Gautam Adani’s ports unit will repay a debt of around 50 billion rupees ($604.6 million), as the beleaguered Indian tycoon seeks to improve a leverage metric at his firms following a short seller attack that has put his empire’s financial...
US retailers offer little optimism in gloomy H1 import forecastThe uncertain direction of the US economy is prompting consumers to hit the pause button on their buying habits, forcing a major retail group to further downgrade import projections through the...
Slowing global trade and tough Chinese measures to combat COVID-19 infections dragged down volume last year at Hutchison Ports subsidiary HPH Trust. READ SOURCE...
Swedish luxury carmaker Volvo Cars is looking to set up a global electric vehicle-manufacturing plant outside of China, with India and other Southeast Asian countries being considered as its possible location, The Economic Times reported. Volvo Cars chief Jim...
The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper. READ SOURCE...
India will soon become Boeing's biggest market in terms of footprint outside of the US, Brendan Nelson, its president, international, told Anirban Chowdhury in an interview. He added global supply chain issues will continue this year. Nelson was appointed to...
Japanese car maker Nissan committed to buying a stake of up to 15% in Renault’s electric vehicles unit on Monday, as the two auto giants unveiled details of their redesigned alliance. The size of Nissan’s investment or even a firm...
The railways is set to introduce a Bharat Gaurav Deluxe AC Tourist Train to showcase Gujarat under the Ek Bharat Shreshtha Bharat programme, according to an official statement on Sunday. The train on "Garvi Gujarat" tour will depart from Delhi's...
Minister for Railways, Ashwini Vaishnaw on February 03 informed that after the success of Vande Bharat trains, India will soon launch Vande Metro, a regional rail that will connect two cities. He also informed that the metro will be designed...
Courier, trucking, and warehousing firms lost workers last month, but the seasonal surge and purge was more muted than expected, reflecting broader labor market resilience. READ SOURCE...
