NHAI to issue 200,000 FASTag by March 2017
Posted on 8th July 2016 |
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| Get ready to zip through national highways without stopping as the National Highways Authority of India (NHAI) aims to issue 200,000 FASTag by the end of the current financial year (2016-17) after it crossed the 10,000 mark last month. FASTag offers near non-stop movement of vehicles through user plazas and convenience of cashless payments of toll fee with nationwide inter operable ETC services. FASTag is operational on more than 335 toll plazas on national highways across the country. NHAI would also fix dedicated lanes for electronic toll collection (ETC) on the national highways by fiscal end, an official statement said. The sale of FASTag or cashless payment mechanism on toll plazas on highways has crossed 10,000 in June 2016. The monthly transaction through ETC during the month has crossed Rs one crore. Cashless payment mechanism or FASTag on toll plazas across national highways was rolled out by NHAI on April 25, this year. A dedicated FASTag lane has been earmarked at 48 toll plazas on Delhi - Mumbai and Mumbai-Chennai corridors. To facilitate purchase of FASTag by road users, Points of Sale on 23 toll plazas are available on these two corridors. In order to promote cashless payment through FASTag, government has allowed NHAI to give 10 per cent cash back incentive on toll payments in financial year 2016-17 for FASTag users. The cash back amount for a particular month is credited back to the FASTag account at the beginning of the next month. |
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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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