Sumadhura Infracon to build warehouses on 100-acre land
BENGALURU : Sumadhura Infracon, a Bangalore-based builder, has plans to develop warehouses and industrial projects in phases on a 100-acre area on the outskirts of the city. This
Elgi Sauer Compressors starts expanding operations in Coimbatore
KALLAPALAYAM : Elgi Sauer Compressors, a joint venture between Elgi Equipments and German-based Sauer Compressors Group started in 2008, has expanded its operations in Coimbatore by opening a
India and EFTA take further steps towards a new Trade and Partnership Agreement (TEPA)
BRUSSELS : Following is the text of Press Communique issued at the conclusion of talks between Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs &
India’s overall exports in April 2023 estimated at USD 65.02 billion; a positive growth of 2 perce
NEW DELHI : India’s overall exports (Merchandise and Services combined) in April 2023* is estimated to be USD 65.02 Billion, exhibiting a positive growth of 2.00 per cent
India trade deficit in April falls to lowest in 21 months
NEW DELHI : India’s merchandise and services trade deficit fell to a 21 month low in April partly due to lower oil imports, a senior government official said on Monday. The merchandise and services deficit
Rahul Pillai & Transworld International floats new venture disrupting Indian Relocation Market
BANGALORE : Rahul Pillai, the former CEO of Interem Relocations for India and Middle East, which is a subsidiary of the 200 million-dollar Freight Systems Group, has unveiled
30 countries now ready to accept BRICS currency
SHANGHAI : A growing number of countries are showing interest to join the BRICS Alliance and accept the new currency. BRICS could soon become BRICS+ as the South
DP World inks agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport
DUBAI : Dubai’s state-owned DP World signed agreements with China’s Ningbo-Zhoushan Port and Zhejiang Seaport on Friday, to cooperate on automobile industry chain services and logistics. Ningbo-Zhoushan said it will
A.P. Moller – Maersk expands its warehousing footprint to over half a million sq. ft. in Banglad
DHAKA : A.P. Moller – Maersk (Maersk) on Monday announced the expansion of its warehousing footprint in Chattogram. Commissioned in cooperation with ISATL, Maersk has embarked on the second phase
HMM Q1 profits plunge 91%
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn