JSW Infra promoters plan to sell stake to fund Rs 39k cr capex
Sajjan Jindal family plans to dilute 14% of its promoter shareholding in JSW Infrastructure to fund its Rs 39,000-crore capex over the next five years. Alongside its ongoing expansion efforts, India’s...
View ArticleSnowman reports loss of Rs 61 lakh in Q3FY2025, revenue up 6%
Snowman Logistics reported a net loss of Rs 61 lakh in the third quarter of financial year 2024-25 compared to a profit of Rs 4.2 crore in Q3FY2024. Revenue from operations increased six percent to Rs...
View ArticleRajesh Kumar Mohapatra assumes charge as Director- Rail & Inland Terminal...
DP World Rail Logistics Pvt. Ltd. has appointed Rajesh Kumar Mohapatra as Director–Rail & Inland Terminal Vertical. In this role, he will oversee DP World’s rail and inland terminal operations,...
View ArticleIPO-bound logistics unicorn Shiprocket to ramp up acquisitions in 2025
Temasek- and Zomato-backed logistics unicorn Shiprocket is gearing up for an acquisition spree in 2025, even as the company prepares for its listing. The Gurugram-headquartered company, which is...
View ArticleWestern Dedicated Freight Corridor nears completion as DFCCIL optimizes...
The much-anticipated Western Dedicated Freight Corridor (WDFC), set to enhance connectivity between Maharashtra and northern India, is on track for completion by the end of 2025. Reflecting this...
View ArticleMorocco eyes direct flights with India to boost trade and tourism
Morocco is eyeing direct air connectivity with India to support the rise in trade and tourism. Morocco has emerged as a key supplier of phosphate-based fertilisers to India in the recent years. Tata...
View ArticleSouth Korea’s KOMEA pledges support to India’s shipbuilding ambitions
The big bang announcements in the Union Budget to boost Indian shipbuilding has started attracting interest with South Korea, a global giant in the industry, offering its support through one of its...
View ArticleIndia unveils ambitions to become ‘a global leader in shipbuilding’
India is attempting to “play hardball” to become an alternative shipbuilding market, amid the trade diversification that has already yielded it some tangible gains on electronics manufacturing. New...
View ArticleAsset monetisation plan of Mormugao port faces setbacks
Mormugao Port Authority’s attempt to unlock new revenue streams through the sale of prime land and institutions has run aground, with the port authorities finding no takers. Plans to lease out 50,000...
View ArticleWorkers sit on indefinite hunger strike as PSA SICAL prepares to prematurely...
PSA SICAL Terminals Ltd, the facility majority owned by Singapore’s state-owned PSA International Pte Ltd at V O C Port in Tamil Nadu, said it will wind down the terminal on February 28, three years...
View Article100 m-long ‘Make in India’ steel bridge launched over four railway tracks for...
National High Speed Rail Corporation Limited has successfully launched a steel bridge over four railway tracks – two of western railways and two DFC tracks between Kim and Sayan for Mumbai-Ahmedabad...
View ArticleUP Cabinet approves inland waterways authority; to boost water transport,...
The Uttar Pradesh government has approved the formation of an inland waterways authority to boost water transport and tourism in the state. The decision to implement the Uttar Pradesh Waterways...
View ArticleCochin Shipyard joins hand with Deendayal Port to set up Rs 1,750 crore ship...
The Deendayal Port Authority (DPA), which operates and manages Kandla Port, has partnered with India’s biggest shipbuilding and ship-repair company, Cochin Shipyard Ltd (CSL), to establish a...
View ArticleBengaluru operates India’s first ACT1 doubledeck freight train to transport...
The Bengaluru railway division has operated India’s first ACT1 (bogie-covered auto car taller) freight train to transport 264 SUVs from Andhra Pradesh’s Penukonda to Farukh Nagar in Haryana, generating...
View ArticleFreight corridor operates 391 trains in Jan 2025, achieves significant...
The Dedicated Freight Corridor (DFC) has reached a significant milestone in freight train operations during January, marking a new benchmark in India’s logistics and transportation efficiency, the...
View ArticleYang Ming launches new India Ocean Express service (ISE)
Yang Ming Marine Transport Corporation (Yang Ming) is pleased to announce the launch of its new India Ocean Express service (ISE), providing a direct connection between West India, Sri Lanka, and...
View ArticleGPCB asked to inspect suspect LNG tanker headed for Alang: Gujarat Maritime...
The Gujarat Maritime Board (GMB) has asked the Gujarat Pollution Control Board to conduct a detailed inspection of a 30-year-old LNG tanker that is suspected to contain hazardous substances and is...
View ArticleINS Surat to berth at Hazira Port: A historic moment for Surat residents
The people of Surat are in for a historic and emotional moment as the Indian Navy has confirmed that INS Surat, the warship named after the city, will be docked at Hazira Port for public viewing. This...
View ArticlePSA SICAL workers call off strike after signing settlement agreement with...
Workers at PSA SICAL Terminals Ltd have called off their indefinite strike after the Union signed a settlement agreement on Wednesday with the management of the terminal operating company that will...
View ArticleIndian authorities assess impact of Trump memorandum on Chabahar port in Iran
The Indian government is assessing the potential impact of US President Donald Trump’s restoration of his “maximum pressure” campaign on Iran, especially the move to remove waivers on sanctions related...
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