US trade deficit widens in February on strong imports
WASHINGTON : The U.S. trade deficit widened for a second straight month in February as an increase in exports to a record high was offset by surging imports, suggesting trade could be a drag
Joint R&D agreement signed to expand anti-roll tank application to large container ships
TOKYO : ClassNK has signed a joint R&D agreement with Nihon Shipyard Co., Ltd. and IMC Co., Ltd. (IMC) to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large container
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
SMP, Kolkata registered all time high record cargo handling in 2023-24 since 1870
KOLKATA : In its 154-year history, Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata), including Kolkata Dock System (KDS) and Haldia Dock Complex (HDC), achieved a milestone in the fiscal year 2023-24 by handling 66.4
Over 90% DFCs are operational, 138 km to be added by April-end
NEW DELHI : Indian Railways have disclosed that more than 90 percent of the expansive 2,843 km Dedicated Freight Corridor (DFC) is now operational. This significant milestone includes complete coverage of the eastern segment
India’s Merchandise Exports may reduce despite expecting double-digit growth in March
NEW DELHI : Merchandise exports from India for the financial year 2023-24 (FY24) may show a contraction of around 1-1.5 per cent after two consecutive years of growth, even as March is likely to
India has set a target of $12 billion Marine exports in the next 2 years
NEW DELHI : The Government of India aims to increase its marine product exports to $12 billion in the next two years by increasing its processing capacity and shifting to higher-value-added products. In 2022-23,
Commerce Ministry shifts focus to push fresh fruits and vegetables to US and EU
NEW DELHI : With an export ban in place on rice and wheat, the Union Commerce Ministry has shifted its focus to exports of agricultural products including fresh fruit and vegetables to new destinations,