‘Don’t take narrow view of it’: Jaishankar on US’ sanction warning after...
A day after US warned India of “potential risks of sanctions” for signing the strategic Chabahar port agreement with Iran, external affairs minister S Jaishankar said that people shouldn’t take a...
View ArticleExport orders rise 10% in six months on demand from US, EU
Improved demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather...
View ArticleOnion prices fall by 15% due to lack of export demand
Though India reversed the export ban on onions 10 days ago, export demand has dried up as Indian onion is more expensive than Pakistan’s. Besides, subdued exports dampened domestic onion prices by over...
View ArticleHigher gold imports, low exports weigh as India’s trade deficit widens to...
India’s merchandise trade deficit widened to $19.1 billion in the month of April, Commerce Secretary Sunil Barthwal said on Wednesday. A Reuters poll of economists had pegged April’s trade deficit at...
View ArticleCMA CGM joins intra-Asia consortium to boost its market share
CMA CGM is looking to consolidate its footing in the intra-Asia trades, as the market’s potential grows in response to diversifying supply chains in Asia. The French liner will deploy three vessels to...
View ArticleChabahar brings to fore India’s hidden infrastructural play
Construction of a gargantuan network of roads, highways, tunnels, bridges, airports, metros and high-speed trains is the showpiece of the Narendra Modi government. But one crucial piece of Modi’s...
View ArticleIndia asks Iran to release nearly 40 of its sailors detained from 4 ships
India has asked Iran to release nearly 40 Indian seafarers who were detained from four different merchant ships seized by the Persian Gulf country over the past eight months on different charges,...
View ArticleIndian Minister of Ports, Iran Foreign Minister stress on long-term maritime...
Minister of Ports Shipping and Waterways Sarbananda Sonowal who is on a visit to Tehran to take part in the signing ceremony of the long-term cooperation deal between Iran and India met and held talks...
View ArticleAdani Ports Mundra Enhances Global Connectivity with ONE
Adani Mundra Port handled the inaugural vessel call of the WIN service of Ocean Network Express (ONE) line. This new service aims to enhance the connectivity of Adani Ports Mundra and Hazira catering...
View ArticleChina fully allows visa-free entry of foreign tourist groups via cruise ships
China on Wednesday enforced a policy allowing visa-free entry of foreign tourist groups aboard cruise ships via all cruise ship ports along the country’s coastline. Tourist groups each consisting of...
View ArticleIndia’s trade deficit widens to $19.1 billion in April: Commerce ministry
India’s merchandise trade deficit expanded to $19.1 billion in April, Commerce Secretary Sunil Barthwal said on Wednesday. India’s trade deficit had narrowed to $15.6 billion in March, representing a...
View ArticleIndian container cargo to grow at 8% in FY25 amid Red Sea crisis: Report
India’s coal cargo throughput at ports is estimated to grow at a CAGR of 3-4 per cent from FY24 to FY26, despite an anticipated decline in coal imports by 2-3 per cent, CareEdge Ratings projected in...
View ArticleNorway excludes Adani Ports from govt pension fund over ethical concerns
Norges Bank, Norway’s central bank, on Wednesday announced it was excluding three companies from its government pension fund due to ethical considerations. The companies are India’s Adani Ports and...
View ArticleCBI books Chennai customs appraiser on bribe charges
The Central Bureau of Investigation (CBI) has booked a Chennai customs’ appraiser for demanding and accepting a bribe of Rs 50,000 from a private trader to appraise goods imported from China. According...
View ArticleMango exports: Shipping by air, emerging markets drive optimism
Steep rise in freight charges notwithstanding, Indian exporters are hopeful of a 10-15 per cent year-on-year increase in export of mangoes. The US, Canada and Mauritius are fast emerging as preferred...
View ArticleFIEO warns of dumping in India due to US-China trade war
China has overcapacity in many sectors such as electric vehicles and hence threat of dumping of goods cannot be ruled out in the domestic market due to the escalating trade war between Beijing and...
View ArticleIndia ‘sees’ its third unicorn of 2024 in logistics services platform Porter
Homegrown logistics services platform Porter has likely become the third unicorn (with valuation of $1 billion and above) in India this year after a fresh internal round. According to sources, the...
View ArticleMerchandise exports likely to reach $500 bn in FY25, growth of labour...
In its export outlook for FY25, the Federation of Indian Export Organisations (FIEO) on Thursday stated that it expects merchandise exports to reach $500-510 billion for the year. In FY24, goods...
View ArticleBesco Ltd Wagon Division will supply 800 freight wagons
Besco Ltd Wagon Division, an Indian manufacturer of freight and passenger wagons, has signed a contract with Indian Railways to supply 800 freight wagons for a total of 3.4 billion rupees...
View ArticleVisakhapatnam port handles highest material in FY 2024-25
The Visakhapatnam port authority (VPA) has set a new record by handling 10 million metric tonnes (MMTs) of cargo in just 45 days in the present financial year 2024-25. This achievement surpasses the...
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