IKEA launches doorstep deliveries to 62 new markets in India
IKEA, the renowned Swedish omnichannel home furnishings retailer, has extended its ecommerce delivery services to cover numerous pin codes across 62 districts in Karnataka, Maharashtra, Telangana, and...
View ArticleIndia’s Petronet LNG reports higher profit, volumes
India’s Petronet LNG reported a slight rise in its quarterly profit and higher volumes at the company’s two regasification terminals. Profit after tax or PAT reached 11.91 billion rupees ($143.2...
View ArticleIndia seeks investment commitment from Switzerland under proposed EFTA trade...
India has sought investment commitments from Switzerland under the proposed free trade agreement with the four-nation EFTA bloc, a top government official said on Tuesday. The European Free Trade...
View ArticleASEAN, South Korea, Japan FTAs increased India’s goods trade deficit
India’s merchandise trade deficit with ASEAN member countries, South Korea and Japan increased significantly more than its global trade deficit after signing free trade agreements (FTA) with the...
View ArticleCustoms to ease export norms for certain dual-use goods, says DGFT
The government is working to liberalise export norms for certain products which have dual-use like chemicals for companies that have proven track record, a senior official said on Tuesday. Director...
View ArticleIndia to share infra planning tool PM GatiShakti with neighbouring nations
India will share the PM GatiShakti initiative with some of the neighbouring countries free of cost as the infrastructure planning tool is helping in effective planning and implementation of projects, a...
View ArticleBPCL ties up 1 million tonnes of LNG from upcoming Mozambique LNG project
State-run Bharat Petroleum Corporation (BPCL) has tied up a supply of 1 million tonnes (mt) of liquefied natural gas (LNG) from the upcoming $20-billion project in Mozambique, which is expected to...
View ArticleGujarat Maritime Cluster hosts Singapore delegation at GIFT city
In an attempt to decarbonise and digitalise ports in Gujarat, officials of the Gujarat Maritime Cluster hosted a delegation from the Maritime and Port Authority of Singapore (MPA) at GIFT city....
View ArticlePragati Warehousing inks deal with T.N. government
Pragati Warehousing, a firm into industrial and logistics real estate development, has recently formalised a Memorandum of Understanding (MoU) with the Tamil Nadu government, entailing investments to...
View ArticleRed Sea shipping crisis: India on track to export record-low sulphur diesel...
As Red Sea security risks drive up freight costs, India’s exports of low-sulphur diesel to Europe are poised to hit a fresh two-year low in January, after an unprecedented high last month, trade...
View ArticleHaryana amends policy to bring for uniformity in multi-modal logistics parks
The cabinet on Tuesday amended the policy for setting up multi-modal logistics parks (MMLPs), integrated inland container depots, logistics parks, warehouses-cum-retail, truckers parks, cash and carry,...
View ArticleIndiGo eyes China and South-east Asia and takes on more freighter capacity
India’s largest private airline, IndiGo, is stepping up freighter operations, aiming to ride what it sees as strong economic tailwinds for air cargo growth. “We are evaluating the addition of more...
View ArticleAPSEZ to levy double stack lock charges of Rs 500 per wagon at Mundra Port
Mundra Port, the flagship port of Adani Ports and Special Economic Port Ltd (APSEZ), will levy a double stack lock charges of Rs500 per double stacked wagon, inward or outward, from 1 February, the...
View ArticleBudget 2024: Simplified GST structure tops logistics industry wish list
With Finance Minister Nirmala Sitharaman set to present the interim budget for 2024-25 on February 1, the logistics industry is expecting measures to propel the country’s logistics sector towards...
View ArticleCochin Shipyard wins SOV vessel order from UK’s North Star Shipping
North Star Shipping (Aberdeen) Ltd, United Kingdom’s top offshore infrastructure support vessel operator in the North Sea, has placed an order for a hybrid Service Operation Vessel (SOV) at Cochin...
View ArticleGST collections in January at Rs 1.72 lakh crore, second-highest ever
The government’s Goods and Services Tax (GST) collections rose to Rs 1.72 lakh crore in January, according to provisional data released by the Ministry of Finance on January 31. “The data is as of 5PM...
View ArticleMoPSW transforming India’s maritime operations through digitization
Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, will launch two cutting-edge digital modules, the Maritime Single Window (MSW) and the Mercantile Maritime Department (MMD), on the...
View ArticleVizhinjam Port: First phase completion by Dec
Ports minister V N Vasavan told the Assembly that the first phase construction of Vizhinjam international transshipment terminal will be completed by Dec this year. At present, 72% of the total works...
View ArticlePM GatiShakti Is Transforming India’s Logistics Ecosystem: DPIIT Secretary
Rajesh Kumar Singh, DPIIT Secretary, highlighted the transformative impact of the PM GatiShakti National Master Plan on the country’s logistics ecosystem, on Tuesday. He shared these insights while...
View ArticleDBGT concluded 2023 on an enthusiastic note
Dakshin Bharat Gateway Terminal started the year 2023 with progressive swing in handling volumes despite several hurdles that grabbed entire logistics worldwith fear of unbalanced supply and demand....
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