NHAI awards Rs 1,444 crore Punjab contract to GR Infraprojects
Posted on 1st November 2016 |
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| National Highways Authority of India (NHAI) today said it has awarded a Rs 1,444 crore contract for widening of a highway stretch in Punjab to GR Infraprojects Ltd. “The NHAI has issued Letter of Award (LOA) for development of national highway section in the state of Punjab under phase IV of National Highways Development Projects (NHDP),” NHAI said in a statement. The project pertains to four-laning of a 81-km stretch of Phagwara-Rupnagar. The Phagwara-Rupnagar section passes through Banga town and the proposed Nawashahir bypass and terminates at Rupnagar. “This will be the shortest route for movement between Amritsar and Chandigarh, two most important cities of Punjab, and also tourist hubs for Sikh pilgrimages. The project will help in expediting the improvement of infrastructure in Punjab and in reducing the time and cost of travel,” the statement said. The project will have four structures (Grade separator/flyover), one major bridge, 22 minor bridges, one vehicular underpass and one pedestrian underpass. The project would be executed on hybrid annuity mode and scheduled time of completion is 30 months from the date of commencement. |
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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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