Skip to main content

Jewar airport builder to pay Rs 10 lakh per day for delay

A penalty of Rs 10 lakh a day will be imposed on the concessionaire building Noida international airport if it exceeds the deadline of September 29, 2024. A day after the airport project was launched by the PM, officials said when the concessionaire, Zurich AG, and the UP government had signed the final agreement, it had been decided the company would be liable to pay 0.1% of the bank guarantee it had deposited every day as liquidated damages if the project breached the deadline.

A penalty of Rs 10 lakh a day will be imposed on the concessionaire building Noida international airport if it exceeds the deadline of September 29, 2024. A day after the airport project was launched by the PM, officials said when the concessionaire, Zurich AG, and the UP government had signed the final agreement, it had been decided the company would be liable to pay 0.1% of the bank guarantee it had deposited every day as liquidated damages if the project breached the deadline. from Times of India https://ift.tt/3p0xS1n
Labels:

Comments

Post a Comment

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7
Post a Comment
Read more

Richardson vs Jackson: 100m heat thriller at World Championships

Sha'Carri Richardson edged out Shericka Jackson in a thrilling 100m heat at the World Athletics Championships in Tokyo, clocking 11.03 seconds. Jackson finished a close second at 11.04 seconds. Australia's Torrie Lewis secured third place with 11.08 seconds, setting a new national record. This victory fuels Richardson's confidence as she prepares for the semi-finals, continuing her rivalry with Jackson. Sha'Carri Richardson edged out Shericka Jackson in a thrilling 100m heat at the World Athletics Championships in Tokyo, clocking 11.03 seconds. Jackson finished a close second at 11.04 seconds. Australia's Torrie Lewis secured third place with 11.08 seconds, setting a new national record. This victory fuels Richardson's confidence as she prepares for the semi-finals, continuing her rivalry with Jackson. from Times of India https://ift.tt/LgTNebu
Post a Comment
Read more

'Google is training a model that could run on Apple’s servers', as iPhone maker explores ...

Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. Apple is reportedly in talks with Google to license its Gemini AI model for a future version of Siri, signaling a potential shift in Apple's AI strategy. The company is also evaluating its own AI models and external technologies, including those from Anthropic and OpenAI, as part of a revamped Siri project. from Times of India https://ift.tt/UGRQpaF
Post a Comment
Read more