NEW DELHI : The Finance Ministry may peg nominal gross domestic product (GDP) growth at around 11 percent for the next financial year, about 50 basis points higher than the estimate for 2023-24, a
NEW DELHI : India’s Merchandise Exports were up 6.2 per cent YoY in October 2023 and 2.4 per cent on YoY basis in Aug-Oct’23 period, recovering slightly ahead of the rest of Asia’s exports,
NEW DELHI : Buoyed by the Production Linked Incentive (PLI) Scheme and free trade agreements with the UAE and Australia, the industry expects India’s exports of manmade fibre (MMF) textiles to increase 75% to $11.4 billion in 2030 from around
NEW DELHI : India is unlikely to meet its seafood export target worth $9.25 billion for FY24. Though there has been a slight improvement in exports in the last couple of months, the overall
COPENHAGEN : Two container vessels operated by AP Moller-Maersk have been diverted from their scheduled routes, the company has said. The deteriorating security situation in the Middle East Gulf and Red Sea region is beginning to
LONDON : Cargo vessels are being warned to be extra vigilant sailing near Yemen and Somalia after a spate of attacks on merchant shipping in the vicinity of Israel’s war in Gaza. On Wednesday the UK
SYDNEY : International logistics giant DP World has confirmed that data was stolen during a cyber attack that disrupted its operations in Australia earlier this month. However, the company says no ransomware payloads or
NEW DELHI : Bullish on the growth prospects in India, IAG Cargo is open for partnerships with Indian carriers and logistics players as and when an opportunity comes up, a top official said on
NEW YORK : On November 28, 2023, the world’s first 100% Sustainable Aviation Fuel (SAF) transatlantic flight by a commercial airline successfully landed at New York JFK after its departure from London Heathrow. Kuehne+Nagel,
ABU DHABI : The BRICS economic alliance has seemingly prioritized its de-dollarization efforts, leading the United Arab Emirates (UAE) to seemingly prioritize local currency over the US dollar in new oil deals. Indeed, the country is
