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Contractors to be penalised for repeat highway accidents

Financial Express Pune

|

November 03, 2025

SAFER ROADS

- FE BUREAU

WHILE BEING LIBERAL to contractors in the help for timely completion of road projects and covering their risk, the new model concession document (MCA) for highway building through build operate transfer (Toll) will have tough performance parameters to adhere to.

To check and reduce the number of road accidents, the contractors will be penalised if more than one accident happens in a year on a particular stretch of national highways, V Umashankar, secretary in the ministry of road transport and highways said.

FLERE HISTORIER FRA Financial Express Pune

Financial Express Pune

New BP boss becomes Big Oil’s most powerful woman

MEG O'NEILL'S RAPID rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt.

time to read

1 mins

December 19, 2025

Financial Express Pune

Vi arm VITIL raises ₹3,300 cr

DEBT-RIDDEN VODAFONE Idea on Thursday said its subsidiary VITIL has completed a ₹3,300-crore fundraise by way of issuing non convertible debentures.

time to read

1 min

December 19, 2025

Financial Express Pune

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

time to read

2 mins

December 19, 2025

Financial Express Pune

‘Bike taxis have huge headroom to grow’

Uber India's two-wheeler business is now its fastest-growing segment.

time to read

1 min

December 19, 2025

Financial Express Pune

Accenture beats Q1 sales estimates on AI boost

NASDAQ-LISTED IT services major Accenture on Thursday beat Street estimates for firstquarter revenue, riding on a strong demand for its artificial intelligence (AI) solutions, but said it will no longer disclose separate revenue and bookings data for AI deals going ahead, as the tech is now increasingly embedded across almost all projects.

time to read

1 min

December 19, 2025

Financial Express Pune

More pressure likely for GIC Re

THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.

time to read

1 mins

December 19, 2025

Financial Express Pune

Airtel rejigs top deck, Shashwat new MD & CEO

Gopal Vittal is executive VC, Soumen Ray group CFO

time to read

1 min

December 19, 2025

Financial Express Pune

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

time to read

2 mins

December 19, 2025

Financial Express Pune

Railways failed to monetise vacant land, says CAG report

OUT OF A land holding of about 488,000 hectares, the Indian Railways could identify by March 2023 only 13% as vacant land and managed to award a negligible 0.14% of it to developers, according to a report of the Comptroller and Auditor General of India (CAG) tabled in the Lok Sabha on Thursday.

time to read

1 min

December 19, 2025

Financial Express Pune

Sebi mulls stricter norms for M&As

MOVE TO PROTECT SMALLER INVESTORS

time to read

1 min

December 19, 2025

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