Edelweiss Alternatives’ Fund acquires L&T IDPL

Edelweiss Alternatives’ Fund acquires L&T IDPL

Mumbai: Edelweiss Alternatives’ Infrastructure Yield Plus acquired L&T Infrastructure Development Projects (L&TIDPL), which includes seven operational roads and one power transmission asset in India. Larsen & Toubro held a 51% stake in L&TIDPL, while the Canada Pension Plan Investment Board (CPP Investments) owned the remaining 49%. With this transaction, Edelweiss will have a total of … Read more

Autos, cabs, buses off Bengaluru roads to support strike by private transport vehicle operators

Autos, cabs, buses off Bengaluru roads to support strike by private transport vehicle operators

Most autorickshaws, cabs and private buses stayed off roads in Bengaluru on September 11 in response to a call by Federation of Karnataka State Private Transport Association. It is estimated that around 7 lakh transport vehicles operated by private persons or companies, that are part of 32 unions, will stay off the roads today across … Read more

ETMarkets Fund Manager Talk: Why does this fund manager avoid capital-intensive businesses like power, roads?

ETMarkets Fund Manager Talk: Why does this fund manager avoid capital-intensive businesses like power, roads?

The recovery in the corporate capital expenditure cycle in India is encouraging and something that the country has not seen in atleast a decade. But, portfolio management services firm White Whale Partners still prefers avoiding companies where the gestation period for returns on invested capital is longer. “We would avoid businesses that delve into long … Read more

Highways Department asks contractors to re-lay cold-milled roads immediately

Highways Department asks contractors to re-lay cold-milled roads immediately

The re-laying work is done only during night between 11.30 p.m. and 5 a.m. Photo: Special arrangement The Highways Department has asked contractors to speed up re-laying of roads that have been cold-milled. At present, stretches on Poonamallee High Road and Anna Salai are being re-laid by scrapping off the top layer. The instruction was … Read more

Don’t hesitate or avoid filing FIRs on complaints of serious injuries or death due to bad roads, HC directs police

Don’t hesitate or avoid filing FIRs on complaints of serious injuries or death due to bad roads, HC directs police

A road had caved in at Akshayanagar following rain in Bengaluru on December 10, 2022. | Photo Credit: SUDHAKARA JAIN Taking note of newspaper reports that the police are not registering first information reports (FIRs) on the complaints of serious injuries and death caused due to potholes and bad roads, the High Court of Karnataka … Read more

‘Liquor flooded the roads and currency notes fell like hailstorm…’ 

‘Liquor flooded the roads and currency notes fell like hailstorm…’ 

Forum of Good Governance seeks inquiry into alleged indiscriminate flow of money, liquor during recent Munugode bypolls Forum of Good Governance seeks inquiry into alleged indiscriminate flow of money, liquor during recent Munugode bypolls The Forum for Good Governance (FGG) has written to the Chief Election Commissioner (CEC), urging him to take note of and … Read more

Why Vultures Lurk Along Dark Roads Near You

Oct. 29, 2021 — If you think you see a vulture when you’re out trick-or-treating, it might not be your imagination. Vultures often choose roadside locations over more isolated natural habitats when they settle down to rest for the night, according to a GPS analysis of their movements published in Scientific Reports. This uncommon choice … Read more

Drugged Driving a Growing Threat on U.S. Roads

Drugged Driving a Growing Threat on U.S. Roads

By Cara Murez HealthDay Reporter THURSDAY, Feb. 4, 2021 (HealthDay News) — Combining drugs with driving is a potentially deadly but all too common combination in the United States, according to a new report. University of Cincinnati (UC) researchers found that almost 9% of adults reported driving under the influence of alcohol. Marijuana use among … Read more

Vehicles washed away, roads flooded as rain batters Hyderabad | Watch

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Incessant, heavy rainfall for the last three days in Hyderabad has thrown life out of gear in the city with roads flooded or waterlogged as rainwater entered low-lying areas. The weather department has issued a red alert for Telangana districts and predicted heavy to very heavy rains in most places across the state. As heavy … Read more