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January 27, 2024

Maersk to introduce Chennai Service linking Ennore, Colombo and ports in Middle East

International Shipping, Shipping Line, Trending News
COPENHAGEN : Danish Shipping Company Maersk has increased its focus on the Indian sub-continent and the Middle East to address the challenge in the Red Sea and Suez Canal. It will launch a weekly
January 27, 2024

Sajjan Jindal-owned JSW forays into defence manufacturing business

Defence, Infrastructure, Transport, Trending News
MUMBAI : Sajjan Jindal-owned JSW Group on Thursday became the latest conglomerate to enter the defence manufacturing sector space by acquiring a majority stake in Gecko Motors Private Ltd, an off-road vehicle company. The
January 27, 2024

Textile Ministry probably get a marginal rise of 2.5% in the Budget 2024

EXPORT, Economy, Trade, Trending News
NEW DELHI : The textile ministry is likely to see a marginal increase of 2.5% in its budget allocation for fiscal year 2024-25, two persons aware of the matter said. The ministry had received ₹4,389
January 27, 2024

Budget 2024 : Maritime sector seeks more allocation, green Ports to navigate growth

Maritime, Economy, Ports, Trade, Trending News
NEW DELHI : The government will present its Interim Budget for 2024-25 on February 1. Mulling the forthcoming elections scheduled between April and May 2024, it is expected that this Budget will remain intact
January 27, 2024

Interim Budget 2024: Exporters seek higher allocation for MAI scheme

EXPORT, Policy, Trade, Trending News
NEW DELHI : Ahead of the interim Budget 2024, exporters have urged the government to allocate funds worth $3.88 billion for the Market Access Initiative (MAI) scheme to promote Indian exports and help them
January 27, 2024

44,000 TEUs of commodities shipped via Chabahar Port in 10 months

International Shipping, Foreign Ports, Trending News
CHABAHAR : As reported, this amount of shipment was conducted after equipping this oceanic port and providing up-to-date logistics facilities. As Iran’s only oceanic port on the Gulf of Oman, Chabahar Port holds great
January 27, 2024

India to export BrahMos supersonic cruise missile system in next 10 days: DRDO chief

EXPORT, Defence, Trending News
NEW DELHI : India is set to initiate the export of ground systems for the BrahMos supersonic cruise missile within the next 10 days, with the missiles themselves expected to be dispatched by March this year,
January 27, 2024

Merchant ship attacked by drone in Gulf of Aden set to dock at Tuticorin

Maritime, Defence, Shipping, Trending News
NEW DELHI : A Marshall Islands-flagged merchant vessel, which was attacked by a drone in the Gulf of Aden last week, is set to dock at the Tuticorin port in Tamil Nadu after the
January 27, 2024

IMO organises ‘Training to support maritime security in the Red Sea Area’

Maritime, Trending News
LONDON : Port facility personnel with designated security duties in Djibouti have received training to identify potential security threats and take action to prevent risks to port facilities. The workshop (21-25 January) was organised
January 27, 2024

Mumbai-Ahmedabad : Western Railway aims to slash travel time by an hour, trains to run at 160 kmph

Logistics, Railway, Trending News
MUMBAI : Western Railways (WR) is fervently working towards completing the Mission Raftaar project by the end of this fiscal year. The ambitious project seeks to significantly reduce travel time between Mumbai and Ahmedabad
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