Tuesday, July 1, 2025

Creating liberating content

Access Denied You don’t have permission to access ” on

Bay Area Rapid Transit (BART) passengers walk off a train

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator

Related News

Access Denied You don’t have permission to access ” on this server. Reference #18.adf5d217.1751389020.d844a7 Source link

Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an

Bay Area Rapid Transit (BART) passengers walk off a train at the Richmond station on March 15, 2023 in Richmond, California. Justin Sullivan | Getty Images Commuters in and around

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix

HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the

An image of a Quantix drone made by AeroVironment. David Mcnew | Getty Images News | Getty Images AeroVironment shares fell 7% Tuesday after the defense contractor said it plans

Trending News

Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix

HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the

New Delhi, The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1751375768.90018f2 Source link

NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to

In 2 years, NHAI barred 29 firms from bidding after poor quality work | India News

Word Count: 624 | Estimated Reading Time: 4 minutes


In 2 years, NHAI barred 29 firms from bidding after poor quality work

NEW DELHI: PM Narendra Modi has asked road transport ministry to formulate “clear norms and standards” for subcontractors engaged by main highway builders to ensure high quality of work during project execution. The ministry has also been instructed to rework the criteria of eligibility and selection of supervision engineers, who are responsible for quality compliance during construction.These instructions, among several others, came amid instances of newly-built highways getting damaged due to poor quality work – primarily because of abnormally low prices quoted by bidders to bag projects and laxity in supervision by consultancy firms engaged by the govt. Last Dec, the PM had reviewed the ministry’s performance and minutes of the meeting issued last month mentions these directions, TOI has learnt.While the ministry has amended the contract conditions to discourage abnormally low bids, it is finalising stringent norms for rating of supervision engineers. These will be rolled out in a couple of weeks. The rating will make it impossible for those scoring poorly to get work.Meanwhile, cracking down on poor performers, National Highways Authority of India (NHAI) has barred over a dozen construction companies and 17 consultancy firms from bidding for projects and has also imposed an around Rs 24 crore penalty on them in past two years. In a series of disciplinary action, 26 NHAI officers, including several general managers and deputy general managers, were suspended for negligence and dereliction of duty. Another 57 officers, who were on deputation, were repatriated prematurely to their parent cadre as part of the clean-up drive.In a strong message to highway builders, NHAI has also warned contractors that they will not just face penalty but will also have to bear the cost of new construction for failures.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account