Logistics startups slash jobs as freight volumes drop
SAN FRANCISCO : Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the
KEZAD Group announces AED 621m investment for New Warehousing Capacity
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, today announced that it has commenced the development
Red Sea diversion sends shipping costs soaring for Bangladesh apparel exporters
DHAKA : There’s been a more than 30 per cent increase in freight charges and an additional 15 days in sailing time due to ships rerouting away from
Finance Ministry reviews that there are Scopes to add more quality and complexity to India’s expor
NEW DELHI : There is scope to add more quality and complexity to India’s exports, given the existing capabilities, the Finance Ministry said in its economic review for January. It also
Govt working on SEZ reforms : Commerce Secretary
NEW DELHI : The government is working on reforms in the Special Economic Zone (SEZ) domain so that movement of goods between domestic tariff area (DTA) and SEZ
CONCOR and Indian Oil sign MOU for Collaborative Logistics Ventures
NEW DELHI : In a significant event witnessed by dignitaries including Shri. Sanjay Swarup, CMD CONCOR, and Shri Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a
India to become third largest economy with GDP of $5 trillion in three years : Finance Ministry
NEW DELHI : India is anticipated to become the third-largest economy in the world with a GDP of $5 trillion in the next three years, the Finance Ministry
Mahindra Logistics swings to Q3 loss of Rs 17.41 cr on weak supply chain management business
MUMBAI : Mahindra Logistics reported a consolidated net loss of Rs 17.41 crore for the quarter ending in December 2023, compared to a net profit of Rs 1.39 crore
Electronics and engineering goods’ exports among six focus sectors for targeting $1 trillion
NEW DELHI : India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70%
ReNew proposes to invest Rs 26,400 crore for Green Hydrogen Project in Kerala
GURUGRAM : ReNew, a Nasdaq-listed decarbonisation firm, has proposed a total investment of Rs 26,400 crore for a Green Hydrogen Project with 220-kilo-tonnes-per-annum (KTPA) of green hydrogen production