SC asks Guj HC to hold periodical hearings in Morbi bridge collapse

Terming the Morbi bridge collapse an “enormous tragedy”, the Supreme Court on Monday asked the Gujarat High Court to take up the suo motu matter on a periodical basis to ensure various aspects of the investigation, which include fixing accountability and adequate compensation for the victims are duly addressed. A bench headed by Chief Justice […]

PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021

Over 250 critical infrastructure projects of different ministries including rail, road and ports have been examined and recommended by the Network Planning Group (NPG), constituted under the PM GatiShakti initiative, since last October, a commerce and industry ministry official said. On October 13, Prime Minister Narendra Modi launched the GatiShakti – National Master Plan aimed […]

Singapore-based Payash Capital objects to Arcelor inclusion in Srei bidding

Singapore-based Payash Capital, a 49 per cent stakeholder in Trinity Alternative Investment Managers Limited (TAIML), has opposed the decision of the administrator to include ArcelorMittal as a bidder for SREI assets under insolvency proceedings. In a letter to the administrator, Rajneesh Sharma, of SREI Infrastructure Finance Limited, Payash Capital said, ArcelorMittal Group is not competent […]

China plays down protests against CPEC at Gwadar port in Pakistan

A wary China on Tuesday sought to downplay reports of mass protests against the CPEC projects at Pakistan’s port city Gwadar, saying they are not targeted against the multi-billion dollar initiative, amid growing concerns here about the security of hundreds of Chinese personnel working in the neighbouring country. According to a report in the Pakistan-based […]