Great Eastern Shipping net profit up 282 % at Rs721.94 cr for Jan-Mar quarter
MUMBAI : The Great Eastern Shipping Co Ltd, India’s biggest private ocean carrier by fleet size and revenues, said its January-March 2023 net profit soared 282 percent to Rs 721.94 crore from Rs 188.97
JSW Infrastructure to invest Rs 152 Cr to increase container capacity at NMPT
MUMBAI : JSW Infrastructure will invest Rs 152 crore for the expansion of its container capacity at New Mangalore Port Trust, according to sources. In June 2022, the company commissioned its first container terminal
Cisco to set up India manufacturing unit; eyes $1bn from production, exports
NEW DELHI : Cisco, the US-based tech conglomerate, on Wednesday said it will set up a manufacturing plant in India, work on which is expected to be completed within the next 12 months. Chuck
Netherlands emerges as India’s 3rd largest export destination
NEW DELHI : The Netherlands has emerged as India’s third largest exports destination after the US and UAE during 2022-23, showed commerce ministry’s data on Sunday. This can be attributed to a surge in shipment of goods
The new foreign trade policy is a watershed moment for MSMEs
NEW DELHI : The newly launched Foreign Trade Policy (FTP) by the Directorate General of Foreign Trade (DGFT) is the most significant one yet. While multiple factors such as the pandemic and geopolitical tensions
NCB & Indian Navy catches narcotics carrying ‘mothership’ in Indian Ocean, seizes 2,500 kg methamphetamine worth Rs 12,000 Crores
NEW DELHI : In one of the “largest seizures of narcotics” till date, the Narcotics Control Bureau (NCB) Friday impounded around 2,500 kg of high-purity methamphetamine worth about Rs 12,000 crore by intercepting a
Baltic index logs worst day in three weeks on lower vessel rates
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell the most in three weeks on last Thursday, pressured by lower rates across all vessel
CBIC clarifies several queries related to Electronic Cash Ledger raised by EXIM trade / customs brokers
NEW DELHI : In a series of tweets, the Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance clarified several queries pertaining to Electronic Cash Ledger, raised by the EXIM