India and Thailand vying for dominance in Asia's chipmaking industry

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

The National Highways Authority of India (NHAI) has completed the 72-km stretch of the Bengaluru-Chennai Expressway that falls within Karnataka. The project, which faced delays due to local objections over the relocation of the Guddamma Temple at Jinnagara, has now moved past its final hurdle. After over two years of negotiations with villagers and the state government, NHAI successfully shifted the temple and constructed the remaining 500-meter section of the road. Despite the construction being completed, NHAI has yet to announce when motorists will be allowed to use the new road. The expres..

NHAI Officials Inspect NH 181 Ghat Section

Officials from the environment wing of the National Highways Authority of India (NHAI) inspected the ghat section of NH 181 between Kallar and Ooty on Monday, following a directive from the Madras High Court. The inspection was carried out in connection with a case concerning vertical cuttings made by the National Highways-Tamil Nadu state wing on the uphill side of the ghat road. The chief general manager of the NHAI's environmental wing, a respondent in the case, led the inspection of the 38-km stretch. During the visit, officials discovered multiple instances of illegal rock quarrying, wher..

Arkade Developers reports 9.38% drop in Q2 FY25 net profit

Arkade Developers reported a 9.38% decline in net consolidated profit for the quarter ending September 30, 2024. Profit after tax stood at Rs 433.6 million in Q2 FY25, compared to Rs 478.5 million during the same period last year, according to the company’s filing with the BSE. The company’s net consolidated total income also saw a 3.66% dip, reaching Ra 2.03 billion in Q2 FY25, down from Rs 2.11 billion in the corresponding quarter of FY24. Promoter and CMD Amit Mangilal Jain stated, "We’ve lined up strategic launches for the next two quarters to maintain momentum. Our expansion int..