UltraTech Cement hits fresh record high in April: time to buy or book profits?
'UltraTech Cement stock has given a breakout from a 10-month of consolidation phase and a weekly close above its resistance. Traders can buy for a target of Rs 12,800 in the next 3-4 weeks,' Ruchit Jayantilal Jain, VP, Head – Equity Technical Research at Motilal Oswal Financial Services Limited, said.
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Time of India
31 minutes ago
- Time of India
Government approves shifting of Gurgaon's Kherki Daula toll plaza on Delhi-Jaipur NH to Pachgaon
NEW DELHI: The government has approved shifting of Gurgaon's Kherki Daula toll plaza on the Delhi-Jaipur National Highway (NH-48) to Pachgaon, a place beyond Manesar, paving the way for easy commute for lakhs of office goers. Tired of too many ads? go ad free now When the plaza is moved to Pachgaon, over 15 kilometres from Gurgaon, commuters travelling between Delhi and Manesar also won't have to pay toll. Locals have been demanding its removal since 2014. TOI has learnt that Union road transport and highways minister has approved the plan, and to ensure the new spot doesn't see any congestion, the National Highways Authority of India (NHAI) will go for Multi Lane Free Flow (MLFF) toll collection system. For the new facility, the Haryana government has provided nearly 28 acres of land to the highway authority, sources said. The process of shifting and starting the MMLF system to collect toll at Pachgaon may take around six months. 'Pachgaon is the ideal location as it falls beyond Gurgaon and Manesar. Since there is an interchange of the Western Peripheral Expressway and the NH-48 at Pachgaon, the new toll collection point couldn't have been beyond the intersection,' a source said. In the MMLF system, vehicles don't need to stop as overhead cameras installed for each lane will read the vehicle registration number and automatically deduct the charge from the FASTag wallet linked to the vehicle. Sources said a decision has also been taken to have an integrated system to ensure that traffic coming from the Dwarka Expressway side and heading towards Jaipur don't end up paying toll at this point once again as user fee. Tired of too many ads? go ad free now 'This is very much possible. Once the annual toll pass for private vehicles is rolled out most of the issues will be resolved automatically,' said a source. The shifting of the toll plaza will end conflicts between operators and people from areas adjoining Kherki Daula, and fulfil the promise the Haryana and central governments have been making for the past seven to eight years. Locals have been demanding that the NHAI shift the toll plaza citing that the govt has recovered more than the investment made in constructing the Delhi-Gurgaon Expressway by private players and the highway authority. In a written reply to a question in Lok Sabha in March, the road transport ministry said against Rs 2,489 crore incurred as cost for the NH-48's Delhi-Gurgaon stretch, the toll collection has been around Rs 2,775 crore, around 11% more than the investment. After completion of this 27-km Delhi-Gurgaon Expressway, commuters were paying user fees at Sirhaul (Delhi-Gurgaon border) and Kherki Daula toll plazas. Tolling was stopped at the Delhi-Gurgaon border in 2014, bringing relief to commuters travelling between Dhaula Kuan in Delhi and Kherki Daula. However, those going beyond this point paid toll for the entire stretch. At present, NHAI collects toll through its agency. Meanwhile, sources said the decision to shift the Kherki Daula toll plaza by the road transport ministry will create more pressure on the Delhi government and the Municipal Corporation of Delhi (MCD) to do away with physical entry fee collection booths on the capital's borders to prevent congestion. Traffic jams at these places defeat the purpose of huge investment in building highways and expressways for faster connectivity to Delhi.
India Gazette
an hour ago
- India Gazette
Rajasthan: Bank employee withdraws Rs 4.58 crore from customers' in Kota, arrested
ANI 08 Jun 2025, 02:27 GMT+10 Kota (Rajasthan) [India], June 8 (ANI): A woman employee of ICICI Bank in Kota allegedly withdrew Rs 4.58 crore from customers' accounts and invested it in the share market, police said on late Saturday, adding that she has been arrested. Sub-inspector (SI) Udyog Nagar Police Station Mohammad Ibrahim told reporters, 'Bank officer Sakshi Gupta took Rs 4.58 crore from 43 customers' accounts. A case has been registered, and she has been arrested'. 'Sakshi Gupta had invested this money in the share market through a demat account,' the officer added. More details are awaited. (ANI)
Time of India
2 hours ago
- Time of India
PM Modi: Govt initiatives over 11 years helped farmers prosper
PM Modi (File Photo) NEW DELHI: Prime Minister Narendra Modi on Saturday said initiatives undertaken during the last 11 years of his tenure have increased the prosperity of farmers and ensured an overall transformation of the farm sector, and promised that his govt's efforts towards farmer welfare will continue with "greater vigour" in the times to come. Ahead of 11th anniversary of his govt on June 9, the day he took oath for a third consecutive term in office last year, the Prime Minister posted on X a thread of a citizen engagement platform (MyGovIndia) that underlined how the farmers from being trapped in debt and uncertainty are now empowered with dignity, direct income support, better prices, modern infrastructure, and access to global markets through a massive 112% jump in agricultural export (from Rs 1.94 lakh crore in 2013-14 to Rs 4.12 lakh crore in 2023-24). Emphasising how his govt worked to boost "dignity and prosperity" of farmers, Modi in his post said the farmers had to earlier depend on loans even to meet their basic needs but their lives have now become easier due to several decisions taken by the Centre. "We have taken several important decisions to ensure farmer welfare, whether it's PM-Kisan (income support scheme) or crop insurance scheme. Due to continuous increase in Minimum Support Price (MSP), the country's food producers are not only receiving fair prices for their crops but are also experiencing a rise in their income," Modi posted on X, reflecting on the last 11 years. The PM highlighted that govt has paid close attention to key aspects such as soil health and irrigation, which have been greatly beneficial, and urged people to read the thread, posted by the citizen engagement platform of the govt on empowering farmers and uplifting the country's farmers. The platform also shared basic details of almost all the initiatives taken by the Modi govt in the last 11 years for farmers and the farm sector. It noted that the crop insurance scheme helped insure over 23 crore farmers and disbursed claims of Rs 1.75 lakh crore, securing incomes and reducing risk. It also said the agricultural credit shot up from Rs 7.3 lakh crore in 2013-14 to Rs 27.5 lakh crore this year, making access to affordable finance a reality for every small farmer. It also highlighted infrastructural development of the farm sector in 11 years, and shared how initiatives helped in substantially increasing foodgrain production.
