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Economic Times
19 minutes ago
- Economic Times
Stock Radar: Thomas Cook breaks out from a Cup & Handle pattern; showing signs of momentum after 30% fall from highs
Thomas Cook India Ltd, part of the travel related service industry, broke out from a Cup & Handle formation on the daily charts which has opened room for the stock to head investors can look to buy the stock for a target of Rs 262 in the next 3-4 months, suggest stock which is also part of the BSE Smallcap index hit a high of Rs 264 on July 30, 2024, but it failed to hold the momentum. It closed at Rs 170 on July
Time of India
33 minutes ago
- Time of India
3 yrs after deadline, Bhangel elevated road finally ready
Noida: The 5.5-km Bhangel Elevated Road over the congested Dadri-Surajpur-Chhalera (DSC) Road is finally ready and is likely to be opened to the public in Aug or Sept after Noida Authority wraps up landscaping and street lighting on the stretch. Launched in June 2020 with a Dec 2022 deadline, the project took over five years to complete — more than double the intended timeline for the project. On Monday, UP State Bridge Corporation Ltd (UPSBCL), the construction agency, issued a letter stating the main carriageway of the elevated road was ready for traffic and would be handed over to Noida Authority on Aug 1. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Noida Authority CEO Lokesh M told TOI that the elevated road would be opened to the public after the last leg of the beautification work was complete, along with its new Sector 96 headquarters. The Authority is also planning to add two loops at the Sector 49-107 intersection. One of these is to descend near the Hanuman statue for commuters heading to 7X sectors from Sector 37, and the other towards Phase 2 and Surajpur. The loops, which are also be built on the opposite side for commuters travelling towards Sector 107, are likely to be constructed in six months after a construction agency is shortlisted. Once operational, the elevated road is expected to ease traffic pressure on the Noida Expressway and improve connectivity between central and southeastern parts of the city. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Durable Perforated Stainless Steel Sheets Online – Trusted Suppliers Stainless Steel Sheets | Search ADS Search Now Undo Spanning from Agahpur to Noida Special Economic Zone (NSEZ), the project will allow commuters to skirt over the congested DSC Road and bypass major traffic choke points at Chhalera, Barola and Bhangel. Though proposed in 2013, construction of the elevated road began only in June 2020. With repeated delays over funding gaps, design changes and slow approvals, the original Dec 2022 deadline was extended twice — first to 2023, and then to 2024. Multiple factors caused the delay. A severe funding crunch halted construction for six months in 2023 after UPSBCL, the executing agency, stopped work due to pending payments. Work resumed in Oct after partial payments were released and project costs were revised upwards by over Rs 100 crore. Design changes also added to the delay. A 90-metre realignment was needed near Agahpur-Bhangel due to two obstructing structures, which increased material use and cost. Slow approvals and rains disrupted the final stage works, like mastic and bitumen layering. Although the elevated stretch is ready, the bridge corporation is yet to complete the service lanes, drainage and landscaping on the DSC Road below, leaving residents and traders in Barola, Salarpur, and Bhangel to suffer due to broken roads, waterlogging, and years of reduced business. UPSBCL has claimed that Noida Authority was yet to clear Rs 219 crore of the total construction cost of the elevated road, which includes Rs 163 crore in cost escalation, Rs 16 crore in GST differences and Rs 30 crore in interest, leaving it short of funds. The corporation claimed that the Authority had not responded to its letters, forcing it to invoke the arbitration clause to recover dues. While the corporation has now asked to be relieved of the incomplete ground works, estimating that they would cost another Rs 25 crore and take eight months, Noida CEO said UPSBCL was still responsible for the remaining work. He also stated that all bills had been cleared.
Deccan Herald
an hour ago
- Deccan Herald
Social Welfare Minister Mahadevappa defends Rs 11k cr SC/ST funds for guarantees
For 2025-26, the Scheduled Castes Sub-Plan and Tribal Sub-Plan (SCSP-TSP) have Rs 42,017.51 crore. This includes Rs 29,991.69 crore under SCSP and Rs 12,025.82 crore under TSP.
