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June 19, 2021

Forex reserves rise $3.07 billion to lifetime high of $608.08 billion

Trade, Trending News
MUMBAI : Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The country’s foreign
June 19, 2021

Yantian Effect’ Could Cause Shortage of Goods as Freight Rates Set to Stay High

Logistics, Trending News
SHENZHEN : Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no longer viable to transport, according to
June 19, 2021

TCI enables mission critical Vaccine & Oxygen Logistics across India

Logistics, Trending News
GURUGRAM : With large parts of the country facing oxygen scarcity in this pandemic, logistics and distribution remain one of the major bottlenecks besides production. Transport Corporation of India (TCI) said that it has stepped
June 18, 2021

TradeLens Digital Shipping Platform Adoption Grows in China

Shipping Line, Trending News
Within a month of announcing general availability of the TradeLens platform in China, more than 10 new members have joined the ecosystem to digitize paper-based processes and improve the visibility for Chinese companies into
June 18, 2021

Mystic Shipping handled first ever shipment of Organic Soyabean Meal from India to Baltimore,US at Deendayal Port

Trending News, Shipping
GANDHIDHAM : Mystic Shipping Pvt Ltd. (MSPL) handled first ever shipment of organic soyabean meal in bulk at Deendayal Port .The vessel MV IKAN PULAS, which arrived in the end of last month May,2021
June 18, 2021

Bangladesh is now among India’s top 5 export destinations

EXPORT, Trending News
DHAKA : Bangladesh has surpassed Hong Kong to become India’s fourth biggest export destination in the first three months of the current calendar year, and climbed four notches to fare in the country’s top
June 18, 2021

Flipkart opens 2.2 lakh sq ft warehouse in West Bengal, to create about 3,500 direct jobs

warehouse, Trending News
KOLKATA : Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread
June 18, 2021

Rs 5k crore revival: 60 new plants in Morbi

Export - Import, Trending News
AHMEDABAD : The ceramics hub of Morbi seems to have bounced back after some factories were shut down recently due to weak domestic demand during the second Covid-19 wave. Moreover, Tauktae that hit parts
June 18, 2021

India signs $484 m loan pact with ADB for an industrial corridor project in TN

Trade, Trending News
Project emphasises sustainability, climate change resilience, and road safety elements CHENNAI : The Government of India has signed a $484 million loan agreement with the Asian Development Bank to improve transport connectivity and facilitate
June 18, 2021

Merchant vessel’s fuel tank develops crack, 10 KL oil spilled in Bay of Bengal: ICG

Maritime, Trending News
NEW DELHI : A merchant vessel’s fuel tank developed a crack leading to 10 kilolitres of oil being spilled in the Bay of Bengal on Thursday, the Indian Coast Guard (ICG) said. It said
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