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Bhubaneswar's Second LRC Distribution Phase on October 31
Gadkari unveils Odisha infrastructure plans on campaign trail
Union Minister Nitin Gadkari embarked on a campaign trail in Puri Lok Sabha and Brahmagiri assembly segments, unveiling ambitious plans for infrastructural development in Odisha. Among the key announcements, he revealed the decision to establish an airport in Paradip with a substantial investment of Rs 200 crore. Furthermore, he pledged to kickstart work on the 111-km 6-lane Bhubaneswar ring road, with an estimated cost of Rs 6,500 crore, commencing in October.
Addressing a gathering at an election meeting in Krushnaprasad, situated on the banks of Chilika Lake in Puri district, Gadkari..
Mobile app for prepaid taxi, auto booking in Bhubaneswar
Bhubaneswar Development Authority (BDA) is set to revolutionise the local transportation system with the introduction of a new smartphone application (app) to facilitate the prepaid booking of auto-rickshaws and taxis, ensuring a transparent and hassle-free travel experience for commuters in Bhubaneswar. The service will be initially rolled out at Babasaheb Ambedkar Bus Terminal, Baramunda, providing passengers with the convenience of advanced ride booking through their mobile devices. This digital move aims to streamline the process of hailing rides, offering passengers the certainty of sched..
Now, BMC will look into reasons for the Gokhale-Barfiwala flyover gap
BMC has begun rectification work of the newly-constructed Gokhale bridge with CD Barfiwala flyover in Andheri and indicated that it will look into the reasons which led to the 6 feet gap between the two structures. When an audit is carried out, the administration will have to furnish an explanation for the extra expenditure that is being incurred for the rectification work (around Rs.100 million) so it is imperative to look into the reasons which led to the gap. The work is expected to be completed by June.
Mumbai's BEST fleet bounces back with 3,008 buses
After bein..
L&T subsidiary opens new manufacturing unit in Saudi Arabia
L&T Valves Ltd., a subsidiary of Larsen & Toubro, established a new manufacturing plant in Al Jubail, Saudi Arabia, next to the Dammam-Abu Hadriyah Highway. One of Saudi Arabia's main providers of on-off valves is L&T Valves.
The manufacturing facility is being opened with the intention of satisfying the increasing demand from the Middle East. In keeping with Saudi Vision 2030, Anil V. Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering and L&T Valves, emphasised that the new facility will greatly improve local manufacturing capabilities..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
