Roads articles

Kundli-Manesar-Palwal expressway opens this month! PM Modi to inaugurate much-delayed highway project

Kundli-Manesar-Palwal expressway all set for inauguration! The much-delayed stretch of the KMP (Kundli-Manesar-Palwal) expressway, also known as the Western Peripheral Expressway, is now likely to be inaugurated on November 19 by Prime Minister Narendra Modi. The 84-km long stretch of KMP Expressway will link the entire 135 km long route from Palwal to Kundli via

IL&FS crisis: IndusInd Bank moves NCLAT to recover Rs 25 crore interest

IndusInd Bank has approached the National Company Law Appellate Tribunal to recover outstanding interest amount of Rs 25 crore from crisis-hit IL&FS group to avoid being classified as an NPA account. A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has issued notice to the government. The appellate tribunal has directed to list

IL&FS case: Uday Kotak led board warns about Rs 53,000 crore bank exposure; 5 key things to know

Uday Kotak-led Infrastructure Leasing and Financial Services (IL&FS) board has warned about banks facing Rs 53,000 crore worth exposure to finance company. Since the total exposure of the banks to the NBFC is nearly 16 percent, it is “critical to financial stability,” The Indian Express reported citing a report on states of affairs at IL&FS