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January 25, 2024

CONCOR Q3 results: Net profit up 9.5% YoY at Rs 333.67 cr; revenue at Rs 2,210.57 cr

Logistics, Company, ICD, Railway, Trade, Trending News
NEW DELHI : The consolidated net profit of Container Corporation of India (CONCOR) jumped 9.5 percent on-year to Rs 333.67 crore in the third quarter of the fiscal year 2023-24 (Q3FY24), according to the financial results declared by
January 25, 2024

Xeneta forecasts freight rates to rise further in February amid Red Sea Crisis

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
OSLO : Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data released by Xeneta, a leading ocean and air
January 25, 2024

THE Alliance announces service network adjustments for 2024

Export - Import, International Shipping, Logistics, Shipping Line, Trade, Trending News
HAMBURG : The setup of THE Alliance’s network has been reconfigured to ensure a comprehensive port coverage. The enhanced service setup will be effective from April 2024. One of key highlights in 2024 will
January 25, 2024

Indian Economy starts strong 2024 : HSBC’s flash survey

Trade, Economy, Trending News
NEW DELHI : India grew rapidly in January, with services activity climbing to a six-month high and manufacturing picking up pace, a new flash survey by HSBC Holdings showed. The purchasing managers index for
January 25, 2024

Indo-Bangladesh connectivity via Tripura’s Maitri Setu likely to begin in Feb: LPAI Chairman

International Shipping, Maritime, Ports, Trending News
AGARTALA : Almost three years after its inauguration, India-Bangladesh Friendship Bridge -Maitri Setu over River Feni in Sabroom of South Tripura, the access point of Northeastern states to Chittagong seaport is set to be
January 25, 2024

Government allows direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

Trade, COMMERCE, Economy, Global Trade, Trending News
NEW DELHI : In pursuance of the announcement on July 28, 2023 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to enable direct listing of Indian Companies at GIFT- IFSC exchanges
January 25, 2024

Mazagon Dock shipbuilders bags Rs 1,070-Crore contract from Defence Ministry

Ship Building, Defence, Trending News
MUMBAI : Mazagon Dock Shipbuilders Ltd. has signed a contract with the Ministry of Defence, which will buy 14 Fast Patrol Vessels for the Indian Coast Guard. The FPVs, at a contract value of
January 25, 2024

DGFT calls for e-commerce boost to transform India into a global leader in gold jewellery exports

Trade, Business, COMMERCE, EXPORT, Global Trade, Trending News
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position India as a top supplier, design
January 25, 2024

Apparel exporters seek tax incentives in Budget 2024 to boost manufacturing

EXPORT, Trade, Trending News
NEW DELHI : In order to increase domestic manufacturing and India’s outward shipments, Apparel Export Promotion Council (AEPC), on Wednesday called for tax advantages like uniformity in GST and more interest subsidies. Tax breaks
January 25, 2024

Global trade disrupted as Red Sea crisis raise economic concerns

International Shipping, Trade, Trending News
NEW YORK : The greatest disruption to global trade in decades has resulted from two months of missile, drone, and hijacking attacks against civilian ships in the Red Sea, driving up costs for shippers
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