Stock market news: Hirose Tech tops Taiwanese gainers with a 25.15% rise
At 1:01 pm Friday, 22 November 2024 (GMT+8), Hirose Tech Co. Ltd. led gains on the Taiwan Stock Exchange, surging 25.15% to 53.00 TWD. Acon...
Maritime & Trade
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Swiggy launches skills initiative to empower delivery partners
Delivery partners will have access to a range of training programs through this initiative, such as classes on digital skills, communication, financial literacy, and soft skills.
JNPA records highest-ever monthly container traffic in August 2024
Increased exports of important commodities, such as textiles, auto parts, and agricultural products, accounted for a sizeable amount of the traffic, underscoring India's expanding export potential.
IndiGo plans to expand international network and strengthen cargo operations
IndiGo’s cargo division, which has seen a surge in demand during the COVID-19 pandemic, will also be a key focus area in its expansion strategy.
IIM Shillong partners with Land Ports Authority to establish Centre of excellence
The MoU was signed during a ceremony that brought together senior officials from both institutions. The collaboration is expected to address critical challenges in cross-border trade and improve the infrastructure and management of land ports across the country.
New liner service links Jeddah to Mundra and Nhava sheva ports
The service, launched by the global shipping line Container Shipping Service (CSS), aims to enhance shipping efficiency and reduce transit times for goods travelling between these key ports.
Coal shipments to India surge by 10%, but growth may slow: BIMCO
The amount of coal imports into India in the future may be impacted by issues facing the global coal market, such as unstable pricing and supply chain interruptions.
UK and India form Partnership to boost sustainable infrastructure investment
The UK-India partnership will explore avenues for innovation and capacity building in sectors such as green finance, electric vehicles, and climate-resilient infrastructure.
Sarbananda Sonowal meets UAE ambassador to strengthen maritime partnerships
The UAE's ambassador to India, Dr. Abdulnasser Alshaali, and the Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, recently spoke about possible new avenues for their countries' maritime cooperation.
Upcoming Vadhvan port draws significant global interest: Sonowal
The new port will cater to a wide range of cargo, including containers, liquid bulk, and general cargo, further diversifying India’s trade portfolio.
Government extends interest equalization scheme for exporters by another month
The IES offers a subsidy of 3% to Micro, Small, and Medium Enterprises (MSMEs) and 2% to other eligible exporters on interest rates for loans.
Indian government adopts road corridor approach to boost national connectivity
Authorities think the road corridor model will help close the infrastructure gap between rural and urban areas in addition to enhancing domestic connectivity.
JM Baxi group launches advanced warehouse at Nhava Sheva distribution hub
The Nhava Sheva Distribution Terminal is a critical hub for India’s trade with global markets, and the addition of this new warehouse is expected to significantly boost the port’s handling capacity.
Kolkata port begins berth mechanization to boost operational efficiency
The mechanization process involves upgrading the port’s infrastructure with state-of-the-art equipment, including modern cranes and automated cargo handling systems.
Rail trade between Bangladesh and India resumes through Benapole after 47 days
Bangladeshi and Indian officials have expressed relief and optimism about the resumption, emphasizing its importance for maintaining strong trade relations.
VOC port registers 16% surge in container traffic volume
Port officials attribute the growth to ongoing modernization projects, including the expansion of berthing facilities and the introduction of state-of-the-art handling equipment, which have streamlined operations and reduced turnaround times.
PM Modi’s Singapore visit secures ₹90,000 crore boost for India
Key areas of discussion included investments in renewable energy, digital technology, and advanced manufacturing, sectors that are pivotal to India’s growth trajectory.