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New Indian Express
29-05-2025
- Business
- New Indian Express
NHAI likely to build grade separator in Tamil Nadu's Panjappur to ease traffic woes
TIRUCHY: With Panjappur emerging as a vital economic and logistics hub in Tiruchy and several key projects under way, the road users have urged the authorities to construct a flyover in the area, citing the potential increase in traffic. P Ayyarappan, Road User Welfare Committee coordinator, said, "Panjappur is emerging as a key economic and logistics hub in Tiruchy. However, given the strategic convergence of these developments, the area is expected to witness a significant rise in both passenger and freight traffic. Hence, officials from the state and central government should have implemented plans to decongest the expected vehicular traffic alongside the development of the Integrated Bus Terminus (IBT)." "The extent of traffic congestion that the IBT and its surrounding areas will experience can only be exposed once the facility becomes fully operational," he added. Meanwhile, T A Subash Chandar, an Intra-City Development Endeavours (TIDES), suggested that the construction of a cloverleaf-type flyover at Panjappur is crucial to manage the increasing traffic and support the area's rapid urban expansion.
Time of India
22-05-2025
- Politics
- Time of India
BJP man asks MLA to thank PM
Trichy: Tension prevailed for a while at the inauguration of the renovated Srirangam station when a BJP functionary argued with DMK MLA M Palaniyandi insisting that he thank the PM for upgrading the railway station. Besides Palaniyandi, Trichy MP Durai Vaiko, DRM, Trichy railway division, M S Anbalagan, and collector Pradeep Kumar were on the dais. Addressing the gathering, the MLA spoke highly of the Panjapur integrated bus terminus (IBT), and said the upcoming Srirangam satellite bus stand will be on similar lines. "Many NRI friends praised the Panjapur bus terminus, and they said the bus stand appears like transport facilities available abroad. They wanted to thank the district collector and CM for such infrastructure," he said. At this point, Thiruvenkadam Yadav, district vice-president of BJP's spiritual and temple development wing, interrupted the MLA, and wanted him to thank the PM for redeveloping the railway station. "This is the event to thank the PM," the functionary said. He was pacified by RPF personnel and others. "You sit down, I am talking about bus stands built by the state govt and not about the railway station. Try your tricks with others, not with me," the MLA responded from the dais.
IOL News
12-05-2025
- Business
- IOL News
Homebuilders urged to embrace Alternative Building Technology and Innovative Building Technologies for a sustainable future
The high interest rate environment has spelled an increase in building material. Image: Simphiwe Mbokazi/Independent Newspapers With the prevailing economic and environmental realities, homebuilders are encouraged to consider alternatives such as the usage of Alternative Building Technology (ABT) and Innovative Building Technologies (IBT). This was as the whilst high interest rates inevitably impacted the affordability, or lack thereof, and increase in home construction costs. Portia Sebulela, the head of Marketing, Communications and Stakeholder Relations at the National Home Builders Registration Council (NHBRC), said it was actively encouraging the usage and uptake of ABT and IBT, which is are unconventional building methods or materials which are not covered by the National Building regulations and building standards. She said these are assessed for fitness purposes by Agreement SA, a certification body and custodian of IBTs in the country. 'Some of the notable advantages of ABT and IBT include reduced construction time, reduced life cycle cost, environmental impact, as well as innovative architectural options,' Sebulela said. In March, the Social Housing Regulatory Authority (SHRA) said the primary risks to the housing sector include economic uncertainties, rising construction costs, and bureaucratic delays that could slow down project implementation. To resolve these problems, the institution said policy alignment, financial commitments, and stronger industry partnerships would be required. The NHBRC, a regulatory body of the home building industry, said since the inception in 1998, there has been gradual yet noticeable improvements where compliance is concerned. In January this year, President Cyril Ramaphosa signed into law the Housing Consumer Protection Bill to replace the Housing Consumers Protection Measures Act of 1998. The NHBRC said though the commencement thereof is yet to be announced by the Minister of Human Settlements, Thembisile Simelane, the incoming Act will introduce significant changes to the legislative framework within the South African home building industry, thus enhancing how the NHBRC undertakes consumer protection and industry regulation. The NHBRC said that given the age of the current Act, the incoming Act will significantly address the isolated incidents of non-compliance and related gaps within the current regulatory framework. According to Sebulela, under the current outgoing Act, the non-categorisation of home builders is one aspect that is a challenge to the NHBRC. She said that fortunately, with the imminent new Act, the NHBRC has an opportunity to ensure home builders are categorised, graded and classed according to their respective levels of competence. She said currently, the Act prescribes that all homes must be enrolled with the NHBRC at least 15 days before construction. 'This requirement enables the NHBRC to manage its risk by ensuring that houses are inspected at all the key stages of construction. However, should the construction of the home commence without the prerequisite enrolment, this is referred to as late enrolment. "The challenge with late enrolment/s is the associated high risk thereof. The current practice by the NHBRC to inhibit late enrolments is to request the home builder to provide a financial guarantee.' The NHBRC said the home-building industry, like many sectors, is impacted by the economic realities of the country. However, it said there are signs of resilience boosted by the innovation and technology within the sector. 'For instance, most housing consumers are opting for smaller and sustainable housing as a replacement for bigger living spaces. Cluster housing is on the rise with smart technologies implemented in the housing industry, hence the growth of smart cities.' The regulator said the standards are constantly revised to meet global challenges and introduce new Building Technology in the housing sector. The NHBRC is actively promoting ABT and IBT and the applicable training with the relevant stakeholder groups. Sebulela said the homebuilding sector requires ongoing collaborative efforts from the government, financiers and business to support innovation, uphold compliance and maintain quality standards to improve the livelihood of people by implementing sustainable Human Settlement programmes. The SHRA said to improve the sector's outlook, a more coordinated effort is required between government departments, municipalities, and private sector investors to ensure timely land release, efficient funding mechanisms, and supportive infrastructure development.
Yahoo
07-05-2025
- Business
- Yahoo
How to play options post-Fed decision
00:00 Speaker A Well, the Federal Reserve keeping interest rates steady, and Fed Chair Powell highlighting that the central bank's policy is in a good place until further clarity is comes amid increased economic uncertainty. For more and how investors can dip into the market post Fed, we have Vice President of options at Simpler Trading. That's Danielle Shay joining us for the Options Pit sponsored by Tastytrade. Danielle, thanks for being here. So, in the wake of that Fed decision and the press conference, um, what are you seeing in terms of volatility? What have you been seeing recently? And how should people maybe play it, uh, play sort of the broad market based on what's going on? 00:48 Danielle Shay Well, the market's still trying to digest what was said today, but overall, I think that the move was largely positive. We're sitting around the highs on the day today. And what's really interesting is that in the options market this week, we've had options traders coming in and buying puts. And so what we're seeing is we're seeing some short covering. And, you know, when you have a Fed announcement and the news isn't worse than was expected, often times you can get that short covering, especially when buyers come in. So I'm looking at, uh, placing a butterfly in the SPX with an upper price target around 5700 for the end of this week as the market digests this move and trades a little bit higher with that short covering. 01:49 Speaker B And Danielle, you also say for trade you like Bitcoin here to the upside. Walk us through the trade there. 02:01 Danielle Shay I like Bitcoin for a longer term trade. If you look at the weekly weekly chart of Bitcoin futures, what you're going to see is just an absolutely gorgeous trend. It's consolidating. It has pulled back in the context of that trend. And if you throw some Fibonacci levels on there, you're going to see a price target of about $120,000 a coin. So I think that that is a great long-term price target. I'm talking about probably mid summerish, um, as far as that goes. And what I like to do is I like to trade this in the options market. There is an ETF called IBT, uh, that you can trade in the options market that is significantly cheaper and it allows options traders to get in and trade this ticker to the upside. 03:13 Speaker A And so talk to me about the levels that you're looking at with, and I know that that when you're looking at it, you're not going to do the option on the Bitcoin futures. That goes on Ibit, which is the I guess the biggest ETF, right? That's, uh, that's cash Bitcoin for lack of a better word. Um, so what kind of strategy are you looking at there? 03:47 Danielle Shay Well, when you look at this ticker right now, it's trading right around 55. And so what I like to do is I like to identify the upper price target. Um, in this case, that's going to be around $65. And so what I like to do is I like to place an at the money butterfly. You can also use an at the money call debit spread, but essentially what you would do is you would buy the 55 strike, and then you would sell the 65 strike because that would be your price target. And then if you want to make a butterfly instead of just a call debit spread, you would buy another strike equidistant up above. And what that does is it just it really brings your cost basis down. So for this kind of trade, you can get in for around $2.75 a contract. So that makes it accessible for a lot of different options traders. And of course, if you have a larger account then, um, that's when you can increase your contract size. 05:02 Speaker A Danielle, I'm going to circle back around to the broader market to the S&P 500 specifically, where you were talking about that sort of potential upside here from there. But 5700 isn't that far above where we are right now. So I'm curious what you think that sort of longer term trend looks like, given some of the options activity that you've been seeing. 05:31 Danielle Shay Of course. So for me, it really just depends how far this short covering can take us, because what we really need is we need a catalyst to get us through this area of overhead resistance. The 5700, 5750 level is a critical zone of resistance. And what we need is to get up to that zone and then be able to break through it on high volume. So for me, as far as the longer term plan, it depends entirely on if that can happen or not, because as you know, we have sell in May go away. Um, that can be a seasonal factor that comes through. We also have, uh, major catalysts like Nvidia earnings coming through. However, I am bullish Nvidia, and I love the segment that you just did right before me. So I'm hoping this is going to be a bullish catalyst for the market. Uh, but ideally we can get some bullish catalyst, break through that area of resistance, and continue correcting, uh, to the upside and retracing this move that we've had due to all the tariff fears.
Time of India
04-05-2025
- Politics
- Time of India
AIADMK's so-called alliance has already failed: Nehru
Trichy: The DMK's north, central, and south Trichy district units held a joint working committee meeting at Kalaignar Arivalayam on Sunday to prepare for chief minister 's official visit to the city on May 8 and 9, during which he will inaugurate the Integrated Bus Terminus (IBT) in Panjapur. Tired of too many ads? go ad free now Chairing the meeting, minister K N Nehru dismissed opposition leader Edappadi K Palaniswami's claim about forming a strong alliance ahead of the 2026 assembly election , noting that the had already defeated the same alliance in the last assembly polls. "Welfare schemes launched by our chief minister have resonated especially with women. Public support is with the DMK. The groundwork for the 2026 election begins with the CM's visit to Trichy. Cadres must be prepared," Nehru said. He accused the previous government of neglecting Trichy's development and highlighted key projects initiated by the DMK government, including the Panjapur IBT, a Tidel Park, a new wholesale vegetable market, and multiple flyovers. He added that requests for funds for a government dental college, a Siddha hospital, and a new link road between the MGR statue near the district court and Allithurai would be submitted to the CM during his visit. "Trichy's growth will continue over the next five years," Nehru stated. The meeting passed four resolutions, including one thanking the chief minister and deputy chief minister Udhayanidhi Stalin for allocating funds for the IBT, and another commending the state government for securing the authority to appoint vice-chancellors through the Supreme Court. School education minister Anbil Mahesh Poyyamozhi urged party functionaries across all three district units to give the chief minister a rousing welcome.
