Sector: Infra
Red Sea disruptions ring India alarm bells | India News
The targeted strikes by the US and the UK on Houthi militia have increased the worry for policymakers as the disruption around Red Sea has now begun to impact supply chains apart from making shipping schedules erratic. While the commerce department is working on an inter-ministerial consultation next week to address some of the concerns … Read more
Government tightens rules for NH maintenance
Waking up to complaints and issues related to maintenance of National Highways (NHs), the road transport ministry has now made it mandatory for contractors and executing agencies to submit evidence of time-stamped and geo-tagged photos of ‘before works and after maintenance’, while submitting bills. The move comes amid widespread criticism over the Centre focusing on … Read more
Zomato launches Xtreme
Zomato has launched intra-city parcel delivery app Xtreme the service will allow merchants to send and receive small parcels within the city packages can weigh up to 10 kgs with the price starting at Rs 35 aim is to leverage Zomato’s existing fleet of 3lakh+ riders for additional revenue it will compete with Swiggy’s Genie, … Read more
Promoters divest 6% stake in Kalpataru Projects
The shares were disposed of in the range of Rs 485.06-485.75, taking the transaction value to around Rs 468 cr. The sellers included – Parag Mofatraj Munot (Promoter) and the two promoter group entities — Kalpataru Constructions Pvt Ltd and Kalpataru Viniyog LLP Post this, the total promoter group’s shareholding in Kalpataru Projects International (KPIL) … Read more