Hazoor Multi Projects gets Rs 23-cr project from NHAI in UP
New Delhi, May 21 (PTI) Infra-to-energy player Hazoor Multi Projects Ltd has secured an order worth Rs 23 crore from the National Highways Authority of India (NHAI).
The project has been secured through e-tender process.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
Are you saving enough for retirement? Many aren't
HighlightsThe survey conducted by Grant Thornton Bharat revealed that nearly 83 percent of participants primarily rely on three retirement products: Employees' Provident Fund, gratuity, and National Pension System, indicating a lack of diversification in retirement portfolios. While over half (55%) of respondents expect a monthly pension exceeding Rs 1 lakh, only 11% believe their current investments are adequate to meet these expectations, highlighting a significant preparedness gap in retirement planning. A notable 74 percent of respondents contribute between 1 percent and 15 percent of their salary towards retirement plans, suggesting a cautious approach to savings that may be influenced by financial constraints or competing priorities. Higher earners contribute more to retirement products , but the overall contribution is still relatively low for most individuals, suggesting that many people may not be saving enough for retirement, a survey showed on Wednesday. Nearly 83 per cent of participants relied largely on three retirement products: EPF, gratuity, and NPS. 'This reliance on traditional schemes suggests limited diversification in retirement portfolios ,' said the survey conducted by consulting firm Grant Thornton Bharat. The results showed that more than half (55 per cent) of respondents expect a monthly pension exceeding Rs 1 lakh. However, only 11 per cent believe their current investments are sufficient to meet these expectations. 'This stark disparity highlights a significant preparedness gap that needs to be addressed through better financial planning and awareness,' said the report, the survey for which was conducted by the consulting firm in Aug and Sept last year. Govt-backed plans remain the most preferred option, with 39 per cent of participants favouring such schemes. About 27 per cent of respondents showed a preference for private plans offered by reputable financial institutions. High-risk, high-return plans were particularly popular among younger respondents, with 31 per cent of participants under 25 years interested in these options. 'This finding suggests a growing appetite for risk among the younger demographic,' said the report. With regard to the age of retirement, about 56 per cent of respondents said they plan to retire between the age of 55 and 65. 'This age range aligns with standard retirement practices in India and reflects the broader societal norms regarding work and retirement in the country,' according to the report. Younger respondents, particularly those who were 25 years or below, preferred early retirement. Among this group, 43 per cent showed a preference to retire between 45-55 years. 'Trend indicates shift in attitudes among younger employees, who may prioritise work-life balance & leisure over extended career spans,' said the report. The majority, 74 per cent of respondents, said that they contribute between 1 per cent and 15 per cent of their salary toward retirement plans. 'This contribution range indicates a cautious approach to savings, possibly influenced by financial constraints or competing priorities,' said the report. Asked to respond about their knowledge of pension calculations, 52 per cent of respondents said they were somewhat aware of how their pensions are determined, while 30% admitted to being completely unaware.
News18
36 minutes ago
- News18
Bizarre Vacancy: Rs 21.5 Lakh Salary To Manage A Canteen — But Only If You Have A PhD
Last Updated: A university in China has advertised a canteen manager job with a Rs 21.5 lakh salary, but the surprising eligibility requirement of a PhD has left many people stunned If you're a student or someone searching for a job, this news might surprise you. A top university in China has advertised a vacancy for a canteen manager with a salary of Rs 21.5 lakh per year. However, there's a twist. Southeast University in Nanjing, China, has listed a vacancy for a canteen manager. The role involves overseeing food preparation, ensuring food safety, handling contractors, and managing related paperwork. Does this job profile sound straightforward and easy? Well, the eligibility criteria have left many stunned. To apply for this job, you need a PhD degree. What's On offer? The job comes with an annual salary of $25,000 (around Rs 21.5 lakh). According to a university staff member, cooking experience isn't necessary, but a degree or certification in Food, Nutrition, or Culinary Arts would be a bonus. Who Can Apply? Candidates must have a PhD, be fluent in English, and be proficient in MS Office and other basic software. Prior work experience is preferred. This unusual job posting has triggered sharp reactions online. One user wrote, 'Do we really need a PhD to manage a canteen now?" Others pointed out that intense job competition in China might be forcing institutions to raise their eligibility bars in strange ways. Southeast University is one of China's top 39 universities, and its graduates are usually assured of high-paying roles. But this job listing has left many scratching their heads. First Published:
News18
36 minutes ago
- News18
Trade War Poses 'Greater Challenge' For Emerging Markets Than COVID: IMF's Gita Gopinath
Last Updated: 'Unlike during pandemic, when central banks in developing nations had room to swiftly cut interest rates, a trade war would present a more complex challenge,' IMF first MD says. Gita Gopinath, which is first deputy managing director of the International Monetary Fund (IMF), has warned that the shock from the trade war could hit emerging markets harder than the COVID pandemic. In an interview with The Financial Times, Gopinath said that unlike during the pandemic, when central banks in developing nations had room to swiftly cut interest rates and support their economies, a trade war scenario would present a more complex challenge. 'This time the challenge is going to be greater for them, compared to the pandemic," she said. She pointed out that the imposition of tariffs and other trade barriers has a varied and often opaque impact on different economies, making it more difficult for policymakers to respond effectively. A prolonged escalation in global trade tensions, particularly between the US and China, could disrupt global supply chains and dampen investor confidence. Gopinath also cautioned that capital outflows from emerging markets could accelerate if global risk sentiment worsens or if these countries are perceived as having weaker economic prospects. The slowdown in global trade volumes further adds to the uncertainty. As the global economy grapples with rising geopolitical tensions and protectionist policies, Gopinath highlighted the growing pressure on emerging economies to remain resilient amid external shocks that are harder to predict and mitigate than a global health crisis. 'India Weighing Legal Uncertainties' PTI report citing an official. The official said these developments could influence India's approach to the proposed bilateral trade pact with the US. A team of US officials is visiting here from June 5 to hold talks with their Indian counterparts on the proposed pact. Though India is looking for a balanced and a mutually beneficial trade agreement with the US, 'what we get as compared to other countries, will determine what we ultimately finalise in the deal", the official said. The US is negotiating trade pacts with over 75 countries, including China. It has already finalised a pact with the UK. Asked if some kind of interim trade deal can be agreed upon before July 9, the official, as per PTI, said a lot of uncertainties are there at present because of developments like the Trump administration's plan to further increase tariffs on steel and a stay on a court order against the US authorities' decisions on tariffs. A US court of international trade on May 28 had ruled that present Trump tariffs were illegal under the international emergency economic powers act. The administration later filed an appeal and got a stay on this order. On April 2, US President Donald Trump announced reciprocal tariffs against several countries, including India. It imposed an additional duty of 26 per cent on India, but later suspended it till July 9. However, the 10 per cent baseline duty on all the countries remains. India has already reserved its right to impose retaliatory tariffs against US duties on steel and aluminium. It has also sought consultations under the WTO norms on US tariffs on auto components. If India is considering taking similar measures in more products, the official said India will protect its interests. First Published: June 05, 2025, 15:32 IST
