India offers £234m loan to build up Vietnam’s maritime security
India on Thursday offered a 300 million-dollar (£234 million) loan to build up Vietnam’s maritime security, as the two sides said they want to double their trade and investment within five years. Prime...
View ArticleTurkmenistan launches container train service from India to Uzbekistan
The “Transport-Logistics Center of Turkmenistan” (TULM) has initiated its first container train service from India to Uzbekistan, focusing on optimizing container freight train traffic and reducing...
View ArticleAllcargo Terminals Q1FY2025 revenue up 5% on higher volumes
Allcargo Terminals (ATL), demerged from Allcargo Logistics, an India-born global leader in multimodal logistics solutions, reported a five percent increase in revenue at Rs 190 crore for the first...
View ArticleHira Ballabh appointed as Managing Director of DFCCIL
Mr. Hira Ballabh, who is currently serving as Director of Finance for the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), has been appointed as the Managing Director of DFCCIL....
View ArticleApple reports record quarterly revenue in India despite smartphone shipment dip
Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market...
View ArticleAtul Ubale to hold additional charge of Director (Finance) of SCI Board
State-owned Shipping Corporation of India Ltd has announced that Mr. Atul Ubale who is holding the post of Director (B&T) is entitled to hold the additional charge of Director (Finance). The...
View ArticleBharatmala pariyojana not paused, master plan of national highways to boost...
The ministry of road transport and highways (MoRTH) on Thursday informed the Lok Sabha that it has not suspended its flagship scheme Bharatmala Pariyojana, adding that a cumulative length of 26,425 km...
View ArticleMaster plan of national highways set to transform India’s logistics landscape
The Ministry of Road Transport and Highways (MoRTH) has reaffirmed its commitment to enhancing India’s logistics infrastructure through the Master Plan of National Highways. This strategic blueprint...
View ArticleGovt approves 8 national high-speed road corridor projects for Rs 50,700 crore
The Cabinet Committee on Economic Affairs on August 2 approved 8 national high-speed road corridor projects, with a total length of 936 km across the country, for Rs 50,655 crore, Union minister...
View ArticleMaersk sees global trade disruptions lasting throughout 2024
The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to A.P. Moller-Maersk A/S, a bellwether for world trade....
View ArticleMaersk ups profit target by $2bn on Red Sea shipping woes
Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea....
View ArticleCabinet Approves Rs 59,655 Crore Worth Of National High-Speed Road Corridor...
The Cabinet Committee on Economic Affairs (CCEA) on Friday approved the development of eight critical national high-speed corridor projects with a length of 936 km at a project cost of ₹50,655 crore....
View ArticleGoa’s rivers get a makeover: Nationalisation project gains momentum
As a part of the Central government’s nationalisation of rivers project, the Inland Waterways Authority of India (IWAI) is spearheading a series of developmental works in Goa. These projects, which...
View ArticleSMEs in Germany see India as the new focus for supply chain reorientation
German SMEs are increasingly turning their attention on India as they look to reorient their supply chains – but suggestions that this forms part of a move away from China may be misplaced. DZ Bank’s...
View ArticleIndian Railways extends suspension of Bangladesh trains amid political...
After Bangladesh Prime Minister Sheikh Hasina resigned from her post and fled the country following countrywide protests, Indian Railways has extended the suspension of trains running to the...
View ArticleKondapalli-Penuballi railway line to make coal procurement by NTTPS from...
A new 80 km-long railway line connecting Kondapalli in NTR district of Andhra Pradesh (AP) and Penuballi in Khammam district (Telangana) is going to help Dr. Narla Tatarao Thermal Power Station...
View ArticleIndiGo begins new India-China freighter route
IndiGo CarGo has begun operating freighter flights between Kolkata in India and Ezhou in China as it continues to expand its network. The freighter flights between Netaji Subhash Chandra Bose...
View ArticleIndia’s plan to float a locally-owned P&I Club lose steam
The move to set up a locally-owned Protection and Indemnity (P&I) Club – espoused by none other than the Finance Minister Nirmala Sitharaman last year – has lost steam with the Ministry of Ports,...
View ArticleCargo traffic at major ports grows 5.92% to 70.08 mn tonnes in Jul: IPA
Cargo traffic at 12 major ports in the country grew 5.92 per cent to 70.08 million tonnes (MT) in July from 66.17 MT handled in the year-ago period, according to the data released by major ports’ apex...
View ArticleMachilipatnam Port construction in full swing, completion expected by October...
In a significant update on India’s maritime infrastructure, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal presented a detailed written reply in Parliament, highlighting major...
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