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According to senior road, transport and highways ministry officials, 6-7 MMLPs will be bid out next fiscal with each entailing private investment upwards of 700-1,000 crore. "Roughly 200 km of critical infrastructure gap projects for port connectivity via road are going to be executed in the fiscal 2023-24," a senior government official told ET, adding that these are being implemented under the larger vision of lowering India's logistic costs.
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"CS had a cultural problem that translated into a lack of accountability," Finma President Marlene Amstad told the Sunday newspaper. "Often it was not clear who was responsible for what. This favored a negligent handling of risks." Whether to start fresh proceedings remains an "open question," she said, adding, "we're not a law enforcement agency, but we're exploring options."
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Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financial services company since both bidders, Hinduja Group and Torrent Investments, are reluctant to improve their offers, bankers dealing with the matter said.
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A key priority for PVR-Inox is improving margins through better capital and operating expenses, says MD Ajay Bijli. In an interview with Vinod Mahanta and Javed Farooqui, Bijli talks about the contours of the deal to merge the two firms that has created the world's fifth-largest multiplex chain, and the way ahead. Edited excerpts:
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"Russia once again confirms its chronic inability to be a responsible steward of nuclear weapons as a means of deterrence and prevention of war, not as a tool of threats and intimidation," it said in a statement.
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News and Media
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