
Coimbatore City Municipal Corporation clears Rs 17 crore dues to Suez
The 24x7 water supply project, which aims to ensure uninterrupted water supply in 60 wards across the city, had seen sluggish progress until recently, due to issues including pending dues. In view of this, TNIE had carried out a detailed report on May 4. CCMC took cognisance of the report and has cleared pending dues. With payments now released, officials confirm that work has gained momentum and the project is expected to be complete by August 2.
Speaking to TNIE, CCMC Commissioner M Sivaguru Prabhakaran said that one of the biggest challenges faced by the civic body was obtaining permission to dig up major state and national highways. "Major highways and arterial roads, from Bharathi Park near Mettupalayam Road to Alvernia School on Trichy Road had to be dug up to install pipelines," he said. "To ensure smooth road conditions post-project, the corporation has also allocated Rs 20 crore to the highways department for road restoration."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
24 minutes ago
- Economic Times
Swiggy shares in focus after company hikes platform fees to Rs 14
Swiggy shares will be in focus on Monday, August 18, after the food delivery major raised its platform fee amid a surge in orders. The company has increased the fee for its food delivery business to Rs 14 from Rs 12 in select geographies experiencing higher order volumes. ADVERTISEMENT The hike comes as Swiggy grapples with widening losses and intensifying competition in the food delivery market. For the April–June quarter, Swiggy's net loss doubled year-on-year to Rs 1,197 crore. The company also reported a net cash outflow of Rs 1,053 crore after accounting for operating, investing, and financing activities. Despite the losses, operating revenue jumped 54% YoY to Rs 4,961 crore, driven by strong order volumes and increased investments in its quick-commerce arm, platform fee increase is expected to help offset costs and support margins, though such charges account for only a small portion of the average Rs 500–600 order value on aggregator platforms. Swiggy did not respond to queries on the latest hike. Competition in the sector is set to intensify with the entry of Ownly, a new service launched by ride-hailing platform Rapido. Currently operating in parts of Bengaluru, Ownly is positioning itself as a cost-efficient alternative by charging restaurant commissions of 8–15%, compared with the 16–30% levied by Swiggy and Zomato. ADVERTISEMENT Swiggy shares have declined 26.52% year-to-date. However, they gained 17.02% over the past six months, 29.61% in the last three months, and 1.28% in the past month. Unlock 500+ Stock Recos on App Also read: US tariff on India: This adversity can be converted into an opportunity (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


India.com
25 minutes ago
- India.com
Neither Mukesh Ambani nor Gautam Adani, this man owns India's most expensive number plate; its price will shock you, he is..., business is..
For many, owning luxury cars is a dream. Often, several celebrities and businessmen in the country are in the news due to their luxury cars. In addition, they also have their respective VIP number plates or registration numbers, which add to their prestige. You may have heard about stars like Mahendra Singh Dhoni, Shah Rukh Khan, and Mukesh Ambani with special number car plates. However, did you know that the country's most expensive number plate does not belong to those stars? The title goes to Venu Gopalakrishnan, a tech company CEO from Kerala. The CEO of Litmus7, Venu Gopalakrishnan, recently added a new luxury car to his car collection. He bought himself a Lamborghini Urus Performante priced around Rs 4 crore. But what has caught everyone's attention is not the car itself, but it is the number plate. His car has the registration KL 07 DG 0007. If media reports are to be believed, Venu paid Rs 45.99 lakh for the unique plate, which is so far the most expensive number plate in the country. This extravagant purchase has made history in the state of Kerala as the highest vehicle registration number price ever. On April 7, 2025, the Kerala Motor Vehicles Department held an online auction in which Gopalakrishnan, the founder and CEO of Kochi-based Litmus7 Systems Consulting Pvt. Ltd., an IT company, acquired the highly coveted 007 registration number, which is popular among car enthusiasts. The bidding for this number began at Rs 25,000 and went higher quickly on the register bid to break our record. The '0007' number – reminiscent of the famous James Bond code – gives Gopalakrishnan's new purchase an exclusivity. The lime-green Lamborghini Urus Performante priced approximately at Rs 4 crore, is reportedly the first of its kind in Kerala. Gopalakrishnan took to Instagram to share a video of his new luxury car. Gopalakrishnan is known for his collection of luxury vehicles, which includes a Lamborghini Huracan Sterrato and a BMW M1000 XR bike. His latest purchase represents the growing trend of personalizing luxurious vehicles with unique registration numbers, which are often regarded as status symbols.


India.com
25 minutes ago
- India.com
Good news for Mukesh Ambani, Reliance Industries earns Rs 78480000000 within…, bad news for Noel Tata, TCS loses Rs 45580000000 due to…
The combined market capitalization of five of India's top-10 most valued companies rose by Rs 60675.94 crore last week, driven by a positive momentum in equities. Among the gainers, State Bank of India (SBI) and HDFC Bank led the rally. In the holiday-shortened trading week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%), reflecting overall market optimism. Valuation Of Reliance Industries, HDFC Bank, SBI From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore. The mcap of Bharti Airtel surged Rs 8,410.6 crore to Rs 10,68,260.92 crore. Reliance Industries' valuation went up by Rs 7,848.84 crore to Rs 18,59,023.43 crore. Losers On Stock Market: LIC, Bajaj Finance, ICICI Bank However, the mcap of LIC tumbled Rs 15,306.5 crore to Rs 5,61,881.17 crore. Bajaj Finance faced an erosion of Rs 9,601.08 crore to Rs 5,35,547.44 crore, while ICICI Bank's valuation declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore. The mcap of TCS fell by Rs 4,558.79 crore to Rs 10,93,349.87 crore, and that of Hindustan Unilever dipped by Rs 3,630.12 crore to Rs 5,83,391.76 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance. (With Inputs From PTI)