NHAI babus and thekedars pledge not to be corrupt
Posted on 13th February 2016 |
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| NeW DELHI: For the first time in NHAI's history, all stakeholders tasked with building and maintaining national highways, including officials, staff, road developers and consultants on Friday publicly pledged not to give or take any "inducement or obligation" from each other. Top NHAI officials and senior executives of infrastructure majors, including GMR, IRB, GVK, Sapoorji Pallonji and Oriental Structural Engineers took this pledge on the occasion of NHAI's 21st foundation day. In the pledge, administered by NHAI chairman Raghav Chandra, all the stakeholders read out that they will maintain "integrity, ethics and honesty" in their dealings, do everything to uphold the "name, prestige and image" of NHAI and complete projects in time. This change in approach gains importance considering the large public perception of corruption in implementation of highway projects in the country. NHAI, for the first time, also gave awards for best highway project, wayside amenities, toll plaza, greenest stretch and project completed before time in the last year. NHAI chairman asked consultants preparing detailed project reports to work on the ground for proper detailing rather than relying on Google Maps. Chandra asked private concessionaires to focus on managing their projects well. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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