The NCLT dismissed SKIL Infrastructure’s plea to withdraw from insolvency proceedings after settling with Amluckie Investment. Other financial creditors, including Bank of India, UCO Bank, and Edelweiss ARC, opposed the withdrawal. The lenders have submitted claims of ₹13,715.15 crore, with ₹12,504.74 crore admitted. The tribunal directed the IRP to form a CoC and proceed according […]
NCLT rejects IRP bid to end SKIL Infra’s insolvency process
Govt to boost Maritime Development Fund to ₹70,000 crore, nearly triple budget allocation
2 months ago
The Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. This expansion supports shipyards, infrastructure, and shipping tonnage, aligning with ambitious goals for 2047. Recent legislative changes and financial schemes further demonstrate India’s commitment to becoming a global shipbuilding hub, competing with nations like South Korea […]
Syama Prasad Mookerjee Port, Kolkata (SMPK) has awarded a Rs 343.58 crore PPP project to Ganges Bulk Terminal Pvt. Ltd. for mechanizing berth No. 5 at Haldia Dock Complex. This initiative aims to enhance cargo handling efficiency, targeting 5 million metric tonnes of dry bulk cargo annually by December 2027. The project will boost eastern […]
Top executives from FedEx, UPS, Aramex, and DHL will face cross-examination by a publishers’ group alleging price collusion, despite an earlier antitrust probe clearing the courier companies. This rare move by the Competition Commission of India could alter the investigation’s findings and prolong the case, impacting the growing Indian courier market. The publishers aim to […]
Indian Independence Day: Walchand Hirachand, known as the “Transport Man of India,” spearheaded the nation’s transport industry before Independence. He established India’s first ship, aircraft, and car manufacturing units, now known as Hindustan Aeronautical Limited, Hindustan Shipping Limited and Premier Automobiles.
India’s goods exports saw a 7.2% increase in July, reaching $37.24 billion after two months of decline. However, a surge in imports, driven by oil and gold, led to a significant trade deficit of $27.35 billion, the highest in eight months.
Trade talks with US going on: Commerce Secretary
2 months ago
India and the US are actively pursuing a bilateral trade agreement. The next round of talks depends on the US-Russia meeting. A 25% tariff on Indian goods is in effect. India will discuss rupee trade with Russia. Trade with China is growing. India is expediting FTAs with the EU and Latin America.
Engaged with China to resume border trade: India
2 months ago
India has confirmed ongoing discussions with China to restart border trade via key transit points, which had been suspended due to the 2020 Ladakh standoff. Negotiations are reportedly in advanced stages to resume direct flight services, signaling efforts to mend bilateral relations strained by the military clashes. Recent measures include India’s resumption of tourist visas […]
India Exim Bank projects a 4.5% rise in total merchandise exports, reaching USD 108.1 billion, for July-September FY26. Non-oil exports are expected to grow by 5.2% to USD 92.1 billion. This growth is attributed to a base effect, strong manufacturing, favorable trade negotiations, and expansionary monetary policy, though risks remain from global trade uncertainties and […]
India’s exports to the US surged by 19.94% to USD 8.01 billion in July, with imports also increasing by 13.78%. During April-July, exports to the US rose by 21.64% to USD 33.53 billion. The US emerged as India’s largest trading partner in April-July 2025-26.