NEW DELHI: The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down. On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% on exports of onion. Besides, it is expected to notify a minimum export […]

Hapag-Lloyd has seen its profits fall and a massive decline in its liquidity, but the carrier has been named as one of the possible bidders for the South Korean carrier HMM. Media reports in South Korea reported that the German line requested an Information Memorandum from Samsung Securities, which is handling the sale of HMM […]

As India seeks to become a $5 trillion economy, it will need state-of-the-art, future-proof infrastructure that can support this growth ambition. In a country as large and diverse as India, executing the massive pipeline of infrastructure project is no mean feat. What this will need is an out-of-the-box innovating thinking and a new approach to […]

Hindalco Industries Ltd and Texmaco Rail & Engineering Ltd have entered into a strategic agreement to develop and manufacture world class aluminium rail wagons and coaches with an aim to help Indian Railways meet their emission goals. The partnership aims to build a world class manufacturing facility in India. As per the agreement, the Aditya […]

Allcargo Logistics’ group is planning over ₹1,000 crore of investments by its recently demerged subsidiaries Allcargo Terminals and TransIndia Real Estate, both of which will also be listed on the bourses. The listing of the two entities is expected in a month, pending approval from the stock exchanges and SEBI. The $2.5-billion group recently concluded […]

GST Notifies section 123 of the Finance Act 2021 to be in force from 1st Oct 2023 – Change in Section 16 of IGST Act, related to Zero rated supply Section 16 of the IGST Act, which defines the Zero Rated Supply and provides option to exporter to export either under LUT or under Paid […]

BERLIN, Aug 1 (Reuters) – German logistics and mail group DHL (DHLn.DE) reported a slide in quarterly revenue and earnings on Tuesday due to a slump in freight volumes and prices, and warned of economic uncertainty ahead. Shares in DHL dropped 4% to 44.85 euros by 0807 GMT after the group said revenue fell by just over […]

Copenhagen, Denmark – A.P. Moller – Maersk (Maersk) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0bn compared to USD 21.7bn in Q2 2022 while profitability was strong at 12.4% although significantly lower compared to […]