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September 3, 2024

Adani Ports’ records 5% increase in cargo volumes according to August data

Ports, Shipping, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) clocked 36.1 million metric tons (MMT) of cargo volume in August 2024, registering a growth of 5% YoY. The cargo volume represents 5% YoY growth,
September 3, 2024

CONCOR to start coastal shipping in India again

Container, Logistics, Trending News
NEW DELHI : Container Corporation of India Limited (Concor) is poised to resume coastal cargo transport as part of its multi-modal logistics strategy, according to a report . The move is aimed to provide a
September 3, 2024

IRS and National Centre for Polar and Ocean Research ink agreement for Advanced Ocean Research Vessel

Shipping, Business, Company, Trade, Trending News
NEW DELHI : In a significant stride towards bolstering maritime research, Indian Register of Shipping (IRS) has formalized an agreement with the National Centre for Polar and Ocean Research (NCPOR), under the Ministry of
September 3, 2024

Govt approves Kaynes’ Rs 3,307 cr semiconductor unit at Gujarat’s Sanand

Technology, Trade, Trending News
AHMEDABAD : The government on Monday approved a proposal of Kaynes to set up a semiconductor unit in Sanand, Gujarat with 6.3 million chips per day capacity, entailing an investment of Rs 3,307 crore.
September 3, 2024

Cabinet approves a 309 Km long new Railway line project between two major commercial hubs – Mumbai and Indore

Logistics, COMMERCE, Economy, Railway, Transport, Trending News
NEW DELHI : The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has approved new railway line project under Ministry of Railways with total cost of Rs. 18,036 crore
September 3, 2024

India-Singapore relations poised for even bigger take-off: MEA ahead of PM Modi’s visit

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : Building on “new anchors” of partnership identified under the India-Singapore Ministerial roundtable framework, the relations between the two countries is poised for an even bigger take-off, the MEA said on Monday
September 3, 2024

India has trade surplus with 151 nations; deficit with 75 during Jan-June : Thinktank report 

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia
September 3, 2024

Govt mulls easing rice export curbs

EXPORT, Finance, Global Trade, Trade, Trending News
NEW DELHI : Given the surplus rice stocks and robust kharif crops, the government is likely to announce measures to relax restrictions on rice exports imposed last year soon. Sources told that basmati rice
September 3, 2024

Air traffic Railways traffic, cargo and port cargo grew in July shows resilience of Indian Economy

Air cargo, Economy, Finance, Global Trade, Railway, Trending News
NEW DELHI : The domestic air passenger traffic in India experienced a 7 per cent year-on-year (YoY) increase in July 2024, reaching 1.30 crore passengers, according to the data by Director General of Civil
September 3, 2024

US Military says Yemen’s Houthis attacked two crude oil tankers in Red Sea

International Shipping, Maritime, Trending News
LONDON/WASHINGTON : Yemen’s Iran-backed Houthi rebels attacked two crude oil tankers – the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I – in the Red Sea on Monday, the U.S. military said, calling the
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