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Generative AI has already started to save companies millions, upending workflows, changing hiring plans and shifting investment criteria. And the enthusiasm shows little sign of abating, despite the caution signs
The ministry of road transport and highways plans to shift from engineering, procurement and construction (EPF) model to build-operate-transfer (BOT) model and the hybrid annuity model (HAM) for government projects as the maintenance responsibility lies with the contractor in BOT mode. However, this will be applicable for projects above Rs 500 crore while the EPC mode will continue for construction of small patches.
In a strategic move aimed at fostering the growth of the mining sector and bolstering foreign exchange reserves, the Bank of Tanzania (BoT) has embarked on a significant gold-buying initiative.
AI has been one of the biggest stories of the year so far. At a time when the earnings narrative had cast doubt on tech investing, AI’s potential lifted the market.
Ashoka Concessions, a subsidiary of Ashoka Buildcon, is in talks with global funds including Canada's CDPQ, Macquarie, Cube Highways, and India's NIIF to sell its build-operate-transfer toll road assets. The negotiations come after a proposed transaction with KKR was terminated in May.