DPA to recast Tuna multipurpose berth as bidders stay away
GANDHIDHAM : Deendayal Port Authority, the state-owned entity that runs the port located at Kandla in Gujarat, will likely scrap a tender – the second in the last 15 months – to build a
JSW Infrastructure receives letter of award to develop Keni Port in Karnataka for Rs 4,119 cr
BENGALURU : JSW Infrastructure on Thursday announced that it has emerged as the winning bidder for development of a commercial port at Keni in Karnataka on public private partnership basis. The Karnataka Maritime Board, Government of Karnataka has issued the Letter
Cross-border payments for MSMEs: Will it empower India’s exports?
NEW DELHI : Facilitating seamless cross-border payments for MSMEs is a pivotal factor in propelling them towards achieving 60% of the formidable $2 trillion export target by 2030. In the pursuit of Prime Minister Shri
Govt considering several measures to help revive Special Economic Zones
NEW DELHI : The government is considering several measures such as a flexible framework for sale of products manufactured in special economic zones (SEZs) in the domestic market, easy de-notification norms, and streamlining approval
Centre cuts windfall tax on domestic crude sales, diesel exports
NEW DELHI : The union finance ministry on Thursday lowered the windfall tax on the sale of domestic crude oil to ₹6,300 a tonne, according to an official notification. For the past two weeks the
New tax refund scheme for exports faces US, EU action
NEW DELHI : At least two Indian products are facing anti-subsidy action in the form of countervailing duty (CVD) in the US and EU due to their use of Remission of Duties or Taxes
FedEx delivered over $80 Billion in direct impact to the Global Economy in FY 2023: Annual Economic Impact Report
MUMBAI : FedEx Corp. released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023). Produced in consultation with Dun & Bradstreet, a
CMA CGM, World’s no. 3 container carrier warns against price war
MARSEILLE : CMA CGM, the World’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels threatens to push global shipping to a protracted slump. “New
Solar-powered cruise ships to operate on Saryu River in Ayodhya
AYODHYA : Vikas Malviya, the Director of Varanasi-based Alaknanda Cruise, said that his company will offer the service. Equipped with state-of-the-art facilities, the ‘Ramayana’ vessels will aim to spread the knowledge of Lord Ram’s childhood, his
Mawani, CMA CGM Group launch $129 million logistics park at Jeddah Islamic Port
RIYADH : The Saudi Ports Authority ‘Mawani’ and CMA CGM on Wednesday launched a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square metres and an investment value nearing