged 4.9% on Tuesday to Rs 5,408.95 on the National Stock Exchange (NSE) after brokerage firm Jefferies upgraded its rating on the bourse to ‘hold’ from ‘underweight’ and significantly increased the target price to Rs 5,250 from Rs 3,500 earlier.The upgrade reflects Jefferies' optimism about potential earnings upgrades for BSE Ltd, despite the adverse impact of recent measures by the Securities and Exchange Board of India (Sebi) on the derivatives market. According to Jefferies, Sebi's new futures and options (F&O) rules, which mandate larger lot sizes, initially caused a sharp 70% drop in options contract volumes. However, the decline in premiums has been less severe than expected, falling by less than 10% month-to-date in Jan
