India Ratings retains negative outlook on shipping sector

Last Updated: Monday, August 3, 2015, 16:42

Citing weak global trade growth and persistent overcapacity, India Ratings and Research (Ind-Ra) has maintained a 'negative-to-stable' outlook for the shipping sector for the current financial year.

RBS looking to sell $5 billion Greek shipping loan business: Sources

Last Updated: Saturday, July 11, 2015, 09:07

For decades, RBS has been a top lender to the global shipping industry and its Greek office - with an estimated 60 staff members - has played a pivotal role.

Bill for converting 101 rivers into waterways in next session

Last Updated: Sunday, July 5, 2015, 11:35

Keen on promoting water transport, the government will introduce a bill in the upcoming monsoon session of Parliament that seeks to convert 101 rivers across the country into waterways.

Amazon considering paying people to deliver packages: Report

Last Updated: Wednesday, June 17, 2015, 08:59

Amazon Inc is developing a mobile application that would pay ordinary people, rather than courier companies, to deliver packages en route to other destinations, the Wall Street Journal reported on Tuesday.

Looking to hedge Rs 1 lakh crore loan: Gadkari

Last Updated: Sunday, June 14, 2015, 14:56

Reiterating that there are benefits by way of interest cost reductions if money is raised in foreign currency, Gadkari said "hedging is necessary as if anything goes wrong in the future, he will be blamed".

RIL Rewas Port: Gadkari promises to resolve issues in a month

Last Updated: Sunday, June 7, 2015, 18:43

"In next one month, we will have a final decision on this (the right of way issue from the Mumbai Port). A proposal from the MbPT will be kept before you and then we will take public views on it," Gadkari said over the weekend here.

Bangladesh offers 2 SEZs to Indian companies

Last Updated: Sunday, June 7, 2015, 17:48

India will develop the economic zone near the government-sponsored one in Mongla, which is now under construction, Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, told The Daily Star.

Gadkari says government to fund dredging cost to up draft to 20 metres

Last Updated: Sunday, June 7, 2015, 16:52

The draft of the nation's largest port JNPT is around 16 meters currently and if this goes up to 20 meters, it can allow large ships to berth at its terminals which it is unable to do.

Cabinet approves agreement on coastal shipping between India and Bangladesh

Last Updated: Saturday, May 30, 2015, 14:17

The Union Cabinet on Saturday approved the agreement on coastal shipping between India and Bangladesh to carry out coastal movement of goods between the two countries.

Chabahar port to be operational by Dec 2016: Gadkari

Last Updated: Sunday, May 24, 2015, 12:46

Iranian President Hassan Rouhani, in his meeting with Gadkari, had said: "Resumption of Iran-India cooperation in the southeastern Iranian port city of Chabahar would lead to a new chapter in relations of two countries."