Logistics funding drops 90% in two years : McKinsey
After reaching an unprecedented $25.6 billion in 2021, venture funding for logistics start-ups fell to just $2.9 billion in 2023 — a two-year plunge of nearly 90 percent,
Indian textile exports rise on demand from CIS and South Asian markets
NEW DELHI : Indian textile exports have increased 4.15% in the first quarter of the current fiscal year, driven by rising demand from Commonwealth of Independent States (CIS)
German lens maker Carl Zeiss invests ₹2,500 crore in new lens manufacturing facility in India
BENGALURU : Carl Zeiss India, the Indian arm of German optics, opto-electronics, lenses and medical technology brand Carl Zeiss, said it would start production of lenses in India from
Worldwide Shipping companies focussing their attention to Kerala’s Vizhinjam Port
THIRUVANANTHAPURAM : The maritime world is abuzz with the recent developments at Vizhinjam Port, where some of the globe’s leading shipping companies are gearing up for operations. This
Angel tax abolition to further ease funding winter for Indian startups
NEW DELHI : The abolition of angel tax will further ease the funding winter for the Indian startup ecosystem as the tax burden will go away for foreign
India committed to FTA with the U.K. : PM Modi
NEW DELHI : India is committed to concluding a Free Trade Agreement with the United Kingdom, said Prime Minister Shri Narendra Modi on Wednesday, after meeting the visiting Secretary of State
India creates legroom to sign UK, EU FTAs with Customs Act amendments
NEW DELHI : To create legroom for signing free trade agreements (FTAs) with developed nations such as the UK and European Union, the Union Budget 2024 has introduced
Containerization & Intermodal Institute elects PMSA’s Michele Grubbs to Board of Directors
MIDDLETOWN : Ms. Michele Grubbs, Vice President at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute
Bhutan King and PM visit Adani’s Khavda energy project site & Mundra Port
AHMEDABAD : His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan and Hon. PM Bhutan Dasho Tshering Tobgay visited Adani Group’s flagship infrastructure 30 GW Renewable Energy site
Shipping gets even dirtier as Houthi attacks fuel longer voyages
LONDON : Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the