India funded Sittwe Port in Myanmar set to open on 9 May
KOLKATA : The Sittwe Port in Myanmar funded by India under the $500 million Kaladan Multimodal Transit Transport Project will start operations in May with the inaugural run
ICICI Bank offers a network of Rupee Vostro Accounts, expedites settlement of trade in rupee
NEW DELHI : ICICI Bank on Friday announced that it offers Rupee Vostro Account to enable Indian exporters and importers to pay and settle export-import transactions in Indian Rupees (INR). The
India pushes for trade in rupees to boost exports amid global trade slowdown
NEW DELHI : India and Bangladesh have agreed in principle to use local currency for trade in a boost for India’s efforts to internationalise the rupee, reduce dollar
Maruti Suzuki plans to set up plant in Gujarat
AHMEDABAD : Maruti Suzuki has plans to set up a car production factory in Gujarat. The company has plans to extend its capacity to 10 lakh cars per
13 Bidders for the ambitious 20 kms long Chennai Port-Maduravoyal Elevated Expressway
CHENNAI : The ₹5,885-crore Chennai Port to Maduravoyal elevated expressway project has attracted 13 bidders, including Afcons, Tata Projects and Kalpataru Power Transmission. The project is being taken
SC Railways opens new cargo terminal at Krishnapatnam
NELLORE : Vijayawada division, South Central Railways, commissioned Bharat Petroleum Corporation Limited’s (BPCL) Gati Shakti rail multi-modal cargo terminal (GCT) at Krishnapatnam in Nellore . The new terminal
CMA CGM announces Overweight Surcharge update from Asia and India East Coast to Nigeria
MARSEILLE : CMA CGM announced an updated Overweight Surcharge (OWS) from Asia and India East Coast to Nigeria effective 28 April. The French ocean carrier will implement a
Container freight rate slide on larger Indian trades slows amid contract negotiations
MUMBAI : The slide in container freight rates on some of the trades routes out of India seems to have slowed, according to the latest market analysis. On
TimesPro & NITIE sign MoU to launch programme in Digital Supply Chain Management
NEW DELHI : TimesPro and the National Institute of Industrial Engineering (NITIE) have announced a strategic collaboration to launch the Post Graduate Executive Programme in Digital Supply Chain
India to import 140 tonnes of gold from UAE at lower duty
NEW DELHI : The government has opened a fresh window to import 140 tonnes of gold from the United Arab Emirates at a concessional rate agreed under the