India signs pact with ADB for $400-million loan to support urban reforms
NEW DELHI : The central government recently signed a USD 400 million policy-based loan with the Manila-based Asian Development Bank (ADB) to support its urban reform agenda to create high-quality urban infrastructure, improve service
IIT Madras develops mobile app for inter-city goods logistics
CHENNAI : The Indian Institute of Technology Madras (IIT Madras) faculty, students and the alumni have developed a mobile application to enable easier and efficient transportation of goods within cities. The app is called
Hanjin signs MOU with AWOT Global Corp for logistics partnership
SEOUL : Hanjin Logistics Corp., an affiliate of airline-to-logistics conglomerate Hanjin Group, said it has signed an initial pact with a Chinese company for a business partnership in the Chinese logistics market. Hanjin Logistics
Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which is the best segment to own?
Adani Group eyeing opportunities in neighbouring countries after Sri Lanka port, says Karan Adani
COLOMBO : Days after announcing a significant $553 million investment from the United States government for its West Container Terminal in Colombo, Sri Lanka, Mr. Karan Adani, CEO of Adani Group told reporters that Adani Ports is eyeing
GAIL does world’s first ship-to-ship LNG transfer; cuts CO2 emissions
NEW DELHI : India’s top gas firm GAIL has done the world’s first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks at innovative ways as a pivot
FICCI survey indicates accelerated Indian economic growth in Q2 driven by higher demand
NEW DELHI : The latest quarterly survey from FICCI reveals a strong growth momentum in India’s manufacturing sector during the second quarter of the fiscal year 2023-24. Despite a slowdown in developed nations, the
ONGC to start oil production from $5 billion deep-water project this month
NEW DELHI : Oil and Natural Gas Corporation (ONGC) will kick off oil production from its much-delayed flagship deepsea project in Krishna Godavari basin in Bay of Bengal this month, helping reverse years of
