Chandigarh Residents Demand Scrapping of Need-Based Policy

Industrial area flyover project to be built in Chandigarh

The proposed industrial area flyover project, which is delayed, will fall on the proposed Metro Corridor-2. Recently, the Rail India Technical and Economic Service (RITES) has suggested certain modifications and given permission to construct the project. There were some concerns as to how it would impact the proposed Metro line as the corridor runs along the Vikas-Purva Marg axis, crossing the Industrial Area junction, and onward to Transport Chowk, where it connects with Corridor-1, lying on the Mullanpur-Madhya Marg-Panchkula axis. According to sources, it was reported that the engineering d..

Chandigarh Municipal Corporation Embraces AI-GIS for Road Assessment

Chandigarh Municipal Corporation (MC) has embarked on a pioneering initiative to revolutionize the assessment of road conditions within the city. By leveraging Artificial Intelligence (AI) and Geographic Information System (GIS) technologies, the MC aims to streamline the process of monitoring and maintaining its road infrastructure.

With the rapid expansion of urban areas and the increasing volume of vehicular traffic, ensuring the smooth functioning of roads has become a paramount concern for municipal authorities. Traditional methods of road assessment often prove to be time-consumi..

Chandigarh Infrastructure Needs Modernization

The High Court has emphasised the urgency of modernising Chandigarh's infrastructure, stating that it cannot remain stagnant in the 1950s. This directive underscores the need for comprehensive development to align the city's infrastructure with contemporary needs and standards.

The court's remarks highlight the imperative of adapting Chandigarh's infrastructure to accommodate the evolving requirements of its residents and businesses. Stagnation in infrastructure development risks hindering the city's progress and competitiveness in the modern era.

Chandigarh, envisioned by Le C..

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..

IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24

The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to ..