Nitin Gadkari says he felt ‘ashamed’ at Mumbai-Goa highway work delays; ‘I want to set record of blacklisting maximum number of contractors and suspending officials for poor quality work’

He said the government would continue taking stringent action against contractors and officials responsible for delays and substandard execution of infrastructure projects. Union Road Transport and Highways Minister Nitin Gadkari has said that he wants to set a record blacklisting contractors who do poor quality work and also suspend officials.Gadkari said he had earlier expressed…

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Billion dollar boom: Jefferies identifies six sectors driving ‘India’s New Industrial Revolution’

Jefferies has identified semiconductors, space, electronics, solar, aerospace and data centres as the top 6 themes. Global investment bank Jefferies, in its latest report ‘India’s New Industrial Revolution’, has highlighted sectors that are poised for growth due to a combination of India’s large domestic market, greater participation from private companies and continued government policy support.Jefferies…

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Woman had gold, diamond jewellery and silver in her home and locker; tax department seized them, but ITAT deletes Rs 11.23 lakh additions – how she won the case

The Income Tax Department seized all these items and the Assessing Officer (AO) asked the woman to produce bills. (Image for representative purpose only) A woman, who has been married for 35 years and lives with her husband in Navi Mumbai, found herself caught up in a tax dispute over jewellery that was seized by…

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‘Largest Europe investment’: Google to invest nearly $15 billion in AI Infrastructure in Finland

“Google’s decision is a clear testament to our strengths,” Finland’s Prime Minister Petteri Orpo said in a statement (Photo: Reuters). Google announced to invest 13 billion euros (nearly $15.1 billion) in Finland in the next two years, on Monday, its largest investment in Europe.“This is Google’s largest single investment in Europe and a testament to…

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Cognizant’s green card filings suspended amid probe by US

BENGALURU: Cognizant’s US green-card filings have been suspended amid an investigation into potential fraud and misuse of employment visa programmes, Anthony D’Esposito, inspector general at US Department of Labor, said in a post on X. “Fighting fraud is a Team Sport…..Threats to American workers will not be tolerated. Alongside @WHFraudTF, we’re following facts, fraud and…

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Sensex tanks 813 points as crude spikes

MUMBAI: Rising geopolitical tensions in the Persian Gulf region pushed up Brent prices above the $100-per-barrel mark for the first time since July on Wednesday. This, in turn, led to the weakening of the rupee, which fell below the 95/$ mark and settled at 95.1 at close. Dalal Street, too, felt the jitters courtesy of…

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Coforge: Coforge stock tumbles 6% as chairman Bhatt resigns

BENGALURU: Coforge shares dropped nearly 6% on BSE after chairman and independent director OP Bhatt resigned from the company’s board with immediate effect on Tuesday. The resignation followed an internal audit review that raised concerns about how the company’s board evaluation exercise was handled and presented. Bhatt became chairman of Coforge in 2024. He previously…

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RBI flags tech concentration risks, warns of disruptions

MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on Wednesday, Jain said…

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