Red Sea crisis hit India’s trade : Container Shipping line MSC and CMA CGM suspend key routes
CAPETOWN : Mediterranean Shipping Company S.A, the world’s largest container shipping line, has suspended two services from India, one destined for the U.S. and the other for the Mediterranean. Concurrently, French carrier CMA CGM
Mahindra Logistics to invest Rs 170 crore on warehousing facility near Pune
MUMBAI : Mahindra Logistics Limited (MLL) on Tuesday announced the construction of its warehousing facility in Phaltan, near Pune with an investment of Rs 170 crore. Spread over 6.5 lakh square feet (sq ft),
India increases import duty on gold and silver findings, coins of precious metals to 15%
NEW DELHI : The Finance Ministry has increased import duties on gold and silver findings, as well as coins of precious metals, to 15%. This comprises a Basic Customs Duty (BCD) of 10% and
Budget 2024 : Customs duty inversions on key items may be corrected in ‘Make in India’ push
NEW DELHI : India’s ‘Make in India‘ push may continue in the upcoming interim Budget as the central government is likely to majorly address the issue of inversions in custom duties imposed on various
GTMaritime adds Greek office and sales management experience to meet growing demand for services
WARRINGTON : Leading provider of secure maritime data communications software, GTMaritime, has responded to growing demand for its products and services by opening an office in Greece and appointing two new executives to its
Wallem Westminster partners with Adopt a Ship programme
MANILA : Wallem Westminster, Manila, is proud to partner with the IMO endorsed ‘Adopt a Ship’ programme (AaS). Working together with San Antonio Elementary School (SAES), Wallem Westminster’s senior officers embarked on a 10-week
Switzerland and India reach FTA deal
DAVOS : Switzerland and India have reached consensus on a Free-Trade Agreement after 16 years of negotiations, Swiss Economy Minister Guy Parmelin said. Parmelin traveled to India directly after the World Economic Forum 2024 in Davos,
Adani Ports seeks approval to build two new berths at Kattupalli Port
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ) has decided to pursue the original master plan for expanding Kattupalli port near Chennai by seeking permission to construct two more berths with an investment of