Delhi-Mum Expressway completion soon: Gadkari
Financial Express Hyderabad|December 14, 2024
THE GOVERNMENT HAS set an ambitious target of awarding 12,900-km highway projects in the current financial year, as it seeks to address a slowing of construction activity.
PRESS TRUST OF INDIA

The government has set an ambitious target of awarding 12,900-km highway projects in the current financial year, as it seeks to address a slowing of construction activity.

The target, an increase of 50% over the previous year, is despite the fact that the awards in the current year so far have been less than 3,000 km.

In the first quarter, only 95 km of highways was awarded, but after that the awards gained momentum, averaging over 600 km a month.

Further improvements were reported in November, when 773 km of highways was awarded.

Typically, most of the project awards are done in March. Of the 8,581 km awarded in FY24, 3,709 km was awarded in the last month of the financial year.

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Financial Express Hyderabad

Porsche billionaires are in a tight spot, again

PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.

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More Indians looking to fly biz class this holiday season
Financial Express Hyderabad

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The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.

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Q2 a blip, growth to pick up again: FM
Financial Express Hyderabad

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

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1 min  |
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Markets slump over 1%
Financial Express Hyderabad

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EPFO weighs higher equity investments
Financial Express Hyderabad

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

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Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Hyderabad

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INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

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Financial Express Hyderabad

IIT-Madras to offer fine arts, culture courses

In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

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1 min  |
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Financial Express Hyderabad

The world's busiest airline routes in 2024 are largely in Asia

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December 18, 2024
Financial Express Hyderabad

Not even 2% work-linked higher education courses yet: Report

EVEN AS ASSORTED government schemes are a national skill mission aiming to make India's workforce more employable, the latest TeamLease EdTech survey has revealed that barely 2% of the higher education institutions (HEIs) in the country are offering degrees that are work-linked.

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Financial Express Hyderabad

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

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