Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The company is also spending $100 million
Gujarat signs deal worth ₹7.17 trillion with 58 companies ahead of Vibrant Gujarat Global Summit
GANDHINAGAR : Gujarat state on Wednesday signed initial investment agreements worth Rs. 7.17 trillion ($86.07 billion) with 58 companies operating in sectors such as energy, oil and gas, and chemicals, its government said. The home
Indian exporters brace for more price hikes as normalcy evades Red Sea
MUMBAI : Indian exporters may continue to witness a rise in shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route
From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says GTRI report
NEW DELHI : India’s rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries such as Oman, Peru, Europe, and
Inchcape Shipping Services acquires major stake in Leth Suez Transit
LONDON : UK-based shipping servicer Inchcape Shipping Services has announced an investment for a majority stake in Leth Suez Transit (LETH) to strengthen operations. Through the acquisition, LETH aims to use Inchape’s global network
PLI scheme for automobile, auto components extended by 1 year, total outlay raised to Rs 25,938 crore
NEW DELHI : The Performance-Linked Incentive (PLI) Scheme for automobile and auto components industries has been extended by one year, the Union Ministry of Heavy Industries said on January 1. The total outlay of
Vibrant Gujarat Summit : State’s investment drive poised to boost employment opportunities
GANDHINAGAR : Gujarat’s commitment to progress is evident not only in its thriving economy but also in employment statistics, with the state having the labour force participation rate of 44.3 per cent and worker
FIEO appoints Israr Ahmed as New President
NEW DELHI : Mr. Israr Ahmed has taken over as the Officiating President of Federation of Indian Export Organisations (FIEO) after Dr A Sakthivel successfully completed his tenure as the chief. Mr. Israr Ahmed