Gold
Valuation Gap: Great Eastern vs. Shipping Corporation
NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn
NMDC Steel announced on Tuesday that its loss had widened to Rs 595.37 crore in the September quarter, primarily due to a surge in expenses. The company had reported a loss of Rs 131.10 crore during the same period last year, according to an exchange filing. The company’s total income increased to Rs 1,535.46 crore, up from Rs 290.27 crore a year earlier. However, NMDC Steel's expenses escalated to Rs 2,364.39 crore in the second quarter of the current fiscal year, compared to Rs 464.93 crore in the corresponding period of the previous year. NMDC Steel Ltd, which was demerged from the mi..
Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion
Residents of Valanthakad, a tranquil island near Kochi, are celebrating the revival of a long-awaited bridge project connecting them to the mainland, with plans for bus connectivity now in the works. The new bus services are set to benefit Valanthakad’s nearly 15,000 residents, as well as the residents of Perumbalam, a nearby island, with enhanced public transportation options. The Tripunithura Sub Regional Transport Office (RTO) has proposed 21 new routes, including the 5km-long Tripunithura-Valanthakad Kadavu and 28km-long South Paravoor Jetty-Vaduthala Jetty-Perumbalam stretches. These r..
KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders
Bharat Rashtra Samiti (BRS) working president KT Rama Rao has called for the cancellation of tenders worth Rs.88.88 billion, awarded under the AMRUT 2.0 scheme in Telangana. Addressing the media in New Delhi on Tuesday, Rama Rao accused the Congress-led Telangana government of engaging in "crony capitalism and corruption," raising concerns over the integrity of the tender process. The tenders, issued in February, include six packages, one of which is a Rs.11.37 billion contract awarded to a joint venture involving Indian Hume Pipe Company (IHP), Sodha Constructions, and AMR. According to KTR,..
