Category: Roads

Delhi to Mumbai road journey in just 12 hours through Delhi-Mumbai expressway! The Narendra Modi government is launching the construction works of the ambitious Delhi-Mumbai Expressway project which proposes to reduce the road travel time between the two big cities to just 12 hours! In a massive boost to the country’s road infrastructure, the central […]

Amid growing concerns about solvency as well as asset-liability mismatch in the shadow banking space following the IL&FS crisis, the National Housing Bank (NHB) has proposed to gradually raise the capital adequacy requirement of housing finance companies (HFCs) to 15% by March 2022 from the current 12%. In its proposed amendments to regulations, reviewed by […]

Tamil Nadu receives a major infrastructural boost for seamless road connectivity! Prime Minister Narendra Modi has dedicated to the nation and laid the foundation stones for as many as five national highways projects worth Rs 2995 crore in Kanyakumari today. PM Modi launched a road safety park and transport museum as well, according to a […]

Big highway projects to boost Bihar’s infrastructure! Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated and laid the foundation stones for as many as 16 National Highways (NH) projects in Chhapra and Madhepura, Bihar today, worth Rs 6,943.04 crore. Other than introducing new NH projects, the minister also launched several projects under […]

Big step towards decongesting Delhi! Today, Union Minister for Road Transport and Highways is all set to lay the foundation stone for a six-lane access-controlled National Highway (NH) project at Kalindi Kunj-Meethapur Road in Delhi. The highway, which would be over 59 km long, will start at Ring Road-DND junction in the national capital and […]

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months, as a lot of headway is being made in addressing the issues, a senior official said Tuesday. On Monday, the National Company Appellate Tribunal (NCLAT) said that no bank or financial institution can declare […]

The ministry of corporate affairs secretary Injeti Srinivas on Tuesday said that most of the IL&FS subsidiaries in the second list of 100 domestic entities that are part of the debt-laden group are classified under ‘red’ – meaning they are unable to meet their payment obligations. The ministry had earlier submitted a classification for 70 […]

Ganga Expressway in Uttar Pradesh to soon see the light of the day! Said to be India’s longest expressway, the ambitious Ganga expressway project, is on fast-track under Yogi Adityanath-led Uttar Pradesh government. Over a decade after former Uttar Pradesh Chief Minister and Bahujan Samaj Party (BSP) supremo Mayawati announced the ambitious expressway project worth […]

Union Minister Nitin Gadkari on Monday launched national highways and waterways projects worth more than Rs 3,400 crore during his day-long visit to East Champaran and West Champaran districts of Bihar. Gadkari, who holds road transport and highways, and shipping, water resources, river development and Ganga rejuvenation portfolios, also addressed the concluding ceremony of a […]

The National Company Law Appellate Tribunal (NCLAT) on Monday lifted the debt moratorium on 133 offshore group entities of IL&FS, partially reversing an earlier decision on October 15 last year.

Sadbhav Engineering (SEL) is in the final stages of discussions to sell a chunk of its roads portfolio in its subsidiary Sadbhav Infrastructure Project (SIPL), to Cube Highways.

Pakistan on Thursday said it will send a delegation to India next month to discuss and finalise draft agreement for setting up a corridor to facilitate visit of Sikh pilgrims to the Gurdwara Kartarpur Sahib Gurudwara.