Essar to invest Rs 55,000 crore across Port, Power and Energy transition in Gujarat
GANDHINAGAR : Essar Group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition ahead of the Vibrant Gujarat Global Summit 2024 and create more
Centre cuts logistics costs to below 9% of GDP with higher state spending
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government
Adani Group to make additional investment of Rs 8,700 Crore in Bihar
PATNA : The Adani Group on Thursday said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. The group is already
MSC targets oversized Indian freight to use up excess vessel capacity
GENEVA : Container lines — awash with excess capacity amid muted demand conditions — are attempting new strategies to lift headhaul loads. Signalling that trend, Mediterranean Shipping Co. (MSC) recently moved 30 transformers from
Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat
NEW DELHI : The Indian manufacturing sector is experiencing a surge in investments, marking a significant milestone in the nation’s economic landscape. According to a report by Colliers, this has poised India’s manufacturing market
Mahindra set to drive in its first electric truck in 2025
MUMBAI : Leading domestic automaker Mahindra & Mahindra is developing its inaugural range of electric light commercial vehicles (LCVs) to position itself in a fiercely competitive segment that is transitioning from conventional fuels to
Lars Sorensen appointed as Senior Managing Director, Region Middle East of Hapag-Lloyd
HAMBURG : From January 1, 2024, Mr. Lars Sorensen will become Senior Managing Director Region Middle East based in Dubai, AE, Hapag-Lloyd. He will be succeeding Mr. Dheeraj Bhatia, who will become a new
Chattogram Port in focus as Russian shipping giant expands in Asia
CHATTOGRAM : The Far-Eastern Shipping Company (Fesco) has introduced a container service in Bangladesh as a part of its push to facilitate direct shipping from the Indian subcontinent to Russia. Russian news agency Interfax