CONTRACTOR
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts: reports
The consortium will bring together the heft of some of Silicon Valley's most valuable companies and will leverage their products to provide a more efficient way of supplying the U.S. government with cutting-edge defence and weapons capabilities, the Financial Times reported.
Donald Trump picks billionaire Stephen Feinberg to be deputy defence secretary
Donald Trump named his defence team. He picked billionaire investor Stephen Feinberg for deputy secretary. Trump chose former Fox News host Pete Hegseth to lead the Pentagon. Hegseth faces misconduct allegations, which he denies. China hawk Elbridge Colby will likely be the undersecretary for policy. These nominations signal Trump's defense priorities.
NHAI directs road contractors to adhere to MBCB guidelines
In a statement issued Wednesday, the ministry of road transport and highways said the National Highways Authority of India (NHAI) has directed concessionaires or contractors to ensure that material supplied for the crash barrier should be of the same specification as given in the crash test report and it should be installed as per the methodology provided by the manufacturer. The move is aimed at increasing the accountability of contractors or concessionaires to deliver good quality projects and will go a long way to enhance safety of the national highway users across the country
DMRC faces Rs 15.54 crore shortfall in recovery due to poor quality of work by contractor: CAG
The CAG criticized the Delhi Metro for losing money. A contractor did poor work. The Delhi Metro paid for repairs and other costs. They tried to get their money back. They only recovered a small portion. The CAG says they should have used arbitration.
Meta contractor dismissed threats to moderators by Ethiopia rebels: court documents
Content moderators in Kenya, working for Facebook's parent company Meta, faced threats from Ethiopian rebels for removing their content. The moderators, who were later dismissed and blacklisted, allege their concerns were ignored by their contractor, Sama. They also claim Meta disregarded expert advice on tackling hate speech in Ethiopia, leading to harmful content remaining on the platform.
ONGC may hold auctions to pick green energy project developers
ONGC plans to auction 1.2 GW of greenfield renewable energy projects in two 600 MW rounds. The first auction, in two months, seeks developers for end-to-end project development. ONGC will secure power purchase agreements. The second auction will focus on land and grid connectivity, with ONGC handling EPC and PPAs separately.
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In a blow to Barack Obama, one of Trump's first acts could be to pardon Edward Snowden, former NSA contractor who leaked top-secret information about U.S. surveillance programs
Recent reports are claiming that the advisers of US President- elect Donald Trump are advising him to pardon Edward Snowden who is the former NSA contractor alongside WikiLeaks founder Julian Assange. This might be the very first act by Donald Trump after he claims office in the month of January.
Elon Musk-hater Senator Bernie Sanders now praises the Tesla CEO; here's why there's has been a change in heart
In a recent development it has been known that Senator Bernie Sanders, who was primarily a Elon Musk hater has eventually praised Elon Musk during latest times regarding his initiative of reducing defense spending.
Seven Wagner mercenaries killed in Mali attack claimed by al Qaeda affiliate
Seven members of the Russian Wagner mercenary group were killed in an attack in central Mali, claimed by an al-Qaeda affiliate. The attack highlights the dangers faced by Wagner forces supporting Mali's military junta in combating insurgencies. This incident follows previous heavy casualties suffered by Wagner in clashes with rebels, raising concerns about their role in exacerbating the region's instability.
Enviro Infra¡¯s order book and margins offer long-term odds
Enviro Infra Engineers plans to raise Rs 650 crore through an IPO. The funds will be used for project funding, debt repayment, and working capital. The company has a strong order book and in-house capabilities. While it has negative OCF, this is expected to improve with project execution. The government's focus on water infrastructure provides a positive outlook for the company.
Punjab man gifts contractor Rs 1 crore Rolex watch for building his dream home. What is so special about the house?
Gurdip Dev Bath, a businessman from Punjab, has gifted a Rolex watch valued at an impressive ?1 crore to Rajinder Singh Roopra, the contractor behind the construction of his lavish 9-acre estate in Zirakpur.
Give contract to fix Bengaluru roads to Elcita, not BBMP contractors, Kiran Mazumdar-Shaw tells Karnataka Govt
Kiran Mazumdar-Shaw, founder of Biocon, urged the Karnataka government to transfer the contract for Bengaluru's road maintenance to Electronic City Township Authority (Elcita). She highlighted the effective road management by Elcita, contrasting it with the current situation managed by BBMP. Shaw suggested that Elcita's advanced methods could greatly improve road conditions in high traffic areas.
Hindustan Zinc to pursue demerger, CEO says
Hindustan Zinc is negotiating with the Indian government to split the company into two units, though the government is opposed. Despite this, the company continues with its demerger plans. They also aim to double their output and are exploring investments in mineral blocks like copper, lithium, and gold.
Which sectors will be beneficiaries of National Electricity Plan? Care Rating¡¯s Sabyasachi Majumdar explains
The new National Electricity Plan is set to benefit transmission companies and equipment manufacturers. With a projected power demand growth, significant investments are expected in transmission and renewable energy sectors. The plan aims to address future power needs, including green hydrogen and electric vehicles, requiring substantial funding and capacity additions.
Kenya court rules Meta can be sued over layoffs by contractor
Last year the content moderators sued Meta and two local contractors, saying they lost their jobs with Sama, a Kenya-based firm contracted to moderate Facebook content, for organising a union.
US firm expected to replace crashed MQ-9B Predator drone for meeting Indian Navy ops needs
General Atomics is set to replace the MQ-9B Predator drone for the Indian Navy after a crash off Chennai. The drones, leased under a Contractor Owned Contractor Operated model, are used for surveillance in the Indian Ocean Region. A detailed report on the incident has been requested from the manufacturer.
Karnataka BJP MLA Munirathna sent to police custody in harassment, bribery case
Karnataka Home Minister G Parameshwara confirmed the arrest of BJP MLA N Munirathna, who faces charges including issuing death threats to a BBMP contractor. The arrest follows complaints of harassment, casteist slurs, and criminal intimidation. Munirathna denies the allegations, calling them a conspiracy. The state BJP has issued a show cause notice demanding his clarification within five days.
Government to inspect 100% quality tests by contractors under EPC mode of highway construction
Ministry of road transport and highways on Thursday notified amendments to the model engineering, procurement and construction (EPC) agreement and request for proposal (RFP) for consultancy services for authority¡¯s engineer for supervision of EPC projects, mandating engineers to undertake 100% inspection on all new road and bridge projects awarded as against the mandate of inspecting only 50% and 60% projects respectively.
Shivaji statue collapse: Sculptor-contractor, consultant sent to police custody till Sep 10
A 35-foot statue of the iconic Maratha warrior king collapsed at the Rajkot fort in Malvan tehsil of the district on August 26, nearly nine months after Prime Minister Narendra Modi unveiled it.
Shivaji statue collapse: Absconding contractor-sculptor arrested
??The collapse of the statue of the iconic founder of the Maratha state has triggered a huge political row ahead of assembly elections in Maharashtra with the Opposition targeting the Eknath Shinde-led government.
Chhatrapati Shivaji Maharaj statue incident: FIR filed against contractor, structural consultant in Sindhudurg
Local police have registered an FIR against contractor Jaydeep Apte and structural consultant Chetan Patil after the 35-foot Chhatrapati Shivaji Maharaj statue collapsed in Sindhudurg on Monday. The FIR includes charges under sections 109, 110, 125, 318, and 3(5) of the Bharatiya Nyaya Sanhita (BNS).
Developers struggle to find quality contractors amid housing boom
Real estate developers are struggling to find the right contractors for construction, resulting in delays and quality concerns as the number of new housing units has doubled post-Covid. Some developers are enhancing in-house capabilities, engaging global contractors, and utilizing construction tech companies to mitigate challenges. Industry experts emphasize the need for skilled local labor and effective regulatory frameworks to improve construction quality and speed.
In equity's Indian summer, IPOs and investors make hay in 2024
The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.
Four FIRs filed after assaults on non-local workers: Meghalaya CM Sangma
Following recent assaults and document checks on non-local labourers in Meghalaya, Chief Minister Conrad Sangma announced that four cases have been registered by the police. Sangma clarified that while there is no work permit system, there is mandatory registration with the Labour Department for migrant workers, which contractors must ensure. He emphasized that unauthorized individuals or organizations checking papers are violating the law. The state government is pursuing the implementation of the Inner Line Permit (ILP) and is awaiting central approval. The Meghalaya Human Rights Commission is investigating the July 9 assault on labourers at JN Stadium.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Certification to be must for road expansion joints
Road transport and highways ministry will soon mandate road contractors to certify all expansion joints on bridges and roads. This new requirement aims to prevent mishaps from the premature failure or deterioration of joints, which could lead to accidents.
Road contractors relieved from developing wayside amenities
The step is aimed at attracting global expertise for creating wayside amenities (WSAs) in the country with a stronger focus on design and product innovations to boost return on investment while scaling up the experience of highway users.
Highway builders want infra loans provision pared to 2%
"By increasing the provisioning from 0.4% to 5%, project viability will be the biggest impediment as interest cost will increase which is turn will increase the cost of the project both for the investor as well as the government," the National Highways Builders Federation (NHBF) said in its submission to the National Highways Authority of India, the finance ministry and the Reserve Bank of India.
Myth Debunking 101: ¡®Gig work is unstable and insecure¡¯
India's gig economy has evolved with stability in gig work being a key concern. Strategic planning can provide stability despite the lack of traditional benefits. Platforms offer benefits and security, debunking the myth of instability.
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