Chittagong Port urges cargo recovery to ease operation
CHATTOGRAM : Chittagong Port Authority (CPA) continues to struggle with operational disruptions caused by significant influx of containers and cargo, it has issued an urgent appeal to businesses to promptly collect their imports, even
India says high crude prices a concern, oil refiners aiming to curb retail impact
NEW DELHI : India is concerned about elevated crude prices, but oil marketing companies will take appropriate measures to cushion the impact for retail consumers if the trend persists for long, government and refinery
Iranian ports unloaded over 21MT of basic goods in a year
TEHRAN : The Iranian Ports and Maritime Organization (PMO) said 21,517,788 tons of basic commodities were unloaded at the ports of the country during the 12 months of the previous Iranian calendar year (March
RBI restates 7% GDP growth forecast for FY25 contrary to market expectations of a raise
NEW DELHI : The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept its growth projection for India’s Gross Domestic Product (GDP) unchanged at 7% for the 2024-25 fiscal year, Governor Shaktikanta
India allowing exports of essential goods to Maldives despite strained ties
NEW DELHI : India has allowed limited exports of essential commodities, including sugar, wheat, rice, and onions, to the Maldives, the government said on Friday, even as ties between Male and New Delhi remained
PM Modi sets ambitious India economic goals for probable third term
NEW DELHI : Indian Prime Minister Shri Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government
DP World achieves 66% increase in freight moving from Road to Rail at its Southampton Hub
LONDON : DP World has achieved a significant increase in the share of freight being transported by rail from its Southampton logistics hub. The Modal Shift Programme trial, introduced last September, is designed to
China, India boost seaborne thermal coal imports as power demand surges
TORONTO : China and India lifted imports of seaborne thermal coal to three-month highs in March as the world’s two biggest buyers took advantage of lower international prices of the fuel to meet strong