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May 4, 2023

KredX receives final approval from IFSCA for cross-border trade finance

Trade, Business, Company, Export - Import, Trending News
GANDHINAGAR : The International Financial Services Centres Authority (IFSCA) has granted the final approval to the supply chain financing platform KredX to facilitate global trade for Indian businesses through its International trade financing platform
May 4, 2023

Ajay Banga, Indian-American business leader appointed World Bank President for 5 years

Trade, Business, Economy, Trending News
NEW DELHI : The World Bank on Wednesday confirmed that Indian-American Ajay Banga will be its next President. Banga will be taking charge at a pivotal time for the development lender as it looks to better address
May 4, 2023

UP Govt to set up manufacturing and logistics clusters along expressways

Logistics, Trending News
LUCKNOW : The Uttar Pradesh Government is contemplating setting up manufacturing and logistics clusters spread over 600 hectares alongside the expressways. UP has the longest network of expressways in the country. MOUs for these
May 4, 2023

There is a need to bring down logistics cost to 9% of the GDP : Report

Logistics, Trending News, warehouse
NEW DELHI : India’s revolutionary digital infrastructure is primarily driving transformation in the logistics sector, enabling seamless operations and greater operational efficiency. Experts feel that the country’s improved ranking in logistics performance is a
May 4, 2023

Hapag-Lloyd Annual General Meeting approves all proposed resolutions

International Shipping, Shipping Line, Trending News
HAMBURG : Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation of the net profit and
May 4, 2023

CMA CGM confirms first Car Carrier Charter for CEVA Logistics

Logistics, International Shipping, Trending News
MARSEILLE : CEVA Logistics, part of the CMA CGM Group, confirmed the rumor circulating for weeks that they will be entering the car carrier segment chartering four vessels. Announcing a 10-year agreement with Eastern
May 4, 2023

Govt’s expanded specialised vessels list a plus for Cochin Shipyard

Ship Building, Trending News
KOCHI : Cochin Shipyard Ltd will gain from the government’s decision to expand the list of ‘specialised vessels’ that are eligible for a state-aid introduced in April 2016 for a ten-year period. In April,
May 4, 2023

Trade union protests lack of growth at ICTT

Ports, Trending News
KOCHI : The joint body of Cochin Port trade union is going to intensify its stir, demanding the state and Union government to take steps to resolve the issue of negative growth of the
May 4, 2023

Top gas importer of India expects ‘huge jump’ in demand as prices ease

Import, LNG, Trending News
NEW DELHI : India’s top gas importer Petronet LNG expects a ‘huge jump’ in local gas demand for at least six months due to a softening of global prices of liquefied natural gas (LNG),
May 4, 2023

Tripura Govt signed MoUs worth Rs 312.38 crore

Trade, Business, EXPORT, Trending News
GUWAHATI : Tripura Government on Tuesday signed eight Memorandum of Understandings (MoUs) with investment proposals of Rs 312.38 crore. These investments are proposed in rubber, bamboo, agriculture and health services in the state. The MoUs
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