Working hard to address needs of crew of ship involved in Baltimore incident: Synergy Marine

1 year ago

Synergy Marine Group addressing crew needs of container ship Dali in Francis Scott Key Bridge incident. Crew in good health, assisting with investigation. Indian crew facing phone confiscation by probe agencies, replaced by FBI. Monitoring crew’s welfare, providing counselling 24/7. Crew awaiting permission to disembark and arrangements for return home.

Not ignoring business with China, but need to be alert: Jaishankar

1 year ago

Speaking at a panel discussion at CII Annual Business Summit, Jaishankar said that as far as national security goes, it is more complex with China.

India’s spice export may fall 40 pc if EtO contamination issue not resolved quickly: FISS

1 year ago

The Federation of Indian Spice Stakeholders (FISS) on Friday said India’s spice export may decline nearly 40 per cent in FY25 if the issue of ethylene oxide or EtO contamination in spices meant for exports is not addressed at the earliest. The statement came against the backdrop of Hong Kong and Singapore banning the sale […]

‘Life as usual’ possible with China & Pak? Jaishankar tells biz world apply national security filter

1 year ago

DGFT conducting study to identify and align best global practices in trade finance

1 year ago

The Directorate General of Foreign Trade (DGFT) is exploring global trade finance practices to align with India’s future needs. Over 2.5 lakh bank realisation certificates (BRCs) have been self-generated under the revamped eBRC system, boosting ease of doing business. Stakeholders emphasize the importance of data flow in export credit and aim to enhance the trade […]

India’s spike in trade with Russia not ‘temporary phenomenon’, says S Jaishankar

1 year ago

India’s External Affairs Minister S Jaishankar highlighted that the growing trade between India and Russia is not a passing trend but a result of emerging economic prospects. He emphasised the long-standing relationship between the two nations despite India’s stance on the Ukraine conflict. Trade has seen a significant increase with India becoming a top buyer […]

India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal

1 year ago

Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, stated that India aims to replicate the Chabahar port model in other strategic locations in the region to acquire additional assets. In an interview with ET, he emphasized that India is actively investigating opportunities to bolster its maritime presence and trade connectivity.

Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report

1 year ago

The slated connection of the dedicated freight corridor to Jawaharlal Nehru Port in FY26, along with capacity additions by ports, is expected to drive growth in container volume over the medium term, it added.

Norway sovereign wealth fund excludes Adani Ports over ethical concerns

1 year ago

Norway’s central bank has excluded three companies from its government pension fund due to ethical concerns. Adani Ports, part of Gautam Adani’s conglomerate, is excluded due to potential violations of individuals’ rights in war situations. Weichai Power, a Chinese company, is excluded due to its involvement in armed conflict sales.

FIEO pegs FY25 goods exports at $500-510 billion

1 year ago

The apex exporters body also hasn’t ruled out dumping of Chinese goods in the wake of the US imposing high duties on goods such as EVs, batteries and high end technology products.

Working hard to address needs of crew of ship involved in Baltimore incident: Synergy Marine

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