Adani Ports’ logistics segment to multiply revenue 5x by 2029 as company expands beyond core port operations

1 month ago

Adani Ports is aggressively expanding its logistics and warehousing services, forecasting a five-fold revenue increase by fiscal year 2029. This diversification aims to mitigate risks from global economic uncertainty and reduce reliance on traditional cargo handling. The company’s logistics segment already shows strong growth, contributing significantly to its overall revenue.

Banks push for Yuan trade in GIFT City as India-China ties warm up

1 month ago

India’s GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden services. Previously, four other currencies were approved. The government is now reviewing the renminbi proposal due to improving India-China relations. This could boost trade and currency liquidity.

India-Danish Business council launched to promote investments & innovation

1 month ago

A new Indo-Danish Business Council (IDBC) has launched in Copenhagen to boost innovation and investment between India and the Nordics. Focusing on life sciences, deep tech, and sustainability, the council aims to foster structured cooperation. Ambassadors highlighted the Green Strategic Partnership’s success, paving the way for deeper entrepreneurial and knowledge exchange.

India-EU FTA talks intensify as EU negotiators arrive in New Delhi

1 month ago

In a significant move to bolster economic ties, India is collaborating with the European Union to establish a Free Trade Agreement. Union Minister Piyush Goyal recently held discussions with EU Commissioner Maros Sefcovic, as EU negotiators actively engage in talks in New Delhi to address critical points.

Allcargo Logistics completes demerger of global supply chain biz

1 month ago

Allcargo Logistics has completed a significant restructuring. Its international supply chain business has been demerged into a new entity, Allcargo Global Limited. Simultaneously, the domestic express distribution and consultative logistics businesses have been merged into the existing Allcargo Logistics Limited. This move aims to enhance synergy and value creation. Shareholders will receive shares in both […]

India set to resume approvals for Chinese imports after five-year freeze

1 month ago

India is set to expedite approvals for importing goods from China and other nations, including electronics and steel, signaling a thaw in relations. This move aims to boost local supply and meet surging consumer demand, especially after recent GST cuts. The government is re-evaluating mandatory certifications for overseas plants to ease supply chain disruptions and […]

Non-US markets make up for loss of exports for India

1 month ago

India’s export diversification strategy is yielding positive outcomes. Exports of cotton readymade garments are increasing to the UAE, France, and Japan. Marine products and certain gems and jewellery are also finding new markets. This shift helps cushion the impact of US tariffs. India’s overall merchandise exports saw growth in September.

India-New Zealand FTA: Fourth round of negotiations begin

1 month ago

India and New Zealand have commenced their fourth round of Free Trade Agreement negotiations in Auckland, focusing on trade in goods and services, and rules of origin. Commerce Minister Piyush Goyal is set to meet his New Zealand counterpart this week to review the ongoing progress. Both nations aim to resolve outstanding issues for an […]

India, EU begin talks to resolve key issues in proposed bilateral free trade agreement

1 month ago

India and the European Union are holding talks to finalize a free trade agreement. Discussions focus on trade in goods, services, and other key areas. European negotiators are in Delhi for these important discussions. Both sides aim for a balanced and equitable framework. This engagement reaffirms a commitment to a comprehensive trade deal.

India, EU negotiators start talks to resolve outstanding issues of FTA

1 month ago

India and the EU have commenced crucial talks to finalize their proposed free trade agreement, aiming to resolve outstanding issues before the December deadline. Negotiators are focusing on trade in goods and services, rules of origin, and technical matters.

Adani Ports’ logistics segment to multiply revenue 5x by 2029 as company expands beyond core port operations

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