JSW Infra setting in motion to acquire Navkar Corp
MUMBAI : JSW Infrastructure Ltd., part of the JSW Group is leading the race to acquire logistics service provider Navkar Corp Ltd. JSW Infra is said to be conducting due diligence of Navkar Corp’s
Yes Bank becomes first Indian bank to conduct export finance transaction on RXIL’s ITFS platform
MUMBAI : Yes Bank on Wednesday became the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the
Indian Exporters’ suggest to have their own shipping line to avoid hurting the World Trade due to jumping freight rates
NEW DELHI : Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters while suggesting the government should start
India says situation in Red Sea ‘matter of concern’, closely monitoring : EAM
NEW DELHI : India on Thursday dubbed the security situation in the Red Sea as a “matter of concern”, adding that it is closely watching the developments in the critical sea lanes in the
Indian Navy’s destroyer responds to distress call from drone-hit merchant vessel in Gulf of Eden
NEW DELHI : Even as the U.S.-led coalition continued strikes on Houthi military targets in Yemen, meant to “degrade” their capabilities, the drone attacks on commercial shipping in the Red Sea and the Gulf
Cranes to be installed at Vizhinjam Port by April
THIRUVANANTHPURAM : As part of the efforts to begin trial operations for the Phase I of Vizhinjam International Seaport by April this year, the port authorities started the process of installing cranes to load, offload containers and to shift them to the
Aerial Logistics Drone startup BonV Aero raises INR 6 Crore Round led by Inflection Point Ventures
BHUBANESHWAR : Aerial logistics drone startup BonV Aero has raised INR 6 Crore in a round led by Inflection Point Ventures (IPV). Funds will be primarily directed towards client demonstrations, team expansion and internal
Global recession is unlikely; India moving towards 4% inflation : RBI Governor Shaktikanta Das at WEF 2024
DAVOS : The global recession is unlikely to happen as the inherent resilience of individual economies has withstood the pressures much better, said RBI Governor Shaktikanta Das on Thursday. He said after COVID-19, the
Maersk CEO sees Red Sea Shipping disruption lasting ‘at least a few months’
DAVOS : Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably last at least a few months. Maersk and other large shipping lines have instructed hundreds
Shippers welcome the Gemini Alliance
FLORIDA : The new Gemini Cooperation Alliance of Maersk and Hapag-Lloyd is seen as positive news by shippers and analysts as the two lines set out their ambitions around schedule reliability and green credentials.