For FY24, National Highway Authority eyes 1,987km monetisation
The highways body has lined up 30 National Highway sections as part of the plan, with the 124-km Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section being the longest and the 4.4-km Badarpur elevated corridor in Delhi being the shortest in the list.
Government to spend ₹4.5 lakh crore more on infrastructure projects
The original cost of 1,423 projects being monitored by the ministry was estimated at ₹ 20.38 lakh crore, but anticipated cost has risen to ₹24.85 lakh crore, the report said. Until February, the government had already incurred ₹13.63 lakh crore on these projects, which is more than half of the anticipated cost. The ministry monitors […]
New KRAs added to CPSE brass’ appraisal
Implementation of revised appraisal guidelines means that chairman and managing director as well as other top-level officials of a CPSE could lose their performance-related pay (PRP) in case they are unable to meet their target in key result areas (KRAs) including rationalisation of subsidiaries or joint ventures, market capitalisation improvement goals, return on capital employed, […]
7 IT stocks slip to a new 52-week low; tumble up to 25% in a month
5 Nifty stocks close to their 52-week highs even as index falls over 5% YTD
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Nifty to snap 7-year winning run in 2023,says BofA. Read why
The Nifty50 index will end at around 18,000 points this year, about 5.5% higher than current levels but roughly flat with end-2022, BofA said.
Nithin Kamath on where to park your cash amid ongoing banking crisis
Zerodha’s CEO, Nithin Kamath, said those looking to park cash without risks can invest in government securities or T-Bills
Temasek Holdings sells 2.8% stake in Devyani International for Rs 500 cr via block deal; Franklin Templeton MF buys
Franklin Templeton Fund has picked up about 0.5% stake in Devyani International through a block deal on Tuesday. Franklin’s India Flexi Cap Fund has bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at an average price of Rs 145 per share.
Deep dive into UHNWI investments portfolio with focus on Family office
There is a preference for single opportunities that rank at par with institutional investors as opposed to blind pool private equity funds. New-age and tech-oriented promoters with wealth generated through private- and public-market exits have a larger allocation to private equity.
Indian banks can endure global banking turmoil fallout: S&P
The agency said country’s banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates