India’s first rupee payment for UAE oil set to spur two-way trade boom
NEW DELHI : India, the UAE’s second-largest trading partner, has made its first-ever payment in Rupees for crude oil purchased from the Emirates, signalling what could be a
MPA sets new Asian record of handling highest cargo in a day
GOA : Mormugao Port Authority (MPA) on Wednesday created a new Asian record of handling highest quantity of cargo per day and surpassed its previous record. MPA Dy
India’s logistics cost is not 13-14 percent of GDP : NCAER
NEW DELHI : At no point in time, in recent memory, India’s logistics cost is a steep 13-14 percent of the gross domestic product or GDP as top
CONCOR started container transportation for Nepal
NEW DELHI : Container Corporation of India Ltd. (CONCOR) started its maiden container train movement on 24.12.2023 to Indian Customs Yard (ICY) at Jogbani from TSIM siding of
MSC container ship ‘MSC United VIII’ attacked in Red Sea by Houthis
GENEVA : The world largest Shipping Line Mediterranean Shipping Company (MSC) has confirmed that one of its container ships was attacked on Tuesday while transiting the southern Red
Container freight rates surge along India-Europe maritime route amid Red Sea risks
MUMBAI : Container freight rates along major trade routes between India and Europe have surged following the emergence of security risks to shipping companies. Sources said that the
SBI-led consortium to finance Auro Infra’s ₹3,000-crore Gateway Port in Kakinada SEZ
KAKINADA : A consortium of banks led by the State Bank of India is set to provide a loan of ₹3,000 crore to the Kakinada Gateway Port Private Limited
GIFT City property prices to see revision in January
GANDHINAGAR : The state government’s wine and dine policy for GIFT City has resulted in increased inquiries for commercial and residential properties over the past four days. Developers say that
Year-End- Review of Ministry of Textiles– 2023
NEW DELHI : From launching PM MITRA Parks to investment under PLI Scheme, it was an eventful year for Ministry of Textiles. Some of the key initiatives and
Mawani and MEDLOG to lay the foundation stone of an integrated Logistics Park at King Abdulaziz Port
DAMMAM : Under the patronage and presence of HE Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority, Mawani