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Time of India
11-08-2025
- Business
- Time of India
38 railway projects worth ₹89,780 crore falling in Maharashtra: Ashwini Vaishnaw
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Railways budget allocation for Maharashtra has increased significantly in recent years, railway minister Ashwini Vaishnaw informed the Rajya Sabha on allocation for infrastructure projects and safety works, falling fully or partly in the state of Maharashtra, increased 20 times from 2009-2014, when the average outlay was around ₹1,171 crore per year, to the present FY 2025-26, in which ₹23,778 crore has been allocated for railway projects in the of April 1, 2025, 38 projects (11 new lines, 2 gauge conversions, and 25 doublings), of a total length of 5,098km, costing ₹89,780 crore, falling fully or partly in Maharashtra, including Amravati district, have been sanctioned, out of which 2,360km length was commissioned and an expenditure of ₹39,407 crore had been incurred up to March the last three years, that is, in FY 2022-23, 2023-24, 2024-25, and the current financial year, some 27 multi-tracking projects of a total length of 1,991km, costing approximately ₹47,126 crore, falling fully or partly in the state of Maharashtra, were of sections (new line, gauge conversion, and doubling) falling fully or partly in the state of Maharashtra during 2009-14 was 292km (58.4 km/year). It has now moved to 2,292km (208.36 km/year), which is more than 3 times have taken up the Bhusawal-Khandwa 3rd and 4th Line (131km) project costing ₹3,285 crore, and a survey has been taken up for the Murtizapur–Achalpur Gauge Conversion (77km) work falling fully or partly in the Amravati district of multi-tracking projects will enhance line capacity, provide additional passenger and freight traffic, enable faster movement of goods and services, reduce operational bottlenecks, improve logistics efficiency, increase direct and indirect employment opportunities for the people of the region, reduce operational bottlenecks, develop the tourism industry, and increase industrial activities in the construction works on the flagship high-speed bullet train project have gathered momentum in Maharashtra. Now, 100 per cent land acquisition is complete. Works of bridges, aqueducts etc have been taken up. The Western Dedicated Freight Corridor (DFC) also passes through 178route km of the western DFC is situated in Maharashtra, which is about 12 per cent of the overall route length of the western DFC. The 76km line of this project from New Gholvad to New Vaitarna in Maharashtra is already commissioned. Balance works have been taken up. Connectivity of WDFC to JNPT will boost the capacity to handle cargo and container traffic from port to Delhi infrastructure projects falling fully or partly in the state of Maharashtra are covered under Central Railway, South Central Railway, South East Central Railway, South Western Railway, and Western Railway Zones of Indian Railways, said Vaishnaw in reply to an unstarred question in the Rajya Sabha on Saturday.
Indian Express
30-07-2025
- Business
- Indian Express
Pre-feasibility study begins for proposed greenfield airport near Maharashtra's Vadhavan Port
A pre-feasibility study for a greenfield airport proposed near the upcoming Vadhavan Port project in the Palghar district of Maharashtra began last week. It will study the conditions at the site, traffic projections, environmental factors, and viability of the project, and analyse potential integration with existing and future infrastructure developments, such as the Dedicated Freight Corridor and road connectivity to the port, said a Maharashtra Airport Development Company Ltd (MADC) officer The study, which will determine the progress of the airport, is expected to be completed in six to nine months, the officer added. MADC, working under the Maharashtra Government, has hired a joint venture of Grant Thornton and Nippon Koei India to conduct the study. The new airport is being developed to serve and supplement the deep-draft all-weather Vadhavan Port terminal, which is being built on the western coast of Maharashtra and located on the India-Middle East-Europe Economic Corridor (IMEC), according to an officer with the Vadhavan Port project. 'Once commissioned, it is anticipated to boost India's container handling ability by an estimated 23.2 million twenty-foot equivalent units (TEUs),' an officer from MADC said. Authorities stated the new airport is being designed to cater to passenger as well as cargo requirements associated with the port and the neighbouring areas. It will also help offer air connectivity to industrial and warehousing belts in the area, including Bhiwandi and other logistics complexes in the Mumbai Metropolitan Region (MMR). 'The project is an integral part of a greater plan for building a multimodal logistics hub in the region. It encompasses the integration of rail, road, and air transport infrastructure supporting goods and people movement through Vadhavan Port. The airport will also alleviate congestion on current air and land transport links and enhance regional access,' said the officer. 'The final report will inform the government to decide on pursuing a detailed project report and subsequent approvals,' the officer stated. The Vadhavan Port project is being developed by the Vadhavan Port Project Ltd, a joint venture by the Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB). The Union Cabinet has given in-principle approval for the project and is at the planning and land acquisition stage.
Yahoo
25-07-2025
- Business
- Yahoo
GTLB vs. PEGA: Which Enterprise Automation Stock Is a Better Buy Now?
GitLab GTLB and Pegasystems PEGA are major players in the enterprise automation space, each offering distinct platforms that help organizations streamline software development and business operations. GitLab streamlines software development workflows through DevOps automation, while Pegasystems delivers AI-powered low-code workflow automation and decision-management the Grand View Research report, the global autonomous enterprise market size was estimated at $49.25 billion in 2024 and is expected to register a CAGR of 16.2% from 2025 to 2030. Both Gitlab and PEGA are likely to benefit from the significant growth opportunity highlighted by the rapid pace of or PEGA — Which of these enterprise automation stocks has the greater upside potential? Let's find out. The Case for GTLB GitLab is benefiting from strong demand for its DevSecOps platform. Its solutions, such as GitLab Ultimate, Dedicated, and GitLab Duo, play a significant role in driving customer adoption and expanding existing customer relationships. Gitlab's expanding clientele and market leadership in the DevSecOps platform category are contributing to its growth prospects. In the first quarter of fiscal 2026, customers with more than $5K of Annual Recurring Revenue (ARR) increased to 10,104, up 13% year over year. Customers with more than $100K of ARR increased to 1,288, up 26% year over year, demonstrating GTLB's ability to attract and retain large enterprise expanding portfolio has been a major growth driver. In the first quarter of fiscal 2026, GitLab announced the general availability of GitLab 18, featuring major innovations across core DevOps workflows, security and compliance, and AI capabilities natively integrated into the platform. GitLab Duo Workflow, a secure agentic AI, which is in beta, is expected to improve GitLab's footprint across the SDLC. The Case for PEGA Pegasystems is benefiting from strong demand for its GenAI Blueprint solution, which is an agent that uses AI to combine the company's best practices, as well as clients' and partners' knowledge, to design enterprise workflow applications. More than 1,000 new Blueprints are being created every week, more than double from a few months Gen AI blueprint is being widely adopted by tech giants like Accenture, Cognizant, Infosys, Capgemini, TCS, and Wipro for client engagements. In the second quarter of 2025, PEGA saw a 16% year-over-year rise in ACV to $1.51 billion, driven by strong demand for Pega GenAI Blueprint. Pega's expanding portfolio has been noteworthy. In June 2025, PEGA announced Powered by Pega Blueprint, a solution enabling system integrators to integrate their own intellectual property and industry expertise into Pega's AI-driven workflow designer. This helps partners deliver faster, more customized enterprise transformation and drive greater client success. Price Performance and Valuation of GTLB and PEGA In the year-to-date period, GitLab shares have lost 16.4% while Pegasystems shares have appreciated 23.5%. The underperformance of GitLab can be attributed to challenging macroeconomic uncertainties and increased competition in the AI-enabled DevSecOps increase in PEGA's shares can be attributed to its expanding portfolio and the growing popularity of its Gen AI Blueprint. GTLB and PEGA Stock Performance Image Source: Zacks Investment Research Valuation-wise, GTLB and PEGA shares are currently overvalued as suggested by a Value Score of terms of the forward 12-month Price/Sales, GitLab shares are trading at 7.55X, which is higher than PEGA's 5.68X. GTLB and PEGA Valuation Image Source: Zacks Investment Research How Do Earnings Estimates Compare for GTLB & PEGA? The Zacks Consensus Estimate for GTLB 2025 earnings is pegged at 75 cents per share, which has remained unchanged over the past 30 days, indicating a 1.35% rise year over year. GitLab Inc. Price and Consensus GitLab Inc. price-consensus-chart | GitLab Inc. Quote The Zacks Consensus Estimate for PEGA's 2025 earnings is pegged at $1.84 per share, which has declined 1.2% over the past 30 days, indicating a 21.85% increase year over year. Pegasystems Inc. Price and Consensus Pegasystems Inc. price-consensus-chart | Pegasystems Inc. Quote GTLB's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 37.64%. PEGA's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 66.66%. The average surprise of PEGA is higher than that of GTLB. Conclusion While both GitLab and Pegasystems are poised to benefit from enterprise automation growth, PEGA currently offers stronger momentum, higher earnings growth, and broader adoption of its GenAI GTLB's strong growth, AI-powered DevSecOps platform, and solid partnerships, the company faces challenges from one-time expenses, such as the global Summit event and ongoing costs related to its China joint venture, Jihu, which add pressure to its margins. Currently, PEGA sports a Zacks Rank #1 (Strong Buy), making the stock a stronger pick than GTLB, which has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pegasystems Inc. (PEGA) : Free Stock Analysis Report GitLab Inc. (GTLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
19-05-2025
- Business
- Time of India
Meerut to become a hub for edu, sports, culture, biz: CM
Lucknow: Chief Minister Yogi Adityanath reviewed Meerut's integrated development plan on Monday, directing officials to ensure that all proposed 93 projects under the plan were completed as per timelines to develop the city as a hub for sports, education, culture, and commerce. The plan is being implemented to develop Meerut as a smart, clean, and sustainable city. In 2021, Meerut's population was approximately 23 lakh, which is estimated to increase to 33.5 lakh by 2041. The Chief Minister was informed that out of the 93 projects, work began on six. The approximate cost of implementing the entire plan is Rs 15,000 crore. To alleviate congestion and traffic in the city, the Chief Minister spoke about the need for local district administration, development authority, and municipal corporation to work together. He said that Meerut city should only have digital hoardings while the entire city should be brought under CCTV coverage. He added that camera footage should be accessible to the police whenever needed. To develop Meerut as an environmentally robust city, electric vehicles should be promoted, and private sector participation in city bus services should be encouraged. To realise the vision of a clean city, door-to-door waste collection should be carried out while river rejuvenation should be started. The Chief Minister suggested that drainage should be connected with natural water systems for more effective sewage treatment. The Chief Minister was informed that the development plan is based on six major themes, which include beautification of public spaces and walk-friendly arrangements, seamless movement, environmental and social amenities, industrial and residential infrastructure development, conservation of historical heritage, and redevelopment. The projects have been divided into short-term, mid-term, and long-term phases, with 41 projects to be completed within a year. The Chief Minister was updated on plans for the Delhi-Meerut Expressway, Rapid Rail, Ganga Expressway, Dedicated Freight Corridor, Western Ring Road, Internal Ring Road, smart roads, redevelopment of major intersections, and development of cultural sites. Other projects relate to the beautification of Sanjay Van, Surajkund, theme parks, ponds, and historical sites. The Chief Minister said that local parks should be better maintained, and places like Sanjay Van and Victoria Park should be made vibrant. He emphasised the importance of constructing the Meerut Mandapam for events, stating that it would give the city a new identity for cultural activities. In the area of road connectivity, the CM highlighted the utility of the 52-km long Western Ring Road and the Inner Ring Road from Vedvyaspuri to Lohianagar for smooth connectivity. There was also a detailed discussion on plans for widening roads like the proposed internal ring road on the Abu Nala First track, regional connectivity routes, Meerut–Parikshitgarh road, Daurala–Masuri, Rohta, and Garh road.
Yahoo
30-04-2025
- Business
- Yahoo
Werner (NASDAQ:WERN) Misses Q1 Revenue Estimates
Freight delivery company Werner (NASDAQ:WERN) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 7.4% year on year to $712.1 million. Its non-GAAP loss of $0.12 per share was significantly below analysts' consensus estimates. Is now the time to buy Werner? Find out in our full research report. Revenue: $712.1 million vs analyst estimates of $737.2 million (7.4% year-on-year decline, 3.4% miss) Adjusted EPS: -$0.12 vs analyst estimates of $0.12 (significant miss) Adjusted EBITDA: $64.22 million vs analyst estimates of $89.32 million (9% margin, 28.1% miss) Operating Margin: -0.8%, down from 2% in the same quarter last year Free Cash Flow Margin: 3.1%, down from 9% in the same quarter last year Market Capitalization: $1.74 billion 'First quarter results were below our expectations due to elevated insurance costs, extreme weather, a smaller fleet and changes in customer activity stemming from tariff-induced uncertainty. Despite these challenges, we are seeing strength in Dedicated with a streak of wins in new fleet contracts to be implemented in the coming quarters. One-Way Truckload revenue per total mile was up modestly for the third consecutive quarter, despite weather disruptions, increased deadhead, and network inefficiencies. Logistics improved operating income and margin with ongoing focus on cost management,' said Derek Leathers, Chairman and CEO. Conducting business in over a 100 countries, Werner (NASDAQ:WERN) offers full-truckload, less-than-truckload, and intermodal delivery services. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Regrettably, Werner's sales grew at a sluggish 3.9% compounded annual growth rate over the last five years. This was below our standard for the industrials sector and is a rough starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Werner's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 5.9% annually. Werner isn't alone in its struggles as the Ground Transportation industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. We can better understand the company's revenue dynamics by analyzing its most important segments, Truckload Transportation and Logistics, which are 70.5% and 27.5% of revenue. Over the last two years, Werner's Truckload Transportation revenue (deliveries made with Werner's fleet) averaged 7.8% year-on-year declines while its Logistics revenue (brokered deliveries using third-party fleets) was flat. This quarter, Werner missed Wall Street's estimates and reported a rather uninspiring 7.4% year-on-year revenue decline, generating $712.1 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 5% over the next 12 months. Although this projection indicates its newer products and services will fuel better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Werner was profitable over the last five years but held back by its large cost base. Its average operating margin of 7.2% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. Analyzing the trend in its profitability, Werner's operating margin decreased by 9.3 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Werner's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. This quarter, Werner's breakeven margin was down 2.8 percentage points year on year. Conversely, its gross margin actually rose, so we can assume its recent inefficiencies were driven by increased operating expenses like marketing, R&D, and administrative overhead. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for Werner, its EPS declined by 34.4% annually over the last five years while its revenue grew by 3.9%. This tells us the company became less profitable on a per-share basis as it expanded due to non-fundamental factors such as interest expenses and taxes. Diving into the nuances of Werner's earnings can give us a better understanding of its performance. As we mentioned earlier, Werner's operating margin declined by 9.3 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; taxes and interest expenses can also affect EPS but don't tell us as much about a company's fundamentals. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Werner, its two-year annual EPS declines of 71.3% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, Werner reported EPS at negative $0.12, down from $0.14 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street expects Werner's full-year EPS of $0.28 to grow 338%. We struggled to find many positives in these results. Its Logistics revenue missed and its revenue fell short of Wall Street's estimates. Overall, this quarter could have been better. The stock traded down 3.8% to $26.60 immediately after reporting. Werner underperformed this quarter, but does that create an opportunity to invest right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
