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December 9, 2024

Tariffs under first Trump term hurt US firms, NY Fed analysis says

Import, Business, COMMERCE, Global Trade, Trending News
NEW YORK : Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms
December 9, 2024

Cargo Ship’s Engine Room Flooding forces Crew to abandon Vessel in Red Sea

International Shipping, Maritime, Shipping Line, Trade, Trending News
HODEIDAH : Twenty crew members of the MV ISA STAR, a Panama-flagged cargo ship were rescued in the Red Sea on December 5 after the vessel sent out a distress call. The EU’s naval
December 7, 2024

PM Modi ensured 300% increase in budget outlay for northeast in a decade: Sarbananda Sonowal

Ports, Business, Finance, Infrastructure, Inland Waterways, Shipping, Trade, Transport, Trending News
NEW DELHI : The Northeast region has received an increase of more than 300 percent in the budget outlay since 2014, said Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, on Friday. The Union Minister further stated that
December 7, 2024

PM Modi and Bhutan King resolve to further expand ‘exemplary’ bilateral ties

Trade, Economy, Global Trade, Trending News
NEW DELHI : India and Bhutan on Thursday vowed to further expand their “exemplary” partnership across all sectors with Prime Minister Shri Narendra Modi conveying to Bhutanese King Jigme Khesar Namgyel Wangchuck New Delhi’s
December 7, 2024

Gujarat leads in cargo handling; 581.63 MMT handled in 2023-24 across major, non-major ports

Ports, Cargo, Shipping, Trending News
GANDHIDHAM : Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal, informed in reply to a question in the Lok Sabha during the ongoing session of Parliament, shared this informationGujarat continues to dominate cargo
December 7, 2024

India not re-considering to join RCEP Pact : Piyush Goyal

Export - Import, COMMERCE, Economy, Finance, Trending News
NEW DELHI : India in 2019 decided not to join the mega free trade agreement RCEP as the pact was not addressing its concerns and since then there has been no change in that
December 7, 2024

Govt may offer 35% Subsidy for Goods Transport via Inland Waterways

Inland Waterways, Cargo, Shipping, Trade, Trending News
NEW DELHI : To enhance the transportation of goods through rivers, which currently constitutes only 2 per cent of India’s total freight movement, the government is planning to introduce a three-year subsidy scheme for
December 7, 2024

Adani Group plans to invest $2 Billion for acquisitions of ports in Europe

Ports, Shipping, Trade, Trending News
AHMEDABAD : The Adani Group is planning to invest $2 billion for acquisitions in the ports sector to expand its presence in the international market, a spokesperson said. The company’s flagship Adani Ports &
December 7, 2024

FIEO President inaugurates 2nd Edition of International Hardware Fair 2024

EXPORT, Business, Organisation, Trade, Transport, Trending News
NEW DELHI : The second edition of the International Hardware Fair 2024 was successfully inaugurated on December 6, 2024 at Hall No. 11, Pragati Maidan, New Delhi. The inauguration ceremony was attended by distinguished
December 7, 2024

DFC cargo movements up 142 % in FY24

Logistics, DFC, Shipping, Trending News
NEW DELHI : Dedicated Freight Corridors witnessed 142 per cent increase in cargo carried in FY24 against the previous year. Increasing dependence on rail transport in cargo movement has seen the road toll revenue
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