Reliance Infrastructure to raise ₹7500 million through foreign currency bonds

Reliance Infrastructure on Saturday said its board has approved raising up to ₹750 crore by issuing foreign currency convertible bonds (FCCBs) on a private placement basis. Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company. “We hereby inform you that the Board […]

NHAI wants farmers’ removal from UP Gate site, says protest causing damage to DME

The National Highways Authority of India (NHAI) has raised concerns about the maintenance of a stretch of the newly constructed Delhi-Meerut Expressway (DME) due to the ongoing farmers’ protest at the UP Gate near Delhi border. The highways authority has written to the Ghaziabad district magistrate, requesting for removal of farmers from the DME. Hundreds […]

Commuters fear about potholes, craters on major roads in Thane

Following the death of a youngster due to the bad road conditions in Thane, residents and commuters have raised concerns about commuting over longer distances along the Ghodbunder Road and Thane-Nashik Highway. There are potholes aplenty and uneven patches of roads along these major highways. The pathetic conditions of these highways lead to regular traffic […]

Shoddy repair work of roads, substandard materials reasons for potholes: Ulhasnagar residents

Ulhasnagar residents have blamed shoddy road repair works, use of sub-standard materials and lack of regular repairs for the pathetic condition of the roads every monsoon. The residents have taken to social media to draw attention to the many potholes prevalent on the roads across the city. In the last five years in Ulhasnagar, more […]

Repair service lanes or face action: Patiala divisional commissioner warns NHAI

Commissioner of Patiala Division, Chander Gaind, on Thursday, directed the National Highway Authority of India (NHAI) to immediately repair the service lanes under the elevated road project of Ludhiana-Ferozepur four-lane highway and make them motorable before September 30. Presiding over a review meeting, accompanied by deputy commissioner Varinder Kumar Sharma, Gaind said the service lanes […]

₹20 crore spent on Bengaluru road works in last 5 years: Karnataka CM Bommai

Bengaluru Chief minister Basavaraj Bommai on Thursday revealed that the Karnataka government, in the last five years, has spend ₹20,060 crore in various road works in Bengaluru. Bommai, who is also the minister in-charge of Bengaluru portfolio, made the revelation while responding to query in the ongoing monsoon session of the Upper House of the […]